DRAL

Defiance Daily Target 2X Long DRAM ETF seeks daily investment results, before fees and expenses, of two times (200%) the daily percentage change in the share price of the Roundhill Memory ETF (DRAM), targeting companies principally engaged in the development or manufacturing of semiconductor memory products. The fund provides tactical, short-term leveraged exposure to the semiconductor memory theme, including high bandwidth memory (HBM), dynamic random-access memory (DRAM), and solid-state storage technologies, without requiring a margin account.