At a glance
DJTU charges 1.05% a year. It has $9.4M in assets.
The short version
T-REX 2X Long DJT Daily Target ETF (DJTU) aims to deliver twice the daily return of one stock, Trump Media & Technology Group (DJT), operator of Truth Social, mainly through swap contracts with financial institutions. It is built for short-term traders: leverage resets each trading day, so returns over longer periods can stray far from double DJT's move. It charges 1.05% a year and lost 61.9% in the three months to October 27, 2026.
Price history
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DJTU — over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| DJTU price data to Oct 27, 2026 | -53.2% | — | — | — | — | — |
- The deepest fall in its price history was 69.9% (Jul 30, 2026 to Oct 26, 2026), not yet recovered.
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
What's inside
As of Jun 30, 2026, the fund held 0 securities; the ten largest made up 0% of assets, and 2.6% sat in cash and money-market holdings.
| Holding | Weight |
|---|
By country
By asset type
What changed recently
- Over the three months to Jun 30, 2026, investors added a net $5.5M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -7.40%, -0.40%, -35.28%.
How it works
DJTU does not track an index or hold a basket of stocks. It aims for 200% of the one-day return of Trump Media & Technology Group (DJT) stock, before fees. Tuttle Capital Management gets that exposure mainly through swaps: contracts with a financial institution that pass through the gain or loss on DJT stock worth twice the fund's net assets. It may also use call options (the right to purchase DJT at a set price), including exchange-listed FLEX Options, or hold DJT shares, which add no leverage. As of June 30, 2026, the fund reported two DJT swaps; its other assets are expected to sit in money market funds and short-term, high-quality debt.
At each market close, the adviser resets exposure to 200% of net assets, adding exposure after DJT rises and cutting it after DJT falls. This daily reset means returns compound day by day. Over weeks or months, results are very likely to differ from twice DJT's return, and swings in the stock can erode value even if DJT ends flat. If DJT fell more than 50% in a single day, holders would lose everything.
The fund depends on the financial institutions on the other side of its swaps paying what they owe. Its board can also change the objective without a shareholder vote.
What it really costs
- DJTU charges 1.05% a year.
- Using the prospectus's standard example, $10,000 invested would cost about $107 in the first year and $1,281 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| DJTU | $107 | $334 | $579 | $1,281 |
In a retirement portfolio
DJTU seeks twice DJT's return for one trading day at a time, rests on a single stock, and fell 69.9% between July 30 and October 26, 2026.
DJTU is built for one-day bets on a single stock, so it adds little a retirement portfolio needs. Launched on March 4, 2025, it did not exist during the 2008 financial crisis, the 2020 COVID crash or the 2022 bear market, and its prospectus shows no full calendar-year results. Between June 9 and October 27, 2026, it fell as much as 69.9%, from a July 30 peak to an October 26 low, without recovering. Anyone needing cash after such a fall would lock in a steep loss.
It has paid no distributions, so it provides no income. Its expense ratio, the yearly fee taken from fund assets, is 1.05%: $107 in year one and $1,281 over 10 years on $10,000 in the SEC's standard example, which assumes 5% annual returns. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Active traders seeking twice DJT's daily move over a single session who can watch and adjust the position every trading day.
- Traders expecting a quick rise in DJT who accept that a one-day drop of more than 50% in the stock would wipe out the fund.
- Those wanting leveraged DJT exposure in an ordinary brokerage account without borrowing money themselves, and who accept a 1.05% yearly expense ratio.
Look elsewhere if
- Long-term savers and retirees: daily resets can skew multi-month results, and shares fell 61.9% in the three months to October 27, 2026.
- Income seekers: DJTU has made no distributions, and its 1.05% expense ratio comes out of fund assets every year.
- Anyone wanting diversification: all exposure rides on one company, Trump Media, valued at about $2.54 billion as of April 2, 2026.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
No close alternatives found.
Questions investors ask
Is DJTU a good long-term investment?
It isn't designed to be one. The prospectus says DJTU does not seek twice DJT's return over any period longer than one trading day. Because leverage resets at every close, returns compound daily and over months can land far from double DJT's move, especially when the stock swings sharply. Between June 9 and October 27, 2026, the fund fell as much as 69.9%. It also has made no distributions and charges a 1.05% expense ratio.
What's the difference between DJTU and owning DJT stock?
DJTU aims to move twice as much as DJT each day, up or down, before fees, while owning shares directly gives DJT's return exactly. The fund gets its exposure mainly through swap contracts, charges a 1.05% expense ratio, and resets leverage daily, so its long-run return can differ sharply from double DJT's. The downside is also amplified: a DJT drop of more than 50% in one day would wipe out DJTU, while the shares themselves would still have value.
Does DJTU pay dividends?
No. DJTU has made no distributions, so it has no yield to speak of. Any gain or loss comes from changes in its share price, which follows twice DJT's daily moves through swap contracts. The fund is not built to produce income, so investors who rely on regular payouts in retirement would find nothing here and might compare income-focused funds instead.
Can you lose all your money in DJTU?
Yes. The prospectus warns that if DJT falls more than 50% in a single trading day, DJTU's investors would lose all their money, because the fund's 2x leverage doubles that loss. Even without one collapse, steep declines can pile up: the fund fell 54.3% in the month to October 27, 2026. It also relies on swap counterparties, the financial institutions on the other side of each contract, to pay what they owe, and their failure could cause losses.
What is DJTU's expense ratio?
DJTU's expense ratio is 1.05% a year, according to its prospectus filed April 30, 2026, and it consists entirely of the management fee paid to Tuttle Capital Management. In the SEC's standard example, which assumes $10,000 invested and 5% annual returns, total costs come to about $107 after one year, $334 after three, $579 after five and $1,281 after 10. The fund is small, with net assets of about $9.4 million as of June 30, 2026.