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Innovative Portfolios Converts Two Actively Managed Mutual Funds to ETFs

Innovative Portfolios Converts Two Actively Managed Mutual Funds to ETFs

Innovative Portfolios Posts High Morningstar Rankings for 2020 Year-End

returned 9.05%, ranking 1 stout of 48 funds in Morningstar s category of U.S. Fund Preferred Stock, based on total return for the one-year period ending 12/31/2020. As of 12/31/20, annualized performance since inception (12/24/18) in the Preferred-Plus Fund is 14.24% . Innovative Portfolios Dividend Performers Fund returned 20.22% (Class I: IPDPX) and ranked 6 th out of 138 funds in Morningstar s category of U.S. Fund Options-based. Since inception on 12/24/18, annualized performance in the Dividend Performers Fund is 27.35% for the period ending 12/31/20. The Preferred-Plus Fund s primary investment objective is to provide current income by investing in U.S. Preferred Stocks. The Fund utilizes an option overlay strategy seeking to enhance overall distributions to shareholders.

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