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You can also request this information by contacting us at <span id="xdx_903_eoef--AddlInfoPhoneNumber_c20250701__20260630__oef--ClassAxis__custom--C000243469Member_zV22dcaZIPIl">(833) 759-6110</span>. www.rexshares.com/nvdq/ (833) 759-6110 This report describes changes to the Fund that occurred during the reporting period. <p id="xdx_804_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000243469Member_dD_ziTV8p3VBXC" style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 24.26px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 11pt; font-weight: bold">What were the Fund costs for the past year?</span> </p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-family: Gotham Narrow-Light,Arial"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(based on a hypothetical $10,000 investment)</span> </span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Fund Name</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Costs of a $10,000 investment</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Costs paid as a percentage of a $10,000 investment</span> </div> </th> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">T-REX 2X Inverse NVIDIA Daily Target ETF</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_984_eoef--ExpensesPaidAmt_c20250701__20260630__oef--ClassAxis__custom--C000243469Member_z0XKJzI2kk4b" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$76</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_983_eoef--ExpenseRatioPct_dp_c20250701__20260630__oef--ClassAxis__custom--C000243469Member_fuQ_____zcLMXTOREux1" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">1.05%</span> </div> </td> </tr> </table> </div> </div> </div> 76 0.0105 <p id="xdx_80B_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000243469Member_dD_zkR9gSjLyNY2" style="font: 700 10pt/11pt Gotham Narrow-Bold,Arial; margin: 0 0 2pt; text-align-last: auto; display: block; min-height: 14.66px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Fund Objective</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: 10pt/11pt Gotham Narrow-Light,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-align: left; text-indent: 0"> <p style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 74.64px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: justify">The T-REX 2x Inverse Nvidia Daily Target ETF (“NVDQ” or the “Fund”) seeks daily investment results, before fees and expenses, of -200% of the daily performance of Nvidia common stock ("NVDA").</p> </div> </div> <p style="font: 700 10pt/11pt Gotham Narrow-Bold,Arial; margin: 0 0 2pt; text-align-last: auto; display: block; min-height: 14.66px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Fund Performance</p> <div style="font: 10pt/11pt Gotham Narrow-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-align: left; text-indent: 0"> <p style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 55.98px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: justify">For the fiscal year ended June 30, 2026, NVDQ returned -56.12%, compared to a 26.82% return for NVDA and 22.32% for the S&amp;P 500® Index.</p> </div> <p style="font: 700 10pt/1.4 Gotham Narrow-Bold,Arial; margin: 0 0 2pt; text-align-last: auto; display: block; min-height: 18.66px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Performance Drivers</p> <p style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 130.63px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: justify">As a fund designed to deliver -2x Nvidia's daily return, NVDQ faced a structurally adverse environment throughout the period. The stock's persistent upward trend — driven by continued AI infrastructure demand, a favorable competitive position in accelerated computing, and consistently strong financial results — acted as a sustained headwind.</p> <p id="xdx_800_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000243469Member_dD_zAJUzv5SGdcg" style="font: 700 18pt/1.4 Gotham Narrow-Bold,Arial; margin: -4pt 0 0; text-align-last: auto; display: block; min-height: 33.6px; align-content: center; line-height: 33.6px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 12pt; font-weight: bold">Cumulative Performance</span> </p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: -3pt 0 8pt; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(based on a hypothetical $10,000 investment)</span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Date</div> </td> <td id="xdx_4B4_oef--ClassAxis_custom--C000243469Member_zRV6sY4Vkoya" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">T-REX 2X Inverse NVIDIA Daily Target ETF - $78</div> </td> <td id="xdx_4B8_oef--BroadBasedIndexAxis_custom--SAndP500IndexMember_zAt6aTzoYBOe" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">S&amp;P 500 ® Index - $18,170</div> </td> </tr> <tr id="xdx_434_c20231019__20231019_eoef--AccmVal_zmB8W7ADXwvh" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10/19/2023<sup id="xdx_F4E_z79R8bDmTuxh">*</sup></div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10000</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10000</div> </td> </tr> <tr id="xdx_43F_c20231019__20231231_eoef--AccmVal_zsgN5ywTJ4Ue" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">12/31/2023</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">6892</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">11187</div> </td> </tr> <tr id="xdx_430_c20231019__20240630_eoef--AccmVal_zHSUADi1MwZg" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">6/30/2024</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">746</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">12898</div> </td> </tr> <tr id="xdx_439_c20231019__20241231_eoef--AccmVal_zKYcaQp8Mkq9" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">12/31/2024</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">432</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">13986</div> </td> </tr> <tr id="xdx_43A_c20231019__20250630_eoef--AccmVal_zn2nLN1nHk6e" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">6/30/2025</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">177</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">14854</div> </td> </tr> <tr id="xdx_431_c20231019__20251231_eoef--AccmVal_zARhc2vQc6N7" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">12/31/2025</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">110</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">16487</div> </td> </tr> <tr id="xdx_434_c20231019__20260630_eoef--AccmVal_zT0rIo3amw0c" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">6/30/2026</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">78</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">18170</div> </td> </tr> </table> </div> </div><img alt="line" src="qes4sh1ms7l1lag.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/1.4 Gotham Narrow-Light,Arial; color: #4f4f4f; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F03_zQB9fFORnel" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F12_zGjmJD61pTif" style="text-align: justify"> Inception</td> </tr></table> 10000 10000 6892 11187 746 12898 432 13986 177 14854 110 16487 78 18170 <p id="xdx_80A_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000243469Member_dD_z2owOn0lDgq3" style="font: 700 18pt/1.4 Gotham Narrow-Bold,Arial; margin: 20pt 0 0; text-align-last: auto; display: block; min-height: 33.6px; align-content: center; line-height: 33.6px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 12pt; font-weight: bold">Annual Performance</span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">1 Year</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Average Annual Total Return</span> </div> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Since Inception</span> </div> </th> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">T-REX 2X Inverse NVIDIA</span> </div> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Daily Target ETF</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_984_eoef--AvgAnnlRtrPct_dp_c20250701__20260630__oef--ClassAxis__custom--C000243469Member_zlZJfXmyjXvb" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">-56.12%</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_985_eoef--AvgAnnlRtrPct_dp_c20231019__20260630__oef--ClassAxis__custom--C000243469Member_zJfgNsEOVF31" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">-83.50%</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">S&amp;P 500 ® Index</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98B_eoef--AvgAnnlRtrPct_dp_c20250701__20260630__oef--BroadBasedIndexAxis__custom--SAndP500IndexMember_zwNbeZd04RAj" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">22.32%</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_980_eoef--AvgAnnlRtrPct_dp_c20231019__20260630__oef--BroadBasedIndexAxis__custom--SAndP500IndexMember_zLHOodHZNYC4" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">24.77%</span> </div> </td> </tr> </table> </div> -0.5612 -0.8350 0.2232 0.2477 Visit www.rexshares.com/nvdq/ for more recent performance information. The Fund's past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. <p id="xdx_805_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000243469Member_dD_z0vHNkbEldHi" style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 24.26px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Market Exposure</p> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: table"> <tr style="box-sizing: border-box; display: table-row"> <td style="margin: 0; padding: 0; text-align: left; width: 135.96pt; border-top-width: 0; box-sizing: content-box; border-left-width: 0; padding-top: 0; border-right-width: 0pt; padding-left: 0; border-bottom-width: 0; padding-right: 0; padding-bottom: 0"> <div style="box-sizing: border-box; text-align-last: auto; height: 12pt"> <div style="box-sizing: border-box; text-align-last: auto; display: table; width: 100%; height: 100%; overflow: hidden"> <div style="box-sizing: border-box; text-align-last: auto; height: 100%; width: 100%; display: table-cell"> <p style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 18.66px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">Total Return Swap Contracts:</p> </div> </div> </div> </td> <td style="margin: 0; padding: 0; text-align: left; width: 46.96pt; border-top-width: 0; box-sizing: content-box; border-left-width: 0; padding-top: 0; border-right-width: 0pt; padding-left: 0; border-bottom-width: 0; padding-right: 0; padding-bottom: 0"> <div style="box-sizing: border-box; text-align-last: auto; height: 12pt"> <div style="box-sizing: border-box; text-align-last: auto; display: table; width: 100%; height: 100%; overflow: hidden"> <div style="box-sizing: border-box; text-align-last: auto; height: 100%; width: 100%; display: table-cell"> <p id="xdx_981_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243469Member__us-gaap--InvestmentTypeAxis__custom--TotalReturnSwapContractsMember_zeoQC1z3XSG" style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 18.66px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: right">-200.00%</p> </div> </div> </div> </td> </tr> <tr style="margin: 0; padding: 0; box-sizing: border-box"> <td style="margin: 0; padding: 0; text-align: left; width: auto; border-top-width: 0; box-sizing: content-box; border-left-width: 0; padding-top: 0; border-right-width: 0pt; padding-left: 0; border-bottom-width: 0; padding-right: 0; padding-bottom: 0"> <div style="box-sizing: border-box; text-align-last: auto; height: 11.99pt"> <div style="box-sizing: border-box; text-align-last: auto; display: table; width: 100%; height: 100%; overflow: hidden"> <div style="box-sizing: border-box; text-align-last: auto; height: 100%; width: 100%; display: table-cell"> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 18.66px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> </td> <td style="margin: 0; padding: 0; text-align: left; width: auto; border-top-width: 0; box-sizing: content-box; border-left-width: 0; padding-top: 0; border-right-width: 0pt; padding-left: 0; border-bottom-width: 0; padding-right: 0; padding-bottom: 0"> <div style="box-sizing: border-box; text-align-last: auto; height: 11.99pt"> <div style="box-sizing: border-box; text-align-last: auto; display: table; width: 100%; height: 100%; overflow: hidden"> <div style="box-sizing: border-box; text-align-last: auto; height: 100%; width: 100%; display: table-cell"> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 18.66px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: right"> </p> </div> </div> </div> </td> </tr> </table> </div> </div> <p style="font: normal 8pt/1.4 Gotham Narrow-Light,Arial; margin: 6pt 0 4pt; text-align-last: auto; display: block; min-height: 44.76px; align-content: center; line-height: 14.93px; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: justify">"Market Exposure" includes the values of total investments (including the contract value of any derivatives) and excludes any short-term investments.</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: -12pt 0 0; text-align-last: auto; display: block; min-height: 18.66px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"> </p> -2.0000 <div id="xdx_806_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000243469Member_dD_zfEK0fSqE3Z8"></div> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <th style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 13pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Portfolio Composition</span> </div> </th> <th style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 13pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span> </div> </th> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Cash</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243469Member__us-gaap--InvestmentTypeAxis__us-gaap--CashMember_zdH2PRisTjUg" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">94.14%</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Derivatives</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243469Member__us-gaap--InvestmentTypeAxis__custom--DerivativesMember_zTx1V20gF8C2" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">3.56%</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Other Assets, Net of Liabilities</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243469Member__us-gaap--InvestmentTypeAxis__custom--OtherAssetsNetOfLiabilitiesMember_zSEMr15t8c8g" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">2.30%</span> </div> </td> </tr> </table> 0.9414 0.0356 0.0230 <p id="xdx_80B_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000243469Member_dD_zM5RCb7uNqR5" style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 24.26px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(as of </span><span style="box-sizing: border-box; font-size: 9pt"><span style="box-sizing: border-box; font-weight: normal">June 30, 2026</span> </span><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">)</span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Fund Net Assets</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_980_eus-gaap--AssetsNet_iI_c20260630__oef--ClassAxis__custom--C000243469Member_zzjldbMbZ4Ti" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$20,351,048</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Number of Holdings</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98E_eoef--HoldingsCount_iI_uHoldings_c20260630__oef--ClassAxis__custom--C000243469Member_zV3X7sRtXAz8" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">2</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Total Net Advisory Fee</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98D_eoef--AdvisoryFeesPaidAmt_c20250701__20260630__oef--ClassAxis__custom--C000243469Member_zQScRgA29XO2" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$355,887</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Portfolio Turnover Rate</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_987_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250701__20260630__oef--ClassAxis__custom--C000243469Member_zCajPEtOzikg" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">0.00%</span> </div> </td> </tr> </table> </div> </div> </div> <p style="font: 8pt/1.4 Gotham Narrow-Light,Arial; margin: -10pt 0 4pt; text-align-last: auto; display: block; min-height: 14.92px; align-content: center; line-height: 14.93px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"> </p> 20351048 2 355887 0.0000 <p id="xdx_802_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000243469Member_zXURdcrAP95e" style="font: 700 11pt/1.4 Gotham Narrow-Bold,Arial; margin: 0 0 -8pt; text-align-last: auto; display: block; min-height: 20.52px; align-content: center; line-height: 20.53px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Changes</p> <p style="font: 700 18pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 33.6px; align-content: center; line-height: 33.6px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0"> </p> <p style="font: 700 10pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18.66px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Stock Split</p> <p style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; margin: 4pt 0 8pt; text-align-last: auto; display: block; min-height: 55.98px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">On <span id="xdx_903_eoef--MaterialChngDate_c20250701__20260630__oef--ClassAxis__custom--C000243469Member_zwkrRQaY9cUe">October 14, 2025</span>, the Board of the Trust approved a reverse stock split for the Fund at a reverse split ratio of 1:20. The record date for the stock split was October 27, 2025, and the stock split was effectuated after the close of trading on October 28, 2025. Shares of the Fund began trading on a split-adjusted basis on October 29, 2025.