0001396092 2026-01-01 2026-06-30 0001396092 ck0001396092:C000248719Member 2026-01-01 2026-06-30 0001396092 ck0001396092:C000248719Member 2026-06-30 0001396092 ck0001396092:TotalReturnSwapContractsMember ck0001396092:C000248719Member 2026-06-30 0001396092 ck0001396092:CashCompositionMember ck0001396092:C000248719Member 2026-06-30 0001396092 ck0001396092:MoneyMarketFundMember ck0001396092:C000248719Member 2026-06-30 0001396092 ck0001396092:LiabilitiesInExcessOfOtherAssetsMember ck0001396092:C000248719Member 2026-06-30 0001396092 ck0001396092:DerivativesMember ck0001396092:C000248719Member 2026-06-30 0001396092 ck0001396092:C000248718Member 2026-01-01 2026-06-30 0001396092 ck0001396092:C000248718Member 2026-06-30 0001396092 ck0001396092:TotalReturnSwapContractsMember ck0001396092:C000248718Member 2026-06-30 0001396092 ck0001396092:CashCompositionMember ck0001396092:C000248718Member 2026-06-30 0001396092 ck0001396092:MoneyMarketFundMember ck0001396092:C000248718Member 2026-06-30 0001396092 ck0001396092:DerivativesMember ck0001396092:C000248718Member 2026-06-30 0001396092 ck0001396092:LiabilitiesInExcessOfOtherAssetsMember ck0001396092:C000248718Member 2026-06-30 0001396092 ck0001396092:C000252165Member 2026-01-01 2026-06-30 0001396092 ck0001396092:C000252165Member 2026-06-30 0001396092 ck0001396092:TotalReturnSwapContractsMember ck0001396092:C000252165Member 2026-06-30 0001396092 ck0001396092:CashCompositionMember ck0001396092:C000252165Member 2026-06-30 0001396092 ck0001396092:MoneyMarketFundMember ck0001396092:C000252165Member 2026-06-30 0001396092 ck0001396092:DerivativesMember ck0001396092:C000252165Member 2026-06-30 0001396092 ck0001396092:LiabilitiesInExcessOfOtherAssetsMember ck0001396092:C000252165Member 2026-06-30 iso4217:USD pure World Funds Trust 2026-06-30 T-REX 2X Long Bitcoin Daily Target ETF T-REX 2X Long Bitcoin Daily Target ETF BTCL CboeBZX This semi-annual shareholder report contains important information about the T-REX 2X Long Bitcoin Daily Target ETF for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Fund at www.rexshares.com/btcl/. You can also request this information by contacting us at (833) 759-6110. www.rexshares.com/btcl/ (833) 759-6110 <p class="H1" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Bold, sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:1;page-break-after:avoid;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-top:4pt;margin-top:4pt;"><span class="Bold" style="font-style:normal;font-weight:bold;color:#231f20;font-size:11pt;">What were the Fund costs for the past six months?</span></p><p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:2pt;margin-top:1.8pt;"><span class="CharOverride-7" style="color:#504f4f;">(based on a hypothetical $10,000 investment)</span></p><table class="NOGUTTER" style="width: 100.0%; border-collapse: collapse; border: 0px solid #000; border-width: 0pt; margin: 10pt 0 3pt 0;"> <tr class="NOGUTTER _idGenTableRowColumn-7"> <td class="NOGUTTER CellOverride-4" style="border-bottom-color:#504f4f;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-style:none;border-top-width:0pt;padding-bottom:4pt;padding-left:0pt;padding-right:0pt;padding-top:2pt;vertical-align:middle;width: 33.33%; padding: 0in 0in 3px 0in;border-width: 0pt;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="middle"> <p class="TCH_left" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Bold, sans-serif;font-size:8pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-left:1pt;"><span class="Bold" style="font-style:normal;font-weight:bold;color:#231f20;">Fund Name</span></p> </td> <td class="NOGUTTER CellOverride-4" style="border-bottom-color:#504f4f;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-style:none;border-top-width:0pt;padding-bottom:4pt;padding-left:0pt;padding-right:0pt;padding-top:2pt;vertical-align:middle;width: 33.33%; padding: 0in 0in 3px 0in;border-width: 0pt;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="middle"> <p class="TCH" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Bold, sans-serif;font-size:8pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:center;text-indent:0;widows:1;"><span class="Bold" style="font-style:normal;font-weight:bold;color:#231f20;">Costs of a $10,000 investment</span></p> </td> <td class="NOGUTTER CellOverride-4" style="border-bottom-color:#504f4f;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-style:none;border-top-width:0pt;padding-bottom:4pt;padding-left:0pt;padding-right:0pt;padding-top:2pt;vertical-align:middle;width: 33.33%; padding: 0in 0in 3px 0in;border-width: 0pt;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="middle"> <p class="TCH" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Bold, sans-serif;font-size:8pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:center;text-indent:0;widows:1;"><span class="Bold" style="font-style:normal;font-weight:bold;color:#231f20;">Costs paid as a percentage of a $10,000 investment</span></p> </td> </tr> <tr class="NOGUTTER _idGenTableRowColumn-8"> <td class="NOGUTTER CellOverride-5" style="border-bottom-color:#000000;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-bottom:3pt;padding-left:0pt;padding-right:0pt;padding-top:2pt;vertical-align:middle;width: 33.33%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="middle"> <p class="Tbody" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Medium, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-left:1pt;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">T-REX 2X Long Bitcoin Daily Target ETF</span></p> </td> <td class="NOGUTTER CellOverride-5" style="border-bottom-color:#000000;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-bottom:3pt;padding-left:0pt;padding-right:0pt;padding-top:2pt;vertical-align:middle;width: 33.33%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="middle"> <p