FLYU – MicroSectors™ Travel 3X Leveraged ETNs – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to reflect a 3x leveraged long exposure to the performance of the MerQube MicroSectorsTM U.S. Travel Index on a daily basisbefore taking into account the negative effect of the Daily Investor Fee, the Daily Financing Charge and the RedemptionFee Amount, if applicable. The index is a net total return index that tracks the stock prices of U.S. listed securities thatare materially engaged in specified segments of the travel industry.

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
FLYU	MicroSectors™ Travel 3X Leveraged ETNs	ETF	Open	—	—	Jun 22, 2022	$5.53M	0.950%	—	—	—

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