Key stats
About Defiance Daily Target 2x Long LMND ETF
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Inception date
Oct 15, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
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
ISIN
US88636W7671
LMNX uses swap agreements and short-dated listed call options to make bullish bets on the share price of Lemonade, Inc. (NYSE: LMND). LMND is a fully digital insurance company. Its offerings include renters, homeowners, car, pet, and life insurance through its own licensed carriers in the U.S. and Europe. The company relies on reinsurance agreements and a fixed-fee model to manage underwriting risk and reduce variability in financial results. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in LMND price through daily rebalancing. Returns may deviate from the expected 2x if held for longer than a single day due to factors such as volatility and compounding effects. LMND expects 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
Bonds, Cash & Other100.00%
Cash95.60%
Government2.33%
Mutual fund2.06%
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
LMNX assets under management is 3.41 M USD. It's risen 241.06% over the last month.
LMNX fund flows account for 2.13 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, LMNX doesn't pay dividends to its holders.
LMNX shares are issued by Toroso Investments Topco LLC under the brand Defiance. The ETF was launched on Oct 15, 2025, and its management style is Active.
LMNX expense ratio is 1.31% meaning you'd have to pay 1.31% of your investment to help manage the fund.
LMNX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
LMNX invests in cash.
LMNX trades at a premium (0.44%) meaning the ETF is trading at a higher price than the calculated NAV.