For the period ending March 31, 2026, the Fund had a total return of -88.29% since inception on June 9, 2025, and an average daily statistical correlation of over 0.99 to two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of -54.09% and an annualized volatility of 72.83%.

The Reference Asset performance was driven by the performance of its aerospace business.  For more information on Archer Aviation financial performance, please see the Archer Aviation annual shareholders report and quarterly filings.  Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

For the period ending March 31, 2026, the Fund had a total return of -80.03% since inception on August 11, 2025  and an average daily statistical correlation of over 0.99 to two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of -38.92% and an annualized volatility of 88.86%.

The Reference Asset performance was driven by the performance of its semiconductor business.  For more information on the company’s financial performance, please see the Astera Labs annual shareholders report and quarterly filings.  Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

For the period ending March 31, 2026, the Fund had a total return of 30.68% since inception on September 8, 2025 and an average daily statistical correlation of over 0.99 to two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of 56.18% and an annualized volatility of 109.58%.

The Reference Asset performance was driven by the performance of its digital infrastructure solutions business.  For more information on the company’s financial performance, please see the Applied Digital annual shareholders report and quarterly filings.  Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

For the period ending March 31, 2026, the Fund had a total return of 18.48% since inception on April 24, 2025 and an average daily statistical correlation of over 0.99 to two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of 43.77% and an annualized volatility of 71.54%.

The Reference Asset performance was driven by the performance of its software and AI solutions business.  For more information on the company’s financial performance, please see the AppLovin annual shareholders report and quarterly filings.  Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

On October 2, 2025, the Trust’s Board approved a three-for-one forward share split for shares of the Fund, effective after the close of business on October 20, 2025. 

For the period ending March 31, 2026, the Fund had a total return of 45.48% since inception on July 10, 2025 and an average daily statistical correlation of over 0.99 to two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of 81.81% and an annualized volatility of 103.98%.

The Reference Asset performance was driven by the performance of its telecommunications business.  For more information on the company’s financial performance, please see the AST Spacemobile annual shareholders report and quarterly filings.  Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

For the period ending March 31, 2026, the Fund had a total return of -36.72% since inception on July 10, 2025 and an average daily statistical correlation of over 0.99 to two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of -12.83% and an annualized volatility of 46.76%.

The Reference Asset performance was driven by the performance of its sustainable energy business.  For more information on the company’s financial performance, please see the Constellation Energy annual shareholders report and quarterly filings.  Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

For the period ending March 31, 2026, the Fund had a total return of -66.28% since inception on September 15, 2025 and an average daily statistical correlation of over 0.99 to two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of -24.02% and an annualized volatility of 103.08%.

The Reference Asset performance was driven by the performance of its bitcoin mining business.  For more information on the company’s financial performance, please see the Cleanspark annual shareholders report and quarterly filings.  Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

For the period ending March 31, 2026, the Fund had a total return of -65.40% since inception on November 4, 2025  and an average daily statistical correlation of over 0.99 to two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of -31.38% and an annualized volatility of 70.73%.

The Reference Asset performance was driven by the performance of its information technology services business.  For more information on the company’s financial performance, please see the Core Scientific annual shareholders report and quarterly filings.  Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

For the period ending March 31, 2026, the Fund had a total return of -79.88% since inception on September 15, 2025   and an average daily statistical correlation of over 0.99 to two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of -42.76% and an annualized volatility of 86.63%.

The Reference Asset performance was driven by the performance of its connectivity solutions business.  For more information on the company’s financial performance, please see the Credo Technology annual shareholders report and quarterly filings.  Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

For the period ending March 31, 2026, the Fund had a total return of -84.35% since inception on July 10, 2025  and an average daily statistical correlation of over 0.99 to two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of -38.44% and an annualized volatility of 97.23%.

The Reference Asset performance was driven by the performance of its software and cloud services business.  For more information on the company’s financial performance, please see the Coreweave annual shareholders report and quarterly filings.  Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

For the period ending March 31, 2026, the Fund had a total return of -35.72% since inception on August 11, 2025  and an average daily statistical correlation of over 0.99 to two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of -8.37% and an annualized volatility of 59.07%.

The Reference Asset performance was driven by the performance of its cloud-based software solutions business.  For more information on the company’s financial performance, please see the Datadog annual shareholders report and quarterly filings.  Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

For the period ending March 31, 2026, the Fund had a total return of -33.52% since inception on September 15, 2025  and an average daily statistical correlation of over 0.99 to two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of -0.45% and an annualized volatility of 81.06%.

The Reference Asset performance was driven by the performance of its solar energy equipment business.  For more information on the company’s financial performance, please see the Enphase Energy annual shareholders report and quarterly filings.  Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

For the period ending March 31, 2026, the Fund had a total return of 107.16% since inception on July 10, 2025 and an average daily statistical correlation of over 0.99 to two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of 62.26% and an annualized volatility of 50.37%.

