| Investment Objective: |
The ETF seeks daily leveraged investment results and is very different from most other exchange-traded funds. As a result, the Fund may be riskier than alternatives that do not use leverage because the Fund's objective is to magnify (200%) the daily performance of the common shares of Sandisk Corp. (Nasdaq: SNDK). The return for investors that invest for periods longer or shorter than a single-trading day should not be expected to be 200% of the performance of SNDK for the period. The return of the Fund for a period longer than a single-trading day will be the result of each trading day's compounded return over the period, which will very likely differ from 200% of the return of SNDK for that period. SNDK is a developer, manufacturer and provider of data storage devices and solutions based on NAND flash technology, which stores information in a solid state, making them more durable and able to withstand mechanical shocks, excessive operating temperatures, or high pressure. SNDK delivers flash storage solutions for artificial intelligence ("AI") workloads in datacenters, edge devices, and for consumers. The company's technologies enable everyone from students, gamers, and home offices to large enterprises and public clouds to produce, analyze, and store data. |
