T-REX 2X Long Tesla Daily Target ETF (TSLT) Stock Price, Quote, News & History | Benzinga

The Fund, under normal circumstances, invests in swap agreements that provide 200% daily exposure to TSLA equal to at least 80% of its net assets (plus any borrowings for investment purposes). The Fund will enter into one or more swap agreements with major global financial institutions whereby the Fund and the global financial institution will agree to exchange the return earned on an investment by the Fund in TSLA that is equal, on a daily basis, to 200% of the value of the Funds net assets. The Adviser attempts to consistently apply leverage to obtain TSLA exposure for the Fund equal to 200% of the value of its net assets and expects to rebalance the Funds holdings daily to maintain such exposure. As a result of its investment strategies, the Fund will be concentrated in the industry to which TSLA is assigned (i.e., hold 25% or more of its total assets in investments that provide leveraged exposure in the industry to which TSLA is assigned). As of the date of this prospectus, TSLA is assigned to the motor vehicles and passenger car bodies industry.