class="Tbody_centeralign" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:center;text-indent:0;widows:1;margin-right:5pt;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">$32</span></p> </td> <td class="NOGUTTER CellOverride-5" style="border-bottom-color:#000000;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-bottom:3pt;padding-left:0pt;padding-right:0pt;padding-top:2pt;vertical-align:middle;width: 33.33%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="middle"> <p class="Tbody_rightalign-bracket-" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-top:3pt;text-align:center;"><span class="CharOverride-7" style="color:#504f4f;">0.95%</span><span class="CharOverride-9" style="color:#504f4f;font-size:58%;vertical-align:super;">1</span></p> </td> </tr> </table><p class="Tablefootnote_m" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:8pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:11pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:7pt;margin-top:7pt;"><span class="CharOverride-7" style="color:#504f4f;">¹ Annualized.</span></p> 32 0.0095 <p class="H1" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Bold, sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:1;page-break-after:avoid;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-top:4pt;margin-top:4pt;"><span class="Bold" style="font-style:normal;font-weight:bold;color:#231f20;font-size:13pt;">Key Fund Statistics</span></p><p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:1pt;margin-top:1pt;"><span class="CharOverride-7" style="color:#504f4f;">(as of June 30, 2026)</span></p><table class="NOGUTTER" style="width: 100.0%; border-collapse: collapse; border: 0px solid #000; border-width: 0pt; margin: 10pt 0 10pt 0;"> <tr class="NOGUTTER _idGenTableRowColumn-11"> <td class="NOGUTTER CellOverride-6" style="border-bottom-color:#000000;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-left:0pt;padding-top:2pt;width: 89.47%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Medium, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-left:1pt;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">Fund Net Assets</span></p> </td> <td class="NOGUTTER CellOverride-7" style="border-bottom-color:#504f4f;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-right:0pt;padding-top:2pt;width: 10.53%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">$19,802,827</span></p> </td> </tr> <tr class="NOGUTTER _idGenTableRowColumn-11"> <td class="NOGUTTER CellOverride-8" style="border-bottom-color:#000000;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#000000;border-top-style:solid;border-top-width:1pt;padding-left:0pt;padding-top:2pt;width: 89.47%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Medium, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-left:1pt;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">Number of Holdings</span></p> </td> <td class="NOGUTTER CellOverride-7" style="border-bottom-color:#504f4f;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-right:0pt;padding-top:2pt;width: 10.53%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">3</span></p> </td> </tr> <tr class="NOGUTTER _idGenTableRowColumn-11"> <td class="NOGUTTER CellOverride-8" style="border-bottom-color:#000000;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#000000;border-top-style:solid;border-top-width:1pt;padding-left:0pt;padding-top:2pt;width: 89.47%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Medium, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-left:1pt;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">Total Net Advisory Fee</span></p> </td> <td class="NOGUTTER CellOverride-7" style="border-bottom-color:#504f4f;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-right:0pt;padding-top:2pt;width: 10.53%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">$146,826</span></p> </td> </tr> <tr class="NOGUTTER _idGenTableRowColumn-11"> <td class="NOGUTTER CellOverride-8" style="border-bottom-color:#000000;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#000000;border-top-style:solid;border-top-width:1pt;padding-left:0pt;padding-top:2pt;width: 89.47%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Medium, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-left:1pt;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">Portfolio Turnover Rate</span></p> </td> <td class="NOGUTTER CellOverride-7" style="border-bottom-color:#504f4f;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-right:0pt;padding-top:2pt;width: 10.53%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">0.00%</span></p> </td> </tr> </table> 19802827 3 146826 0 <p class="H1" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Bold, sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:1;page-break-after:avoid;page-break-before:auto;text-align:left;text-indent:0;widows:1;page-break-after:auto;margin-top:12pt;"><span class="Bold" style="font-style:normal;font-weight:bold;color:#231f20;font-size:18pt;">What did the Fund invest in?</span></p><p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-bottom:10pt;margin-top:5pt;orphans:1;widows:1;margin-top:5pt;"><span class="CharOverride-7" style="color:#504f4f;">(% of Net Assets as of June 30, 2026)</span></p><p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:5pt;orphans:1;widows:1;margin-top:5pt;"><span class="CharOverride-12" style="color:#231f20;font-size:13pt;font-style:normal;font-weight:bold;">Market Exposure</span></p><p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:8pt;">Total Return Swap Contracts: 200.00%</p><p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;text-align:left;margin-top:8pt;"><span class="CharOverride-13" style="font-size:8pt;">“Market Exposure” includes the values of total investments (including the contract value of any derivatives) and excludes any short-term investments.