AXS Alternative Value Fund
Data updated: 2024-08-29
C000224897 — AXS Alternative Value Fund. United States Mid Cap Value Equity · $12.51M AUM · 2.43% expense ratio. Holdings, fees, performance and SEC filings.
C000224897 Fund Overview
AXS Alternative Value Fund is a US mutual fund managed by Investment Managers Series Trust II, categorised as United States Mid Cap Value 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 Mid Cap Value Equity
- Assets under management: $12.51M
- 1-year return: 10.0%
- SEC CIK: 0001587982
- SEC series ID: S000070752
- Share class ID: C000224897
C000224897 Investment Objective and Strategy
AXS Alternative Value 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 AXS Alternative Value Fund (the Fund) seeks long -term growth of capital.
Principal investment strategy
The Fund seeks to achieve its investment objective by purchasing equity securities of U.S. companies that the Funds sub -advisor , Quantitative Value Technologies, LLC d/b/a Cognios Capital (Cognios Capital or the Sub -Advisor ) believes are undervalued and likely to appreciate. The Fund generally seeks to purchase common stocks of companies that are constituents of the S&P 500 Index. The Fund may invest across different industries and sectors. The Fund may invest in equity securities in non -U .S. markets and U.S. government securities, either directly or indirectly through exchange -traded funds (ETFs), exchange -traded notes (ETNs) and mutual funds. The Fund may use borrowings for investment purposes. In determining when and to what extent to employ borrowing ( i.e ., leverage), the Sub -Advisor will consider factors such as the relative risks and returns expected from the portfolio as a whole and the costs of such transactions.
Borrowings may be structured as secured or unsecured loans, and may have fixed or variable interest rates. The Fund may borrow to the maximum extent permitted by the Investment Company Act of 1940, as amended (the 1940 Act). The Fund will only engage in borrowing when the Sub -Advisor believes the return from the additional investments will be greater than the costs associated with the borrowing. The Sub -Advisor selects securities for purchase and sale using its proprietary ROTA/ROME investment selection and portfolio construction methodology. ROTA/ROME focuses on a companys Return on Total Assets (ROTA) and Return on Market Value of Equity (ROME) in order to identify companies whose per share intrinsic value has diverged significantly from the current market price of its stock. ROTA, or Return on Total Assets, measures the profits that a company has earned on the capital invested in the business.
The Sub -Advisor believes that companies with higher ROTAs are more attractive investment opportunities than companies with lower ROTAs because a business that has a high ROTA and can maintain that high ROTA over long periods of time most likely has a competitive advantage in the marketplace that gives it an edge over its competition. ROME, or Return on Market Value of Equity, divides a companys profits by its current stock price. This profit yield is similar in concept to a bonds yield. Like a bond yield, a higher ROME yield generally means that a companys stock price is lower and cheaper than that of other companies. Similarly, a low ROME yield means the companys stock price is higher and thus more expensive than that of other companies. The Sub -Advisor use these two metrics to determine if a particular company is an attractive business ( i.e ., ROTA) and whether the companys stock is cheap or expensive ( i.e ., ROME).
C000224897 Holdings
Top 10 holdings of AXS Alternative Value Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Leidos Holdings Inc | 2.17% |
| Umb Money Market Fiduciary / | 2.02% |
| Vertex Pharmaceuticals Inc | 1.96% |
| Regeneron Pharmaceuticals Inc | 1.92% |
| Republic Services Inc | 1.88% |
| Waste Management Inc | 1.83% |
| Costco Wholesale Corp | 1.83% |
| Colgate-Palmolive Co | 1.82% |
| Amgen Inc | 1.82% |
| General Dynamics Corp | 1.80% |
C000224897 Portfolio Allocation
Asset-class allocation of AXS Alternative Value Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 115.1% |
| Cash & Equivalents | 2.0% |
| Other | 1.4% |
C000224897 Performance
Total returns for C000224897 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 10.0% |
| 3 years (annualised) | 7.8% |
C000224897 Risk Information
Risk metrics for C000224897, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 10.7%
C000224897 Costs and Fees
C000224897 costs about $243 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.43%
- Gross expense ratio: 3.07%
- Portfolio turnover: 33%
- Brokerage commissions: 2.70 bps of average net assets (SEC N-CEN)
C000224897 Cashflows
Over the 12 months to 2024-06, AXS Alternative Value Fund had net inflows of $2.75M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-06 | −$22.87K |
| 2024-05 | −$538.51K |
| 2024-04 | −$167.35K |
| 2024-03 | −$12.69K |
| 2024-02 | −$97.37K |
| 2024-01 | −$640.41K |
C000224897 Debt Constituents
No individual debt constituents are reported in AXS Alternative Value Fund's latest SEC N-PORT filing.
C000224897 Prospectus and SEC Filings
Official AXS Alternative Value 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 2022-02-07
- Portfolio holdings (N-PORT) — filed 2024-08-29
- Portfolio holdings (N-PORT) — filed 2024-05-22
- Portfolio holdings (N-PORT) — filed 2024-02-27
- Annual census (N-CEN) — filed 2023-12-14
- Annual census (N-CEN) — filed 2022-12-13
Related Funds
Other United States Mid Cap Value 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.