Investment objective & strategy
As of Aug. 5, 2025 · prospectusObjective. The Fund seeks daily investment results, before fees and expenses, that correspond to two times (2X) the performance of an actively-managed group of pure quantum company securities (described below) for a single day (the group of equity securities is referred to as the Target Portfolio).
Strategy. Effective immediately, the first sentence of the first paragraph in the section titled Principal Investment Strategies Target Portfolio Selection is amended and restated as follows: The Adviser employs a thematic and qualitative approach to identify and select a focused portfolio of generally between four and ten companies aligned with the Funds quantum computing investment theme. Effective immediately, the first sentence of the third paragraph in the section titled Principal Investment Strategies Target Portfolio Selection is amended and restated as follows: Based on a proprietary evaluation framework, the Adviser constructs the Funds portfolio with generally between four and ten holdings. Effective immediately, the first sentence of the first paragraph in the section titled Principal Investment Strategies Target Portfolio Selection is amended and restated as follows: The Adviser employs a thematic and qualitative approach to identify and select a focused portfolio of generally between four and ten companies aligned with the Funds quantum computing investment theme. Effective immediately, the first sentence of the third paragraph in the section titled Principal Investment Strategies Target Portfolio Selection is amended and restated as follows: Based on a proprietary evaluation framework, the Adviser constructs the Funds portfolio with generally between four and ten holdings.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| FRST AM-GV OB-X | TMPXX | $1.41M | 5.54% |
| WI TREASURY SEC. 0.000000% 02/19/2026 | B | $1.21M | 4.75% |
Portfolio moves
Oct 31, 2025 → Jan 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Defiance Daily Target 2X Long HOOD ETF · HOOX | 96% | 1.29% |
| Defiance Daily Target 2X Long DKNG ETF · DKNX | 95% | 1.29% |
| Defiance Daily Target 2x Long ONDS ETF | 95% | — |
Footnotes
- Expense ratio as of July 9, 2025, from the fund's prospectus.
- Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
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