ZYN ETF — Holdings & Analysis

the share price of Philip Morris International, Inc. (NYSE: PM). ZYN is designed for sophisticated investors with a short-term horizon seeking leveraged exposure to a single stock, without the use of margin. The fund's strategy results in a concentrated portfolio, with a significant portion of its assets held in a single security and a small allocation to cash equivalents.

Defiance Daily Target 2x Long PM ETF (ZYN) ETF — Price, Holdings & Analysis

The Defiance Daily Target 2x Long PM ETF (ZYN) is an actively managed equity ETF launched on 2025-09-04 that seeks to provide daily investment results, before fees and expenses, that correspond to two times (2x) the daily percentage change in the share price of Philip Morris International, Inc. (NYSE: PM). ZYN is designed for sophisticated investors with a short-term horizon seeking leveraged exposure to a single stock, without the use of margin. The fund's strategy results in a concentrated portfolio, with a significant portion of its assets held in a single security and a small allocation to cash equivalents.

ETF Overview

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.

ZYN is designed for sophisticated, short-term investors seeking leveraged exposure to Philip Morris International (PM). The ETF aims to magnify PM's daily returns by 2x, making it a tool for tactical trading rather than long-term investing. As an actively managed fund, ZYN does not follow a traditional index. Instead, it uses a strategy to achieve its 2x daily leverage target. The fund's primary holding is First American Government Obligs X (FGXXX) at 6.62%, likely used for collateral management in its leveraged strategy. The fund exhibits significant geographic concentration, with 99% exposure to 'Other' countries and only 1% to the United States, reflecting the global nature of Philip Morris International's operations. Investors should understand the risks associated with leveraged ETFs before investing in ZYN. Past performance does not guarantee future results.

Risk Metrics

ZYN carries substantial risks due to its leveraged nature. The fund's objective of 2x daily returns can lead to amplified gains, but also amplified losses. The fund's concentration in a single stock, Philip Morris International, introduces significant company-specific risk. Any adverse event affecting PM could have a substantial negative impact on ZYN's value. The fund's beta is not available, but as a leveraged product, it is expected to have a beta significantly higher than 1, indicating high volatility relative to the market. The expense ratio is not available, but it will detract from performance, especially given the short-term nature of the fund's investment strategy. Investors should carefully consider their risk tolerance and investment horizon before investing in ZYN. Past performance does not guarantee future results.

What does ZYN hold?

Holding	Weight
First American Government Obligs X (FGXXX)	6.62%

How Is the Fund Allocated?

Country	Weight
Other	99.0%
United States	1.0%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio

Risk Metrics

Beta: 0.00

Questions & Answers

What is ZYN and what does it track?

The Defiance Daily Target 2x Long PM ETF (ZYN) is an actively managed ETF that seeks daily investment results, before fees and expenses, corresponding to two times (2x) the daily percentage change in the share price of Philip Morris International,…

Inc. (NYSE: PM).

What is the expense ratio for ZYN?

The expense ratio for ZYN is not currently available in the provided data. The expense ratio represents the annual cost of operating the fund, expressed as a percentage of the fund's assets.

It is important to consider the expense ratio when evaluating an ETF, as it can impact overall returns. Investors should consult the fund's prospectus for the most up-to-date information on fees and expenses before investing.

What are the top holdings in ZYN?

As of the latest data, the top holding in ZYN is First American Government Obligs X (FGXXX), with a weighting of 6.62%. This holding is likely used for collateral management purposes related to the fund's leveraged strategy.

The fund's investment strategy focuses on delivering twice the daily percentage change in the share price of Philip Morris International (PM).

Is ZYN a good long-term investment?

ZYN is designed for short-term tactical trading and is generally not considered suitable for long-term investment.

The fund's objective of delivering 2x the daily returns of Philip Morris International (PM) means that its performance can be highly volatile and subject to the effects of compounding, which can erode returns over longer periods.

How does ZYN compare to similar ETFs?

ZYN is unique in its specific focus on providing leveraged exposure to Philip Morris International (PM). While other leveraged ETFs exist, they typically target broader market indices or different sectors.

The fund's strategy and single-stock focus differentiate it from broad-based equity ETFs. Without expense ratio or AUM data, a full comparison is not possible.

Does ZYN pay dividends?

The provided data does not contain information regarding ZYN's dividend payments or dividend yield. As an ETF focused on leveraged daily returns, dividend income may not be a primary consideration.

Investors interested in dividend income should consult the fund's prospectus or other official documentation to determine whether ZYN distributes dividends and what the current yield is, if any.