Fund Evaluator:
AXS Tactical Income I (TINIX)
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Fund Details
AXS Tactical Income I Overview
AXS Tactical Income I (TINIX) is an actively managed Taxable Bond Nontraditional Bond fund. AXS launched the fund in 2018.
The investment seeks to generate income, with capital preservation as a secondary objective. Under normal market conditions, the fund seeks to achieve its investment objective by investing in income-oriented exchange traded funds ("ETFs") that invest in (i) bonds, bank loans, floating rate bonds and debt and municipal debt issued by domestic, foreign and emerging market issuers; (ii) obligations issued or guaranteed by the United States government, its agencies or instrumentalities, including U.S. treasuries (with an average duration of 1-20 years); and (iii) cash and cash equivalents. It may also invest in these types of securities directly.
About AXS Tactical Income I (TINIX)
There are 2 members of the management team with an average tenure of 4.88 years: Travis Trampe (2024), Parker Binion (2018). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. AXS Tactical Income I has 13 securities in its portfolio. The top 10 holdings constitute 97.8% 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 Tactical Income I is part of the Fixed Income global asset class and is within the Taxable Bond fund group. AXS Tactical Income I has 8.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 8.7%. There is 0.0% allocated to foreign stock, and 0.9% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 64.9% (56.8% domestic bond, 8.1% foreign bond and 6.9% convertible bond). AXS Tactical Income I has 39.7% of the portfolio in cash.
Assets Under Management
The fund has $31 million in total assets, which is below the $663 million average for the Nontraditional Bond 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.
TINIX 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 Tactical Income I expense ratio is high compared to funds in the Nontraditional Bond category. AXS Tactical Income I has an expense ratio of 1.91%, which is 35% 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. AXS Tactical Income I has a portfolio turnover rate of 216%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 304% for the Nontraditional Bond category.
Recently, in the month of July 2026, AXS Tactical Income I returned -0.5%, which earned it a grade of D, as the Nontraditional Bond category had an average return of -0.2%. 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 Tactical Income I has a trailing yield of 3.47%, which is below the 4.94% category average. The fund normally distributes its income monthly.
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 Tactical Income I Grades
Year to date, the fund has returned 1.7%, 0.5 percentage points better than the category, which translates into a grade of B. The fund has returned 3.3% over the past year (grade of D), 3.8% over the past three years (grade of F) and 0.4% per year over the past five years (grade of F).
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TINIX 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 |
|
| TINIX Return (NAV) | -0.5% | 0.1% | 3.3% | 3.8% | 0.4% | na |
| TINIX Grade | D | D | D | F | F | na |
| +/- Category | -0.2% | -0.3% | -1.1% | -1.8% | -2.1% | na |
| Nontraditional Bond Avg | -0.2% | 0.4% | 4.4% | 5.6% | 2.5% | 3.1% |
| TINIX Tax Cost Ratio | na | na | 1.4% | 1.7% | 1.6% | na |
TINIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TINIX Return (NAV) | 1.7% | 4.3% | 4.3% | 2.6% | -7.7% | -0.4% | 7.3% | 5.3% | na | na | na |
| TINIX Grade | B | D | F | F | D | D | B | D | na | na | na |
| +/- Category | 0.5% | -2.6% | -1.2% | -3.9% | -1.6% | -1.7% | 1.8% | -1.2% | na | na | na |
| Nontraditional Bond Avg | 1.2% | 6.8% | 5.4% | 6.5% | -6.1% | 1.3% | 5.4% | 6.5% | -0.8% | 4.1% | 6.4% |
| Risk Measures | |
| Standard Deviation: | 3.1% |
| Total Risk Index: | 0.25 - Low |
| Category Risk Index: | 0.86 - Average |
| Category Risk Grade: | C (48% Rank) |
| Beta: | 0.44 |
| R-Squared: | 66% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Value |
| Bond Investment Style: | Medium Quality Limited Sensitivity |
| Yield: | 3.5% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | |
| Total Assets: | $31 Mil |
| Fund Total Assets: | $ 31 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 216% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 7.6 years | |||
| Average Tenure: 4.9 years | |||
| Managers (Year): Binion Parker (2018), Trampe Travis (2024) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 13 |
| % in Top 10 Holdings: | 97.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 8.1% |
Portfolio Allocation |
|
| Domestic Stock: | 8.7% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.9% |
| Domestic Bond: | 56.8% |
| Foreign Bond: | 8.1% |
| Convertible Bond: | 6.9% |
| Other: | -21.0% |
| Cash: | 39.7% |
Purchase Information
| Fund Family: | AXS |
| Phone Number: | 833-297-2587 |
| Website: |
| Status: | Open |
| Inception Date: | December 31, 2018 |
| 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 (%): | 1.91% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.42% |
| Share Class: | AXS Tactical Income I |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
