Risks
There are risks involved with investing including possible loss of principal. The RiverPark ETFs are actively managed and the Shares may trade above or below their net asset value. The trading price of shares may deviate significantly from net asset value during periods of market volatility. Shares are not FDIC insured, may lose value, and will have no bank guarantee.
In addition to the normal risks of investing, foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. The RiverPark ETFs may also invest in certain derivatives, which will subject the fund to the risks associated with derivatives. The value of derivatives may rise or fall more rapidly than other investments.
An investor should consider investment objectives, risks, charges and expenses carefully before investing. The Prospectus contains this and other information. For more complete information about the Grail RiverPark ETFs or to obtain a Prospectus, call 415-677-5870. Please read the Prospectus carefully before investing.
Sector ETFs are also subject to sector risk and non-diversification risk, which will result in greater price fluctuations than the overall market.
Investing in concentrated funds generally will be more volatile and loss of principal could be greater than investing in more diversified funds.