This semi-annual shareholder report contains important information about the T-REX 2X Long CRWV Daily Target ETF for the period of January 1, 2026 to June 30, 2026.

You can ﬁnd additional information about the Fund at www.rexshares.com/crwu/. You can also request this information by contacting us at (833) 759-6110.

(833) 759-6110

Advisory Fees Paid, Amount

What were the Fund costs for the past six months?

(based on a hypothetical $10,000 investment)

Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
T-REX 2X Long CRWV Daily Target Etf	$82	1.50%¹

¹ Annualized.

Expense Ratio, Percent

1.50%

^[1]

Net Assets

$ 36,666,304

$ 192,913

Additional Fund Statistics [Text Block]

Key Fund Statistics

(as of June 30, 2026)

Fund Net Assets	$36,666,304
Number of Holdings	2
Total Net Advisory Fee	$192,913
Portfolio Turnover Rate	0.00%

Exposure Basis Explanation [Text Block]

Market Exposure

Total Return Swap Contracts: 200.00%

“Market Exposure" includes the values of total investments (including the contract value of any derivatives) and excludes any short-term investments.

Fund Name

T-REX 2X INVERSE CRWV DAILY TARGET ETF

Trading Symbol

CORD

This semi-annual shareholder report contains important information about the T-REX 2X Inverse CRWV Daily Target ETF for the period of January 1, 2026 to June 30, 2026.

Additional Information Website

You can ﬁnd additional information about the Fund at www.rexshares.com/cord/. You can also request this information by contacting us at (833) 759-6110.

www.rexshares.com/cord/

Expenses Paid, Amount

$ 42

Net Assets

$ 16,873,145

Advisory Fees Paid, Amount

$ 126,253

Additional Fund Statistics [Text Block]

Key Fund Statistics

(as of June 30, 2026)

Fund Net Assets	$16,873,145
Number of Holdings	4
Total Net Advisory Fee	$126,253
Portfolio Turnover Rate	0.00%

Exposure Basis Explanation [Text Block]

Market Exposure

Total Return Swap Contracts: -200.00%

“Market Exposure” includes the values of total investments (including the contract value of any derivatives) and excludes any short-term investments.

Shareholder Report [Line Items]

Class Name

T-REX 2X Long CRCL Daily Target ETF

Security Exchange Name

CboeBZX

Shareholder Report Annual or Semi-Annual

semi-annual shareholder report

Material Fund Change Notice [Text Block]

This report describes changes to the Fund that occurred during the reporting period.

Additional Information Website

www.rexshares.com/ccup/

Expenses Paid, Amount

$ 50

Material Change Date

Jul. 31, 2026

Holdings Count

2

Investment Company, Portfolio Turnover

0.00%

Holdings [Text Block]

What did the Fund invest in?

(% of Net Assets as of June 30, 2026)

Market Exposure

Total Return Swap Contracts: 200.00%

“Market Exposure” includes the values of total investments (including the contract value of any derivatives) and excludes any short-term investments.

Portfolio Composition

Cash	111.17%
Other Assets Net of Liabilities	21.51%
Money Market Fund	2.40%
Derivatives	-35.08%

Material Fund Change [Text Block]

Material Changes

Stock Split

On July 31, 2026, the Board of Trustees approved a 1-for-10 reverse stock split for the Fund. The reverse stock split was effectuated after the close of trading on August 21, 2026, and shares of the Fund began trading on a split-adjusted basis on August 24, 2026. The Creation Unit size remained at 10,000 shares per unit.

Shareholder Report [Line Items]

Class Name

T-REX 2X Inverse CRCL DAILY TARGET ETF

Security Exchange Name

CboeBZX

Shareholder Report Annual or Semi-Annual

semi-annual shareholder report

(833) 759-6110

Investment Company, Portfolio Turnover

What were the Fund costs for the past six months?

(based on a hypothetical $10,000 investment)

Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
T-REX 2X Inverse CRCL Daily Target ETF	$45	1.50%1

¹ Annualized.

Expense Ratio, Percent

1.50%

^[4]

Holdings Count

3

0.00%

Holdings [Text Block]

What did the Fund invest in?

(% of Net Assets as of June 30, 2026)

Market Exposure

Total Return Swap Contracts: -200.00%

“Market Exposure” includes the values of total investments (including the contract value of any derivatives) and excludes any short-term investments.

Portfolio Composition

Cash	66.77%
Derivatives	33.00%
Money Market Fund	2.80%
Liabilities in Excess of Other Assets	-2.57%

Fund Name

T-REX 2X LONG SMR DAILY TARGET ETF

Trading Symbol

SMUP

This semi-annual shareholder report contains important information about the T-REX 2X Long SMR Daily Target ETF for the period of January 1, 2026 to June 30, 2026.

You can ﬁnd additional information about the Fund at www.rexshares.com/smup/. You can also request this information by contacting us at (833) 759-6110.

(833) 759-6110

Advisory Fees Paid, Amount

What were the Fund costs for the past six months?

(based on a hypothetical $10,000 investment)

Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
T-REX 2X Long SMR Daily Target ETF	$51	1.59%1,2

¹ Annualized.

2 Ratio of expenses, excluding excise tax expense, would have been 1.50%

Expense Ratio, Percent

1.59%

^[5],[6]

Net Assets

$ 13,441,934

$ 97,458

Additional Fund Statistics [Text Block]

Key Fund Statistics

(as of June 30, 2026)

Fund Net Assets	$13,441,934
Number of Holdings	2
Total Net Advisory Fee	$97,458
Portfolio Turnover Rate	0.00%

Exposure Basis Explanation [Text Block]

Market Exposure

Total Return Swap Contracts: 200.00%

“Market Exposure” includes the values of total investments (including the contract value of any derivatives) and excludes any short-term investments.

Fund Name

T-REX 2X Long BMNR Daily Target ETF

Trading Symbol

BMNU

This semi-annual shareholder report contains important information about the T-REX 2X Long BMNR Daily Target ETF for the period of January 1, 2026 to June 30, 2026.

You can ﬁnd additional information about the Fund at www.rexshares.com/bmnu/. You can also request this information by contacting us at (833) 759-6110.

(833) 759-6110