The Defiance Daily Target 2X Short PLTR ETF, referred to as "the Fund," is engineered to deliver daily returns that correspond to two times the inverse movement (-200%) of the daily performance of Palantir Technologies Inc. (NYSE: PLTR) shares, before factoring in fees and expenses. Its unique strategy of seeking daily inverse leveraged returns sets it apart from typical exchange-traded funds. Consequently, there's no assurance it will consistently achieve its stated objective. It's crucial to understand that this Fund's design is strictly for single-day performance; investors should not expect its cumulative return over periods longer than one trading day to simply be -200% of PLTR's total return, due to the effects of daily compounding.

YTD	9.44%
1Y	-39.39%
1Y volatility	105.03%
3Y volatility	0.00%
Sharpe ratio	0.00

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