Under normal circumstances, MGNR invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of companies primarily engaged in natural resources and natural resources-related businesses. The Fund considers companies primarily engaged in natural resources and natural resources-related businesses to be those with a majority of assets, revenues or earnings, directly or indirectly through subsidiaries, from owning, producing, refining, processing, transporting, distributing, mining, exploring, storing, or otherwise handling natural resources, or from activities that directly rely on or support natural resources, such as producing food, delivering utilities, selling machines for natural resources uses, and deriving materials such as fertilizer, glass, paper and plastic. 

Under normal circumstances, EVLN invests at least 80% of its net assets (plus any borrowings for investment purposes) in floating-rate credit investments. Floating-rate credit investments may include, without limitation, senior floating rate loans of domestic and foreign borrowers (“Senior Loans”), debt tranches of collateralized loan obligations (“CLOs”), secured and unsecured floating-rate bonds, as well as secured and unsecured subordinated loans, second lien loans, subordinated bridge loans and mezzanine investments (collectively, “Junior Loans”). 

KBUF seeks to provide investors with returns that match the total return of the KraneShares CSI China Internet ETF (“Underlying ETF”) of increases of up to 41.20% of the Underlying ETF (prior to taking into account any fees or expenses) (“Cap”) while providing a Buffer against 90% of decreases in the total return of the Underlying ETF (prior to taking into account any fees or expenses) (“Buffer”), over the period from February 8, 2024 to January 16, 2026 (the “initial Outcome Period”). 

KPRO seeks to provide investors with returns that match the total return of the KraneShares CSI China Internet ETF (“Underlying ETF”) of increases of up to 22.69% of the Underlying ETF (prior to taking into account any fees or expenses) (“Cap”) while providing a Buffer against 100% of decreases in the total return of the Underlying ETF (prior to taking into account any fees or expenses) (“Buffer”), over the period from February 8, 2024 to January 16, 2026 (the “initial Outcome Period”). 

XXCH seeks daily investment results, before fees and expenses, of 200% of the performance of the MSCI Emerging Markets ex China Index. There is no guarantee the fund will achieve its stated investment objective. This leveraged ETF seeks a return that is 200% the return of its benchmark index for a single day. The fund should not be expected to provide two times the return of the benchmark’s cumulative return for periods greater than a day. 

CANQ seeks uncapped upside to the largest and most recognized Nasdaq-100 stocks, coupled with the income and diversification potential of bonds. The Fund is an actively managed exchange-traded fund (“ETF”) that seeks to deliver convertible security-like exposure to companies within the Nasdaq-100 Index. This investment approach is an alternative way to access Nasdaq-100 stocks by seeking to offer upside potential through the options and seeking to limit the downside through the fixed income portfolio.

AOHY seeks to maximize long-term risk-adjusted returns relative to the market. The Fund is diversified and invests primarily in bonds rated below investment grade. The Fund may purchase bonds of any maturity and will normally have a maturity and duration profile in line with the high yield market. The securities may include domestic and foreign corporate debt securities, including bank-issued subordinated debt, fixed and floating rate bonds, and zero coupon bonds and various forms of debt securitizations.

MBS seeks the best risk-adjusted opportunities in fixed income that offer the potential for both stable income and price appreciation. The Fund will, under normal circumstances, invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in mortgage-backed securities (“MBS”). 

The investment objective of SFEB is to seek to provide investors with returns (before fees and expenses) that match the price return of the iShares Russell 2000 ETF (the “Underlying ETF”), up to a predetermined upside cap of 19.28% while providing a buffer (before fees and expenses) against the first 15% of Underlying ETF losses, over the period from February 20, 2024 through February 21, 2025. The Fund will invest substantially all of its assets in FLexible EXchange Options (“FLEX Options”) that reference the price performance of the iShares Russell 2000 ETF (the “Underlying ETF”).

The investment objective of XFEB is to seek to provide investors with returns (before fees and expenses) of approximately twice any positive price return of the SPDR S&P 500 ETF Trust (the “Underlying ETF”), up to a predetermined upside cap of 11.02% while providing a buffer (before fees and expenses) against the first 15% of Underlying ETF losses, over the period from February 20, 2024 through February 21, 2025. The Fund will invest substantially all of its assets in FLexible EXchange Options (“FLEX Options”) that reference the price performance of the SPDR S&P 500 ETF Trust (the “Underlying ETF”).

BTFX seeks to provide daily investment results, before fees and expenses, that generally correspond to twice the performance of the S&P CME Bitcoin Futures Index Excess Return (BBG Ticker SPBTCFUE) for a single day, not for any other period. The fund does not invest directly in bitcoin. Instead, the Fund seeks to benefit from increases in the price of Bitcoin Futures Contracts for a single day. The S&P CME Bitcoin Futures Index measures the performance of the front-month Bitcoin Futures Contract trading on the CME. The Index is constructed from futures contracts and includes a provision for the replacement of the Index futures contracts as the contracts approach maturity. 

FFLV seeks long-term growth of capital. Normally investing at least 80% of the fund’s assets in equity securities of companies with large market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell 1000 Index or the S&P 500 Index). Investing in securities of companies that FMR believes are undervalued in the marketplace in relation to factors such as the company’s assets, sales, earnings, growth potential, or cash flow, or in relation to securities of other companies in the same industry (stocks of these companies are often called “value” stocks). 

