AXSIX – Axonic Strategic Income I Investment Strategy | Morningstar

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Strategy

The investment seeks to maximize total return, through a combination of current income and capital appreciation. In pursuing its investment objective, the fund seeks to maximize risk-adjusted total returns by investing primarily in income-producing instruments (i.e., under normal circumstances, the fund will invest at least 60% of its net assets in income-producing instruments). It also may invest in real estate investment trusts ("REIT"), equity securities of companies whose business is substantially related to the mortgage business, and mortgage derivatives such as stripped RMBS and inverse floaters.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
AXSIX	Axonic Strategic Income Fund Class I Shares	Institutional	Open			Dec 30, 2019	$3.64B	1.030%	High	$25,000	$61.42M
AXSAX	Axonic Strategic Income Fund Class A Shares	Front Load	Open			Jul 16, 2020	$66.37M	1.430%	High	$2,500	−$42.08M

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