# Daily Target 2X Long NOK ETF (LNOK): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/lnok 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: 2026-01-20 The LNOK exchange-traded fund is structured to provide leveraged exposure, aiming to deliver daily returns equivalent to 200% of the daily percentage change in Nokia Corporation - ADR (NYSE: NOK) stock price. It achieves this objective by utilizing financial instruments like swap agreements and short-term, listed call options, which are designed to capitalize on anticipated upward movements in Nokia's share value. Nokia Corporation, the underlying company, operates energy-efficient data centers that offer essential computing infrastructure for demanding applications such as Bitcoin mining a... ## Key Facts | Metric | Value | |---|---| | Price | $9.65 | | Expense Ratio | 1.30% | | Assets Under Management | $20.5M | | NAV | $12.95 | | Holdings Count | 10 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $8.85 – $60.61 | | Beta | 9.37 | ## Frequently Asked Questions ### What does LNOK invest in? The LNOK exchange-traded fund is structured to provide leveraged exposure, aiming to deliver daily returns equivalent to 200% of the daily percentage change in Nokia Corporation - ADR (NYSE: NOK) stock price. It achieves this objective by utilizing financial instruments like swap agreements and short-term, listed call options, which are designed to capitalize on anticipated upward movements in Nokia's share value. Nokia Corporation, the underlying company, operates energy-efficient data centers that offer essential computing infrastructure for demanding applications such as Bitcoin mining and AI workloads, with a key focus on scalable and sustainable power usage for high-performance data processing. LNOK maintains its targeted 2x daily leverage through a strategy of continuous daily rebalancing. However, investors holding the fund for periods longer than a single trading day should be aware that actual returns may diverge significantly from the intended double-leveraged performance. This deviation can be influenced by various factors, including market volatility, the compounding of daily returns, and the impact of the fund's rebalancing activities. Additionally, to serve as collateral for its derivatives positions, LNOK may hold a variety of assets such as U.S. government securities, money market funds, short-duration bond exchange-traded funds, and investment-grade corporate debt. ### What is the expense ratio of LNOK? Daily Target 2X Long NOK ETF (LNOK) charges an expense ratio of 1.30%. This is the annual fee deducted from fund assets to cover management and operations. ### What is the duration of LNOK? Effective duration measures LNOK's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. LNOK's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of LNOK? LNOK'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 LNOK? Yield to maturity (YTM) is the total return you'd earn from LNOK if every bond in the portfolio is held to maturity at the current price. LNOK'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 LNOK a good long-term hold? LNOK 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. ### Does LNOK pay a dividend? Daily Target 2X Long NOK ETF (LNOK) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does LNOK pay dividends? Daily Target 2X Long NOK ETF pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is LNOK's dividend yield? LNOK's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is LNOK's next ex-dividend date? LNOK hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page. ### How much will LNOK's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.30% 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 LNOK charge its expense ratio? The expense ratio is deducted in tiny daily slices from LNOK'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 LNOK cost more than a fund like VOO? LNOK is a leveraged fund (current expense ratio 1.30%). 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 LNOK? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as LNOK (1.30%) 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/lnok - Distribution history: https://www.dividenddata.com/funds/lnok/dividend - Holdings & diversification: https://www.dividenddata.com/funds/lnok/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/lnok/expenses - Peer comparison: https://www.dividenddata.com/funds/lnok/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.