Corgi MSTR 2x Daily ETF

MSTC seeks to deliver 200% of the daily performance of Strategy, Inc. (NASDAQ: MSTR), through derivatives such as swap agreements and exchange-traded equity futures to create leveraged exposure. Strategy, Inc. engages in the development of fixed-income instruments that provide investors varying degrees of economic exposure to bitcoin. It executes bitcoin acquisition, capital management, and capital markets strategies. 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 MSTR due to compounding effects. Collateral supporting these derivative positions may be invested in money market instruments, repurchase agreements, or short-term US government securities.