HOOZ Fees and Costs — Defiance Daily Target 2X Short HOOD ETF
Data updated: 2026-09-28
The net expense ratio is 1.31%: a 1.29% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $34K in broker commissions, 0.6276% of average net assets.
HOOZ Fees and Expenses
Annual operating expenses and sales charges of HOOZ. Prospectus, as of November 10, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.29% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 1.31% |
| Fee waiver | — |
| Net expense ratio | 1.31% |
| 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 |
HOOZ Costs Over Time
On $10,000 invested in HOOZ, assuming 5% a year before costs, total costs come to $1,189 over 5 years, cutting the return by 2.03% 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 1.31%) | $138 | $425 | $730 |
| Trading costs (broker commissions) | $66 | $204 | $350 |
| Lost growth on money paid in costs | $0 | $31 | $110 |
| Total costs | $203 | $660 | $1,189 |
| Value after costs | $10,297 | $10,916 | $11,573 |
| Impact on return, per year | 2.03% | 2.03% | 2.03% |
HOOZ 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): 0.6276%
- Total broker commissions: $34K
- Bought from dealers (principal trades, not a cost): $1.1M
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
HOOZ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| NOMURA SECURITIES INTERNATIONAL INC. | $18K | 53.04% |
| MAREX CAPITAL MARKETS INC. | $8K | 23.26% |
| CANTOR FITZGERALD & CO. | $5K | 15.85% |
| JANE STREET EXECUTION SERVICES LLC | $3K | 7.85% |
HOOZ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $379K | 34.19% |
| J.P. MORGAN SECURITIES LLC | $204K | 18.37% |
| RBC CAPITAL MARKETS LLC | $179K | 16.21% |
| WELLS FARGO SECURITIES LLC | $179K | 16.19% |
| NOMURA SECURITIES INTERNATIONAL INC. | $156K | 14.05% |
| GOLDMAN SACHS & CO. LLC | $11K | 0.99% |
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.