Share-split context: A reverse split was recorded on Jun 3, 2025 with coefficient 0.2. A reverse split combines multiple old shares into fewer new shares and mechanically raises the quoted price per share. That mechanical increase does not restore lost investment value. The returns in this report are already split-adjusted, while reverse-split history remains a separate structural warning.

What this ETF is trying to do

The TRADR 2X LONG INNOVATION 100 MONTHLY ETF (ticker: MQQQ) is a leveraged ETF. This means it is designed to aim for higher movements than the index it follows. It trades on the NASDAQ exchange.

What the numbers show

As of October 7, 2026, the current price of one share is $252.65.

The fund has shown significant growth recently. The year-to-date (YTD) price return is approximately 39.23%. The YTD total return is also approximately 39.23%.

When looking at the past year, the one-year price return was approximately 38.81%. This number only measures how much the share price changed. However, the one-year total return was higher, at approximately 41.53%. Total return is a different measurement because it includes the value of distributions.

It is important to note that this ETF has a history of "reverse splits." On June 3, 2025, a reverse split occurred. In a reverse split, multiple old shares are combined into fewer new shares. This causes the price per share to rise mechanically. This mechanical increase does not mean that lost investment value was restored. Because of this history, we use split-adjusted returns to look at performance rather than estimated prices from a year ago.

Income and distribution explanation

This ETF provides some cash through distributions. The trailing distributions are approximately $3.66. The distribution yield is approximately 1.45%. This yield describes the cash paid out compared to the ETF's price.

The distributions for this fund are described as "irregular" or "less frequent." It is important to remember that a high distribution yield is not the same thing as total return.

NAV erosion explanation

NAV erosion refers to a decline in the actual value of the assets held inside the ETF. For MQQQ, the erosion-risk score is 100, and the label says "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag.

Pros

• The fund has shown strong positive price returns and total returns over the last year.

• The current erosion-risk measurements are reported as "good" with no price erosion detected.

Cons

• This is a leveraged ETF, which typically involves higher movement and risk.

• Distributions are not paid out on a regular schedule.

• The fund has a history of reverse splits.

Beginner takeaway

MQQQ is a leveraged ETF that has seen high price and total returns recently. While it provides some cash through distributions, those payments are irregular. Investors should be aware that the fund uses leverage and has had share adjustments like reverse splits in its past.