Morningstar

Axonic Strategic Income Fund Class A Shares AXSAX

Morningstar Medalist Rating
Medalist Rating as of | See Axonic Capital Investment Hub
  • NAV / 1-Day Return 8.71  /  −0.11 %
  • Total Assets 4.0B
  • Adj. Expense Ratio
    1.430%
  • Expense Ratio 1.400%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 5.19%
  • Effective Duration 2.70 years

USD | NAV as of Jul 17, 2026 | 1-Day Return as of Jul 17, 2026, 12:15 AM GMT+0

Morningstar’s Analysis AXSAX

Will AXSAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AXSAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the AXSAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of AXSAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Not like the others, but that’s not a bad thing.

Principal Brian Moriarty

Brian Moriarty

Principal

Summary

A strong team guides Axonic Strategic Income through structured credit waters.

by Brian Moriarty
Rated on Published on

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Portfolio Holdings AXSAX

More AXSAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 14.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

First American Government Obligs X

10.12 403M
Cash and Equivalents

United States Treasury Notes 3.88%

6.08 243M
Government

United States Treasury Notes 4.63%

2.56 102M
Government

RCO X MORTGAGE LLC 2025-5 5.42%

1.03 41M
Securitized

United States Treasury Notes 4.25%

0.85 34M
Government

RCO IX MORTGAGE LLC 2025-4 5.31%

0.84 34M
Securitized

CENTER STREET LENDING RESI-INVESTOR ABS MORTGAGE TRUST 2026-RTL1 5.38%

0.81 32M
Securitized

INTOWN MTG TR 2025-STAY 6.48%

0.70 28M
Securitized

MCR 2024-TWA MORTGAGE TRUST 8.73%

0.65 26M
Securitized

Fremf 2019-KF73 Mortgage Trust 4.09%

0.64 25M
Securitized

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