Key stats
About Defiance Large Cap ex-Mag 7 ETF
Home page
Inception date
Oct 21, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
ISIN
US88636R7439
XMAG is passively managed to provide exposure to the stocks similar to the S&P 500 Index, while deselecting the Magnificent 7 Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla. The objective is to provide a more broad, balanced representation of the US equity market as compared to other broad-based index funds. Constituents are selected from the 700 largest stocks, ranked by descending market capitalization. The top 500 are selected, removing the seven stocks named above. Each share class for a stock is considered on a stand-alone basis. Entry and exit buffers are employed for each position to manage turnover and maintain stability of the index. An entry buffer requires a stock to meet more stringent criterion to be added, while exit buffers specify a threshold in which the holding will be sold. Holdings are weighted by free-float market capitalization. The portfolio is reconstituted and rebalanced quarterly.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Electronic Technology
Technology Services
Health Technology
Stocks99.23%
Finance22.01%
Electronic Technology14.29%
Technology Services12.50%
Health Technology11.25%
Retail Trade5.91%
Consumer Non-Durables5.27%
Producer Manufacturing4.56%
Consumer Services3.96%
Energy Minerals3.48%
Utilities3.46%
Transportation2.14%
Process Industries1.91%
Commercial Services1.66%
Industrial Services1.58%
Communications1.41%
Health Services1.37%
Distribution Services0.89%
Non-Energy Minerals0.84%
Consumer Durables0.66%
Miscellaneous0.06%
Bonds, Cash & Other0.77%
Mutual fund0.55%
Cash0.22%
Stock breakdown by region
North America96.20%
Europe3.71%
Middle East0.06%
Asia0.03%
Latin America0.00%
Africa0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
XMAG invests in stocks. The fund's major sectors are Finance, with 22.01% stocks, and Electronic Technology, with 14.29% of the basket. The assets are mostly located in the North America region.
XMAG top holdings are Broadcom Inc. and JPMorgan Chase & Co., occupying 3.72% and 2.24% of the portfolio correspondingly.
XMAG assets under management is 38.99 M USD. It's risen 7.41% over the last month.
XMAG fund flows account for 35.98 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, XMAG pays dividends to its holders with the dividend yield of 0.22%. The last dividend (Jan 3, 2025) amounted to 0.05 USD. The dividends are paid annually.
XMAG shares are issued by Toroso Investments Topco LLC under the brand Defiance. The ETF was launched on Oct 21, 2024, and its management style is Passive.
XMAG expense ratio is 0.35% meaning you'd have to pay 0.35% of your investment to help manage the fund.
XMAG follows the BITA US 500 ex-Magnificent 7 Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
XMAG invests in stocks.
XMAG price has risen by 1.94% over the last month, and its yearly performance shows a 8.09% increase. See more dynamics on XMAG price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.52% over the last month, showed a 4.92% increase in three-month performance and has increased by 9.97% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.52% over the last month, showed a 4.92% increase in three-month performance and has increased by 9.97% in a year.
XMAG trades at a premium (0.01%) meaning the ETF is trading at a higher price than the calculated NAV.