</p> 2025-10-14 T-REX 2X Inverse Tesla Daily Target ETF T-REX 2X Inverse Tesla Daily Target ETF TSLZ CboeBZX This <span id="xdx_90F_eoef--ShareholderReportAnnualOrSemiAnnual_c20250701__20260630__oef--ClassAxis__custom--C000243470Member_z9Z0XwxdyIKg">annual shareholder report</span> contains important information about the T-REX 2X Inverse Tesla Daily Target ETF for the period of July 1, 2025 to June 30, 2026. annual shareholder report You can find additional information about the Fund at <span id="xdx_902_eoef--AddlInfoWebsite_c20250701__20260630__oef--ClassAxis__custom--C000243470Member_zjjY9gOjDPSd">www.rexshares.com/tslz/</span>. You can also request this information by contacting us at <span id="xdx_90B_eoef--AddlInfoPhoneNumber_c20250701__20260630__oef--ClassAxis__custom--C000243470Member_zLY1kw0ax1Ob">(833) 759-6110</span>. www.rexshares.com/tslz/ (833) 759-6110 This report describes changes to the Fund that occurred during the reporting period. <p id="xdx_805_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000243470Member_dD_zmpAC3GqtxH7" style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 24.26px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 11pt; font-weight: bold">What were the Fund costs for the past year?</span> </p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-family: Gotham Narrow-Light,Arial"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(based on a hypothetical $10,000 investment)</span> </span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Fund Name</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Costs of a $10,000 investment</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Costs paid as a percentage of a $10,000 investment</span> </div> </th> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">T-REX 2X Inverse Tesla Daily Target ETF</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98C_eoef--ExpensesPaidAmt_c20250701__20260630__oef--ClassAxis__custom--C000243470Member_zLPwtDobDPFf" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$69</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_989_eoef--ExpenseRatioPct_dp_c20250701__20260630__oef--ClassAxis__custom--C000243470Member_zXDTpwIGKuCi" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">1.05%</span> </div> </td> </tr> </table> </div> </div> </div> 69 0.0105 <p id="xdx_802_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000243470Member_dD_zV1tqHHZorRl" style="font: 700 10pt/11pt Gotham Narrow-Bold,Arial; margin: 0 0 2pt; text-align-last: auto; display: block; min-height: 14.66px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Fund Objective</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: 10pt/11pt Gotham Narrow-Light,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-align: left; text-indent: 0"> <p style="font: normal 10pt/12pt Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 63.98px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: justify">The T-REX 2x Inverse Tesla Daily Target ETF (“TSLZ” or the “Fund”) seeks daily investment results, before fees and expenses, of -200% of the daily performance of Tesla common stock (“TSLA”).</p> </div> </div> <p style="font: 700 10pt/11pt Gotham Narrow-Bold,Arial; margin: 0 0 2pt; text-align-last: auto; display: block; min-height: 14.66px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Fund Performance</p> <div style="font: 10pt/11pt Gotham Narrow-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-align: left; text-indent: 0"> <p style="font: normal 10pt/12pt Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 47.98px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: justify">For the fiscal year ended June 30, 2026, TSLZ returned -67.74%, compared to a 32.41% return for TSLA and 22.32% for the S&amp;P 500® Index.</p> </div> <p style="font: 700 10pt/1.4 Gotham Narrow-Bold,Arial; margin: 0 0 2pt; text-align-last: auto; display: block; min-height: 18.66px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Performance Drivers</p> <p style="font: normal 10pt/12pt Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 319.92px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: justify">TSLZ seeks the inverse of Tesla's daily performance at 2x leverage, and as such was adversely positioned throughout a period in which the stock trended materially higher. Tesla's upward trajectory — supported by autonomous driving milestones, improving delivery volumes, and renewed investor enthusiasm for long-term growth prospects — created persistent directional pressure against the Fund. The daily reset structure compounded this effect: as Tesla appreciated day over day, each successive reset established a smaller NAV base against which subsequent losses were applied, mathematically accelerating the decline. Tesla's elevated intraday and daily volatility — one of the highest among large-capitalization equities — further amplified the volatility drag. The combination of a rising underlying trend and pronounced price volatility produced cumulative losses over the fiscal year that reflect both the Fund's inverse objective and the inherent compounding dynamics of a daily reset structure over extended holding periods.</p> <p id="xdx_80F_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000243470Member_dD_zqi2GytiYHni" style="font: 700 18pt/1.4 Gotham Narrow-Bold,Arial; margin: -4pt 0 0; text-align-last: auto; display: block; min-height: 33.6px; align-content: center; line-height: 33.6px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 12pt; font-weight: bold">Cumulative Performance</span> </p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: -3pt 0 8pt; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(based on a hypothetical $10,000 investment)</span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Date</div> </td> <td id="xdx_4B4_oef--ClassAxis_custom--C000243470Member_zditqu9xaQSl" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">T-REX 2X Inverse Tesla Daily Target ETF - $206</div> </td> <td id="xdx_4B8_oef--BroadBasedIndexAxis_custom--SAndP500IndexMember_zAPueoXK5kq1" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">S&amp;P 500 ® Index - $18,170</div> </td> </tr> <tr id="xdx_432_c20231019__20231019_eoef--AccmVal_zOODG4ZLjOak" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10/19/2023<sup id="xdx_F48_zvI1RTs1djql">*</sup></div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10000</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10000</div> </td> </tr> <tr id="xdx_436_c20231019__20231231_eoef--AccmVal_zZg6j95brB28" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">12/31/2023</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">8521</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">11187</div> </td> </tr> <tr id="xdx_431_c20231019__20240630_eoef--AccmVal_zSlJ0LWf7I0b" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">6/30/2024</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">9213</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">12898</div> </td> </tr> <tr id="xdx_43A_c20231019__20241231_eoef--AccmVal_zpJinGTULMkk" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">12/31/2024</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">962</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">13986</div> </td> </tr> <tr id="xdx_436_c20231019__20250630_eoef--AccmVal_zOVt537NvJda" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">6/30/2025</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">639</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">14854</div> </td> </tr> <tr id="xdx_43A_c20231019__20251231_eoef--AccmVal_zaJGxXgYEd0j" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">12/31/2025</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">231</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">16487</div> </td> </tr> <tr id="xdx_436_c20231019__20260630_eoef--AccmVal_zPchWwIrRMqk" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">6/30/2026</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">206</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">18170</div> </td> </tr> </table> </div> </div><img alt="line" src="qesb0ue01msevrzqg.