Corgi LITE 2x Daily ETF

LITC seeks to deliver 200% of the daily performance of Lumentum Holdings Inc. (NASDAQ: LITE) through derivatives such as swap agreements and exchange-traded equity futures to create leveraged exposure. LITE specializes in the design and manufacture of optical and photonic products used in communications networking, cloud and data center, and industrial applications. It operates through two segments cloud and networking segment and industrial tech segment. 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 LITE, due to compounding effects. Collateral supporting these derivative positions may be invested in money market instruments, repurchase agreements, or short-term US government securities.