Large Cap Ex-Mag 7 ETF
XMAG
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- Defiance Large Cap ex-Mag 7 ETF (XMAG) is an exchange-traded fund that seeks to track the performance, before fees and expenses, of the BITA US 500 ex-Magnificent 7 Index. The fund provides exposure to a diversified portfolio of large-cap U.S. equity securities comprising the largest 500 publicly traded stocks, excluding the seven dominant technology companies known as the Magnificent 7—Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms, and Tesla; it employs a full replication technique, investing at least 80% of its net assets in the index constituents, which are weighted by free-float market capitalization and rebalanced quarterly. Top holdings include Broadcom Inc., Eli Lilly & Co., JPMorgan Chase & Co., Berkshire Hathaway Inc., Visa Inc., Exxon Mobil Corp., Johnson & Johnson, Netflix Inc., Mastercard Inc., and Walmart Inc. Launched on October 21, 2024, and domiciled in the United States, XMAG is issued by Defiance ETFs, a provider of innovative thematic exchange-traded funds headquartered in Miami, Florida. The fund targets investors seeking broad U.S. large-cap market representation with reduced concentration risk and volatility from the Magnificent 7, operating across diversified sectors including financials, healthcare, energy, consumer staples, and communication services. It lists on the Nasdaq Stock Market under the ticker XMAG, with an expense ratio of 0.35% and assets under management of approximately $50.8 million as of recent data. In March 2025, Defiance ETFs highlighted XMAG's outperformance relative to the S&P 500 amid a downturn in the Magnificent 7 stocks, positioning the fund as a diversification alternative that delivered stronger returns and stability in a concentrated market environment. The ETF continues to gain attention for its role in mitigating overreliance on mega-cap technology amid shifting market dynamics, with ongoing media coverage emphasizing its strategic value for large-cap exposure. No recent acquisitions, partnerships, funding rounds, or additional product launches specific to XMAG have been reported within the last year.