BAS Stock, Basic Energy Servs Information

The AXS 1.25X BA Bear Daily ETF seeks daily investment results, before fees and expenses, that correspond to one and a quarter times the inverse (-125%) of the daily performance of the common shares of Boeing Company. The Fund will maintain at least 80 percent exposure to financial instruments that provide one and one quarter times inverse leveraged exposure to the daily performance of BA. The Fund is an actively-managed exchange-traded fund (ETF) that seeks to achieve on a daily basis, before fees and expenses, -125% performance of BA for a single day, not for any other period, by entering into one or more swap agreements on BA. A single day is measured from the time the Fund calculates its net asset value (NAV) to the time of the Funds next NAV calculation.