ETF Evaluator:
Alexis Practical Tactical ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Tactical Allocation Over the Last Year
| 31.2% | Relative Sentiment Tactical Allc ETF (MOOD) |
| 27.5% | RH Tactical Rotation ETF (RHRX) |
| 25.2% | Cambria Global Momentum ETF (GMOM) |
| 24.3% | STF Tactical Growth ETF (TUG) |
| 23.1% | Alexis Practical Tactical ETF (LEXI) |
Risk
Index
Risk
Index
ETF Details
Alexis Practical Tactical ETF Overview
Alexis Practical Tactical ETF (LEXI) is an actively managed Allocation Tactical Allocation exchange-traded fund (ETF). Alexis Practical Tactical launched the ETF in 2021.
The investment seeks total return primarily through long-term capital appreciation, with income and capital preservation as secondary objectives.
In seeking to achieve its investment objective, the fund has the flexibility to allocate its assets among different markets around the world and various asset classes (e.g., equity, fixed income, commodities (including precious metals), and real estate (including real estate investment trusts (“REITs”))) and strategies, including alternative strategies (e.g., merger arbitrage, convertible bond and options-based strategies).
About Alexis Practical Tactical ETF (LEXI)
There are 2 members of the management team with an average tenure of 5.09 years: Jason Browne (2021) and Alexis Browne Roberts (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 4 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100%, Morningstar Global Mkt Large Mid GR USD index with a weighting of 35%, Bloomberg US Agg Bond TR USD index with a weighting of 30% and S&P 500 (TR) (1970) index with a weighting of 35%. Alexis Practical Tactical ETF has 46 securities in its portfolio. The top 10 holdings constitute 50.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Alexis Practical Tactical ETF is part of the Allocation global asset class and is within the Allocation ETF group. Alexis Practical Tactical ETF has 21.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 58.4% There is 14.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 26.7% (19.4% domestic bond, 7.2% foreign bond and 0.0% convertible bond). Alexis Practical Tactical ETF has 1.9% of the portfolio in cash.
Assets Under Management
The fund has $185 million in total assets, which is above the $144 million average for the Tactical Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
LEXI Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Alexis Practical Tactical ETF expense ratio is high compared to funds in the Tactical Allocation category. Alexis Practical Tactical ETF has an expense ratio of 1.00%, which is 3% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Alexis Practical Tactical ETF has a portfolio turnover rate of 43%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 261% for the Tactical Allocation category.
Recently, in the month of July 2026, Alexis Practical Tactical ETF returned -1.6%, which earned it a grade of D, as the Tactical Allocation category had an average return of -1.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Alexis Practical Tactical ETF has a trailing yield of 0.84%, which is below the 2.15% category average.
The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Alexis Practical Tactical ETF Grades
Year to date, the ETF has returned 12.5%, 5.0 percentage points better than the category, which translates into a grade of A. The fund has returned 23.1% over the past year (grade of A), 18.1% over the past three years (grade of A) and 10.9% per year over the past five years (grade of A).
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Alexis Practical Tactical ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
LEXI Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| LEXI Return (NAV) | -1.6% | 4.4% | 23.1% | 18.1% | 10.9% | na |
| LEXI Return (Price) | -1.4% | 4.5% | 23.4% | 18.2% | 11.0% | na |
| NAV +/- Price Return | -0.158% | -0.149% | -0.263% | -0.129% | -0.051% | na |
| Tactical Allocation Avg | -1.4% | 1.6% | 15.9% | 10.6% | 5.4% | 7.4% |
| LEXI Grade (NAV) | D | A | A | A | A | na |
| +/- Category (NAV) | -0.2% | 2.8% | 7.2% | 7.5% | 5.5% | na |
| LEXI Tax-Cost Ratio | na | na | 0.4% | 0.7% | 0.5% | na |
LEXI Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| LEXI Return (NAV) | 12.5% | 19.1% | 17.8% | 16.6% | -14.4% | na | na | na | na | na | na |
| LEXI Return (Price) | 12.6% | 19.2% | 17.8% | 16.6% | -14.4% | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.013% | 0.005% | 0.002% | -0.002% | -0.001% | na | na | na | na | na | na |
| Tactical Allocation Avg | 7.5% | 12.7% | 11.7% | 10.7% | -13.3% | 16.9% | 7.5% | 14.0% | -6.3% | 19.2% | 7.1% |
| LEXI Grade (NAV) | A | A | B | A | C | na | na | na | na | na | na |
| +/- Category | 5.0% | 6.4% | 6.1% | 5.9% | -1.1% | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.11 |
| R-Squared: | 85% |
| Standard Deviation: | 11.3% |
| Category Risk Index: | 0.96 |
| Category Risk Rating: | Average |
| Total Risk Index: | 0.92 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 0.8% |
| Total Assets: | $ 185 Mil |
| Share Class Assets: | $ 185 Mil |
| Turnover: | 43.0% |
| Expense Ratio: | 1.00% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 5.1 years | |||
| Average Tenure: 5.1 years | |||
| Managers (Year): Browne Jason (2021), Browne Roberts Alexis (2021) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 46 |
| % in Top 10 Holdings: | 50.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 21.5% |
Portfolio Allocation |
|
| Domestic Stock: | 58.4% |
| Foreign Stock: | 14.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 19.4% |
| Foreign Bond: | 7.2% |
| Convertible Bond: | 0.0% |
| Other: | -1.2% |
| Cash: | 1.9% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Alexis Practical Tactical |
| Phone Number: | 866-539-4383 |
| Website: | |
| Inception Date: | June 30, 2021 |
Expenses and Fees
| Expense Ratio (%): | 1.00% (Rating: High) |
| Category Average Expense Ratio (%): | 0.97% |
