TASE — Defiance Daily 2X Long Israel ETF

Data updated: 2026-07-06

TASE — Defiance Daily 2X Long Israel ETF. Leveraged · 1.31% expense ratio. Holdings, fees, performance and SEC filings.

TASE Fund Overview

TASE — Defiance Daily 2X Long Israel 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: TASE
  • SEC CIK: 0001924868
  • SEC series ID: S000106224
  • Share class ID: C000277061

TASE Investment Objective and Strategy

Defiance Daily 2X Long Israel 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 an exchange traded product (the Reference Asset) seeking to replicate the performance of the Israeli large-, mid-, and small-capitalization equity market segments. 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 price of the Reference Asset by employing derivatives, namely swap agreements and/or listed options contracts. The Fund aims to generate two times the daily performance of the Reference Asset for a single day, and not for any other period. A “single day” is defined as being calculated “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 Reference Asset, 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 swap agreements as a substitute for directly shorting the Reference Asset. The Fund will enter into one or more swap agreements with major financial institutions for a specified period ranging from one day to more than one year whereby the Fund and the financial institution will agree to exchange the return (or differentials in rates of return) earned or realized on the Reference Asset. 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 Reference Asset.

At the end of each day, the Fund’s swaps are valued using market valuations and the Fund’s investment adviser rebalances the Fund’s holdings in an attempt to maintain long

TASE Costs and Fees

TASE costs about $131 per $10,000 invested per year in fund expenses.

  • Net expense ratio: 1.31%
  • Gross expense ratio: 1.31%

TASE Debt Constituents

No individual debt constituents are reported in Defiance Daily 2X Long Israel ETF's latest SEC N-PORT filing.

TASE Prospectus and SEC Filings

Official Defiance Daily 2X Long Israel 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.