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Trending ETFs

Name

As of 04/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$15.39

$62.9 M

6.77%

$1.05

2.95%

Vitals

YTD Return

-0.6%

1 yr return

20.1%

3 Yr Avg Return

1.4%

5 Yr Avg Return

0.1%

Net Assets

$62.9 M

Holdings in Top 10

32.9%

52 WEEK LOW AND HIGH

$15.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.95%

SALES FEES

Front Load 5.00%

Deferred Load N/A

TRADING FEES

Turnover 149.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$5,000

IRA

$5,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 04/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$15.39

$62.9 M

6.77%

$1.05

2.95%

OIOAX - Profile

Distributions

  • YTD Total Return -0.6%
  • 3 Yr Annualized Total Return 1.4%
  • 5 Yr Annualized Total Return 0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.76%
DIVIDENDS
  • Dividend Yield 6.8%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    AXS Income Opportunities Fund
  • Fund Family Name
    INVESTMENT MANAGERS SERIES TRUST II
  • Inception Date
    Jun 28, 2013
  • Shares Outstanding
    288994
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ian Goltra

Fund Description

Under normal market conditions, the Fund seeks to achieve its investment objectives by investing in U.S. and non-U.S. securities and investment instruments including, but not limited to, equity securities, debt securities, and derivatives. The Fund’s allocation to these various security types and asset classes will vary over time in response to changing market opportunities with the goal of maximizing current income. The Fund may invest without limit in foreign securities, and up to 50% of the Fund’s net assets may be invested in the securities of issuers located in emerging markets.

Emerging markets are those countries that are considered to be emerging markets or developing economies by the World Bank or the International Finance Corporation or are included in any of Morgan Stanley Capital International (MSCI) emerging market indices.

The Fund may invest without limit in equity securities of issuers of any market capitalization, and the Fund will generally invest in the equity securities of real estate investment trusts (“REITs”) and registered investment companies, including exchange-traded funds (“ETFs”). The Fund may also invest in the equity securities of master limited partnerships (“MLPs”). The types of equity securities in which the Fund will generally invest include common stock, preferred stock, rights, warrants, and depositary receipts. The Fund’s investments in depositary receipts may include American Depositary Receipts (“ADRs”), European Depositary Receipts (“EDRs”) and Global Depositary Receipts (“GDRs”). The Fund generally invests in dividend paying stocks. The Fund may invest up to 25% of its net assets in initial public offerings (“IPOs”).

The Fund generally invests at least 50% of its net assets in REITs. As a result of its investments in REITs, the Fund is concentrated in the real estate industry.

The Fund may invest without limit in debt securities, provided that no more than 30% of its net assets are invested in debt securities rated below investment grade (known as “junk bonds”). The types of debt securities in which the Fund may invest generally include instruments and obligations of U.S. and non-U.S. corporate and other non-governmental entities, those of U.S. and non-U.S. governmental entities, mortgage-related or mortgage-backed securities (including

“sub-prime” mortgages), asset-backed securities, exchange-traded notes (“ETNs”), floating rate loans, convertible securities, inflation-linked debt securities and subordinated debt securities. The Fund invests in debt securities of any duration and with a broad range of maturities, and the Fund’s investments may have fixed or variable principal payments.

The Fund may also invest in “Rule 144A” securities, which are privately placed, restricted securities that may only be resold under certain circumstances to other qualified institutional buyers.

The Fund may invest up to 85% of its net assets in derivatives, including options, futures (such as bond, index, interest rate and currency futures, but excluding commodities futures) and swaps (such as credit-default swaps, interest rate swaps and total return swaps). These derivative instruments may be used for investment purposes; to modify or hedge the Fund’s exposure to a particular investment or market related risk; to manage the volatility of the Fund; to hedge against adverse changes in the market price of securities, interest rates or currency exchange rates; and as a substitute for purchasing or selling securities.

The Fund may utilize leverage (by borrowing against a line of credit for investment purposes) equal to up to one-third of the value of its assets as part of the portfolio management process. The Fund may also sell securities short with respect to 100% of its net assets and may lend its portfolio securities to generate additional income. A short sale is the sale by the Fund of a security that it does not own in anticipation of purchasing the same security in the future at a lower price to close the short position.

From time to time, the Fund may have a significant portion of its assets in one or more market sectors. In pursuing its investment objectives, the Fund may engage in frequent trading.

The Advisor may sell all or a portion of a position in the Fund’s portfolio when, in its opinion, one or more of the following occurs, among other reasons: (1) the security or instrument has achieved its investment expectations; (2) the Advisor identifies more attractive investment opportunities for the Fund; or (3) the Fund requires cash to meet redemption requests.

