MutualFundWire.com: Q-ing Up 4, a Boutique Extends Its New Leveraged ETF Approach

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Thursday, October 3, 2024

Q-ing Up 4, a Boutique Extends Its New Leveraged ETF Approach

With four more launches (two equity funds and two fixed income funds), the folks at a fund firm near New York City are extending their new approach to leveraged ETFs.

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

On Tuesday (October 1), Matt Markiewicz, head of product and capital markets at AXS' Tradr ETFs [profile], unveiled the launch of the Tradr 2X Log SPY Quarterly ETF (SPYQ), the Tradr 2X Long TLT Monthly ETF (TLTM), the Tradr 1.75X Long TLT Quarterly ETF (TLTQ), and the Tradr 2X Long Triple Q Quarterly ETF (QQQP). The inception date of all four funds was Monday (September 30), and they are all part of Tradr's new Calendar Reset Leveraged ETFs suite. As previously reported, the AXS team still has dozens more ETFs planned for the new suite.

QQQP, TLTQ, and SPYQ are Tradr's 1st leveraged ETFs to reset performance each quarter (as opposed to daily, as with most leveraged and inverse funds, or weekly or monthly, like in the rest of the Calendar Reset Leveraged ETFs suite), and the Tradr team lays claim to these being the industry's first ever quarterly reset leveraged ETFs. The Tradr team also notes that they now offer quarterly, monthly, and weekly reset options for their SPY-focused and QQQ-focused funds.

As expected, QQQP, SPYQ, TLTM, and TLTQ each come with an expense ratio of 130 basis points (which bakes in a 68bps fee waiver), lining up with the other long funds in the Calendar Reset Leveraged ETFs suite. TLTQ now has $2.941 million in AUM, TLTM has $2.933 million, SPYQ has $2.446 million, and QQQP has $2.432 million.

"We expect these first-to-market quarterly reset ETFs to appeal to longer-term investors who are particularly cognizant of the beta drift and volatility decay that plague daily reset products when held for more than a day," Markiewiecz states, adding that Tradr "continues to revolutionize th ETF industry" while "bringing significantly compelling solutions to the broader leveraged trading space as a whole."

Port Chester, New York-based AXS Investments LLC serves as investment advisor to QQQP, SPYQ, TLTM, and TLTQ, as with the other Calendar Reset Leveraged ETFs. The four new ETFs also use the suite's 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.

Like the otherCalendar Reset Leveraged ETFs, TLTQ, TLTM, SPYQ, and QQQP are all series of Investment Managers Series Trust II. The new funds also use the suite's other service providers, including: 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.

Printed from: MFWire.com/story.asp?s=67991

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