AXS 1.5X PYPL Bull Daily ETF

Frequently Asked Questions About PYPT

What does PYPT invest in?

Under normal market circumstances, the manager will maintain at least 80% exposure to financial instruments that provide one and a half times leveraged exposure to the daily performance of PYPL. The fund is an actively-managed ETF that seeks to achieve on a daily basis, before fees and expenses, 150% performance of PYPL for a single day, not for any other period, by entering into one or more swap agreements on PYPL. It is non-diversified.

What is the expense ratio of PYPT?

AXS 1.5X PYPL Bull Daily ETF (PYPT) charges an expense ratio of 1.15%. This is the annual fee deducted from fund assets to cover management and operations.

Is PYPT a good long-term hold?

PYPT 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 PYPT's daily reset work?

PYPT 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 PYPT?

AXS 1.5X PYPL Bull Daily ETF (PYPT) manages $2.5M 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 PYPT actively managed or an index fund?

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