TSII

TSII utilizes a leveraged investment strategy that seeks to provide targeted daily leveraged investment results between 105% and 150% notional exposure to the common stock of Tesla, Inc. (NASDAQ: TSLA) ("TSLA") for a single day. A "single day" is measured from the time the Fund calculates its net asset value ("NAV") to the time of the Fund's next NAV calculation. Because the Fund seeks daily leveraged investment results, it is very different from most other exchangetraded funds. As a result, the Fund may be riskier than alternatives that do not use leverage. The return for investors that invest for periods longer or shorter than a trading day should not be expected to be between 105% and 150% of the performance of TSLA for the period. The return of the Fund for a period longer than a trading day will be the result of each trading day's compounded return over the period, which will very likely differ from between 105% and 150% of the return of TSLA over the same period. Longer holding periods, higher volatility of TSLA and leverage increase the impact of compounding on an investor's returns. During periods of higher underlying stock volatility, the volatility of TSLA may affect the Fund's return as much as, or more than, the return of TSLA.