ETF overview
The Defiance Daily Target 2X Long AVGO ETF (AVGX) is engineered to provide magnified daily investment outcomes. Specifically, it aims to mirror, at a two-hundred percent (200%) rate, the daily percentage movements in the stock price of Broadcom Inc. (NASDAQ: AVGO), referred to as the "Underlying Security" or "AVGO". It is crucial to note that AVGX does not invest directly in AVGO shares. Due to its strategy of seeking daily leveraged returns, this Fund operates distinctly from most conventional exchange-traded funds. Consequently, it presents a heightened risk profile compared to investment vehicles that do not employ leverage. There is no assurance that AVGX will consistently achieve its stated objective. Moreover, investors should not expect the Fund to deliver twice the cumulative return of AVGO over periods exceeding a single day, as its design is exclusively focused on daily performance.
Fund facts
- Leverage
- 2x daily
- Expense ratio
- 1.31%
- Fund assets
- 165.28M USD (all share classes)
- Issuer
- Defiance
- Inception date
- Aug 21, 2024
- Number of holdings
- 9
Holdings (9)
| Name | Ticker | Exposure |
|---|---|---|
| United States Treasury Bill 11/19/2026 | 99.63% | |
| BROADCOM INC SWAP MS | 42.60% | |
| BROADCOM INC COM SWAP MAREX - L | 31.49% | |
| BROADCOM INC COM SWAP CS - L | 29.36% | |
| BROADCOM INC SWAP NBC-L | 28.91% | |
| BROADCOM INC COM - SWAP - NM - L | 28.08% | |
| BROADCOM INC COM SWAP CAN - L | 26.52% | |
| BROADCOM INC SWAP BMO | 12.12% | |
| First American Government Obligations Fund 12/01/2031 | 0.25% |
This is a leveraged or inverse fund. Exposure is each position's value as a share of the fund's net assets, so swaps and futures can take it above 100% or below 0%. Cash held as collateral is not listed.
Historical returns do not guarantee future returns. This is not investment advice.
- Leverage
- 2x daily
- Expense ratio
- 1.31%
- Fund assets
- 165.28M USD (all share classes)
- Issuer
- Defiance
- Inception date
- Aug 21, 2024
- Number of holdings
- 9
| Name | Ticker | Exposure |
|---|---|---|
| United States Treasury Bill 11/19/2026 | 99.63% | |
| BROADCOM INC SWAP MS | 42.60% | |
| BROADCOM INC COM SWAP MAREX - L | 31.49% | |
| BROADCOM INC COM SWAP CS - L | 29.36% | |
| BROADCOM INC SWAP NBC-L | 28.91% | |
| BROADCOM INC COM - SWAP - NM - L | 28.08% | |
| BROADCOM INC COM SWAP CAN - L | 26.52% | |
| BROADCOM INC SWAP BMO | 12.12% | |
| First American Government Obligations Fund 12/01/2031 | 0.25% |
This is a leveraged or inverse fund. Exposure is each position's value as a share of the fund's net assets, so swaps and futures can take it above 100% or below 0%. Cash held as collateral is not listed.
The Defiance Daily Target 2X Long AVGO ETF (AVGX) is engineered to provide magnified daily investment outcomes. Specifically, it aims to mirror, at a two-hundred percent (200%) rate, the daily percentage movements in the stock price of Broadcom Inc. (NASDAQ: AVGO), referred to as the "Underlying Security" or "AVGO". It is crucial to note that AVGX does not invest directly in AVGO shares. Due to its strategy of seeking daily leveraged returns, this Fund operates distinctly from most conventional exchange-traded funds. Consequently, it presents a heightened risk profile compared to investment vehicles that do not employ leverage. There is no assurance that AVGX will consistently achieve its stated objective. Moreover, investors should not expect the Fund to deliver twice the cumulative return of AVGO over periods exceeding a single day, as its design is exclusively focused on daily performance.
Unlock all ETF data
Sign up for FreeUnlock all ETF data
Sign up for Free