Key stats
About Defiance Daily Target 2x Long PM ETF
Home page
www.defianceetfs.com/ZYN
Inception date
Sep 3, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
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
US88636V7854
ZYN uses swap agreements and short-dated listed call options to make bullish bets on the share price of Philip Morris International Inc. (NYSE: PM). PM manufactures and distributes cigarettes, tobacco products, and other nicotine items. The company also offers combustible tobacco products (e-vapor, heat-not-burn, and oral nicotine), wellness and healthcare products, and consumer accessories such as lighters and matches. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in PM 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 and compounding effects. ZYN expects to invest in US Government securities, money market funds, short-term bond ETFs, and corporate debt as collateral.
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
Stocks1.72%
Consumer Non-Durables1.72%
Bonds, Cash & Other98.28%
Cash89.88%
Mutual fund8.40%
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
ZYN assets under management is 977.85 K USD. It's fallen 2.22% over the last month.
ZYN fund flows account for 999.98 K 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, ZYN doesn't pay dividends to its holders.
ZYN shares are issued by Toroso Investments Topco LLC under the brand Defiance. The ETF was launched on Sep 3, 2025, and its management style is Active.
ZYN expense ratio is 1.31% meaning you'd have to pay 1.31% of your investment to help manage the fund.
ZYN follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ZYN invests in cash.
ZYN trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.