Rareview 2X Bull Cryptocurrency & Precious Metals ETF
INVESTMENT OBJECTIVE
The Rareview 2X Bull Cryptocurrency & Precious Metals ETF (the “Fund”) seeks long-term capital appreciation.
INVESTMENT STRATEGY
The Fund is an actively-managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing in swaps on exchange-traded products (“ETPs”) (“Underlying ETPs”), in two complimentary asset classes, a modern digital asset class (Cryptoassets) (the “Cryptoasset strategy”) and a traditional asset class (precious metals) (the “Precious Metals strategy”).
The fund uses leverage to “stack” the total return of holdings in the Fund’s cryptoasset strategy together with the total returns of holdings in the Fund’s precious metals strategy.
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Cryptoasset Strategy: Through its use of swaps on Underlying ETPs, the Fund will seek to have 75% of its Cryptoasset investment exposure to Bitcoin and 25% investment exposure to Ethereum. The intended range of investment exposure for Bitcoin is 70-80% and 20-30% for Ethereum. If investment exposure to Bitcoin or Ethereum falls out of those ranges, the Fund’s adviser will rebalance the Fund’s cryptoasset swap exposures.
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Precious Metals Strategy: Through its use of swaps on Underlying ETPs, the Fund will seek to have 75% of its Precious Metals investment exposure to Gold and 25% investment exposure to Silver. The intended range of investment exposure for Gold is 70-80% and 20-30% for Silver. If investment exposure to Gold or Silver falls out of those ranges, the Fund’s adviser will rebalance the Fund’s precious metals swap exposures.
ETF Details
| Ticker Symbol | BEGS |
| IOPV Ticker Symbol | BEGS.IV |
| Primary Listing Exchange | Cboe BZX Exchange, Inc. |
| CUSIP | 19423L433 |
| Inception Date | February 6, 2025 |
| Net Assets | $0 |
| Shares Outstanding | 0 |
Fees & Expenses
| Management Fees | 0.99% |
| Distribution and/or Service (12b-1) Fees | 0.00% |
| Other Expenses1 | 0.30% |
| Acquired Fund Fees & Expenses1,2 | 0.00% |
| Total Annual Fund Operating Expenses | 1.29% |
| Fee Waiver and/or Expense Reimbursement3 | (0.30%) |
| Total Annual Fund Operating Expenses After Fee Waiver | 0.99% |
¹Estimated for the current fiscal period.
²Acquired Fund Fees and Expenses are the indirect costs of investing in other investment companies.
³The Advisor has contractually agreed to waive a portion or all of its management fees and pay Fund expenses to limit Total Annual Fund Operating Expenses to 0.99% through February 6, 2027.
Fund Documents
Download the Fund’s prospectus, SAI, reports, and filings
Performance
Total Returns as of Month Ending: 2/28/25
| 1 MONTH | 3 MONTH | YTD | 1 YEAR | SINCE INCEPTION | |
| Fund NAV | |||||
| Market Price |
*Periods over 1-year are annualized
Total Returns as of Quarter Ending: 3/31/25
| 1 MONTH | 3 MONTH | YTD | 1 YEAR | SINCE INCEPTION | |
| Fund NAV | |||||
| Market Price |
*Periods over 1-year are annualized
The Rareview 2X Bull Cryptocurrency & Precious Metals ETF inception date is February 6, 2025.
Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made solely on returns. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Returns are average annualized total returns, except those for periods of less than one year, which are cumulative. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Market performance is determined using the bid/ask midpoint at 4:00 p.m. Eastern time, when the NAV is typically calculated. Market performance does not represent the returns you would receive if you traded shares at other times. Brokerage commissions will reduce returns.
NAV and Market Price
Data as of January 21, 2022
| Net Asset Value (NAV) | |
| Change ($) | |
| Change (%) |
| Closing Price | |
| Change ($) | |
| Change (%) |
Premium/Discount
Data as of January 21, 2022
| Net Asset Value (NAV) | Market Price | Premium/Discount (%) | 30-day Median Bid/Ask Spread (%)¹ |
¹The median bid-ask spread is calculated by identifying the national best bid and national best offer (“NBBO”) for each fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth.
