NXTE

AXS Green Alpha ETF

$38.29

+0.00%

Market closed. Last update: 12:26 PM ET

📎 Investment Objective

The AXS Green Alpha ETF (NXTE) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the Green Alpha Next Economy Index.

Overview

ETF tracking AXS Green Alpha ETF

Category ESG

Issuer Other

Inception Date 2022-09-29

Market Cap $42.1M

Average Volume N/A

Dividend Yield 0.35%

52-Week Range $25.91 - $41.04

VWAP $37.75

Performance

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Investment Summary

📎 Investment Objective

The AXS Green Alpha ETF (NXTE) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the Green Alpha Next Economy Index.

🎯 Investment Strategy

The ETF invests primarily in equity securities of companies that are focused on providing solutions to sustainability and environmental challenges. The fund's portfolio is actively managed and aims to identify companies that are positioned to benefit from the transition to a more sustainable economy.

✨ Key Features

Focuses on companies involved in renewable energy, clean technology, sustainable agriculture, and other environmentally-focused industries
Actively managed portfolio with the goal of outperforming the broader green/sustainable equity market
Low expense ratio of 0.00%
Very small asset base of $0 as of the latest reporting period

⚠️ Primary Risks

Concentration risk as the fund is focused on a specific sector of the market
Potential for higher volatility compared to broader market indices
Reliance on the fund manager's ability to identify promising green/sustainable companies
Limited performance history and asset base, making it difficult to assess long-term viability

👤 Best For

The AXS Green Alpha ETF may be suitable for investors seeking exposure to companies involved in the transition to a more sustainable economy, with a higher risk tolerance and a long-term investment horizon. However, the fund's very small asset base and limited performance history make it a higher-risk, speculative investment option.