This actively managed Exchange Traded Fund (ETF) aims to deliver daily returns equivalent to 150% of PYPL's performance, prior to the deduction of fees and expenses. This objective applies strictly to single-day performance, not cumulative returns over extended periods. Under typical market conditions, the fund allocates at least 80% of its portfolio to financial instruments, predominantly swap agreements linked to PYPL, which are structured to provide one-and-a-half times leveraged exposure to PYPL's daily movements.