AXS Dynamic Opportunity Fund

ADOIX & ADOAX

Fund Overview

The AXS Dynamic Opportunity Fund is designed to help investors participate in the potential upside of the equity markets while seeking to reduce downside risks. It seeks long-term capital appreciation with a short-term focus on capital preservation. The managers employ a distinctive three-pronged hedged equity strategy that can go anywhere from fully long in high quality stocks all the way to fully short when markets experience severe downturns. Together these components ultimately offer investors a dynamic way to seek alpha while looking to limit losses.

Investor Benefits

The Equity Component actively identifies 30-50 high quality, market-leading stocks of all sizes and styles whose price movement and trading volume indicate “meaningful breakouts” and that have excellent fundamentals (sustainable growth, profitability and attractive valuations).

The Hedging Component uses an unbiased, rules-based model to monitor moving averages daily and determine how much hedging the portfolio needs. The Fund will take short positions in a variety of index ETFs where necessary to mitigate risks.

 

The Sector Component can take long or short positions in sector or industry ETFs to tactically gain or reduce exposure to areas where trends are identified.

 

 

Fund Details

I Shares

Ticker: ADOIX
CUSIP: 46144X461
Inception Date: 1/20/2015
Distribution Frequency: Annually
Management Fees: 1.25%
Total Operating Expense: 1.88% 
Net Expense*: 1.88%

A Shares

Ticker: ADOAX
CUSIP: 46144X479
Inception Date: 1/20/2015
Distribution Frequency: Annually
Management Fees: 1.25%
Total Operating Expense: 2.13% 
Net Expense*: 2.13%

*The Fund’s investment advisor has contractually agreed to reduce its fees and/or absorb expenses of the Fund to ensure that the Fund’s total annual operating expenses (excluding any taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization and extraordinary expenses such as litigation expenses) do not exceed 2.15% for Class I and 2.40% for Class A of the Fund’s average daily net assets through at least 4/28/2025.

Fund News

You could lose money by investing in the Fund. There can be no assurance that the Fund’s investment objectives will be achieved.

Market Risk: The market price of a security or instrument may decline, sometimes rapidly or unpredictably, due to general market conditions that are not specifically related to a particular company, such as real or perceived adverse economic or political conditions throughout the world, changes in the general outlook for corporate earnings, changes in interest or currency rates, or adverse investor sentiment generally.

Equity Risk: The value of the equity securities held by the Fund may fall due to general market and economic conditions, perceptions regarding the industries in which the issuers of securities held by the Acquiring Fund participate, or factors relating to specific companies in which the Fund invests.

Derivatives Risk: Using derivatives, such as options, exposes the Fund to additional or heightened risks, including leverage risk, liquidity risk, valuation risk, market risk, counterparty risk, and credit risk.

Options Risk: Purchasing and writing put and call options are highly specialized activities and entail greater than ordinary investment risks. The Fund may not fully benefit from or may lose money on an option if changes in its value do not correspond as anticipated to changes in the value of the underlying securities.

Short Sales Risk: In connection with a short sale of a security or other instrument, the Fund is subject to the risk that instead of declining, the price of the security or other instrument sold short will rise in which case the Fund will experience a loss.