CRCD – T-REX 2X Inverse CRCL Daily Target ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks daily investment results, before fees and expenses, of 200% of the inverse (or opposite) of the daily performance of CRCL. The fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in financial instruments that are designed to provide, in the aggregate,200% inverse (opposite) exposure to the price performance of CRCL on a daily basis. The fund is non-diversified.

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
CRCD	T-REX 2X Inverse CRCL Daily Target ETF	ETF	Open	—	—	Sep 25, 2025	$7.52M	1.500%	—	—	$15.44M

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