AAPW

AAPW aims to combine weekly income and modest enhanced exposure to the weekly price performance of AAPL stock. The fund invests in total return swap agreements and AAPL common stock that in aggregate will return approximately 120% of the calendar week return of AAPL shares. Aside from providing 1.2x leveraged single-stock exposure, the fund will make weekly distribution payments to shareholders. It also invests in short-term US Treasurys and money market funds for collateral. Unlike traditional ETFs, AAPW introduces added volatility due to its lack of diversification and use of leverage. Investors should note that an investment in the fund is not an investment in the underlying stock. The strategy is subject to all potential losses if AAPL shares depreciate. The fund may lose all of its value if AAPL's share price decreases by 83.33% over the course of a week. The fund is a short-term tactical tool, meaning it is designed for investors with a high-risk tolerance and a short-term outlook.