</span></p><p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:4pt;margin-top:4pt;"><span class="CharOverride-12" style="color:#231f20;font-size:13pt;font-style:normal;font-weight:bold;">Portfolio Composition</span></p><table class="NOGUTTER" style="width: 100.0%; border-collapse: collapse; border: 0px solid #000; border-width: 0pt; margin: 10pt 0 10pt 0;"> <tr class="NOGUTTER _idGenTableRowColumn-11"> <td class="NOGUTTER CellOverride-9" style="border-bottom-color:#504f4f;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-bottom:3pt;padding-left:0pt;padding-top:3pt;width: 79.21%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Medium, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-left:1pt;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">Cash</span></p> </td> <td class="NOGUTTER CellOverride-10" style="border-bottom-color:#504f4f;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-bottom:3pt;padding-right:0pt;padding-top:3pt;width: 20.79%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody_rightalign-bracket-" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:1pt;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">101.11%</span></p> </td> </tr> <tr class="NOGUTTER _idGenTableRowColumn-11"> <td class="NOGUTTER CellOverride-9" style="border-bottom-color:#504f4f;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-bottom:3pt;padding-left:0pt;padding-top:3pt;width: 79.21%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Medium, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-left:1pt;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">Money Market Fund</span></p> </td> <td class="NOGUTTER CellOverride-10" style="border-bottom-color:#504f4f;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-bottom:3pt;padding-right:0pt;padding-top:3pt;width: 20.79%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody_rightalign-bracket-" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:1pt;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">10.20%</span></p> </td> </tr> <tr class="NOGUTTER _idGenTableRowColumn-11"> <td class="NOGUTTER CellOverride-9" style="border-bottom-color:#504f4f;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-bottom:3pt;padding-left:0pt;padding-top:3pt;width: 79.21%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Medium, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-left:1pt;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">Liabilities in Excess of Other Assets</span></p> </td> <td class="NOGUTTER CellOverride-10" style="border-bottom-color:#504f4f;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-bottom:3pt;padding-right:0pt;padding-top:3pt;width: 20.79%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody_rightalign-bracket-" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:1pt;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">-1.43%</span></p> </td> </tr> <tr class="NOGUTTER _idGenTableRowColumn-11"> <td class="NOGUTTER CellOverride-9" style="border-bottom-color:#504f4f;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-bottom:3pt;padding-left:0pt;padding-top:3pt;width: 79.21%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Medium, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-left:1pt;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">Derivatives</span></p> </td> <td class="NOGUTTER CellOverride-10" style="border-bottom-color:#504f4f;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-bottom:3pt;padding-right:0pt;padding-top:3pt;width: 20.79%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody_rightalign-bracket-" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:1pt;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">-9.88%</span></p> </td> </tr> </table> <p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:5pt;orphans:1;widows:1;margin-top:5pt;"><span class="CharOverride-12" style="color:#231f20;font-size:13pt;font-style:normal;font-weight:bold;">Market Exposure</span></p><p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:8pt;">Total Return Swap Contracts: 200.00%</p><p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;text-align:left;margin-top:8pt;"><span class="CharOverride-13" style="font-size:8pt;">“Market Exposure” includes the values of total investments (including the contract value of any derivatives) and excludes any short-term investments.</span></p> 2 1.0111 0.102 -0.0143 -0.0988 www.rexshares.com/btcl/ T-REX 2X Inverse Bitcoin Daily Target ETF T-REX 2X Inverse Bitcoin Daily Target ETF BTCZ CboeBZX This semi-annual shareholder report contains important information about the T-REX 2X Inverse Bitcoin Daily Target ETF for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Fund at www.rexshares.com/btcz/. You can also request this information by contacting us at (833) 759-6110. www.rexshares.com/btcz/ (833) 759-6110 <p class="H1" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Bold, sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:1;page-break-after:avoid;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-top:4pt;margin-top:4pt;"><span class="Bold" style="font-style:normal;font-weight:bold;color:#231f20;font-size:11pt;">What were the Fund costs for the past six months?