What is the expense ratio of AAIDX?

Axonic Alternative Income Fund (AAIDX) charges an expense ratio of 3.16%. This is the annual fee deducted from fund assets to cover management and operations.

What is AAIDX's dividend yield?

AAIDX's trailing-twelve-month yield is 11.77%, calculated from the sum of dividends over the past year divided by the current price.

Axonic Alternative Income Fund (AAIDX) manages $380.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is AAIDX actively managed or an index fund?

AAIDX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was AAIDX launched?

Axonic Alternative Income Fund (AAIDX) launched in March 2019 and is managed by the fund issuer.

AAIDX

Axonic Alternative Income Fund

NASDAQ·Asset Management · Financial Services

$20.03$0.02+0.10%

Aug 24 12:05 PM UTC

Price Chart

$20.03+$0.02 (+0.10%)today

−11.14%CAGR −2.33%

Select date range

FromTo

Mar 8, 2019Aug 24, 2021 → Aug 24, 2026· 5.0 yrsAug 24, 2026

Key Metrics

DistributionDividend Tab

Annual Distribution (FWD)$1.84

Distribution Yield (FWD)9.18%

Annual Distribution (TTM)$2.36

Distribution Yield (TTM)11.77%

Distribution Growth (5Y)−0.1%

FrequencyMonthly

Most Recent$0.15

Ex-Dividend DateJul 31

Payment DateAug 3

Cost & RiskExpenses Tab

Expense Ratio3.16%

Cost per 10k Invested$316

AUM$379.98M

Avg Daily Volume—

Price$20.03

NAV$20.03

Premium / Discount+0.00%

52-Week Range$20.01 – $20.62

Beta0.03

Fund Overview

Non-diversified, closed-end interval fund seeking total return through income-producing instruments. Invests in public and private credit, structured credit (RMBS, CMBS, ABS), commercial real estate debt and equity, systematic fixed income, and hard asset-backed loans including stabilized multifamily debt, SASB securities, and direct CRE loans. May use derivatives and leverage. Offers quarterly repurchase offers; shares not listed on any exchange. Advised by Axonic Capital LLC.

Cost Verdict

Is AAIDX's expense ratio expensive, average, or a steal for its category?

Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Issuer: —
Asset Class: Equity
Strategy: Thematic
Inception: March 8, 2019
Fund Type: Mutual Fund
Domicile: US
Currency: USD
ISIN: US05465F1030
CUSIP: 05465F103
Website: www.axonicfunds.com/funds/aaidx/

Latest News

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Frequently Asked Questions About AAIDX

What does AAIDX invest in?: Non-diversified, closed-end interval fund seeking total return through income-producing instruments. Invests in public and private credit, structured credit (RMBS, CMBS, ABS), commercial real estate debt and equity, systematic fixed income, and hard asset-backed loans including stabilized multifamily debt, SASB securities, and direct CRE loans. May use derivatives and leverage. Offers quarterly repurchase offers; shares not listed on any exchange. Advised by Axonic Capital LLC.
What is the expense ratio of AAIDX?: Axonic Alternative Income Fund (AAIDX) charges an expense ratio of 3.16%. This is the annual fee deducted from fund assets to cover management and operations.
What is AAIDX's dividend yield?: AAIDX's trailing-twelve-month yield is 11.77%, calculated from the sum of dividends over the past year divided by the current price.
How big is AAIDX?: Axonic Alternative Income Fund (AAIDX) manages $380.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
Is AAIDX actively managed or an index fund?: AAIDX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
When was AAIDX launched?: Axonic Alternative Income Fund (AAIDX) launched in March 2019 and is managed by the fund issuer.