AXS Investments

AXS Short Innovation ETF (SARK) is a trading tool for investors who believe the bear thesis for disruptive innovations, such as electric vehicles, genomics, fintech and blockchain. It seeks to obtain the inverse (-1x) of the return of the ARK Innovation ETF (NYSE Arca: ARKK) for a single day, not for any other period. Inverse ETFs involve significant risk.

AXS 2X Innovation ETF (TARK) is a trading tool for investors who believe the bull thesis for disruptive innovations, such as electric vehicles, genomics, fintech and blockchain. It attempts to obtain leveraged long exposure of double (2x) the return of the ARK Innovation ETF (NYSE Arca: ARKK) for a single day, not for any other period. Leveraged ETFs involve significant risk.

Seeks investment results that correspond to one and a quarter times the inverse (-125%) of the daily performance of the common shares of NVIDIA Corporation, by entering into one or more swap agreements on NVDA.

Seeks investment results that correspond to the inverse (-100%) of the daily performance of the common shares of Tesla, Inc., by entering into one or more swap agreements on TSLA.

Under normal circumstances, at least 80% of the funds total assets will be invested in the component securities of the index. The index was developed by Change Finance, PBC, the funds investment adviser and index provider, and uses an objective, rules-based methodology to measure the performance of an equal-weighted portfolio of approximately 100 large cap U.S.-listed companies that meet a diverse set of environmental, social, and governance (ESG) standards.

Under normal circumstances, the Fund will invest at least 80% of its net assets, plus borrowings for investment purposes, in sustainable companies. Sustainable companies are companies that are determined by Green Alpha Advisors, LLC, the Funds sub-advisor (the Sub-Advisor), that seek to mitigate global sustainability systemic risks. Such risks include, but are not limited to, the climate crisis, natural resource degradation and scarcity, and human disease burdens

The Fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing principally in securities across multiple asset classes which have the potential to benefit, either directly or indirectly, from increases in the rate of rising costs of goods and services (i.e., inflation). These investments are expected to include, but are not limited to, equity securities of companies engaged in the energy, financials, industrial, and materials sectors, as well as investments in other ETFs (Underlying ETFs) that directly or indirectly invest in commodities or fixed income securities. The Funds investments in equity interests are generally expected to include common stock, general and limited partnership interests of publicly traded master limited partnerships (MLPs) and units of royalty trusts.

The Fund uses a passive management (or indexing) approach to track the performance, before fees and expenses, of the Index. Under normal circumstances, at least 80% of the Funds net assets, plus borrowings for investment purposes, will be invested in the component securities of the Index. To be eligible for inclusion in the Index, an mREIT or mCEF must have (i) been trading for at least 90 days, (ii) an average daily trading volume of above $750,000 over the last six months and (iii) an average market capitalization above $500 million over the last six months. Gapstow classifies each constituent into one of the following three real estate debt sectors for weighting purposes, as discussed further below Commercial real estate lending Non-agency real estate debt, or Agency real estate debt Gapstow analyzes the constituents once a year to ensure they are still properly classified. Each constituent is assigned an initial neutral weight based on its sector and the number of constituents in the sector. For example, the commercial real estate lending sector has a neutral weight of 50% of the Index, and if there are 12 securities in the sector, each security in the commercial real estate lending sector will have a neutral constituent weight of 4.2%. The non-agency real estate debt and agency real estate debt sectors will each have neutral weight of 25%. The Index is reconstituted semi-annually, effective on the first business day (i.e., NYSE trading day) of April and October. The Indexs exposure may change significantly with each reconstitution or due to market movements between reconstitutions. The Index is rebalanced to neutral sector and constituent weights each quarter.

The fund is an actively-managed ETF that will invest, under normal circumstances, at least 80% of its total assets in domestic and foreign equity securities of companies whose economic fortunes are significantly tied to the fifth generation digital cellular network technology (5G) enabled digital economy, including companies involved in the production of 5G technology and companies that may benefit from the use of 5G. The fund is non-diversified.