| Investment Objective: |
The BufferLABS US Equity Dynamic Buffer ETF seeks to achieve capital appreciation with limited downside protection. The Fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing in a combination of exchange-traded options contracts that provide exposure to one or more ETF that seeks to track a largecapitalization U.S. equity market index (each an "Underlying ETF"), while seeking to protect against a predetermined amount of loss (e.g., 5-15%) in such ETF or ETFs. Under normal circumstances, the Fund will invest at least 80% of its net assets in instruments that provide the Fund with direct or indirect exposure to equity securities of U.S. companies. The Fund considers "equity securities" to include common stocks and ETFs that principally invest in common stocks. The Fund considers a company to be a U.S. company if: (i) at least 50% of the company's assets are located in the United States; (ii) at least 50% of the company's revenue is generated in the United States; (iii) the company is organized, conducts its principal operations, or maintains its principal place of business or principal manufacturing facilities in the United States; or (iv) the company's securities are traded principally in the United States. |
