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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$8.97

$1.44 B

0.36%

$0.03

1.05%

Vitals

YTD Return

-7.5%

1 yr return

-0.5%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$1.44 B

Holdings in Top 10

35.6%

52 WEEK LOW AND HIGH

$9.0
$8.97
$10.00

Expenses

OPERATING FEES

Expense Ratio 1.05%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 66.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$25,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Multisector Bond


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$8.97

$1.44 B

0.36%

$0.03

1.05%

AXSIX - Profile

Distributions

  • YTD Total Return -7.5%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.87%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Axonic Strategic Income Fund
  • Fund Family Name
    Axonic
  • Inception Date
    Dec 30, 2019
  • Shares Outstanding
    150084422
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Clayton DeGiacinto

Fund Description

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.


AXSIX - Performance

Return Ranking - Trailing

Period AXSIX Return Category Return Low Category Return High Rank in Category (%)
YTD -7.5% -35.2% 18.5% 22.51%
1 Yr -0.5% -20.6% 24.2% 5.75%
3 Yr N/A* -12.2% 16.2% N/A
5 Yr N/A* -16.3% 10.3% N/A
10 Yr N/A* -12.8% 11.8% N/A

* Annualized

Return Ranking - Calendar

Period AXSIX Return Category Return Low Category Return High Rank in Category (%)
2021 -0.8% -26.6% 25.7% 35.97%
2020 N/A -49.2% 314.3% N/A
2019 N/A -35.1% 16.7% N/A
2018 N/A -48.0% 10.9% N/A
2017 N/A -14.8% 11.2% N/A

Total Return Ranking - Trailing

Period AXSIX Return Category Return Low Category Return High Rank in Category (%)
YTD -7.5% -35.2% 28.6% 19.00%
1 Yr -0.5% -21.2% 38.5% 6.10%
3 Yr N/A* -13.9% 16.2% N/A
5 Yr N/A* -17.3% 10.3% N/A
10 Yr N/A* -13.3% 11.8% N/A

* Annualized

Total Return Ranking - Calendar

Period AXSIX Return Category Return Low Category Return High Rank in Category (%)
2021 -0.8% -26.6% 25.7% 35.97%
2020 N/A -49.2% 314.3% N/A
2019 N/A -35.1% 16.7% N/A
2018 N/A -48.0% 10.9% N/A
2017 N/A -14.8% 15.2% N/A

NAV & Total Return History


AXSIX - Holdings

Concentration Analysis

AXSIX Category Low Category High AXSIX % Rank
Net Assets 1.44 B 100 124 B 32.59%
Number of Holdings 237 2 8175 69.27%
Net Assets in Top 10 513 M -1.57 B 20.5 B 23.85%
Weighting of Top 10 35.61% 4.3% 100.0% 37.94%

Top 10 Holdings

  1. First American Government Obligs X 18.88%
  2. Hudson's Bay Simon JV Trust 1.931% 2.48%
  3. Sb Multifamily Repack Tr FRN 2.20%
  4. Clarus Acting In Respect Compartment 2020-02 17% 2.08%
  5. AMBAC LSNI LLC 6% 2.07%
  6. FREMF MORTGAGE TRUST 6.10125% 2.06%
  7. HERTZ VEHICLE FINANCING III LLC 4.34% 2.06%
  8. Federal National Mortgage Association 3.38% 1.91%
  9. MULTIFAMILY CONNECTICUT AVENUE SECURITIES TRUST 3.88% 1.84%
  10. Fly Willow Funding, Ltd. 1.81%

Asset Allocation

Weighting Return Low Return High AXSIX % Rank
Bonds
56.94% -150.81% 188.92% 87.47%
Cash
32.49% -261.12% 258.91% 13.34%
Convertible Bonds
6.75% 0.00% 33.50% 8.63%
Preferred Stocks
2.86% 0.00% 31.88% 7.55%
Stocks
0.98% -38.22% 261.12% 31.27%
Other
-0.02% -25.82% 276.99% 91.51%

Stock Sector Breakdown

Weighting Return Low Return High AXSIX % Rank
Real Estate
97.15% 0.00% 100.00% 3.39%
Financial Services
2.85% 0.00% 100.00% 49.88%
Utilities
0.00% 0.00% 100.00% 69.73%
Technology
0.00% 0.00% 33.40% 65.38%
Industrials
0.00% 0.00% 100.00% 75.79%
Healthcare
0.00% 0.00% 18.60% 66.34%
Energy
0.00% 0.00% 100.00% 86.44%
Communication Services
0.00% 0.00% 100.00% 71.67%
Consumer Defense
0.00% 0.00% 99.97% 67.31%
Consumer Cyclical
0.00% 0.00% 89.95% 72.88%
Basic Materials
0.00% 0.00% 100.00% 69.25%

Stock Geographic Breakdown

Weighting Return Low Return High AXSIX % Rank
US
0.98% -40.06% 261.12% 27.09%
Non US
0.00% -6.04% 17.73% 66.98%