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/1.4 Gotham Narrow-Light,Arial; color: #4f4f4f; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F02_zJcJ3ZvYhpC9" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F1F_zEoDPxycvMod" style="text-align: justify">Inception</td> </tr></table> 10000 10000 8521 11187 9213 12898 962 13986 639 14854 231 16487 206 18170 <p id="xdx_801_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000243470Member_dD_zxpTr4KEdBm4" style="font: 700 18pt/1.4 Gotham Narrow-Bold,Arial; margin: 20pt 0 0; text-align-last: auto; display: block; min-height: 33.6px; align-content: center; line-height: 33.6px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 12pt; font-weight: bold">Annual Performance</span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">1 Year</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Average Annual Total Return</span> </div> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Since Inception</span> </div> </th> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">T-REX 2X Inverse Tesla</span> </div> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Daily Target ETF</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_983_eoef--AvgAnnlRtrPct_dp_c20250701__20260630__oef--ClassAxis__custom--C000243470Member_z1Nrn9uPcETh" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">-67.74%</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_980_eoef--AvgAnnlRtrPct_dp_c20231019__20250630__oef--ClassAxis__custom--C000243470Member_zMKTHXgLykfa" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">-76.30%</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">S&amp;P 500 ® Index</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98F_eoef--AvgAnnlRtrPct_dp_c20250701__20260630__oef--BroadBasedIndexAxis__custom--SAndP500IndexMember_zswTNH8Lo94b" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">22.32%</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_980_eoef--AvgAnnlRtrPct_dp_c20231019__20250630__oef--BroadBasedIndexAxis__custom--SAndP500IndexMember_zt8gg3Zvx3p1" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">24.77%</span> </div> </td> </tr> </table> </div> -0.6774 -0.7630 0.2232 0.2477 Visit www.rexshares.com/tslz/ for more recent performance information. The Fund's past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. <p id="xdx_801_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000243470Member_dD_zxykSlxp6Vz5" style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 24.26px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Market Exposure</p> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: table"> <tr style="box-sizing: border-box; display: table-row"> <td style="margin: 0; padding: 0; text-align: left; width: 135.96pt; border-top-width: 0; box-sizing: content-box; border-left-width: 0; padding-top: 0; border-right-width: 0pt; padding-left: 0; border-bottom-width: 0; padding-right: 0; padding-bottom: 0"> <div style="box-sizing: border-box; text-align-last: auto; height: 12pt"> <div style="box-sizing: border-box; text-align-last: auto; display: table; width: 100%; height: 100%; overflow: hidden"> <div style="box-sizing: border-box; text-align-last: auto; height: 100%; width: 100%; display: table-cell"> <p style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 18.66px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">Total Return Swap Contracts:</p> </div> </div> </div> </td> <td style="margin: 0; padding: 0; text-align: left; width: 46.96pt; border-top-width: 0; box-sizing: content-box; border-left-width: 0; padding-top: 0; border-right-width: 0pt; padding-left: 0; border-bottom-width: 0; padding-right: 0; padding-bottom: 0"> <div style="box-sizing: border-box; text-align-last: auto; height: 12pt"> <div style="box-sizing: border-box; text-align-last: auto; display: table; width: 100%; height: 100%; overflow: hidden"> <div style="box-sizing: border-box; text-align-last: auto; height: 100%; width: 100%; display: table-cell"> <p id="xdx_982_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243470Member__us-gaap--InvestmentTypeAxis__custom--TotalReturnSwapContractsMember_zvS36Zkxx53i" style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 18.66px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: right">-200.00%</p> </div> </div> </div> </td> </tr> <tr style="margin: 0; padding: 0; box-sizing: border-box"> <td style="margin: 0; padding: 0; text-align: left; width: auto; border-top-width: 0; box-sizing: content-box; border-left-width: 0; padding-top: 0; border-right-width: 0pt; padding-left: 0; border-bottom-width: 0; padding-right: 0; padding-bottom: 0"> <div style="box-sizing: border-box; text-align-last: auto; height: 11.99pt"> <div style="box-sizing: border-box; text-align-last: auto; display: table; width: 100%; height: 100%; overflow: hidden"> <div style="box-sizing: border-box; text-align-last: auto; height: 100%; width: 100%; display: table-cell"> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 18.66px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> </td> <td style="margin: 0; padding: 0; text-align: left; width: auto; border-top-width: 0; box-sizing: content-box; border-left-width: 0; padding-top: 0; border-right-width: 0pt; padding-left: 0; border-bottom-width: 0; padding-right: 0; padding-bottom: 0"> <div style="box-sizing: border-box; text-align-last: auto; height: 11.99pt"> <div style="box-sizing: border-box; text-align-last: auto; display: table; width: 100%; height: 100%; overflow: hidden"> <div style="box-sizing: border-box; text-align-last: auto; height: 100%; width: 100%; display: table-cell"> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 18.66px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: right"> </p> </div> </div> </div> </td> </tr> </table> </div> </div> <p style="font: normal 8pt/1.4 Gotham Narrow-Light,Arial; margin: 6pt 0 4pt; text-align-last: auto; display: block; min-height: 44.76px; align-content: center; line-height: 14.93px; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: justify">"Market Exposure" includes the values of total investments (including the contract value of any derivatives) and excludes any short-term investments.</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: -12pt 0 0; text-align-last: auto; display: block; min-height: 18.66px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"> </p> -2.0000 <div id="xdx_80F_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000243470Member_dD_z9yEkLLkeia9"></div> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <th style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 13pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Portfolio Composition</span> </div> </th> <th style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 13pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span> </div> </th> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Cash</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243470Member__us-gaap--InvestmentTypeAxis__us-gaap--CashMember_zLSLsRFaA2gi" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">117.83%</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Derivatives</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243470Member__us-gaap--InvestmentTypeAxis__custom--DerivativesMember_zjAsm5Lzcpdj" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">-3.11%</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Other Assets, Net of Liabilities</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243470Member__us-gaap--InvestmentTypeAxis__custom--OtherAssetsNetOfLiabilitiesMember_zFAevALMCKzf" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">-14.72%</span> </div> </td> </tr> </table> 1.1783 -0.0311 -0.1472 <p id="xdx_806_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000243470Member_dD_zAjQUjBGAwt1" style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 24.26px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(as of </span><span style="box-sizing: border-box; font-size: 9pt"><span style="box-sizing: border-box; font-weight: normal">June 30, 2026</span> </span><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">)</span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Fund Net Assets</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_987_eus-gaap--AssetsNet_iI_c20260630__oef--ClassAxis__custom--C000243470Member_zbfprq6UN4O6" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$31,667,634</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Number of Holdings</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98C_eoef--HoldingsCount_iI_uHoldings_c20260630__oef--ClassAxis__custom--C000243470Member_zAYjhtyhrYdg" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">3</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Total Net Advisory Fee</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_988_eoef--AdvisoryFeesPaidAmt_c20250701__20260630__oef--ClassAxis__custom--C000243470Member_zorJweh3O61j" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$716,919</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Portfolio Turnover Rate</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_989_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250701__20260630__oef--ClassAxis__custom--C000243470Member_zgwcS8h0jrrk" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">0.00%</span> </div> </td> </tr> </table> </div> </div> </div> <p style="font: 8pt/1.4 Gotham Narrow-Light,Arial; margin: -10pt 0 4pt; text-align-last: auto; display: block; min-height: 14.92px; align-content: center; line-height: 14.93px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"> </p> 31667634 3 716919 0.0000 <p id="xdx_801_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000243470Member_zBCrgbjgreI6" style="font: 700 11pt/1.4 Gotham Narrow-Bold,Arial; margin: 0 0 -8pt; text-align-last: auto; display: block; min-height: 20.52px; align-content: center; line-height: 20.53px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Changes</p> <p style="font: 700 18pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 33.6px; align-content: center; line-height: 33.6px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0"> </p> <p style="font: 700 10pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18.66px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Stock Split</p> <p style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; margin: 4pt 0 8pt; text-align-last: auto; display: block; min-height: 55.98px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">On <span id="xdx_905_eoef--MaterialChngDate_c20250701__20260630__oef--ClassAxis__custom--C000243470Member_zVHkeoyd0R9c">October 14, 2025</span>, the Board of the Trust approved a reverse stock split for the Fund at a reverse split ratio of 1:20. The record date for the stock split was October 27, 2025, and the stock split was effectuated after the close of trading on October 28, 2025. Shares of the Fund began trading on a split-adjusted basis on October 29, 2025.