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Morningstar

Axonic Strategic Income I AXSIX

Morningstar Medalist Rating
Medalist Rating as of | See Axonic Capital Investment Hub
  • NAV / 1-Day Return 8.87  /  +0.05 %
  • Total Assets 2.4 Bil
  • Adj. Expense Ratio
    1.100%
  • Expense Ratio 1.100%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 25,000
  • Status Open
  • TTM Yield 7.98%
  • Effective Duration —

USD | NAV as of Apr 27, 2024 | 1-Day Return as of Apr 27, 2024, 12:10 AM GMT+0

Morningstar’s Analysis AXSIX

Will AXSIX outperform in 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 AXSIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the AXSIX 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 AXSIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

There are few like it.

Associate Director Brian Moriarty

Brian Moriarty

Associate Director

Summary

Axonic Strategic Income’s strengths are offset by potential risks and a limited track record.

by Brian Moriarty
Rated on Published on

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Portfolio Holdings AXSIX

More AXSIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 11.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

First American Government Obligs X

20.58 438.1 Mil
Cash and Equivalents

Recv Irs 0.7335% 08/05/26 Receive

2.54 54.1 Mil
Government

Recv Irs 3.775% 04/24/33 Receive

1.63 34.7 Mil
Government

Recv Irs 3.394% 04/03/33 Receive

1.60 34.0 Mil
Government

MFA Financial Inc. 6.25%

1.44 30.7 Mil
Corporate

Asset Offset

1.31 27.8 Mil
—

HERTZ VEHICLE FINANCING III LLC 4.34%

1.28 27.3 Mil
Securitized

MFA 2023-RTL2 TRUST 8.498%

1.21 25.8 Mil
Securitized

BAMLL COMMERCIAL MORTGAGE SECURITIES TRUST 8.58101%

1.19 25.3 Mil
Securitized

FAT BRANDS GFG ROYAL I LLC 7%

1.13 24.1 Mil
Securitized