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Empower Your Trading

Express Your Positive View on a Bellwether ETF

Attempts to achieve double (2x) the return of the ARK Innovation ETF (NYSE Arca: ARKK) for a single day, not for any other period.

Designed for Innovation Bulls

Leveraged exposure to the daily performance of a portfolio of transformational technologies that are changing how the world works.

Fund Details
ExchangeNASDAQ
TickerTARK
CUSIP46144X487
Inception Date05/02/2022
Distribution FrequencyAnnual
Management Fee0.95%
Gross Expense Ratio1.35%
Net Expense Ratio*1.15%
* The Fund’s advisor has entered into a fee waiver agreement with the Fund under which it has agreed to waive or reduce its fees by 0.20% of the average daily net assets of the Fund through July 31, 2024, and may be terminated by the Board of Trustees at any time. The Advisor cannot recoup from the Fund any amounts paid by the Advisor under the fee waiver agreement. 

Bullish on Disruptive Innovation?

This ETF may be for you. TARK, which provides leveraged exposure to some of today’s leading growth themes, won honors for “Best ETF Launch” at the 2023 Benzinga Global Fintech Awards.

Double Your Exposure

TARK employs swaps to capitalize on a 2X leveraged position on the daily performance of the ARKK ETF for significant potential short-term returns.

Access Disruptive Innovation

TARK provides exposure to a concentrated portfolio of companies on the leading edge of AI, the genomic revolution, energy transformation, blockchain and next-generation Internet.

Trading Flexibility

TARK investors may seek to capitalize on potential upward movements in growth stocks or on favorable valuations after a market downturn.

Not for Everyone

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 or intraday trading for investors seeking daily leveraged investment results…

 

The Funds seek daily leveraged investment results and are intended to be used as short-term trading vehicles. The Funds pursue daily 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.

The Fund is not suitable for all investors and should be used only by knowledgeable investors, such as traders and active investors employing dynamic strategies, who intend to use them for short-term or intraday trading to seek daily leveraged investment results seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage and are willing to monitor their portfolios frequently. The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. For periods longer than a single day, the Fund will lose money if the ARK Innovation ETF’s performance is flat, and it is possible that the Fund will lose money even if the ARK Innovation ETF’s performance increases over a period longer than a single day. An investor could lose the full principal value of his/her investment within a single day if the ARK Innovation ETF loses more than 50% in one day. The Fund is not a complete investment program.

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.

Recent Performance for SARK & TARK

5-Day Cumulative Return

Source: UMB Financial Corporation. Represents the cumulative return based on closing NAVs for the last five trading days excluding weekends and market holidays. The performance quoted represents past performance and does not guarantee future results. For standardized performance, see SARK Performance or TARK Performance. The performance quoted represents past performance and does not guarantee future results. Performance for periods greater than 1 year is annualized. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. SARK has a 0.75% management fee and a gross/net expense ratio of 1.06%/0.75%. The 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 will not exceed 0.75%, effective for a two-year period following the date of the Reorganization on August 8, 2022. TARK has a 0.95% management fee and a gross/net expense ratio of 1.35%/1.15%. The 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 will not exceed 1.15%, effective until July 31, 2024.

Fund News

11/27/2023

AXS 2X Innovation ETF* (TARK) Wins 2023 Best ETF Launch Award

5/11/2023

AXS 2X Innovation ETF* (TARK) Celebrates 1-Year Anniversary as Industry’s First 2X Innovation ETF

5/2/2022

AXS Investments Broadens ETF Lineup with Launch of AXS 2X Innovation ETF* (TARK) and AXS Short China Internet ETF (SWEB)
* As of May 15, 2024, the AXS 2X Innovation ETF was renamed the Tradr 2X Long Innovation ETF. 

Fund Literature

Fact Sheet
Prospectus
Summary Prospectus
Annual Report
Semi-Annual Report
SAI
Schedule of Investments 12/31/2022
Schedule of Investments 6/30/2023
Distributions

Frequently Asked Questions

Why did AXS launch TARK?
TARK is designed for high conviction investors who are looking for short-term long exposure to a basket of transformational growth companies.
Who might want to invest in TARK?
TARK should only be used by knowledgeable traders and active investors who understand the risks of leveraged ETFs for short-term or intraday trading.
Who should not invest in TARK?
The fund is not suitable for investors who don’t actively monitor or manage their portfolios.
How does TARK work?
TARK uses swaps and derivatives to seek 2x the daily performance of the ARKK ETF. TARK is rebalanced daily to maintain leverage and to pursue its daily performance target. There can be no assurance that TARK will achieve its objectives.
What does TARK cost?
TARK has a management fee of 0.95%, a net expense ratio of 1.15%, and a gross expense ratio of 1.35%.
How can I buy or sell TARK?
Check with your financial advisor or online broker to see if TARK is available on their platform. If it isn’t, please contact us. We work with brokerage platforms to help onboard our ETFs.
What type of order should I use when trading TARK?
While a limit order is the most conservative route, it may take longer for your order to get executed. If you have specific questions about a larger order size, please call your financial advisor or feel free to contact us.
Can I trade options on TARK?
Yes. TARK options began trading on May 25, 2022.
Important Risk Information
The Tradr 2X Long Innovation ETF, Investment Managers Series Trust II, and AXS Investments LLC are not affiliated with the ARK ETF Trust, the ARK Innovation ETF, or ARK Investment Management LLC.
 
Compounding risk: The Fund has a single day investment objective, and performance for any other period is the result of its return for each day compounded over the period. Performance for periods longer than a single day will very likely differ in amount, and possibly even direction, from 200% of the daily return of the ARK Innovation ETF for the same period, before accounting for fees and expenses. Compounding affects all investments but has a more significant impact on a leveraged fund. This effect becomes more pronounced as the ARK Innovation ETF volatility and holding periods increase.
 
Leverage risk: Leveraged ETFs pursue daily leveraged investment objectives, which means they are riskier than alternatives that do not use leverage. They seek daily goals and should not be expected to track the underlying index over periods longer than one day.
 
Swap agreement 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.
 
Equity securities risk: The value of the equity securities the Fund holds may fall due to general market and economic conditions.
The Shares will change in value, and you could lose money by investing in the Fund. The Fund may not achieve its investment objective.
 
ETF shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. There can be no guarantee that an active trading market for ETF shares will develop or be maintained, or that their listing will continue or remain unchanged. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions and frequent trading may incur brokerage costs that detract significantly from investment returns.
 
There are risks involved with investing including the possible loss of principal. Diversification does not guarantee investment returns or eliminate the risk of loss. Past performance does not guarantee future results.
 
Investors should carefully consider the investment objectives, risks, charges and expenses of the fund before investing. To obtain a prospectus containing this and other important information, please click here to view or download a prospectus online. Read the fund’s prospectus carefully before you invest.
 
Distributed by ALPS Distributors, Inc, which is not affiliated with AXS Investments or its Tradr ETFs.
 
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