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Trending ETFs

AXS Dynamic Opportunity Fund

mutual fund
ADOIX
Payout Change
Pending
Price as of:
$20.04 +0.13 +0.65%
primary theme
Long-Short Equity
share class
ADOIX (Mutual Fund)

AXS Dynamic Opportunity Fund

Payout Change
Pending
Price as of:
$20.04 +0.13 +0.65%
primary theme
Long-Short Equity
share class
ADOIX (Mutual Fund)

AXS Dynamic Opportunity Fund

Payout Change
Pending
Price as of:
$20.04 +0.13 +0.65%
primary theme
Long-Short Equity
share class

Name

As of 05/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$20.04

$66.6 M

1.17%

$0.23

1.88%

Vitals

YTD Return

12.7%

1 yr return

22.4%

3 Yr Avg Return

-1.9%

5 Yr Avg Return

2.6%

Net Assets

$66.6 M

Holdings in Top 10

41.9%

52 WEEK LOW AND HIGH

$19.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.88%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 330.00%

Redemption Fee 1.00%


Min Investment

Standard (Taxable)

$10,000

IRA

$5,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$20.04

$66.6 M

1.17%

$0.23

1.88%

ADOIX - Profile

Distributions

  • YTD Total Return 12.7%
  • 3 Yr Annualized Total Return -1.9%
  • 5 Yr Annualized Total Return 2.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.93%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    AXS Dynamic Opportunity Fund
  • Fund Family Name
    INVESTMENT MANAGERS SERIES TRUST II
  • Inception Date
    Jan 20, 2015
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jordan Kahn

Fund Description

Under normal market conditions, the Fund seeks to achieve its investment objective by investing in domestic and foreign (including emerging markets) equity securities of any market capitalization. The Fund may also take long or short positions in index exchange traded funds (“ETFs”) to hedge the Fund’s equity portfolio.

The Fund’s advisor, AXS Investments, LLC (the “Advisor”), selects equity securities for the Fund that are experiencing meaningful breakouts. A “breakout” is a significant movement that involves a combination of price and trading volume in a given security. The Advisor further screens these breakout candidates to ensure they meet certain fundamental and technical criteria as determined by the Advisor such as earnings per share growth, revenue growth, and upward revisions of estimates and profitability of the issuers of the securities. The Advisor intends to sell a security when its price drops a certain percentage from its purchase price (“stop-loss”), or if the price drops below a key technical level (such as the 50-day moving price average for the security) in combination with a rise in trading volume. The Fund has no set holding period for any security and actively trades its portfolio investments, which may result in a high portfolio turnover rate.

The Fund’s investment strategies for short positions can include: (1) selling short an ETF or other security that tracks a broad or narrow market index, in hopes of buying the security at a future date at a lower price; (2) selling short common stocks; (3) buying a put option on an ETF or other security that tracks a broad or narrow market index; (4) buying an ETF or other security that is designed to appreciate in value when the value of a broad or narrow market index declines; (5) selling a covered call option on a security that the Fund owns for the duration of the option period; and (6) holding a short position in an ETF or other security that tracks a broad or narrow market index and adding to the Fund’s long positions in particular stocks by a corresponding amount.

The use of short positions or “hedges” is designed to adjust the overall net exposure of the portfolio to limit the Fund’s downside exposure to declines in the overall market. A fund’s net exposure is the percentage of assets invested in long positions minus the percentage of assets invested in short positions (“hedges”). The net long exposure of the Fund can fluctuate anywhere between 0% long and 100% long. For example, if the Fund is 50% invested in long positions while simultaneously being 50% invested in hedges, the net long exposure would equal zero percent. The Advisor monitors numerous broad market indexes and several key moving averages and intends to close short positions as select market indexes rise above certain moving averages as identified by the Advisor.

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ADOIX - Performance

Return Ranking - Trailing

Period ADOIX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.7% -6.9% 20.6% 11.45%
1 Yr 22.4% -10.3% 43.4% 15.06%
3 Yr -1.9%* -17.2% 25.6% 83.56%
5 Yr 2.6%* -3.5% 25.6% 84.33%
10 Yr N/A* -4.2% 10.2% N/A

* Annualized

Return Ranking - Calendar

Period ADOIX Return Category Return Low Category Return High Rank in Category (%)
2023 5.3% -17.3% 43.8% 48.19%
2022 -18.1% -54.0% 17.4% 83.44%
2021 -1.4% -40.0% 54.1% 76.55%
2020 17.4% -47.6% 88.4% 22.30%
2019 2.0% -20.3% 62.6% 86.26%

Total Return Ranking - Trailing

Period ADOIX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.7% -6.9% 20.6% 11.45%
1 Yr 22.4% -10.3% 43.4% 15.06%
3 Yr -1.9%* -17.2% 25.6% 83.56%
5 Yr 2.6%* -3.5% 25.6% 84.33%
10 Yr N/A* -4.2% 10.2% N/A

* Annualized

Total Return Ranking - Calendar

Period ADOIX Return Category Return Low Category Return High Rank in Category (%)
2023 6.7% -14.5% 43.8% 59.64%
2022 -18.1% -54.0% 50.3% 88.08%
2021 -1.4% -40.0% 61.6% 88.97%
2020 17.4% -29.9% 91.0% 23.02%
2019 2.0% -17.9% 79.4% 87.79%

NAV & Total Return History


ADOIX - Holdings

Concentration Analysis

ADOIX Category Low Category High ADOIX % Rank
Net Assets 66.6 M 1.08 M 6.67 B 56.02%
Number of Holdings 69 3 1788 63.19%
Net Assets in Top 10 21.8 M 474 K 2.09 B 72.39%
Weighting of Top 10 41.85% 0.9% 182.8% 57.06%

