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The Defiance Daily Target 2x Long ONDS ETF (ONDL) is designed for investors seeking amplified exposure to advanced wireless connectivity, industrial networking, and defense-related communications technology through a leveraged equity vehicle. ONDL aims to deliver two times (2x) the daily performance of Ondas Holdings Inc (ONDS), before fees and expenses. Rather than holding physical infrastructure or operating assets, the ETF achieves its exposure through derivatives and other financial instruments linked to ONDS’s equity performance, providing magnified participation within a regulated exchange-traded fund framework.
Unlike traditional technology or defense-themed ETFs, ONDL is a daily leveraged product, meaning its 2x exposure objective applies only on a single trading-day basis. Due to daily rebalancing, compounding effects, and equity market volatility, returns over periods longer than one day may diverge materially from two times the cumulative performance of ONDS. As such, ONDL should be viewed as a short-term tactical trading instrument, not as a long-term proxy for holding industrial wireless or defense communications equities.

Exposure to a Policy- and Catalyst-Driven Industry
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Past performance is not a reliable indicator of future performance.
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