Investment Managers Series Trust II Tradr 2X Long Innovation 100 Quarterly ETF (QQQP US)
QQQP US$219.72
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Performance
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Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 219.72
- Change
- ▲ 0.72 (0.33)
- Bid / Ask
- 197.64 - 243.99
- Volume
- 100
- Turnover
- 21,972
- Open
- 219.72
- Day Range
- 219.72 - 219.72
- VWAP
- 219.72
- Prev Close
- 219.00
- Last Trade
- 28/10 12:54pm
Fund profile
Displays who issues the fund, how it is structured and invests, its Morningstar category and benchmark, size, headline costs and dates, sourced from Morningstar. Fund size counts every class of the fund; ETF net assets is this listing alone.
Fund size
$12.1M
OCT 2026
Distributions
Annually
Since inception
2.1 yrs
SEP 2024
- Legal name
- Tradr 2X Long Innovation 100 Quarterly ETF
- Issuer
- AXS
- Type
- Exchange-Traded Fund
- Structure
- Open Ended Investment Company
- Management style
- Actively managed
- Morningstar category
- Trading--Leveraged Equity
- Category index
- S&P 500 (TR) (1970)
- Benchmark
- S&P 500 (TR) (1970)
- ETF net assets
- $12.1M
- Units on issue
- 57,994
- Management fee
- 0.95% p.a.
- Domicile
- United States
- Base currency
- USD
- Inception
- 30 SEP 2024
- Listed
- 1 OCT 2024
- Index provider
- Standard and Poors
Objective and strategy
The investment seeks calendar quarter investment results, before fees and expenses, that correspond to two times (200%) the calendar quarter performance of the Invesco QQQ TrustSM. Under normal market circumstances, the fund will maintain at least 80% exposure to financial instruments that provide two times leveraged exposure to the calendar quarter performance of the Invesco QQQ TrustSM. The manager will enter into one or more swaps with major global financial institutions whereby the fund and the global financial institution will agree to exchange the return earned or realized on the Invesco QQQ TrustSM. The fund is non-diversified.
Asset allocation
Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.
US equity 205.05%Non-US equity -118.10%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 86.95 | 210.88 | 123.93 |
| Bond | 0.00 | 0.00 | 0.00 |
| Cash | 13.05 | 13.05 | 0.00 |
| Other | 0.00 | 0.00 | 0.00 |
Country exposure
Displays the twelve countries the fund holds most of, sourced from Morningstar.
- United States
- 97.23%
- Canada
- 1.10%
- Netherlands
- 0.81%
- Brazil
- 0.41%
- China
- 0.23%
- United Kingdom
- 0.22%
Style box
Displays where the fund's shareholdings sit on Morningstar's style box: size (large, mid, small) down and investment style (value, blend, growth) across, sourced from Morningstar.
LargeMidSmallValueBlendGrowth
- Style
- Large Growth
Size score
298
Small
Mid
Large
Value-growth score
219
Value
Blend
Growth
Economic moat
Wide 67%Narrow 24%None 9%
Portfolio statistics · 22 OCT 2026
Displays the valuation, yield, size, concentration and quality of the fund's shareholdings taken together (trailing twelve months), sourced from Morningstar.
- Assets in top 10
- 87.04%
Top holdings · top 10 = 100.00% of assets
Displays the fund's ten largest holdings and their weight in the portfolio, sourced from Morningstar.
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| Cfd Invesco Qqq Trust Series 1 | 60.51 | OCT 2024 | 8.1M | — | 10,979 | — | — | |
| Cfd Invesco Qqq Trust Series 1 | 59.94 | OCT 2024 | 8.0M | — | 10,875 | — | — | |
| Invesco QQQ Trust QQQ | 55.11 | — | 7.4M | USD | 9,999 | — | United States | |
| Cfd Invesco Qqq Trust Series 1 | -50.30 | — | -6.7M | — | 6.7M | — | — | |
| Cfd Invesco Qqq Trust Series 1 | -39.39 | — | -5.3M | — | 5.3M | — | — | |
| Cfd Invesco Qqq Trust Series 1 | 26.83 | OCT 2024 | 3.6M | — | 4,868 | — | — | |
| Cfd Invesco Qqq Trust Series 1 | -24.05 | — | -3.2M | — | 3.2M | — | — | |
| Us Dollars | 11.35 | — | 1.5M | — | 1.5M | — | — |
Trailing returns · 30 SEP 2026
Displays total returns after fees at net asset value, the return at the ASX market price, the return before fees, and where the fund ranks among funds in its Morningstar category, sourced from Morningstar.
