Corgi BABA 2x Daily ETF

BABC seeks to deliver 200% of the daily performance of Alibaba Group Holding Limited (NYSE: BABA) through derivatives such as swap agreements and exchange-traded equity futures to create leveraged exposure. Alibaba Group Holding Limited is a multinational technology conglomerate specializing in e-commerce, retail, cloud computing, digital media, and artificial intelligence services. 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 BABA due to compounding effects. Collateral supporting these derivative positions may be invested in money market instruments, repurchase agreements, or short-term US government securities.