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MJXL

ETFMG 2x Daily Alternative Harvest ETF

About MJXL

MJXL™ 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 global cannabis ecosystem benefitting from 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 2028.3

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 Alternative Harvest ETF (MJXL™) seeks daily investment results, before fees and expenses, that correspond to two times (2x) or 200% 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

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.

Research
Fund Summary
Fund Inception
7/06/2021
Ticker
MJXL
AUM as of 5/24/2022 1
$653,436
CUSIP
26924G698
ISIN
US26924G6989
Stock Exchange
NYSE ARCA
Expense Ratio 2
0.95%
Intraday NAV (IIV)
MJXL.IV
NAV Symbol
MJXL.NV
Rebalance Frequency
Daily
Index Provider
Prime Indexes
Index Ticker
HARVEST
Income Data
30-Day SEC Yield
as of 5/24/2022 4
-0.97%
Fund Documents
Related Funds

Fund Prices

Last Updated 5/24/2022

Fund Name

ETFMG 2x Daily Alternative Harvest ETF

NAV

1.21

Nav Price Change

-0.04

Median Bid/Ask Spread (30 Day) (%)

5.37

Symbol

MJXL

Market Price Close

1.22

Market Price Changes

-0.03

Premium/Discount (%)

0.82


Month End Performance

Last Updated 04/30/2022

NAV% Market Value%
Cumulative    
1 Month -38.45 -39.84
3 Months -38.05 -38.74
6 Months -66.77 -67.74
YTD -50.05 -52.10
Since Inception Cumulative -85.23 -85.20
Annual    
1 Year - -
3 Year - -
5 Year - -
Since Inception Annualized - -

Quarter End Performance

Last Updated 03/31/2022

NAV% Market Value%
Cumulative    
1 Month 11.97 12.84
3 Months -18.85 -20.39
6 Months -53.04 -51.34
YTD -18.85 -20.39
Since Inception Cumulative -76.00 -75.40
Annual    
1 Year - -
3 Year - -
5 Year - -
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).


Top 10 Index Holdings

Last Updated 05-24-2022

Name % Total Assets Ticker
CANOPY GROWTH CORP8.38%CGC UW Equity
TILRAY BRANDS INC7.73%TLRY UW Equity
CRONOS GROUP INC6.90%CRON UQ Equity
AURORA CANNABIS INC5.93%ACB UW Equity
SUNDIAL GROWERS INC5.23%SNDL UR Equity
INTERCURE LTD4.85%INCR UQ Equity
WM TECHNOLOGY INC4.03%MAPS UW Equity
GROWGENERATION CORP3.55%GRWG UR Equity
SWEDISH MATCH AB3.55%SWMA SS Equity
ORGANIGRAM HOLDINGS INC.3.54%OGI UW Equity

An Investment cannot be made directly in an index.

Research
Fund Summary
Fund Inception
7/06/2021
Ticker
MJXL
AUM as of 5/24/2022 1
$653,436
CUSIP
26924G698
ISIN
US26924G6989
Stock Exchange
NYSE ARCA
Expense Ratio 2
0.95%
Intraday NAV (IIV)
MJXL.IV
NAV Symbol
MJXL.NV
Rebalance Frequency
Daily
Index Provider
Prime Indexes
Index Ticker
HARVEST
Income Data
30-Day SEC Yield
as of 5/24/2022 4
-0.97%
Fund Documents
Related Funds

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