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| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | MAX |
|---|---|---|---|---|---|---|---|---|
| Total return | ▼ −0.9% | ▲ +19.4% | ▲ +521.8% | — | — | — | — | ▲ +695.4% |
| Peer average | ▼ −4.8% | ▼ −23.0% | ▼ −26.2% | ▼ −27.3% | ▼ −35.1% | ▲ +35.5% | — | — |
| S&P 500 · VOO | ▼ −0.5% | ▼ −2.3% | ▼ −2.2% | ▲ +11.2% | ▲ +11.8% | ▲ +89.5% | ▲ +77.1% | — |
Reported holdings are shown below. A share-of-fund chart is unavailable for this portfolio.
Holdings as of 2026-11-02. Derivatives are shown using their reported instrument names.
| Holding | Instrument | Weight |
|---|---|---|
| United States Treasury Bill 11/19/2026 | Reported holding | 64.55% |
| MODERNA INC SWAP CF-L | swap | 45.39% |
| MODERNA INC SWAP CS-L | swap | 44.03% |
| MODERNA INC SWAP NOMURA-L | swap | 38.63% |
| MODERNA INC SWAP MAREX-L | swap | 30.48% |
| MODERNA, INC.-SWAP-NBCB-L | swap | 24.95% |
| MODERNA, INC.-SWAP-JNST-L | swap | 15.20% |
| First American Government Obligations Fund 12/01/2031 | Reported holding | 2.34% |
| MODERNA, INC.-SWAP-BMOB-L | swap | 1.37% |
| Cash & Other | Reported holding | -166.93% |
The MRNX fund is designed to generate returns by taking a leveraged, bullish stance on the daily share price movements of Moderna, Inc. (MRNA). It achieves this primarily through the use of swap agreements and short-term listed call options. Its objective is to deliver a daily return equivalent to 200% (twice) the daily percentage change in MRNA's stock price, which it maintains through daily rebalancing. However, holding the fund for periods exceeding a single day may lead to actual returns that deviate significantly from this 2x daily target, influenced by factors like market volatility, compounding, and rebalancing impacts. For collateral supporting its derivative contracts, MRNX may also invest in stable assets such as U.S. government securities, money market funds, short-term bond exchange-traded funds (ETFs), and investment-grade corporate debt.
Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.
Verified payout history is unavailable.
Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.
Historical risk measures describe past behavior and do not predict future returns.
Hear the strategy from the people behind MRNX.