SMQ

Tradr 1X Short Innovation 100 Monthly ETFA seeks calendar month investment results, before fees and expenses, that correspond to the inverse (-100%) of the calendar month performance of the Invesco QQQ Trust. Under normal market circumstances, the fund will maintain at least 80% exposure to financial instruments that provide inverse exposure to the calendar month performance of the Invesco QQQ Trust. The fund is an actively-managed ETF that seeks to achieve on a calendar month basis, before fees and expenses, -100% performance of the Invesco QQQ Trust for a full calendar month, and not for any other period, by entering into one or more swaps on the Invesco QQQ Trust.