SMST ETF

SMST ETF
$12.84
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Fund Essentials - as of Sep 15, 2026

Net Assets
$23M
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-74.15%
1 Year-16.94%

Asset Allocation

Cash: 300.04%
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Top Holdings

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TickerNameWeight
-Cash & Other299.13%
FGXXXFirst American Government Obligations Fund0.79%
-Strategy Inc Swap Bmo-S-14.28%
-Microstrategy Inc Swap - S- Cantor-31.49%
-Strategy Inc Swap Jnst-S-49.13%
Top 10 Concentration: 99.96%Report Date: Sep 15, 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 $23.4M 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 -74.15%. The 1-year return is -16.94%.

SMST top holdings include Cash & Other (299.1%), First American Government Obligations Fund (0.8%), Strategy Inc Swap Bmo-S (-14.3%), Microstrategy Inc Swap - S- Cantor (-31.5%), Strategy Inc Swap Jnst-S (-49.1%). 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
-59.96%
YTD
-74.15%
1 Year
-16.94%
3 Year
N/A

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

#TickerNameSectorWeight
1-Cash & OtherOther299.13%
2FGXXXFirst American Government Obligations FundFinancials0.79%
3-Strategy Inc Swap Bmo-SOther-14.28%
4-Microstrategy Inc Swap - S- CantorOther-31.49%
5-Strategy Inc Swap Jnst-SOther-49.13%
6-Strategy Inc Cs-SOther-50.87%
7-Strategy Inc Swap Marex-SOther-54.19%