Cordon · Stock basket · Espalier Cordon MAG7

cMAG7

One token, seven top US stocks. Equal weight, rebalanced on schedule.

$0.00NAV per share · as of Oct 11, 11:53 AM ETRegular session · until Mon 4:00 PM ET

Session times are approximate and do not yet reflect exchange holidays.

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NAV

TVL$0.00

90 days. NAV is the total value of the basket divided by shares outstanding.

Target weights. The basket is pruned on schedule to stay close to them, so live weights drift between prunings.

Rebalancing back to target weights, with every trade checked against the oracle price.

The first one will show up here.

Hard limits written into the contract. An admin role sets the actual fees, and they can never go above these.

Management fee ceiling

2.00% /yr

Mint fee ceiling

1.00%

Redeem fee ceiling

1.00%

Shares outstanding

Risks.

A Cordon keeps the ups and downs of its basket.
Its Stock Tokens are tokenised debt securities: economic exposure to a stock, not legal rights to the shares.
Token prices can sit above the raw share price because dividends are reinvested.
Not offered to US persons. Other regions are restricted. See where Annona is restricted.