The AXS Brendan Wood TopGun Index ETF (TGN) seeks to track the performance, before fees and expenses, of the Brendan Wood TopGun Index. It is the only ETF available that holds a portfolio of the public stocks of companies that meet Brendan Wood International's highest standards for quality.
Holds approximately 25 of the highest rated large and mid cap companies that comprise the Brendan Wood TopGun Index.
A core equity fund providing potential growth through companies chosen for excellence in business strategy, performance, management, governance, sector demand and more.
Access to the proprietary investment selection process developed by Brendan Wood based on up to 2,000 in-depth interviews with institutional investment professionals.
Inception Date: 11/8/2022
Distribution Frequency: Annual
Total Annual Operating Expense: 0.98%
Frequently Asked Questions
Who is Brendan Wood International?
Brendan Wood International (BWI) was founded in 1970 and is a private partnership generating independent performance audits throughout the world. Relying on real-time intelligence, the firm advises public companies, institutional and activist investors, investment banks and broker dealers on strategy, performance and recruitment of TopGun talent. For more information, visit www.brendanwood.com.
What is the Brendan Wood TopGun Index?
The index represents the stocks of approximately 25 companies identified by BWI as having the highest investment quality according to its proprietary rating system. It was developed in 2010.
How are companies chosen for the TopGun Index?
BWI starts with approximately 1,400 companies composing the Brendan Wood Shareholder Conviction Universe, which includes liquid large and mid-cap companies that trade on a U.S. national exchange.
BWI conducts up to 2,000 interviews with institutional investment professionals throughout the year to assess companies based on a number of quality factors, including: business strategy, long-term and short-term performance, executive and senior management, governance (including the company’s environmental, social and governance (“ESG”) practices), reporting and disclosure, balance sheet, commitment to own, and momentum and price appreciation.
BWI looks at the following sectors: financials, mining, real estate, generalist, energy, industrials, healthcare, technology media and telecom (“TMT”), and consumer.
BWI then rates and ranks the companies based on quality factor and the demand characteristics of their sectors. Then, it algorithmically identifies the top ranking companies - approximately 25 "TopGun" companies - for inclusion in the Brendan Wood TopGun Index.
Each January, the Index is rebalanced equally among its portfolio companies. For more on the construction of the TopGun index , see www.brendanwoodindex.com.
What does the AXS Brendan Wood TopGun Index ETF invest in?
The AXS Brendan Wood TopGun ETF (TGN) is an exchange traded fund that employs a passive “replication” strategy to achieve its investment objective of tracking the performance of the Brendan Wood TopGun Index. It invests in all of the component securities of the Index in approximately the same proportion as in the Index.
What is the ticker for AXS Brendan Wood TopGun Index ETF?
When was the fund's inception?
TGN's inception date was November 8, 2022. The Index has been in existence since 2010.
Important Risk Information
You could lose money by investing in the Fund. There can be no assurance that the Fund’s investment objectives will be achieved.
The Fund is subject to the following risks. 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 Fund participate, or factors relating to specific companies in which the Fund invests. Sector Focus Risk: While the Fund’s sector exposure is expected to vary over time based on the composition of the Index, it may invest a significant portion of its assets in one or more sectors and thus will be more susceptible to the risks affecting those sectors. Passive Investment Risk: The Fund is not actively managed and invests in securities included in or representative of the Index regardless of investment merit. The Fund generally will not attempt to take defensive positions in declining markets. Index Provider Risk: There is no assurance that Brendan Wood, the Fund’s index provider, will compile or maintain the Index accurately. Tracking Error Risk: The performance of the Fund and the Index may differ from each other. For example, the Fund may not be fully invested in the securities of the Index at all times and may incur operating expenses and transaction costs not incurred by the Index.
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. Brokerage commissions will reduce returns. NAVs are calculated using prices as of 4:00 PM Eastern Time. The closing price is the midpoint between the bid and ask price as of the close of exchange. Closing price returns do not represent the returns you would receive if you traded shares at other times.