DRAL
Leveraged Long
Defiance Daily Target 2X Long DRAM ETF
Distribution Rate *
Distribution Frequency
30-Day SEC Yield **
Daily Target 2X Long DRAM ETF
Overview
The Defiance Daily Target 2X Long DRAM ETF (DRAL) offers 2X (200%) daily exposure to the DRAM ETF, an actively managed exchange-traded fund that seeks capital appreciation by investing in semiconductor memory companies. DRAM invests primarily in equity securities of, or derivative instruments providing exposure to, “Memory Companies,” businesses principally engaged in the development or manufacturing of semiconductor memory products, including high bandwidth memory (HBM), dynamic random-access memory (DRAM), NAND flash and solid-state drive (SSD) technologies, NOR flash, and hard disk drive (HDD) and embedded memory products.
DRAL seeks to deliver 200% of the daily performance of DRAM, offering active traders a tactical, single-ticker way to express short-term bullish views on the semiconductor memory theme that sits at the center of the artificial intelligence buildout, without the need to open a margin account. It is the first product of its kind, pairing 2X daily exposure with a single, liquid memory benchmark inside a transparent ETF wrapper.
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 the Roundhill Memory ETF (Cboe BZX: DRAM). The Fund does not seek to achieve its stated investment objective for a period other than a single trading day.
An investment in DRAL is not a direct investment in the DRAM ETF.
(DRAM). 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 DRAM ETF 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 the DRAM ETF over the same period. It is possible that investors could lose their entire principal within a single trading day.
DRALMarket Price
Performance
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% | 9.59% |
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% | 9.65% |
| 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 | 1 Year | 3 Years | Since Inception | |
|---|---|---|---|---|---|---|---|
| Total Return (NAV) (%) | — | — | — | — | — | — | — |
| Market Price (%) | — | — | — | — | — | — | — |
| 1 Year | Since Inception | |
|---|---|---|
| Total Return (NAV) (%) | — | — |
| Market Price (%) | — | — |
Fund Details
Top Holdings
| Name | Symbol | Stock Price | % Net Assets | Shares Held | Market Value |
|---|---|---|---|---|---|
| Samsung Asset Management Co. – Kodex Fn Webtoon And Drama Etf-swap-mrex-l | 77926X320-TRS-06/27/33-L-DRAL | $52.34 | 45.55% | 65,000 | $3,402,100 |
| Samsung Asset Management Co. – Kodex Fn Webtoon And Drama Etf-swap-nmra-l | 77926X320-TRS-03/31/33-L-DRAL | $52.34 | 43.44% | 62,000 | $3,245,080 |
| Samsung Asset Management Co. – Kodex Fn Webtoon And Drama Etf-swap-clst-l | 77926X320-TRS-08/15/28-L-DRAL | $52.34 | 43.28% | 61,764 | $3,232,728 |
| Roundhill Memory Etf (derivatives) Usd-swap-cant-l | 77926X320-TRS-12/01/27-L-DRAL | $52.34 | 43.16% | 61,597 | $3,223,987 |
| Roundhill Memory Etf (derivatives) Usd-swap-nbcb-l | 77926X320-TRS-01/31/33-L-DRAL | $52.34 | 24.52% | 35,000 | $1,831,900 |
| First American Government Obligations Fund 12/01/2031 | FGXXX | $100.00 | 14.03% | 1,048,061 | $1,048,061 |
| Cash & Other | Cash&Other | $1.00 | -114.25% | -8,533,936 | $-8,533,936 |
Distributions
Declaration Date |
Ex-Div Date |
Record Date |
Payable Date |
Amount ($) |
|---|---|---|---|---|
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 | — |