Please see the preliminary prospectus for more information. Although the Fund has an effective registration statement with the SEC, the Fund will not be available for trading until 06-12-2026.
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. For periods longer than a single day, the Fund will lose money if the Underlying Security's performance is flat, and it is possible that the Fund will lose money even if the Underlying Security's performance increases over a period longer than a single day. An investor could lose the full principal value of his/her investment within a single day.
An investment in the Fund is not a direct investment in SpaceX.
The Fund is non-diversified and concentrated in a single issuer; it uses swaps and other derivatives to obtain leveraged exposure, and is subject to counterparty risk, derivatives risk, leverage risk, daily-reset/compounding risk, and the heightened volatility associated with newly-listed securities (IPO risk).
Consider the Fund's investment objectives, risks, charges, and expenses carefully before investing. The prospectus contains this and other information; read it carefully before investing. To obtain a prospectus, visit defianceetfs.com/spcu/prospectus or call 833.333.9383.
Investing involves risk. Principal loss is possible.
Defiance ETFs are distributed by Foreside Fund Services, LLC.
SpaceX® and SPCX are referenced for identification only. This site and the Fund are not affiliated with, sponsored by, or endorsed by Space Exploration Technologies Corp.
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