FLDB seeks to obtain a high level of current income consistent with preservation of capital. Normally investing at least 80% of assets in investment-grade debt securities (those of medium and high quality) of all types and repurchase agreements for those securities. Normally maintaining a duration of 1 year or less. Managing the fund to have similar overall interest rate risk to the Bloomberg US Treasury Bill 6-9 Months Index. 

MSTY’s primary investment objective is to seek current income. The Fund’s secondary investment objective is to seek exposure to the share price of the common stock of MicroStrategy Incorporated (“MSTR”), subject to a limit on potential investment gains. The Fund is an actively managed exchange-traded fund (“ETF”) that seeks current income while providing indirect exposure to the share price (i.e., the price returns) of the common stock of MicroStrategy Incorporated (“MSTR”), subject to a limit on potential investment gains. 

NRES seeks total return from both capital appreciation and current income. The fund is an actively managed exchange-traded fund (“ETF”) that does not seek to replicate the performance of a specific index. The fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes (calculated at the time of any investment), in securities of companies in the natural resources sector. The fund invests primarily in equity and equity-related securities, such as common stock, preferred stock, securities convertible into common stock, rights or warrants to purchase common stock and equity securities.

SCLZ focuses on total return, seeking both sustainable income and capital appreciation. The Fund is an actively managed exchange-traded fund (“ETF”) that, under normal circumstances, invests at least 80% of its assets (defined as net assets plus borrowing for investment purposes) in dividend-paying common stocks. The Fund invests primarily in large-cap and mid-cap U.S. companies. Additionally, the Fund seeks to enhance its returns by writing call options against all or a portion of its stock portfolio. 

CAAA seeks to maximize long-term total return. Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in commercial mortgage-backed securities (“CMBS”). The Fund intends to invest at least 80%, and generally expects to invest at least 90% of its net assets in CMBS with a “AAA” rating (or equivalent) at the time of purchase, as determined by at least one nationally recognized statistical rating organization (“NRSRO”). 

MAGQ seeks daily investment results, before fees and expenses, that correspond to the inverse (-1X) of the performance of the Roundhill Magnificent Seven ETF (the “Magnificent Seven ETF”). The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period. The Fund seeks daily investment results, before fees and expenses, that correspond to the inverse (-1X) of the performance of the Magnificent Seven ETF over a single trading day. 

The Roundhill Daily 2X Long Magnificent Seven ETF (the “Fund”) seeks daily leveraged investment results, before fees and expenses, that correspond to two times (2X) the performance of the Roundhill Magnificent Seven ETF (the “Magnificent Seven ETF”). As a result, the Fund may be riskier than alternatives that do not use leverage because the Fund’s objective is to magnify the daily performance of the Magnificent Seven ETF. The Fund seeks daily investment results, before fees and expenses, of two times (2X) the daily performance of the Magnificent Seven ETF. The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day. The “Magnificent Seven” is a commonly used market term to refer to the following seven technology companies Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla.

MVPL is an actively managed exchanged traded fund that seeks to achieve its investment objective by investing in ETFs that provide unleveraged or leveraged exposure to the S&P 500 Index, depending on trading signals from proprietary models used by the Fund’s investment adviser, Miller Value Partners, LLC (the “Adviser”). When the Adviser’s trading signals indicate that the Fund should be in an unleveraged position, the Fund will invest its assets in an ETF that seeks to track the performance of the Index (“Unleveraged ETF”). 

SCIO seeks to maximize long-term income. Under normal market conditions, the Fund will invest at least 80% of its net assets in structured credit investments. Structured credit investments are created through a securitization process, in which financial assets such as loans and mortgages are packaged into interest-bearing securities backed by those assets and issued to investors. Structured credit investments include, but are not limited to, residential mortgage-backed securities (“RMBS”), commercial mortgage-backed securities (“CMBS”), collateralized loan obligations (“CLO”) and asset-backed securities (“ABS”). 

The investment objective of MBSF is current income. The Fund is an actively managed exchange-traded fund. It seeks to provide current income by investing primarily in floating-rate residential mortgage-backed securities (“RMBS”). The Fund provides exposure to liquid, floating-rate, agency RMBS - which are securities issued, secured, or collateralized by government-sponsored entities and backed by residential mortgages. Generates current income through floating-rate coupons that reset monthly and it seeks to deliver higher yields than traditional fixed income and cash products while aiming to minimize credit risk.

The investment objective of GINX is to seek income. The Fund is an actively-managed exchange-traded fund (“ETF”) and seeks to achieve its objective by (1) actively investing in global companies that offer dividend income and that trade on U.S. stock exchanges and (2) investing in options strategies that seek to generate current income. The Fund uses an actively traded put and call options strategy that choose deep out-of-the money strike prices generally expiring within 1-7 days to generate income.

USDX seeks to generate current income and enhanced yield by utilizing a diversified portfolio of higher-yielding, high quality short-term money market instruments and ultra- short-term options strategies. Emphasizing reduced volatility through disciplined value investment, our goal is to outperform and receive higher dividend yields when compared to the underlying indices. The Fund uses an actively traded put and call options strategy that chooses deep out of the money strike prices generally expiring within 1-7 days to generate income.