AVXX
Defiance Daily Target 2X Long AVAV ETF
Distribution Rate *
Distribution Frequency
30-Day SEC Yield **
Daily Target 2X Long AVAV (AeroVironment) ETF
Overview
The Defiance Daily Target 2X Long AVAV ETF (AVXX) provides investors with amplified long exposure to AeroVironment Inc. (NASDAQ: AVAV), a leading developer of unmanned aircraft systems and defense technologies. AVXX seeks to deliver 200% of the daily performance of AeroVironment’s stock, offering active traders a tactical way to express bullish views on the aerospace and defense sectors—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 AeroVironment Inc. (NASDAQ: AVAV). The Fund does not seek to accomplish its stated objective over periods other than a single trading day.
Underlying Stock: AeroVironment Inc.
AeroVironment Inc. designs, develops, and produces a broad range of unmanned aircraft systems (UAS), tactical missile systems, and related services that support defense and commercial applications. The company’s products enable enhanced situational awareness and mission effectiveness across air, land, and maritime domains. AeroVironment’s performance is influenced by U.S. government defense spending, technological innovation in autonomous systems, and geopolitical and regulatory developments affecting the defense sector.
An investment in the Fund is not an investment in AeroVironment Inc.
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. The Fund pursues daily leveraged investment objectives, which means it is riskier than alternatives that do not use leverage. The Fund magnifies the performance of the Underlying Security and is designed strictly for short-term use. For periods longer than a single day, the Fund’s performance will be the result of compounded daily returns, which is very likely to differ from 200% of the return of AVAV over the same period. It is possible investors could lose their entire principal within a single trading day.
AVXXMarket Price
Performance
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | 20.22% | 20.22% | -53.14% | xx.xx% | -52.02% |
| Market Price (%) | 20.01% | 20.01% | -53.14% | xx.xx% | -52.08% |
| 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% | -29.53% | xx.xx% | xx.xx% | -60.09% |
| Market Price (%) | xx.xx% | -29.20% | xx.xx% | xx.xx% | -60.07% |
| 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% | -44.69% | xx.xx% | xx.xx% | -43.36% |
| Market Price (%) | xx.xx% | -44.85% | xx.xx% | xx.xx% | -43.60% |
| 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% | 2.40% |
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% | 2.27% |
| 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% |
| 2025 | |
|---|---|
| Total Return NAV(%) | xx.xx% |
| Market Price (%) | xx.xx% |
Fund Details
Data as of 02/17/2026Top Holdings
| Name | Symbol | Stock price | % Net assets | Shares Held | Market Value |
|---|---|---|---|---|---|
| Aerovironment Inc Swap Marex | 008073108-TRS-10/30/28-L-AVXX | $265.46 | 59.63% | 22,266 | $5,910,732 |
| Aerovironment Inc Swap Cs | 008073108-TRS-12/07/27-L-AVXX | $265.46 | 54.06% | 20,188 | $5,359,106 |
| Aerovironment Inc Com Swap Can | 008073108-TRS-11/01/28-L-AVXX | $265.46 | 45.55% | 17,008 | $4,514,944 |
| Aerovironment Swap Nomura-l | 008073108-TRS-02/05/29-L-AVXX | $265.46 | 40.71% | 15,200 | $4,034,992 |
| United States Treasury Bill 03/19/2026 | 912797PV3 | $99.72 | 8.05% | 800,000 | $797,749 |
| First American Government Obligations Fund 12/01/2031 | FGXXX | $100.00 | 4.56% | 452,169 | $452,169 |
| United States Treasury Bill 02/19/2026 | 912797PM3 | $100.00 | 1.82% | 180,000 | $180,000 |
| Cash & Other | Cash&Other | $1.00 | -114.42% | -11,342,002 | $-11,342,002 |
Distributions
Declaration Date |
Ex-Div Date |
Record Date |
Payable Date |
Amount ($) |
|---|---|---|---|---|
12/29/2026 |
12/30/2026 |
12/30/2026 |
12/31/2026 |
$– |
12/29/2025 |
12/30/2025 |
12/30/2025 |
12/31/2025 |
$0.0285775 |
| Declaration Date | Ex-Div Date | Record Date | Payable Date | Amount ($) | |
|---|---|---|---|---|---|
| 12/29/2025 | 12/30/2025 | 12/30/2025 | 12/31/2025 | $0.02857750 |
| Distribution Rate *
Payable As of |
-% |
| Distribution Frequency | Monthly |
| 30-Day SEC Yield ** As of — |
-% |