</span></p><p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:2pt;margin-top:1.8pt;"><span class="CharOverride-7" style="color:#504f4f;">(based on a hypothetical $10,000 investment)</span></p><table class="NOGUTTER" style="width: 100.0%; border-collapse: collapse; border: 0px solid #000; border-width: 0pt; margin: 10pt 0 3pt 0;"> <tr class="NOGUTTER _idGenTableRowColumn-7"> <td class="NOGUTTER CellOverride-4" style="border-bottom-color:#504f4f;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-style:none;border-top-width:0pt;padding-bottom:4pt;padding-left:0pt;padding-right:0pt;padding-top:2pt;vertical-align:middle;width: 33.33%; padding: 0in 0in 3px 0in;border-width: 0pt;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="middle"> <p class="TCH_left" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Bold, sans-serif;font-size:8pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-left:1pt;"><span class="CharOverride-8" style="color:#231f20;font-style:normal;font-weight:bold;">Fund Name</span></p> </td> <td class="NOGUTTER CellOverride-4" style="border-bottom-color:#504f4f;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-style:none;border-top-width:0pt;padding-bottom:4pt;padding-left:0pt;padding-right:0pt;padding-top:2pt;vertical-align:middle;width: 33.33%; padding: 0in 0in 3px 0in;border-width: 0pt;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="middle"> <p class="TCH" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Bold, sans-serif;font-size:8pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:center;text-indent:0;widows:1;"><span class="Bold" style="font-style:normal;font-weight:bold;color:#231f20;">Costs of a $10,000 investment</span></p> </td> <td class="NOGUTTER CellOverride-4" style="border-bottom-color:#504f4f;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-style:none;border-top-width:0pt;padding-bottom:4pt;padding-left:0pt;padding-right:0pt;padding-top:2pt;vertical-align:middle;width: 33.33%; padding: 0in 0in 3px 0in;border-width: 0pt;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="middle"> <p class="TCH" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Bold, sans-serif;font-size:8pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:center;text-indent:0;widows:1;"><span class="Bold" style="font-style:normal;font-weight:bold;color:#231f20;">Costs paid as a percentage of a $10,000 investment</span></p> </td> </tr> <tr class="NOGUTTER _idGenTableRowColumn-8"> <td class="NOGUTTER CellOverride-5" style="border-bottom-color:#000000;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-bottom:3pt;padding-left:0pt;padding-right:0pt;padding-top:2pt;vertical-align:middle;width: 33.33%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="middle"> <p class="Tbody" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Medium, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-left:1pt;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">T-REX 2X Inverse Bitcoin Daily Target ETF</span></p> </td> <td class="NOGUTTER CellOverride-5" style="border-bottom-color:#000000;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-bottom:3pt;padding-left:0pt;padding-right:0pt;padding-top:2pt;vertical-align:middle;width: 33.33%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="middle"> <p class="Tbody_centeralign" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:center;text-indent:0;widows:1;margin-right:5pt;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">$66</span></p> </td> <td class="NOGUTTER CellOverride-5" style="border-bottom-color:#000000;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-bottom:3pt;padding-left:0pt;padding-right:0pt;padding-top:2pt;vertical-align:middle;width: 33.33%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="middle"> <p class="Tbody_rightalign-bracket-" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-top:3pt;text-align:center;"><span class="CharOverride-7" style="color:#504f4f;">1.04%</span><span class="CharOverride-10" style="color:#504f4f;font-size:58%;vertical-align:super;">1,2</span></p> </td> </tr> </table><p class="Tablefootnote_m" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:8pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:11pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:7pt;margin-top:7pt;"><span class="CharOverride-7" style="color:#504f4f;">¹ Ratio of expenses, excluding tax expense, would have been 0.95%.</span></p><p class="Tablefootnote_m" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:8pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:11pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:0;margin-top:0pt;">​<span class="CharOverride-10" style="color:#504f4f;font-size:58%;vertical-align:super;">2  </span><span class="CharOverride-7" style="color:#504f4f;">Annualized.</span></p> 66 0.0104 <p class="H1" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Bold, sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:1;page-break-after:avoid;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-top:4pt;margin-top:4pt;"><span class="CharOverride-11" style="color:#231f20;font-size:13pt;font-style:normal;font-weight:bold;">Key Fund Statistics</span></p><p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:1pt;margin-top:1pt;"><span class="CharOverride-7" style="color:#504f4f;">(as of June 30, 2026)</span></p><table class="NOGUTTER" style="width: 100.0%; border-collapse: collapse; border: 0px solid #000; border-width: 0pt; margin: 10pt 0 10pt 0;"> <tr class="NOGUTTER _idGenTableRowColumn-11"> <td class="NOGUTTER CellOverride-6" style="border-bottom-color:#000000;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-left:0pt;padding-top:2pt;width: 89.69%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Medium, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-left:1pt;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">Fund Net Assets</span></p> </td> <td class="NOGUTTER CellOverride-7" style="border-bottom-color:#000000;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-right:0pt;padding-top:2pt;width: 10.31%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">$28,573,648</span></p> </td> </tr> <tr class="NOGUTTER _idGenTableRowColumn-11"> <td class="NOGUTTER CellOverride-8" style="border-bottom-color:#000000;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#000000;border-top-style:solid;border-top-width:1pt;padding-left:0pt;padding-top:2pt;width: 89.69%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Medium, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-left:1pt;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">Number of Holdings</span></p> </td> <td class="NOGUTTER CellOverride-9" style="border-bottom-color:#000000;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#000000;border-top-style:solid;border-top-width:1pt;padding-right:0pt;padding-top:2pt;width: 