UWM

As a levered product with daily resets, UWM is not a buy-and-hold ETF, it's a short-term tactical instrument designed to provide 2x exposure to the Russell 2000, a market-cap-weighted index of 2,000 US companies primarily in the small-cap segment, but may include midcaps and micro-caps as well. The underlying index specifically contains the 1001st through the 3000th securities pulled from the Russell 3000 index, which covers approximately 10% of its total market capitalization. The fund may invest in securities across various sectors and industry groups without any bias. Over longer periods, returns can vary significantly from its guaranteed 2x exposure due to daily compounding.