</p> 2025-10-14 T-REX 2X Long NVIDIA Daily Target ETF T-REX 2X Long NVIDIA Daily Target ETF NVDX CboeBZX This <span id="xdx_909_eoef--ShareholderReportAnnualOrSemiAnnual_c20250701__20260630__oef--ClassAxis__custom--C000243471Member_zuAg1uFrTaIg">annual shareholder report</span> contains important information about the T-REX 2X Long NVIDIA Daily Target ETF for the period of July 1, 2025 to June 30, 2026. annual shareholder report You can find additional information about the Fund at <span id="xdx_90A_eoef--AddlInfoWebsite_c20250701__20260630__oef--ClassAxis__custom--C000243471Member_zIFtdMxBxa9b">www.rexshares.com/nvdx/</span>. You can also request this information by contacting us at <span id="xdx_908_eoef--AddlInfoPhoneNumber_c20250701__20260630__oef--ClassAxis__custom--C000243471Member_zwnHW2AOrHZ6">(833) 759-6110</span>. www.rexshares.com/nvdx/ (833) 759-6110 <p id="xdx_80C_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000243471Member_dD_zEN84BG8qyql" style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 24.26px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 11pt; font-weight: bold">What were the Fund costs for the past year?</span> </p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-family: Gotham Narrow-Light,Arial"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(based on a hypothetical $10,000 investment)</span> </span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Fund Name</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Costs of a $10,000 investment</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Costs paid as a percentage of a $10,000 investment</span> </div> </th> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">T-REX 2X Long NVIDIA Daily Target ETF</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_980_eoef--ExpensesPaidAmt_c20250701__20260630__oef--ClassAxis__custom--C000243471Member_z82DikdqQqL5" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$116</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98F_eoef--ExpenseRatioPct_dp_c20250701__20260630__oef--ClassAxis__custom--C000243471Member_fuQ_____zhkA9Ti1VfJ1" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">1.05%</span> </div> </td> </tr> </table> </div> </div> </div> 116 0.0105 <p id="xdx_808_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000243471Member_dD_zayZk9vqiSm3" style="font: 700 10pt/11pt Gotham Narrow-Bold,Arial; margin: 0 0 2pt; text-align-last: auto; display: block; min-height: 14.66px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Fund Objective</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: 10pt/11pt Gotham Narrow-Light,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-align: left; text-indent: 0"> <p style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 74.64px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: justify">The T-REX 2x Long Nvidia Daily Target ETF (“NVDX” or the “Fund”) seeks daily investment results, before fees and expenses, of 200% of the daily performance of Nvidia common stock (“NVDA”).</p> </div> </div> <p style="font: 700 10pt/11pt Gotham Narrow-Bold,Arial; margin: 0 0 2pt; text-align-last: auto; display: block; min-height: 14.66px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Fund Performance</p> <div style="font: 10pt/11pt Gotham Narrow-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-align: left; text-indent: 0"> <p style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 55.98px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: justify">For the fiscal year ended June 30, 2026, NVDX returned 20.48%, compared to a 26.82% return for NVDA and 22.32% for the S&amp;P 500® Index.</p> </div> <p style="font: 700 10pt/1.4 Gotham Narrow-Bold,Arial; margin: 0 0 2pt; text-align-last: auto; display: block; min-height: 18.66px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Performance Drivers</p> <p style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 335.91px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: justify">Despite Nvidia's strong full-year advance — underpinned by relentless demand for AI accelerators, favorable earnings results, and continued hyperscale investment — NVDX's cumulative return was substantially below twice the stock's annual gain. This outcome reflects the mathematical properties of the Fund's daily reset structure. When the underlying stock experiences significant day-to-day price fluctuations — as occurred around Nvidia earnings releases, AI-sector news events, and broader market dislocations — the compounding of daily returns over extended holding periods produces a cumulative result that can be lower than a static 2x leverage ratio would imply. The more volatile the path, the greater this drag can be. Nvidia's high-beta profile amplified the effect throughout the period, resulting in a meaningful gap between the leveraged daily return objective and the fund's realized cumulative return.</p> <p id="xdx_80A_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000243471Member_dD_zCrzp3Wddwq5" style="font: 700 18pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 33.6px; align-content: center; line-height: 33.6px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 12pt; font-weight: bold">Cumulative Performance</span> </p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: -3pt 0 8pt; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(based on a hypothetical $10,000 investment)</span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Date</div> </td> <td id="xdx_4B7_oef--ClassAxis_custom--C000243471Member_zPe1UZnt6m" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">T-REX 2X Long NVIDIA Daily Target ETF - $80,218</div> </td> <td id="xdx_4B8_oef--BroadBasedIndexAxis_custom--SAndP500IndexMember_z3KX1ZZSn2n6" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">S&amp;P 500 ® Index - $18,170</div> </td> </tr> <tr id="xdx_43A_c20231019__20231019_eoef--AccmVal_zTT5GHj6aKf6" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10/19/2023<sup id="xdx_F4B_zR4N1zKjsrM3">*</sup></div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10000</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10000</div> </td> </tr> <tr id="xdx_434_c20231019__20231231_eoef--AccmVal_zJlSWunXk4wf" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">12/31/2023</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">13296</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">11187</div> </td> </tr> <tr id="xdx_439_c20231019__20240630_eoef--AccmVal_zCBCFhogaXei" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">6/30/2024</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">67594</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">12898</div> </td> </tr> <tr id="xdx_430_c20231019__20241231_eoef--AccmVal_ziz7465SNnZ4" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">12/31/2024</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">64145</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">13986</div> </td> </tr> <tr id="xdx_434_c20231019__20250630_eoef--AccmVal_z2ROVbDdUUCi" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">6/30/2025</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">66584</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">14854</div> </td> </tr> <tr id="xdx_434_c20231019__20251231_eoef--AccmVal_zBSQcYDMpEZk" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">12/31/2025</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">80804</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">16487</div> </td> </tr> <tr id="xdx_43B_c20231019__20260630_eoef--AccmVal_z9B3tlcRFBx5" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">6/30/2026</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">80218</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">18170</div> </td> </tr> </table> </div> </div><img alt="line" src="qes5aol71ms7jbrl4.