XFUNDS 1-3 Month BOX ETF is an actively managed exchange-traded fund that seeks to provide investment results that, before fees and expenses, equal or exceed the price and yield performance of an investment tracking the 1-3 month sector of the U.S. Treasury bill market. The fund primarily seeks to achieve its objective through box spread strategies using combinations of long and short exchange-listed options, including standard options and FLEX Options. Box spreads are structured to produce a predetermined value at expiration while seeking to capture returns comparable to short-term U.S. Treasury bills.