AXS Alternative Value Fund Investor Class
COGLX
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- AXS Alternative Value Fund Investor Class (COGLX) is a mutual fund that employs a proprietary leveraged low beta methodology to invest primarily in common stocks of companies within the S&P 500 Index whose intrinsic share values have significantly diverged from current market prices; it seeks long-term growth of capital by targeting undervalued U.S. equity securities. The Investor Class shares, with ticker COGLX and CUSIP 46141T240, were incepted on October 3, 2016, alongside Institutional Class shares (COGVX); the fund features annual distributions, a management fee of 0.65%, total operating expenses of 3.32%, and a net expense ratio of 2.68%, subject to a contractual fee waiver limiting net expenses to 1.10% of average daily net assets through January 31, 2025. Subadvised by Quantitative Value Technologies, LLC (dba Cognios Capital LLC), based in Overland Park, Kansas, with portfolio management by Jon Angrist (CEO and CIO) and Brian Machtley (President and COO), the fund operates within the large-value equity segment for institutional and retail investors seeking alternative value strategies with leverage exposure. AXS Investments LLC, the investment adviser headquartered in New York, offers the fund as part of its lineup of innovative mutual funds and ETFs focused on growth, income, and diversification. In a major recent development, AXS Investments acquired the fund—formerly known as Cognios Large Cap Value Fund—from its prior structure around 2020-2021, rebranding it as AXS Alternative Value Fund while retaining Cognios as subadvisor; this acquisition was part of AXS's expansion, bringing its total to 12 funds with approximately $700 million in assets under management as of late 2021. However, the fund was terminated and fully liquidated on September 27, 2024, closing to all new investments and ceasing operations thereafter.