Daily Target 2X Long OKLO ETF

Frequently Asked Questions About OKLL

What does OKLL invest in?

The Defiance Daily Target 2X Long OKLO ETF (referred to as "the Fund") seeks to provide investment results that correspond to two times (200%) the daily percentage change in the stock value of Oklo Inc. (NYSE: OKLO). Due to its objective of daily leveraged returns, this Fund operates distinctly from most conventional exchange-traded funds, and there is no guarantee that it will consistently meet its stated goal. It is important for investors to understand that the Fund is not expected to yield twice the cumulative performance of OKLO for holding periods extending beyond a single trading day.

What is the expense ratio of OKLL?

Daily Target 2X Long OKLO ETF (OKLL) charges an expense ratio of 1.31%. This is the annual fee deducted from fund assets to cover management and operations.

Is OKLL a good long-term hold?

OKLL 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.

How does OKLL's daily reset work?

OKLL 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 OKLL?

Daily Target 2X Long OKLO ETF (OKLL) manages $143.3M 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 OKLL actively managed or an index fund?

OKLL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.