LUNL
Leveraged Long
Defiance Daily Target 2X Long LUNR ETF
Distribution Rate *
Distribution Frequency
30-Day SEC Yield **
Daily Target 2X Long LUNR (Intuitive Machines, Inc.) ETF
Overview
The Defiance Daily Target 2X Long LUNR ETF (LUNL) provides investors with amplified long exposure to Intuitive Machines, Inc. (NASDAQ: LUNR), a space exploration and infrastructure company focused on lunar access, data services, and advanced space systems. Intuitive Machines supports commercial, scientific, and government missions through the development and operation of lunar landers, payload delivery capabilities, and space-based communications technologies. LUNL seeks to deliver 200% of the daily performance of LUNR’s stock, offering active traders a tactical way to express short-term bullish views on the expanding lunar economy, space infrastructure investment, and the growing role of government and commercial space programs—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 Intuitive Machines, Inc. (Nasdaq: LUNR). The Fund does not seek to achieve its stated investment objective for a period other than a single trading day.
Underlying Stock: Intuitive Machines, Inc.
Intuitive Machines, Inc. (Nasdaq: LUNR) is a space exploration and infrastructure company focused on providing lunar access, data, and transportation services. The company designs and operates lunar landers, delivers payloads to the Moon, and develops communications and navigation solutions to support commercial, scientific, and government space missions. Intuitive Machines is a key participant in the expanding lunar economy, supporting missions intended to enable sustained human and robotic presence on and around the Moon.
An investment in the ETF is not a direct investment in Intuitive Machines, 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 LUNR over the same period. It is possible investors could lose their entire principal within a single trading day.b
LUNLMarket Price
Performance
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | 155.43% | 366.18% | xx.xx% | 149.56% |
| Market Price (%) | xx.xx% | 152.46% | 366.12% | xx.xx% | 148.68% |
| 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% | 9.56% | xx.xx% | xx.xx% | -41.35% |
| Market Price (%) | xx.xx% | 9.56% | xx.xx% | xx.xx% | -41.55% |
| 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 |
|---|---|---|---|---|---|
| Intuitive Mach Swap Cant-l_r | 46125A100-TRS-09/08/28-L-LUNL | $26.62 | 42.27% | 629,183 | $16,748,851 |
| Intuitive Mach Swap Cs-l | 46125A100-TRS-02/22/28-L-LUNL | $26.62 | 38.88% | 578,762 | $15,406,644 |
| Intuitive Mach Swap Marex-l | 46125A100-TRS-01/13/29-L-LUNL | $26.62 | 38.50% | 573,000 | $15,253,260 |
| Intuitive Machines Swap Nbc-l | 46125A100-TRS-01/31/33-L-LUNL | $26.62 | 33.73% | 502,000 | $13,363,240 |
| Intuitive Machines, Inc.-swap-nmra-l | 46125A100-TRS-03/31/33-L-LUNL | $26.62 | 28.55% | 425,000 | $11,313,500 |
| Intuitive Machines, Inc.-swap-jnst-l | 46125A100-TRS-05/31/33-L-LUNL | $26.62 | 17.84% | 265,500 | $7,067,610 |
| United States Treasury Bill 06/25/2026 | 912797TE7 | $99.90 | 9.15% | 3,630,000 | $3,626,370 |
| First American Government Obligations Fund 12/01/2031 | FGXXX | $100.00 | 8.82% | 3,493,967 | $3,493,967 |
| Cash & Other | Cash&Other | $1.00 | -117.86% | -46,698,998 | $-46,698,998 |
Distributions
Declaration Date |
Ex-Div Date |
Record Date |
Payable Date |
Amount ($) |
|---|---|---|---|---|
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 | |||||