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/1.4 Gotham Narrow-Light,Arial; color: #4f4f4f; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F04_zecgkpAqfgqd" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F1F_zm3pNRVemGS7" style="text-align: justify">Inception</td> </tr></table> 10000 10000 13296 11187 67594 12898 64145 13986 66584 14854 80804 16487 80218 18170 <p id="xdx_808_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000243471Member_dD_zILCTyDuyTb7" style="font: 700 18pt/1.4 Gotham Narrow-Bold,Arial; margin: 20pt 0 0; text-align-last: auto; display: block; min-height: 33.6px; align-content: center; line-height: 33.6px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 12pt; font-weight: bold">Annual Performance</span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">1 Year</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Average Annual Total Return</span> </div> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Since Inception</span> </div> </th> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">T-REX 2X Long NVIDIA</span> </div> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Daily Target ETF</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98B_eoef--AvgAnnlRtrPct_dp_c20250701__20260630__oef--ClassAxis__custom--C000243471Member_zvx2XDjIp8sa" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">20.48%</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98B_eoef--AvgAnnlRtrPct_dp_c20231019__20260630__oef--ClassAxis__custom--C000243471Member_zDGLiKtItTwj" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">116.43%</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">S&amp;P 500 ® Index</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_985_eoef--AvgAnnlRtrPct_dp_c20250701__20260630__oef--BroadBasedIndexAxis__custom--SAndP500IndexMember_z96SXli5YMT" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">22.32%</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_987_eoef--AvgAnnlRtrPct_dp_c20231019__20260630__oef--BroadBasedIndexAxis__custom--SAndP500IndexMember_zDE8T71BMJTj" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">24.77%</span> </div> </td> </tr> </table> </div> 0.2048 1.1643 0.2232 0.2477 Visit www.rexshares.com/nvdx/ for more recent performance information. The Fund's past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. <p id="xdx_806_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000243471Member_dD_z0MIIzFjoJAc" style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 24.26px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Market Exposure</p> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: table"> <tr style="box-sizing: border-box; display: table-row"> <td style="margin: 0; padding: 0; text-align: left; width: 135.96pt; border-top-width: 0; box-sizing: content-box; border-left-width: 0; padding-top: 0; border-right-width: 0pt; padding-left: 0; border-bottom-width: 0; padding-right: 0; padding-bottom: 0"> <div style="box-sizing: border-box; text-align-last: auto; height: 12pt"> <div style="box-sizing: border-box; text-align-last: auto; display: table; width: 100%; height: 100%; overflow: hidden"> <div style="box-sizing: border-box; text-align-last: auto; height: 100%; width: 100%; display: table-cell"> <p style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 18.66px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">Total Return Swap Contracts:</p> </div> </div> </div> </td> <td style="margin: 0; padding: 0; text-align: left; width: 46.96pt; border-top-width: 0; box-sizing: content-box; border-left-width: 0; padding-top: 0; border-right-width: 0pt; padding-left: 0; border-bottom-width: 0; padding-right: 0; padding-bottom: 0"> <div style="box-sizing: border-box; text-align-last: auto; height: 12pt"> <div style="box-sizing: border-box; text-align-last: auto; display: table; width: 100%; height: 100%; overflow: hidden"> <div style="box-sizing: border-box; text-align-last: auto; height: 100%; width: 100%; display: table-cell"> <p id="xdx_987_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243471Member__us-gaap--InvestmentTypeAxis__custom--TotalReturnSwapContractsMember_zpD9r0x3ez15" style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 18.66px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: right">200.00%</p> </div> </div> </div> </td> </tr> <tr style="margin: 0; padding: 0; box-sizing: border-box"> <td style="margin: 0; padding: 0; text-align: left; width: auto; border-top-width: 0; box-sizing: content-box; border-left-width: 0; padding-top: 0; border-right-width: 0pt; padding-left: 0; border-bottom-width: 0; padding-right: 0; padding-bottom: 0"> <div style="box-sizing: border-box; text-align-last: auto; height: 11.99pt"> <div style="box-sizing: border-box; text-align-last: auto; display: table; width: 100%; height: 100%; overflow: hidden"> <div style="box-sizing: border-box; text-align-last: auto; height: 100%; width: 100%; display: table-cell"> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> </td> <td style="margin: 0; padding: 0; text-align: left; width: auto; border-top-width: 0; box-sizing: content-box; border-left-width: 0; padding-top: 0; border-right-width: 0pt; padding-left: 0; border-bottom-width: 0; padding-right: 0; padding-bottom: 0"> <div style="box-sizing: border-box; text-align-last: auto; height: 11.99pt"> <div style="box-sizing: border-box; text-align-last: auto; display: table; width: 100%; height: 100%; overflow: hidden"> <div style="box-sizing: border-box; text-align-last: auto; height: 100%; width: 100%; display: table-cell"> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-indent: 0; text-align: right"> </p> </div> </div> </div> </td> </tr> </table> </div> </div> <p style="font: normal 8pt/1.4 Gotham Narrow-Light,Arial; margin: 6pt 0 4pt; text-align-last: auto; display: block; min-height: 44.76px; align-content: center; line-height: 14.93px; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: justify">"Market Exposure" includes the values of total investments (including the contract value of any derivatives) and excludes any short-term investments.</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: -12pt 0 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> 2.0000 <div id="xdx_80B_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000243471Member_dD_z2zZ3Nv4IsA7"></div> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <th style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 13pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Portfolio Composition</span> </div> </th> <th style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 13pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span> </div> </th> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Cash</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243471Member__us-gaap--InvestmentTypeAxis__us-gaap--CashMember_zrv6Ak8Fjfca" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">72.83%</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Derivatives</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243471Member__us-gaap--InvestmentTypeAxis__custom--DerivativesMember_zJqa0EDOWeSb" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">-3.03%</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Other Assets, Net of Liabilities</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243471Member__us-gaap--InvestmentTypeAxis__custom--OtherAssetsInExcessOfLiabilitiesMember_zgtu65gy42kb" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">30.20%</span> </div> </td> </tr> </table> </div> 0.7283 -0.0303 0.3020 <p id="xdx_80E_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000243471Member_dD_z1AJMi1ih7s2" style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 24.26px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(as of </span><span style="box-sizing: border-box; font-size: 9pt"><span style="box-sizing: border-box; font-weight: normal">June 30, 2026</span> </span><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">)</span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Fund Net Assets</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_983_eus-gaap--AssetsNet_iI_c20260630__oef--ClassAxis__custom--C000243471Member_z2CmvLfpMoA3" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$457,935,684</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Number of Holdings</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98D_eoef--HoldingsCount_iI_uHoldings_c20260630__oef--ClassAxis__custom--C000243471Member_zFONpdcWY3ma" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">5</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Total Net Advisory