ABOUT THIS FUND
UUUC seeks to deliver 200% of the daily performance of Energy Fuels Inc. (NYSE: UUUU) through derivatives such as swap agreements and exchange-traded equity futures to create leveraged exposure. Energy Fuels Inc. is a critical materials company that extracts, processes, and sells uranium, vanadium, rare earth elements, and heavy mineral sands. 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 UUUU due to compounding effects. Collateral supporting these derivative positions may be invested in money market instruments, repurchase agreements, or short-term US government securities.