| Investment Objective: |
The Fund is an actively managed ETF that seeks defined income and capital appreciation. The Fund's strategy involves: (1) constructing a portfolio of U.S.-listed equity securities of Strategic Metals & Mining Companies (each, an "Underlying Security") (the "Equity Strategy"); and (2) generating income through an options portfolio (the "Options Strategies"), which involve using options contracts on Underlying Securities and/or Strategic Metals & Mining ETFs. Additionally, the Fund will maintain a minor allocation to cash, money market funds or U.S. Treasuries, not exceeding ten percent of its total assets. Tidal Investments LLC (the "Adviser") selects Strategic Metals & Mining Companies in which the Fund will invest. The Fund is generally unconstrained, meaning it may invest in companies of any market capitalization size. Strategic Metals & Mining Companies may include companies from foreign countries, including emerging markets. The Underlying Securities may include such companies' U.S.-listed depositary receipts, such as ADRs and GDRs. |
