T-Rex 2X Inverse Ether Daily Target ETF seeks daily investment results, before fees and expenses, of 200% of the inverse (or opposite) of the daily performance of spot Ether. The fund, under normal circumstances, invests in swap agreements that provide 200% inverse (opposite) daily exposure to the Reference Assets equal to at least 80% of the fund's net assets (plus borrowings for investment purposes). Swap agreements are entered into primarily with major global financial institutions for a specified period which may range from one day to more than one year. The fund is non-diversified.
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