Corgi TSM 2x Daily ETF

TWSC seeks to deliver 200% of the daily performance of Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM), through derivatives such as swap agreements and exchange-traded equity futures to create leveraged exposure. TSM engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. 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 TSM due to compounding effects. Collateral supporting these derivative positions may be invested in money market instruments, repurchase agreements, or short-term US government securities.