Defiance Daily Target 2X Long AMAT ETF

Defiance Daily Target 2X Long AMAT ETF is a leveraged exchange-traded fund designed to provide daily amplified exposure to Applied Materials, Inc. The fund seeks to deliver two times the daily performance of Applied Materials’ share price through derivatives such as swap agreements and, in some cases, listed options, making it a tactical instrument for expressing short-term bullish views on the semiconductor equipment industry. It is focused on one underlying company rather than a broad basket of stocks, and it is structured for active market participants who want magnified exposure without using a margin account. Defiance Daily Target 2X Long AMAT ETF plays a niche role in the market by linking an ETF wrapper to a single semiconductor infrastructure leader whose products and services support chip manufacturing, display production, and related advanced technology markets.