OKLL ETF — Holdings & Analysis

For informational purposes only. Not financial advice.

Quick Answer

With assets under management (AUM) of $0.12 billion and an expense ratio of 1.31%, OKLL is designed for investors seeking short-term, amplified exposure to Oklo Inc. It's crucial to understand that due to its leveraged nature, OKLL's performance over periods longer than a single trading day may not accurately reflect twice the cumulative return of OKLO.

Daily Target 2X Long OKLO ETF (OKLL) ETF — Price, Holdings & Analysis

The Defiance Daily Target 2X Long OKLO ETF (OKLL) is an equity ETF seeking to provide daily leveraged investment results, specifically two times (200%) the daily percentage change in the share price of Oklo Inc. (NYSE: OKLO). With assets under management (AUM) of $0.12 billion and an expense ratio of 1.31%, OKLL is designed for investors seeking short-term, amplified exposure to Oklo Inc. It's crucial to understand that due to its leveraged nature, OKLL's performance over periods longer than a single trading day may not accurately reflect twice the cumulative return of OKLO.

ETF Overview

The Defiance Daily Target 2X Long OKLO ETF (the “Fund”) seeks daily leveraged investment results of two times (200%) the daily percentage change in the share price of Oklo Inc. (NYSE: OKLO). Because the Fund seeks daily leveraged investment results, it is very different from most other exchange-traded funds and there is no guarantee that the Fund will meet its stated objective. The Fund should not be expected to provide 2 times the cumulative return of OKLO for periods greater than a single trading day.

OKLL aims to deliver twice the daily percentage change in the share price of Oklo Inc., a company listed on the NYSE under the ticker OKLO. This leveraged approach is designed for sophisticated investors seeking short-term tactical exposure to Oklo. The fund's strategy involves using financial instruments to amplify the daily returns of Oklo's stock. However, it's important to note that the fund's objective is geared towards daily performance, and its returns over longer periods can deviate significantly from a simple 2x multiple of Oklo's cumulative return. As of 2026-03-15, the fund's top holding is First American Government Obligs X (FGXXX) at 3.57%, with the remainder of the portfolio allocated to cash and other holdings. The fund's sector allocation is entirely in Cash & Others, and its country exposure is 100% to 'Other'.

Risk Metrics

OKLL carries a high level of risk due to its leveraged nature. The fund's objective of achieving 2x the daily percentage change in Oklo Inc.'s share price means that both gains and losses are amplified. This can lead to significant fluctuations in the fund's value, especially over longer holding periods. The high expense ratio of 1.31% further contributes to the risk profile, as it represents a substantial cost that can erode returns, particularly if the fund does not perform as expected. The fund's concentration in a single company (Oklo Inc.) also introduces concentration risk, as its performance is heavily dependent on the performance of that one company. With a Beta (3Y) of 0.00, it is difficult to assess the fund's volatility relative to the market, but its leveraged structure inherently suggests higher volatility.

Expense Ratio

1.31%

What does OKLL hold?

Holding	Weight
First American Government Obligs X (FGXXX)	3.57%

How Is the Fund Allocated?

Sector	Weight
Cash & Others	100.0%

Country	Weight
Other	100.0%

Dividend Yield

0.00%

iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
ARK Innovation ETF (ARKK) — 0.75% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio

Daily Target 2X Long RKLB ETF (RKLX) (Equity) — 1.31% expense ratio
Daily Target 2X Short PLTR ETF (PLTZ) (Equity) — 1.29% expense ratio
Daily Target 2X Long SOFI ETF (SOFX) (Equity) — 1.29% expense ratio
S&P 500 Weekly Distribution ETF (WDTE) (Equity) — 1.03% expense ratio
Daily Target 2X Short LLY ETF (LLYZ) (Equity) — 1.29% expense ratio
Defiance BMNR Option Income ETF (YBMN) (Equity) — 0.85% expense ratio

Risk Metrics

Beta: 0.00

Questions & Answers

What is OKLL and what does it track?

The Defiance Daily Target 2X Long OKLO ETF (OKLL) is an exchange-traded fund designed to provide daily leveraged investment results. Specifically, it aims to deliver two times (200%) the daily percentage change in the share price of Oklo Inc.

(NYSE: OKLO).

What is the expense ratio for OKLL?

The expense ratio for OKLL is 1.31%. This means that for every $10,000 invested in the fund, $131 is deducted annually to cover operating expenses.

This expense ratio is significantly higher than the average expense ratio for equity ETFs, which is around 0.44%. This higher cost when evaluating the potential returns of OKLL, especially in comparison to non-leveraged ETFs or those with lower expense ratios may be worth researching.

What are the top holdings in OKLL?

As of 2026-03-15, the top holding in OKLL is First American Government Obligs X (FGXXX), comprising 3.57% of the fund's portfolio. The remaining portion of the fund is allocated to cash and other holdings, representing 100% of the sector allocation.

Is OKLL a good long-term investment?

OKLL is generally not considered a suitable long-term investment due to its leveraged nature and daily reset mechanism.

The fund is designed to deliver two times the daily percentage change in Oklo Inc.'s stock price, which means that its performance over longer periods can be highly unpredictable and may not reflect a simple 2x multiple of Oklo's cumulative return.

How does OKLL compare to similar ETFs?

OKLL is unique in its highly specific focus: providing 2x daily leveraged exposure to a single company, Oklo Inc. Most other ETFs offer broader diversification across multiple companies or sectors.

The expense ratio of 1.31% is also significantly higher than many non-leveraged ETFs. Given its AUM of $0.12 billion, OKLL is relatively small compared to more established ETFs.

Does OKLL pay dividends?

According to the provided data, OKLL has a dividend yield of 0.00%. This indicates that the fund does not currently distribute any dividends to its shareholders.

The fund's focus is on delivering leveraged daily returns based on the price movement of Oklo Inc., rather than generating income through dividends. Investors seeking dividend income should consider alternative ETFs with a history of dividend payments.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Data provided for informational purposes only.

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