- Business
- AXS Multi-Strategy Alternatives Fund - Investor Class (KCMTX) is an actively managed mutual fund that seeks long-term growth of capital by investing globally across a wide variety of asset classes and strategies, including equities, fixed income, commodities, REITs, currencies, alternatives, bonds, exchange-traded funds (ETFs), options, futures, and swaps; it employs a flexible, dynamic allocation approach with the freedom to invest long or short in companies of all sizes and sectors, as well as leveraging and hedging techniques to manage volatility and market risk while aiming for returns less correlated to overall market directions. The Investor Class shares, with ticker KCMTX and CUSIP 46141T448, carry a management fee of 1.00%, total operating expenses of 2.59%, and net expenses of 1.83% (after waivers effective until January 31, 2025); distributions occur annually. AXS Investments LLC, the fund's investment manager headquartered in Port Chester, New York, launched the Investor Class on August 4, 2008.
The fund operates within the multi-strategy alternatives segment of the investment management industry, targeting investors seeking core alternative exposure through a liquid mutual fund structure available to retail and institutional clients globally via domestic and international securities. It is part of the Investment Managers Series Trust II, with no reported subsidiaries or parent entities beyond the manager.
In a significant operational change, the fund announced its liquidation on or about April 26, 2024, allowing shareholders to redeem shares until the liquidation date, as detailed in the prospectus; this marks the most recent major development, with no subsequent partnerships, acquisitions, funding rounds, new product launches, or strategic expansions identified in available public records as of late 2025. Prior accolades include top rankings in the Morningstar Multistrategy category (1st percentile for 1-, 5-, and 10-year periods as of April 30, 2021) and recognition as the Best Macro Fund in 2021 by BarclayHedge, underscoring its historical performance.