10.31%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">2</span></p> </td> </tr> <tr class="NOGUTTER _idGenTableRowColumn-11"> <td class="NOGUTTER CellOverride-8" style="border-bottom-color:#000000;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#000000;border-top-style:solid;border-top-width:1pt;padding-left:0pt;padding-top:2pt;width: 89.69%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Medium, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-left:1pt;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">Total Net Advisory Fee</span></p> </td> <td class="NOGUTTER CellOverride-9" style="border-bottom-color:#000000;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#000000;border-top-style:solid;border-top-width:1pt;padding-right:0pt;padding-top:2pt;width: 10.31%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">$101,930</span></p> </td> </tr> <tr class="NOGUTTER _idGenTableRowColumn-11"> <td class="NOGUTTER CellOverride-8" style="border-bottom-color:#000000;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#000000;border-top-style:solid;border-top-width:1pt;padding-left:0pt;padding-top:2pt;width: 89.69%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Medium, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-left:1pt;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">Portfolio Turnover Rate</span></p> </td> <td class="NOGUTTER CellOverride-9" style="border-bottom-color:#000000;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#000000;border-top-style:solid;border-top-width:1pt;padding-right:0pt;padding-top:2pt;width: 10.31%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">0.00%</span></p> </td> </tr> </table> 28573648 2 101930 0 <p class="H1" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Bold, sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:1;page-break-after:avoid;page-break-before:auto;text-align:left;text-indent:0;widows:1;page-break-after:auto;margin-top:12pt;"><span class="CharOverride-12" style="color:#231f20;font-size:18pt;font-style:normal;font-weight:bold;">What did the Fund invest in?</span></p><p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-bottom:10pt;margin-top:5pt;orphans:1;widows:1;margin-top:5pt;"><span class="CharOverride-7" style="color:#504f4f;">(% of Net Assets as of June 30, 2026)</span></p><p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:4pt;margin-top:4pt;"><span class="CharOverride-11" style="color:#231f20;font-size:13pt;font-style:normal;font-weight:bold;">Market Exposure</span></p><p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;text-align:left;margin-top:8pt;">Total Return Swap Contracts: <span class="nobreak"><span style="-sec-ix-hidden: hidden-fact-1">-200</span></span>.00%</p><p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;text-align:left;margin-top:8pt;"><span class="CharOverride-13" style="font-size:8pt;">"Market Exposure" includes the values of total investments (including the contract value of any derivatives) and excludes any short-term investments.</span></p><p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:4pt;margin-top:4pt;"><span class="CharOverride-11" style="color:#231f20;font-size:13pt;font-style:normal;font-weight:bold;">Portfolio Composition</span></p><table class="NOGUTTER" style="width: 100.0%; border-collapse: collapse; border: 0px solid #000; border-width: 0pt; margin: 10pt 0 10pt 0;"> <tr class="NOGUTTER _idGenTableRowColumn-11"> <td class="NOGUTTER CellOverride-10" style="border-bottom-color:#000000;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-bottom:3pt;padding-left:0pt;padding-top:3pt;width: 79.21%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Medium, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-left:1pt;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">Cash</span></p> </td> <td class="NOGUTTER CellOverride-11" style="border-bottom-color:#000000;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-bottom:3pt;padding-right:0pt;padding-top:3pt;width: 20.79%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody_rightalign-bracket-" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:1pt;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">90.92%</span></p> </td> </tr> <tr class="NOGUTTER _idGenTableRowColumn-11"> <td class="NOGUTTER CellOverride-12" style="border-bottom-color:#000000;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#000000;border-top-style:solid;border-top-width:1pt;padding-bottom:3pt;padding-left:0pt;padding-top:3pt;width: 79.21%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Medium, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-left:1pt;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">Money Market Fund</span></p> </td> <td class="NOGUTTER CellOverride-13" style="border-bottom-color:#000000;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#000000;border-top-style:solid;border-top-width:1pt;padding-bottom:3pt;padding-right:0pt;padding-top:3pt;width: 20.79%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody_rightalign-bracket-" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:1pt;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">10.09%</span></p> </td> </tr> <tr class="NOGUTTER _idGenTableRowColumn-11"> <td class="NOGUTTER CellOverride-12" style="border-bottom-color:#000000;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#000000;border-top-style:solid;border-top-width:1pt;padding-bottom:3pt;padding-left:0pt;padding-top:3pt;width: 79.21%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Medium, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-left:1pt;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">Derivatives</span></p> </td> <td class="NOGUTTER CellOverride-13" style="border-bottom-color:#000000;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#000000;border-top-style:solid;border-top-width:1pt;padding-bottom:3pt;padding-right:0pt;padding-top:3pt;width: 