Daily Target 2X Long LMND ETF

Frequently Asked Questions About LMNX

What does LMNX invest in?

This Fund endeavors to produce daily investment performance equivalent to two times (200%) the daily percentage movement of Lemonade, Inc. (NYSE: LMND) shares, prior to the deduction of fees and expenses. Crucially, the Fund's investment goal is solely intended to be met on a daily basis and is not designed for holding periods longer than a single trading day.

What is the expense ratio of LMNX?

Daily Target 2X Long LMND ETF (LMNX) charges an expense ratio of 1.31%. This is the annual fee deducted from fund assets to cover management and operations.

Is LMNX a good long-term hold?

LMNX 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 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 LMNX's daily reset work?

LMNX 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 LMNX?

Daily Target 2X Long LMND ETF (LMNX) manages $4.6M 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 LMNX actively managed or an index fund?

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