CLFL — Defiance Daily Target 2X Long CLF ETF
Data updated: 2026-08-28
CLFL — Defiance Daily Target 2X Long CLF ETF. Leveraged · 1.31% expense ratio. Holdings, fees, performance and SEC filings.
CLFL Fund Overview
CLFL — Defiance Daily Target 2X Long CLF ETF is a US ETF managed by Tidal Trust II, categorised as Leveraged. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Tidal Trust II
- Category: Leveraged
- Ticker: CLFL
- SEC CIK: 0001924868
- SEC series ID: S000101001
- Share class ID: C000270927
CLFL Investment Objective and Strategy
Defiance Daily Target 2X Long CLF ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Tidal Trust II.
Investment objective
The Fund seeks daily investment results, before fees and expenses, of two times (200%) the daily percentage change in the share price of Cleveland-Cliffs Inc. (NYSE: CLF). The Fund does not seek to achieve its stated investment objective for a period other than a single trading day.
Principal investment strategy
The Fund is an actively managed exchange traded fund (“ETF”) that attempts to achieve two times (200%) the daily percentage change in the share price of the Underlying Security by employing derivatives, namely swap agreements and/or listed options contracts. The Fund aims to achieve this daily percentage change for a single day, and not for any other period. A “single day” means the period “from the close of regular trading on one trading day to the close on the next trading day.” If the Fund encounters limitations in implementing its strategies, whether due to market conditions, derivative availability, counterparty issues, or other factors, the Fund may not achieve investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Underlying Security and may return substantially less during such periods.
During such periods, the Fund’s actual leverage levels may differ substantially from its intended target, both intraday and at the close of trading, potentially resulting in significantly lower returns. The Fund may enter into one or more swap agreements with financial institutions for a specified period, which may range from one day to longer than a year. Through each swap agreement, the Fund and the financial institution will agree to exchange the return (or differentials in rates of return) earned or realized on the Underlying Security’s share price. The gross return (meaning the return before deducting any fees or expenses) to be exchanged or “swapped” between the parties is calculated with respect to a “notional amount,” (meaning the face amount of the instrument) e.g., the return on or change in value of a particular dollar amount representing the Underlying Security.
The Fund may also utilize listed options to seek to achieve leveraged 2X exposure to the Underlying Security. The Fund will primarily employ short-dated (a month or less) in-the-money call options (options with strike prices below the current market pri
CLFL Costs and Fees
CLFL costs about $131 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.31%
- Gross expense ratio: 1.31%
CLFL Debt Constituents
No individual debt constituents are reported in Defiance Daily Target 2X Long CLF ETF's latest SEC N-PORT filing.
CLFL Prospectus and SEC Filings
Official Defiance Daily Target 2X Long CLF ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Leveraged funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.