C000269221 Fees and Costs — Defiance Daily Target 2x Long LUNR ETF
Data updated: 2026-09-28
The net expense ratio is 1.34%: a 1.29% management fee plus 0.05% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $28K in broker commissions, 0.2503% of average net assets, and portfolio turnover was 0%.
C000269221 Fees and Expenses
Annual operating expenses and sales charges of C000269221. Prospectus, as of August 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.29% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.05% |
| Gross expense ratio | 1.34% |
| Fee waiver | — |
| Net expense ratio | 1.34% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000269221 Costs Over Time
On $10,000 invested in C000269221, assuming 5% a year before costs, total costs come to $983 over 5 years, cutting the return by 1.67% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.34%) | $141 | $436 | $752 |
| Trading costs (broker commissions) | $26 | $81 | $140 |
| Lost growth on money paid in costs | $0 | $26 | $91 |
| Total costs | $167 | $544 | $983 |
| Value after costs | $10,333 | $11,033 | $11,780 |
| Impact on return, per year | 1.67% | 1.67% | 1.67% |
C000269221 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.2503%
- Total broker commissions: $28K
- Bought from dealers (principal trades, not a cost): $2.0M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
C000269221 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MAREX CAPITAL MARKETS INC. | $17K | 61.80% |
| NATIONAL BANK OF CANADA FINANCIAL INC. | $5K | 16.72% |
| CANTOR FITZGERALD & CO. | $3K | 11.03% |
| NOMURA SECURITIES INTERNATIONAL INC. | $3K | 10.45% |
C000269221 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES LLC | $658K | 32.82% |
| RBC CAPITAL MARKETS LLC | $568K | 28.36% |
| J.P. MORGAN SECURITIES LLC | $443K | 22.10% |
| NOMURA SECURITIES INTERNATIONAL INC. | $335K | 16.72% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.