The folks at a Gotham area fund firm are introducing a new take on leveraged and inverse ETFs, launching eight new ETFs and planning at least 39 more.

Gregory David "Greg" Bassuk AXS Investments LLC, Tradr ETFs Chairman, CEO

This morning, Matt Markiewicz, head of product and capital markets at AXS' Tradr ETFs [profile], unveiled the debut of the Port Chester, New York-based firm's first ever Calendar Reset Leveraged ETFs. While other inverse and leveraged ETFs reset their tracking daily, ETFs in this new Tradr series will reset their tracking weekly, monthly, or quarterly.

AXS Investments LLC will serve as investment advisor to all of the new and planned Calendar Reset Leveraged ETFs, and they will all use the same PM team: Parker Binion, chief of compliance and head of investments at AXS; Donal Bishnoi, portfolio manager; and Travis Trampe, managing director of portfolio management.

All eight of the new leveraged ETFs, plus the 25 planned ones, will have the same expense ratio of 130 basis points (which bakes in a 68bps fee waiver). Meanwhile, the 14 planned short ETFs will have an expense ratio of 150bps (baking in a 48bps fee waiver). (Those fee waivers are promised through August 31, 2025.)

The planned and launching ETFs are each focused on different popular index funds or stocks, including: the SPD S&P 500 ETF Trust (SPY), the Invesco QQQ Trust (QQQ), the iShares Semiconductor ETF (SOXX), Nvidia (NVDA), Tesla (TSLA), the iShares Russell 2000 ETF (IWM), the iShares 20+ Year Treasury Bond ETF (TLT), the iShares China Large-Cap ETF (FXI), the Technology Select Sector SPDR Fund (XLK), the Financial Select Sector SPDR FUnd (XLF), and the SPDR S&P Biotech ETF (XBI).

AXS' initial eight Tradr Calendar Reset Leveraged ETFs include:

the Tradr 2X Long SPY Weekly ETF (SPYB);

the Tradr 2X Long SPY Monthly ETF (SPYM);

the Tradr 2X Long Triple Q Weekly ETF (QQQW);

the Tradr 2X Long Triple Q Monthly ETF (MQQQ);

the Tradr 2X Long SOXX Weekly ETF (SOXW);

the Tradr 2X Long SOXX Monthly ETF (SOXM);

the Tradr 1.75X Long NVDAWeekly ETF (NVDW);

and

the Tradr 1.5X Long TSLA Weekly ETF (TSLW).

The new funds' inception date is today, and they've been seeded with $1 million each.

The 39 other ETFs in the series that the AXS folks have already filed for include:

the Tradr 2X Long SPY Quarterly ETF (SPYQ);

the Tradr 2X Short SPY Weekly ETF (WSPY);

the Tradr 2X Short SPY Monthly ETF (MSPY);

the Tradr 1.75X Short Spy Quarterly ETF (QSPY);

the Tradr 2X Long Triple Q Wuarterly ETF (QQQP);

the Tradr 2X Short Triple Q Weekly ETF (WQQQ);

the Tradr 2X Short Triple Q Monthly ETF (DQQQ);

the Tradr 1.75X Short Triple Q Quarterly ETF (SQQ);

the Tradr 2X Long IWM Weekly ETF (IWMD);

the Tradr 2X Long IWM Monthly ETF (IWMM);

the Tradr 2X Long IWM Quarterly ETF (IWMQ);

the Tradr 2X Long TLT Weekly ETF (TLTA);

the Tradr 2X Long TLT Monthly ETF (TLTM);

the Tradr 1.75X Long TLT Quarterly ETF (TLTQ);

the Tradr 2X Short TLT Monthly ETF (MTLT);

the Tradr 1.75X Long NVDA Monthly ETF (NVDM);

the Tradr 1.5X Long NVDA Quarterly ETF (NVDT);

the Tradr 1.75X Short NVDA Weekly ETF (WNVD);

the Tradr 1.5X Short NVDA Monthly ETF (MNVD);

the Tradr 1.5X Long TSLA Monthly ETF (TSLM);

the Tradr 1.5X Long TSLA Quarterly ETF (QTSL);

the Tradr 1.5X Short TSLA Weekly ETF (WTSL);

the Tradr 1.5X Short TSLA Monthly ETF (TSLF);

the Tradr 2X Long SOXX Quarterly ETF (SEMQ);

the Tradr 2X Short SOXX Weekly ETF (WSOX);

the Tradr 2X Short SOXX Monthly ETF (BSOX);

the Tradr 2X Short SOXX Quarterly ETF (QSOX);

the Tradr 1.75X Long FXI Weekly ETF (FXIW);

the Tradr 1.75X Long FXI Monthly ETF (FXIM);

the Tradr 1.75X Long FXI Quarterly ETF (FXIQ);

the Tradr 2X Long XLK Weekly ETF (XLKW);

the Tradr 2X Long XLK Monthly ETF (XLKM);

the Tradr 2X Long XLK Quarterly ETF (XLKQ);

the Tradr 2X Long XLF Weekly ETF (XLFW);

the Tradr 2X Long XLF Monthly ETF (XLFM);

the Tradr 2X Long XLF Quarterly ETF (XLFQ);

the Tradr 2X Long XBI Weekly ETF (XBIW);

the Tradr 2X Long XBI Monthly ETF (XBIM); and

the Tradr 1.75X Long XBI Quarterly ETF (XBIQ).

"Since the first leveraged ETFs launched in 2006, all 200+ of them have essentially been constructed the same way, until now," Greg Bassuk, CEO of AXS and Tradr ETFs, tells MFWire via email. "What we've built is a game-changer for not only traders who are currently using daily leveaged ETFs, but also for longer-term investors who have shunned them due to the volatility drag introduced by holding these products for days, weeks, or even months at a time. Our new, first-of-their-kind Tradr ETFs solve that problem for investors."

Markiewicz notes that the leverage ETF space has grown to more than $100 billion since its beginnings 18 years ago.

"The current leveraged product landscape is not very user friendly or appropriate for medium-term investors or financial intermediariessuch as fee-based advisors," Markiewicz states. "Our non-daily ETFs represent a long overdue tool to address the shortcomings of daily performance resets, especially for any fiduciary who needs to be concerned about suitability when selecting products for their clients."

The new and planned Calendar Reset Leveraged ETFs' are all designed to be series of Investment Managers Series Trust II. Their other service providers include: SS&C's Alps Distributors, Inc. as distributor; Brown Brothers Harriman & Co. as custodian, fund accounting agent, and transfer agent; Morgan, Lewis & Bockius LLP as counsel; Mutual Fund Administration, LLC (MFAC) as co-administrator; Tait, Weller & Baker LLP as independent accounting firm; and UMB Fund Services, Inc. (UMBFS) as co-administrator. 

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