Defiance 2X Daily Long Pure Quantum ETF (QPUX)

The Defiance 2X Daily Long Pure Quantum ETF (ticker QPUX) is a leveraged exchange-traded fund from Defiance ETFs. It seeks daily investment results, before fees and expenses, of two times (200%) the daily performance of a basket of pure-play quantum computing companies.

The fund focuses on businesses whose operations center on quantum computing hardware, software and related technologies. It obtains its leveraged exposure through swap agreements and other derivatives and rebalances daily.

Because the 2x objective resets each day, results over periods longer than one day can differ significantly from twice the return of the underlying basket.