Key stats
About Defiance Daily Target 2X Long MP ETF
Home page
Inception date
Oct 20, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
ISIN
US88636W6434
MPL uses swap agreements and short-dated listed call options to make bullish bets on the share price of MP Materials Corp. (NYSE: MP). MP Materials Corp. produces and processes rare earth materials, primarily used in magnets and other advanced technologies. The company operates the Mountain Pass mine in California, one of the only integrated rare earth facilities in the Western Hemisphere. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in MPs price through daily rebalancing. Returns may deviate from the expected 2x if held for longer than a single day due to factors such as volatility, compounding, or rebalancing effects. MPL may also hold US government securities, money market funds, short-term bond ETFs, and investment-grade corporate debt as collateral for its derivatives positions.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash93.71%
Government4.06%
Mutual fund2.23%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MPL assets under management is 6.90 M USD. It's risen 576.00% over the last month.
MPL fund flows account for 7.18 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, MPL doesn't pay dividends to its holders.
MPL shares are issued by Toroso Investments Topco LLC under the brand Defiance. The ETF was launched on Oct 20, 2025, and its management style is Active.
MPL expense ratio is 1.31% meaning you'd have to pay 1.31% of your investment to help manage the fund.
MPL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MPL invests in cash.
MPL trades at a premium (0.04%) meaning the ETF is trading at a higher price than the calculated NAV.