Corgi NFLX 2x Daily ETF

NFX seeks to deliver 200% of the daily performance of Netflix, Inc. (NASDAQ: NFLX), through derivatives such as swap agreements and exchange-traded equity futures to create leveraged exposure. Netflix engages in providing entertainment services. It also offers activities for leisure time, entertainment video, video gaming, and other sources of entertainment. 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 NFLX due to compounding effects. Collateral supporting these derivative positions may be invested in money market instruments, repurchase agreements, or short-term US government securities.