Deposit-Funded Credit Underwriters

Own lenders that fund credit portfolios with customer deposits and earn lending spreads, rather than payment networks or trading platforms. The basket emphasizes consumer-credit underwriting across established banks and digital challengers, distinct from wholesale capital markets. Recent weakness in several established bank shares creates an entry opportunity, but deteriorating credit quality and rising deposit costs remain the central risks. Launch basket (equal weight): BAC, WFC, NU, JPM, C, COF, AXP, SOFI Rules: 1. No inverse, leveraged or volatility ETFs. 2. Only names tradable at the enrolled brokers (Moomoo): no OTC listings, no dead tickers, nothing on the refused list.