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Launched · SEC filings

T-Rex 2X Long Microsoft Daily Target ETF

MSFXCboeCThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$29.17+0.18 (+0.62%)

As of Oct 13, 2026, 3:59 PM

C50/ 100

Rank 77 of 380 in Single-Stock Long Leveraged

C50/100Rank 77 of 380inSingle-Stock Long Leveraged
Intraday session: up, 38 prints from 28.99 to 29.17. Range 29.17 to 29.94. Use the arrow keys to read each point.29.4029.6029.8010 AM12 PM2 PM4 PM
Expense ratio
1.05%
Fund size
$19M
1Y total return
−9.8%
Yield · Last 12 months
Data unavailable
Holdings
2
Avg volume · 30D
0.2M sh
NAV per share
$28.31
52W range
low $12.90high $39.37
Launched
Filings
SEC EDGAR

The ETF.net MSFX Grade

Based on 5 of 6 pillars

C

Score 50 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
77 of 380
Six-pillar profile for MSFX. Scores out of 100: Cost 43, Risk 50, Mission 73, Tradability 58, Holdings not scored, Durability 68. Strongest: Mission (73). Weakest: Cost (43). Based on 5 of 6 pillars.

Score 50 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C43 out of 100
    Rank 213 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A73 out of 100
    Rank 138 of 148

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C50 out of 100
    Rank 164 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B58 out of 100
    Rank 129 of 380

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B68 out of 100
    Rank 72 of 380

Our read on MSFX

ETF.net Research

COne job, done at double speed: MSFX aims for about twice Microsoft's daily move, then resets the clock every night. A 2024 T-Rex launch for traders who want geared MSFT in a plain brokerage account, measured in days rather than years.

Stated mandate

The Fund seeks to deliver approximately twice the daily performance of Microsoft Corp.'s publicly traded common stock, before fees and expenses. Results over periods longer than one trading day may differ because of daily compounding.

Why people hold it

  1. 01The mandate fits on a napkin: roughly twice Microsoft's daily move, before fees. No stock picking, no options overlay, no manager discretion.
  2. 02Since its January 2024 launch it has stayed close to that daily target, which puts it in the upper half of a crowded bullish single-stock leveraged field.
  3. 03Geared exposure inside a 1940 Act fund: no margin account, no borrowing, no margin call on the position, and it trades like any other ETF ticket.

Worth knowing

  1. 01Daily reset means compounding. Hold longer than a day and results can drift from twice Microsoft's move over that stretch, with choppy tape widening the gap.
  2. 02The ride runs 1.05% a year, a notch above the peer midpoint and above the cheapest 2x single-stock lineups such as ASMG and AMDG.
  3. 03One company, doubled. A Microsoft earnings gap or headline lands here at twice the force, with no other holdings to soften it.

MSFX Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
2
Top-10 weight
287%
Largest holding
Recv Msfx Trs Msft Eq195.8%

Sectors

  • Technology100.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Recv Msfx Trs Msft Eq195.83%70,409$38M1
002—Cash and Cash Equivalents91.55%17,612,257$18M124

Showing 1–2 of 2 holdings

MSFX Performance

Launched Jan 11, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
MSFX$9,015
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. MSFX $9,015. SPY $12,044. Use the arrow keys to read each point.$3,784$8,228$12,672Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for MSFX. Periods over one year show the average yearly return.
PeriodMSFX
Year to date+6.0%
1 month+17.5%
3 months+86.4%
1 year−9.8%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MSFX
YearReturn barMSFX
2026 YTD+6.0%
2025+9.8%
2024+3.8%

Since listing, Jan 11, 2024

MSFX in the news

Filtered to MSFX · Single-Stock Long Leveraged

MSFX Dividends

Last payment
$1.46 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 24, 2025 $1.46. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 24, 2025Dec 26, 2025$1.46

MSFX Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
58.7%
Annualised · 32 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.21
vs 3-month T-bills · 32 months to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−63.6%
33 months · trough Jun 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
2.70
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

MSFX Cost

Expense ratio1.05%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

212 of the 333 Single-Stock Long Leveraged funds charge less.

MSFX costs $105.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.

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