"The Defiance Large Cap ex-Mag 7 ETF holds the S&P 500 with one deliberate omission: Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta, and Tesla are all excluded. The fund carries a 0.35% expense ratio and has turned over just 7% of its portfolio, signaling a passive, low-friction approach."
"Income comes entirely from dividends paid by underlying holdings. XMAG has paid distributions only twice since its October 2024 inception: $0.047 in December 2024 and $0.116 in December 2025. The income stream is real but thin."
"Without the Magnificent 7, the sector map shifts considerably. Information technology still leads at 21%, followed by financials at 16% and healthcare at 14%. The top holding is Broadcom at 3.85%, a semiconductor company with explosive AI revenue growth but a yield that contributes modestly to the fund's income."
The Defiance Large Cap ex-Mag 7 ETF excludes Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta, and Tesla, focusing on around 490 large-cap companies. It has a 0.35% expense ratio and a low turnover of 7%. The fund generates income solely from dividends, with a trailing yield of 1.2%. Since its inception in October 2024, it has distributed dividends twice. The portfolio is heavily weighted in information technology, financials, and healthcare, with Broadcom as the top holding, contributing to a modest income stream.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]