XMAG was created on 2024-10-21 by Defiance. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 139.3m in AUM and 493 holdings. XMAG tracks an index that provides exposure to large-cap stocks in the US, excluding the seven largest technology stocks. The strategy aims to mitigate the overconcentration and volatility of a select few stocks. Portfolio holdings are market-cap weighted.