Q3 All-Season Tactical Advantage ETF

Cboe: QTAC

Listed December 16, 2025

the Fund invests primarily in a combination of futures contracts on U.S. equity indexes (Indexes), such as the S&P 500 Index and the NASDAQ 100 Index (Index Futures), leveraged U.S. equity and fixed-income index ETFs (Index ETFs), as well as money market funds or other cash equivalents, U.S. Treasury securities, and short-term bonds (Fixed Income Investments). The percentage of the Funds net assets invested in Index Futures may fluctuate over time but under normal circumstances is generally expected to represent approximately 10% of the Funds net assets based on mark-to-market values. However, the Funds notional exposure from a combination of Index Futures and Index ETFs may at times be up to +150%/-150% of the Funds net assets due to the use of leverage. Leveraged positions will be taken when certain Signals (examples of which are defined below) indicate sufficient strength or weakness in the Indexes is present. The stronger the Signals, the more leverage will be used. Under normal circumstances, the balance of the Funds net assets generally will be invested in Fixed Income Investments in an effort to generate income for the Fund and as collateral for the Index Futures. Fixed Income Investments which the Fund holds may comprise a significant percentage (including 100%) of the Funds portfolio during the times when the Adviser determines, based on the process described below, that U.S. equity markets are unattractive for either short or long-term investment.