| Investment Objective: |
Corgi BABA 2x Daily ETF is an actively managed exchange-traded fund that, under ordinary market conditions, seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of Alibaba Group Holding Limited ("Alibaba"). To pursue its 2x Daily Objective, the Fund expects to obtain most of its exposure through derivatives, including total return swaps on the Underlying Security, and may also use exchange-traded equity futures and other equity-linked instruments. Under normal circumstances, the Fund will invest at least 80% of the value of its net assets, plus any borrowings for investment purposes, in financial instruments (for example, swaps and futures) that, in the aggregate, provide leveraged exposure to the Underlying Security equal to approximately two times its daily performance. Alibaba Group Holding Limited (NYSE: BABA) ("Alibaba") is a China-based technology company engaged in e-commerce, cloud computing, digital media, and logistics services. |
