ETF overview
The Defiance Daily Target 2X Long SMCI ETF (referred to as “the Fund”) aims to deliver investment returns that are twice (200%) the daily percentage change in the share price of Super Micro Computer, Inc. (NASDAQ: SMCI). Due to its design for achieving daily leveraged results, this Fund operates distinctly from most other exchange-traded funds, and there is no guarantee that it will consistently meet its specified daily objective. It is important for investors to understand that the Fund is not expected to yield two times the cumulative return of SMCI for any duration longer than a single trading day.
Fund facts
- Leverage
- 2x daily
- Expense ratio
- 1.32%
- Fund assets
- 129.92M USD (all share classes)
- Issuer
- Defiance
- Inception date
- Aug 21, 2024
- Number of holdings
- 10
Holdings (10)
| Name | Ticker | Exposure |
|---|---|---|
| United States Treasury Bill 11/19/2026 | 42.48% | |
| SUPER MICRO COMPUTER INC SWAP MS | 36.52% | |
| SUPER MICRO COMPUTER INC NOMURA | 29.85% | |
| SUPER MICRO COMPUTER INC SWAP MAR - L | 29.20% | |
| SUPER MICRO COMPUTER INC COM SWAP CS - L | 27.99% | |
| SUPER MICRO COMPUTER SWAP JNST-L | 27.95% | |
| SUPER MICRO COMPUTER INC SWAP NBC-L | 25.49% | |
| SUPER MICRO COMPUTER INC COM SWAP CAN - L | 24.73% | |
| SUPER MICRO COMPUTER INC SWAP BMO | 11.42% | |
| First American Government Obligations Fund 12/01/2031 | 4.61% |
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
- 1.32%
- Fund assets
- 129.92M USD (all share classes)
- Issuer
- Defiance
- Inception date
- Aug 21, 2024
- Number of holdings
- 10
| Name | Ticker | Exposure |
|---|---|---|
| United States Treasury Bill 11/19/2026 | 42.48% | |
| SUPER MICRO COMPUTER INC SWAP MS | 36.52% | |
| SUPER MICRO COMPUTER INC NOMURA | 29.85% | |
| SUPER MICRO COMPUTER INC SWAP MAR - L | 29.20% | |
| SUPER MICRO COMPUTER INC COM SWAP CS - L | 27.99% | |
| SUPER MICRO COMPUTER SWAP JNST-L | 27.95% | |
| SUPER MICRO COMPUTER INC SWAP NBC-L | 25.49% | |
| SUPER MICRO COMPUTER INC COM SWAP CAN - L | 24.73% | |
| SUPER MICRO COMPUTER INC SWAP BMO | 11.42% | |
| First American Government Obligations Fund 12/01/2031 | 4.61% |
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 SMCI ETF (referred to as “the Fund”) aims to deliver investment returns that are twice (200%) the daily percentage change in the share price of Super Micro Computer, Inc. (NASDAQ: SMCI). Due to its design for achieving daily leveraged results, this Fund operates distinctly from most other exchange-traded funds, and there is no guarantee that it will consistently meet its specified daily objective. It is important for investors to understand that the Fund is not expected to yield two times the cumulative return of SMCI for any duration longer than a single trading day.
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