Endex Capital Managment LLC

ENDEX Capital Management, LLC is an independently-owned investment advisory firm established in 1997 in Kansas. The firm specializes in providing discretionary investment management services to institutional clients such as pension and profit sharing plans, trusts, estates, charitable organizations, and corporations. ENDEX tailors its services to meet the specific needs of clients, focusing on portfolios of exchange-listed and over-the-counter equity securities. The firm does not participate in wrap fee programs and had $184,451 in client assets managed on a discretionary basis as of December 31, 2021. ENDEX offers fee schedules based on different asset categories, with fees payable quarterly in arrears. The minimum investment required varies based on the investment style, with a minimum of $10,000,000 for Large Cap Core investments and $5,000,000 for other styles, subject to negotiation. The firm does not offer performance-based fees or side-by-side management. ENDEX conducts all research in-house and utilizes a quantitative investment process, focusing on market inefficiencies and behavioral finance principles to drive performance. The firm's investment strategy involves dynamically weighting factors based on market conditions and constructing portfolios based on a multi-variate linear regression model and risk constraints. ENDEX has no disciplinary history since 2010 and is regulated by the SEC. The firm does not have custody of client funds or securities and exercises investment discretion on behalf of clients. ENDEX does not vote client securities and does not require prepayment of client fees. Affiliates of ENDEX include DeMarche Associates and Discretionary Management Services, providing additional investment research and management services.