Daily Target 2X Long RGTI ETF

Frequently Asked Questions About RGTX

What does RGTX invest in?

The Defiance Daily Target 2X Long RGTI ETF is engineered to yield investment results that are double (200%) the daily percentage change in the stock price of Rigetti Computing, Inc. (NASDAQ: RGTI). Due to its daily leveraged design, this Fund significantly differs from most other exchange-traded funds, and there is no assurance it will consistently achieve its stated goal. It is important to note that the Fund is not intended to provide a cumulative return of two times RGTI's performance for any duration exceeding a single trading day.

What is the expense ratio of RGTX?

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

Is RGTX a good long-term hold?

RGTX 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 RGTX's daily reset work?

RGTX 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 RGTX?

Daily Target 2X Long RGTI ETF (RGTX) manages $54.2M 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 RGTX actively managed or an index fund?

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