ASTN

Defiance Daily Target 2X Short ASTS ETF is an actively managed, non-diversified fund that seeks to provide daily investment results, before fees and expenses, that correspond to two times the inverse (-200%) of the daily performance of the common stock of AST Spacemobile, Inc. (ASTS). The fund is designed as a short-term trading vehicle for investors who wish to express a bearish view on the underlying stock or to hedge existing exposure, utilizing financial derivatives to achieve its aggressive leveraged inverse objective on a daily basis.