Fee</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_984_eoef--AdvisoryFeesPaidAmt_c20250701__20260630__oef--ClassAxis__custom--C000243471Member_zlcgH3qM30Kg" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$6,117,027</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Portfolio Turnover Rate</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_983_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250701__20260630__oef--ClassAxis__custom--C000243471Member_zHKoN2WtqoOc" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">0.00%</span> </div> </td> </tr> </table> </div> </div> </div> <p style="font: 8pt/1.4 Gotham Narrow-Light,Arial; margin: -10pt 0 4pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> 457935684 5 6117027 0.0000 T-REX 2X Long Tesla Daily Target ETF T-REX 2X Long Tesla Daily Target ETF TSLT CboeBZX This <span id="xdx_90D_eoef--ShareholderReportAnnualOrSemiAnnual_c20250701__20260630__oef--ClassAxis__custom--C000243472Member_zgWRdblzZt5l">annual shareholder report</span> contains important information about the T-REX 2X Long Tesla Daily Target ETF for the period of July 1, 2025 to June 30, 2026. annual shareholder report You can find additional information about the Fund at <span id="xdx_900_eoef--AddlInfoWebsite_c20250701__20260630__oef--ClassAxis__custom--C000243472Member_zaTPXUdQP1eg">www.rexshares.com/tslt/</span>. You can also request this information by contacting us at <span id="xdx_90A_eoef--AddlInfoPhoneNumber_c20250701__20260630__oef--ClassAxis__custom--C000243472Member_zHTQ3uSElSg7">(833) 759-6110</span>. www.rexshares.com/tslt/ (833) 759-6110 <p id="xdx_800_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000243472Member_dD_zi5RvfxzV5j5" style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 24.26px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 11pt; font-weight: bold">What were the Fund costs for the past year?</span> </p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-family: Gotham Narrow-Light,Arial"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(based on a hypothetical $10,000 investment)</span> </span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Fund Name</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Costs of a $10,000 investment</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Costs paid as a percentage of a $10,000 investment</span> </div> </th> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">T-REX 2X Long Tesla Daily Target ETF</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98A_eoef--ExpensesPaidAmt_c20250701__20260630__oef--ClassAxis__custom--C000243472Member_z3u9MBycokHa" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$117</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_986_eoef--ExpenseRatioPct_dp_c20250701__20260630__oef--ClassAxis__custom--C000243472Member_zIcMddGHJmRe" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">1.05%</span> </div> </td> </tr> </table> </div> </div> </div> 117 0.0105 <p id="xdx_80A_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000243472Member_dD_zuPKpbVg8W2c" style="font: 700 10pt/11pt Gotham Narrow-Bold,Arial; margin: 0 0 2pt; text-align-last: auto; display: block; min-height: 14.66px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Fund Objective</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: 10pt/11pt Gotham Narrow-Light,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-align: left; text-indent: 0"> <p style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 74.64px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: justify">The T-REX 2x Long Tesla Daily Target ETF (“TSLT” or the “Fund”) seeks daily investment results, before fees and expenses, of 200% of the daily performance of Tesla common stock ("TSLA").</p> </div> </div> <p style="font: 700 10pt/11pt Gotham Narrow-Bold,Arial; margin: 0 0 2pt; text-align-last: auto; display: block; min-height: 14.66px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Fund Performance</p> <div style="font: 10pt/11pt Gotham Narrow-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-align: left; text-indent: 0"> <p style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 55.98px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: justify">For the fiscal year ended June 30, 2026, TSLT returned 23.48%, compared to a 32.41% return for TSLA and 22.32% for the S&amp;P 500® Index.</p> </div> <p style="font: 700 10pt/1.4 Gotham Narrow-Bold,Arial; margin: 0 0 2pt; text-align-last: auto; display: block; min-height: 18.66px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Performance Drivers</p> <p style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; min-height: 317.25px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-indent: 0; display: block; text-align: justify">Tesla delivered a meaningful positive return over the fiscal year as investors responded constructively to the company's progress across multiple growth vectors — including advances in fully autonomous driving, commercial development of the Optimus robotics platform, accelerating energy storage deployments, and improving profitability metrics. However, the stock's characteristically wide intra-period price swings — at times driven by delivery data, regulatory developments, management commentary, and shifting competitive dynamics — reduced the benefit of the Fund's daily leveraged exposure on a cumulative basis. As with all daily reset leveraged funds, periods of sharp two-way volatility can erode the compounding advantage that would otherwise accompany a sustained directional trend, which resulted in a cumulative return that fell meaningfully short of twice Tesla's annual gain.</p> <p id="xdx_802_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000243472Member_dD_zM2AE8slm6u7" style="font: 700 18pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 33.6px; align-content: center; line-height: 33.6px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 12pt; font-weight: bold">Cumulative Performance</span> </p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: -3pt 0 8pt; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(based on a hypothetical $10,000 investment)</span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Date</div> </td> <td id="xdx_4BB_oef--ClassAxis_custom--C000243472Member_zu37HbReA2ml" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">T-REX 2X Long Tesla Daily Target ETF - $7,958</div> </td> <td id="xdx_4B8_oef--BroadBasedIndexAxis_custom--SAndP500IndexMember_zSSyDsIaJaqf" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">S&amp;P 500 Index - $18,170</div> </td> </tr> <tr id="xdx_434_c20231019__20231019_eoef--AccmVal_zPNM74OHcT7" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10/19/2023<sup id="xdx_F48_zEY2KZaRNgVg">*</sup></div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10000</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10000</div> </td> </tr> <tr id="xdx_43F_c20231019__20231231_eoef--AccmVal_zkg6RWP5LQYi" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">12/31/2023</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">9873</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">11187</div> </td> </tr> <tr id="xdx_430_c20231019__20240630_eoef--AccmVal_zGZ9zSm5KoR5" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">6/30/2024</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">5056</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">12898</div> </td> </tr> <tr id="xdx_439_c20231019__20241231_eoef--AccmVal_zwmIlkCt1oif" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">12/31/2024</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">15150</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">13986</div> </td> </tr> <tr id="xdx_43A_c20231019__20250630_eoef--AccmVal_z65tcZeMvZ74" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">6/30/2025</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">6445</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">14854</div> </td> </tr> <tr id="xdx_438_c20231019__20251231_eoef--AccmVal_zEU7sWIsXa39" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">12/31/2025</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">10683</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">16487</div> </td> </tr> <tr id="xdx_431_c20231019__20260630_eoef--AccmVal_zknFnxEkTZs5" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">6/30/2026</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">7958</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">18170</div> </td> </tr> </table> </div> </div><img alt="line" src="qes1ux51ms540e60.