Tidal Trust II - Defiance Daily Target 2X Long ASTS ETF

Frequently Asked Questions About ASTY

What does ASTY invest in?

ASTY uses swap agreements and short-dated listed call options to make bullish bets on the share price of AST SpaceMobile, Inc. (NASDAQ: ASTS). AST SpaceMobile, Inc. built the first and only space-based cellular broadband network designed to operate directly with standard mobile devices. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in ASTS price through daily rebalancing. Returns may deviate from the expected 2x if held for longer than a single day due to factors such as volatility and compounding effects. The fund expects to invest in US Government securities, money market funds, short-term bond ETFs, and corporate debt as collateral.

What is the expense ratio of ASTY?

Tidal Trust II - Defiance Daily Target 2X Long ASTS ETF (ASTY) charges an expense ratio of 1.17%. This is the annual fee deducted from fund assets to cover management and operations.

What is the duration of ASTY?

Effective duration measures ASTY's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. ASTY's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of ASTY?

ASTY's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of ASTY?

Yield to maturity (YTM) is the total return you'd earn from ASTY if every bond in the portfolio is held to maturity at the current price. ASTY's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.

Is ASTY a good long-term hold?

ASTY is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple, typically with negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.