#Leveraged

For 1Q, Nomura Floating Rate Fund Institutional Class shares outperformed the Fund's benchmark, the Morningstar LSTA US Leveraged Loan Index.

At the end of November 2025, there was about $160.5 billion invested in leveraged exchange-traded funds and notes (ETFs and ETNs). At that point, fund volumes accounted for approximately 8% of total trading activity on U.S. stock exchanges.

On the recent wick down, over $100M in BTC longs were suddenly opened One example of a long for $34M that just got opened with 40x leverage was just posted on X.…