VSTL
Defiance Daily Target 2X Long VST ETF
Distribution Rate *
Distribution Frequency
30-Day SEC Yield **
Defiance Daily Target 2X Long VST ETF (VSTL)
Overview
The Defiance Daily Target 2X Long VST ETF (VSTL) offers investors amplified daily exposure to Vistra Corp. (VST), a frontrunner in sustainable energy and power generation. As an innovative leveraged ETF, VSTL aims to provide 200% of the daily performance of VST, allowing active investors to tap into the growth of renewable energy, battery storage, and grid modernization without requiring a margin account. This fund is tailored for sophisticated investors who understand daily leverage and actively oversee their investments.
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 Vistra Corp. (NYSE: VST). The Fund does not seek to achieve its stated investment objective for a period other than a single trading day.
Underlying Stock: Vistra Corp. (“VST”)
Vistra Corp. is an integrated retail electricity and power generation company operating in 20 states and the District of Columbia, including all major competitive wholesale power markets (i.e., markets where energy producers compete to sell their power directly to large buyers like utilities and energy retailers) in the U.S. The company serves approximately 4 million residential, commercial, and industrial customers with electricity and natural gas. Vistra’s generation fleet provides approximately 37,000 megawatts of capacity from a diversified mix of natural gas, nuclear, coal, solar, and battery energy storage facilities. Its integrated model combines retail electricity sales with power generation and wholesale operations to efficiently meet customer demand. VST is listed on the New York Stock Exchange. Per VST’s most recent Form 10-K filing, the aggregate market value of the voting and non-voting stock held by non-affiliates of the registrant as of June 30, 2024 was $29.5 billion based upon the closing price reported for such date on NYSE.
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. 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.
VSTLMarket Price
Performance
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | 6.47% | 16.97% | -15.82% | -31.53% | -33.21% |
| Market Price (%) | 6.31% | 16.86% | -16.13% | -31.93% | -33.45% |
| 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% |
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | -8.97% | -8.97% | -36.81% | -52.96% | -42.90% |
| Market Price (%) | -9.03% | -9.03% | -37.14% | -53.22% | -43.05% |
| 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% | -20.94% | -38.40% | xx.xx% | -37.27% |
| Market Price (%) | xx.xx% | -21.11% | -38.69% | xx.xx% | -37.40% |
| 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% | -12.20% | -18.66% | xx.xx% | -20.65% |
| Market Price (%) | xx.xx% | -12.42% | -18.84% | xx.xx% | -20.65% |
| 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% | -11.25% | -25.55% | xx.xx% | -9.63% |
| Market Price (%) | xx.xx% | -11.26% | -25.58% | xx.xx% | -9.40% |
| 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% | 4.38% | xx.xx% | xx.xx% | 1.83% |
| Market Price (%) | xx.xx% | 4.44% | xx.xx% | xx.xx% | 2.10% |
| 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% | -19.63% | xx.xx% | xx.xx% | -2.45% |
| Market Price (%) | xx.xx% | -19.70% | xx.xx% | xx.xx% | -2.24% |
| 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% |
Fund Details
Data as of 03/12/2026Top Holdings
| Name | Symbol | Stock price | % Net assets | Shares Held | Market Value |
|---|---|---|---|---|---|
| Vistra Corp Inc Swap Ms-l | 92840M102-TRS-01/23/29-L-VSTL | $158.95 | 57.72% | 25,500 | $4,053,225 |
| Vistra Corp Swap Nomura | 92840M102-TRS-09/21/26-L | $158.95 | 37.80% | 16,700 | $2,654,465 |
| Vistra Corp Swap Bmo-l | 92840M102-TRS-01/29/27-L-VSTL | $158.95 | 37.57% | 16,600 | $2,638,570 |
| Vistra Corp Swap Marex | 92840M102-TRS-10/02/26-L-VSTL | $158.95 | 24.62% | 10,877 | $1,728,899 |
| Vistra Corp Com Cs | 92840M102-TRS-01/11/28-L-VSTL | $158.95 | 24.52% | 10,834 | $1,722,064 |
| Vistra Corp Swap Cant-l | 92840M102-TRS-09/08/28-L-VSTL | $158.95 | 17.69% | 7,815 | $1,242,194 |
| United States Treasury Bill 03/19/2026 | 912797PV3 | $99.97 | 14.65% | 1,029,000 | $1,028,691 |
| First American Government Obligations Fund 12/01/2031 | FGXXX | $100.00 | 7.21% | 506,408 | $506,408 |
| Cash & Other | Cash&Other | $1.00 | -121.84% | -8,555,947 | $-8,555,947 |
Distributions
Declaration Date |
Ex-Div Date |
Record Date |
Payable Date |
Amount ($) |
|---|---|---|---|---|
12/29/2026 |
12/30/2026 |
12/30/2026 |
12/31/2026 |
$– |
| Declaration Date | Ex-Div Date | Record Date | Payable Date | Amount ($) | |
|---|---|---|---|---|---|
| 12/30/2025 | 12/31/2025 | 12/31/2025 | 01/02/2025 | — |
| Distribution Rate *
Payable As of |
-% |
| Distribution Frequency | Monthly |
| 30-Day SEC Yield ** As of — |
-% |