For the third quarter of 2021, the institutional share class for the Axonic Strategic Income Fund returned 1.11% to investors, bringing the year-to-date return to 5.59%. Through the third quarter, the Fund has outperformed its benchmark, the Bloomberg Barclays Aggregate Bond Index, by 7.27%. As of September 30, 2021, the Fund’s distribution yield was 5%. Today, AUM is over $1.3 billion.
After Skypoint Capital CEO Brian Smith provided an overview of the Fund’s performance during the quarter, he was joined by Axonic Capital Director of Research Peter Cecchini, Managing Partner and CIO Clay DeGiacinto and Portfolio Manager Simon Sominsky. Speakers provided details on the biggest macro-themes that may influence portfolio positioning moving forward, current asset allocation strategies and opportunistic sectors.
Moving forward, Axonic Capital will remain vigilant in its goal to deliver convex portfolios for investors. While the Fed’s response to inflation may pose threats to the markets, there are still opportunities that appear promising, including hard assets and commercial real estate. If you have any questions about the Fund’s performance or asset allocation strategy, please do not hesitate to contact us.