DKNX | Defiance Daily Target 2X Long DKNG ETF
$DKNX

DKNX

$

Defiance Daily Target 2X Long DKNG ETF

Name(Required)
Distribution Rate *
-%
Payable As of
Distribution Frequency
Monthly
30-Day SEC Yield **
As of —
-%
rating

Defiance Daily Target 2X Long DKNG ETF (DKNX)

Overview

The Defiance Daily Target 2X Long DKNG ETF (DKNX) provides investors with amplified daily exposure to DraftKings Inc. (DKNG), a leading digital sports entertainment and gaming company. As a pioneering leveraged ETF, DKNX seeks to deliver 200% of the daily performance of DKNG, empowering active investors to capitalize on opportunities in the online sports betting, iGaming, and digital entertainment sectors—without the need for a margin account. This fund is designed for knowledgeable investors who actively monitor their portfolios and understand the risks of daily leveraged strategies. DKNX does not invest directly in DKNG

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 DraftKings Inc. (Nasdaq: DKNG). The Fund does not seek to achieve its stated investment objective for a period other than a single trading day.

Underlying Stock: DraftKings Inc. (“DKNG”)

DraftKings Inc. is a digital sports entertainment and gaming company providing users with online sports betting, online casino, daily fantasy sports, retail sportsbook, media, and other consumer products. DKNG is also involved in the design and development of sports betting and casino gaming software for online and retail sportsbooks and iGaming operators. DKNG is listed on Nasdaq. Per DKNG’s most recent Form 10-K filing, the aggregate market value of the voting and non-voting stock held by non-affiliates as of June 30, 2023, was approximately $10.9 billion based upon the closing price reported for that date on Nasdaq

DKNXMarket Price

Performance

YTD 1 Month 3 Months 6 Months Since Inception
Total Return NAV (%) -65.72% -20.61% -65.72% -73.95% -83.63%
Market Price (%) -65.77% -20.66% -65.77% -74.00% -83.64%
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 (%) -56.82% -29.20% -54.54% -80.74% -79.38%
Market Price (%) -56.85% -29.10% -54.69% -80.73% -79.37%
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 (%) -39.01% -39.01% -27.59% -69.88% -70.87%
Market Price (%) -39.15% -39.15% -27.82% -69.87% -70.91%
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% 5.27% -24.00% xx.xx% -52.24%
Market Price (%) xx.xx% 5.01% -24.06% xx.xx% -52.20%
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% 12.79% -57.64% xx.xx% -54.63%
Market Price (%) xx.xx% 12.96% -57.47% xx.xx% -54.48%
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% -35.99% -58.41% xx.xx% -59.77%
Market Price (%) xx.xx% -35.98% -58.26% xx.xx% -59.70%
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% -41.33% xx.xx% xx.xx% -37.16%
Market Price (%) xx.xx% -41.19% xx.xx% xx.xx% -37.05%
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% 10.74% xx.xx% xx.xx% 7.11%
Market Price (%) xx.xx% 10.87% xx.xx% xx.xx% 7.04%
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%
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling 833.333.9383. Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Market price is the price at which shares in the ETF can be brought or sold on the exchanges during trading hours, while the net asset value (NAV) represents the value of each share’s portion of the fund’s underlying assets and cash at the end of the trading day.

Fund Details

 Data as of 04/09/2026
Net Assets $4.72M
Premium/discount 0.16%
NAV $17.08
Closing Price $17.11
Shares Outstanding 275,988
Median 30 Day Spread 0.51%
Fund inception 07/30/2025
Ticker DKNX
Primary Exchange NASDAQ
CUSIP 88636W213
Fund Holdings 9
NAV Symbol DKNX.NV
Expense Ratio 1.29%
30 Day SEC Yield* -0.16%
* Yield as of 03-31-2026


Top Holdings

View full holdings
Name Symbol Stock price % Net assets Shares Held Market Value
Draftkings Inc Swap Ms-l 26142V105-TRS-01/23/29-L-DKNX $22.23 47.31% 100,000 $2,223,000
Draftkings Inc Swap Jnst-l 26142V105-TRS-03/17/33-L-DKNX $22.23 40.69% 86,000 $1,911,780
Draftkings Inc Swap Nomura 26142V105-TRS-08/31/26-L $22.23 30.83% 65,153 $1,448,351
Draftkings Inc Swap Marex 26142V105-TRS-09/16/28-L-DKNX $22.23 30.28% 64,000 $1,422,720
Draftkings Inc Swap Cs-l 26142V105-TRS-01/25/28-L-DKNX $22.23 28.15% 59,507 $1,322,841
Draftkings Inc Swap Cantor 26142V105-TRS-09/07/26-L $22.23 22.67% 47,924 $1,065,351
United States Treasury Bill 04/23/2026 912797SM0 $99.90 11.27% 530,000 $529,469
First American Government Obligations Fund 12/01/2031 FGXXX $100.00 9.94% 466,896 $466,896
Cash & Other Cash&Other $1.00 -121.20% -5,694,610 $-5,694,610
Data as of 04/13/2026. Fund holdings are subject to change at any time and should not be considered recommendations to buy or sell any security.
View full holdings
Download Fund Documents
Prospectus
Summary Prospectus
SAI
Q1 Holdings 07-31-2025
10-31-25 Semi-Annual TSR
Semi-Annual 10-31-25 Financial Statements
Q3 Holdings
Premium Discount Graph (03/31/2026)

Distributions

2026 Distribution Schedule
entries per page
Declaration Date
Ex-Div Date
Record Date
Payable Date
Amount ($)
12/29/2026
12/30/2026
12/30/2026
12/31/2026
$–
Declaration Date Ex-Div Date Record Date Payable Date Amount ($)
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 —		 -%