LNOK
Defiance Daily Target 2X Long NOK ETF
Distribution Rate *
Distribution Frequency
30-Day SEC Yield **
Daily Target 2X Long NOK (Nokia Oyj) ETF
Overview
The Defiance Daily Target 2X Long NOK ETF (LNOK) provides investors with amplified long exposure to Nokia Oyj (NYSE: NOK), a global technology company focused on telecommunications infrastructure, networking solutions, and advanced digital technologies. Nokia supports mobile operators, enterprises, and governments worldwide through its portfolio spanning mobile networks, network infrastructure, cloud and network services, and technology licensing.
LNOK seeks to deliver 200% of the daily performance of NOK’s stock, offering active traders a tactical way to express short-term bullish views on global telecommunications investment, 5G and next-generation network deployment, enterprise networking demand, and digital infrastructure modernization—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 Nokia Corporation – ADR (NYSE: NOK). The Fund does not seek to achieve its stated investment objective for a period other than a single trading day.
Underlying Stock: Nokia Oyj
Nokia Oyj (NYSE: NOK) is a Finland-based global technology company that provides telecommunications infrastructure, networking equipment, and digital services to service providers, enterprises, and public-sector customers worldwide. The company’s business spans mobile networks, fixed and IP networks, cloud and network services, and advanced technologies, including intellectual property licensing. Nokia plays a significant role in global communications infrastructure, supporting the deployment and operation of mobile, broadband, and enterprise networks across multiple regions.
An investment in the ETF is not a direct investment in Nokia Oyj.
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 NOK over the same period. It is possible investors could lose their entire principal within a single trading day.
LNOKMarket Price
Performance
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% | -0.89% |
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% | -0.86% |
| 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 02/17/2026Top Holdings
| Name | Symbol | Stock price | % Net assets | Shares Held | Market Value |
|---|---|---|---|---|---|
| Nokia Corp Swap Cs-l | 654902204-TRS-02/22/28-L-LNOK | $7.43 | 70.13% | 98,988 | $735,481 |
| Nokia Corp Swap Marex-l | 654902204-TRS-01/21/29-L-LNOK | $7.43 | 66.03% | 93,200 | $692,476 |
| Nokia Corp Swap Cf-l | 654902204-TRS-09/08/28-L-LNOK | $7.43 | 63.77% | 90,013 | $668,797 |
| First American Government Obligations Fund 12/01/2031 | FGXXX | $100.00 | 27.30% | 286,281 | $286,281 |
| United States Treasury Bill 03/19/2026 | 912797PV3 | $99.72 | 6.66% | 70,000 | $69,803 |
| Cash & Other | Cash&Other | $1.00 | -133.97% | -1,404,954 | $-1,404,954 |
| Download Fund Documents |
|---|
Distributions
Declaration Date |
Ex-Div Date |
Record Date |
Payable Date |
Amount ($) |
|---|---|---|---|---|
12/29/2026 |
12/30/2026 |
12/30/2026 |
12/31/2026 |
$– |
| Declaration Date | Ex-Div Date | Record Date | Payable Date | Amount ($) | |
|---|---|---|---|---|---|
| No records found | |||||
| Distribution Rate *
Payable As of |
-% |
| Distribution Frequency | Monthly |
| 30-Day SEC Yield ** As of — |
-% |
