| Investment Objective: |
The T-REX 2X Long PENG Daily Target ETF investment objective is to magnify (200%) the daily performance of the publicly-traded common stock of Penguin Solutions, Inc.(NASDAQ:PENG) ("PENG"). The Fund, under normal circumstances, invests at least 80% of its net assets in financial instruments that are designed to provide, in the aggregate, 200% exposure to the price performance of PENG on a daily basis. The Fund may also seek to achieve its investment objective by purchasing call options on PENG or by investing directly in the common stock of PENG. The Fund will enter into one or more swap agreements with financial institutions whereby the Fund and the financial institution will agree to exchange the return earned on an investment by the Fund in PENG that is equal, on a daily basis, to 200% of the value of the Fund's net assets. If the Adviser determines to use call options, the Fund will purchase exchange traded call options, including "FLEX Options." Penguin Solutions is a leading provider of memory and AI infrastructure, powering the AI factories of the future for enterprises, sovereign AI initiatives, and neocloud providers. |
