- What are the top holdings of BU?
- Defiance Daily Target 2X Long B ETF holds 8 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.
- How many holdings does BU have?
- BU holds 8 positions as reported by the fund's most recent disclosure.
- What sectors does BU invest in?
- Defiance Daily Target 2X Long B ETF (BU) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.
- What sector is BU most exposed to?
- BU's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.
- Is BU a US-only fund?
- The country allocation card on this page shows BU's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.
- What does BU invest in?
- The Defiance Daily Target 2X Long BU ETF (BU) is engineered to deliver amplified returns, specifically two times (200%) the daily percentage change of Barrick Mining Corporation (NYSE: B) shares. Barrick Mining is a major player in gold and copper production, as well as exploration and mining development. This objective is achieved through the use of swap agreements and daily rebalancing to consistently target this leveraged exposure. As a leveraged financial instrument, BU is explicitly structured for short-term, tactical trading rather than functioning as a long-term investment vehicle. Investors should be aware that holding periods extending beyond a single day can lead to significant deviations from the intended 2x daily return, primarily due to the detrimental effects of market volatility and compounding. This strategy inherently carries a high degree of risk and lacks any built-in defensive mechanisms. Consequently, BU's value could deteriorate over time, even during periods when Barrick Mining's underlying stock performance is positive. To back its positions, the fund primarily holds a portfolio of collateral assets, including U.S. Government securities, money market funds, short-term bond ETFs, and corporate debt.
