Tradr 2X Long XNDU Daily ETF (XNDX)

The Tradr 2X Long XNDU Daily ETF (XNDX) is a leveraged single-stock exchange-traded fund offered by Tradr ETFs. It seeks daily investment results, before fees and expenses, equal to twice (2x) the daily percentage change of the shares trading under the ticker XNDU.

To obtain its leveraged exposure the fund typically uses swap agreements and other derivatives rather than holding only the underlying shares directly. The leverage target applies to a single trading day, and the fund rebalances its exposure daily.

Because returns compound day by day, performance over periods longer than one day can differ significantly from twice the return of the underlying stock over the same period, particularly when the stock is volatile.