ABOUT THIS FUND
XAGI seeks to deliver two times the daily performance of KraneShares Artificial Intelligence & Technology ETF (NASDAQ: AGIX), an actively managed ETF that uses an index to select companies worldwide involved in developing and applying artificial intelligence technologies. Rather than holding AGIX directly, the fund primarily uses derivatives such as swap agreements and options to create leveraged exposure. 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 AGIX due to compounding effects. The fund may also obtain leveraged exposure through exchange-traded equity futures contracts and exchange-traded options contracts, including standardized call and put options. Collateral supporting these derivative positions may be invested in money market instruments, repurchase agreements, or short-term US government securities.