AXSIX Fees and Costs — Axonic Strategic Income Fund, Class I
Data updated: 2026-09-29
The net expense ratio is 1.03%: a 0.85% management fee plus 0.17% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $10K in broker commissions, 0.0003% of average net assets, and portfolio turnover was 63%.
AXSIX Fees and Expenses
Annual operating expenses and sales charges of AXSIX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.17% |
| Gross expense ratio | 1.03% |
| Fee waiver | — |
| Net expense ratio | 1.03% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
AXSIX Costs Over Time
On $10,000 invested in AXSIX, assuming 5% a year before costs, total costs come to $644 over 5 years, cutting the return by 1.08% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.03%) | $108 | $337 | $585 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $108 | $354 | $644 |
| Value after costs | $10,392 | $11,222 | $12,119 |
| Impact on return, per year | 1.08% | 1.08% | 1.08% |
AXSIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0003%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 63%
- Securities lending: none during the year
AXSIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $5K | 47.22% |
| KEEFE, BRUYETTE & WOODS, INC. | $3K | 30.02% |
| COMPASS POINT | $2K | 22.76% |
AXSIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES, LLC | $284.8M | 22.86% |
| PERFORMANCE TRUST | $277.9M | 22.30% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $229.3M | 18.41% |
| MORGAN STANLEY | $178.3M | 14.31% |
| ODEON CAPITAL GROUP LLC | $101.6M | 8.15% |
| SANTANDER SECURITIES LLC | $66.6M | 5.34% |
| MIZUHO SECURITIES USA LLC | $39.9M | 3.20% |
| PIPER SANDLER | $27.3M | 2.19% |
| COWEN AND COMPANY | $21.3M | 1.71% |
| RAYMOND JAMES FINANCIAL SERVICES, INC. | $19.0M | 1.52% |
Axonic Strategic Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AXSIX | Class I | 1.03% | none |
| AXSAX | Class A | 1.43% | 2.25% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.