Defiance 2X Daily Long Pure Quantum ETF(NASDAQ:QPUX)

QPUX uses swap agreements to make bullish bets on a target portfolio of 5 to 10 companies involved in quantum computing and machine learning. The target portfolio is equally weighted and consists of pure-play, large-cap US companies focused on advancing quantum hardware, software, communication, hybrid computing technologies, producing enabling components, and developing machine learning innovations. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in share price. As a leveraged product, it is designed for short-term tactical use, not as a long-term investment vehicle. Returns may deviate from the expected 2x if held longer than a single day due to factors like volatility and compounding effects. This strategy is high-risk and does not incorporate a defensive position. QPUX could potentially lose value over time, even if the target portfolios performance is strong. It is expected to invest in US short-term debt as collateral.