AVGX
Defiance Daily Target 2X Long AVGO ETF
Distribution Rate *
Distribution Frequency
30-Day SEC Yield **
Defiance Daily Target 2X Long AVGO ETF
The Defiance Daily Target 2X Long AVGO ETF (the “Fund”) seeks daily leveraged investment results of two times (200%) the daily percentage change in the share price of Broadcom Inc. (NASDAQ: AVGO) (the “Underlying Security” or “AVGO”). AVGX does not invest directly in AVGO. 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 AVGO for periods greater than a day.
The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage, and are willing to monitor their portfolios frequently. The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. For periods longer than a single day, the Fund will lose money if the Underlying Security’s performance is flat, and it is possible that the Fund will lose money even if the Underlying Security’s performance increases over a period longer than a single day. An investor could lose the full principal value of his/her investment within a single day.
Underlying Stock: Broadcom Inc. (NASDAQ: AVGO).
Broadcom Inc. (NASDAQ: AVGO) is at the forefront of technological innovation, particularly in the realm of artificial intelligence (AI). The company designs and supplies advanced semiconductor solutions that are critical to AI applications, including high-performance chips that power data centers, cloud computing, and AI-driven analytics. Broadcom’s strategic focus on AI is complemented by its robust infrastructure software portfolio, which enhances AI operations, cybersecurity, and automation across industries. With its leadership in AI technology and a strong track record of growth, Broadcom continues to be a pivotal player in enabling the AI-driven future, making it a compelling investment in the rapidly evolving tech landscape.
The Fund may not achieve investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the underlying security, and may return substantially less during such periods. During such periods, the Fund’s actual leverage levels may differ substantially from its intended target, both intraday and at the close of trading, potentially resulting in significantly lower returns.
Fund Details
Data as of 01/16/2025AVGXMarket Price
Performance
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | 87.35% | 58.79% | xx.xx% | 63.33% |
| Market Price (%) | xx.xx% | 87.07% | 58.96% | xx.xx% | 63.41% |
| 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 | |
|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | -10.48% | -8.61% | xx.xx% | -12.82% |
| Market Price (%) | xx.xx% | -10.36% | -8.49% | xx.xx% | -12.65% |
| 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 | |
|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | -5.32% | xx.xx% | xx.xx% | -2.61% |
| Market Price (%) | xx.xx% | -5.20% | xx.xx% | xx.xx% | -2.55% |
| 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 | |
|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | 7.82% | xx.xx% | xx.xx% | 2.86% |
| Market Price (%) | xx.xx% | 7.70% | xx.xx% | xx.xx% | 2.80% |
| 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 | |
|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% | -4.60% |
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% | -4.55% |
| 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% |
| 2024 | |
|---|---|
| Total Return NAV(%) | xx.xx% |
| Market Price (%) | xx.xx% |
Top Holdings
| Name | Symbol | Stock price | % Net assets | Shares Held | Market Value |
|---|---|---|---|---|---|
| Broadcom Inc Com Swap Marex – L | 11135F101 TRS 111025 | $229.41 | 137.76% | 495,050 | $113,569,421 |
| Broadcom Inc Com Swap Cs – L | 11135F101 TRS 102825 | $229.41 | 30.03% | 107,900 | $24,753,339 |
| Broadcom Inc Com – Swap – Nm – L | 11135F101 TRS 012026 | $229.41 | 18.09% | 65,000 | $14,911,650 |
| First American Government Obligations Fund 12/01/2031 | FGXXX | $100.00 | 10.33% | 8,514,192 | $8,514,192 |
| Broadcom Inc Com Swap Can – L | 11135F101 TRS 092225 | $229.41 | 9.40% | 33,786 | $7,750,846 |
| Broadcom Inc | AVGO | $229.41 | 4.71% | 16,938 | $3,885,747 |
| Cash & Other | Cash&Other | $1.00 | -110.32% | -90,947,591 | $-90,947,591 |
Distribution
| Declaration Date | Ex-Div Date | Record Date | Payable Date | Amount ($) | |
|---|---|---|---|---|---|
| 9/30/2024 | 10/1/2024 | 10/1/2024 | 10/3/2024 | $0.00 | |
| 10/31/2024 | 11/1/2024 | 11/1/2024 | 11/4/2024 | $0.00 | |
| 11/29/2024 | 12/2/2024 | 12/2/2024 | 12/4/2024 | $0.00 | |
| 12/30/2024 | 12/31/2024 | 12/31/2024 | 1/3/2025 | $0.26239935 |
| Distribution Rate *
As of — |
-% |
| Distribution Frequency | Monthly |
| 30-Day SEC Yield ** As of — |
-% |
Defiance ETFs announces 2024 capital gains distributions