| Investment Objective: |
The Corgi UPST 2x Daily ETF (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the publicly-traded common stock of Upstart Holdings, Inc. (NASDAQ: UPST) (the "Underlying Security"). The Fund does not seek to achieve its stated investment objective over a period of time greater than one trading day. 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. The Fund will generally rebalance its exposure each trading day in order to seek to maintain approximately two times (2x) the daily performance of the Underlying Security. Upstart Holdings, Inc. (NASDAQ: UPST) ("Upstart") is a United States-based financial technology company that provides an artificial intelligence-enabled lending platform for banks and credit unions. The company facilitates consumer lending products by connecting borrowers with financial institutions. Upstart is headquartered in San Mateo, California, United States. |
