Tradr 2X Long SNDK Daily ETF

Frequently Asked Questions About SNXX

What does SNXX invest in?

The SNXX fund aims to generate gains by taking a bullish stance on Sandisk Corporation (NASDAQ: SNDK) shares, primarily through the use of swap agreements and listed call options. Direct investment in SNDK stock is also a possible strategy for the fund. Sandisk is a technology firm specializing in the creation, production, and supply of storage solutions leveraging NAND flash technology, with a product portfolio encompassing items like solid state drives, various memory cards, and USB flash drives. Through daily rebalancing, SNXX strives to achieve daily leveraged exposure, targeting a return equivalent to twice the daily percentage movement of SNDK's share price. It's important to note that holding the fund for more than one day may lead to returns diverging significantly from the targeted 200%, primarily due to the effects of volatility and compounding. For collateral purposes, the fund intends to allocate capital to US Government securities, money market instruments, short-term bond exchange-traded funds, and corporate debt.

What is the expense ratio of SNXX?

Tradr 2X Long SNDK Daily ETF (SNXX) charges an expense ratio of 1.49%. This is the annual fee deducted from fund assets to cover management and operations.

What is the duration of SNXX?

Effective duration measures SNXX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. SNXX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of SNXX?

SNXX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of SNXX?

Yield to maturity (YTM) is the total return you'd earn from SNXX if every bond in the portfolio is held to maturity at the current price. SNXX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.

Is SNXX a good long-term hold?

SNXX 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.