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Defiance Daily Target 2X Long SOFI ETFDefiance Daily Target 2X Long SOFI ETFDefiance Daily Target 2X Long SOFI ETF

Defiance Daily Target 2X Long SOFI ETF

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Overview
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SOFX chart


Full chart

Key stats


Assets under management (AUM)
‪1.10 M‬ USD
Fund flows (1Y)
‪999.98 K‬ USD
Dividend yield (indicated)
—
Discount/Premium to NAV
−0.05%
Shares outstanding
‪50.00 K‬
Expense ratio
1.29%

About Defiance Daily Target 2X Long SOFI ETF


Issuer
Toroso Investments Topco LLC
Brand
Defiance
Home page
defianceetfs.com
Inception date
Jan 15, 2025
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Replication method
Synthetic
Management style
Active
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
SOFX uses swap agreements to make bullish bets on SoFi Technologies, Inc. (SOFI) share price. SOFI is an American personal finance and financial technology company that provides various financial services. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in SOFI'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. SOFX could potentially lose value over time, even if SOFI'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.

Seasonals


Displays a symbol's price movements over previous years to identify recurring trends.