IREC

ABOUT THIS FUND

IREC seeks to deliver 200% of the daily performance of IREN Ltd. (NASDAQ: IREN), through derivatives such as swap agreements and exchange-traded equity futures to create leveraged exposure. IREN Ltd. is a vertically integrated data center business powering the future of Bitcoin, AI and beyond with renewable energy. 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 IREN due to compounding effects. Collateral supporting these derivative positions may be invested in money market instruments, repurchase agreements, or short-term US government securities.