Defiance Daily Target 2x Short IONQ ETF

Frequently Asked Questions About IONZ

What does IONZ invest in?

IONZ primarily uses swaps to make bullish bets on the share price of IonQ, Inc. (NYSE: IONQ). IonQ sells quantum computing hardware along with maintenance and support services. The company also provides access to several quantum computers, each with different qubit capacities. The fund aims to maintain daily inverse exposure equivalent to 200% of the daily percentage change in IONQs share price through daily rebalancing. As a geared product, the fund is intended as a short-term tactical tool, rather than as a long-term investment vehicle. As a result, returns may deviate from the expected -2x if held for longer than a single day due to compounding. The Funds collateral for its derivatives positions can include the following: US Government securities, money market funds, short-term bond ETFs, corporate bonds, and other investment-grade short-term unsecured promissory notes.

What is the expense ratio of IONZ?

Defiance Daily Target 2x Short IONQ ETF (IONZ) charges an expense ratio of 1.29%. This is the annual fee deducted from fund assets to cover management and operations.

What is the duration of IONZ?

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

What is the credit quality of IONZ?

IONZ'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 IONZ?

Yield to maturity (YTM) is the total return you'd earn from IONZ if every bond in the portfolio is held to maturity at the current price. IONZ'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 IONZ a good long-term hold?

IONZ 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 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.