REX WMT Growth & Income ETF (WMTI) Stock Price, Quote, News & History | Benzinga

To achieve its investment objective, by employing a covered call strategy and maintain between 105 percent and 150 percent notional exposure to the Underlying Security by entering into financial instruments on the Underlying Security, including options contracts and/or swap agreements, as well as directly purchasing shares of the Underlying Security. To the extent available, the Fund may also invest in exchange-traded funds that provide leveraged exposure to the Underlying Security (Leveraged ETFs). At the end of each trading day, the Fund will attempt to rebalance its portfolio such that the notional exposure to the Underlying Security obtained through the combination of these instruments will be between 105 percent and 150 percent of the Funds NAV. The Fund will be managed to maintain between 105 percent and 150 percent notion exposure to the Underlying Security for a single day. A single day is measured from the time the Fund calculates its NAV to the time of the Funds next NAV calculation. The exact amount of notional exposure, and therefore the amount of leverage used by the Fund, will be determined by REX Advisers, LLC, the Funds investment adviser (the Adviser), based on real-time risk sentiment through technical analysis (i.e., an evaluation that examines the Underlying Security price behavior and chart patterns to determine an uptrend or downtrend).