Defiance Large Cap ex-Mag 7 ETF (XMAG)

The Defiance Large Cap ex-Mag 7 ETF is a passively managed exchange-traded fund from Defiance ETFs that trades on NASDAQ under the ticker XMAG. It launched in 2024.

The fund seeks to track an index of large-capitalization U.S. companies that excludes the so-called Magnificent Seven: Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms and Tesla. By removing these heavily weighted technology and communication names, the fund offers broad large-cap U.S. equity exposure that is less concentrated in a small group of mega-cap stocks.

The remaining portfolio spans sectors such as financials, health care, industrials, consumer staples, energy and the rest of technology, weighted according to the index methodology.