MJIN™ seeks the daily investment results, before fees and expenses, of -200% of the performance of the Prime Alternative Harvest Index, designed to give exposure to companies within the cannabis ecosystem beneﬁtting from global medicinal and recreational cannabis legalization initiatives.
- This leveraged ETF seeks a return that is -200% the return of its benchmark index for a single day. The Fund should not be expected to provide -2x the return of the benchmark’s cumulative return for periods greater than a day. There is no guarantee the Fund will meet its stated investment objective.
- There are many other signiﬁcant applications for cannabis and THC-based medicines and treatments ranging from epilepsy to cancer treatment to non-opioid pain management.
- The global cannabis market is expected to grow at a CAGR of 26.7% and reach $70.6B by 2028.4
Why Invest in a Leveraged ETF?
- Short-term trading seeking to magnify/capitalize on daily market movements.
- Can be used either as a hedging vehicle or in some arbitrage strategies.
- More efficient way of capital deployment to gain exposure.
About the Fund
The ETFMG 2x Daily Inverse Alternative Harvest ETF (MJIN™) seeks daily investment results, before fees and expenses, that correspond to negative two times (-2x) or (two times the opposite) of the return of the Prime Alternative Harvest Index (the “Index”) for a single day, not for any other period. The Index is designed to provide a benchmark for investors interested in beneﬁtting from the global cannabis industry, including both medicinal and recreational legalization initiatives.
About the Index
The Prime Alternative Harvest Index (the “Index”) has been created to provide investors with a product that enables them to take advantage of both event-driven news and long-term trends in the cannabis industry as well as the industries likely to be influenced by the medicinal and recreational cannabis legalization initiatives taking place globally. An investment cannot be made directly in an Index.
Investing in an ETFMG 2x Daily Leveraged ETF may be more volatile than investing in broadly diversified funds. The use of leverage by an ETF increases the risk to the ETF. The ETFMG 2x Daily Leveraged ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking daily leveraged, or daily inverse leveraged, investment results and intend to actively monitor and manage their investment as frequently as daily. The Fund’s returns for periods longer than a single day will very likely differ in amount, and possibly even direction, from the Fund’s 2x the return of the Index for the same period. For periods longer than a single day, the Fund will lose money if the Index’s performance is flat, and it is possible that the Fund will lose money even if the level of the Index rises.
Prime Indexes creates financial indexes that solve problems for both professional and self-directed investors. Prime Indexes are used as the basis for innovative new investment solutions for investors and use intuitive design principles so that new investment products can ultimately provide low-cost, efficient, and convenient access.
For more information, visit www.primeindexes.com.
as of 11/23/2022 3
Last Updated 11/23/2022
ETFMG 2x Daily Inverse Alternative Harvest ETF
Nav Price Change
Median Bid/Ask Spread (30 Day) (%)
Market Price Close
Market Price Changes
Month End Performance
Last Updated 10/31/2022
|Since Inception Cumulative||72.69||73.45|
|Since Inception Annualized||66.53||67.21|
Quarter End Performance
Last Updated 09/30/2022
|Since Inception Cumulative||199.26||193.91|
|Since Inception Annualized||-||-|
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Funds may be lower or higher than the performance quoted. All performance is historical and includes reinvestment of dividends and capital gains. Performance data current to the most recent month end may be obtained by calling 1-844-ETF-MGRS (1-844-383-6477).
as of 11/23/2022 3