ADOAX — AXS Dynamic Opportunity Fund, Class A
Data updated: 2026-08-21
ADOAX — AXS Dynamic Opportunity Fund, Class A. 2.13% expense ratio · 5.75% max sales load · since 2015. Holdings, fees, performance and SEC filings.
ADOAX Fund Overview
ADOAX — AXS Dynamic Opportunity Fund, Class A is a US mutual fund managed by Investment Managers Series Trust II, categorised as United States Large Cap Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Investment Managers Series Trust II
- Category: United States Large Cap Growth Equity
- Assets under management: $63.24M
- 1-year return: 20.2%
- Ticker: ADOAX
- SEC CIK: 0001587982
- SEC series ID: S000079775
- Share class ID: C000241128
ADOAX Investment Objective and Strategy
AXS Dynamic Opportunity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Investment Managers Series Trust II.
Investment objective
The investment objective of the AXS Dynamic Opportunity Fund (the Fund) is to seek long -term capital appreciation with a short -term focus on capital preservation.
Principal investment strategy
Under normal market conditions, the Fund seeks to achieve its investment objective by investing in domestic and foreign (including emerging markets) equity securities of any market capitalization. The Fund may also take long or short positions in index exchange traded funds (ETFs) to hedge the Funds equity portfolio. The Funds advisor, AXS Investments, LLC (the Advisor), selects equity securities for the Fund that are experiencing meaningful breakouts. A breakout is a significant movement that involves a combination of price and trading volume in a given security. The Advisor further screens these breakout candidates to ensure they meet certain fundamental and technical criteria as determined by the Advisor such as earnings per share growth, revenue growth, and upward revisions of estimates and profitability of the issuers of the securities.
The Advisor intends to sell a security when its price drops a certain percentage from its purchase price (stop -loss ), or if the price drops below a key technical level (such as the 50 -day moving price average for the security) in combination with a rise in trading volume. The Fund has no set holding period for any security and actively trades its portfolio investments, which may result in a high portfolio turnover rate. The Funds investment strategies for short positions can include: (1) selling short an ETF or other security that tracks a broad or narrow market index, in hopes of buying the security at a future date at a lower price; (2) selling short common stocks; (3) buying a put option on an ETF or other security that tracks a broad or narrow market index; (4) buying an ETF or other security that is designed to appreciate in value when the value of a broad or narrow market index declines; (5) selling a covered call option on a security that the Fund owns for the duration of the option period; and (6) holding a short position in an ETF or other security that tracks a broad or narrow market index and adding to the Funds long positions in particular stocks by a corresponding amount.
The use of short positions or hedges is designed to adjust the overall net exposure of the portfolio to limit the Funds downside exposure to declines in the overall market. A funds net exposure is the percentage of assets invested in long positions minus the percentage of assets invested in short positions (hedges). The net long exposure of the Fund can fluctuate anywhere between 0% long and 100% long. For example, if the Fund is 50% invested in long positions while simultaneously being 50% invested in hedges, the net long exposure would equal zero percent. The Advisor monitors numerous broad market indexes and several key moving averages and intends to close short positions as select market indexes rise above certain moving averages as identified by the Advisor.
ADOAX Holdings
Top 10 holdings of AXS Dynamic Opportunity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| AXS Adaptive Plus Fund | 18.46% |
| Advanced Micro Devices Inc | 7.18% |
| Vertiv Holdings Co | 6.62% |
| Lam Research Corp | 6.39% |
| NVIDIA Corp | 6.33% |
| Tesla Inc | 4.47% |
| Apple Inc | 3.74% |
| Palantir Technologies Inc | 3.59% |
| Broadcom Inc | 3.47% |
| TSMC | 3.25% |
ADOAX Portfolio Allocation
Asset-class allocation of AXS Dynamic Opportunity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 69.8% |
| Other | 28.2% |
| Cash & Equivalents | 1.1% |
ADOAX Performance
Total returns for ADOAX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 20.24% |
ADOAX Risk Information
Risk metrics for ADOAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.99%
ADOAX Costs and Fees
ADOAX costs about $213 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.13%
- Gross expense ratio: 2.13%
- Portfolio turnover: 26%
- Brokerage commissions: 31.95 bps of average net assets (SEC N-CEN)
ADOAX Cashflows
Over the 12 months to 2026-06, AXS Dynamic Opportunity Fund had net outflows of $387.15K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$372.73K |
| 2026-05 | −$54.11K |
| 2026-04 | −$218.12K |
| 2026-03 | −$663.57K |
| 2026-02 | −$51.75K |
| 2026-01 | −$578.07K |
ADOAX Debt Constituents
No individual debt constituents are reported in AXS Dynamic Opportunity Fund's latest SEC N-PORT filing.
ADOAX Prospectus and SEC Filings
Official AXS Dynamic Opportunity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus supplement (497) — filed 2026-02-04
- Prospectus supplement (497) — filed 2025-02-05
- Prospectus supplement (497) — filed 2024-02-05
- Portfolio holdings (N-PORT) — filed 2026-08-21
- Portfolio holdings (N-PORT) — filed 2026-05-26
- Portfolio holdings (N-PORT) — filed 2026-02-24
- Annual census (N-CEN) — filed 2024-12-12
- Annual census (N-CEN) — filed 2023-12-14
Related Funds
Other United States Large Cap Growth Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.