PLTZ Fees and Costs — Defiance Daily Target 2x Short PLTR ETF
Data updated: 2026-09-28
The net expense ratio is 1.31%: a 1.29% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $459K in broker commissions, 0.8577% of average net assets, and portfolio turnover was 0%.
PLTZ Fees and Expenses
Annual operating expenses and sales charges of PLTZ. Prospectus, as of August 26, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.29% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| 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 |
PLTZ Costs Over Time
On $10,000 invested in PLTZ, assuming 5% a year before costs, total costs come to $1,325 over 5 years, cutting the return by 2.28% 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 | $424 | $726 |
| Trading costs (broker commissions) | $90 | $278 | $476 |
| Lost growth on money paid in costs | $0 | $35 | $123 |
| Total costs | $228 | $737 | $1,325 |
| Value after costs | $10,272 | $10,840 | $11,438 |
| Impact on return, per year | 2.28% | 2.28% | 2.28% |
PLTZ 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): 0.8577%
- Total broker commissions: $459K
- Bought from dealers (principal trades, not a cost): $71.4M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
PLTZ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MAREX CAPITAL MARKETS INC. | $173K | 37.79% |
| NOMURA SECURITIES INTERNATIONAL INC. | $142K | 31.03% |
| CANTOR FITZGERALD & CO. | $142K | 30.85% |
| BMO CAPITAL MARKETS CORP. | $1K | 0.32% |
PLTZ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $11.8M | 16.95% |
| BMO CAPITAL MARKETS CORP. | $11.6M | 16.69% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $11.0M | 15.77% |
| PERSHING LLC | $10.0M | 14.35% |
| RBC CAPITAL MARKETS LLC | $7.9M | 11.38% |
| SANTANDER INVESTMENT SECURITIES INC. | $5.0M | 7.17% |
| GOLDMAN SACHS & CO. LLC | $4.6M | 6.58% |
| JEFFERIES LLC | $3.3M | 4.68% |
| WELLS FARGO SECURITIES LLC | $2.9M | 4.11% |
| NOMURA SECURITIES INTERNATIONAL INC. | $1.6M | 2.32% |
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.