Axs Fomo ETF

C000236566 Fund Overview

Axs Fomo ETF is a US ETF managed by Investment Managers Series Trust II, categorised as Emerging Markets Growth 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: Emerging Markets Growth Equity
• Assets under management: $3.70M
• SEC CIK: 0001587982
• SEC series ID: S000076581
• Share class ID: C000236566

C000236566 Investment Objective and Strategy

Axs Fomo 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 FOMO ETF (the Fund or FOMO) seeks to provide capital appreciation.

Principal investment strategy

The Fund is an actively managed exchange traded fund that will invest primarily in equity securities of U.S., foreign, and emerging market companies of any market capitalization and special purpose acquisition companies (SPACs). 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. Each Fund may invest in SPACs that have yet to complete a business combination transaction or companies that have completed a business combination transaction with a SPAC within the last two years. The Fund may also invest in equity exchange-traded funds (ETFs), fixed income ETFs, volatility and inverse volatility ETFs and exchange-traded notes (ETNs), and leveraged and inverse ETFs and ETNs.

The Fund invests, on a short-term basis, in inverse and leveraged ETFs that seek to provide the inverse performance of stock indices, treasury bonds, and volatility ETFs. In addition, the AXS FOMO ETF may also utilize a put and/or call option strategy to manage the risk of a significant negative movement in the value of domestic equities over rolling one-month periods. The Fund will invest in fixed income ETFs that primarily invest in domestic and foreign fixed income securities of any credit rating maturity and duration. Such fixed income securities will include high yield bonds (commonly known as junk bonds). The Fund considers high yield bonds to be those that are rated lower than Baa3 by Moodys Investors Service or lower than BBB- by Standard & Poors rating group. High yield bonds have a higher expected rate of default than investment grade bonds.

The Funds name is an abbreviation for the Fear of Missing Out. The Fear of Missing Out (FOMO) is commonly defined as a social anxiety stemming from the belief that others might be enjoying something while the person suffering anxiety misses out. The Funds strategy is related to the FOMO because it allows investors to invest in areas of the market that are currently in favor by retail and individual investors; thus, avoiding FOMO. In determining areas of the market that are currently in favor by retail and individual investors, the advisor uses proprietary investment models that combine market trend and counter trend following, and market analysis across asset classes, including ongoing analysis of trends in market prices, social media postings, stocks in uptrends, stocks with higher than normal volume, and stocks in counter trend setups, to determine when to buy, sell, or hold equity securities.

The advisor uses trend following models to track and purchase securities that are perceived as increasing in value and to avoid securities that are perceived to be decreasing in value. The advisor uses counter trend models to track and purchase securities that have been increasing in value, but are currently perceived to be oversold. Furthermore, the advisor may use intermarket analysis to look for divergences between asset classes that tend to either move together or move apart. Because of the tactical nature of the advisors strategy, the Fund may engage in frequent trading of its portfolio which will result in a higher portfolio turnover rate.

C000236566 Costs and Fees

C000236566 costs about $90 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.90%
• Gross expense ratio: 1.37%
• Portfolio turnover: 1285%

C000236566 Cashflows

Over the 12 months to 2022-12, Axs Fomo ETF had net inflows of $1.36M, from monthly SEC N-PORT filings.

C000236566 Debt Constituents

No individual debt constituents are reported in Axs Fomo ETF's latest SEC N-PORT filing.

C000236566 Prospectus and SEC Filings

Official Axs Fomo 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

Related Funds

Other Emerging Markets Growth Equity funds tracked on ABC INVEST:

• Motley Fool Global Opportunities Fund (FOOLX)
• AMG Managers Special Equity Fund (MGSEX)
• CLS Global Aggressive Equity Fund (CLACX)
• Cavalier Growth Opportunities Fund (CATEX)
• The Tocqueville Opportunity Fund (TOPPX)

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.