The Defiance Daily Target 2X Long TSLA ETF, often referred to as "the Fund," is structured to deliver magnified daily investment outcomes, aiming to reflect twice (200%) the daily percentage movement in the stock price of Tesla, Inc. (NASDAQ: TSLA). Given its focus on achieving leveraged daily results, this Fund is distinctly different from most conventional exchange-traded funds, and there is no certainty that it will consistently meet its stated daily target. It is important for investors to understand that this Fund is not designed, nor should it be anticipated, to provide double the cumulative performance of TSLA for periods extending beyond a single trading day.