AXS Multi-Strategy Alternatives Fund
Data updated: 2024-05-22
C000214745 — AXS Multi-Strategy Alternatives Fund. Market-Neutral · $15.81M AUM · 1.66% expense ratio. Holdings, fees, performance and SEC filings.
C000214745 Fund Overview
AXS Multi-Strategy Alternatives Fund is a US mutual fund managed by Investment Managers Series Trust II, categorised as Market-Neutral. 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: Market-Neutral
- Assets under management: $15.81M
- 1-year return: 19.6%
- SEC CIK: 0001587982
- SEC series ID: S000066569
- Share class ID: C000214745
C000214745 Investment Objective and Strategy
AXS Multi-Strategy Alternatives 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 Multi-Strategy Alternatives Fund (the Fund) is long-term growth of capital.
Principal investment strategy
The Fund employs a flexible investment strategy, meaning it has the freedom to invest globally in companies of all sizes and in all sectors, long or short, in equities, fixed income, certain derivatives, and cash. It is not restricted to any style box (e.g., large cap growth or small cap value). To achieve its investment objectives, the Fund invests principally in domestic and foreign equity securities (common stock and depositary receipts), exchange -traded funds (ETFs), swaps, futures and options. The Fund may have investment exposure to a broad range of markets that are economically tied to U.S. and foreign markets (including emerging markets). In selecting securities for the Funds portfolio, the Funds investment advisor focuses on the broad macroeconomic environment specifically whether the equity market offers the potential for acceptable risk -adjusted returns.
If so, the Fund typically invests in equities. If not, the Fund employs a market neutral strategy (a form of hedging that aims to generate returns that are independent or uncorrelated with the direction of the stock market) with respect to its equity holdings and/or invests in asset classes, including but not limited to fixed income securities of any maturity and credit quality, derivatives, and/or cash equivalents, that are not correlated with the stock market. Rules -based , quantitative systems are used to measure market risk and select individual securities. AXS utilizes all or parts of a multi -faceted approach in managing the Fund, including fundamental, technical and quantitative analysis. AXS uses rules -based quantitative models that apply systematic research to provide buy and sell signals.
AXS adjusts the Funds market exposure depending on how clearly its research reflects the markets direction. AXS then bases its investment decisions quantitatively on a wide array of fundamental and technical factors. Fundamental factors include measures such as earnings growth rates, return on capital and dividend yield. Technical factors include measures such as price performance, volatility and trading volume. The Fund may sell equity securities short in amounts equal to up to 50% of its net assets if AXS believes the value of the equity securities are likely to depreciate in value. In addition, the Fund may purchase and sell futures contracts, and may purchase and sell options on securities, securities indexes, and futures contracts. These types of investments produce economically leveraged investment results.
To hedge the Funds short positions, the Fund may buy call options, which gives the Fund the right to buy a stock it has sold short at a predetermined price. Similarly, the Fund may sell futures to hedge a portion of the Funds long positions. As a part of its investment strategy and during periods in which the Fund has limited market exposure, the Fund may invest in money market funds or other short -term interest -bearing instruments. In pursuing its investment objectives, the Fund may engage in frequent trading.
C000214745 Holdings
Top 10 holdings of AXS Multi-Strategy Alternatives Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fidelity Government Portfolio | 9.35% |
| Vanguard Dividend Appreciation | 3.21% |
| Invesco QQQ Trust Series 1 | 3.19% |
| ProShares Short S&P500 | 3.18% |
| NVIDIA Corp | 2.00% |
| Incyte Corp | 1.97% |
| Microsoft Corp | 1.96% |
| Western Digital Corp | 1.88% |
| Tesla Inc | 1.87% |
| Curtiss-Wright Corp | 1.78% |
C000214745 Portfolio Allocation
Asset-class allocation of AXS Multi-Strategy Alternatives Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 66.0% |
| Other | 25.4% |
| Cash & Equivalents | 9.3% |
C000214745 Performance
Total returns for C000214745 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 19.6% |
| 3 years (annualised) | 5.0% |
C000214745 Risk Information
Risk metrics for C000214745, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.2%
C000214745 Costs and Fees
C000214745 costs about $166 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.66%
- Gross expense ratio: 2.34%
- Portfolio turnover: 410%
- Brokerage commissions: 10.77 bps of average net assets (SEC N-CEN)
C000214745 Cashflows
Over the 12 months to 2024-03, AXS Multi-Strategy Alternatives Fund had net inflows of $4.71M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-03 | −$377.59K |
| 2024-02 | −$88.53K |
| 2024-01 | −$230.42K |
| 2023-12 | $1.11M |
| 2023-11 | $930.49K |
| 2023-10 | $290.55K |
C000214745 Debt Constituents
No individual debt constituents are reported in AXS Multi-Strategy Alternatives Fund's latest SEC N-PORT filing.
C000214745 Prospectus and SEC Filings
Official AXS Multi-Strategy Alternatives Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-01-27
- Prospectus supplement (497) — filed 2024-02-05
- Prospectus supplement (497) — filed 2023-07-03
- 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
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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.