T-REX 2X Long NVIDIA Daily Target ETF

Frequently Asked Questions About NVDX

What does NVDX invest in?

Under typical market conditions, this fund primarily allocates at least 80% of its net assets to swap agreements. These agreements are structured to deliver two times (200%) the daily return of NVIDIA (NVDA) stock. The fund enters into these derivative contracts with major global financial institutions. Through these arrangements, the fund and the counterparty institution agree to exchange returns, targeting a daily outcome equivalent to 200% of the fund's net asset value. This investment vehicle maintains a non-diversified portfolio.

What is the expense ratio of NVDX?

T-REX 2X Long NVIDIA Daily Target ETF (NVDX) charges an expense ratio of 1.05%. This is the annual fee deducted from fund assets to cover management and operations.

Is NVDX a good long-term hold?

NVDX 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 NVDX's daily reset work?

NVDX 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 NVDX?

T-REX 2X Long NVIDIA Daily Target ETF (NVDX) manages $444.3M 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 NVDX actively managed or an index fund?

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