| Investment Objective: |
The Fund is an actively managed ETF that seeks to pay weekly distributions. The Fund operates as a "fund of funds," meaning the Fund invests primarily in shares of other ETFs. The Fund's portfolio will consist primarily of REX Growth & Income ETFs (each, an "Underlying Leveraged ETF," and together, the "Underlying Leveraged ETFs"), which are affiliated ETFs that are advised by REX Advisers, LLC, investment adviser to the Fund. Each of the Underlying Leveraged ETFs has a primary investment objective to seek to pay weekly distributions and a secondary investment objective to seek daily investment results, before fees and expenses, between 105% and 150% the daily percentage change of the (1) common stock or depositary receipt of an operating company, (2) share price of a particular ETF, or (3) the share price of a U.S.- listed exchange-traded product ("ETP"). The Underlying Leveraged ETFs are actively managed ETFs that seek to pay weekly distributions by employing a covered call strategy and maintaining between 105% and 150% notional exposure to their respective Underlying Securities by entering into financial instruments on the Underlying Securities, including options contracts and/or swap agreements, as well as directly purchasing shares of the Underlying Securities. |
