Tradr SOXX ETFs
Get 200% exposure to the ETF tracking a widely followed semiconductor index.
Tradr 2X Long SOXX Weekly ETF (SOXW)
SOXW seeks calendar week investment results, before fees and expenses, that correspond to two times (200%) the calendar week performance of the iShares® Semiconductor ETF (SOXX). The Fund does not seek to achieve its stated investment objective for a period of time different than a full calendar week.
The iShares® Semiconductor ETF is an index-based exchange traded fund that seeks to track investment results, before fees and expenses, of an index designed to measure the performance of the equity securities of the 30 largest U.S.-listed companies that are classified within the semiconductors industry as determined by the index provider. Companies classified by the index provider as within the semiconductors industry include companies that either manufacture materials that have electrical conductivity (semiconductors) to be used in electronic applications or utilize LED and OLED technology. The semiconductors industry also includes companies that provide services or equipment associated with semiconductors such as packaging and testing.
* The Fund’s investment advisor has contractually agreed to waive its fees and/or pay for operating expenses of the Fund to ensure that total annual fund operating expenses (exclusive of any (i) leverage interest, (ii) brokerage fees and commission, (iii) acquired fund fees and expenses, (iv) fees and expenses associated with derivative instruments (including for example options and swap fees and expenses), (v) interest and dividend expense on short sales, (vi) taxes, (vii) expenses incurred in connection with any merger or reorganization or (viii) extraordinary expenses such as litigation expenses) will not exceed 1.30%. This agreement is effective until July 31, 2025, and it may be terminated before that date only by IMST II’s Board of Trustees
^“Other expenses” are estimated for the current fiscal year.
Not for Everyone
Tradr ETFs are for sophisticated investors and professional traders with high conviction views and are very different from most other exchange-traded funds. Know the risks before you invest. The significant risks of leveraged and/or inverse ETFs include the risks of leverage, derivatives, and/or other complex investment strategies that they employ. These investments are designed for short-term trading for investors seeking daily, weekly or monthly leveraged investment results…
Investors in the fund should: (a) understand the risks associated with the use of leverage; (b) understand the consequences of seeking daily, calendar week, calendar month and calendar quarter inverse and leveraged investment results; (c) for short ETFs, understand the risk of shorting; (d) intend to actively monitor and manage their investment. Fund performance will likely be significantly different than the benchmark over periods longer than the specified reset period and the performance may trend in the opposite direction than its benchmark over periods other than that period.
The Funds seek leveraged investment results over a specific period and are intended to be used as short-term trading vehicles. The Funds pursue leveraged investment objectives, which means they are riskier than alternatives that do not use leverage because the Funds magnify the performance of their underlying security. The volatility of the underlying security may affect a Fund’s return as much as, or more than, the return of the underlying security.
ETFs involve risk including possible loss of principal. There is no assurance that the Fund will achieve its investment objective. Principal risks and other important risks may be found in the prospectus.
Fund Literature
How to Invest
You may invest in Tradr ETFs through your brokerage account. For your convenience, you can link to major online brokers below.
Important Risk Information
There is no guarantee that this, or any investment strategy will succeed. The Funds pose risks that are unique and complex. The Fund is riskier than alternatives that do not use leverage and the volatility of the underlying security may affect the Fund's return as much as, or more than, the return of the underlying security.
Compounding Risk: The Fund has a calendar week investment objective, and performance for any other period is the result of its return for each week compounded over the period. Performance for periods longer than a full calendar week will very likely differ in amount, and possibly even direction, from 200% of the daily return of the iShares® Semiconductor ETF for the same period, before accounting for fees and expenses. Compounding affects all investments but has a more significant impact on leveraged funds that rebalance weekly. This effect becomes more pronounced as the volatility of iShares® Semiconductor ETF and holding periods increase.
Leverage Risk: Leverage increases the risk of a total loss of an investor’s investment, may increase the volatility of the Fund, and may magnify any differences between the performance of the Fund and the iShares® Semiconductor ETF , the underlying security. Because the Fund includes a multiplier of two times (200%) the underlying security, a full calendar week movement in the underlying security approaching 50% at any point in the week could result in the total loss of an investor’s investment if that movement is contrary to the investment objective of the Fund, even if the iShares® Semiconductor ETF subsequently moves in an opposite direction, eliminating all or a portion of the earlier movement. This would be the case with any such full calendar week movements in the underlying security, even if it maintains a level greater than zero at all times.
Swap Risk: The Fund’s use of derivatives may be considered aggressive and may expose the Fund to greater risks and larger losses or smaller gains than investing directly in the reference asset(s) underlying those derivatives. The use of swap agreements are subject to additional risks such as the lack of regulation, counterparty risk and liquidity risk, and could expose investors to significant losses.
Intra-Calendar Period Investment Risk: The Fund seeks calendar week leveraged investment results. The exact exposure of an investment in the Fund intra-week will depend upon the movement of the iShares® Semiconductor ETF (the underlying security) from the end of the prior calendar week until the time of investment by the investor. If the underlying security gains value, the Fund’s net assets will rise by the same amount as the Fund’s exposure. Conversely, if it loses value, the Fund’s net assets will decline by the same amount as the Fund’s exposure. Thus, an investor who purchases shares on a day other than the last business day of the calendar period will likely obtain more, or less, than 200% leveraged investment exposure to the underlying security, depending upon its movement from the end of the prior calendar period until the time of investment by the investor. If there is a significant intra-calendar period market event and/or the securities of the underlying security experience a significant decrease in value, the Fund may not meet its investment objective or be able to rebalance its portfolio appropriately.
Correlation Risk: A number of factors may affect the Fund’s ability to achieve a high degree of correlation with the iShares® Semiconductor ETF, which may prevent the Fund from achieving its investment objective, and the percentage change of the Fund’s net asset value each calendar week may differ from 200% of the percentage change of the underlying security during such calendar week.