AXS FTSE Venture Capital Return Tracker Fund Class I Shares (LDVIX)

Overview

The described fund is a financial vehicle designed to offer investors exposure to the performance of U.S. venture capital-backed companies after they become publicly listed. By allocating at least 80% of its net assets, in addition to any borrowings for investment purposes, to publicly listed assets included in its underlying index, the fund seeks to replicate the aggregate gross performance of its target market. Unlike traditional venture capital investments, it does not directly invest in venture capital funds or start-up companies, focusing instead on bringing the dynamic growth potential of venture capital investments to a broader public market audience.

Products and Services

The fund primarily offers one core financial product structured around the unique strategy of replicating the performance of venture capital-backed companies through publicly listed assets. Below is a detailed look at their service:

• Index Replicating Investment Fund: This product is designed to mirror the performance of the underlying index that tracks U.S. venture capital-backed companies after they have been publicly listed. The fund's investment strategy is to invest in publicly listed assets that are part of this index, which aims to provide investors with the growth dynamics of venture capital-backed companies without the high barrier to entry typically associated with direct venture capital investments. This approach allows investors to gain exposure to a segment of the market that includes recently public companies potentially poised for significant growth, reflecting the innovative and disruptive nature of venture-backed businesses. The fund's commitment to invest at least 80% of its net assets in these listed assets highlights its focused approach, while the decision not to invest in venture capital funds or start-ups directly mitigates some of the risks associated with early-stage investments.