AXS De-SPAC ETF

C000236565 Fund Overview

AXS De-SPAC ETF is a US ETF managed by Investment Managers Series Trust II, categorised as United States Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: Investment Managers Series Trust II
• Category: United States Blend / Core Equity
• Assets under management: $510.35K
• SEC CIK: 0001587982
• SEC series ID: S000076580
• Share class ID: C000236565

C000236565 Investment Objective and Strategy

AXS De-SPAC ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Investment Managers Series Trust II.

Investment objective

AXS De-SPAC ETF (the Fund or DSPC) seeks to provide investment results that correspond, before fees and expenses, to the price and yield performance of The De-SPAC Index (the Index).

Principal investment strategy

The Fund attempts to replicate the Index by investing all, or substantially all (no less than 80%), of its net assets in the stocks that make up the Index, holding each stock in approximately the same proportion as its weighting in the Index. Although the Advisor intends to be fully invested in the Index, the Fund may invest up to 20% of the Funds net assets in cash and cash equivalents. As of December 31, 2021, there were 25 issuers in the Index. The Index is comprised of twenty-five of the largest companies, based on market capitalization, that have completed a business combination transaction with a Special Purpose Acquisition Company (SPAC) within one year of the Indexs screening date. A SPAC is blank check company that has not yet merged with an operating company or even chosen a merger target.

SPACs are formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. SPACs often have pre-determined time frames to merge (typically two years) or the SPAC will liquidate. The Herculoid Group LLC is the index provider for the Index (the Index Provider). Solactive AG independently prices the Index on a continuous basis during equity market hours. The Index is rebalanced on a monthly basis. The Advisor uses a passive or indexing approach to try to achieve the Funds investment objective. Unlike many investment companies, the Fund does not try to beat the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued. Indexing may eliminate the chance that the Fund will substantially outperform the Index but also may reduce some of the risks of active management, such as poor security selection.

Indexing seeks to achieve lower costs and better after-tax performance by keeping portfolio turnover low in comparison to actively managed investment companies. To the extent the Index concentrates (i.e., holds more than 25% of its total assets) in the securities of a particular industry or group of related industries, the Fund will concentrate its investments to approximately the same extent as the Index.

C000236565 Costs and Fees

C000236565 costs about $75 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.75%
• Gross expense ratio: 2.12%
• Portfolio turnover: 44%
• Brokerage commissions: 81.33 bps of average net assets (SEC N-CEN)

C000236565 Cashflows

Over the 12 months to 2022-12, AXS De-SPAC ETF had net inflows of $0, from monthly SEC N-PORT filings.

C000236565 Debt Constituents

No individual debt constituents are reported in AXS De-SPAC ETF's latest SEC N-PORT filing.

C000236565 Prospectus and SEC Filings

Official AXS De-SPAC ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2022-06-27
• Prospectus supplement (497) — filed 2022-08-05
• Portfolio holdings (N-PORT) — filed 2023-02-21
• Portfolio holdings (N-PORT) — filed 2022-11-25
• Annual census (N-CEN) — filed 2022-12-13

Related Funds

Other United States Blend / Core Equity funds tracked on ABC INVEST:

• International Small Company Portfolio (DFISX)
• iShares Preferred and Income Securities ETF (PFF)
• Guggenheim Macro Opportunities Fund (GIOAX)
• Emerging Markets Portfolio (DFEMX)
• Eaton Vance Global Macro Absolute Return Advantage Fund (EGRAX)

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.