AXS Adaptive Plus Fund


Fund Overview

Equity market conditions can change fast, and it’s hard for investors to swiftly adapt portfolio allocations accordingly. The AXS Adaptive Plus Fund seeks capital appreciation in rising and falling U.S. equity markets. It empowers investors with a nimble strategy that can potentially enhance overall performance whether volatility is high or low.

Investor Benefits

A tactical long/short equity strategy that responds to market volatility to attempt to extract positive returns in both risk-on and risk-off periods

Seeks to provide the returns of the ProfitScore Regime-Adaptive Long/Short Equity Index, a well-tested equity-based index run by a quantitatively-driven research firm

Provides the easy access of a mutual fund and can diversify a traditional long-only equity allocation

Fund Details

I Shares

Ticker: AXSPX
CUSIP: 46144X552
Inception Date: 9/14/2022
Distribution Frequency: Quarterly
Management Fees: 1.50%
Total Operating Expense: 2.37% 
Net Expense*: 2.05%

*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, fees and expenses associated with instruments in other collective investment vehicles or derivative instruments (including, for example, options and swap fees and expenses) 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 1.99% of the Fund’s average daily net assets through at least 1/31/2025.

Fund News

ProfitScore Regime-Adaptive Long/Short Equity Index (PSRAE) is a highly liquid, systematic trading program managed by ProfitScore Capital Management. It trades S&P 500 Index securities (long and short) and cash equivalents based on whether the market regime for U.S. equities is experiencing low volatility or high volatility.

Risk is inherent in all investing and you could lose money by investing in the Fund. There can be no assurance that the Fund will achieve its investment objectives.

Derivatives Risk: The use of derivatives, including options and swaps, exposes the Fund to leverage, liquidity, valuation, market, counterparty and credit risks. Derivatives transactions can be highly illiquid and difficult to unwind or value, they can increase Fund volatility, and changes in the value of a derivative held by the Fund may not correlate with the value of the underlying instrument or the Fund’s other investments. The Fund may enter into swap transactions. A swap contract is a commitment between two parties to make or receive payments based on agreed upon terms, and whose value and payments are derived by changes in the value of an underlying financial instrument.

Leveraging Risk: Certain Fund transactions, such as entering into futures contracts, options and short sales, may give rise to a form of leverage, which can magnify the effects of changes in the value of the Fund’s investments and make the Fund more volatile.

LIBOR Risk: Many financial instruments, financings or other transactions to which the Fund may be a party use or may use a floating rate based on the London Interbank Offered Rate (“LIBOR”).

Fixed Income Securities Risk: The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to changes in an issuer’s credit rating or market perceptions about the creditworthiness of an issuer.