Defiance Trillion Dollar Club Index ETF (TRIL) Stock Price, Quote, News & History

To achieve investment objective The Fund will invest all, or substantially all, of its assets in (i) the component securities that make up the Index, and/or (ii) swap contracts that provide indirect exposure to the component securities that make up the Index. The Funds use of swaps will be largely driven by its intention to qualify for treatment as a regulated investment company (RIC) under the Internal Revenue Code of 1986, as amended (the Code), which limits the Funds ability to invest in a small number of issuers. The use of swaps is intended to allow the Fund to maintain its RIC qualification during periods where there are a small number of Index constituents and the use of swaps may be extensive during such periods.