MEMY

The Fund is an actively managed ETF that invests at least 80% of its net assets in select securities that the Adviser characterizes as "Meme Stocks". A Meme Stock is a stock that gains popularity among retail investors through social media. The popularity of Meme Stocks is generally based on internet memes shared among traders, on platforms such as Reddit's r/wallstreetbets. Investors in such stocks are often young and inexperienced investors. The Adviser employs a two-part process to identify potential Meme Stocks: Social Media & Retail Sentiment Monitoring and Volatility & Options Market Analysis. The Fund will generally hold between 15 and 30 Meme Stocks at any given time. The Meme Stocks may include companies of any market capitalization and from any industry sector, but will primarily be U.S.-listed operating companies. The Fund may also hold shares of ETFs or other exchange-traded products that have significant holdings in meme stocks. The Fund will gain exposure to its Meme Stocks either through direct holdings or synthetically, depending on cost and liquidity considerations.