Defiance Daily Target 2X Long OSS ETF (OSSL)

Defiance Daily Target 2X Long OSS ETF (OSSL) seeks daily investment results, before fees and expenses, of 2 times (2x) the daily percentage change in the share price of One Stop Systems (OSS). It is a single-stock leveraged ETF sponsored by Defiance ETFs, giving amplified long exposure to one company.

The underlying company, One Stop Systems, designs and manufactures rugged high-performance computing systems, including GPU and storage servers, for edge and defense applications. The fund does not usually own the reference shares outright in the required amount; instead it obtains its exposure mainly through derivatives such as swap agreements and options, backed by cash and short-term Treasury holdings.

Because the fund rebalances to its target exposure every day, its stated multiple applies to a single day only. Over periods longer than one day, compounding means the fund's cumulative return can differ significantly from 2 times the stock's return over the same period, particularly when the share price is volatile.