| Investment Objective: |
The Fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve on a daily basis, before fees and expenses, 200% performance of AUR for a single day, not for any other period, by entering into one or more swaps and/or purchasing listed options on AUR and/or investing directly in the common stock of AUR. However, the use of option contracts or direct investments in common stock of AUR is typically less efficient than swaps and may increase the likelihood that the Fund is unable to achieve its daily 2X objective. The Fund will enter into one or more swaps with major global financial institutions whereby the Fund and the global financial institution will agree to exchange the return (or differentials in rates of return) earned or realized on AUR. .If the Advisor determines to 3 use call options, the Fund will purchase exchange traded call options, including FLexible EXchange Options ("FLEX Options"). AUR was founded in 2017 with the mission to deliver the benefits of self-driving technology safely, quickly, and broadly. AUR is developing the Aurora Driver, an advanced and scalable suite of self-driving hardware, software, and data services that aims to fundamentally transform the global transportation market. |
