RKLZ
Daily Target 2X Short RKLB ETF
Distribution Rate *
Distribution Frequency
30-Day SEC Yield **
Daily Target 2X Short RKLB (Rocket Lab Corporation) ETF
Overview
The Defiance Daily Target 2X Short RKLB ETF (RKLZ) provides investors with amplified inverse (-2X) exposure to Rocket Lab Corporation (NASDAQ: RKLB) — a leading aerospace manufacturer and space launch provider focused on delivering reliable and responsive launch services, spacecraft components, and on-orbit solutions. RKLZ seeks to deliver –200% of the daily performance of Rocket Lab’s stock, offering active traders a tactical way to express short-term bearish views on one of the most innovative companies in the space and defense sector — without the need for a margin account or direct short sale.
Investment Objective
The Fund . The Fund does not seek to achieve its stated objective for any period other than a single trading day.
Underlying Stock: Rocket Lab Corporation
Rocket Lab Corporation is a space company that designs, manufactures, and launches small and medium-class rockets and spacecraft. Its Electron rocket leads the small-launch market, while the upcoming Neutron rocket targets reusable, medium-lift missions. Through its Photon platform, Rocket Lab provides spacecraft solutions for communications, Earth observation, and defense. The company’s performance is driven by launch frequency, government and commercial contracts, and innovation in reusable technology, positioning it as a key player in aerospace and satellite deployment.
An investment in RKLZ is not an investment in Rocket Lab Corporation
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 inverse (–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 inverse investment objectives, which means it is riskier than alternatives that do not use leverage. The Fund magnifies the inverse 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 RKLB over the same period. It is possible investors could lose their entire principal within a single trading day.
RKLZMarket Price
Performance
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | -37.14% | -37.14% | xx.xx% | xx.xx% | -83.84% |
| Market Price (%) | -37.16% | -37.16% | xx.xx% | xx.xx% | -83.85% |
| 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 | |
|---|---|---|---|---|---|
| Market Price (%) | xx.xx% | -74.76% | xx.xx% | xx.xx% | -74.30% |
| Total Return NAV (%) | xx.xx% | -74.71% | xx.xx% | xx.xx% | -74.29% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| Total Return (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% | 1.80% |
| Total Return NAV (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% | 1.67% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| Total Return (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| 2025 | |
|---|---|
| Total Return NAV(%) | xx.xx% |
| Market Price (%) | xx.xx% |
Fund Details
Data as of 02/17/2026Top Holdings
| Name | Symbol | Stock price | % Net assets | Shares Held | Market Value |
|---|---|---|---|---|---|
| Cash & Other | Cash&Other | $1.00 | 294.25% | 37,970,560 | $37,970,560 |
| United States Treasury Bill 02/19/2026 | 912797PM3 | $100.00 | 4.50% | 581,000 | $581,000 |
| United States Treasury Bill 03/19/2026 | 912797PV3 | $99.72 | 0.93% | 120,000 | $119,662 |
| First American Government Obligations Fund 12/01/2031 | FGXXX | $100.00 | 0.19% | 24,471 | $24,471 |
| Rocket Lab Corp Swap Nomura-s | 773121108-TRS-01/09/29-S-RKLZ | $74.42 | -22.78% | -39,500 | $-2,939,590 |
| Rocket Lab Corp Swao Cantor-s | 773121108-TRS-11/01/28-S-RKLZ | $74.42 | -33.81% | -58,624 | $-4,362,798 |
| Rocket Lab Swap Cs | 773121108-TRS-01/11/28-S-RKLZ | $74.42 | -71.65% | -124,234 | $-9,245,494 |
| Rocket Lab Swap Marex | 773121108-TRS-11/18/28-S-RKLZ | $74.42 | -71.69% | -124,305 | $-9,250,778 |
| Download Fund Documents |
|---|
Distributions
Declaration Date |
Ex-Div Date |
Record Date |
Payable Date |
Amount ($) |
|---|---|---|---|---|
12/29/2026 |
12/30/2026 |
12/30/2026 |
12/31/2026 |
$– |
| Declaration Date | Ex-Div Date | Record Date | Payable Date | Amount ($) | |
|---|---|---|---|---|---|
| 12/29/2025 | 12/30/2025 | 12/30/2025 | 12/31/2025 | — |
| Distribution Rate *
Payable As of |
-% |
| Distribution Frequency | Monthly |
| 30-Day SEC Yield ** As of — |
-% |
