T-REX 2X Long Tesla Daily Target ETF

Frequently Asked Questions About TSLT

What does TSLT invest in?

This ETF aims to provide daily returns that are double the performance of Tesla (TSLA) stock. It primarily achieves this magnified exposure by allocating at least 80% of its net assets, along with any borrowed capital, to swap agreements. These financial contracts are established with prominent global financial institutions and are designed to exchange returns, effectively targeting a daily exposure to TSLA equivalent to 200% of the fund's net asset value. The fund operates as a non-diversified portfolio.

What is the expense ratio of TSLT?

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

Is TSLT a good long-term hold?

TSLT 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 TSLT's daily reset work?

TSLT 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 TSLT?

T-REX 2X Long Tesla Daily Target ETF (TSLT) manages $181.6M 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 TSLT actively managed or an index fund?

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