Axonic Alternative Income Fund
AAIDX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 520 Madison Avenue, 42nd Floor New York NY United States of America 10022
- IPO Date
- Mar 8, 2019
- CIK
- 0001754927
- Website
- axonicfunds.com
- Similar Companies
- Business
- Axonic Alternative Income Fund (AAIDX) is a non-diversified, closed-end management investment company that operates as an interval fund and seeks total return through primary investments in income-producing instruments, including structured credit securities such as residential mortgage-backed securities, commercial mortgage-backed securities, asset-backed securities, commercial real estate debt and equity, and systematic fixed income; it may also employ derivatives including credit derivatives, leverage, and high-yield securities. The Fund offers limited liquidity to shareholders through quarterly repurchase offers for between 5% and 25% of its outstanding shares at net asset value, with a current expectation of 5% per quarter, and distributes income monthly, which may include return of capital. Launched with inception on December 28, 2018, the Fund is advised by Axonic Capital LLC, a New York-based investment manager founded in 2010 with over $6.5 billion in assets under management and headquartered at 520 Madison Avenue, 42nd Floor, New York, NY; Axonic Capital focuses on structured credit and commercial real estate across the United States, serving institutional clients through private partnerships, separate accounts, insurance mandates, and public fund structures, with ALPS Distributors, Inc. serving as distributor. Targeting sophisticated investors seeking alternative fixed income exposure with potential for above-average returns amid interest rate and credit risks, the Fund holds positions in instruments like Freddie Mac Multifamily Structured Credit Risk securities, FREMF and FRESB mortgage trusts, and government obligations funds. In recent developments, Axonic Capital, the Fund's adviser, announced a strategic partnership with Affinius Capital LLC in September 2025 to expand mid-market first mortgage financing for construction projects in sectors like multifamily, industrial, and self-storage, funded via Axonic's insurance platform, including an inaugural $47.8 million loan; additionally, in December 2024, Axonic enhanced its commercial real estate platform by appointing James Jordan as Partner to capitalize on market dislocations.