| Investment Objective: |
Arin Tactical Tail Risk ETF seeks to maximize total return through a combination of capital appreciation and current income. The Fund is an actively managed exchange-traded fund ("ETF") that seeks to provide exposure to U.S. large-cap equities while also attempting to mitigate losses during periods of significant market decline, commonly referred to as "tail risk" events. Under normal circumstances, the Fund invests primarily in options contracts on large-capitalization U.S. equities or equity market indexes, such as the S&P 500 Index (the "Index"), and may invest in individual equities or ETFs that provide exposure to the Index or other large-capitalization U.S. equity market indexes. The Fund may use both standardized exchange-listed options and FLexible EXchange Options, including put and call options and combinations thereof. Options combinations include strategies such as spreads, which involve simultaneously buying and selling options to manage risk and tailor market exposure. The Fund may also use combinations of long and short options to help manage the range and degree of this exposure. |
