Page 4 A. Ownership/Advisory History Opal Capital LLC (“Opal Capital” or the “firm”) is an investment advisor registered with the United States Securities and Exchange Commission (“SEC”). Opal Capital is a limited liability company formed in 2022 under the laws of the State of Delaware. Opal Capital is primarily owned by Graff Capital, which is owned by Austin Graff. B. Advisory Services Offered Investment Management Services Investment Management Services begin by Opal Capital assisting each new client in determining the client's investment objectives. Opal Capital will analyze each client's current investments, investment objectives, goals, time horizon, financial circumstances, investment experience, investment restrictions and limitations, and risk tolerance to implement a portfolio consistent with such investment objectives, goals, risk tolerance and related financial circumstances. In addition, Opal Capital may utilize third-party software to analyze individual security holdings and separate account managers utilized within the client’s portfolio. Once a portfolio is established, the Investment Advisor Representative (“IAR”), in a fiduciary capacity, manages each client's investments in a manner consistent with the client’s objectives and risk tolerance. When discretionary authority is granted by a client, Opal Capital is free to select the securities to buy and sell, the amount to buy and sell, and when to buy and sell. Opal Capital will be restricted to having limited trading authorization. Opal Capital offers a customized and individualized investment program for clients. A specific asset allocation strategy is crafted to focus on the specific client’s goals and objectives. Opal Capital offers the following allocation strategies, which are described in detail in Item 8 of this brochure: ▪ Dividend Growth Strategy ▪ Dividend Income Strategy ▪ Enhanced Dividend Income Strategy Clients have the right to provide the firm with any reasonable investment restrictions that should be imposed on the management of their portfolio, and should promptly notify the firm in writing of any changes in such restrictions or in the client's personal financial circumstances, investment

objectives, goals and tolerance for risk. Opal Capital will remind clients of their obligation to inform the firm of any such changes or any restrictions that should be imposed on the management of the client’s account. Opal Capital will also contact clients at least annually to determine whether there have been any changes in a client's personal financial circumstances, investment objectives and tolerance for risk. Page 5 Sub-Adviser and Model Provider Services Opal Capital also provides asset management services as a sub-adviser to third-party investment advisers, who then offer such model portfolio management to their advisory clients. In addition, the firm will enter into model provider agreements with registered investment advisers and broker-dealers in which it will provide its model portfolios and updates to those who engage the firm for such services. Opal Capital’s portfolio management services are generally offered through third-party investment advisers on either a sub-advised basis or a consulting arrangement as a model provider. Please refer to Item 8 of this Brochure for a description of Opal Capital’s model portfolios. Fund Portfolio Management Opal Capital serves as the investment manager to the TrueShares Low Volatility Equity Income ETF (DIVZ) (the “Fund”), and continuously manages the Fund assets based on the investment goals and objectives as outlined in the Fund's Prospectus and Statement of Additional Information (“SAI”). C. Client-Tailored Services and Client-Imposed Restrictions Each client’s account will be managed on the basis of the client’s financial situation and investment objectives and in accordance with any reasonable restrictions imposed by the client on the management of the account—for example, restricting the type or amount of security to be purchased in the portfolio. D. Wrap Fee Programs Opal Capital does not participate in wrap fee programs, where brokerage commissions and transaction costs are included in the asset-based fee charged to the client. E. Client Assets Under Management As of December 31, 2023, Opal Capital had $76.85 million of discretionary assets under management. Item 5: Fees and Compensation