20.79%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody_rightalign-bracket-" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:1pt;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">3.27%</span></p> </td> </tr> <tr class="NOGUTTER _idGenTableRowColumn-11"> <td class="NOGUTTER CellOverride-12" style="border-bottom-color:#000000;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#000000;border-top-style:solid;border-top-width:1pt;padding-bottom:3pt;padding-left:0pt;padding-top:3pt;width: 79.21%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Medium, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-left:1pt;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">Liabilities in Excess of Other Assets</span></p> </td> <td class="NOGUTTER CellOverride-13" style="border-bottom-color:#000000;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#000000;border-top-style:solid;border-top-width:1pt;padding-bottom:3pt;padding-right:0pt;padding-top:3pt;width: 20.79%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody_rightalign-bracket-" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:1pt;margin-top:3pt;"><span class="CharOverride-7" style="color:#504f4f;">-4.28%</span></p> </td> </tr> </table> <p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:4pt;margin-top:4pt;"><span class="CharOverride-11" style="color:#231f20;font-size:13pt;font-style:normal;font-weight:bold;">Market Exposure</span></p><p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;text-align:left;margin-top:8pt;">Total Return Swap Contracts: <span class="nobreak"><span style="-sec-ix-hidden: hidden-fact-1">-200</span></span>.00%</p><p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;text-align:left;margin-top:8pt;"><span class="CharOverride-13" style="font-size:8pt;">"Market Exposure" includes the values of total investments (including the contract value of any derivatives) and excludes any short-term investments.</span></p> 0.9092 0.1009 0.0327 -0.0428 www.rexshares.com/btcz/ T-REX 2X Long Ether Daily Target ETF T-REX 2X Long Ether Daily Target ETF ETU CboeBZX This semi-annual shareholder report contains important information about the T-REX 2X Long Ether Daily Target ETF for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Fund at www.rexshares.com/etu/. You can also request this information by contacting us at (833) 759-6110. www.rexshares.com/etu/ (833) 759-6110 <p class="H1" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Bold, sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:1;page-break-after:avoid;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-top:4pt;margin-top:4pt;"><span class="Bold" style="font-style:normal;font-weight:bold;color:#231f20;font-size:11pt;">What were the Fund costs for the past six months?</span></p><p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:2pt;margin-top:1.8pt;"><span class="CharOverride-6" style="color:#504f4f;">(based on a hypothetical $10,000 investment)</span></p><table class="NOGUTTER" style="width: 100.0%; border-collapse: collapse; border: 0px solid #000; border-width: 0pt; margin: 10pt 0 3pt 0;"> <tr class="NOGUTTER _idGenTableRowColumn-7"> <td class="NOGUTTER CellOverride-4" style="border-bottom-color:#504f4f;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-style:none;border-top-width:0pt;padding-bottom:4pt;padding-left:0pt;padding-right:0pt;padding-top:2pt;vertical-align:middle;width: 33.33%; padding: 0in 0in 3px 0in;border-width: 0pt;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="middle"> <p class="TCH_left" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Bold, sans-serif;font-size:8pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-left:1pt;"><span class="Bold" style="font-style:normal;font-weight:bold;color:#231f20;">Fund Name</span></p> </td> <td class="NOGUTTER CellOverride-4" style="border-bottom-color:#504f4f;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-style:none;border-top-width:0pt;padding-bottom:4pt;padding-left:0pt;padding-right:0pt;padding-top:2pt;vertical-align:middle;width: 33.33%; padding: 0in 0in 3px 0in;border-width: 0pt;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="middle"> <p class="TCH" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Bold, sans-serif;font-size:8pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:center;text-indent:0;widows:1;"><span class="Bold" style="font-style:normal;font-weight:bold;color:#231f20;">Costs of a $10,000 investment</span></p> </td> <td class="NOGUTTER CellOverride-4" style="border-bottom-color:#504f4f;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-style:none;border-top-width:0pt;padding-bottom:4pt;padding-left:0pt;padding-right:0pt;padding-top:2pt;vertical-align:middle;width: 33.33%; padding: 0in 0in 3px 0in;border-width: 0pt;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="middle"> <p class="TCH" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Bold, sans-serif;font-size:8pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:center;text-indent:0;widows:1;"><span class="Bold" style="font-style:normal;font-weight:bold;color:#231f20;">Costs paid as a percentage of a $10,000 investment</span></p> </td> </tr> <tr class="NOGUTTER _idGenTableRowColumn-8"> <td class="NOGUTTER CellOverride-5" style="border-bottom-color:#000000;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-bottom:3pt;padding-left:0pt;padding-right:0pt;padding-top:2pt;vertical-align:middle;width: 33.33%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="middle"> <p class="Tbody" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Medium, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-left:1pt;margin-top:3pt;"><span class="CharOverride-6" style="color:#504f4f;">T-REX 2X Long Ether Daily Target ETF</span></p> </td> <td class="NOGUTTER