Key stats
About Defiance Daily Target 2X Long SMCI ETF
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Inception date
Aug 21, 2024
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
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
Stocks2.69%
Electronic Technology2.69%
Bonds, Cash & Other97.31%
Cash93.00%
Mutual fund4.31%
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
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SMCX assets under management is 323.33 M USD. It's risen 52.39% over the last month.
SMCX fund flows account for 363.17 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, SMCX doesn't pay dividends to its holders.
SMCX shares are issued by Toroso Investments Topco LLC under the brand Defiance. The ETF was launched on Aug 21, 2024, and its management style is Active.
SMCX expense ratio is 1.29% meaning you'd have to pay 1.29% of your investment to help manage the fund.
SMCX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SMCX invests in cash.
SMCX price has risen by 31.42% over the last month, and its yearly performance shows a −91.28% decrease. See more dynamics on SMCX price chart.
NAV returns, another gauge of an ETF dynamics, showed a −66.85% decrease in three-month performance and has decreased by −8.93% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −66.85% decrease in three-month performance and has decreased by −8.93% in a year.
SMCX trades at a premium (0.04%) meaning the ETF is trading at a higher price than the calculated NAV.