| Investment Objective: |
The Fund seeks daily investment results, before fees and expenses, of two times (200%) the daily percentage change in the share price of Amprius Technologies, Inc. (NYSE: AMPX). The Fund is an actively managed ETF that attempts to achieve two times (200%) the daily percentage change in the share price of the Underlying Security by employing derivatives, namely swap agreements and/or listed options contracts. The Fund may enter into one or more swap agreements with financial institutions for a specified period, which may range from one day to longer than a year. Through each swap agreement, the Fund and the financial institution will agree to exchange the return (or differentials in rates of return) earned or realized on the Underlying Security's share price. The Fund may also utilize listed options to seek to achieve leveraged 2X exposure to the Underlying Security. The Fund will primarily employ short-dated (a month or less) in-the-money call options. Amprius Technologies, Inc. is a U.S.-based developer, manufacturer, and marketer of lithium-ion batteries built on its proprietary silicon anode platform, designed to deliver superior energy density and power performance compared to conventional graphite-based lithium-ion cells. |
