MIAMI, Jan. 08, 2026 (GLOBE NEWSWIRE) — Defiance ETFs today announced that the Defiance Large Cap Ex-Magnificent Seven ETF (XMAG) has surpassed $100 million in assets under management, marking a significant milestone since the fund’s launch in October 2024.
XMAG is designed to provide investors with exposure to the S&P 500 while excluding the “Magnificent Seven” technology companies: Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla. By tracking the BITA US 500 ex-Magnificent 7 Index, the fund delivers broad large-cap U.S. equity exposure while addressing growing concerns around concentration risk embedded in traditional market-capitalization-weighted benchmarks.
“Surpassing $100 million in AUM reflects strong investor demand for a core large-cap equity strategy that avoids overexposure to the Magnificent Seven,” said Sylvia Jablonski, CIO of Defiance ETFs. “XMAG provides a simple and effective alternative to traditional S&P 500 exposure by maintaining broad market participation without reliance on a small group of mega-cap stocks.”
As market indices have become increasingly dominated by a handful of companies, XMAG offers investors a core large-cap U.S. equity solution that preserves diversified market exposure while reducing dependence on over concentrated mega-cap names.
Media Contact
Sylvia Jablonski
[email protected]
833.333.9383
Important Disclosures
Defiance ETFs LLC is the ETF sponsor. The Fund’s investment adviser is Tidal Investments, LLC (“Tidal” or the “Adviser”).
The Fund’s investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus and summary prospectus contain this and other important information about the investment company. Please read the prospectus and / or summary prospectus carefully before investing. Hard copies can be requested by calling 833.333.9383.
Investing involves risk. Principal loss is possible. As an ETF, the funds may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. A portfolio concentrated in a single industry or country, may be subject to a higher degree of risk.
Tracking Error Risk. As with all index funds, the performance of the Fund and the Index may differ from each other for a variety of reasons.
Large-Capitalization Investing. The securities of large-capitalization companies may be relatively mature compared to smaller companies and therefore subject to slower growth during times of economic expansion. Large-capitalization companies may also be unable to respond quickly to new competitive challenges, such as changes in technology and consumer tastes.
Market Events Risk. The Fund’s investments are subject to changes in general economic conditions, general market fluctuations and the risks inherent in investment in securities and other financial instruments. Investment markets can be volatile and prices of investments can change substantially due to various factors.
Passive Investment Risk. The Fund is not actively managed and does not attempt to outperform the Index or take defensive positions in declining markets. As a result, the Fund’s performance may be adversely affected by a general decline in the market segments relating to the Index.
New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.
Diversification does not ensure a profit nor protect against loss in a declining market.
Brokerage Commissions may be charged on trades.
The Fund holds 0% in Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla.
Distributed by Foreside Fund Services, LLC
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1578c4c6-57a2-4dc4-b82f-5a180fbc8052