AXS FTSE Venture Capital Return Tracker Fund
Class I: LDVIX Class A: LDVAX Class C: LDVCX
Fund Overview
Private companies backed by Venture Capital drive significant innovation and growth for the economy. However, only the wealthiest individuals and institutions can invest directly in these companies and benefit from their sizable growth potential.
The FTSE Venture Capital Return Tracker Fund opened access to that potential – busting the barriers that shut most investors out of this asset class. The fund seeks to provide investment results that correspond generally to the price performance of the FTSE Venture Capital Index (TRVCI), which is designed to track the aggregate performance of U.S. venture capital-backed companies.
Finally, there’s a way to enhance your portfolio with Venture Capital-style exposure: Invest in a portfolio of publicly traded stocks that replicate the returns of the overall VC sector.
Investor Benefits
Diversify your equity portfolio with the high growth return potential of the VC sector
Circumvent the high fees, high investment minimums and long lock-ups of VC funds
Enjoy the daily liquidity and pricing transparency of a mutual fund
Fund Details
I Shares
Ticker: LDVIX
CUSIP: 46141T265
Inception Date: 10/2/2014
Distribution Frequency: Annual
Management Fees: 1.25%
Total Operating Expense*: 1.72%
Net Expense*: 1.50%
A Shares
Ticker: LDVAX
CUSIP: 46141T281
Inception Date: 10/2/2014
Distribution Frequency: Annual
Management Fees: 1.25%
Total Operating Expense*: 1.97%
Net Expense*: 1.75%
C Shares
Ticker: LDVCX
CUSIP: 46141T273
Inception Date: 9/23/2015
Distribution Frequency: Annual
Management Fees: 1.25%
Total Operating Expense*: 2.72%
Net Expense*: 2.50%
As of 1/31/2023 The AXS Thomson Reuters Venture Capital Return Tracker Fund changed its name to the AXS FTSE Venture Capital Return Tracker Fund.
*The Fund’s investment advisor has contractually agreed to reduce fees and/or absorb expenses of the Fund to ensure that the Fund’s total annual operating expenses do not exceed on an annual basis: 1.50% Class I, 1.75% Class A, and 2.50% Class C of the Fund’s average daily net assets, effective until 1/31/2025.
Fund News
There is no assurance that the Fund will achieve its investment objective.
The Fund may invest in ETFs, ETNs and mutual funds, which are subject to investment advisory and other expenses, which will be indirectly paid by the Fund. ETFs, ETNs and mutual funds are subject to issuer, fixed income and risks specific to the Fund. Venture capital investments involve a greater degree of risk; as a result, the Fund’s returns may experience greater volatility than the overall market. The Fund does not invest in venture capital funds nor does it invest directly in companies funded by venture capital funds. The Fund seeks to generate returns that mimic the aggregate returns of U.S. venture capital-backed companies as measured by the FTSE Venture Capital Index (TRVCI). There is a risk that the Fund's return may not match or achieve a higher degree of correlation with the return of the TRVCI. Additionally, the TRVCI’s return may not match or achieve a high degree of correlation with the return of the U.S. venture capital-based companies.
Investments in equity securities are subject to overall market risks. To the extent that the Fund’s investments are concentrated in or significantly exposed to a particular sector, the Fund will be susceptible to loss due to adverse occurrences affecting that sector. Loss may result from the Fund’s investments in derivatives. These instruments may be illiquid, difficult to value and leveraged so that small changes may produce disproportionate losses to the Fund. Over the counter derivatives, such as swaps, are also subject to counterparty risk, which is the risk that the other party in the transaction will not fulfill its contractual obligation. In certain circumstances, it may be difficult for the Fund to purchase and sell particular derivative investments within a reasonable time at a fair price.
The AXS FTSE Venture Capital Return Tracker Fund (LDVIX) (the “Fund”) has been developed solely by AXS Investments LLC. The Fund is not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). FTSE Russell is a trading name of certain of the LSE Group companies.
All rights in the FTSE Venture Capital Index (the “Index”) vest in the relevant LSE Group company which owns the Index. “FTSE®” “Russell®”, “FTSE Russell®”, “FTSE4Good®”, “ICB®” and “The Yield Book®” are trademarks of the relevant LSE Group company and are used by any other LSE Group company under license.
The Index is calculated by or on behalf of London Stock Exchange Group plc or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the Fund. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from the Fund or the suitability of the Index for the purpose to which it is being put AXS Investments LLC.