NGHT – Nicholas Bitcoin And Treas Afterdark ETF – ETF Investment Strategy

Strategy

The investment seeks long-term capital appreciation. Under normal market conditions, the fund will invest at least 80% of the value of its assets, plus borrowings for investment purposes, in securities and/or instruments that provide exposure to bitcoin and/or U.S. Treasuries and other cash equivalents. It 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
NGHT	Nicholas Bitcoin And Treasuries Afterdark ETF	ETF	Open	—	—	Apr 7, 2026	$24.75M	0.950%	—	—	—

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Nicholas Bitcoin And Treasuries Afterdark ETF NGHT Strategy

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