Fund (NAV) Market price
1M
6.1
3M
-0.6
6M
52.7
YTD
32.2
1Y
36.2
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | 6.10 | 5.59 | 6.21 | — |
| 3 months | -0.62 | 1.78 | -0.31 | — |
| 6 months | 52.74 | 52.01 | 53.69 | — |
| Year to date | 32.18 | 31.69 | 33.41 | — |
| 1 year | 36.21 | 35.54 | 37.90 | — |
Returns to 30 SEP 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Calendar year returns
Displays the total return after fees and the capital (price) return for each calendar year, with the fund's rank in its Morningstar category, sourced from Morningstar.
Total Capital
2025
30.2
| Year | Total % | Capital % | Rank in category |
|---|---|---|---|
| 2025 | 30.25 | 30.25 | — |
Risk statistics · 30 SEP 2026
Displays how the fund has moved relative to its category index: alpha (return beyond the index), beta (sensitivity to it), R-squared (how much the index explains), volatility and risk-adjusted returns, sourced from Morningstar.
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Alpha | 0.88 | — | — | — |
| Beta | 2.95 | — | — | — |
| R-squared | 82.22 | — | — | — |
| Standard deviation | 42.92 | — | — | — |
| Sharpe ratio | 0.82 | — | — | — |
| Sortino ratio | 1.85 | — | — | — |
| Tracking error | 31.46 | — | — | — |
| Information ratio | 0.65 | — | — | — |
| Upside capture % | 265.95 | — | — | — |
| Downside capture % | 349.63 | — | — | — |
| Maximum drawdown % | -17.72 | — | — | — |
Measured against S&P 500 (TR) (1970) with USTREAS T-Bill Auction Ave 3 Mon as the risk-free rate, to 30 SEP 2026. Maximum drawdown is on gross returns at the latest quarter end.
Portfolio risk score
Displays Morningstar's Portfolio Risk Score for the fund's holdings, how closely the ETF tracks its index day to day, the estimated cost of holding it against the index, the cost of trading it at market size, and its best and worst quarters since inception, sourced from Morningstar.
Risk score
118.0
Cash 0
Global shares 100
Morningstar Portfolio Risk Score at 30 SEP 2026.
- Best quarter
- 36.46% · JUL 2025
- Worst quarter
- -19.22% · APR 2025
Fees and costs
Displays the fund's ongoing costs as a percentage of assets per year: the PDS management fees and costs, performance fee and transaction costs that make up the total cost ratio (the RG 97 forward estimate, and what was charged last financial year), and the buy / sell spread, sourced from Morningstar.
- Management fees and costs
- 0.95% p.a.
- PDS dated
- 31 JUL 2026
Sustainability rating · 31 AUG 2026
Displays the Morningstar Sustainability Rating (1 to 5 globes, more is better) and the portfolio ESG risk score behind it (lower is less risk), against the average of the fund's global category, sourced from Morningstar and Sustainalytics.
Above Average
ESG risk score
17.24
Negligible
Low
Medium
High
Severe
Category average 20.78
- Rank in category
- 29th percentile of 393 funds
- Environmental risk
- 4.98
- Social risk
- 7.79
- Governance risk
- 4.31
- Portfolio covered
- 99.4%
ESG risk of holdings
Displays the share of the covered portfolio held in companies with negligible, low, medium, high and severe ESG risk, sourced from Morningstar and Sustainalytics.
- Negligible
- 0.87%
- Low
- 79.19%
- Medium
- 18.02%
- High
- 0.54%
- Severe
- 1.38%
8.83% of assets are in companies with high or severe controversies.
Carbon · 31 AUG 2026
Displays the portfolio carbon risk score (lower is less exposure to the transition to a low-carbon economy), the share of the portfolio in companies with fossil fuel revenue, and whether the fund earns Morningstar's Low Carbon Designation, sourced from Morningstar and Sustainalytics.
Carbon risk score
3.59
Low
Medium
High
Severe
Category average 9.26
- Carbon risk
- Low Risk
- Fossil fuel involvement
- 2.11%
- Category average
- 9.42%
- Low Carbon Designation
- Yes
- Portfolio covered
- 98.0%
Fund managers
Displays the people Morningstar lists as managers of the fund, sourced from Morningstar.
- Travis E. Trampe
- Parker B. Binion
Tenure
Displays how long the managers have run the fund: the average and longest tenure, who has served longest, the latest appointment and how many other funds the team manages, sourced from Morningstar.
- Number of managers
- 2
- Average tenure
- 2.1 years
- Longest tenure
- 2.1 years
- Longest serving
- Travis E. Trampe, Parker B. Binion · since 30 SEP 2024
- Most recent appointment
- Travis E. Trampe, Parker B. Binion · since 30 SEP 2024
- Managed since
- 30 SEP 2024
- Other funds managed
- 179
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
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