MSFXT-Rex 2X Long Microsoft Daily Target ETF
Seeks daily investment results, before fees and expenses, of 200% (2x) of the daily performance of MSFT.
By Rex · Launched 2024
1.05%
#5,085 of 5,573 · expensive
$38M
#3,816 of 5,573 · small
-48.1%
2 years
#3,394 of 5,573 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 2 holdings = -1.4% of fund✓ well diversified
Asset allocation
By sector
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks daily investment results, before fees and expenses, of 200% (2x) of the daily performance of MSFT.
- Strategy
- Seeks 200% of the daily return of Microsoft Corporation (MSFT) common stock via swap agreements with global financial institutions, rebalanced daily to maintain 2x leveraged exposure. Concentrates in the technology sector and computer software industry to which MSFT is assigned; not designed to achieve its objective over periods longer than one trading day.
- Inception date
- January 10, 2024
- Fund family
- Rex
Similar funds
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Leveraged single-stock ETF — documented structural drag
Single-stock leveraged ETFs magnify one stock's daily move. Research on these products (Bessembinder et al., 2024) finds 56% posted negative absolute returns over one year, with ~9.5% annual drag versus the underlying stock. Daily rebalancing plus financing costs work against the investor on any holding period longer than a few days.
Source: Bessembinder, Cooper, Zhang — 'Leveraged Single-Stock ETFs' (SSRN 2024)
Why we flagged this: strategy=leveraged + single_stock_wrapper
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-06-20