AXS Aspect Core Diversified Strategy Fund

Data updated: 2021-12-13

C000214729 — AXS Aspect Core Diversified Strategy Fund. Money Market · $20.74M AUM · 1.49% expense ratio. Holdings, fees, performance and SEC filings.

C000214729 Fund Overview

AXS Aspect Core Diversified Strategy Fund is a US mutual fund managed by Investment Managers Series Trust II, categorised as Money Market. 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: Money Market
Assets under management: $20.74M
1-year return: 6.2%
SEC CIK: 0001587982
SEC series ID: S000066563
Share class ID: C000214729

C000214729 Investment Objective and Strategy

AXS Aspect Core Diversified Strategy 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 Aspect Core Diversified Strategy Fund (the Fund) is long term capital appreciation.

Principal investment strategy

The Fund pursues its investment objective primarily by investing directly or indirectly in a diversified portfolio of futures contracts and futures-related instruments such as forwards and swaps in broadly diversified global ( i.e. U.S. and non-U.S.) markets across four major asset classes: commodities, currencies, fixed income and stock indices (the Futures Portfolio). The Fund either invests directly in those instruments, or indirectly by investing via a swap or via its wholly-owned subsidiary (the Subsidiary) which may then invest in such assets directly or indirectly. Futures contracts and futures related instruments only require a much smaller amount of margin to be provided relative to the economic exposure which the futures contract provides to the relevant investment; this may create a leverage effect in the Fund that could lead to increased losses as well as increased gains.

As part of its principal investment strategy, the Fund may, directly or indirectly, invest in future contacts and futures-related instruments, the price of which is referenced to securities of foreign issuers, including emerging market issuers. A significant portion of the assets of the Fund will be invested in a fixed income portfolio which may be comprised of: cash, cash equivalents, investment grade corporate bonds and other corporate debt securities of any maturity, securities issued by the U.S. government and its agencies and instrumentalities (normally with one year or less term to maturity), money market securities and other interest-bearing instruments or any derivative instrument meant to track the return of any such instrument (the Fixed Income Portfolio). The Fund will generally invest in investment grade fixed income securities rated in the four highest categories by Standard & Poors (S&P), Fitch Ratings (Fitch) or Moodys Investors Service, Inc.

(Moodys). The Fund may also invest, to the extent permitted by the Investment Company Act of 1940, as amended (the 1940 Act) and rules under it, in money market funds or other investment companies (such as exchange traded funds) whose assets are comprised primarily of fixed income securities or that seek to track the composition and/or performance of specific fixed income indexes. The Fund may frequently buy and sell portfolio securities, derivative instruments and other assets to rebalance the Funds exposure to the desired market and manage the Fixed Income Portfolio effectively. Aspect manages the Futures Portfolio and the Subsidiarys Futures Portfolio by applying the Aspect Core Diversified Program. The Aspect Core Diversified Program seeks to: (i) produce strong capital growth over a medium-term (three to five years) time horizon; (ii) identify and take advantage of both rising and falling market prices using a disciplined quantitative investment process; (iii) generate returns that are not correlated to the performance of traditional bond and stock markets thereby enhancing the overall risk/return profile when added to traditional investment portfolios; and (iv) minimize risk by operating in a variety of markets and asset classes, and by using pre-defined risk controls which take account of factors such as the volatility (a statistical measurement of the dispersion of returns of a financial asset, as measured by the annualized standard deviation of its return) and liquidity of the markets and correlations (a statistical measure of the degree to which the movements in the price of two assets are related to each other) between markets.

The Aspect Core Diversified Program is not applied by Aspect with any preference for any one market. Instead, it aims to capture sustained price moves in whichever market those moves may appear. Risk is therefore allocated on a long-term average basis, taking into account each markets volatility. These allocations are subject to regular review and may change from time to time at Aspects discretion and may be made without prior notification to Fund shareholders. Aspects investment process employs medium-term trend following strategies that seek to identify and profit from price moves in a broad range of highly liquid futures and forward markets across the commodity, currency, fixed income and equity asset classes by taking either a long or short position in each given market. Trend following strategies generally seek to identify the general direction of one or more global market segments (either up or down) using indicators such as current market prices and moving average prices, and buy or sell investments based on the assessment of these trade signals as determined before a trade is made.

Trend following generally focuses on the direction of an investment or global market segment already gone and not the direction it may go. The value of a long position in a futures or forward market will increase (decrease) in correspondence with an increase (decrease) in the price of underlying asset on which the futures or forward contract is derived. The value of a short position in a futures or forward market will decrease (increase) in correspondence with an increase (decrease) in the price of the underlying asset on which such futures or forward contract is derived. Aspect utilizes an automated system to collect, process and analyze the market price data concerning the commodities, currencies, fixed income and equity asset classes. By maintaining comparatively small exposure to any individual market and maintaining positions in a variety of futures and forward contracts, Aspect aims to achieve long term diversification within the Futures Portfolio.

The Fund may make some or all of its investments in the Futures Portfolio through the Subsidiary. Applicable federal tax requirements generally limit the degree to which the Fund may invest in the Subsidiary to an amount not exceeding 25% of its total assets. Generally, the Subsidiary will primarily invest directly or indirectly in commodity futures, but it may also invest in swaps, financial futures, foreign exchange currency forwards, U.S. government securities, money market funds, and/or other investments intended to serve as margin or collateral for the Subsidiarys derivative positions. Through investing in the Subsidiary, the Fund, will among other things, be able to gain exposure to the commodities markets within the limitations of the federal tax laws, rules and regulations that apply to regulated investment companies.

To the extent they are applicable to the investment activities of the Subsidiary, the Subsidiary will be subject to the same investment restrictions and limitations, and follow the same compliance policies and procedures, as the Fund. Unlike the Fund, the Subsidiary may invest without limitation in commodity-linked derivative instruments (including commodity futures), however, the Subsidiary will comply with the same 1940 Act asset coverage requirements with respect to its investments in commodity-linked derivatives (including commodity futures) that are applicable to the Funds transactions in derivatives. Unlike the Fund, the Subsidiary will not seek to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the Code). The Fund is the sole shareholder of the Subsidiary and does not expect shares of the Subsidiary to be offered or sold to other investors.

The Funds return will be derived principally from changes in the value of securities and other instruments held in the Funds portfolio (including its investment in the Subsidiary), and the Funds assets will consist principally of securities. The Sub-Advisor may engage in frequent buying and selling of portfolio holdings to achieve the Funds investment objective.

C000214729 Performance

Total returns for C000214729 (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	6.2%
3 years (annualised)	1.2%

C000214729 Risk Information

Risk metrics for C000214729, derived from monthly returns in SEC filings.

1-year volatility (annualised): 5.5%

C000214729 Costs and Fees

C000214729 costs about $149 per $10,000 invested per year in fund expenses.

Net expense ratio: 1.49%
Gross expense ratio: 2.38%
Portfolio turnover: 0%
Brokerage commissions: 18.51 bps of average net assets (SEC N-CEN)

C000214729 Cashflows

Over the 12 months to 2021-09, AXS Aspect Core Diversified Strategy Fund had net inflows of $10.60M, from monthly SEC N-PORT filings.

Month	Net flow
2021-09	$524.22K
2021-08	$632.23K
2021-07	$129.94K
2021-06	$895.19K
2021-05	$414.61K
2021-04	$509.33K

C000214729 Debt Constituents

No individual debt constituents are reported in AXS Aspect Core Diversified Strategy Fund's latest SEC N-PORT filing.

C000214729 Prospectus and SEC Filings

Official AXS Aspect Core Diversified Strategy Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Money Market 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.