Shareholder Report
|
6 Months Ended |
|
Apr. 30, 2026
USD ($)
Holding
|
|---|
| Shareholder Report [Line Items] |
|
| Document Type |
N-CSRS
|
| Amendment Flag |
false
|
| Registrant Name |
AXONIC FUNDS
|
| Entity Central Index Key |
0001791032
|
| Entity Investment Company Type |
N-1A
|
| Document Period End Date |
Apr. 30, 2026
|
| C000216959 |
|
| Shareholder Report [Line Items] |
|
| Fund Name |
Axonic Strategic Income Fund
|
| Class Name |
Class A
|
| No Trading Symbol [Flag] |
true
|
| Annual or Semi-Annual Statement [Text Block] |
This semi-annual shareholder report contains important information about Axonic Strategic Income Fund - A for the period of November 1, 2025 to April 30, 2026.
|
| Shareholder Report Annual or Semi-Annual |
semi-annual shareholder report
|
| Additional Information [Text Block] |
You can find additional information about the Fund at https://www.axonicfunds.com/funds/daily-fund-axsax/. You can also request this information by contacting us at 833-429-6642.
|
| Additional Information Phone Number |
833-429-6642
|
| Additional Information Website |
https://www.axonicfunds.com/funds/daily-fund-axsax/
|
| Expenses [Text Block] |
What were the Fund’s cost for the last six months? (based on a hypothetical $10,000 investment) Table SummaryFund Name | Cost of a $10,000
Investment | Cost Paid as a Percentage of a
$10,000 Investment |
|---|
Axonic Strategic Income Fund - A | $73 | 1.47% |
|---|
|
| Expenses Paid, Amount |
$ 73
|
| Expense Ratio, Percent |
1.47%
|
| Factors Affecting Performance [Text Block] |
How did the Fund perform the last six months? The Axonic Strategic Income Fund had another year of strong performance. The Fund returned 4.99% for the twelve-month period ending on April 30, 2026, outperforming the Bloomberg U.S. Aggregate Bond Index which returned 4.06% over the same time period. The Fund’s outperformance of the benchmark was driven by credit spread tightening across most securitized credit markets and a high level of current income relative to traditional fixed income assets. Performance was driven by credit selection and consistent income generated by the Fund’s holdings across the structured credit universe. The Fund was profitable across the three core areas of focus: Residential Mortgage Backed Securities (RMBS), Commercial Mortgage Backed Securities (CMBS), and Asset Backed Securities (ABS). Although credit spreads tightened throughout the year, structured credit markets continue to offer attractive yields going forward as spreads remain wide of similarly rated corporate credit investments on a historical basis. |
| Line Graph [Table Text Block] |
Table Summary | Axonic Strategic Income Fund - Class A - Load - $12,891 | Bloomberg U.S. Aggregate Bond Index - $9,871 |
|---|
7/16/2020 | $9,774.82 | $10,000.00 |
|---|
4/30/2021 | $10,495.89 | $9,784.21 |
|---|
4/30/2022 | $10,573.58 | $8,951.36 |
|---|
4/30/2023 | $10,436.16 | $8,913.10 |
|---|
4/30/2024 | $11,372.59 | $8,782.23 |
|---|
4/30/2025 | $12,278.44 | $9,486.60 |
|---|
4/30/2026 | $12,891.48 | $9,871.44 |
|---|
|
| Average Annual Return [Table Text Block] |
AVERAGE ANNUAL TOTAL RETURNSTable Summary | 1 Year | 5 Year | Since Inception |
|---|
Class A - NAV (Incep. July 16, 2020) | 4.99% | 4.20% | 4.90% |
|---|
Class A - Load | 2.66% | 3.72% | 4.48% |
|---|
Bloomberg U.S. Aggregate Bond Index | 4.06% | 0.18% | -0.22% |
|---|
The Fund’s past performance is not a good predictor of the Fund’s future performance. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on fund distributions or the redemption of fund shares. Call 1-833-429-6642 for current month-end performance. |
| Performance Inception Date |
Jul. 16, 2020
|
| AssetsNet |
$ 3,987,720,630
|
| Holdings Count | Holding |
538
|
| Advisory Fees Paid, Amount |
$ 16,616,410
|
| InvestmentCompanyPortfolioTurnover |
32.00%
|
| Additional Fund Statistics [Text Block] |
- Total Net Assets$3,987,720,630
- Number of Portfolio Holdings538
- Portfolio Turnover Rate32%
- Advisory Fees Paid$16,616,410
|
| Holdings [Text Block] |
ASSET CLASS WEIGHTINGS (as a % of Net Assets)Table SummaryValue | Value |
|---|
Residential Mortgage-Backed Securities | 29.00% | Asset-Backed Securities | 26.65% | Commercial Mortgage-Backed Securities | 25.23% | Short Term Investments | 10.20% | Government Bonds | 9.49% | Bank Loans | 2.39% | Corporate Bonds | 0.32% | Preferred Stocks | 0.21% | Convertible Corporate Bonds | 0.11% | Common Stocks | 0.01% | Cash, Cash Equivalents, & Other Net Assets | (3.61)% | |
