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In pursuing the Fund’s investment objective, the Collaborative Investment Series Trust Trend Aggregation ESG Fund will under normal conditions invest at least 80% of its net assets (plus borrowings for investment purposes) directly, or indirectly through mutual funds or exchange traded funds, in equity or fixed income securities of well-known environmental, social, and governance (“ESG”) indices such as MSCI and Russell. The Fund’s adviser may apply a variety of ESG screens and may rotate between different ESG screens, without limitation.