| Investment Objective: |
The Tradr 2X Short TSLA Daily ETF (the "Fund" or "TSLA Daily ETF") seeks daily inverse investment results and is very different from most other exchange-traded funds. As a result, the Fund may be riskier than alternatives that do not seek daily inverse investment results because the Fund's objective is the inverse (-200%) daily performance of the common shares of Tesla, Inc. (NASDAQ TSLA) ("TSLA"). The return for investors that invest for periods longer or shorter than a single trading day should not be expected to be -200% of the performance of TSLA for the period. The return of the Fund for a period longer than a single trading day will be the result of each trading day's compounded return over the period, which will very likely differ from -200% of the return of TSLA for that period. Longer holding periods and higher volatility of TSLA increase the impact of compounding on an investor's returns. During periods of higher TSLA volatility, the volatility of TSLA may affect the Fund's return as much as, or more than, the return of TSLA. |
