ABOUT THIS FUND
CRD seeks to deliver 200% of the daily performance of Credo Technology Group Holding Ltd (NASDAQ: CRDO) through derivatives such as swap agreements and exchange-traded equity futures to create leveraged exposure. Credo Technology Group Holding Ltd provides high-speed connectivity solutions, hardware, and optical components designed to optimize bandwidth and energy efficiency for data infrastructure and artificial intelligence data centers. 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 CRDO due to compounding effects. Collateral supporting these derivative positions may be invested in money market instruments, repurchase agreements, or short-term US government securities.