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Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
1.29% -0.40% 65.93M 7.685M
Weighted Average Dividend Yield Turnover Ratio (Generic) 1 Year Fund Level Flows Max Drawdown (Since Inception)
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Basic Info

Investment Strategy
The investment seeks daily inverse investment results of -2 times (-200%) the daily percentage change of the common stock of Rigetti Computing, Inc. (Nasdaq: RGTI). The management has adopted a policy to have at least 80% of fund's net assets, plus borrowings for investment purposes, in financial instruments with economic characteristics that should provide 2 times the inverse exposure to the daily performance of the underlying security. The fund is non-diversified.
General
Security Type Exchange-Traded Fund
Equity Style --
Broad Asset Class Miscellaneous
Broad Category Other
Global Peer Group Alternative Dedicated Short Bias
Peer Group Dedicated Short Bias Funds
Global Macro Liquid Alternatives
US Macro Alternative Equity Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Growth & Income Funds
Fund Owner Firm Name Defiance
Broad Asset Class Benchmark Index
^SPXTR 100.0%

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Performance Versus Peer Group

 
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Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
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Total Return (NAV)
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Peer Group Rtn. (NAV)
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% Rank in Peer Group (NAV)
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Annual Total Returns Versus Peers

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Name
2018
2019
2020
2021
2022
2023
2024
2025
-4.38%
31.49%
18.40%
28.71%
-18.11%
26.29%
25.02%
17.88%
As of January 01, 2026.

Asset Allocation

As of December 26, 2025.
Type % Net
Cash 242.1%
Stock -156.6%
Bond 0.00%
Convertible 0.00%
Preferred 0.00%
Other 14.50%
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Basic Info

Investment Strategy
The investment seeks daily inverse investment results of -2 times (-200%) the daily percentage change of the common stock of Rigetti Computing, Inc. (Nasdaq: RGTI). The management has adopted a policy to have at least 80% of fund's net assets, plus borrowings for investment purposes, in financial instruments with economic characteristics that should provide 2 times the inverse exposure to the daily performance of the underlying security. The fund is non-diversified.
General
Security Type Exchange-Traded Fund
Equity Style --
Broad Asset Class Miscellaneous
Broad Category Other
Global Peer Group Alternative Dedicated Short Bias
Peer Group Dedicated Short Bias Funds
Global Macro Liquid Alternatives
US Macro Alternative Equity Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Growth & Income Funds
Fund Owner Firm Name Defiance
Broad Asset Class Benchmark Index
^SPXTR 100.0%

View Basic Info
Start Trial

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