CellOverride-5" style="border-bottom-color:#000000;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-bottom:3pt;padding-left:0pt;padding-right:0pt;padding-top:2pt;vertical-align:middle;width: 33.33%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="middle"> <p class="Tbody_centeralign" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:center;text-indent:0;widows:1;margin-right:5pt;margin-top:3pt;"><span class="CharOverride-6" style="color:#504f4f;">$28</span></p> </td> <td class="NOGUTTER CellOverride-5" style="border-bottom-color:#000000;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-bottom:3pt;padding-left:0pt;padding-right:0pt;padding-top:2pt;vertical-align:middle;width: 33.33%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="middle"> <p class="Tbody_rightalign-bracket-" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-top:3pt;text-align:center;"><span class="CharOverride-6" style="color:#504f4f;">0.95%</span><span class="CharOverride-8" style="color:#504f4f;font-size:58%;vertical-align:super;">1</span></p> </td> </tr> </table><p class="Tablefootnote_m" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:8pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:11pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:7pt;margin-top:7pt;"><span class="CharOverride-6" style="color:#504f4f;">¹ Annualized.</span></p> 28 0.0095 <p class="H1" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Bold, sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:1;page-break-after:avoid;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-top:4pt;margin-top:4pt;"><span class="Bold" style="font-style:normal;font-weight:bold;color:#231f20;font-size:13pt;">Key Fund Statistics</span></p><p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:1pt;margin-top:1pt;"><span class="CharOverride-6" style="color:#504f4f;">(as of June 30, 2026)</span></p><table class="NOGUTTER" style="width: 100.0%; border-collapse: collapse; border: 0px solid #000; border-width: 0pt; margin: 10pt 0 10pt 0;"> <tr class="NOGUTTER _idGenTableRowColumn-11"> <td class="NOGUTTER CellOverride-6" style="border-bottom-color:#000000;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-left:0pt;padding-top:2pt;width: 89.47%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Medium, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-left:1pt;margin-top:3pt;"><span class="CharOverride-6" style="color:#504f4f;">Fund Net Assets</span></p> </td> <td class="NOGUTTER CellOverride-7" style="border-bottom-color:#504f4f;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-right:0pt;padding-top:2pt;width: 10.53%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;margin-top:3pt;"><span class="CharOverride-6" style="color:#504f4f;">$6,790,418</span></p> </td> </tr> <tr class="NOGUTTER _idGenTableRowColumn-11"> <td class="NOGUTTER CellOverride-8" style="border-bottom-color:#000000;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#000000;border-top-style:solid;border-top-width:1pt;padding-left:0pt;padding-top:2pt;width: 89.47%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Medium, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-left:1pt;margin-top:3pt;"><span class="CharOverride-6" style="color:#504f4f;">Number of Holdings</span></p> </td> <td class="NOGUTTER CellOverride-7" style="border-bottom-color:#504f4f;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-right:0pt;padding-top:2pt;width: 10.53%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;margin-top:3pt;"><span class="CharOverride-6" style="color:#504f4f;">2</span></p> </td> </tr> <tr class="NOGUTTER _idGenTableRowColumn-11"> <td class="NOGUTTER CellOverride-8" style="border-bottom-color:#000000;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#000000;border-top-style:solid;border-top-width:1pt;padding-left:0pt;padding-top:2pt;width: 89.47%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Medium, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-left:1pt;margin-top:3pt;"><span class="CharOverride-6" style="color:#504f4f;">Total Net Advisory Fee</span></p> </td> <td class="NOGUTTER CellOverride-7" style="border-bottom-color:#504f4f;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-right:0pt;padding-top:2pt;width: 10.53%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;margin-top:3pt;"><span class="CharOverride-6" style="color:#504f4f;">$63,790</span></p> </td> </tr> <tr class="NOGUTTER _idGenTableRowColumn-11"> <td class="NOGUTTER CellOverride-8" style="border-bottom-color:#000000;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#000000;border-top-style:solid;border-top-width:1pt;padding-left:0pt;padding-top:2pt;width: 89.47%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Medium, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-left:1pt;margin-top:3pt;"><span class="CharOverride-6" style="color:#504f4f;">Portfolio Turnover Rate</span></p> </td> <td class="NOGUTTER CellOverride-7" style="border-bottom-color:#504f4f;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-right:0pt;padding-top:2pt;width: 10.53%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody_rightalign" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:0;margin-top:3pt;"><span class="CharOverride-6" style="color:#504f4f;">0.00%</span></p> </td> </tr> </table> 6790418 2 63790 0 <p class="H1" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Bold, sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:1;page-break-after:avoid;page-break-before:auto;text-align:left;text-indent:0;widows:1;page-break-after:auto;margin-top:12pt;"><span class="Bold" style="font-style:normal;font-weight:bold;color:#231f20;font-size:18pt;">What did the Fund invest in?