ETF overview
The Defiance Daily Target 2X Long MSTR ETF (referred to as "the Fund") is designed to deliver daily investment returns that are two times (200%) the daily percentage change in the share price of MicroStrategy Incorporated (Nasdaq: MSTR). Distinct from most traditional exchange-traded funds, this Fund employs a leveraged, daily-resetting strategy, and there is no guarantee it will consistently meet its stated daily objective. Investors should be aware that its cumulative performance over periods longer than a single day will very likely not be double the cumulative return of MSTR.
Fund facts
- Leverage
- 2x daily
- Expense ratio
- 1.31%
- Fund assets
- 304.65M USD (all share classes)
- Issuer
- Defiance
- Inception date
- Aug 14, 2024
- Number of holdings
- 8
Holdings (8)
| Name | Ticker | Exposure |
|---|---|---|
| STRATEGY INC SWAP CLEARSTREET | 47.80% | |
| United States Treasury Bill 11/19/2026 | 39.65% | |
| STRATEGY INC SWAP JNST-L | 38.38% | |
| STRATEGY SWAP NBC-L | 34.27% | |
| STRATEGY INC SWAP MAREX | 33.78% | |
| STRATEGY INC INC SWAP CANTOR | 32.64% | |
| STRATEGY INC SWAP BMO | 12.42% | |
| First American Government Obligations Fund 12/01/2031 | 6.46% |
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
- 304.65M USD (all share classes)
- Issuer
- Defiance
- Inception date
- Aug 14, 2024
- Number of holdings
- 8
| Name | Ticker | Exposure |
|---|---|---|
| STRATEGY INC SWAP CLEARSTREET | 47.80% | |
| United States Treasury Bill 11/19/2026 | 39.65% | |
| STRATEGY INC SWAP JNST-L | 38.38% | |
| STRATEGY SWAP NBC-L | 34.27% | |
| STRATEGY INC SWAP MAREX | 33.78% | |
| STRATEGY INC INC SWAP CANTOR | 32.64% | |
| STRATEGY INC SWAP BMO | 12.42% | |
| First American Government Obligations Fund 12/01/2031 | 6.46% |
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 MSTR ETF (referred to as "the Fund") is designed to deliver daily investment returns that are two times (200%) the daily percentage change in the share price of MicroStrategy Incorporated (Nasdaq: MSTR). Distinct from most traditional exchange-traded funds, this Fund employs a leveraged, daily-resetting strategy, and there is no guarantee it will consistently meet its stated daily objective. Investors should be aware that its cumulative performance over periods longer than a single day will very likely not be double the cumulative return of MSTR.
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