IONZ
Defiance Daily Target 2X Short IONQ ETF
Distribution Rate *
Distribution Frequency
30-Day SEC Yield **
Defiance Daily Target 2X Short IONQ ETF
The Defiance Daily Target 2X Short IONQ ETF (the “Fund”) seeks daily investment results, before fees and expenses, of -2 times (-200%) the daily percentage change in the share price of IonQ Inc. (NYSE: IONQ) (the “Underlying Security” or “IONQ”).
IONZ does not invest directly in IONQ. Because the Fund seeks daily -200% inverse leveraged investment results, it is very different from most other exchange-traded funds. It is also riskier than alternatives that do not use leverage or short strategies. There is no guarantee that the Fund will meet its stated objective. The return of the Fund for a period longer than a trading day will be the result of each trading day’s compounded return over the period, which will very likely differ from -200% of the return of the Underlying Security for that period.
Underlying Stock: IonQ Inc. (NYSE: IONQ)
IonQ Inc. is a quantum computing company that develops and commercializes quantum hardware and software. IonQ’s systems use trapped ion technology to perform quantum operations and are accessible through major cloud platforms. The company is considered a leader in the emerging field of quantum information processing. IONQ is listed on the New York Stock Exchange (“NYSE”). According to its most recent Form 10-K filing, IonQ had an aggregate market value of common equity held by non-affiliates of approximately $2.3 billion as of December 31, 2024.
The Fund may not achieve investment results, before fees and expenses, that correspond to -2 times the daily performance of the Underlying Security, and may return substantially less during such periods. During such periods, the Fund’s actual inverse exposure may differ substantially from its intended target, both intraday and at the close of trading, potentially resulting in significantly lower or more volatile returns.
IONZMarket Price
Performance
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% | -12.88% |
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% | -13.15% |
| 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 07/15/2025Top Holdings
| Name | Symbol | Stock price | % Net assets | Shares Held | Market Value |
|---|---|---|---|---|---|
| Cash & Other | Cash&Other | $1.00 | 287.38% | 4,919,736 | $4,919,736 |
| First American Government Obligations Fund 12/01/2031 | FGXXX | $100.00 | 12.73% | 217,926 | $217,926 |
| Ionq Inc Swap Marex-s | 46222L108-TRS-07/24/26-S | $41.47 | -200.13% | -82,615 | $-3,426,044 |
| Download Fund Documents |
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Distributions
| Declaration Date | Ex-Div Date | Record Date | Payable Date | Amount ($) | |
|---|---|---|---|---|---|
| — | — | — | — | — |
| Distribution Rate *
Payable As of — |
-% |
| Distribution Frequency | Monthly |
| 30-Day SEC Yield ** As of — |
-% |
