IREZ

The Tradr 2X Short IREN Daily ETF (the "Fund") seeks daily inverse leveraged investment results and is very different from most other exchange-traded funds ("ETFs"). As a result, the Fund may be riskier than alternatives that do not use leverage because the Fund's objective is to magnify the inverse (-200%) daily performance of the common shares of IREN Limited (Nasdaq: IREN) ("IREN"). The return for investors that invest for periods longer or shorter than a single trading day should not be expected to be -200% of the performance of IREN for the period. The return of the Fund for a period longer than a single trading day will be the result of each trading day's compounded return over the period, which will very likely differ from -200% of the return of IREN for that period. Shorter holding periods, higher volatility of IREN and leverage increase the impact of compounding on an investor's returns. During periods of higher IREN volatility, the volatility of IREN may affect the Fund's return as much as, or more than, the return of IREN.