Bond Sector Breakdown

Weighting Return Low Return High AXSIX % Rank
Securitized
53.24% 0.00% 99.65% 13.67%
Cash & Equivalents
29.02% 0.00% 100.00% 14.48%
Corporate
17.42% 0.00% 100.00% 73.34%
Government
0.32% 0.00% 99.43% 83.22%
Derivative
0.00% 0.00% 72.98% 72.67%
Municipal
0.00% 0.00% 54.26% 67.39%

Bond Geographic Breakdown

Weighting Return Low Return High AXSIX % Rank
US
52.29% -151.11% 194.51% 71.97%
Non US
4.65% -136.75% 90.11% 83.02%

AXSIX - Expenses

Operational Fees

AXSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.05% 0.01% 6.46% 47.58%
Management Fee 0.85% 0.00% 2.29% 72.52%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.70% N/A

Sales Fees

AXSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

AXSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AXSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 66.00% 0.00% 496.00% 38.58%

AXSIX - Distributions

Dividend Yield Analysis

AXSIX Category Low Category High AXSIX % Rank
Dividend Yield 0.36% 0.00% 40.58% 13.04%

Dividend Distribution Analysis

AXSIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

AXSIX Category Low Category High AXSIX % Rank
Net Income Ratio 4.87% -1.55% 11.51% 9.70%

Capital Gain Distribution Analysis

AXSIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Monthly Annually

Dividend Payout History

View More +

AXSIX - Fund Manager Analysis

Managers

Clayton DeGiacinto


Start Date

Tenure

Tenure Rank

Dec 30, 2019

2.42

2.4%

Mr. DeGiacinto is the Founder and Managing Principal of Axonic Capital LLC, an independent investment management firm focused on Structured Credit opportunities in Residential and Commercial Mortgage markets. He serves as the Chief Investment Officer. Prior to founding Axonic Capital in 2010, Mr. DeGiacinto was responsible for building out the mortgage investment platform at Tower Research Capital and was the Senior Portfolio Manager for Split Level LLC, the predecessor fund to the Axonic Credit Opportunities Funds.Mr. DeGiacinto was the Head of Mortgage Trading for Tower Research Capital LLC from December 2008 through December 2010. From 2002 to 2008 Mr. DeGiacinto was Head of the Adjustable Rate Mortgage Desk at Goldman Sachs. From July 2002 through March 2008, he was a Vice President in the Fixed Income, Currency and Commodities group at Goldman Sachs & Co. with responsibility for the hybrid and adjustable rate mortgage trading businesses, in both primary and secondary markets. Mr. DeGiacinto’s duties at Goldman included securitization and retention of levered credit risk and convexity risk backed by adjustable rate and negatively amortizing residential mortgages. He was also responsible for running the RMBS credit book for all prime, alt-A and negatively amortizing structures. Mr. DeGiacinto was recently named as a “Hedge Fund Rising Star” in Institutional Investor magazine in June 2011. He previously served as an Army Ranger and Captain in the US Army 25th Infantry Division from 1995 to 2000. He received a B.S. in Mechanical Engineering from the U.S. Military Academy at West Point and holds an MBA in Finance and Statistics from the Wharton School at University of Pennsylvania. Mr. DeGiacinto resides in New York City with his wife and two children.

Jamshed Engineer


Start Date

Tenure

Tenure Rank

Dec 30, 2019

2.42

2.4%

Mr. Jamshed Engineer serves as Partner & Co-Head of Credit at Axonic Capital. Prior to joining Axonic, Mr. Engineer worked with Mr. DeGiacinto and Mr. Schendel at Tower Research Capital as Vice President of Mortgage Trading. Prior to Tower, he worked in the Fixed Income, Currency and Commodities group at Goldman Sachs & Co. with responsibilities for structuring, valuing and advising on diverse securitization products for both principal and third party transactions. Prior to Goldman, Mr. Engineer was at KPMG where he structured various securitization transactions in the structured products group. Mr. Engineer was at Tata TD Waterhouse and Tata Finance in Mumbai from 1999 to 2002. Mr. Engineer received a B. Comm. in Finance and Accounting from University of Mumbai in 1999 and an MBA in Finance from the University of Southern California in 2004.

Matthew Weinstein


Start Date

Tenure

Tenure Rank

Dec 30, 2019

2.42

2.4%

Mr. Matthew Weinstein serves as Principal, Partner, Portfolio Manager and Co-Head of Credit at Axonic Capital. Weinstein leads our Commercial Real Estate and Commercial Mortgage Backed Securities strategies. Prior to joining Axonic, Mr. Weinstein was a Vice President at Macquarie Capital where he managed a CMBS principal investment strategy. Prior to Macquarie, Mr. Weinstein was an Associate Director in CMBS at Bear Sterns. Mr. Weinstein received his B.S. in Industrial Labor Relations from Cornell University and holds an MBA from New York University Stern School of Business.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.19 5.67 3.19