Corgi APP 2x Daily ETF

APPC seeks to deliver 200% of the daily performance of AppLovin Corp. (TICKER: APP), through derivatives such as swap agreements and exchange-traded equity futures to create leveraged exposure. AppLovin engages in the development and operation of a mobile marketing platform. Its software-based platform caters to mobile application developers to improve the marketing and monetization of applications. The portfolio is rebalanced at the end of each trading day to maintain its targeted leverage level, meaning returns over periods longer than a single day can differ significantly from two times the cumulative return of APP due to compounding effects. Collateral supporting these derivative positions may be invested in money market instruments, repurchase agreements, or short-term US government securities.