SMST ETF

SMST ETF
$13.84
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Fund Essentials - as of Sep 1, 2026

Net Assets
$17M
Expense Ratio
1.31%
Dividend Yield (Current)
-
Holdings
16
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-35.45%
1 Year+169.70%

Asset Allocation

Bonds: 8.29%
Cash: 291.79%
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Top Holdings

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TickerNameWeight
-Cash & Other296.89%
FGXXXFirst American Government Obligations Fund3.03%
-Strategy Inc Swap Bmo-S-17.76%
-Microstrategy Inc Swap - S- Cantor-32.18%
-Strategy Inc Swap Marex-S-35.38%
Top 10 Concentration: 99.95%Report Date: Sep 1, 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 $16.8M in net assets. SMST expense ratio is 1.31%, holding 16 positions across sectors including Financials. Inception date: 2024-08-20.

SMST performance shows a YTD return of -35.45%. The 1-year return is 169.70%.

SMST top holdings include Cash & Other (296.9%), First American Government Obligations Fund (3.0%), Strategy Inc Swap Bmo-S (-17.8%), Microstrategy Inc Swap - S- Cantor (-32.2%), Strategy Inc Swap Marex-S (-35.4%). 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
-24.38%
YTD
-35.45%
1 Year
+169.70%
3 Year
N/A

Top 10 Holdings (net short exposure of 197% (≈-2x))

#TickerNameSectorWeight
1-Cash & OtherOther296.89%
2FGXXXFirst American Government Obligations FundFinancials3.03%
3-Strategy Inc Swap Bmo-SOther-17.76%
4-Microstrategy Inc Swap - S- CantorOther-32.18%
5-Strategy Inc Swap Marex-SOther-35.38%
6-Strategy Inc Cs-SOther-52.93%
7-Strategy Inc Swap Jnst-SOther-61.72%