ANEL
Defiance Daily Target 2X Long ANET ETF
Distribution Rate *
Distribution Frequency
30-Day SEC Yield **
Defiance Daily Target 2X Long ANET (Arista Networks) ETF
Overview
The Defiance Daily Target 2X Long ANET ETF (ANEL) provides investors with amplified daily exposure to Arista Networks, Inc. (NYSE: ANET), a global leader in cloud networking solutions. ANEL seeks to deliver 200% of the daily performance of Arista Networks, empowering active investors to capitalize on opportunities in cloud computing, AI-driven data centers, and enterprise networking without the need for a margin account.
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 Arista Networks, Inc. The Fund does not seek to achieve its stated investment objective for a period other than a single trading day.
Underlying Stock: Arista Networks, Inc.
Arista Networks is a leading provider of high-performance cloud networking solutions, specializing in scalable, software-driven platforms for data centers, cloud providers, and enterprises. Its architecture emphasizes automation, programmability, and AI-driven security, positioning Arista as a critical enabler of next-generation digital infrastructure.
The Fund may not achieve results, before fees and expenses, that correspond to 200% of the daily performance of the Underlying Security, and may return substantially less during such periods. Actual leveraged exposure may differ from its intended target intraday and at the close of trading, potentially resulting in more volatile returns. The Fund is not suitable for all investors. It is intended only for knowledgeable investors who understand the risks of daily leveraged strategies and actively monitor their portfolios. Over periods longer than a single day, the Fund may lose money if the Underlying Security’s performance is flat, and can lose money even if the Underlying Security increases over such periods. An investor could lose the full principal value in a single day.
ANELMarket Price
Performance
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | -33.49% | xx.xx% | xx.xx% | -17.68% |
| Market Price (%) | xx.xx% | -33.57% | xx.xx% | xx.xx% | -17.82% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Market Price (%) | xx.xx% | 13.26% | xx.xx% | xx.xx% | 23.71% |
| Total Return NAV (%) | xx.xx% | 13.34% | xx.xx% | xx.xx% | 23.78% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| Total Return (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% | 9.21% |
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% | 9.22% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
Fund Details
Data as of 12/04/2025Top Holdings
| Name | Symbol | Stock price | % Net assets | Shares Held | Market Value |
|---|---|---|---|---|---|
| Arista Networks Inc Swap Cantor | 040413205-TRS-09/08/28-L-ANEL | $128.55 | 72.85% | 38,749 | $4,981,184 |
| Arista Networks Swap Cs | 040413205-TRS-01/11/28-L-ANEL | $128.55 | 65.47% | 34,822 | $4,476,368 |
| Arista Networks Inc Swap Marex | 040413205-TRS-09/15/28-L-ANEL | $128.55 | 61.62% | 32,773 | $4,212,969 |
| First American Government Obligations Fund 12/01/2031 | FGXXX | $100.00 | 15.01% | 1,026,370 | $1,026,370 |
| United States Treasury Bill 12/18/2025 | 912797QZ3 | $99.87 | 6.72% | 460,000 | $459,394 |
| Cash & Other | Cash&Other | $1.00 | -121.76% | -8,325,255 | $-8,325,255 |
| Download Fund Documents |
|---|
Distributions
| Declaration Date | Ex-Div Date | Record Date | Payable Date | Amount ($) | |
|---|---|---|---|---|---|
| 12/29/2025 | 12/30/2025 | 12/30/2025 | 12/31/2025 | — |
| Distribution Rate *
Payable As of — |
-% |
| Distribution Frequency | Monthly |
| 30-Day SEC Yield ** As of — |
-% |
