Overview
The Defiance Daily Target 2X Long PM ETF (XPM) provides investors with amplified daily exposure to Philip Morris International Inc. (NYSE: PM), a global leader in tobacco and reduced-risk products. XPM seeks to deliver 200% of the daily performance of Philip Morris, enabling investors to participate in the company’s transition to a smoke-free future without 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 Philip Morris International Inc. The Fund does not seek to achieve its stated investment objective for a period other than a single trading day.
Underlying Stock: Philip Morris International Inc.
Philip Morris International is one of the world’s largest tobacco companies, engaged in the manufacture and sale of cigarettes, smoke-free products, and related devices. With its flagship IQOS platform and expanding reduced-risk product portfolio, the company is pursuing innovation and sustainability initiatives across more than 180 markets.
The Fund may not achieve results, before fees and expenses, that correspond to 200% of the daily performance of the Underlying Security, and may return substantially less during such periods. Actual leveraged exposure may differ from its intended target intraday and at the close of trading, potentially resulting in more volatile returns. The Fund is not suitable for all investors. It is intended only for knowledgeable investors who understand the risks of daily leveraged strategies and actively monitor their portfolios. Over periods longer than a single day, the Fund may lose money if the Underlying Security’s performance is flat, and can lose money even if the Underlying Security increases over such periods. An investor could lose the full principal value in a single day.
