# Daily Target 2X Long LLY ETF (LLYX): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/llyx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Defiance · Asset class: Leveraged/Inverse - Strategy: Leveraged · Inception: 2024-08-07 This actively managed Exchange Traded Fund (ETF) aims to deliver amplified returns, specifically targeting twice (200%) the daily price movement of its underlying security. This objective is pursued through strategic deployment of derivatives, such as swap agreements and/or listed options contracts. It operates on a non-diversified basis. ## Key Facts | Metric | Value | |---|---| | Price | $33.46 | | Expense Ratio | 1.49% | | Assets Under Management | $41.9M | | NAV | $29.61 | | Holdings Count | 10 | | Distribution Yield (TTM) | 2.10% | | Annual Distribution (TTM) | $0.70 /share | | Distribution Frequency | Irregular | | 52-Week Range | $14.55 – $35.09 | | Beta | 0.60 | ## Latest Distribution - Amount: $0.7042 /share - Ex-date: 2025-12-30 - Pay date: 2025-12-31 ## Frequently Asked Questions ### What does LLYX invest in? This actively managed Exchange Traded Fund (ETF) aims to deliver amplified returns, specifically targeting twice (200%) the daily price movement of its underlying security. This objective is pursued through strategic deployment of derivatives, such as swap agreements and/or listed options contracts. It operates on a non-diversified basis. ### What is the expense ratio of LLYX? Daily Target 2X Long LLY ETF (LLYX) charges an expense ratio of 1.49%. This is the annual fee deducted from fund assets to cover management and operations. ### Is LLYX a good long-term hold? LLYX 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. ### How does LLYX's daily reset work? LLYX rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level, so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets. ### How big is LLYX? Daily Target 2X Long LLY ETF (LLYX) manages $41.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is LLYX actively managed or an index fund? LLYX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### Does LLYX pay a dividend? Daily Target 2X Long LLY ETF (LLYX) currently distributes little or no income. Trailing-twelve-month yield is 2.10%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does LLYX pay dividends? Daily Target 2X Long LLY ETF pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is LLYX's dividend yield? LLYX's trailing-twelve-month yield is 2.10%, calculated from the sum of dividends over the past year divided by the current price. ### When is LLYX's next ex-dividend date? The most recently announced ex-dividend date for LLYX was 2025-12-30. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will LLYX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.49% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does LLYX charge its expense ratio? The expense ratio is deducted in tiny daily slices from LLYX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does LLYX cost more than a fund like VOO? LLYX is a leveraged fund (current expense ratio 1.49%). Daily-reset leverage products carry swap and financing costs that don't exist on a plain-vanilla equity ETF. The Cost Verdict card compares against the leveraged/inverse cohort where these costs are the norm. ### Are there cheaper alternatives to LLYX? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as LLYX (1.49%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/llyx - Distribution history: https://www.dividenddata.com/funds/llyx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/llyx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/llyx/expenses - Peer comparison: https://www.dividenddata.com/funds/llyx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.