Axonic Strategic Income Fund (AXSIX) crosses a milestone of $ 1 billion under management
NEW YORK–(COMMERCIAL THREAD) – The Axonic Strategic Income Fund, launched in late 2019 to capitalize on opportunities and potential dislocations in the structured credit market, has exceeded $ 1.0 billion in assets under management (AUM). The Fund is managed by Axonic capital, a veteran-owned New York-based structured credit specialist with $ 4.0 billion in assets under management.
Since the Fund’s official launch on December 30, 2019, AXSIX has recorded more than $ 1.0 billion in new inflows in just 17 months. “In our view, strengthening credit fundamentals after COVID-19 and strong technical factors have continued to work together to create an attractive source of risk-adjusted return in the structured credit market,” said Clay DeGiacinto, Founder and Chief Investment Officer of Axonic. He added. , “We believe this is a great tool for diversification within a portfolio, Axonic believes the opportunities within residential mortgage-backed securities, commercial mortgage-backed securities and assets are particularly well suited to this market. The relative value of these sectors, combined with our exceptional team of investment professionals, makes this a very exciting time for the company. ”
The fund is marketed by Skypoint Capital (“Skypoint”), based in Atlanta. Founder and Managing Partner Eric Anderson added, “The challenges presented by COVID-19, and the relative performance of the fund since April 2020, speak volumes about the experience and expertise of the Axonic team. Their ability to react and find attractive value in all structured credit segments sets them apart from other funds. ”
AXSIX, AXSAX is available for purchase both direct and on most major broker platforms (Schwab, Fidelity, TD Ameritrade and Pershing).
About the Fund:
The Fund seeks to maximize total return, through a combination of current income and capital appreciation. In pursuit of 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). These instruments may include: (i) Mortgage Backed Securities (“MBS”), including Residential Mortgage Backed Securities (“RMBS”) and Commercial Mortgage Backed Securities (“CMBS”) ; (ii) other asset-backed securities (“ABS”) and structured credit instruments, including instruments representing the ownership and cash flows from or financing various assets, including airplanes, aircraft, Secured Debt Securities (“CDO”), Secured Loan Bonds (“CLO”) ”) and Secured Mortgage Bonds (“ CMO ”); and (iii) other income-producing investments, including corporate and bank bonds, loans and equity investments, and instruments representing ownership and cash flows from or financing various assets, including aircraft and intellectual property royalties. The Fund may also invest in real estate investment trusts (“REITs”), equity securities of companies whose business is primarily related to mortgage business (eg, title, financial guarantee and other insurers and reinsurers; banks; marketplace; marketplace). and other lenders; mortgage lenders, originators; mortgage managers and others; and home builders) and mortgage derivatives such as dismembered RMBS and reverse floats.
About Axonic Capital
Founded in 2010, Axonic Capital also offers commercial and residential real estate strategies, systematic fixed income strategies and commercial lending strategies as well as its expertise in structured credit.
An investor should carefully consider the investment objectives, risks, charges and expenses of the Fund before investing. To obtain a prospectus containing this and other information, please call (212) 259-0430 or download the file from www.AxonicFunds.com. Please read the prospectus carefully before investing. Investing involves risks, including loss of capital. The fund is newly organized with a limited operational history. For more information on fund risks, please refer to the prospectuses available on www.AxonicFunds.com.
ALPS Distributors, Inc. is the distributor of Axonic Strategic Income Fund (ALPS Distributors, Inc. 1290 Broadway, Suite 1000, Denver, CO 80203). Axonic Capital LLC and ALPS are not affiliated.