ELON ETF Profile

Family:	Defiance ETFs
Name:	Battleshares TSLA vs F ETF

Inception Date:	12-Feb-2025
Termination Date:
Investment Objective:	The Fund is an actively managed exchange-traded fund (ETF) that seeks long-term capital appreciation. The Fund's investment strategy is designed to capitalize on the competitive dynamics within the automobiles industry by taking targeted positions in two specific companies, one which the Adviser views as a new leader in this industry: Tesla, Inc., ("TSLA") and one which the Adviser views as a legacy leader in this industry: Ford Motor Company ("F" or "Ford"). The Fund establishes long exposure to TSLA and short exposure to F. The Fund's strategy involves a leveraged long position in TSLA, generally targeting +180% to +220% of the Fund's net assets, and a leveraged short position in F, generally targeting -80% to -120% of the Fund's net assets. To be "long" means to have exposure to an asset with the expectation that its value will increase over time. Conversely, to be "short" means to have exposure to an asset with the expectation that it will fall in value. In this long/short structure, the long and short positions may partially offset each other, resulting in a more balanced net exposure to market movements. This may occur because general market driven gains in one position (long TSLA) may be partially offset by losses in the other (short F), or vice versa.

Prospectus