Investors should carefully consider the investment objectives, risks,
charges, and expenses of Exchange Traded Funds (ETFs) before investing. To
obtain an ETF's prospectus or summary prospectus containing this and other
important information, please visit visit www.BFIX.fund or call +1-833-852-8453. Please read the prospectus or summary prospectus carefully before you
invest.
IMPORTANT RISK INFORMATION: An investment in the fund involves risk,
including possible loss of principal. Past performance does not guarantee
future results.
The fund's investment objective is to seek capital appreciation and risk
mitigation. The funds are new and have a limited operating history.
Summary of Risk Factors
AN INVESTMENT IN THE FUND INVOLVES RISKS, INCLUDING POSSIBLE LOSS OF
PRINCIPAL.
In general, investment in the shares of the Fund ("Shares") involves various
risks, including but not limited to:
-
Limited operating history. There can be no assurance that Build's
principals and affiliates will be able to duplicate prior investment
success or that we will achieve our objectives or achieve positive results
of any kind.
-
Investors in the Fund may pay significantly more or receive significantly
less for Fund shares than the value of the Fund's underlying securities or
the NAV of Fund shares.
-
The Fund is actively managed, which may result in higher brokerage costs
or mark-up charges, which are ultimately pass on to shareholders of the
Fund. Active trading may also result in adverse tax consequences.
-
Fixed income risk, credit risk, extension risk, and prepayment risk could
affect the value of a particular investment by the Fund, possibly causing
the Fund's share price and total return to be reduced and fluctuate more
than other types of investments.
-
Derivatives risk, which can be more sensitive to changes in interest rates
or to sudden fluctuations in market prices than conventional securities.
-
ETF structure risk as shares are not individually redeemable and an active
trading market for the Fund's shares may not be developed or maintained.
-
General investment risks as no assurance can be given that the investment
strategies used will be successful under all or any market conditions.
For further detail on risk factors, prospective investors should read the
"Principal Risks of Investing in the Fund" section of the prospectus which
discusses the risks and uncertainties believed to be material to the
operations, operating results, prospects and financial conditions. Only by
carefully reviewing and considering those factors and the rest of the Fund's
prospectus (in addition to other independent investigations) can an investor
determine whether such risks, as well as Build's experience and
compensation, conflicts of interest and other information contained therein
are acceptable to the investor. The Fund does not undertake any obligation
to revise or update any statement in this Presentation for any reason.
Bloomberg US Aggregate Bond Index: The Bloomberg US
Aggregate Bond Index is a broad-based flagship benchmark that measures the
investment grade, US dollar-denominated, fixed-rate taxable bond market. The
index includes Treasuries, government-related and corporate securities,
fixed-rate agency MBS, ABS, and CMBS (agency and non-agency).
Indexes are unmanaged, do not incur management fees, costs, and expenses and
cannot be invested in directly. "BLOOMBERG®" and the Bloomberg indices
listed herein (the "Indices") are service marks of Bloomberg Finance L.P.
and its affiliates, including Bloomberg Index Services ("BISL"), the
administrator of the Indices (collectively, "Bloomberg") and have been
licensed for use for certain purposes only by the distributor hereof (the
"Licensee"). Bloomberg is not affiliated with Licensee, and Bloomberg does
not approve, endorse, review, or recommend the financial products named
herein (the "Products"). Bloomberg does not guarantee the timeliness,
accuracy, or completeness of any data or information relating to the
Products.
The Morningstar Rating™ for funds, or "star rating", is calculated for
managed products (including mutual funds, variable annuity and variable life
subaccounts, exchange-traded funds, closed-end funds, and separate accounts)
with at least a three-year history. Exchange-traded funds and open-ended
mutual funds are considered a single population for comparative purposes. It
is calculated based on a Morningstar Risk-Adjusted Return measure that
accounts for variation in a managed product's monthly excess performance,
placing more emphasis on downward variations and rewarding consistent
performance. The Morningstar Rating does not include any adjustment for
sales loads. The top 10% of products in each category receive 5 stars, the
next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5%
receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar
Rating for a managed product is derived from a weighted average of the
performance figures associated with its three-, five-, and 10-year (if
applicable) Morningstar Rating metrics. The weights are: 100% three-year
rating for 36-59 months of total returns, 60% five-year rating/40%
three-year rating for 60-119 months of total returns, and 50% 10-year
rating/30% five-year rating/20% three-year rating for 120 or more months of
total returns. While the 10-year overall star rating formula seems to give
the most weight to the 10-year period, the most recent three-year period
actually has the greatest impact because it is included in all three rating
periods. The Fund was rated against the following numbers of Short-Term Bond
funds over the following time periods: 533 funds in the last three years, N/A funds in the last five years, and N/A funds
in the last ten years. Past performance is no guarantee of future results.
© 2025 Morningstar, Inc. All rights reserved. The information contained
herein: (1) is proprietary to Morningstar and/or its content providers; (2)
may not be copied or distributed; and (3) is not warranted to be accurate,
complete or timely. Neither Morningstar nor its content providers are
responsible for any damages or losses arising from any use of this
information. Past performance is no guarantee of future results.
Fixed income investments are subject to interest rate risk; their value will
normally decline as interest rates rise. Fixed income investments are also
subject to credit risk, the risk that the issuer of a bond will fail to pay
interest and principal in a timely manner, or that negative perceptions of
the issuer's ability to make such payments will cause the price of that bond
to decline. Investing in mortgage- and asset-backed securities involves
interest rate, credit, valuation, extension and liquidity risks and the risk
that payments on the underlying assets are delayed, prepaid, subordinated or
defaulted on.
The Fund is actively managed, which means that investment decisions are made
based on the Adviser's investment views. There is no guarantee that the
investment views will produce the desired results or expected returns, which
may cause the Fund to fail to meet its investment objective or to
underperform its benchmark index or funds with similar investment objectives
and strategies. The Fund invests in ETFs (Exchange-Traded Funds) and is
therefore subject to the same risks as the underlying securities in which
the ETF invests as well as entails higher expenses than if invested into the
underlying ETF directly. While the option overlay is intended to improve the
Fund's performance, there is no guarantee that it will do so. Utilizing an
option overlay strategy involves the risk that as the buyer of a call
option, the Fund risks losing the entire premium invested in the option if
the Fund does not exercise the option. Also, securities and options traded
in over-the-counter markets may trade less frequently and in limited volumes
and thus exhibit more volatility and liquidity risk.
Build does not guarantee any minimum level of investment performance or the
success of any index portfolio, index, mutual fund or investment strategy.
Past performance does not guarantee future results. There is a potential for
loss in any investment, including loss of principal invested. All
investments involve risk, and different types of investments involve varying
degrees of risk. Investment recommendations will not always be profitable.
Build ETFs are distributed by Foreside Fund Services, LLC.
