AXS Investments Continues Acquisition Sprint with Time-Tested Alternative Value Fund (COGVX)
Firm augments its alternative funds lineup with top-quartile performer over each of the past 3 years in the $1 Trillion value category
NEW YORK, March 26, 2021 – AXS Investments, a leading alternative investment manager, announced today the acquisition of AXS Alternative Value Fund (COGVX), adding to its family of unique investment funds designed to empower all investors to access proven alternative strategies long favored by institutional and ultra-high net worth investors.
“With greater visibility towards a post-pandemic environment poised for rotation from high growth into more cyclical and defensive stocks, investors are looking for robust, time-tested value investments to better position their portfolios,” said Greg Bassuk, Chairman and CEO of AXS Investments. “The AXS Alternative Value Fund, designed to identify the strongest companies trading at the cheapest prices, provides access to an institutional-style approach to value investing. We are delighted to enhance our growing family of funds with the impressive track record of COGVX.”
While many growth stocks continue to hover around all-time highs, certain value stocks have exceedingly attractive cash generating businesses but remain at low valuations. To identify these companies, the AXS Alternative Value Fund employs a “leveraged low beta” approach that is distinct to traditional value investing. The fund’s consistent performance in the top quartile over each of the last three years in the over $1 trillion value category highlights its resiliency and opportunity to continue to enhance investor portfolios.
The fund invests in S&P 500 companies whose intrinsic share value has diverged significantly from its current market price. COGVX’s investment process is anchored in its proprietary ROTA/ROME® quantitative methodology, which identifies and holds companies with high returns on invested capital that trade at attractive valuations.
The acquisition of AXS Alternative Value Fund comes on the heels of a string of other AXS alternative investment fund acquisitions, including AXS Market Neutral Fund (COGIX), AXS Merger Fund (GAKIX), AXS Thomson Reuters Venture Capital Return Tracker Fund (LDVIX), and AXS All Terrain Opportunity Fund (TERIX), all of which provide investors with greater access to investment exposures long utilized by institutional investors, but only now available to the broader investing public.
About AXS Investments
AXS Investments is a leading alternative investment manager providing a diversified family of alternative and sustainable investments for investors seeking alternative sources of growth, income and diversification. The firm empowers investors to diversify their portfolios with investments previously available only to the largest institutional and high net worth investors. The investor-friendly AXS funds are time-tested, liquid, transparent and managed by high pedigreed portfolio managers with long and strong track records. For more information, visit www.axsinvestments.com.
For standardized fund performance, download the fact sheet. The Gross/Net Expense Ratio for the Institutional Class is 2.62%/1.77% and for the Investor Class is 2.87%/2.02%. 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 do not exceed on an annual basis 0.85% for Class I and 1.10% for Class A of the Fund’s average daily net assets, effective until October 31, 2021.
The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance, please call 833.AXS.ALTS or visit the Fund’s website at www.axsinvestments.com. One cannot invest in an index.
Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. S&P 500 Index (Standard & Poor's 500 Index) is a market-capitalization-weighted index of the 500 largest publicly traded companies in the U.S.
Important Risk Disclosure
There is no assurance that the Fund will achieve its investment objective.
The value of the Fund’s assets will fluctuate as the equity market fluctuates. Different investment styles tend to shift in and out of favor depending upon market and economic conditions, as well as investor sentiment. A fund may outperform or underperform other funds that employ a different investment style, and the stocks selected by the fund manager may not increase in value as predicted. Value investing is subject to the risk that the market will not recognize a security’s inherent value for a long time or at all, or that a stock judged to be undervalued may actually be appropriately priced or overvalued. The prices of foreign securities may be more volatile than the prices of securities of U.S. issuers because of economic and social conditions abroad, political developments and changes in the regulatory environments of foreign countries.
There are risks involved with investing including the possible loss of principal. Past performance does not guarantee future results. Diversification does not ensure profits or prevent losses. Investors should carefully consider the investment objectives, risks, charges and expenses of the fund before investing. To obtain a prospectus containing this and other important information, please click here to view or download a prospectus online. Read the fund’s prospectus carefully before you invest.
Distributed by IMST Distributors, LLC, which is not affiliated with AXS.