Fund Evaluator:
AXS Dynamic Opportunity I (ADOIX)
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Best Performing in Equity Hedged Over the Last Year
| 13.7% | Fidelity Advisor Hedged Equity Z (FEQZX) |
| 13.7% | Parametric Volatil Risk Prm-Defensv I (EIVPX) |
| 13.0% | T. Rowe Price Hedged Equity Z (PZHEX) |
| 11.8% | Horizon Defined Risk Investor (HNDRX) |
| 11.7% | MAI Managed Volatility Investor (DIVPX) |
Fund Details
AXS Dynamic Opportunity I Overview
AXS Dynamic Opportunity I (ADOIX) is an actively managed Nontraditional Equity Equity Hedged fund. AXS launched the fund in 2015.
The investment seeks long-term capital appreciation with a short-term focus on capital preservation. Under normal market conditions, the fund seeks to achieve its investment objective by investing in domestic and foreign (including emerging markets) equity securities of any market capitalization. It may also take long or short positions in index exchange traded funds ("ETFs") to hedge the fund's equity portfolio. The fund's adviser selects equity securities for the fund that are experiencing meaningful breakouts.
About AXS Dynamic Opportunity I (ADOIX)
There are 2 members of the management team with an average tenure of 6.94 years: Travis Trampe (2024), Parker Binion (2015). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Wilshire Liq Alt Global Macro TR USD index with a weighting of 100%. AXS Dynamic Opportunity I has 41 securities in its portfolio. The top 10 holdings constitute 63.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
AXS Dynamic Opportunity I is part of the Equity global asset class and is within the Nontraditional Equity fund group. AXS Dynamic Opportunity I has 3.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 69.8%. There is 3.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). AXS Dynamic Opportunity I has 15.4% of the portfolio in cash.
Assets Under Management
The fund has $60 million in total assets, which is below the $433 million average for the Equity Hedged 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.
ADOIX 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 AXS Dynamic Opportunity I expense ratio is high compared to funds in the Equity Hedged category. AXS Dynamic Opportunity I has an expense ratio of 2.08%, which is 50% higher than its category average, making the fund expense ratio grade a F. 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. AXS Dynamic Opportunity I has a portfolio turnover rate of 26%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 71% for the Equity Hedged category.
Recently, in the month of August 2026, AXS Dynamic Opportunity I returned 4.6%, which earned it a grade of A, as the Equity Hedged 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 funds in that category.
AXS Dynamic Opportunity I has a trailing yield of 0.31%, which is below the 0.95% category average. The fund normally distributes its income annually and its capital gains 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.
AXS Dynamic Opportunity I Grades
Year to date, the fund has returned 11.1%, 4.2 percentage points better than the category, which translates into a grade of A. The fund has returned 14.6% over the past year (grade of A), 15.1% over the past three years (grade of A) and 5.2% per year over the past five years (grade of D) and 7.0% per year over the past 10 years (grade of C).
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ADOIX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ADOIX Return (NAV) | 4.6% | -1.3% | 14.6% | 15.1% | 5.2% | 7.0% |
| ADOIX Grade | A | F | A | A | D | C |
| +/- Category | 3.2% | -2.2% | 3.9% | 4.4% | -0.8% | 0.2% |
| Equity Hedged Avg | 1.4% | 0.9% | 10.7% | 10.7% | 6.0% | 6.8% |
| ADOIX Tax Cost Ratio | na | na | 1.0% | 2.4% | 1.9% | 1.1% |
ADOIX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ADOIX Return (NAV) | 11.1% | 10.0% | 20.6% | 6.7% | -12.8% | 0.9% | 22.5% | 2.4% | -1.0% | 17.9% | -4.7% |
| ADOIX Grade | A | C | A | D | D | F | A | F | B | A | F |
| +/- Category | 4.2% | 0.6% | 8.3% | -5.6% | -3.0% | -10.5% | 11.6% | -11.9% | 1.9% | 8.9% | -9.1% |
| Equity Hedged Avg | 6.9% | 9.5% | 12.3% | 12.4% | -9.8% | 11.4% | 10.9% | 14.3% | -2.8% | 8.9% | 4.5% |
| Risk Measures | |
| Standard Deviation: | 12.9% |
| Total Risk Index: | 1.06 - Above Average |
| Category Risk Index: | 1.63 - High |
| Category Risk Grade: | F (98% Rank) |
| Beta: | 0.80 |
| R-Squared: | 64% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.3% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $60 Mil |
| Fund Total Assets: | $ 61 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 26% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 11.6 years | |||
| Average Tenure: 6.9 years | |||
| Managers (Year): Binion Parker (2015), Trampe Travis (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 41 |
| % in Top 10 Holdings: | 63.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 3.7% |
Portfolio Allocation |
|
| Domestic Stock: | 69.8% |
| Foreign Stock: | 3.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 11.1% |
| Cash: | 15.4% |
Purchase Information
| Fund Family: | AXS |
| Phone Number: | 833-297-2587 |
| Website: |
| Status: | Open |
| Inception Date: | January 20, 2015 |
| Min. Initial Purchase: | $5,000 |
| Min. Initial IRA Purchase: | $5,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 1.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 2.08% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.38% |
| Share Class: | AXS Dynamic Opportunity I |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
