USAX – Tradr 2X Long USAR Daily ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks daily investment results, before fees and expenses, that correspond to two times (200%) the daily performance of the common shares of USA Rare Earth, Inc. Under normal market circumstances, the fund will maintain at least 80% exposure to financial instruments that provide two times leveraged exposure to the daily performance of USAR. This may include USAR stock in addition to financial instruments. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
USAX	Tradr 2X Long USAR Daily ETF	ETF	Open	—	—	Jan 12, 2026	$6.41M	1.490%	—	—	—

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