| Investment Objective: |
The STKD Bitcoin & Gold ETF (the "Fund") seeks long-term capital appreciation. The Fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing via U.S.- listed futures contracts as well as pooled investment vehicles, such as exchange-traded products ("ETPs") ("Underlying Funds"), in two complementary asset classes, a modern digital asset class (bitcoin) (the "Bitcoin strategy") and a traditional asset class (gold) (the "Gold strategy"). The Fund uses leverage to "stack" the total return of holdings in the Fund's Bitcoin strategy together with the total returns of holdings in the Fund's Gold strategy. Essentially, one dollar invested in the Fund provides approximately one dollar of exposure to the Fund's Bitcoin strategy and approximately one dollar of exposure to the Fund's Gold strategy. Under normal circumstances, the Fund's notional exposure to the Bitcoin strategy will represent approximately 100% of the Fund's net assets, and the Fund's notional exposure to Gold strategy will represent approximately 100% of the Fund's net assets. The Underlying Funds may gain their exposure to the underlying asset classes either directly, or through the use of derivative instruments, such as futures contracts and swaps. |