Top 10 Holdings

  1. Fidelity Government Portfolio - Class Institutional 13.31%
  2. United States Treasury Bill 5.69%
  3. NVIDIA Corp. 4.08%
  4. Meta Platforms, Inc. - Class A 3.80%
  5. Amazon.com, Inc. 3.21%
  6. Alphabet, Inc. - Class A 2.68%
  7. Goldman Sachs Financial Square Government Fund - Class Administration USD INC 2.65%
  8. Advanced Micro Devices, Inc. 2.21%
  9. Apple, Inc. 2.18%
  10. Booking Holdings, Inc. 2.04%

Asset Allocation

Weighting Return Low Return High ADOIX % Rank
Stocks
72.04% 0.00% 102.24% 39.88%
Cash
17.78% 0.00% 102.08% 62.58%
Bonds
5.69% 0.00% 178.67% 18.40%
Other
0.90% -45.12% 99.51% 22.09%
Preferred Stocks
0.00% 0.00% 8.29% 56.44%
Convertible Bonds
0.00% -0.02% 4.48% 48.41%

Stock Sector Breakdown

Weighting Return Low Return High ADOIX % Rank
Technology
22.02% 0.00% 43.24% 28.68%
Industrials
17.56% 0.00% 31.93% 8.09%
Healthcare
15.83% 0.00% 100.00% 41.18%
Energy
10.79% 0.00% 32.57% 13.24%
Consumer Cyclical
10.60% 0.00% 88.83% 46.32%
Communication Services
9.55% 0.00% 32.32% 19.85%
Basic Materials
7.09% 0.00% 28.58% 12.50%
Financial Services
4.31% 0.00% 83.83% 90.44%
Consumer Defense
2.21% 0.00% 33.38% 85.29%
Real Estate
0.03% 0.00% 10.93% 77.94%
Utilities
0.00% 0.00% 21.71% 85.29%

Stock Geographic Breakdown

Weighting Return Low Return High ADOIX % Rank
US
72.04% -0.30% 102.24% 34.97%
Non US
0.00% -3.36% 70.87% 58.90%

Bond Sector Breakdown

Weighting Return Low Return High ADOIX % Rank
Cash & Equivalents
15.96% 0.00% 92.72% 27.61%
Government
2.05% 0.00% 58.54% 23.08%
Derivative
0.90% -45.12% 99.51% 20.86%
Securitized
0.00% 0.00% 13.59% 50.00%
Corporate
0.00% 0.00% 99.80% 55.77%
Municipal
0.00% 0.00% 0.07% 48.72%

Bond Geographic Breakdown

Weighting Return Low Return High ADOIX % Rank
US
5.69% 0.00% 178.67% 18.40%
Non US
0.00% 0.00% 12.28% 49.08%

ADOIX - Expenses

Operational Fees

ADOIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.88% 0.42% 8.51% 63.86%
Management Fee 1.25% 0.00% 2.50% 56.02%
12b-1 Fee N/A 0.00% 1.00% 9.74%
Administrative Fee N/A 0.03% 1.54% 63.26%

Sales Fees

ADOIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

ADOIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 0.50% 2.00% 47.62%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ADOIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 330.00% 0.00% 479.00% 92.25%

ADOIX - Distributions

Dividend Yield Analysis

ADOIX Category Low Category High ADOIX % Rank
Dividend Yield 1.17% 0.00% 27.22% 58.79%

Dividend Distribution Analysis

ADOIX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual SemiAnnual Annual

Net Income Ratio Analysis

ADOIX Category Low Category High ADOIX % Rank
Net Income Ratio -0.93% -3.33% 2.16% 57.32%

Capital Gain Distribution Analysis

ADOIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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ADOIX - Fund Manager Analysis

Managers

Jordan Kahn


Start Date

Tenure

Tenure Rank

Jan 20, 2015

7.36

7.4%

Jordan Kahn has been the CIO of Ascendant Capital Management, LLC since 2014. Before founding Ascendant Capital Management, LLC, Mr. Kahn founded KAM Advisors in 2007.In 2015, KAM Advisors was purchased by HCR Wealth Advisers, where Mr. Kahn acts as Chief Investment Officer. In addition, Mr. Kahn was previously a Managing Partner with Beverly Investment Advisors from 2007 to 2010, and before that a Senior Portfolio Manager for Summit Wealth Management (formerly Berger & Associates) from 2001 to 2007. Mr. Kahn received his Masters of Science in Financial Markets and Trading from the Stuart School of Business at the Illinois Institute of Technology. He is also a Chartered Financial Analyst. Mr. Kahn graduated cum laude in Economics with a concentration in Finance from the University of Colorado.

Alan Savoian


Start Date

Tenure

Tenure Rank

Mar 31, 2017

5.17

5.2%

Alan Savoian has been a Portfolio Manager for Ascendant Capital Management, LLC since 2017. Mr. Savoian has over 25 years of experience in the investment industry as a senior portfolio manager and research analyst. Prior to joining the Adviser, Alan was a Senior Portfolio Manager at William O’Neil & Co from March 1990 to September 2016, where he successfully managed proprietary portfolios for the firm’s in-house money management business. He is an expert in analyzing stocks according to the O’Neil CAN SLIM Method, which he learned personally from legendary investor William O’Neil. Mr. Savoian received his Bachelor of Arts in Finance from California State University, Northridge.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 23.55 6.04 7.93