IREZ – Tradr 2X Short Iren 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 the inverse (-200%) daily performance of the common shares of IREN Limited. Under normal market circumstances, the advisor will maintain at least 80% exposure to financial instruments that provide two times inverse leveraged exposure to the daily performance of IREN. investing directly in the common stock of IREN. 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
IREZ	Tradr 2X Short Iren Daily ETF	ETF	Open	—	—	Jan 21, 2026	$7.05M	1.490%	—	—	—

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