- What are the top holdings of SPCL?
- Defiance Pure Space Daily 2X Strategy ETF holds 13 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.
- How many holdings does SPCL have?
- SPCL holds 13 positions as reported by the fund's most recent disclosure.
- What sectors does SPCL invest in?
- Defiance Pure Space Daily 2X Strategy ETF (SPCL) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.
- What sector is SPCL most exposed to?
- SPCL's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.
- Is SPCL a US-only fund?
- The country allocation card on this page shows SPCL's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.
- What does SPCL invest in?
- SPCL is an exchange-traded fund designed to offer amplified exposure to a concentrated selection of companies within the burgeoning space economy. This includes firms focused on satellite communications, launch services, and various space-enabled technologies. Its portfolio construction employs a qualitative, thematic approach to identify a limited number of enterprises, typically ranging from 3 to 10. Selection criteria emphasize their deep involvement in space-related activities, their specific role within the industry, and their growth trajectory. While holdings are generally weighted equally, adjustments may occur to manage market volatility or liquidity concerns. Crucially, the fund does not directly invest in these underlying securities. Instead, it utilizes financial derivatives, such as swaps and options, to achieve its target of approximately 2x daily leverage. Due to this daily resetting of exposure, investors should note that returns over periods longer than a single day can diverge significantly from two times the performance of the underlying portfolio, primarily owing to compounding effects and market fluctuations. It's worth noting that prior to April 17, 2026, this fund was known by the ticker XAIL.
