T-Rex 2X Inverse NVIDIA Daily Target ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 2 holdings as of Mar 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About NVDQ
TheFund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in financialinstruments that are designed to provide, in the aggregate, 200% inverse (opposite) exposure to the price performance of NVDAon a daily basis. The Fund may also seek to achieve its investment objective by purchasing put options on NVDA or by engagingin short sales of the common stock of NVDA. The Adviser will determine the allocation of the Fund’s investments in swapagreements, put options and short sales of NVDA common stock based upon various factors including, but not limited to, counterpartycapacity, financing charges, liquidity, collateral availability, and overall market conditions for a particular instrument. Shortsales of the common stock of NVDA is typically less efficient than the use of swap agreements because short sales do not provideleveraged returns. This may result in the Fund not achieving its -200% daily investment objective. TheFund will enter into one or more swap agreements with financial institutions whereby the Fund and the financial institution willagree to exchange the return earned on an investment by the Fund in NVDA that is equal, on a daily basis, to -200% of the valueof the Fund’s net assets. If the Adviser determines to use put options, the Fund will purchase exchange traded put options,including “FLEX Options,” with NVDA as the reference security. Put options give the holder (i.e., the buyer)the right to sell an asset and the seller (i.e., the writer) the obligation to purchase the asset at a certain definedprice. FLexible EXchange® Options (“FLEX Options”) are customized options contracts that trade on anexchange but provide investors with the ability to customize key contract terms like strike price, style and expiration date whileachieving price discovery in competitive, transparent auctions markets and avoiding the counterparty exposure of over-the-counter(OTC) options positions. Like traditional exchange-traded options, FLEX Options are guaranteed for settlement by the OCC, a marketclearinghouse that guarantees performance by counterparties to certain derivatives contracts. The FLEX Options are listed on theChicago Board Options Exchange. Ifthe Adviser determines to engage in short sales on the common stock of NVDA, the Fund will sell shares of NVDA that it has borrowed.When executing a short sale, the Fund borrows the security from a third party and sells it at the then current market price. TheFund is then obligated to buy the security on a later date and return the security to the lender. The Fund will realize a profitif the price of the underlying stock decreases or incur a loss if the price of the underlying stock increases while the Fund isholding the borrowed security. The Fund may reinvest the proceeds of its short sales. TheAdviser attempts to consistently apply leverage to obtain short NVDA exposure for the Fund equal to -200% of the value of itsnet assets and expects to rebalance the Fund’s holdings daily to maintain such exposure. As a result of its investment strategies,the Fund will be concentrated in the industry to which NVDA is assigned (i.e., hold 25% or more of its total assets ininvestments that provide inverse exposure in the industry to which NVDA is assigned). As of the date of this prospectus, NVDAis assigned to the semiconductors and related devices industry. TheFund will attempt to achieve its investment objective without regard to overall market movement or the increase or decrease ofthe value of NVDA. At the close of the markets each trading day, the Adviser rebalances the Fund’s portfolio so that itsexposure to NVDA is consistent with the Fund’s investment objective. The impact of NVDA’s price movements during theday will affect whether the Fund’s portfolio needs to be rebalanced. For example, if the price of NVDA has fallen on a givenday, net assets of the Fund should rise, meaning that the Fund’s exposure will need to be increased. Conversely, if theprice of NVDA has risen on a given day, net assets of the Fund should fall, meaning the Fund’s exposure will need to bereduced. This daily rebalancing typically results in high portfolio turnover. On a day-to-day basis, the Fund is expected to holdmoney market funds, deposit accounts with institutions with high quality (investment grade) credit ratings, and/or short-termdebt instruments that have terms-to-maturity of less than 397 days and exhibit high quality (investment grade) credit profiles,including U.S. government securities and repurchase agreements. Theterms “daily,” “day,” and “trading day,” refer to the period from the close of the marketson one trading day to the close of the markets on the next trading day. The Fund is “non-diversified,” under the InvestmentCompany Act of 1940, as amended. Additionally, the Fund’s investment objective is not a fundamental policy and may be changedby the Fund’s Board of Trustees without shareholder approval. NVIDIA,Corp. designs, develops, and markets three-dimensional (3D) graphics processors and related software. NVIDIA offers products thatprovide interactive 3D graphics to the mainstream personal computer market. NVIDIA pioneered accelerated computing to help solvethe most challenging computational problems. The company’s graphics processing units (GPUs) were initially used to simulatehuman imagination, enabling the virtual worlds of video games and films. NVIDIA has leveraged its GPU architecture to create platformsfor scientific computing, artificial intelligence, data science, autonomous vehicles, robotics, metaverse, and 3D internet applications.NVIDIA’s GPU brands are GeForce for games, Quadro/NVIDIA RTX GPUs for enterprise workstation graphics, and virtual GPU,for cloud-based visual and virtual computing. The company generates about 30% of the total revenue from the US. NVDA is registeredunder the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Information provided to or filed withthe Securities and Exchange Commission by NVIDIA, Corp. pursuant to the Exchange Act can be located by reference to the Securitiesand Exchange Commission file number 0-23985 through the Securities and Exchange Commission’s website at www.sec.gov. Inaddition, information regarding NVIDIA, Corp. may be obtained from other sources including, but not limited to, press releases,newspaper articles and other publicly disseminated documents. As of the date of this prospectus, NVDA is assigned to the semiconductorsand related devices industry. TheFund has derived all disclosures contained in this document regarding NVIDIA, Corp. from the publicly available documents describedabove. Neither the Fund, the Trust, the Adviser nor any affiliate has participated in the preparation of such documents. Neitherthe Fund, the Trust, the Adviser nor any affiliate makes any representation that such publicly available documents or any otherpublicly available information regarding NVIDIA, Corp. is accurate or complete. Furthermore, the Fund cannot give any assurancethat all events occurring prior to the date of the prospectus (including events that would affect the accuracy or completenessof the publicly available documents described above) that would affect the trading price of NVDA have been publicly disclosed.Subsequent disclosure of any such events or the disclosure of, or failure to disclose, material future events concerning NVIDIA,Corp. could affect the value of the Fund’s investments with respect to NVDA and therefore the value of the Fund. Becauseof daily rebalancing and the compounding of each day’s return over time, the return of the Fund for periods longer thana single day will be the result of each day’s returns compounded over the period, which will very likely differ from -200%of the return of the underlying security over the same period. The Fund will lose money if the underlying security performanceis flat over time, and as a result of daily rebalancing, the underlying security’s volatility and the effects of compounding,it is even possible that the Fund will lose money over time while the underlying security’s performance decreases over aperiod longer than a single day. TheFund may enter into swap agreements with a limited number of counterparties. If the underlying security has a dramatic move inprice that causes a material decline in the Fund’s NAV over certain stated periods agreed to by the Fund and the counterparty,the terms of a swap agreement between a Fund and its counterparty may permit the counterparty to immediately close out all swaptransactions with the Fund. There is a risk that no suitable counterparties will be willing to enter into, or continue to enterinto, transactions with the Fund and, as a result, the Fund may not be able to achieve its leveraged investment objective or maydecide to change its leveraged investment objective.
NVDQ News
Data for NVDQ is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.