Morningstar

Axonic Strategic Income A AXSAX

Morningstar Medalist Rating
Medalist Rating as of | See Axonic Capital Investment Hub
  • NAV / 1-Day Return 8.91  /  −0.17 %
  • Total Assets 2.9 Bil
  • Adj. Expense Ratio
    1.520%
  • Expense Ratio 1.520%
  • 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 8.04%
  • Effective Duration —

USD | NAV as of Oct 05, 2024 | 1-Day Return as of Oct 05, 2024, 1:09 AM GMT+0

Morningstar’s Analysis AXSAX

Will AXSAX 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 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.

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 AXSAX

More AXSAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

First American Government Obligs X

17.47 465.7 Mil
Cash and Equivalents

Recv Irs 0.7335% 08/05/26 Receive

2.01 53.5 Mil
Government

Recv Irs 4.3405 04/29/34 Receive

1.98 52.7 Mil
Government

Recv Irs 4.22 04/24/2034 Receive

1.96 52.2 Mil
Government

Recv Irs 4.016 04/04/2034 Receive

1.93 51.4 Mil
Government

Recv Irs 3.9885 04/05/34 Receive

1.92 51.3 Mil
Government

Recv Irs 3.9185 03/19/34 Receive

1.91 51.0 Mil
Government

LHOME MORTGAGE TRUST 2023-RTL1 7.869%

1.51 40.4 Mil
Securitized

Recv Irs 3.775% 04/24/33 Receive

1.30 34.5 Mil
Government

Recv Irs 3.394% 04/03/33 Receive

1.27 33.8 Mil
Government

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