AXS Green Alpha ETF

AXS Green Alpha ETF (NXTE) is an actively managed stock fund. Its sub-advisor, Green Alpha Advisors, picks companies it believes help address climate, resource and health risks while offering above-average growth. As of June 30, 2026, it leaned heavily toward chip companies such as SK Hynix and Taiwan Semiconductor. Its 1.00% expense ratio is far above the 0.31% average of the four semiconductor and technology funds whose holdings overlap most with it.

• Over the year to Oct 27, 2026, NXTE returned +9.7%, 5th of 5 among similar funds.
• Its worst full calendar year was 2024 (-3.4%); its best was 2025 (+21.9%).
• The deepest fall in its price history was 28.6% (Feb 2, 2023 to Oct 27, 2023), recovered by Jul 12, 2024.

As of Jun 30, 2026, the fund held 52 securities; the ten largest made up 58.12% of assets.

• Over the three months to Jun 30, 2026, investors withdrew a net $2.6M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +14.15%, +15.34%, +5.89%.

NXTE does not track an index. AXS Investments runs the fund, and Green Alpha Advisors, its sub-advisor, chooses the stocks. Normally at least 80% of net assets goes into what Green Alpha calls sustainable companies. These are companies it sees as leading progress on one or more of four "pillars": large productivity gains, renewable energy, supply chains that turn waste into value, and a fairer spread of wealth. To qualify, a company must earn most of its revenue from advancing a pillar, and its capital spending must put those goals first.

Next, Green Alpha checks each candidate's commitments on cutting emissions and its record of meeting them. Then it looks at social and governance factors, such as diversity of leadership and employee well-being. Companies that pass go through a "bottom-up" review of revenue growth, margins, debt and cash flow, plus valuation measures like price-to-sales and price-to-book. Because the fund is actively managed, it can tilt toward one pillar and can own companies of any size, in any sector or country.

There is no leverage and there are no options. The fund held no derivatives as of June 30, 2026, just 52 stocks, with the top ten making up about 58% of assets. Some foreign companies are held through depositary receipts, which are US-traded certificates that represent foreign shares. Portfolio turnover was 12%, which means trading is fairly light.

• NXTE charges 1% a year, versus an average of 0.31% for the similar funds below (5th of 5, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $102 in the first year and $1,225 over 10 years (assuming a 5% annual return).

Its heavy weighting in semiconductor stocks, large price swings and 1.00% fee point to a small add-on position rather than a foundation.

NXTE's track record is short. It launched on September 27, 2022, so it missed the 2008 and 2020 crashes and most of the 2022 bear market. Its deepest drop was 28.6%, from February 2 to October 27, 2023. It took about 8.5 months to regain its old high, on July 12, 2024. Its worst calendar year was 2024, at -3.17%. As of October 27, 2026, its one-year beta, a measure of how much a fund moves compared with the broader market, was 1.92. That means it has tended to swing about twice as hard as the market. Selling shares in a slump could lock in steep losses.

It pays very little income: the trailing yield was 0.39% as of October 27, 2026, paid twice a year. Costs are high. The SEC's standard example puts them at $1,225 over 10 years on $10,000. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.