The fund invests at least 80% of its total assets in the securities of the underlying index. The underlying index measures the performance of a risk management strategy that holds the underlying stocks of the S&P 500® Index and applies a protective put strategy (i.e. long (purchased) put options) on the S&P 500® Index. The adviser expects that the correlation between the fund's performance and that of the underlying index, before fees and expenses, will exceed 95%.

NVIDIA Corporation

Apple Inc.

Microsoft Corporation

Amazon.com, Inc.

Alphabet Inc.

Broadcom Inc.

Meta Platforms, Inc.

Eli Lilly and Company

Micron Technology, Inc.

Technology

Financial Services

Communication Services

Consumer Cyclical

Healthcare

Industrials

Consumer Defensive

Energy

Utilities

Basic Materials

Global X S&P 500 Tail Risk ETF

XTR Holdings & Sector Breakdown