| Family: | Defiance ETFs |
| Name: | Defiance Daily Target 2X Short MU ETF |
| Inception Date: | 8-Jun-2026 |
| Termination Date: | |
| Investment Objective: | The Fund seeks daily inverse investment results, before fees and expenses, of -2 times (-200%) the daily percentage change in the share price of Micron Technology, Inc. (Nasdaq: MU). The Fund is an actively managed exchange traded fund that attempts to achieve 2 times the inverse (-200%) of the daily percentage change in the price of the Underlying Security by employing derivatives, namely swap agreements and/or listed options contracts. The Fund may enter into swap agreements as a substitute for directly shorting the Underlying Security. The Fund may also utilize listed options to seek to achieve leveraged -2X exposure to the Underlying Security. The Fund will primarily employ short-dated (a month or less) in-the-money call options. Micron Technology, Inc. designs and manufactures memory and storage technologies: DRAM, NAND, NOR for PCs, servers, mobile, and embedded systems. |
| Prospectus | |
| Top 10 Holdings | ||
| United States Treasury Bill 08/27/2026 | B 0 08/27/26 | 539.5267% |
| Cash & Other | -233.8794% | |
| MICRON TECHNOLOGY, INC.-SWAP-CLST-S | -76.0001% | |
| MICRON TECHNOLOGY, INC.-SWAP-CANT-S | -55.1373% | |
| MICRON TECHNOLOGY, INC.-SWAP-MREX-S | -37.2550% | |
| MICRON TECHNOLOGY, INC.-SWAP-NMRA-S | -37.2550% | |
| Top 10 Holdings Weight: | 100.0% |
| Number of Holdings: | 6 |
| Shares Outstanding: | 970,000 |
| Total Net Assets: | 9,515,700 |
| NAV: | 9.83 |
| Net Expense Ratio: | 1.31% |
| Asset Class: | Equities (Stocks) |
| Developed or Emerging: | Developed Market Funds |
| Country: | US |
| Region: | |
| Strategy: | |
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| Commodity: | |
| Sector: | Technology |
| Industry: | Semiconductor |
| Dividend Type: | |
| Tax Exempt State: | |
| Maturity Duration: | |
| Market Cap: | Large Cap |
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| Reit Type: | |
| Leverage Direction/Factor: | Inverse (-2x) |
| Is Currency Hedged: | No |
| US or Ex-US: | Domestic |
