| Investment Objective: |
The investment objective of the Fund is to reflect the daily changes of the price in bitcoin and Carbon Credit Futures, as represented by the 7RCC Kaiko Bitcoin Carbon Credit Index. The Fund's investment strategy is to hold a combination of bitcoin and Carbon Credit Futures to replicate the performance of the Index in furtherance of its investment objective. The Index is designed to track the performance of investing in a portfolio comprised of 80% bitcoin and 20% Carbon Credit Futures. The Index's Carbon Credit Futures are linked to the value of emissions allowances issued under the following regimes: the European Union Emissions Trading System ("EU ETS"), the California Cap and Trade ("CCA"), and Regional Greenhouse Gas Initiative ("RGGI"). To obtain exposure to the EU ETS, the Index uses Intercontinental Exchange ("ICE") EUA (Carbon Emission Allowances) futures ("EU CEA Carbon Credit Futures"). To obtain exposure to the CCA, the Index uses ICE California Carbon Allowance Vintage Future contracts ("CCA Carbon Credit Futures"). To obtain exposure to the RGGI, the Index uses ICE RGGI (CO2 allowances) futures contracts ("RGGI Carbon Credit Futures"). Under normal market conditions, the Fund invests in bitcoin, Carbon Credit Futures and cash and cash equivalents. |
