Metaurus U.S. Equity Ex-Dividend Fund-Series 2027

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Metaurus U.S. Equity Ex-Dividend Fund-Series 2027
The manager intends to replicate the returns of SPY through owning long positions in quarterly S&P 500 Index futures contracts traded on the CME rather than shares of SPY. Additionally, the manager intends to track the performance of the Metaurus Ex-Dividend Index by selling annual S&P 500 Dividend Futures Contracts out to the maturity date of the fund.