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LEXI

GradeBNASDAQ Global Market

Alexis Practical Tactical ETF

Multi-Asset & Alternatives · Alexis · Inception 2021-06-30 · SEC filings

$40.58−0.26 (−0.64%)

As of Sep 23, 2026, 3:01 PM EDT

Intraday session: down, 17 prints from 40.84 to 40.58. Range 40.52 to 40.82. Use the arrow keys to read each point.$40.50$40.70$40.8010 AM12 PM2 PM4 PM
Expense ratio
1.00%
Fund size
$195M
1Y return
+18.7%
Yield · Last 12 months
0.82%
Volume · 30D
0M sh
NAV per share
$40.75
52W range
low $34.24high $41.36

The ETF.net LEXI Grade

B

65/ 100

Rank 8 of 46 in Tactical Allocation⁠

Confidence High

Six-pillar profile for LEXI. Scores out of 100: Cost 39, Risk 64, Mission 89, Tradability 77, Holdings 75, Durability 65. Strongest: Mission (89). Weakest: Cost (39). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 65 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 39
    Category rank28/46 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 89
    Category rank4/26 · top 15%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 64
    Category rank13/46 · top 28%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 77
    Category rank10/46 · top 22%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 75
    Category rank9/42 · top 21%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 65
    Category rank17/46 · top 37%

Graded as of Sep 22, 2026

Our read on LEXI

ETF.net Research

BMost tactical funds are built to duck. LEXI's prospectus puts long-term capital appreciation first and capital preservation second, run by a Texas father-daughter team free to roam across stocks, bonds, gold, REITs and cash.

Stated mandate

The Fund seeks total return, primarily through long-term capital appreciation, while treating income and capital preservation as secondary aims.

Why people hold it

  1. 01Genuinely go-anywhere: global stocks, bonds, commodities including precious metals, REITs, merger arb, convertibles, options and cash in one wrapper.sec.gov
  2. 02Human judgment over a fixed rulebook. The adviser leans on market-cycle analysis and indicators it expects to change as markets change.sec.gov
  3. 03The portfolio has stayed close to that broad mandate, and the fund sits in the upper half of its tactical multi-asset peer group.
  4. 04Trading since 2021, so the record is real money through several market regimes, not a backtest.

Worth knowing

  1. 01The 1.00% fee runs above the cohort median of 0.95%, and rules-based rivals like ENDW (0.22%) and ONOF (0.39%) charge far less.
  2. 02It buys other ETFs, so their fees stack on top of the management fee.sec.gov
  3. 03No index to fall back on: outcomes hinge on the managers' calls. Shares also trade lightly, so spreads can widen.

LEXI Holdings

As of Sep 20, 2026, 10:10 AM
Asset class
Other
Holdings
—
Top-10 weight
53%
Largest holding
U.S. Bank Money Market Deposit Account 08/01/20317.0%

Sectors

  • Technology29.7%
  • Industrials13.8%
  • Financials12.1%
  • Health Care8.3%
  • Consumer Discr.8.3%
  • Real Estate8.3%
  • Communication5.4%
  • Materials5.3%
  • Cons. Staples4.2%
  • Energy2.9%
  • Utilities1.8%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—U.S. Bank Money Market Deposit Account 08/01/20317.03%12,551,092$13M21
002JPSTJPMorgan Ultra-Short Income ETF5.39%191,007$10M6
003MINTPIMCO Enhanced Short Maturity Active Exchange-Traded Fund5.36%95,268$10M7
004PYLDPIMCO Multisector Bond Active ETF5.29%359,777$9M6
005BINCiShares Flexible Income Active ETF5.28%181,401$9M2
006RSPInvesco S&P 500 Equal Weight ETF5.27%45,005$9M13
007IWDiShares Russell 1000 Value ETF4.90%36,782$9M7
008VIGVanguard Dividend Appreciation ETF4.87%37,158$9M14
009MGKVanguard Mega Cap Growth ETF4.71%96,905$8M9
010MTUMiShares MSCI USA Momentum Factor ETF4.49%25,751$8M13
011IMTMiShares MSCI International Momentum Factor ETF4.24%145,693$8M1
012MDYState Street SPDR S&P MidCap 400 ETF Trust4.16%10,910$7M4
013DBEFXtrackers MSCI EAFE Hedged Equity ETF4.06%137,899$7M3
014SHYGiShares 0-5 Year High Yield Corporate Bond ETF4.01%169,502$7M4
015EEMISHARES MSCI EMERGING MARKETS INDEX FUND3.61%97,968$6M6

Showing 1–15 of 42 holdings

LEXI Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

LEXI$11,871
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. LEXI $11,871. SPY $11,723. Use the arrow keys to read each point.$9,333$10,768$12,202Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for LEXI. Periods over one year show the average yearly return.
PeriodLEXI
Year to date+14.7%
1 month−0.2%
3 months+0.6%
1 year+18.7%
3 years+20.7%per year
5 years+11.2%per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for LEXI
YearReturn barLEXI
2026 YTD+14.7%
2025+19.2%
2024+16.5%
2023+16.6%
2022−14.4%
2021+8.3%

History from Jul 1, 2021

LEXI in the news

ETF.net Research hasn’t filed on LEXI yet — coverage lands here as it’s written.

LEXI Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
0.82%Last 12 months
Payout per share
$0.34Last 12 months
Last payment
$0.34 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2021–2026

One bar per payment. 5 payments from 2021 to 2026 YTD. Dec 29, 2021 $0.06; Dec 29, 2022 $0.22; Dec 28, 2023 $0.35; Dec 31, 2024 $0.65; Dec 31, 2025 $0.34. Use the arrow keys to read each point.202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 31, 2025Jan 2, 2026$0.34
Dec 31, 2024Jan 2, 2025$0.65
Dec 28, 2023Jan 2, 2024$0.35
Dec 29, 2022Jan 3, 2023$0.22
Dec 29, 2021Dec 31, 2021$0.06

LEXI Risk

How much the fund’s monthly returns vary, scaled to a year.
11.2%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.22
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−22.0%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.10
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

LEXI Cost

Expense ratio1.00%
  • The middle half of Tactical Allocation funds
  • Median 0.91%

27 of the 46 Tactical Allocation funds charge less.

LEXI costs $100.00 a year on $10,000. The median Tactical Allocation fund costs $90.50.