COLLABORATIVE INVESTMENT SERIES TRUST THE ACTIVE DIVIDEND STOCK ETF Bono

The investment seeks capital appreciation. The fund seeks to employ a tactical approach to invest in to income-producing U.S. equity securities and ETFs. Under normal market conditions, it will invest in income producing equity securities. While the Advisor expects to be invested primarily in large capitalization companies, it may invest in equity securities of any capitalization. The fund may invest, a portion of its portfolio in volatility ETFs and ETNs, leveraged ETFs, inverse ETFs, Treasury Bond ETFs, and Inverse Treasury Bond ETFs.