Alexis Practical Tactical ETF (LEXI)

Alexis Practical Tactical ETF Summary

Profile

Alexis Practical Tactical ETF (APR) is an actively managed ETF that takes a tactical approach to asset allocation. It invests in a diversified portfolio of U.S. and international equities, fixed income, and alternative assets, with the goal of maximizing risk-adjusted returns across various market conditions. The ETF uses a proprietary algorithm to determine the optimal asset allocation, adjusting its holdings based on market trends and volatility.

Objective

The primary investment goal of APR is to achieve capital appreciation and income through a combination of tactical asset allocation and diversification. The ETF aims to outperform the S&P 500 Index over the long term, while managing risk and volatility.

Issuer

APR is issued by Alexis Investment Management, a privately held investment firm founded in 2005. Alexis has a strong reputation in the industry, with a focus on active management and quantitative analysis. The firm's management team has extensive experience in portfolio management and financial markets.

Market Share and Total Net Assets

APR has a market share of approximately 0.05% in the tactical allocation ETF category. As of November 1st, 2023, the ETF has total net assets of $450 million.

Moat

APR's competitive advantage lies in its proprietary algorithm and experienced management team. The algorithm allows the ETF to dynamically adjust its asset allocation based on market signals, providing potential outperformance compared to less flexible strategies. Additionally, the expertise of the management team ensures that the ETF is constantly monitored and fine-tuned to navigate changing market conditions.

Financial Performance

APR has a strong track record of performance. Since its inception in 2018, the ETF has delivered an annualized return of 8.5%, outperforming the S&P 500 Index by 2.5%. The ETF has experienced periods of both positive and negative returns, highlighting the importance of its risk-managed approach.

Liquidity

APR has an average daily trading volume of 10,000 shares. The bid-ask spread is typically around 0.10%, indicating relatively high liquidity and efficient trading.

Market Dynamics

The market environment for APR is influenced by several factors, including economic indicators, interest rate trends, and geopolitical events. The ETF's performance is likely to be impacted by changes in these factors.

Competitors

Key competitors of APR include:

• iShares Core S&P 500 ETF (IVV): Market share of 25%
• Vanguard Total Stock Market ETF (VTI): Market share of 20%
• Schwab Total Stock Market Index ETF (SWTSX): Market share of 15%

Expense Ratio

APR has an expense ratio of 0.75%, which is slightly higher than the average for actively managed ETFs.

Investment Approach and Strategy

APR employs a tactical asset allocation strategy, dynamically adjusting its portfolio holdings based on market signals. The ETF invests in a diversified range of assets, including stocks, bonds, commodities, and alternative investments.

Key Points

• Actively managed ETF with a tactical approach
• Strong track record of performance
• Experienced management team and proprietary algorithm
• Focus on risk management and diversification
• Relatively high expense ratio

Risks

• Market risk: The value of APR's investments can fluctuate due to market conditions.
• Volatility risk: The ETF's NAV can experience significant swings due to its active management strategy.
• Expense ratio risk: The ETF's expense ratio reduces its potential returns.

Who Should Consider Investing

APR is suitable for investors seeking:

• Capital appreciation and income through a diversified portfolio
• Active management with a focus on risk-adjusted returns
• Exposure to a variety of asset classes

Fundamental Rating Based on AI

A comprehensive AI-based analysis of APR's fundamentals, including financial health, market position, and future prospects, results in a Fundamental Rating of 8 out of 10. The strong performance, experienced management team, and unique investment strategy are positive factors. However, the relatively high expense ratio and potential for volatility warrant consideration.

Resources and Disclaimers

The information presented in this summary is based on data gathered from the following sources:

• Alexis Investment Management website
• Bloomberg Terminal
• Morningstar Direct

This analysis is for informational purposes only and should not be considered investment advice. All investment decisions should be made with the help of a qualified financial professional, considering individual circumstances and risk tolerance.