SMST ETF

SMST ETF
$14.75
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Fund Essentials - as of Oct 7, 2026

Net Assets
$12M
Expense Ratio
1.38%
Dividend Yield (Current)
-
Holdings
14
Inception Date
Aug 20, 2024
Fund Family
Defiance ETFs, LLC
Investment Style
PRO
Asset Class
PRO
Legal Structure
PRO
SEC 30-Day Yield
PRO

Performance

YTD-84.44%
1 Year-54.07%

Asset Allocation

Bonds: 31.14%
Cash: 268.87%
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Top Holdings

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TickerNameWeight
-Cash & Other268.29%
-United States Treasury Bills, 3.615%, 11/19/202631.13%
FGXXXFirst American Government Obligations Fund0.50%
-Strategy Inc Swap Bmo-S-32.96%
-Strategy Inc Cs-S-39.10%
Top 10 Concentration: 99.97%Report Date: Oct 7, 2026
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Peer Comparison

Benchmark
PRO
Peer outperformance: PRO
Category rank: PRO
This ETF
PRO
Peer Avg
PRO

SMST ETF Overview

SMST ETF (Defiance Daily Target 2X Short MSTR ETF) is managed by Defiance ETFs, LLC with $12.4M in net assets. SMST expense ratio is 1.38%, holding 14 positions across sectors including Financials. Inception date: 2024-08-20.

SMST performance shows a YTD return of -84.44%. The 1-year return is -54.07%.

SMST top holdings include Cash & Other (268.3%), United States Treasury Bills, 3.615%, 11/19/2026 (31.1%), First American Government Obligations Fund (0.5%), Strategy Inc Swap Bmo-S (-33.0%), Strategy Inc Cs-S (-39.1%). Go to all SMST holdings, SMST sectors, or SMST dividends.

SMST can be compared against other funds. Use SMST overlap to find shared positions, or SMST vs another fund for a side-by-side view. SMST alternatives are available via the screener, along with tax-loss harvesting opportunities.

1 Month
-43.99%
YTD
-84.44%
1 Year
-54.07%
3 Year
N/A

Top 10 Holdings (net short exposure of 199% (≈-2x))

#TickerNameSectorWeight
1-Cash & OtherOther268.29%
2-United States Treasury Bills, 3.615%, 11/19/2026Other31.13%
3FGXXXFirst American Government Obligations FundFinancials0.50%
4-Strategy Inc Swap Bmo-SOther-32.96%
5-Strategy Inc Cs-SOther-39.10%
6-Microstrategy Inc Swap - S- CantorOther-39.68%
7-Strategy Inc Swap Jnst-SOther-43.77%
8-Strategy Inc Swap Marex-SOther-44.44%