AXS Investments

Leveraged ETFs are riskier than alternatives which do not use leverage and are not suitable for investors. They seek daily goals and should not be expected to track the underlying index over periods longer than one day. They are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk and who actively manage their investments. SARK should be used only by knowledgeable investors, such as traders and active investors employing dynamic strategies, who understand the consequences of seeking daily inverse (-1x) investment results, including the impact of compounding on Fund performance. Investors should intend to actively monitor their investments as frequently as daily. An investor in the Fund could potentially lose the full principal value of their investment within a single day.