SMCX
Defiance Daily Target 2X Long SMCI ETF
Distribution Rate *
Distribution Frequency
30-Day SEC Yield **
Defiance Daily Target 2X Long SMCI ETF
The Defiance Daily Target 2X Long SMCI ETF (the “Fund”) seeks daily leveraged investment results of two times (200%) the daily percentage change in the share price of Super Micro Computer, Inc. (NASDAQ: SMCI) (the “Underlying Security” or “SMCI”). SMCX does not invest directly in SMCI. 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 SMCI for periods greater than a day.
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. 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.
Underlying Stock: Super Micro Computer, Inc. (NASDAQ: SMCI).
Super Micro Computer, Inc. (NASDAQ: SMCI), known as Supermicro, is a leading provider of high-performance server and storage solutions, with a strong emphasis on enabling artificial intelligence (AI) technologies. The company designs and manufactures cutting-edge servers that are specifically optimized for AI workloads, including deep learning, data analytics, and machine learning applications. Supermicro’s innovative hardware solutions are crucial in powering the complex computations required by AI, making the company a pivotal player in the rapidly growing AI industry. With its focus on delivering scalable, energy-efficient infrastructure tailored for AI, Supermicro is at the forefront of the technological advancements driving the future of AI and offers significant growth potential in this dynamic sector.
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.
Fund Details
Data as of 01/16/2025SMCXMarket Price
Performance
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | -22.36% | -74.70% | xx.xx% | -90.18% |
| Market Price (%) | xx.xx% | -22.38% | -74.69% | xx.xx% | -90.18% |
| 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% | -6.70% | -72.22% | xx.xx% | -87.35% |
| Market Price (%) | xx.xx% | -7.31% | -72.22% | xx.xx% | -87.35% |
| 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% | -65.08% | xx.xx% | xx.xx% | -86.44% |
| Market Price (%) | xx.xx% | -64.82% | xx.xx% | xx.xx% | -86.35% |
| 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% | -14.75% | xx.xx% | xx.xx% | -61.18% |
| Market Price (%) | xx.xx% | -14.82% | xx.xx% | xx.xx% | -61.20% |
| 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% | xx.xx% | xx.xx% | xx.xx% | -54.46% |
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% | -54.45% |
| 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% |
| 2024 | |
|---|---|
| Total Return NAV(%) | xx.xx% |
| Market Price (%) | xx.xx% |
Top Holdings
| Name | Symbol | Stock price | % Net assets | Shares Held | Market Value |
|---|---|---|---|---|---|
| Super Micro Computer Inc Swap Mar – L | 86800U302 TRS 092925 | $31.12 | 152.72% | 7,072,000 | $220,080,640 |
| Super Micro Computer Inc Com Swap Can – L | 86800U302 TRS 101625 | $31.12 | 35.17% | 1,628,660 | $50,683,899 |
| Super Micro Computer Inc Com Swap Cs – L | 86800U302-TRS-12/09/25-L | $31.12 | 10.26% | 475,000 | $14,782,000 |
| First American Government Obligations Fund 12/01/2031 | FGXXX | $100.00 | 6.45% | 9,292,618 | $9,292,618 |
| Super Micro Computer Inc | SMCI | $31.12 | 2.02% | 93,367 | $2,905,581 |
| Cash & Other | Cash&Other | $1.00 | -106.61% | -153,635,544 | $-153,635,544 |
Distribution
| Declaration Date | Ex-Div Date | Record Date | Payable Date | Amount ($) | |
|---|---|---|---|---|---|
| 9/30/2024 | 10/1/2024 | 10/1/2024 | 10/3/2024 | $0.00 | |
| 10/31/2024 | 11/1/2024 | 11/1/2024 | 11/4/2024 | $0.00 | |
| 11/29/2024 | 12/2/2024 | 12/2/2024 | 12/4/2024 | $0.00 | |
| 12/30/2024 | 12/31/2024 | 12/31/2024 | 1/5/2025 | $0.00 |
| Distribution Rate *
As of — |
-% |
| Distribution Frequency | Monthly |
| 30-Day SEC Yield ** As of — |
-% |