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* Exchange-Traded Fund
The Tradr 2X Long USAR Daily ETF (USAX) is a specialized financial instrument designed for short-term, tactical trading strategies. Its primary objective is to deliver twice (200%) the daily percentage change of USA Rare Earth, Inc. (USAR) stock, prior to the deduction of fees and operational expenses. To achieve this leveraged exposure, the fund predominantly engages in total return swap agreements with leading global financial institutions, which are structured to replicate USAR's daily price movements. Should these swap contracts become unavailable or less efficient, USAX retains the flexibility to employ FLEX call options or directly acquire shares of USAR stock. Investors intending to hold shares for periods exceeding a single trading day must commit to frequent monitoring and rebalancing of their positions to attempt to preserve the intended two-fold leverage. Given the intricate nature of this product, its performance generally aligns with expectations only when the underlying USAR stock demonstrates a clear trending direction, and the holder's investment is positioned to benefit from that trend. Any uninvested cash within the fund is strategically placed into collateral assets such as U.S. Treasury securities, money market instruments, or short-term corporate debt.
