- What are the top holdings of STSM?
- Tidal Trust II - Defiance Daily Target 2X Short TSM ETF holds 6 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.
- How many holdings does STSM have?
- STSM holds 6 positions as reported by the fund's most recent disclosure.
- What sectors does STSM invest in?
- Tidal Trust II - Defiance Daily Target 2X Short TSM ETF (STSM) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.
- What sector is STSM most exposed to?
- STSM's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.
- Is STSM a US-only fund?
- The country allocation card on this page shows STSM'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 STSM invest in?
- STSM uses swap agreements to make bearish bets on Taiwan Semiconductor Manufacturing Company Limited's (NYSE: TSM) share price. TSM is a leading global semiconductor manufacturer that produces advanced integrated circuits for technology companies worldwide. The fund maintains a daily leveraged exposure equivalent to -200% of the fund's net assets through daily rebalancing. As a geared product, the fund is intended as a short-term tactical tool, rather than as a long-term investment vehicle. As a result, returns may deviate from the expected -2x if held for longer than a single day due to compounding. This strategy is high-risk and does not include a defensive position as part of its overall process. Additionally, the fund could potentially lose money over time, even if TSM' performance strengthens. The fund is expected to invest in cash-like instruments as collateral.
