The fund is an actively managed exchange-traded fund (“ETF”) that seeks to provide exposure to Tesla, Inc. through a structured “convexity” investment approach (a strategy designed to maximize upside). The fund’s investment strategy is built to seek to capture potential gains in TSLA stock while using derivatives to potentially increase returns when TSLA stock performs well, allowing for greater return potential compared to a direct investment in TSLA stock. The fund is non-diversified.