Historical Premium/Discount
RTAI
Frequency Distribution of Premium and Discounts
| Most Recently Completed Calendar Quarter | Last Calendar Year | |
| Total # of Days Fund Closed at Premium | ||
| Total # of Days Fund Closed at Discount | ||
| Total # of Days Fund Closed at Discount |
The table above is provided to show the frequency at which the closing price for the Fund was at a premium or discount to its daily net asset value (NAV). The table represents past performance and cannot be used to predict future results. The Adviser will provide a discussion in the event the ETF’s premium or discount has been greater than 2% for seven consecutive trading days.
Holdings
Data as of January 21, 2022
Distributions
Frequency: Annual
| Declaration | Ex Date | Record Date | Pay Date | Income | Short-Term Gains | Long-Term Gains | Total Distributions |
| Declaration | Ex Date | Record Date | Pay Date | Income | Short-Term Gains | Long-Term Gains | Total Distributions |
IMPORTANT RISK CONSIDERATIONS
Carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund’s full and summary prospectus, which may be obtained by visiting rareviewcapital.com. Read the prospectus carefully before investing.
Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives. An investment in the Fund may be subject to risks which include, among others, market, interest rate, tax, liquidity, leverage, non-diversified, investment restrictions, operational, authorized participant concentration, no guarantee of active trading market, trading issues, active management, fund shares trading, premium/discount and liquidity of fund shares and concentration risks, all of which may adversely affect the Fund. Diversification does not ensure profits or prevent losses. Exchange-Traded Funds (ETFs) trade like stocks, are subject to investment risk, and will fluctuate in market value. Unlike mutual funds, ETF shares are not individually redeemable directly with the Fund and are bought and sold on the secondary market at market price, which may be higher or lower than the ETF’s net asset value (NAV). Transactions in shares of ETFs will result in brokerage commissions, which will reduce returns.
The Fund may purchase options on Underlying Funds and enter into futures contracts on bitcoin, ether, gold or silver. The Fund does not invest directly in gold, gold bullion, silver, or silver bullion. The Fund will only seek direct investment exposure to bitcoin and ether through investment in cash-settled futures contracts that trade on the Chicago Mercantile Exchange (CME). The Fund does not invest directly in or hold Bitcoin or Ether.
Cryptocurrency Risk. The market for bitcoin and ether futures may be less developed, and potentially less liquid and more volatile, than more established futures markets. While the bitcoin futures market has grown substantially since bitcoin and ether futures commenced trading, there can be no assurance that this growth will continue. Counterparty Risk. Counterparty risk is the risk that a counterparty to a financial instrument held by the Fund or by a special purpose or structured vehicle invested in by the Fund may become insolvent or otherwise fail to perform its obligations, and the Fund may obtain no or limited recovery of its investment, and any recovery may be significantly delayed. Derivatives Risk. Futures and swaps involve risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. These risks include (i) the risk that the counterparty to a derivative transaction may not fulfill its contractual obligations; (ii) risk of mispricing or improper valuation; and (iii) the risk that changes in the value of the derivative may not correlate perfectly with the underlying asset, rate or index. Futures Risk. The risk of loss in trading commodity interests can be substantial. Please carefully consider whether such trading is suitable in light of your financial condition. Swaps Risk. Swaps are subject to tracking risk because they may not be perfect substitutes for the instruments they are intended to replace. Over the counter swaps are subject to counterparty default. Leverage inherent in swap contracts will tend to magnify the Fund’s losses. Options Risk. There are risks associated with the purchase of call and put options. As the buyer of a put or call option, the Fund risks losing the entire premium invested in the option if the Fund does not exercise the option. Purchased options may decline in value due to changes in price of the underlying security, passage of time and changes in volatility. Precious Metals Risk. The Fund will be sensitive to changes in, and its performance will depend to a greater extent on, the prices of precious metals. These prices may fluctuate substantially over short periods of time, so the Fund’s share price may be more volatile than other types of investments. Management Risk. Each of the Adviser’s and Sub-Adviser’s dependence on its judgments about the attractiveness, value and potential appreciation of Underlying Funds and derivatives in which the Fund invests may prove to be incorrect and may not produce the desired results.
NOT FDIC INSURED * NO BANK GUARANTEE * MAY LOSE VALUE
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