UMAL
Leveraged Long
Defiance Daily Target 2X Long UMAC ETF
Distribution Rate *
Distribution Frequency
30-Day SEC Yield **
Daily Target 2X Long UMAC (Unusual Machines, Inc.) ETF
Overview
UMAL is a 2X leveraged Unusual Machines ETF that seeks 200% of the daily performance of Unusual Machines (NYSE American: UMAC). The Defiance Daily Target 2X Long UMAC ETF (UMAL) is designed for active traders who want amplified, single-day long exposure to Unusual Machines without using a margin account.
The Defiance Daily Target 2X Long UMAC ETF (UMAL) provides investors with amplified long exposure to Unusual Machines, Inc. (NYSE American: UMAC) — a commercial drone company that sells small drones and essential drone components through B2B, e-commerce, and retail channels, and is a key domestic player in the rapidly expanding U.S. drone industry.
As a 2X leveraged Unusual Machines ETF, UMAL seeks to deliver 200% of the daily performance of UMAC’s stock, offering active traders a tactical, margin-free way to express short-term bullish views on:
- The continued domestic growth of the U.S. commercial drone market and UMAC’s positioning as a leading American drone hardware company
- The expansion of UMAC’s B2B, e-commerce, and retail distribution channels for drones and drone components
- Increasing demand for domestically sourced drone hardware driven by regulatory tailwinds and restrictions on foreign-manufactured drones
- UMAC’s growth as a vertically integrated drone components supplier serving both commercial and government end markets
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 Unusual Machines, Inc. (NYSE American: UMAC). The Fund does not seek to achieve its stated investment objective for a period other than a single trading day.
Underlying Company: Unusual Machines, Inc. (“UMAC”)
Unusual Machines, Inc. operates a commercial drone business that sells small drones and essential drone components, distributing its products through B2B (business to business) channels, e-commerce marketplaces, and retail channels. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc. in July 2022. Incorporated in 2019 and headquartered in Orlando, Florida, UMAC is listed on the New York Stock Exchange American (“NYSE American”) and is assigned to the Electronic Equipment, Instruments and Components industry.
An investment in the ETF is not a direct investment in UMAC.
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 UMAC over the same period. It is possible investors could lose their entire principal within a single trading day.
UMALMarket Price
Performance
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% | -22.07% |
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% | -21.95% |
| 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 |
|---|---|---|---|---|---|
| Unusual Machines, Inc.-swap-clst-l | 91532F102-TRS-07/25/28-L-UMAL | $16.64 | 42.74% | 26,901 | $447,633 |
| Unusual Machines, Inc.-swap-mrex-l | 91532F102-TRS-06/18/33-L-UMAL | $16.64 | 34.95% | 22,000 | $366,080 |
| Unusual Machines, Inc.-swap-nmra-l | 91532F102-TRS-03/31/33-L-UMAL | $16.64 | 33.36% | 21,000 | $349,440 |
| Unusual Machines, Inc.-swap-jnst-l | 91532F102-TRS-06/17/33-L-UMAL | $16.64 | 33.36% | 21,000 | $349,440 |
| Unusual Machines, Inc.-swap-cant-l | 91532F102-TRS-12/03/29-L-UMAL | $16.64 | 30.13% | 18,963 | $315,544 |
| Unusual Machines, Inc.-swap-nbcb-l | 91532F102-TRS-01/31/33-L-UMAL | $16.64 | 25.42% | 16,000 | $266,240 |
| First American Government Obligations Fund 12/01/2031 | FGXXX | $100.00 | 13.78% | 144,299 | $144,299 |
| United States Treasury Bill 07/23/2026 | 912797TP2 | $99.94 | 8.59% | 90,000 | $89,947 |
| Cash & Other | Cash&Other | $1.00 | -122.77% | -1,285,902 | $-1,285,902 |
Distributions
Declaration Date |
Ex-Div Date |
Record Date |
Payable Date |
Amount ($) |
|---|---|---|---|---|
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 | — |