ABOUT THIS FUND
HOOC seeks to deliver 200% of the daily performance of Robinhood Markets, Inc. (NASDAQ: HOOD), through derivatives such as swap agreements and exchange-traded equity futures to create leveraged exposure. HOOD is a financial services platform, which engages in the provision of retail brokerage and offers trading in US-listed stocks and ETFs, related options, and cryptocurrency trading, as well as cash management, which includes debit cards services. 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 HOOD due to compounding effects. Collateral supporting these derivative positions may be invested in money market instruments, repurchase agreements, or short-term US government securities.