The Reference Asset performance was driven by the performance of its electric power business.  For more information on the company’s financial performance, please see the GE Vernova annual shareholders report and quarterly filings.  Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

For the period ending March 31, 2026, the Fund had a total return of -5.16% since inception on March 23, 2026  and an average daily statistical correlation of over 0.99 to two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of -2.44% and an annualized volatility of 26.34%.

The Reference Asset performance was driven by the performance of its information technology business.  For more information on the company’s financial performance, please see the International Business Machines annual shareholders report and quarterly filings.  Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

For the fiscal year ended March 31, 2026, the Fund had a total return of 39.19% and an average monthly statistical correlation of over 0.99 to two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of 23.99% and an annualized volatility of 22.52%.

The Index performance was driven by the performance of its ten largest companies (NVIDIA, Microsoft, Apple, etc.) which accounted for nearly 50% of the Index weight. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

On May 21, 2025, the Trust’s Board approved a one-for-five reverse share split for shares of the Fund, effective after the close of business on June 2, 2025.

For the fiscal year ended March 31, 2026, the Fund had a total return of 37.94% and an average quarterly statistical correlation of over 0.99 to two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of 23.99% and an annualized volatility of 22.52%.

The Index performance was driven by the performance of its ten largest companies (NVIDIA, Microsoft, Apple, etc.) which accounted for nearly 50% of the Index weight. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

On May 21, 2025, the Trust’s Board approved a one-for-five reverse share split for shares of the Fund, effective after the close of business on June 2, 2025.

For the fiscal year ending March 31, 2026, the Fund had a total return of 58.52% and an average daily statistical correlation of over 0.99 to two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of 42.06% and an annualized volatility of 42.25%.

The Reference Asset performance was driven by the performance of its ten largest companies (Tesla, CRISPR, etc.) which accounted for over 50% of the Reference Asset weight. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

For the period ending March 31, 2026, the Fund had a total return of -75.53% since inception on September 8, 2025 and an average daily statistical correlation of over 0.99 to two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of -38.45% and an annualized volatility of 73.00%.

The Reference Asset performance was driven by the performance of its air mobility business.  For more information on the company’s financial performance, please see the Joby Aviation annual shareholders report and quarterly filings.  Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

For the period ending March 31, 2026, the Fund had a total return of 272.48% since inception on August 18, 2025 and an average daily statistical correlation of over 0.99 to two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of 113.99% and an annualized volatility of 53.47%.

The Reference Asset performance was driven by the performance of its semiconductor business.  For more information on the company’s financial performance, please see the Lam Research annual shareholders report and quarterly filings.  Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

For the period ending March 31, 2026, the Fund had a total return of -21.40% since inception on August 18, 2025  and an average daily statistical correlation of over 0.99 to two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of 7.80% and an annualized volatility of 78.22%.

The Reference Asset performance was driven by the performance of its database software business.  For more information on the company’s financial performance, please see the MongoDB annual shareholders report and quarterly filings.  Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

For the period ending March 31, 2026, the Fund had a total return of 28.88% since inception on September 8, 2025  and an average daily statistical correlation of over 0.99 to two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of 61.97% and an annualized volatility of 113.99%.

The Reference Asset performance was driven by the performance of its AI cloud platform business.  For more information on the company’s financial performance, please see the Nebius Group annual shareholders report and quarterly filings.  Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

For the period ending March 31, 2026, the Fund had a total return of -2.61% since inception on September 8, 2025 and an average daily statistical correlation of over 0.99 to two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of 56.33% and an annualized volatility of 122.73%.

The Reference Asset performance was driven by the performance of its semiconductor business.  For more information on the company’s financial performance, please see the Navitas Semiconductor annual shareholders report and quarterly filings.  Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

For the period ending March 31, 2026, the Fund had a total return of -72.16% since inception on September 8, 2025 and an average daily statistical correlation of over 0.99 to two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of -33.00% and an annualized volatility of 79.73%.

The Reference Asset performance was driven by the performance of its autonomous vehicle technology business.  For more information on the company’s financial performance, please see the Pony AI annual shareholders report and quarterly filings.  Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

For the period ending March 31, 2026, the Fund had a total return of 6.00% since inception on April 24, 2025  and an average daily statistical correlation of over 0.99 to two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of 91.63% and an annualized volatility of 118.79%.

The Reference Asset performance was driven by the performance of its quantum computing business.  For more information on the company’s financial performance, please see the D-Wave Quantum annual shareholders report and quarterly filings.  Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

For the period ending March 31, 2026, the Fund had a total return of -93.96% since inception on June 23, 2025 and an average daily statistical correlation of over 0.99 to two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of -60.86% and an annualized volatility of 98.67%.

