CARD – Max Auto Industry -3X Inverse Lvrgd ETN – ETF Investment Strategy

Strategy

The investment seeks return on the notes is linked to a three times leveraged participation in the daily inverse performance of the Prime Auto Industry Index. The index is a net total return index that tracks the stock prices of U.S.-listed companies that have operations relating to the automobile industry, including automobile manufacturing, parts and retail, and new and used car dealers.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
CARD	Max Auto Industry -3X Inverse Leveraged ETN	ETF	Open	—	—	Jun 27, 2023	$1.78M	0.950%	—	—	—

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Max Auto Industry -3X Inverse Leveraged ETN CARD Strategy

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