WUGI provides investors with first-of-its-kind exposure to
next generation or "NextG" technologies and high growth potential
of companies driving the digital economy
NEW
YORK, April 4, 2023 /PRNewswire/ -- AXS
Investments, a leading asset manager providing access to
alternative investments for
growth, income and diversification, marked the
3-year anniversary of the launch of
the AXS Esoterica NextG Economy ETF (WUGI) on
March 31, with an annualized return
of 15.63% since inception. In the first quarter of 2023, WUGI
returned 24.22%.
WUGI ETF invests in companies associated with "NextG"
technologies that are advancing and transforming the global digital
economy. The ETF focuses on fifth generation ("5G") digital
cellular network technology – including semiconductors, edge
computing, cloud-native software and enabling technologies – as
well as ever-evolving technologies such as the growing AI
ecosystem. The ETF provides broad exposure to equities of US and
non-US companies of any market capitalization. WUGI's experienced
analysts and portfolio managers select high-conviction investments
they believe are attractively valued and well-positioned to benefit
from adopting NextG technology.
"Following the market turmoil over the last 12 months, investors
continue to look for exposures representing potential profits.
WUGI's strong performance underscores the market's view of the
companies creating or enabled by NextG technologies," said
Greg Bassuk,
Chief Executive Officer
of AXS Investments. "We're thrilled that the WUGI
ETF continues to deliver for investors."
Additional information on the WUGI ETF can be found here.
# # #
Performance as of 3/31/2023
|
YTD
|
1 YR
|
SINCE
INCEPTION
|
NAV
|
24.22 %
|
-23.53 %
|
15.63 %
|
Market Price
|
24.19 %
|
-23.61 %
|
15.49 %
|
Fund inception date is 3/31/20.
The performance data quoted represents past performance and is
no guarantee of future results. Investment return and principal
value of an investment will fluctuate so that an investor's shares,
when redeemed, may be worth more or less than their original cost.
Current performance may be lower or higher than the performance
data quoted. For the most recent month-end performance, please call
833.AXS.ALTS or visit the Fund's website at www.axsinvestments.com.
The Fund adopted the performance of the Predecessor Fund following
the Reorganization of the Predecessor Fund which occurred on
December 16, 2022. The Predecessor
Fund has substantially similar investment objectives, strategies
and policies, portfolio management team and contractual
arrangements, including the same contractual fees and expenses, as
the Fund as of the date of the Reorganization. The quoted
performance data includes the performance of the Prior Account for
periods before the fund's registration became effective.
About AXS Investments
AXS Investments is a leading
alternative investment manager providing a diversified family of
alternative investments for growth, income and diversification. The
firm empowers investors to diversify their portfolios with
investments previously available only to the largest institutional
and high net worth investors. The investor-friendly AXS funds are
time-tested, liquid,
transparent and managed by high pedigreed portfolio managers with long and strong track records. For more information, visit
www.axsinvestments.com.
IMPORTANT RISK INFORMATION
You could lose money by investing in the Fund. There can be no
assurance that the Fund's investment objectives will be
achieved.
Market and Equity Risk: The market price of an equity security
may decline due to market conditions not specifically related to a
particular company, such as real or perceived adverse economic or
political conditions, or factors that affect a particular industry.
5G and Emerging Technologies Investment Risk: The revenues of the
companies held by the Fund are generally expected to be
significantly tied to 5G technologies, and the extent of the
technologies' versatility has not yet been fully explored.
Currently, there are few public companies for which 5G technologies
represent significant revenue, and such technologies may not
ultimately have a material effect on the economic returns of
companies in which the Fund invests. Active Management Risk: The
Fund is actively managed and there is no guarantee that the Fund's
investment views will produce the desired results, which may cause
the Fund to underperform its benchmark index. Concentration Risk:
To the extent the Fund's investments are concentrated in a
particular group of industries, including computer software,
Internet and semiconductors, the Fund may be susceptible to loss
due to adverse occurrences affecting that industry or group of
industries. Foreign Risk: The prices of foreign securities may be
more volatile than the prices of securities of U.S. issuers because
of economic and social conditions abroad, political developments,
and changes in the regulatory environments of foreign countries.
Non-Diversification Risk: Although the Fund intends to invest in a
variety of securities and instruments, the Fund is considered to be
non-diversified, which means it may invest more of its assets in
the securities of a single issuer or smaller number of issuers than
if it were diversified.
Shares of ETFs are bought and sold at market price (not NAV) and
are not individually redeemed from the ETF. Brokerage commissions
will reduce returns. NAVs are calculated using prices as of
4:00 PM Eastern Time. The closing
price is the midpoint between the bid and ask price as of the close
of exchange. Closing price returns do not represent the returns you
would receive if you traded shares at other times.
Investors should carefully consider the investment
objectives, risks, charges and expenses of any fund before
investing. To obtain a prospectus containing this and other
important information, please click
here to view or download a prospectus
online. Read the fund's prospectus
carefully before you invest.
Distributed by ALPS Distributors, Inc, which is not affiliated with AXS
Investments.
AXI000182
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SOURCE AXS Investments