DKNX Fees and Costs — Defiance Daily Target 2X Long DKNG ETF
Data updated: 2026-09-28
The net expense ratio is 1.29%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $26K in broker commissions, 0.4995% of average net assets.
DKNX Fees and Expenses
Annual operating expenses and sales charges of DKNX. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.29% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.29% |
| Fee waiver | — |
| Net expense ratio | 1.29% |
| 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 |
DKNX Costs Over Time
On $10,000 invested in DKNX, assuming 5% a year before costs, total costs come to $1,102 over 5 years, cutting the return by 1.88% 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 1.29%) | $135 | $419 | $721 |
| Trading costs (broker commissions) | $52 | $162 | $279 |
| Lost growth on money paid in costs | $0 | $29 | $102 |
| Total costs | $188 | $610 | $1,102 |
| Value after costs | $10,312 | $10,966 | $11,661 |
| Impact on return, per year | 1.88% | 1.88% | 1.88% |
DKNX 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): 0.4995%
- Total broker commissions: $26K
- Bought from dealers (principal trades, not a cost): $4.1M
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
DKNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| NOMURA SECURITIES INTERNATIONAL INC. | $13K | 48.43% |
| CANTOR FITZGERALD & CO. | $8K | 31.60% |
| MAREX CAPITAL MARKETS INC. | $4K | 13.59% |
| MORGAN STANLEY & CO. LLC | $672 | 2.56% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $568 | 2.16% |
| JANE STREET EXECUTION SERVICES, LLC | $438 | 1.67% |
DKNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO CAPITAL MARKETS CORP. | $1.2M | 28.45% |
| JEFFERIES LLC | $727K | 17.82% |
| J.P. MORGAN SECURITIES LLC | $590K | 14.44% |
| WELLS FARGO SECURITIES LLC | $528K | 12.94% |
| NOMURA SECURITIES INTERNATIONAL INC. | $518K | 12.68% |
| RBC CAPITAL MARKETS LLC | $279K | 6.84% |
| GOLDMAN SACHS & CO. LLC | $264K | 6.47% |
| PERSHING LLC | $15K | 0.37% |
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.