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OIOAX - Performance

Return Ranking - Trailing

Period OIOAX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.6% -2.2% 5.1% 94.87%
1 Yr 20.1% 4.4% 20.4% 3.85%
3 Yr 1.4%* -8.4% 6.9% 6.94%
5 Yr 0.1%* -5.2% 5.4% 78.79%
10 Yr 1.6%* 0.9% 4.7% 82.22%

* Annualized

Return Ranking - Calendar

Period OIOAX Return Category Return Low Category Return High Rank in Category (%)
2023 12.6% -3.6% 14.2% 5.13%
2022 -26.0% -29.4% -9.6% 95.83%
2021 14.0% -3.4% 17.2% 4.17%
2020 -24.4% -24.8% 9.0% 97.10%
2019 13.3% 6.4% 19.1% 26.15%

Total Return Ranking - Trailing

Period OIOAX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.6% -2.2% 5.1% 94.87%
1 Yr 20.1% 4.4% 20.4% 3.85%
3 Yr 1.4%* -8.4% 6.9% 6.94%
5 Yr 0.1%* -5.2% 5.4% 78.79%
10 Yr 1.6%* 0.9% 4.7% 82.22%

* Annualized

Total Return Ranking - Calendar

Period OIOAX Return Category Return Low Category Return High Rank in Category (%)
2023 21.3% -1.9% 26.5% 3.85%
2022 -20.6% -26.0% -5.8% 77.78%
2021 21.1% -2.5% 27.4% 4.17%
2020 -18.3% -19.2% 12.3% 97.10%
2019 20.9% 10.0% 32.0% 13.85%

NAV & Total Return History


OIOAX - Holdings

Concentration Analysis

OIOAX Category Low Category High OIOAX % Rank
Net Assets 62.9 M 24.1 M 14.5 B 97.44%
Number of Holdings 73 45 450 89.74%
Net Assets in Top 10 21.8 M 7.69 M 1.65 B 96.15%
Weighting of Top 10 32.94% 12.1% 48.1% 12.82%

Top 10 Holdings

  1. RLJ Lodging Trust 5.42%
  2. AGNC Investment Corp. 4.35%
  3. Armada Hoffler Properties, Inc. 3.62%
  4. Summit Hotel Properties, Inc. 3.42%
  5. KKR Real Estate Finance Trust, Inc. 3.33%
  6. Annaly Capital Management, Inc. 2.83%
  7. EPR Properties 2.57%
  8. DigitalBridge Group, Inc. 2.53%
  9. DiamondRock Hospitality Co. 2.45%
  10. Pebblebrook Hotel Trust 2.41%

Asset Allocation

Weighting Return Low Return High OIOAX % Rank
Preferred Stocks
89.14% 0.00% 125.53% 17.95%
Cash
0.99% -0.02% 10.76% 80.77%
Convertible Bonds
0.16% 0.00% 31.65% 80.00%
Stocks
0.00% 0.00% 28.30% 82.05%
Other
0.00% -4.48% 12.19% 70.51%
Bonds
0.00% 0.00% 98.46% 96.15%

OIOAX - Expenses

Operational Fees

OIOAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.95% 0.05% 4.46% 3.90%
Management Fee 1.00% 0.00% 1.00% 98.72%
12b-1 Fee 0.25% 0.00% 1.00% 48.48%
Administrative Fee N/A 0.01% 0.55% N/A

Sales Fees

OIOAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.00% 2.00% 5.75% 20.00%
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

OIOAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

OIOAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 149.00% 12.00% 199.00% 97.06%

OIOAX - Distributions

Dividend Yield Analysis

OIOAX Category Low Category High OIOAX % Rank
Dividend Yield 6.77% 0.00% 9.62% 10.26%

Dividend Distribution Analysis

OIOAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Monthly Monthly

Net Income Ratio Analysis

OIOAX Category Low Category High OIOAX % Rank
Net Income Ratio 1.76% 0.88% 7.54% 95.95%

Capital Gain Distribution Analysis

OIOAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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OIOAX - Fund Manager Analysis

Managers

Ian Goltra


Start Date

Tenure

Tenure Rank

Sep 01, 2016

5.75

5.8%

Ian Goltra is a Portfolio Manager of Orinda Asset Management LLC. From March 2010 to July 2016, Mr. Goltra served as a portfolio manager at Salient Partners (formerly, Forward Management LLC) after joining the company as a Senior Analyst in June 2009. From May 1998 to June 2009, Mr. Goltra was Senior Analyst and Senior Vice President of Kensington Investment Group, Inc., and he became a Senior Vice President of Kensington in 2004, focusing on the public real estate sector. From 1993 to 1998, Mr. Goltra was Senior Financial Analyst and Western Americas Vice President at Textainer Equipment Management. From 1991 to 1993, Mr. Goltra was Senior Financial Analyst for Meridian Point Properties, and from 1987 to 1990, he was an Analyst at Liquidity Fund Investment Corporation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 30.32 7.8 11.42