BEGS seeks long-term capital appreciation through simultaneous exposure to cryptocurrencies and precious metals. It invests in non-exchange-traded, cash-settled swap contracts on underlying ETPs holding bitcoin, ether, gold, and silver. For its crypto component, the fund intends to provide 75% exposure to bitcoin and 25% to ether, while it seeks 75% exposure to gold and 25% to silver for its precious metals portfolio. Depending on market conditions, the fund may purchase options on the underlying ETPs and utilize futures contracts on the reference assets. BEGS utilizes a wholly owned Cayman Islands subsidiary for its investments, which allows investors to avoid receiving a K-1 tax form. Investors should note that the fund does not invest directly in bitcoin, ether, gold, or silver. Swaps are used for leverage to get stacked returns that equal 200% aggregate notional exposure.