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/1.4 Gotham Narrow-Light,Arial; color: #4f4f4f; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F09_zAhNvp1mUqbc" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F16_zG4iAWgCLDr4" style="text-align: justify">Inception</td> </tr></table> 10000 10000 9873 11187 5056 12898 15150 13986 6445 14854 10683 16487 7958 18170 <p id="xdx_805_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000243472Member_dD_zDzPzsh9sFdj" style="font: 700 18pt/1.4 Gotham Narrow-Bold,Arial; margin: 20pt 0 0; text-align-last: auto; display: block; min-height: 33.6px; align-content: center; line-height: 33.6px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 12pt; font-weight: bold">Annual Performance</span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">1 Year</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Average Annual Total Return</span> </div> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Since Inception</span> </div> </th> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">T-REX 2X Long Tesla</span> </div> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Daily Target ETF</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_984_eoef--AvgAnnlRtrPct_dp_c20250701__20260630__oef--ClassAxis__custom--C000243472Member_z1d1X3wgveig" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">23.48%</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98A_eoef--AvgAnnlRtrPct_dp_c20231019__20260630__oef--ClassAxis__custom--C000243472Member_zpt4AkN0QlJc" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">-8.12%</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">S&amp;P 500 ® Index</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_983_eoef--AvgAnnlRtrPct_dp_c20250701__20260630__oef--BroadBasedIndexAxis__custom--SAndP500IndexMember_z61j6lpR67Nj" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">22.32%</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_984_eoef--AvgAnnlRtrPct_dp_c20231019__20260630__oef--BroadBasedIndexAxis__custom--SAndP500IndexMember_zJa7gyVhli01" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">24.77%</span> </div> </td> </tr> </table> </div> 0.2348 -0.0812 0.2232 0.2477 Visit www.rexshares.com/tslt/ for more recent performance information. The Fund's past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. <p id="xdx_80C_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000243472Member_dD_ziaad1ozETll" style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 24.26px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Market Exposure</p> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: table"> <tr style="box-sizing: border-box; display: table-row"> <td style="margin: 0; padding: 0; text-align: left; width: 135.96pt; border-top-width: 0; box-sizing: content-box; border-left-width: 0; padding-top: 0; border-right-width: 0pt; padding-left: 0; border-bottom-width: 0; padding-right: 0; padding-bottom: 0"> <div style="box-sizing: border-box; text-align-last: auto; height: 12pt"> <div style="box-sizing: border-box; text-align-last: auto; display: table; width: 100%; height: 100%; overflow: hidden"> <div style="box-sizing: border-box; text-align-last: auto; height: 100%; width: 100%; display: table-cell"> <p style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 18.66px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">Total Return Swap Contracts:</p> </div> </div> </div> </td> <td style="margin: 0; padding: 0; text-align: left; width: 46.96pt; border-top-width: 0; box-sizing: content-box; border-left-width: 0; padding-top: 0; border-right-width: 0pt; padding-left: 0; border-bottom-width: 0; padding-right: 0; padding-bottom: 0"> <div style="box-sizing: border-box; text-align-last: auto; height: 12pt"> <div style="box-sizing: border-box; text-align-last: auto; display: table; width: 100%; height: 100%; overflow: hidden"> <div style="box-sizing: border-box; text-align-last: auto; height: 100%; width: 100%; display: table-cell"> <p id="xdx_980_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243472Member__us-gaap--InvestmentTypeAxis__custom--TotalReturnSwapContractsMember_zQwI0Yxmk0Bh" style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 18.66px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: right">200.00%</p> </div> </div> </div> </td> </tr> <tr style="margin: 0; padding: 0; box-sizing: border-box"> <td style="margin: 0; padding: 0; text-align: left; width: auto; border-top-width: 0; box-sizing: content-box; border-left-width: 0; padding-top: 0; border-right-width: 0pt; padding-left: 0; border-bottom-width: 0; padding-right: 0; padding-bottom: 0"> <div style="box-sizing: border-box; text-align-last: auto; height: 11.99pt"> <div style="box-sizing: border-box; text-align-last: auto; display: table; width: 100%; height: 100%; overflow: hidden"> <div style="box-sizing: border-box; text-align-last: auto; height: 100%; width: 100%; display: table-cell"> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> </div> </div> </td> <td style="margin: 0; padding: 0; text-align: left; width: auto; border-top-width: 0; box-sizing: content-box; border-left-width: 0; padding-top: 0; border-right-width: 0pt; padding-left: 0; border-bottom-width: 0; padding-right: 0; padding-bottom: 0"> <div style="box-sizing: border-box; text-align-last: auto; height: 11.99pt"> <div style="box-sizing: border-box; text-align-last: auto; display: table; width: 100%; height: 100%; overflow: hidden"> <div style="box-sizing: border-box; text-align-last: auto; height: 100%; width: 100%; display: table-cell"> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-indent: 0; text-align: right"> </p> </div> </div> </div> </td> </tr> </table> </div> </div> <p style="font: normal 8pt/1.4 Gotham Narrow-Light,Arial; margin: 6pt 0 4pt; text-align-last: auto; display: block; min-height: 44.76px; align-content: center; line-height: 14.93px; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: justify">"Market Exposure" includes the values of total investments (including the contract value of any derivatives) and excludes any short-term investments.</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: -12pt 0 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> 2.0000 <div id="xdx_808_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000243472Member_dD_zKtpNQOn3y6e" style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <th style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 13pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Portfolio Composition</span> </div> </th> <th style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 13pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span> </div> </th> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Cash</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243472Member__us-gaap--InvestmentTypeAxis__us-gaap--CashMember_zPFOa3UJMXSa" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">77.99%</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Derivatives</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243472Member__us-gaap--InvestmentTypeAxis__custom--DerivativesMember_zLcfQDKKhiM2" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">9.28%</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Other Assets, Net of Liabilities</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000243472Member__us-gaap--InvestmentTypeAxis__custom--OtherAssetsNetOfLiabilitiesMember_z1nEb8kLOHG5" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">12.73%</span> </div> </td> </tr> </table> </div> 0.7799 0.0928 0.1273 <p id="xdx_806_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000243472Member_dD_zOJy4D6x8yFh" style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 24.26px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(as of </span><span style="box-sizing: border-box; font-size: 9pt"><span style="box-sizing: border-box; font-weight: normal">June 30, 2026</span> </span><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">)</span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Fund Net Assets</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98B_eus-gaap--AssetsNet_iI_c20260630__oef--ClassAxis__custom--C000243472Member_zCkoC6F2y7q7" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$253,266,596</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Number of Holdings</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_986_eoef--HoldingsCount_iI_uHoldings_c20260630__oef--ClassAxis__custom--C000243472Member_zicbZ6q3MLnk" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">5</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Total Net Advisory Fee</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_980_eoef--AdvisoryFeesPaidAmt_c20250701__20260630__oef--ClassAxis__custom--C000243472Member_zzc4d72thWv6" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$3,573,584</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Portfolio Turnover Rate</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal"><span id="xdx_90C_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250701__20260630__oef--ClassAxis__custom--C000243472Member_zhYdaqOWtabc">102,990</span>%</span> </div> </td> </tr> </table> </div> </div> </div> <p style="font: 8pt/1.4 Gotham Narrow-Light,Arial; margin: -10pt 0 4pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> 253266596 5 3573584 1029.90 Inception Inception Inception Inception