The FNGD MicroSectors FANG+ Index -3X Inverse Leveraged ETN is designed as a highly specialized, short-term trading instrument. It is intended solely for sophisticated investors who wish to implement daily tactical strategies, such as hedging against market upturns or seeking to profit from downward movements, as a component within a broader, diversified portfolio. The ETN tracks an underlying index that applies an equal-dollar weighting to a select group of actively traded, growth-oriented companies from the technology and consumer discretionary sectors, encompassing both dedicated technology firms and businesses significantly enabled by technology.

Amazon.com, Inc.

Alibaba Group Holding Limited

Baidu, Inc.

ProShares S&P 500 Dynamic Buffer ETF

Alphabet Inc.

Netflix, Inc.

NVIDIA Corporation

Tesla, Inc.

Twitter, Inc. (delisted)

Apple Inc.

Technology

Communication Services

Consumer Cyclical

MicroSectors FANG+ Index -3X Inverse Leveraged ETN

FNGD Holdings & Sector Breakdown