Axonic Strategic Income Fund (AXSIX)
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. The fund is non-diversified.
Fund Info
| ISIN | US05465G1013 |
|---|---|
| CUSIP | 05465G101 |
| Issuer | Axonic |
| Inception Date | Dec 29, 2019 |
| Category | Multisector Bonds |
| Min. Investment | $25,000 |
| Asset Class | Bond |
Expense Ratio
AXSIX has a high expense ratio of 1.00%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: AXSIX vs. VOO, AXSIX vs. MFHVX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Axonic Strategic Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Axonic Strategic Income Fund had a return of 8.43% year-to-date (YTD) and 10.69% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 8.43% | 25.45% |
| 1 month | -0.11% | 2.91% |
| 6 months | 4.12% | 14.05% |
| 1 year | 10.69% | 35.64% |
| 5 years (annualized) | N/A | 14.13% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of AXSIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.57% | 0.75% | 1.01% | 0.31% | 1.12% | 0.95% | 1.12% | 1.00% | 0.76% | -0.22% | 8.43% | ||
| 2023 | 2.04% | 0.74% | -0.47% | 1.21% | 0.38% | 0.61% | 0.72% | 0.74% | 0.51% | 0.19% | 1.36% | 1.63% | 10.07% |
| 2022 | 0.02% | -0.36% | -1.24% | -0.27% | -0.83% | -1.04% | 0.35% | 0.20% | -1.22% | -0.81% | -0.25% | -0.19% | -5.53% |
| 2021 | 2.22% | 0.93% | 0.38% | 0.57% | 0.79% | 0.47% | 0.96% | 0.33% | 0.21% | 0.43% | 0.52% | -2.28% | 5.61% |
| 2020 | 0.00% | 0.40% | -9.06% | 0.11% | 1.31% | 2.57% | 1.28% | 0.57% | 1.00% | -0.10% | 1.02% | 0.49% | -0.91% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of AXSIX is 98, placing it in the top 2% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Axonic Strategic Income Fund (AXSIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Axonic Strategic Income Fund provided a 8.16% dividend yield over the last twelve months, with an annual payout of $0.73 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Dividend | $0.73 | $0.75 | $0.47 | $0.62 | $0.13 |
Dividend yield | 8.16% | 8.55% | 5.35% | 6.43% | 1.30% |
Monthly Dividends
The table displays the monthly dividend distributions for Axonic Strategic Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.10 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.53 | |
| 2023 | $0.08 | $0.03 | $0.04 | $0.08 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.20 | $0.75 |
| 2022 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.07 | $0.47 |
| 2021 | $0.07 | $0.06 | $0.07 | $0.04 | $0.04 | $0.04 | $0.08 | $0.04 | $0.04 | $0.04 | $0.08 | $0.03 | $0.62 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.03 | $0.03 | $0.13 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Axonic Strategic Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Axonic Strategic Income Fund was 12.55%, occurring on Mar 24, 2020. Recovery took 215 trading sessions.
The current Axonic Strategic Income Fund drawdown is 0.55%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.55% | Feb 24, 2020 | 22 | Mar 24, 2020 | 215 | Jan 29, 2021 | 237 |
| -7.69% | Dec 7, 2021 | 267 | Dec 28, 2022 | 231 | Nov 29, 2023 | 498 |
| -0.88% | Oct 2, 2024 | 19 | Oct 28, 2024 | — | — | — |
| -0.4% | Mar 4, 2021 | 18 | Mar 29, 2021 | 3 | Apr 1, 2021 | 21 |
| -0.4% | Nov 10, 2021 | 10 | Nov 23, 2021 | 4 | Nov 30, 2021 | 14 |
Volatility
Volatility Chart
The current Axonic Strategic Income Fund volatility is 0.81%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.