volt Crypto industry Revolution & Tech ETF
As of -
Gross Expense Ratio - 0.85%
Inception Date - 10/27/21
As of -
Bitcoin Industry Revolution Companies – The Fund defines companies with exposure to bitcoin as “Bitcoin Industry Revolution Companies”, which are domestic and foreign (including American Depository Receipts (“ADRs”)) companies that: (i) hold a majority of their net assets in bitcoin on their balance sheet as can be reasonably determined by the company’s annual filings (e.g. filings on Form 10k or foreign equivalents) from the past 12 months; and/or (ii) derive a majority of their revenue or profits directly from mining, lending, transacting in bitcoin, or manufacturing bitcoin mining equipment as can be reasonably determined by the company’s annual filings from the past 12 months. The Bitcoin Industry Revolution Companies noted in (i) above will not include Canadian ETFs, private funds, or GBTC.
Options Overlay – The Advisor applies an option overlay strategy to the Fund’s equity investments.
Investors should consider the investment objectives, risks, charges, and expenses of the Fund before investing. The prospectus contains this and other information about the Fund. A copy of the prospectus is available at voltfunds.com or by calling Shareholder Services at 800-773-3863. The prospectus should be read carefully before investing. Current and future holdings are subject to change and risk.
The fund's investment objective is to seek capital appreciation.
An investment in the Volt Crypto Industry Revolution and Tech ETF is subject to investment risks, including the possible loss of some or the entire principal amount invested. There can be no assurance that the Fund will be successful in meeting its investment objective. Investment in the Fund is also subject to the following risks (among others): Bitcoin Exposure Risk: The companies in which the Fund invests and the Fund's indirect investment in bitcoin remain subject to volatility experienced by the cryptocurrency exchanges and other cryptocurrency trading venues. Such volatility can adversely affect an investment in the Fund. Option Risk: As the buyer of a put or call option, the Fund risks losing the entire premium invested in the option if the Fund does not exercise the option. Single Issuer Investment Risk. The Fund focuses its assets (i.e., invests up to 25% of its assets)in securities of a single issuer and, as a result, the Fund may be subject to greater volatility with respect to its portfolio securities than a Fund that is more broadly diversified. More information about these risks and others can be found in the Fund's prospectus.
Cryptocurrencies are digital assets designed to act as a medium of exchange. Cryptocurrency is an emerging asset class. There are thousands of cryptocurrencies, the most well-known of which is bitcoin. Cryptocurrency generally operates without central authority (such as a bank) and is not backed by any government. Cryptocurrency is not legal tender. Federal, state and/or foreign governments may restrict the use and exchange of cryptocurrency, and regulation in the United States is still developing. The market price of bitcoin has been subject to extreme fluctuations. If cryptocurrency markets continue to be subject to sharp fluctuations, the Fund’s shareholders may experience losses. Similar to fiat currencies (i.e., a currency that is backed by a central bank or a national, supra-national or quasi-national organization), cryptocurrencies are susceptible to theft, loss and destruction. Cryptocurrency exchanges and other trading venues on which cryptocurrencies trade are relatively new and, in most cases, largely unregulated and may therefore be more exposed to fraud and failure than established, regulated exchanges for securities, derivatives and other currencies. The companies in which the Fund invests and the Fund’s indirect investment in bitcoin remain subject to volatility experienced by the cryptocurrency exchanges and other cryptocurrency trading venues. Such volatility can adversely affect an investment in the Fund.
Options are a derivative investment. The use of derivative instruments involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. These risks include the risk that the counterparty to a derivative transaction may not fulfill its contractual obligations; risk of mispricing or improper valuation; and the risk that changes in the value of the derivative may not correlate perfectly with the underlying asset, rate or index.
An investment in companies actively engaged with blockchain technology (which underpins bitcoin and the Bitcoin network) may be subject to the following risks: (i) the technology is new and many of its uses may be untested and a lack of expansion in the usage of blockchain technology could adversely affect an investment in the Fund; (ii) theft, loss or destruction of private or public keys needed to transact on a blockchain could impair the value of ownership claims users have over the relevant assets being represented by the ledger and it could adversely affect a company’s business or operations; (iii) the development and acceptance of competing platforms or technologies may cause consumers or investors to use an alternative to blockchains; (iv) cyber security incidents may compromise an issuer, its operations or its business. They may also specifically target a user’s transaction history, digital assets, or identity, thereby leading to privacy concerns; (v) blockchain technology may never develop optimized transactional processes that lead to realized economic returns for any company in which the Fund invests; (vi) the possibility of conflicting intellectual property claims could be a risk to an issuer, its operations or its business. Regardless of the merit of any intellectual property or other legal action, any threatened action that reduces confidence in the viability of blockchain may adversely affect an investment in the Fund; (vii) lack of liquid markets, and possible manipulation of blockchain-based assets; (viii) digital commodities are largely unregulated and the regulatory environment is rapidly evolving. As a result, companies engaged in such blockchain activities may be exposed to adverse regulatory action, fraudulent activity or even failure; (ix) third party product defects or vulnerabilities; (x) the blockchain functionality relies on the Internet and a significant disruption of Internet connectivity affecting large numbers of users or geographic areas could impede the functionality of blockchain technologies and adversely affect the Fund; and (xi) some of the companies in which the Fund may invest are engaged in other lines of business unrelated to blockchain and these lines of business could adversely affect their operating results.
The Volt Crypto Industry Revolution and Tech ETF is distributed by Capital Investment Group, Inc., Member FINRA/SIPC, 100 E. Six Forks Road, Suite 200, Raleigh, North Carolina 27609. There is no affiliation between Volt Equity, LLC, including their principals, and Capital Investment Group, Inc.