| Investment Objective: |
The Fund is an actively managed exchange-traded fund ("ETF") that seeks to pay weekly distributions to shareholders by employing a covered call strategy and maintain between 105% and 150% notional exposure to the Underlying Security by entering into financial instruments on the Underlying Security, including options contracts and/or swap agreements, as well as directly purchasing shares of the Underlying Security. To the extent available, the Fund may also invest in exchange-traded funds that provide leveraged exposure to the Underlying Security ("Leveraged ETFs"). At the end of each trading day, the Fund will attempt to rebalance its portfolio such that the notional exposure to the Underlying Security obtained through the combination of these instruments will be between 105% and 150% of the Fund's NAV. The Fund will be managed to maintain between 105% and 150% notion exposure to the Underlying Security for a single day. The exact amount of notional exposure, and therefore the amount of leverage used by the Fund, will be determined by REX Advisers, LLC, the Fund's investment adviser based on real-time risk sentiment through technical analysis (i.e., an evaluation that examines the Underlying Security price behavior and chart patterns to determine an uptrend or downtrend). |
