- What are the top holdings of MRNX?
- Daily Target 2X Long MRNA ETF holds 9 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.
- How many holdings does MRNX have?
- MRNX holds 9 positions as reported by the fund's most recent disclosure.
- What sectors does MRNX invest in?
- Daily Target 2X Long MRNA ETF (MRNX) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.
- What sector is MRNX most exposed to?
- MRNX's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.
- Is MRNX a US-only fund?
- The country allocation card on this page shows MRNX's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.
- What does MRNX invest in?
- The MRNX fund is designed to generate returns by taking a leveraged, bullish stance on the daily share price movements of Moderna, Inc. (MRNA). It achieves this primarily through the use of swap agreements and short-term listed call options. Its objective is to deliver a daily return equivalent to 200% (twice) the daily percentage change in MRNA's stock price, which it maintains through daily rebalancing. However, holding the fund for periods exceeding a single day may lead to actual returns that deviate significantly from this 2x daily target, influenced by factors like market volatility, compounding, and rebalancing impacts. For collateral supporting its derivative contracts, MRNX may also invest in stable assets such as U.S. government securities, money market funds, short-term bond exchange-traded funds (ETFs), and investment-grade corporate debt.
