| Investment Objective: |
The Defiance 2X Daily Long Pure Drone and Aerial Automation ETF seeks daily investment results, before fees and expenses, that correspond to two times (2X) the daily performance of the BITA Pure Drone and Aerial Automation Index (the "Index"). The Fund provides investors with amplified long exposure to the BITA Pure Drone and Aerial Automation Index, a rules-based index focused on U.S.-listed companies directly involved in drone manufacturing, drone software and avionics, aerial automation, autonomous flight systems, and electric vertical take-off and landing (eVTOL) technologies. The Index is designed to track companies that derive a majority of their revenue from drone and aerial automation-related activities, including unmanned aerial vehicle (UAV) production, AI-driven piloting systems, aerial data and inspection services, defense drone platforms, and advanced air mobility solutions. DRNL seeks to deliver 200% of the daily performance of the BITA Pure Drone and Aerial Automation Index, offering active traders a tactical way to express short-term bullish views on drone innovation, autonomous systems, defense modernization, next-generation aviation, and the evolution of urban air mobility without the need for a margin account. |
