Tradr 2X Long PATH Daily ETF (PATX)

Overview

PATX is a tactical financial tool designed to deliver twice (200%) the daily performance of UiPath, Inc. (PATH), prior to deducting any fees and expenses. The fund primarily engages in total return swap agreements with leading global financial institutions, which are structured to replicate the daily returns of PATH. In scenarios where swaps are not available or are deemed inefficient, the fund may alternatively utilize FLEX call options or may invest directly in PATH stock. Investors holding shares for periods extending beyond a single day must actively monitor and regularly rebalance their positions to strive for the targeted 2x multiple. It is imperative for investors to conduct thorough individual stock research before entering any position, trading with a high degree of conviction. The complexities associated with this product dictate that shares are likely to perform as expected only when the underlying stocks are on an upward trend, with holders positioned favorably in accordance with this trading strategy. Any excess cash is strategically invested in secure collateral assets, such as U.S. Treasuries, money market funds, or short-term corporate debt.

Products and Services

• Total Return Swap Agreements

  The primary vehicle through which PATX achieves its goal of 200% daily performance of PATH. These agreements are contracts between the fund and major financial institutions that allow PATX to receive the returns of PATH directly, without holding the actual shares. This method is generally preferred for its efficiency in mirroring the desired performance.

• FLEX Call Options

  In cases where total return swaps are not available or are less efficient, PATX may utilize FLEX call options as a substitute investment strategy. These options provide the fund the flexibility to respond to market conditions while still aiming to achieve the target performance relative to PATH.

• Direct Holdings of PATH stock

  When necessary, PATX may directly acquire shares of UiPath, Inc. This strategy allows the fund to participate directly in the stock's performance, supporting the goal of achieving a 2x daily return.

• Active Position Monitoring

  Investors in PATX must remain vigilant about their holdings, particularly if held for longer than one day. Frequent monitoring and rebalancing of positions are essential to align with the performance objectives, especially during fluctuating market dynamics.

• Cash Investments in Collateral

  Any liquidity not actively used in swaps, options, or stock purchases is allocated to secure collateral investments. These may include U.S. Treasuries, money market instruments, or short-term corporate securities, ensuring that the fund maintains stability and liquidity.