# Tradr 2X Long SNDK Daily ETF (SNXX): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/snxx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Tradr · Asset class: Leveraged/Inverse - Strategy: Leveraged · Inception: 2026-01-26 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 retu... ## Key Facts | Metric | Value | |---|---| | Price | $8.44 | | Expense Ratio | 1.49% | | Assets Under Management | $1.07B | | NAV | $8.46 | | Holdings Count | 0 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $3.14 – $49.34 | | Beta | 0.00 | ## Frequently Asked Questions ### 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 with 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. ### Does SNXX pay a dividend? Tradr 2X Long SNDK Daily ETF (SNXX) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does SNXX pay dividends? Tradr 2X Long SNDK Daily ETF pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is SNXX's dividend yield? SNXX's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is SNXX's next ex-dividend date? SNXX hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page. ### How much will SNXX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.49% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does SNXX charge its expense ratio? The expense ratio is deducted in tiny daily slices from SNXX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does SNXX cost more than a fund like VOO? SNXX is a leveraged fund (current expense ratio 1.49%). Daily-reset leverage products carry swap and financing costs that don't exist on a plain-vanilla equity ETF. The Cost Verdict card compares against the leveraged/inverse cohort where these costs are the norm. ### Are there cheaper alternatives to SNXX? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as SNXX (1.49%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/snxx - Distribution history: https://www.dividenddata.com/funds/snxx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/snxx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/snxx/expenses - Peer comparison: https://www.dividenddata.com/funds/snxx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.