| Investment Objective: |
The Fund is an actively managed exchange-traded fund ("ETF") that seeks current income while providing indirect exposure to the share price of the ADR of Taiwan Semiconductor Manufacturing Co Ltd. (NYSE: TSM) ("TSM" or the "Underlying Security"), which is generally subject to a limit on potential investment gains. The Fund will employ its investment strategy as it relates to TSM regardless of whether there are periods of adverse market, economic, or other conditions and will not take temporary defensive positions during such periods. The Fund uses a synthetic covered call strategy to provide income and indirect exposure to the share price returns of TSM, which is generally subject to a limit on potential investment gains as a result of the nature of the options strategy it employs. In addition, the Fund will at times opportunistically sell a credit call spread instead of selling a call option when ZEGA Financial, LLC ("Sub-Adviser") believes doing so will be more advantageous to the Fund's total return. The Fund not only seeks to generate income from its options investments but also aims to derive gains when the value of TSM increases. |
