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About Volatility Shares Trust 2x Corn ETF
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Inception date
Dec 5, 2024
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
CORX is a leveraged ETF, and like all geared products, is intended to be held only for short periods, it is not appropriate for buy-and-hold investors. The fund provides 2x the return of corn futures on a daily basis. Daily compounding of returns can lead to the fund's returns varying significantly from the 2x exposure over longer holding period. The fund will use the price of corn that is reflected in the next, or second to next, expiring corn futures contract. CORX is a tactical tool, so trading costs and volume matter. The fund manages its commodity exposure through a wholly owned Cayman Islands subsidiary, a common structure in the commodity ETF space which allows the fund to avoid issuing k-1 tax forms each year.
Classification
What's in the fund
Exposure type
Mutual fund
Bonds, Cash & Other100.00%
Mutual fund99.95%
Cash0.05%
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