SOUX
Defiance Daily Target 2X Long SOUN ETF
Distribution Rate *
Distribution Frequency
30-Day SEC Yield **
Defiance Daily Target 2X Long SOUN ETF
The Defiance Daily Target 2X Long SOUN ETF (the “Fund”) seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change in the share price of SoundHound AI, Inc. (NASDAQ: SOUN) (the “Underlying Security” or “SOUN”).
SOUX does not invest directly in SOUN. Because the Fund seeks daily 200% 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 return of the Fund for a period longer than a trading day will be the result of each trading day’s compounded return over the period, which will very likely differ from 200% of the return of the Underlying Security for that period.
Underlying Stock: SoundHound AI, Inc. (NASDAQ: SOUN)
SoundHound AI, Inc. is a provider of voice AI and natural language understanding technology. Its Houndify platform allows developers and businesses to integrate conversational intelligence into products across industries including automotive, hospitality, and IoT. The company holds a large portfolio of voice AI patents and is listed on The Nasdaq Stock Market LLC (“NASDAQ”). According to its most recent Form 10-K, the aggregate market value of SoundHound’s publicly held common equity as of June 30, 2024, was approximately $734.4 million.
The Fund may not achieve investment results, before fees and expenses, that correspond to 2 times the daily performance of the Underlying Security, and may return substantially less during such periods. During such periods, the Fund’s actual leveraged exposure may differ substantially from its intended target, both intraday and at the close of trading, potentially resulting in significantly lower or more volatile returns.
SOUXMarket Price
Performance
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% | 26.00% |
| Total Return NAV (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% | 25.98% |
| 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% |
Fund Details
Data as of 07/15/2025Top Holdings
| Name | Symbol | Stock price | % Net assets | Shares Held | Market Value |
|---|---|---|---|---|---|
| Soundhound Ai Inc Swap Marex | 836100107-TRS-07/24/26-L | $11.30 | 195.80% | 936,500 | $10,582,450 |
| First American Government Obligations Fund 12/01/2031 | FGXXX | $100.00 | 5.12% | 276,719 | $276,719 |
| Soundhound Ai Inc | SOUN | $11.30 | 4.27% | 20,406 | $230,588 |
| Cash & Other | Cash&Other | $1.00 | -105.25% | -5,688,641 | $-5,688,641 |
| Download Fund Documents |
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Distributions
| Declaration Date | Ex-Div Date | Record Date | Payable Date | Amount ($) | |
|---|---|---|---|---|---|
| — | — | — | — | — |
| Distribution Rate *
Payable As of — |
-% |
| Distribution Frequency | Monthly |
| 30-Day SEC Yield ** As of — |
-% |
