Defiance Daily Target 2x Long MSTR ETFDefiance Daily Target 2x Long MSTR ETFDefiance Daily Target 2x Long MSTR ETF

Defiance Daily Target 2x Long MSTR ETF

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Key stats


Assets under management (AUM)
‪469.88 M‬USD
Fund flows (1Y)
‪201.47 M‬USD
Dividend yield (indicated)
Discount/Premium to NAV
16.2%

About Defiance Daily Target 2x Long MSTR ETF


Issuer
Toroso Investments Topco LLC
Brand
Defiance
Expense ratio
1.29%
Inception date
Aug 15, 2024
Index tracked
No Underlying Index
Management style
Passive
MSTX uses swap agreements to make bullish bets on MicroStrategy Incorporated's (NYSE: MSTR) share price. MSTR was originally known for its enterprise analytics software. It has then pivoted to include acquiring and holding Bitcoin (BTC) as another operational business. The fund maintains a daily leveraged exposure equivalent to 200% of the fund's net assets through daily rebalancing. As a geared product, the fund is intended as a short-term tactical tool, rather than as a long-term investment vehicle. As a result, returns may deviate from the expected 2x if held for longer than a single day due to compounding. This strategy is high-risk and does not include a defensive position as part of its overall process. Additionally, the fund could potentially lose money over time, even if MSTR's performance strengthens. The fund is expected to invest in cash-like instruments as collateral. Following October 29, 2024, the fund adjusted its leverage ratio from 1.75x to 2x.

Classification


Asset Class
Equity
Category
Sector
Focus
Information technology
Niche
Application software
Strategy
Vanilla
Weighting scheme
Single asset
Selection criteria
Single asset

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of November 5, 2024
Exposure type
StocksBonds, Cash & Other
Cash
Rights & Warrants
Stocks8.14%
Technology Services8.14%
Bonds, Cash & Other91.86%
Cash59.59%
Rights & Warrants19.03%
Mutual fund6.92%
Miscellaneous6.33%
Stock breakdown by region
100%
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