Corgi QBTS 2x Daily ETF

QUA seeks to deliver 200% of the daily performance of D-Wave Quantum, Inc. (QBTS), through derivatives such as swap agreements and exchange-traded equity futures to create leveraged exposure. D-Wave engages in the development and delivery of quantum computing, software, and services. QUA's leveraged 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 D-Wave due to compounding effects. Collateral supporting these derivative positions may be invested in money market instruments, repurchase agreements, or short-term US government securities.