SPKX | ConvexityShares

For traders and sophisticated investors who seek to take advantage of changes in volatility in broad based equities, SPKX offers exposure to a daily long rolling position in the SPIKES® Futures contracts.

Investment Objective: The SPKX Fund seeks investment results (before fees and expenses) that match the performance of the SPIKES Futures Short-Term Index.

The Fund present significant risks not applicable to other types of funds, including risks relating to investing in SPIKES futures contracts. The Fund tracks the T3 SPIKE Front 2 Futures Index and is not benchmarked to the SPIKES Index. The T3 SPIKE Front 2 Futures Index and the SPIKES Index are two separate indexes and can be expected to perform very differently. The fund may not be appropriate for all investors. The Fund’s investments may be illiquid and/or highly volatile and the Fund may experience large losses from buying, selling or holding such investments. An investor in any of the Fund could potentially lose the full principal value of his/her investment within a single day. Shareholders who invest in the Fund should actively manage and monitor their investments, as frequently as daily.

FUND SUMMARY

Fund Inception

2022-08-15

Trading Symbol

SPKX

Intraday Symbol

SPKX.IV

Bloomberg Index Symbol

SPKSTID

CUSIP

21258A201

Exchange

NYSE ARCA

Net Assets

Expense Ratio¹

0.65%

¹Expense ratio does not include brokerage commissions and related fees paid by the fund.

Fund Prices

As of TBD

FUND NAME

1x SPIKES Futures ETF

NAV

NAV PRICE CHANGE

XXX

MEDIAN BID/ASK SPREAD (30 DAY) (%)

XXX

SYMBOL

SPKX

MARKET PRICE CLOSE

XXX

MARKET PRICE CHANGES

XXX

PREMIUM/DISCOUNT (%)

XXX

The net asset value is calculated by taking the current market value of a Fund’s total assets (after the close of NYSE Arca), subtracting any liabilities and dividing that total by the total number of outstanding shares.

Month End Performance

Updated TBD	NAV%*	MARKET VALUE%**
CUMULATIVE
1 Month	XXX	XXX
3 Months	XXX	XXX
6 Months	XXX	XXX
YTD	XXX	XXX
Since Inception Cumulative	XXX	XXX

ANNUAL
1 Year	XXX	XXX
3 Year	XXX	XXX
5 Year	XXX	XXX
Since Inception Annualized	XXX	XXX

Quarter End Performance

Updated TBD	NAV%*	MARKET VALUE%**
CUMULATIVE
1 Month	XXX	XXX
3 Months	XXX	XXX
6 Months	XXX	XXX
YTD	XXX	XXX
Since Inception Cumulative	XXX	XXX

ANNUAL
1 Year	XXX	XXX
3 Year	XXX	XXX
5 Year	XXX	XXX
Since Inception Annualized	XXX	XXX

*NAV: "Net Asset Value" is a measure the value of the ETF. The NAV per unit is: (Total Assets-Liabilities)/(Shares Outstanding). The Official NAV is typically a daily calculation based on the closing values of all assets where the assets are the cash and securities held by the fund.

** Market Value: The value at which a security (or anything) can be exchanged in the marketplace.

The data represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted.

Returns less than one year are not annualized.

SPIKES Futures Short-Term Index Chart (SPKF)

Download SPKF Index Methodology

The Funds are benchmarked to the T3 SPIKE Front 2 Futures Index and are not benchmarked to the SPIKES Index. The T3 SPIKE Front 2 Futures Index and the SPIKES Index are two separate indexes and can be expected to perform very differently.

SPKF Performance

SPKF Price

Prior Day Closing

Click and Drag the chart to zoom to your selection

As of

SPKX Holdings

As of TBD

DESCRIPTION	% HOLDINGS	MARKET VALUE ($)	POSITION

Fund holdings and sector allocations are subject to change at any time and should not be considered recommendations to buy or sell any security.

Investor Resources

Prospectus

Investment Case

ConvexityShares Overview

FAQ

See all documents

The Fund is not a mutual fund or any other type of investment company within the meaning of the Investment Company Act of 1940, as amended, and is not subject to regulation thereunder.

Please read the prospectus carefully before investing. To obtain a current prospectus visit the link above.

The Funds may be highly volatile and generally are intended for short-term investment purposes only. Investors cannot directly invest in an index.

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Important Information

An investor should only consider an investment in a Fund if he or she understands the consequences of seeking exposure to SPIKES futures contracts. The Funds are benchmarked to the T3 SPIKE Front 2 Futures Index (the “SPIKES Futures Short-Term Index”); the Funds are not benchmarked to the SPIKES Volatility Index.

The use of leverage present significant risks not applicable to other types of funds and may be illiquid and/or highly volatile. They seek daily goals and should not be expected to track the underlying index over periods longer than one day. The funds are not suitable for all investors and should only consider an investment in the funds if he or she understands the consequences of seeking daily leveraged results and the impact of compounding and who intends to actively monitor their investments.

The SPIKES Futures Short-Term Index consists of short-term SPIKES Futures contracts. As such, the performance of the Index can be expected to be very different from the actual volatility of SPY or the performance of the SPIKES Volatility Index. As a result, the performance of the Funds also can be expected to be very different from the actual volatility of SPY or the performance of the SPIKES Volatility Index, or the performance of one-and-a-half times (1.5x) of the actual volatility of SPY or the performance of one-and-a-half times (1.5x) the SPIKES Volatility Index. Nonetheless, the Index and the Funds would be expected to underperform in less volatile markets than in more volatile markets. If the Index declines by more than 66.67% on a given trading day, the Leveraged Fund’s investors would lose all of their money. This would be the case with any such single day movements in the Index, even if the Index maintains a level greater than zero at all times.

Unlike certain other asset classes that, in general, have historically increased in price over long periods of time, the volatility of SPY as measured by the SPIKES Volatility Index has historically reverted to a long-term average level over time. This means that the potential upside of an investment in a Fund may be limited. In addition, gains, if any, may be subject to significant and unexpected reversals. Investors holding Shares of the Funds beyond short-term periods have an increased risk of losing all or a substantial portion of their investment. The Funds generally are intended to be used only for short-term investment horizons. Shareholders who invest in the Funds should actively manage and monitor their investments, as frequently as daily.

In the event that the MGEX (Minneapolis Grain Exchange) Order is deemed unlawful, the SPIKES futures contracts could be deemed to be “securities” and fall within the definition under the Investment Company Act of 1940.

Futures may be affected by Backwardation: a market condition in which a futures price is lower in the distant delivery months than in the near delivery months. As a result, the fund may benefit because it would be selling more expensive contracts and buying less expensive ones on an ongoing basis; and Contango: A condition in which distant delivery prices for futures exceeds spot prices, often due to costs of storing and inuring the underlying commodity. Opposite of backwardation. As a result, the Fund’s total return may be lower than might otherwise be the case because it would be selling less expensive contracts and buying more expensive ones.

Daily compounding of the Leveraged Fund’s investment returns can dramatically and adversely affect its long-term performance, especially during periods of high volatility. Volatility has a negative impact on a Fund’s performance and may be at least as important to the Fund’s return for a period as the return of the Fund’s underlying Index. An investor in any of the funds could potentially lose the full principal value of his/her investment within a single day.

Investors should consider the investment objectives, risks, charges, and expenses carefully before investing. For a prospectus with this and other information about the Fund, please email info@convexityshares.com or download a prospectus by clicking here. Read the prospectus carefully before investing.

Foreside Fund Services, LLC is the Marketing Agent to the ConvexityShares SPIKES Futures ETFs.