| Family: | Defiance ETFs |
| Name: | Defiance Daily Target 2X Long MSTR ETF |
| Inception Date: | 14-Aug-2024 |
| Termination Date: | |
| Investment Objective: | The Defiance Daily Target 2X Long MSTR ETF seeks daily leveraged investment results of two times (200%) the daily percentage change in the share price of MicroStrategy Incorporated (Nasdaq MSTR) (the "Underlying Security" or "MSTR"). Because the fund seeks daily leveraged investment results, it is very different from most other exchange-traded funds. It is also riskier than alternatives that do not use leverage. There is no guarantee that the Fund will meet its stated objective. The fund should not be expected to provide 2 times the cumulative return of MSTR for periods greater than a day. MSTR has two main strategies for its business operations. One is to acquire and hold bitcoin, while the other is to grow its enterprise analytics software business. MSTR is listed on the Nasdaq Global Select Market ("Nasdaq"). |
| Prospectus | |
| Top 10 Holdings | ||
| Cash & Other | -117.5300% | |
| STRATEGY SWAP NBC-L | 45.4800% | |
| STRATEGY INC SWAP BMO | 41.1900% | |
| STRATEGY INC SWAP MAREX | 38.4000% | |
| STRATEGY INC INC SWAP CANTOR | 38.1700% | |
| STRATEGY INC SWAP CLEARSTREET | 36.7000% | |
| United States Treasury Bill 02/19/2026 | 912797PM3 | 17.5000% |
| Top 10 Holdings Weight: | 99.9% |
| Number of Holdings: | 7 |
| Shares Outstanding: | 94,025,000 |
| Total Net Assets: | 395,845,200 |
| NAV: | 4.22 |
| Net Expense Ratio: | 1.31% |
| Asset Class: | Equities (Stocks) |
| Developed or Emerging: | Developed Market Funds |
| Country: | US |
| Region: | |
| Strategy: | |
| Currency: | |
| Commodity: | |
| Sector: | Technology |
| Industry: | Software & Services |
| Dividend Type: | |
| Tax Exempt State: | |
| Maturity Duration: | |
| Market Cap: | Large Cap |
| Credit Quality: | |
| Mortgage Bond Types: | |
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| Reit Type: | |
| Leverage Direction/Factor: | Leveraged (2x) |
| Is Currency Hedged: | No |
| US or Ex-US: | Domestic |
