AXSKX — AXS Sustainable Income Fund
Data updated: 2024-05-22
AXSKX — AXS Sustainable Income Fund. Alternative · $4.71M AUM · 0.99% expense ratio · 3.9% 1-yr return. Holdings, fees, performance and SEC filings.
AXSKX Fund Overview
AXSKX — AXS Sustainable Income Fund is a US mutual fund managed by Investment Managers Series Trust II, categorised as Alternative. 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: Alternative
- Assets under management: $4.71M
- 1-year return: 3.9%
- Ticker: AXSKX
- SEC CIK: 0001587982
- SEC series ID: S000069700
- Share class ID: C000222283
AXSKX Investment Objective and Strategy
AXS Sustainable Income 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 Sustainable Income Fund (the Fund) is to seek to generate current income.
Principal investment strategy
In seeking to achieve its investment objective, the Fund primarily invests in a portfolio of U.S. dollar -denominated corporate debt securities issued by Next Economy companies (described below). The Fund intends to invest in notes, bonds, debentures and commercial paper, which are the most common types of corporate debt securities. The Fund may invest in U.S. dollar- denominated securities of issuers domiciled outside of the United States. AXS Investments LLC, the Funds investment advisor, has engaged Green Alpha Advisors, LLC (Green Alpha) and Uniplan Investment Counsel, Inc. (Uniplan) as sub -advisors to the Fund (each a Sub -Advisor and collectively, the Sub -Advisors ). Green Alpha is responsible for identifying a universe of Next Economy companies and Uniplan is responsible for selecting the Funds portfolio investments from the Next Economy companies identified by Green Alpha, determining which portfolio investments will be sold by the Fund, and executing transactions for the Funds portfolio.
Next Economy companies are publicly traded companies that, in Green Alphas view, are creating or enabling solutions to major sustainability systemic risks including, but not limited to climate change, resource degradation and scarcity, widening inequality and resulting erosion of social cohesion, and costs associated with human disease. Green Alpha believes that the global economy has and will continue to evolve by factoring in these systemic risks, and that creative solutions to these systemic risks are becoming the major drivers of economic growth and generate investment returns. Green Alpha creates and maintains a list of Next Economy companies from multiple industries and economic sectors derived from a proprietary set of qualitative and quantitative criteria. Green Alphas qualitative analysis includes a review of the following information with respect to a company: (i) its business plan, activities and operating policies, (ii) strength of its management team, (iii) its corporate governance practices, (iv) its brand and product reputation, (v) its competitive positioning, (vi) its industry growth probabilities, (vii) its market size analysis, (viii) an assessment of barriers to entry, (ix) an assessment of aggregate sustainability risks, and (x) its defensible patents and intellectual property.
Green Alphas bottom -up quantitative fundamental analysis evaluates each companys financial condition and seeks to identify quality companies that: (i) are high growth companies as indicated by sales growth and a decrease from current price/earnings ratios to forward price/earnings ratios as revenues and earnings grow, (ii) have compelling valuations for proven and expected growth, within acceptable levels of risk, (iii) have strong balance sheets, and (iv) demonstrate capital stewardship as reflected in the rate of return on invested capital and the companys capital allocation priorities. Green Alphas top -down analysis seeks to identify Next Economy companies by evaluating (i) how solutions to major systemic risks can be deployed in specific sectors and industries, (ii) which solutions are most innovative and scalable, (iii) which solutions -driven companies are leaders among their peers (i.e., managements who are willing to engage in thinking and actions that differ in a positive manner from their industry peers), and (iv) what percentage of each companys revenue is attributed to solutions to major systemic risks.
From the universe of Next Economy companies identified by Green Alpha, Uniplan applies bottom -up analysis to identify corporate debt securities that display stable to improving credit metrics that are not declining in a material way or improving over time relative to their industry peers. Uniplan uses data from company filings to analyze the financial statements within a credit framework based on the Altman Z Score and other credit metrics that reflect the financial stability of the company. These corporate debt securities may have fixed or variable rates of interest. While the Fund may purchase debt securities of any maturity, under normal market conditions, the Fund will generally invest in securities that have an expected redemption through maturity, call or other corporate action within the short (three years or less) to intermediate term (three to ten years).
Corporate debt securities may be rated investment -grade or below investment -grade (often called high yield securities or junk bonds). While the Fund may invest in corporate debt securities of any credit quality, under normal market conditions, the Fund will primarily invest in high yield securities. High yield securities are rated below Baa3 by Moodys Investors Service, Inc. (Moodys), or below BBB by S&P Global Ratings, a division of McGraw Hill Companies Inc. (S&P) or Fitch Ratings, Inc. (Fitch), or if unrated, are determined by Uniplan to be of comparable credit quality. The Fund may purchase shares of exchange -traded funds (ETFs) to gain exposure to the types of debt securities in which the Fund primarily invests to manage the Funds cash holdings. ETFs are investment companies that invest in portfolios of securities that are often designed to track particular market segments or indices.
ETF shares are listed on stock exchanges and can be traded throughout the day at market -determined prices. The Sub -Advisor may sell all or a portion of a position of a portfolio holding of the Fund when, in its opinion, one of more of the following occurs: (i) the security no longer meets the criteria of a Next Economy company (ii) there is a negative change in the Uniplans fundamental assessment of a security; (iii) the Uniplan identifies more attractive investment opportunities for the Fund; or (iv) the Fund requires cash to meet redemption requests.
AXSKX Holdings
Top 4 holdings of AXS Sustainable Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Umb Ib Money Market Ii / | 99.95% |
| Harrow, Inc. | 0.85% |
| US Treasury N/b | 0.74% |
| H-Food Holdng/hearthside | 0.01% |
AXSKX Portfolio Allocation
Asset-class allocation of AXS Sustainable Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Cash & Equivalents | 99.9% |
| Equity | 0.9% |
| Fixed Income | 0.8% |
AXSKX Performance
Total returns for AXSKX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 3.9% |
| 3 years (annualised) | -0.7% |
AXSKX Risk Information
Risk metrics for AXSKX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.7%
AXSKX Costs and Fees
AXSKX costs about $99 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.99%
- Gross expense ratio: 4.73%
- Portfolio turnover: 38%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
AXSKX Cashflows
Over the 12 months to 2024-03, AXS Sustainable Income Fund had net inflows of $3.76M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-03 | −$85.45K |
| 2024-02 | $13.26K |
| 2024-01 | $1.70M |
| 2023-12 | $363.97K |
| 2023-11 | $54.66K |
| 2023-10 | $112.13K |
AXSKX Debt Constituents
Largest debt holdings of AXS Sustainable Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| US Treasury N/b | 0.74% |
| H-Food Holdng/hearthside | 0.01% |
AXSKX Prospectus and SEC Filings
Official AXS Sustainable Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-01-26
- Prospectus (485BPOS) — filed 2023-01-27
- Prospectus supplement (497) — filed 2024-02-05
- Portfolio holdings (N-PORT) — filed 2024-05-22
- Portfolio holdings (N-PORT) — filed 2024-02-27
- Portfolio holdings (N-PORT) — filed 2023-11-22
- Annual census (N-CEN) — filed 2023-12-14
- Annual census (N-CEN) — filed 2022-12-13
Related Funds
Other Alternative 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.