Investment Managers Series Trust Ii Tradr 2X Short Innovation Daily Etf (SARK US)
SARK US$24.48
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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)
- 24.48
- Change
- ▲ 0.16 (0.66)
- Bid / Ask
- 24.17 - 24.80
- Volume
- 8,372
- Turnover
- 153,469
- Open
- 24.58
- Day Range
- 24.24 - 24.58
- VWAP
- 24.45
- Prev Close
- 24.32
- Last Trade
- 29/10 3:47pm
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
$36.4M
OCT 2026
Distributions
Annually
Since inception
5.0 yrs
NOV 2021
- Legal name
- Tradr 1X Short Innovation Daily ETF
- Issuer
- AXS
- Type
- Exchange-Traded Fund
- Structure
- Open Ended Investment Company
- Management style
- Actively managed
- Morningstar category
- Trading--Inverse Equity
- Category index
- S&P 500 (TR) (1970)
- Benchmark
- S&P 500 (TR) (1970)
- ETF net assets
- $36.4M
- Units on issue
- 1.4M
- Management fee
- 0.75% p.a.
- Domicile
- United States
- Base currency
- USD
- Inception
- 5 NOV 2021
- Listed
- 9 NOV 2021
- Index provider
- Standard and Poors
Objective and strategy
The investment seeks to provide daily investment results, before fees and expenses, of the inverse (-100%) of the daily performance of the ARK Innovation ETF. The fund is an actively managed ETF that attempts to achieve the inverse (-100%) of the return of the ARK Innovation ETF for a single trading day (and not for any other period) by entering into one or more swaps on the ARK Innovation ETF. A “single trading day” is measured from the time the fund calculates its NAV to the time of the fund’s next NAV calculation. It is non-diversified.
Asset allocation
Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.
US equity 0.00%Non-US equity 3.62%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 3.62 | 92.17 | 88.55 |
| Bond | 0.00 | 0.00 | 0.00 |
| Cash | 96.38 | 96.38 | 0.00 |
| Other | 0.00 | 0.00 | 0.00 |
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
- 3.62%
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 Ark Innovation Etf | -79.77 | — | -29.5M | — | 331,108 | — | — | |
| Cfd Ark Innovation Etf | 74.48 | AUG 2022 | 27.5M | — | 27.5M | — | — | |
| Cfd Ark Innovation Etf | -8.23 | — | -3.0M | — | 34,141 | — | — | |
| Cfd Ark Innovation Etf | 7.70 | AUG 2022 | 2.8M | — | 2.8M | — | — | |
| Cfd Ark Innovation Etf | -3.94 | — | -1.5M | — | 16,365 | — | — | |
| Cfd Ark Innovation Etf | 3.77 | AUG 2022 | 1.4M | — | 1.4M | — | — | |
| Cfd Ark Innovation Etf | -1.20 | — | -444,698 | — | 4,991 | — | — | |
| Cfd Ark Innovation Etf | 1.15 | AUG 2022 | 427,080 | — | 427,080 | — | — | |
| Us Dollars | 106.05 | — | 39.2M | — | 39.2M | — | — |
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
-4.7
3M
-11.9
6M
-28.3
YTD
-21.4
1Y
-15.0
3Y
-35.3
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | -4.66 | -4.70 | -4.58 | — |
| 3 months | -11.95 | -11.93 | -11.73 | — |
| 6 months | -28.29 | -28.39 | -27.93 | — |
| Year to date | -21.45 | -21.55 | -20.87 | — |
| 1 year | -15.02 | -14.84 | -14.18 | — |
| 3 years p.a. | -35.31 | -35.34 | -34.70 | — |
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
2022
82.2
2023
-46.3
2024
-37.0
2025
-26.0
| Year | Total % | Capital % | Rank in category |
|---|---|---|---|
| 2025 | -25.98 | -28.01 | — |
| 2024 | -37.02 | -45.38 | — |
| 2023 | -46.26 | -52.24 | — |
| 2022 | 82.22 | 82.22 | — |
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 | 1.44 | 11.23 | — | — |
| Beta | -1.46 | -2.76 | — | — |
| R-squared | 40.14 | 52.91 | — | — |
| Standard deviation | 30.41 | 46.97 | — | — |
| Sharpe ratio | -0.51 | -0.76 | — | — |
| Sortino ratio | -0.64 | -0.90 | — | — |
| Tracking error | 40.08 | 56.63 | — | — |
| Information ratio | -0.77 | -1.03 | — | — |
| Upside capture % | -134.24 | -236.64 | — | — |
| Downside capture % | -200.05 | -371.25 | — | — |
| Maximum drawdown % | -22.60 | -72.35 | — | — |
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
188.8
Cash 0
Global shares 100
Morningstar Portfolio Risk Score at 30 SEP 2026.
- Market impact cost %
- 0.010
- Best quarter
- 52.25% · APR 2025
- Worst quarter
- -52.52% · JAN 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
- 0.75% p.a.
- PDS dated
- 31 JUL 2026
Distributions
Displays the most recent distribution paid per unit and its key dates, sourced from Morningstar.
- Latest distribution
- 0.8523
- Ex Date
- 23 DEC 2025
- Record Date
- 23 DEC 2025
- Pay Date
- 26 DEC 2025
- NAV at ex date
- 28.88
Distributions by year
Displays the total distributions paid per unit in each calendar year, sourced from Morningstar.
2024
0.9
2023
6.5
2022
9.8
| Year | Per unit ($) |
|---|---|
| 2024 | 0.8523 |
| 2023 | 6.5153 |
| 2022 | 9.7932 |
Distribution history
Displays the most recent distributions by ex date, sourced from Morningstar.
| Ex Date | Per unit ($) |
|---|---|
| 23 DEC 2025 | 0.8523 |
| 23 DEC 2024 | 6.5153 |
| 26 DEC 2023 | 9.7932 |
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.
- Category average
- 15.88%
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
- 4.0 years
- Longest tenure
- 4.2 years
- Longest serving
- Parker B. Binion · since 5 AUG 2022
- Most recent appointment
- Travis E. Trampe · since 30 NOV 2022
- Managed since
- 5 AUG 2022
- Other funds managed
- 179
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
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