MAX Airlines -3X Inverse Leveraged ETNs

Frequently Asked Questions About JETD

What does JETD invest in?

This net total return index specifically monitors the share performance of publicly traded U.S. companies whose primary activities lie within the extensive aviation and aerospace industries. Its coverage encompasses a diverse array of businesses, including commercial air carriers, producers of airplanes and related parts, air cargo and supply chain management firms, aircraft leasing providers, and entities responsible for the operation and management of airlines and airports.

What is the expense ratio of JETD?

MAX Airlines -3X Inverse Leveraged ETNs (JETD) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations.

Is JETD a good long-term hold?

JETD is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple, typically with negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does JETD's daily reset work?

JETD rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level, so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is JETD?

MAX Airlines -3X Inverse Leveraged ETNs (JETD) manages $5.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is JETD actively managed or an index fund?

JETD's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.