HOOX Fees and Costs — Defiance Daily Target 2X Long HOOD ETF
Data updated: 2026-09-28
The net expense ratio is 0.68%: a 0.65% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $295K in broker commissions, 1.6989% of average net assets, and portfolio turnover was 210%.
HOOX Fees and Expenses
Annual operating expenses and sales charges of HOOX. Prospectus, as of September 2, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.68% |
| Fee waiver | — |
| Net expense ratio | 0.68% |
| 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 |
HOOX Costs Over Time
On $10,000 invested in HOOX, assuming 5% a year before costs, total costs come to $1,448 over 5 years, cutting the return by 2.50% 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 0.68%) | $71 | $220 | $375 |
| Trading costs (broker commissions) | $178 | $549 | $938 |
| Lost growth on money paid in costs | $0 | $38 | $135 |
| Total costs | $250 | $807 | $1,448 |
| Value after costs | $10,250 | $10,770 | $11,315 |
| Impact on return, per year | 2.50% | 2.50% | 2.50% |
HOOX 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): 1.6989%
- Total broker commissions: $295K
- Bought from dealers (principal trades, not a cost): $55.4M
- Portfolio turnover (prospectus): 210%
- Securities lending: none during the year
HOOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CANTOR FITZGERALD & CO. | $206K | 69.71% |
| NOMURA SECURITIES INTERNATIONAL INC. | $46K | 15.69% |
| MAREX CAPITAL MARKETS INC. | $23K | 7.70% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $12K | 4.13% |
| BMO CAPITAL MARKETS CORP. | $7K | 2.30% |
| JANE STREET EXECUTION SERVICES LLC | $1K | 0.48% |
HOOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $44.1M | 79.64% |
| J.P. MORGAN SECURITIES LLC | $3.1M | 5.57% |
| WELLS FARGO SECURITIES LLC | $1.7M | 3.07% |
| BMO CAPITAL MARKETS CORP. | $1.7M | 3.01% |
| RBC CAPITAL MARKETS LLC | $1.4M | 2.61% |
| JEFFERIES LLC | $1.4M | 2.55% |
| NOMURA SECURITIES INTERNATIONAL INC. | $904K | 1.63% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $748K | 1.35% |
| GOLDMAN SACHS & CO. LLC | $236K | 0.43% |
| PERSHING LLC | $75K | 0.14% |
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.