Key stats
About Defiance Leveraged Long + Income SMCI ETF
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Inception date
Aug 19, 2025
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
ISIN
US88636V1246
SMCC is an actively managed ETF pursuing two main strategies: leverage and income generation. The leverage strategy uses derivatives (swaps and options) to provide daily exposure of roughly 150% to 200% of Super Micro Computer (SMCI) stock, aiming to amplify returnsthough this also increases risk and potential losses. The income generation strategy uses credit call spreadsselling a call option and buying a higher strike callto generate premium income and help manage risk from the leveraged exposure. While this can limit upside during sharp rallies in AMD, it helps offset losses and generate regular income, typically distributed weekly. The fund holds US government securities, money market funds, short-term bond ETFs, and high-quality corporate debt as collateral for its derivatives positions. The fund's exposure and leverage may be adjusted based on market conditions, derivative availability, and risk management considerations.
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
Government
Mutual fund
Bonds, Cash & Other100.00%
Cash33.36%
Rights & Warrants24.60%
Government22.42%
Mutual fund19.63%
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
SMCC last dividends amounted to 0.20 USD. The week before, the issuer paid 0.23 USD in dividends, which shows a 11.42% decrease.
SMCC assets under management is 1.50 M USD. It's risen 49.63% over the last month.
SMCC fund flows account for 1.43 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.
Yes, SMCC pays dividends to its holders with the dividend yield of 2.07%. The last dividend (Sep 11, 2025) amounted to 0.20 USD. The dividends are paid weekly.
SMCC shares are issued by Toroso Investments Topco LLC under the brand Defiance. The ETF was launched on Aug 19, 2025, and its management style is Active.
SMCC expense ratio is 1.51% meaning you'd have to pay 1.51% of your investment to help manage the fund.
SMCC follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SMCC invests in cash.
SMCC trades at a premium (0.20%) meaning the ETF is trading at a higher price than the calculated NAV.