| Investment Objective: |
The REX TSLA Growth & Income ETF (the "Fund") is an actively managed exchange-traded fund utilizes a leveraged investment strategy that seeks to provide targeted daily leveraged investment results between 105% and 150% notional exposure to the common stock of Tesla, Inc. (NASDAQ: TSLA) ("TSLA") for a single day. A "single day" is measured from the time the Fund calculates its net asset value ("NAV") to the time of the Fund's next NAV calculation. Because the Fund seeks daily leveraged investment results, it is very different from most other exchangetraded funds. As a result, the Fund may be riskier than alternatives that do not use leverage. The return for investors that invest for periods longer or shorter than a trading day should not be expected to be between 105% and 150% of the performance of TSLA for the period. The return of the Fund for a period longer than a trading day will be the result of each trading day's compounded return over the period, which will very likely differ from between 105% and 150% of the return of TSLA over the same period. TSLA is considered a growth company because TSLA is included within a third-party growth index and exhibits growth characteristics based on earnings per share growth and/or revenue growth. |
