AXS Thomson Reuters Venture Capital Return Tracker Fund
LDVAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Investment Managers Series Trust II DE United States of America
- IPO Date
- Oct 1, 2014
- CIK
- 0001587982
- Website
- axsinvestments.com
- Similar Companies
- Business
- AXS FTSE Venture Capital Return Tracker Fund (LDVAX) is a mutual fund that seeks to provide investment results corresponding generally to the price performance of the FTSE Venture Capital Index (TRVCI), which tracks the aggregate gross performance of U.S. venture capital-backed companies through a portfolio of publicly listed assets. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in the component securities of the underlying index, including publicly traded stocks, exchange-traded funds (ETFs), exchange-traded notes (ETNs), and derivatives such as swaps; it does not invest directly in venture capital funds or private startup companies. Class A shares trade under the ticker LDVAX with a net expense ratio of 1.75%, a maximum front-end load of 5.75%, and a minimum initial investment of $2,500; complementary Class I (LDVIX, net expense 1.50%) and Class C (LDVCX, net expense 2.50%) shares are also available. The fund offers diversified exposure to venture capital-style returns with daily liquidity and pricing transparency, targeting investors seeking growth potential from sectors like technology (46.75% allocation), communication services (18.16%), and financial services (13.36%), including top holdings such as Oracle Corp., Palantir Technologies Inc., Alphabet Inc., Microsoft Corp., and Meta Platforms Inc. Originally launched on October 1, 2014, by Leland Funds Trust as the Leland Thomson Reuters Venture Capital Index Fund and headquartered in the United States under AXS Investments LLC, the fund rebranded to its current name under AXS management. It operates primarily in U.S. markets, with total net assets of approximately $102 million as of recent reports, and features an annual distribution frequency alongside a portfolio turnover rate of around 29%. In recent developments, the fund's investment advisor, AXS Investments LLC, contractually agreed to cap total annual operating expenses through January 31, 2026, at 1.75% for Class A shares to enhance cost efficiency for investors. Management saw portfolio leadership transitions with Parker Binion starting January 7, 2022, and Travis Trampe joining November 30, 2022, amid the broader AXS Investments expansion into alternative strategies and ETFs. As of late 2025, the fund maintains its focus on large-growth equities without reported acquisitions, partnerships, or new product launches specific to this vehicle, continuing to deliver strong performance with a one-year return of approximately 30% as of mid-2025.