FDRX – Founder-Led 2x Daily ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Founder-Led Index. The advisor follows a passive approach designed to deliver a multiple of the index’s daily move rather than to outperform the index. Under normal circumstances, the fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in securities of founder-led companies. The index’s eligible universe includes common equity securities of U.S.-listed companies with primary listings only. It is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FDRX	Founder-Led 2x Daily ETF Shares	ETF	Open	—	—	Jan 14, 2026	$1.27M	1.080%	—	—	—

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