XSPI

The Fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by: (i) investing in a portfolio of stocks that make up the S&P 500 Index (the "S&P 500" or the "Reference Index") and utilizing a call options strategy, which primarily consists of writing (selling) call options on the Reference Index ("SPX call options") to provide high monthly income; and (ii) "boosting" (i.e., obtaining additional) the Fund's long exposure to the Reference Index by utilizing a synthetic options strategy and "boosting" the monthly income earned for the Fund by writing (selling) additional SPX call options. The Fund's exposure to the underlying strategies of SPYI, combined with the boost from the additional long exposure to the S&P 500 through a synthetic options strategy and the additional income through a synthetic SPX covered call strategy, is designed to provide the Fund with investment exposure equal to approximately 150% of SPYI.