Investing in the Fund involves a high degree of risk. SPCX only recently commenced its initial public offering ("IPO"). Due to the potential limited availability, illiquidity, or higher costs of certain financial instruments, the Fund may be unable to achieve exposure equal to 200% of the daily performance of SPCX, may be unable to rebalance effectively, or may be required to hold more cash or use less efficient instruments. Investors should expect significant volatility in the Fund's share price and heightened risk of the Fund's return being substantially less than 200% the daily performance of SPCX. An investor can lose the full principal value of his/her investment in the Fund within a single day if SPCX loses more than 50% in one day.