The Reference Asset performance was driven by the performance of its quantum computing business.  For more information on the company’s financial performance, please see the Quantum Computing annual shareholders report and quarterly filings.  Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

For the period ending March 31, 2026, the Fund had a total return of -34.05% since inception on June 23, 2025 and an average daily statistical correlation of over 0.99 to two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of 30.12% and an annualized volatility of 106.21%.

The Reference Asset performance was driven by the performance of its quantum computing.  For more information on the company’s financial performance, please see the Rigetti Computing annual shareholders report and quarterly filings.  Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

On October 2, 2025, the Trust’s Board approved a three-for-one forward share split for shares of the Fund, effective after the close of business on October 20, 2025.

For the period ending March 31, 2026, the Fund had a total return of -96.31% since inception on July 10, 2025 and an average daily statistical correlation of over 0.99 to two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of -69.91% and an annualized volatility of 100.91%.

The Reference Asset performance was driven by the performance of its small modular reactor business.  For more information on the company’s financial performance, please see the Nuscale Power’s annual shareholders report and quarterly filings.  Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

On November 17, 2025, the Trust’s Board approved a one-for-five reverse share split for shares of the Fund, effective after the close of business on December 1, 2025.

For the fiscal year ended March 31, 2026, the Fund had a total return of 26.49% and an average quarterly statistical correlation of over 0.99 to two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of 17.80% and an annualized volatility of 18.54%.

The Index performance was driven by the performance of its ten largest companies (NVIDIA, Microsoft, Apple, etc.) which accounted for more than one-third of the Index weight. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

On May 21, 2025, the Trust’s Board approved a one-for-five reverse share split for shares of the Fund, effective after the close of business on June 2, 2025.

For the period ending March 31, 2026, the Fund had a total return of -69.74% since inception on May 12, 2025 and an average daily statistical correlation of over 0.99 to two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of -27.87% and an annualized volatility of 67.31%.

The Reference Asset performance was driven by the performance of its AI-enabled diagnostic medical solutions business.  For more information on the company’s financial performance, please see the Tempus AI annual shareholders report and quarterly filings.  Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

For the period ending March 31, 2026, the Fund had a total return of -88.07% since inception on September 15, 2025 and an average daily statistical correlation of over 0.99 to two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of -52.85% and an annualized volatility of 84.07%.

The Reference Asset performance was driven by the performance of its software business.  For more information on the company’s financial performance, please see the Unity Software annual shareholders report and quarterly filings.  Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

For the period ending March 31, 2026, the Fund had a total return of -88.81% since inception on June 9, 2025 and an average daily statistical correlation of over 0.99 to two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of -55.33% and an annualized volatility of 70.76%.

The Reference Asset performance was driven by the performance of its cloud-based AI lending platform business.  For more information on the company’s financial performance, please see the Upstart Holdings annual shareholders report and quarterly filings.  Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

For the period ending March 31, 2026, the Fund had a total return of -64.60% since inception on September 8, 2025  and an average daily statistical correlation of over 0.99 to two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of -20.50% and an annualized volatility of 84.97%.

The Reference Asset performance was driven by the performance of its national security and space solutions business.  For more information on the company’s financial performance, please see the Voyager Technologies annual shareholders report and quarterly filings.  Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

For the period ended March 31, 2026, the Fund had a total return of 8.35% since inception on November 28, 2025 and an average monthly statistical correlation of over 0.99 to two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of -6.56% and an annualized volatility of 16.00%.

The Index performance was driven by the performance of its ten largest companies (NVIDIA, Microsoft, Apple, etc.) which accounted for nearly 50% of the Index weight. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

For the fiscal year ending March 31, 2026, the Fund had a total return of -34.22% and an average daily statistical correlation of over 0.99 to negative two times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of 42.06% and an annualized volatility of 42.25%.

The Reference Asset performance was driven by the performance of its ten largest companies (Tesla, CRISPR, etc.) which accounted for over 50% of the Reference Asset weight. Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.

For the fiscal year ending March 31, 2026, the Fund had a total return of -61.63% and an average daily statistical correlation of over 0.99 to negative one and a half times that of the return of the Reference Asset after fees and the cost of leverage financing. For the same period, the Reference Asset had a total return of 60.95% and an annualized volatility of 41.23%.

The Reference Asset performance was driven by the performance of its artificial intelligence business and other business lines.  For more information on NVIDIA financial performance, please see the NVIDIA annual shareholders report and quarterly filings.  Primary factors affecting Fund performance include the total return of the securities and derivatives held by the Fund, the performance of the assets to which any derivatives are linked, financing rates paid or earned, the types of derivative contracts used and their correlation to the Fund’s Index, expenses, transaction costs, the volatility of the Fund’s Reference Asset (and its impact on compounding), and other miscellaneous factors.