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UMAL ETF Profile


Family: Defiance ETFs
Name: Defiance Daily Target 2X Long UMAC ETF
Inception Date: 17-Jun-2026
Termination Date:
Investment Objective: The Fund seeks daily investment results, before fees and expenses, of two times (200%) the daily percentage change in the share price of Unusual Machines, Inc. (NYSE American: UMAC). The Fund is an actively managed exchange traded fund ("ETF") that attempts to achieve two times (200%) the daily percentage change in the share price of the Underlying Security by employing derivatives, namely swap agreements and/or listed options contracts. The Fund may enter into one or more swap agreements with financial institutions for a specified period, which may range from one day to longer than a year. 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. Unusual Machines, Inc. operates a commercial drone business that sells small drones and essential drone components. UMAC distributes it products through B2B (business to business) channels, e-commerce marketplaces, and retail channels.
Prospectus
Top 10 Holdings
Cash & Other 108.5070%
United States Treasury Bill 07/23/2026 912797TP2 -8.5070%
UNUSUAL MACHINES, INC.-SWAP-JNST-L 0.0000%
UNUSUAL MACHINES, INC.-SWAP-NBCB-L 0.0000%
UNUSUAL MACHINES, INC.-SWAP-MREX-L 0.0000%
UNUSUAL MACHINES, INC.-SWAP-CLST-L 0.0000%
UNUSUAL MACHINES, INC.-SWAP-CANT-L 0.0000%
UNUSUAL MACHINES, INC.-SWAP-NMRA-L 0.0000%
Top 10 Holdings Weight: 100.0%
Number of Holdings: 8
Shares Outstanding: 110,000
Total Net Assets: 1,447,006
NAV: 13.13
Net Expense Ratio: 1.31%
Asset Class: Equities (Stocks)
Developed or Emerging: Developed Market Funds
Country: US
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Sector: Industrials
Industry: Aerospace & Defense
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Market Cap: Mid Cap
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Leverage Direction/Factor: Leveraged (2x)
Is Currency Hedged: No
US or Ex-US: Domestic
Market Data Delayed 15 Minutes