Corgi NVTS 2x Daily ETF

NVTC seeks to deliver 200% of the daily performance of Navitas Semiconductor Corporation (NASDAQ: NVTS), through derivatives such as swap agreements and exchange-traded equity futures to create leveraged exposure. Navitas engages in the development of ultra-efficient gallium nitride (GaN) semiconductors. Its GaN power ICs integrate GaN power with drive, control and protection to enable charging, power density, and energy savings for mobile, consumer, enterprise, eMobility and new energy markets. 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 NVTS due to compounding effects. Collateral supporting these derivative positions may be invested in money market instruments, repurchase agreements, or short-term US government securities.