</span></p><p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-bottom:10pt;margin-top:5pt;orphans:1;widows:1;margin-top:5pt;"><span class="CharOverride-6" style="color:#504f4f;">(% of Net Assets as of June 30, 2026)</span></p><p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:5pt;orphans:1;widows:1;margin-top:5pt;"><span class="CharOverride-11" style="color:#231f20;font-size:13pt;font-style:normal;font-weight:bold;">Market Exposure</span></p><p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:8pt;">Total Return Swap Contracts: 200.00%</p><p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;text-align:left;margin-top:8pt;"><span class="CharOverride-12" style="font-size:8pt;">“Market Exposure” includes the values of total investments (including the contract value of any derivatives) and excludes any short-term investments.</span></p><p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:4pt;margin-top:4pt;"><span class="CharOverride-11" style="color:#231f20;font-size:13pt;font-style:normal;font-weight:bold;">Portfolio Composition</span></p><table class="NOGUTTER" style="width: 100.0%; border-collapse: collapse; border: 0px solid #000; border-width: 0pt; margin: 10pt 0 10pt 0;"> <tr class="NOGUTTER _idGenTableRowColumn-11"> <td class="NOGUTTER CellOverride-9" style="border-bottom-color:#504f4f;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-bottom:3pt;padding-left:0pt;padding-top:3pt;width: 79.21%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Medium, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-left:1pt;margin-top:3pt;"><span class="CharOverride-6" style="color:#504f4f;">Cash</span></p> </td> <td class="NOGUTTER CellOverride-10" style="border-bottom-color:#504f4f;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-bottom:3pt;padding-right:0pt;padding-top:3pt;width: 20.79%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody_rightalign-bracket-" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:1pt;margin-top:3pt;"><span class="CharOverride-6" style="color:#504f4f;">90.42%</span></p> </td> </tr> <tr class="NOGUTTER _idGenTableRowColumn-11"> <td class="NOGUTTER CellOverride-9" style="border-bottom-color:#504f4f;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-bottom:3pt;padding-left:0pt;padding-top:3pt;width: 79.21%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Medium, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-left:1pt;margin-top:3pt;"><span class="CharOverride-6" style="color:#504f4f;">Money Market Fund</span></p> </td> <td class="NOGUTTER CellOverride-10" style="border-bottom-color:#504f4f;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-bottom:3pt;padding-right:0pt;padding-top:3pt;width: 20.79%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody_rightalign-bracket-" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:1pt;margin-top:3pt;"><span class="CharOverride-6" style="color:#504f4f;">9.87%</span></p> </td> </tr> <tr class="NOGUTTER _idGenTableRowColumn-11"> <td class="NOGUTTER CellOverride-9" style="border-bottom-color:#504f4f;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-bottom:3pt;padding-left:0pt;padding-top:3pt;width: 79.21%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Medium, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-left:1pt;margin-top:3pt;"><span class="CharOverride-6" style="color:#504f4f;">Derivatives</span></p> </td> <td class="NOGUTTER CellOverride-10" style="border-bottom-color:#504f4f;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-bottom:3pt;padding-right:0pt;padding-top:3pt;width: 20.79%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody_rightalign-bracket-" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:1pt;margin-top:3pt;"><span class="CharOverride-6" style="color:#504f4f;">-0.07%</span></p> </td> </tr> <tr class="NOGUTTER _idGenTableRowColumn-11"> <td class="NOGUTTER CellOverride-9" style="border-bottom-color:#504f4f;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-bottom:3pt;padding-left:0pt;padding-top:3pt;width: 79.21%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Medium, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:left;text-indent:0;widows:1;margin-left:1pt;margin-top:3pt;"><span class="CharOverride-6" style="color:#504f4f;">Liabilities in Excess of Other Assets</span></p> </td> <td class="NOGUTTER CellOverride-10" style="border-bottom-color:#504f4f;border-bottom-style:solid;border-bottom-width:1pt;border-left-style:none;border-left-width:0pt;border-right-style:none;border-right-width:0pt;border-top-color:#504f4f;border-top-style:solid;border-top-width:1pt;padding-bottom:3pt;padding-right:0pt;padding-top:3pt;width: 20.79%; padding: 0in 0in 3px 0in;border-width: 0pt;border-top: windowtext 1pt none; border-top-style: solid;border-bottom: windowtext 1pt none; border-bottom-style: solid;" valign="top"> <p class="Tbody_rightalign-bracket-" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:3pt;margin-top:0;orphans:1;page-break-after:auto;page-break-before:auto;text-align:right;text-indent:0;widows:1;margin-right:1pt;margin-top:3pt;"><span class="CharOverride-6" style="color:#504f4f;">-0.22%</span></p> </td> </tr> </table> <p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:5pt;orphans:1;widows:1;margin-top:5pt;"><span class="CharOverride-11" style="color:#231f20;font-size:13pt;font-style:normal;font-weight:bold;">Market Exposure</span></p><p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:8pt;">Total Return Swap Contracts: 200.00%</p><p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Gotham Narrow Light, sans-serif;font-size:9pt;font-style:normal;font-variant:normal;font-weight:300;margin-bottom:0;margin-left:0;margin-right:0;margin-top:8pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;text-align:left;margin-top:8pt;"><span class="CharOverride-12" style="font-size:8pt;">“Market Exposure” includes the values of total investments (including the contract value of any derivatives) and excludes any short-term investments.</span></p> 2 0.9042 0.0987 -0.0007 -0.0022 www.rexshares.com/etu/ N-CSRS -2.0000 N-1A 0001396092 false Annualized. Ratio of expenses, excluding tax expense, would have been 0.95%. Annualized. Annualized.