RGTX | Defiance Daily Target 2X Long RGTI ETF
$RGTX

RGTX

$

Defiance Daily Target 2X Long RGTI ETF

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Distribution Rate *
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Payable As of
Distribution Frequency
Monthly
30-Day SEC Yield **
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rating

RGTX, Daily Target 2X Long RGTI (Rigetti Computing, Inc.) ETF

The Defiance Daily Target 2X Long RGTI ETF (the “Fund”) seeks daily leveraged investment results of two times (200%) the daily percentage change in the share price of Rigetti Computing, Inc. (Nasdaq: RGTI) (the “Underlying Security” or “RGTI”). Because the Fund seeks daily leveraged investment results, it is very different from most other exchange-traded funds. It is also riskier than alternatives that do not use leverage. There is no guarantee that the Fund will meet its stated objective. The Fund should not be expected to provide 2 times the cumulative return of RGTI for periods greater than a day.

Underlying Security: Rigetti Computing, Inc. (RGTI)

RGTI designs and develops integrated quantum computing systems and software to solve complex problems across industries such as finance, healthcare, and artificial intelligence. The company leverages its proprietary quantum processors and cloud-based platform to deliver quantum computing as a service (QCaaS) for commercial and research applications. RGTI is listed on the Nasdaq Capital Market (“Nasdaq”). Per RGTI’s most recent Form 10-K filing, the aggregate market value of the voting and non-voting common stock held by non-affiliates of RGTI (based on the closing price of its common stock on June 28, 2024 on the Nasdaq Capital Market) was approximately $166.0 million.

The Fund may not achieve investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the underlying security, and may return substantially less during such periods. During such periods, the Fund’s actual leverage levels may differ substantially from its intended target, both intraday and at the close of trading, potentially resulting in significantly lower returns.

RGTXMarket Price

Performance

YTD 1 Month 3 Months 6 Months Since Inception
Total Return NAV (%) -69.65% -39.81% -69.65% -90.00% -25.94%
Market Price (%) -69.73% -40.40% -69.73% -90.04% -26.05%
1 Year 3 Years 5 Years Since Inception
Total Return (%) -25.94% xx.xx% xx.xx% -25.94%
Market Price (%) -26.05% xx.xx% xx.xx% -26.05%
YTD 1 Month 3 Months 6 Months Since Inception
Total Return NAV (%) -49.58% -18.30% -66.85% -49.58% 23.05%
Market Price (%) -49.22% -17.51% -66.62% -48.94% 24.07%
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 (%) -38.28% -38.28% -88.39% -28.26% 50.61%
Market Price (%) -38.44% -38.44% -88.46% -28.32% 50.42%
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% -34.25% -67.04% 53.67% 144.04%
Market Price (%) xx.xx% -34.27% -67.09% 54.69% 144.32%
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% -71.39% 52.10% 111.04% 271.18%
Market Price (%) xx.xx% -71.47% 52.98% 112.05% 271.73%
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% 203.36% 366.17% 640.33% 640.33%
Market Price (%) xx.xx% 205.56% 370.09% 642.50% 642.50%
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% 16.25% 38.75% xx.xx% 144.04%
Market Price (%) xx.xx% 15.80% 38.62% xx.xx% 143.00%
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 $42.03M
Premium/discount 0.08%
NAV $15.04
Closing Price $15.05
Shares Outstanding 2,794,986
Median 30 Day Spread 0.32%
Fund inception 03/31/2025
Ticker RGTX
Primary Exchange NASDAQ
CUSIP 88636Y102
Fund Holdings 10
NAV Symbol RGTX.NV
Expense Ratio 1.31%
30 Day SEC Yield* --%
* Yield as of 03-31-2026
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 their portfolios. For periods longer than a single day, the Fund will lose money if the Underlying Security’s performance is flat, and it is possible that the Fund will lose money even if the Underlying Security’s performance increases over a period longer than a single day. An investor could lose the full principal value of his/her investment within a single day.


Top Holdings

View full holdings
Name Symbol Stock price % Net assets Shares Held Market Value
Rigetti Computing Inc Swap Jnst-l 76655K103-TRS-03/17/33-L-RGTX $14.68 55.84% 1,550,000 $22,754,000
Rigetti Computing Swap Cs-l 76655K103-TRS-03/07/28-L-RGTX $14.68 50.52% 1,402,353 $20,586,542
Rigetti Computing Inc Swap Cantor 76655K103-TRS-09/08/28-L-RGTX $14.68 27.13% 753,148 $11,056,213
Rigetti Computing Swap Nbc-l 76655K103-TRS-01/31/33-L-RGTX $14.68 17.47% 485,000 $7,119,800
Rigetti Computing Swap Marex-l 76655K103-TRS-02/05/29-L-RGTX $14.68 17.26% 479,200 $7,034,656
Rigetti Computing Inc Swap Nomura 76655K103-TRS-03/21/33-L-RGTX $14.68 16.93% 470,000 $6,899,600
Rigetti Computing Inc Swap Bmo 76655K103-TRS-06/30/27-L-RGTX $14.68 14.77% 410,000 $6,018,800
United States Treasury Bill 04/23/2026 912797SM0 $99.90 13.97% 5,700,000 $5,694,288
First American Government Obligations Fund 12/01/2031 FGXXX $100.00 2.18% 888,874 $888,874
Cash & Other Cash&Other $1.00 -116.19% -47,348,167 $-47,348,167
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
SAI
Summary Prospectus
Annual 4-30-25 Financial Statement
Annual 4-30-25 TSR
10-31-25 Semi-Annual TSR
Q1 Holdings 07-31-2025
2025 ICI Primary
Semi-Annual 10-31-25 Financial Statements
Q3 Holdings
2025 Tax Insert
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
$–
12/29/2025
12/30/2025
12/30/2025
12/31/2025
$0.06624971
Declaration Date Ex-Div Date Record Date Payable Date Amount ($)
12/29/2025 12/30/2025 12/30/2025 12/31/2025 $0.06624971
Distribution Rate *
Payable As of 		-%
Distribution Frequency Monthly
30-Day SEC Yield **
As of —		 -%