Daily Target 2X Long ZETA ETF

Frequently Asked Questions About ZETX

What does ZETX invest in?

The Daily Target 2X Long ZETA ETF (ZETX) is designed to deliver returns equivalent to double (200%) the daily positive price movement of Zeta Global Holdings Corp. Class A (NYSE: ZETA) stock. It achieves this leveraged exposure by employing financial instruments such as swap agreements and short-dated, publicly listed call options, effectively making a bullish wager on ZETA's share performance. The underlying company, Zeta Global, specializes in operating energy-efficient data centers that supply essential computing infrastructure for intensive tasks like Bitcoin mining and artificial intelligence workloads, with a strong emphasis on scalable and sustainable power usage for advanced data processing. While ZETX aims to maintain this 2x leveraged exposure through daily rebalancing, holding the fund for more than a single day can result in returns that diverge from the targeted 200%, influenced by factors like market volatility, the effects of compounding, or the daily rebalancing process itself. Furthermore, ZETX may hold various assets as collateral for its derivative positions, including U.S. government securities, money market funds, short-term bond exchange-traded funds, and investment-grade corporate debt.

What is the expense ratio of ZETX?

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

What is the duration of ZETX?

Effective duration measures ZETX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. ZETX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of ZETX?

ZETX'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 ZETX?

Yield to maturity (YTM) is the total return you'd earn from ZETX if every bond in the portfolio is held to maturity at the current price. ZETX'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 ZETX a good long-term hold?

ZETX 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.