Key stats
About Defiance Daily Target 2X Long SMCI ETF
Expense ratio
1.29%
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Inception date
Aug 21, 2024
SMCX uses swap agreements to make bullish bets on Super Micro Computer, Inc. (SMCI) share price. SMCI designs and manufactures high-performance computer server solutions for data centers and cloud providers. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in SMCI's share price through daily rebalancing. As a leveraged product, it is designed for short-term tactical use, not as a long-term investment vehicle. Returns may deviate from the expected 2x if held longer than a single day due to factors like volatility and compounding effects. This strategy is high-risk and does not incorporate a defensive position. SMCX fund could potentially lose value over time, even if SMCI's performance is strong. It is expected to invest in US Government securities, money market funds, short-term bond ETFs, and corporate debt as collateral.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Rights & Warrants
Stocks9.54%
Electronic Technology9.54%
Bonds, Cash & Other90.46%
Cash78.26%
Rights & Warrants12.20%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history