| Investment Objective: |
The Fund is an actively managed ETF that seeks to provide current income while providing exposure to the share price (i.e., the price returns) of the common stock of GME, subject to a limit on potential investment gains. The Fund seeks to achieve these investment objectives through the use of a synthetic covered call strategy. The Fund seeks to provide its synthetic exposure to the price return of GME through the purchase and sale of a combination of call and put option contracts that utilize GME as the reference asset. The Fund will also sell call options that utilize GME as the reference asset. These sold call options provide income in the form of option premiums but will also limit the degree to which the Fund will participate in investment gains experienced by GME. The Fund will invest at least 80% of its net assets plus borrowings in options contracts that utilize GME as the reference asset. For purposes of compliance with this investment policy, derivative contracts will be valued at their notional value. In implementing its investment strategy, the Fund will invest in traditional exchange-traded options contracts and/or FLexible EXchange options ("FLEX Options") that utilize GME as the reference asset. |
