Defiance Daily Target 2X Long AMAT ETF

Overview

The Defiance Daily Target 2X Long AMAT ETF (AMA) provides investors with amplified long exposure to Applied Materials, Inc. (Nasdaq: AMAT), a global leader in the design, manufacture, and servicing of equipment, software, and services used to produce semiconductors, displays, and other advanced technology products. Applied Materials’ materials engineering solutions are integral to the fabrication of virtually every advanced chip in the world, supporting customers across logic, memory, foundry, and display manufacturing.

AMA seeks to deliver 200% of the daily performance of AMAT’s stock, offering active traders a tactical way to express short-term bullish views on the buildout of artificial intelligence (AI) infrastructure, growth in semiconductor capital equipment spending, leading-edge chip manufacturing for high-performance computing and memory, and innovation across the global semiconductor and display technology ecosystem—without the need for a margin account.

Investment Objective

The Fund seeks daily investment results, before fees and expenses, of two times (200%) the daily percentage change in the share price of Applied Materials, Inc. (Nasdaq: AMAT). The Fund does not seek to achieve its stated investment objective for a period other than a single trading day.

Underlying Stock: Applied Materials, Inc.

Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets, supplying critical materials engineering technologies used in the fabrication of virtually every advanced chip in the world, including those powering artificial intelligence, high-performance computing, and next-generation displays. Applied Materials is listed on the Nasdaq Stock Market and is classified within the semiconductors and semiconductor equipment industry.

An investment in the ETF is not a direct investment in Applied Materials, Inc.

The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage, and are willing to monitor their portfolios frequently. The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. The Fund pursues daily leveraged investment objectives, which means it is riskier than alternatives that do not use leverage. The Fund magnifies the performance of the Underlying Security and is designed strictly for short-term use. For periods longer than a single day, the Fund’s performance will be the result of compounded daily returns, which is very likely to differ from 200% of the return of AMAT over the same period. It is possible that investors could lose their entire principal within a single trading day.