Defiance Daily Target 2x Long PM ETF

Frequently Asked Questions About ZYN

What does ZYN invest in?

An actively managed ETF that seeks daily investment results—before fees and expenses—of 2× the daily percentage change in the share price of Philip Morris International, Inc. (NYSE: PM). Designed for sophisticated, short-term investors seeking leveraged exposure to PM without using margin.

What is the expense ratio of ZYN?

An expense ratio for Defiance Daily Target 2x Long PM ETF (ZYN) is not available from our data sources — neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

Is ZYN a good long-term hold?

ZYN 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 ZYN's daily reset work?

ZYN 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 ZYN?

Defiance Daily Target 2x Long PM ETF (ZYN) manages $698,953 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 ZYN actively managed or an index fund?

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