| Largest Holdings [Text Block] |
TOP TEN HOLDINGS (as a % of Net Assets)Table SummaryTop 10 | Top 10 |
|---|
U.S. Treasury Note 3.88%, due 08/15/2034 | 6.08% | U.S. Treasury Note 4.63%, due 02/15/2035 | 2.56% | RCO X Mortgage LLC, Series 2025-5, Class A1 | 1.03% | U.S. Treasury Bond 4.25%, due 05/15/2035 | 0.85% | RCO IX Mortgage LLC, Series 2025-4, Class A1 | 0.84% | Center Street Lending Resi-Investor ABS Mortgage Trust, Series 2026-RTL1, Class A1 | 0.81% | INTOWN Mortgage Trust, Series 2025-STAY, Class D | 0.70% | MCR Mortgage Trust, Series 2024-TWA, Class E | 0.65% | FREMF Mortgage Trust, Series 2019-KL05, Class CP | 0.64% | RCO X Mortgage LLC, Series 2026-1, Class A1 | 0.61% | Top Ten Holdings | 14.77% | |
| Material Fund Change [Text Block] |
There have been no material fund Changes during the reporting period. |
| C000216960 |
|
| Shareholder Report [Line Items] |
|
| Fund Name |
Axonic Strategic Income Fund
|
| Class Name |
Class I
|
| No Trading Symbol [Flag] |
true
|
| Annual or Semi-Annual Statement [Text Block] |
This semi-annual shareholder report contains important information about Axonic Strategic Income Fund - I for the period of November 1, 2025 to April 30, 2026.
|
| Shareholder Report Annual or Semi-Annual |
semi-annual shareholder report
|
| Additional Information [Text Block] |
You can find additional information about the Fund at https://www.axonicfunds.com/funds/daily-fund/. You can also request this information by contacting us at 833-429-6642.
|
| Additional Information Phone Number |
833-429-6642
|
| Additional Information Website |
https://www.axonicfunds.com/funds/daily-fund/
|
| Expenses [Text Block] |
What were the Fund’s cost for the last six months? (based on a hypothetical $10,000 investment) Table SummaryFund Name | Cost of a $10,000
Investment | Cost Paid as a Percentage of a
$10,000 Investment |
|---|
Axonic Strategic Income Fund - I | $54 | 1.07% |
|---|
|
| Expenses Paid, Amount |
$ 54
|
| Expense Ratio, Percent |
1.07%
|
| Factors Affecting Performance [Text Block] |
How did the Fund perform the last six months? The Axonic Strategic Income Fund had another year of strong performance. The Fund returned 5.38% for the twelve-month period ending on April 30, 2026, outperforming the Bloomberg U.S. Aggregate Bond Index which returned 4.06% over the same time period. The Fund’s outperformance of the benchmark was driven by credit spread tightening across most securitized credit markets and a high level of current income relative to traditional fixed income assets. Performance was driven by credit selection and consistent income generated by the Fund’s holdings across the structured credit universe. The Fund was profitable across the three core areas of focus: Residential Mortgage Backed Securities (RMBS), Commercial Mortgage Backed Securities (CMBS), and Asset Backed Securities (ABS). Although credit spreads tightened throughout the year, structured credit markets continue to offer attractive yields going forward as spreads remain wide of similarly rated corporate credit investments on a historical basis. |
| Line Graph [Table Text Block] |
Table Summary | Axonic Strategic Income Fund - Class I - $12,931 | Bloomberg U.S. Aggregate Bond Index - $10,555 |
|---|
12/30/2019 | $10,000.00 | $10,000.00 |
|---|
4/30/2020 | $9,140.00 | $10,489.72 |
|---|
4/30/2021 | $10,308.57 | $10,461.69 |
|---|
4/30/2022 | $10,426.91 | $9,571.18 |
|---|
4/30/2023 | $10,339.68 | $9,530.27 |
|---|
4/30/2024 | $11,335.26 | $9,390.34 |
|---|
4/30/2025 | $12,271.10 | $10,143.48 |
|---|
4/30/2026 | $12,931.36 | $10,554.97 |
|---|
|
| Average Annual Return [Table Text Block] |
AVERAGE ANNUAL TOTAL RETURNSTable Summary | 1 Year | 5 Year | Since Inception |
|---|
Class I (Incep. December 30, 2019) | 5.38% | 4.64% | 4.14% |
|---|
Bloomberg U.S. Aggregate Bond Index | 4.06% | 0.18% | 0.86% |
|---|
The Fund’s past performance is not a good predictor of the Fund’s future performance. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on fund distributions or the redemption of fund shares. Call 1-833-429-6642 for current month-end performance. |
| Performance Inception Date |
Dec. 30, 2019
|
| AssetsNet |
$ 3,987,720,630
|
| Holdings Count | Holding |
538
|
| Advisory Fees Paid, Amount |
$ 16,616,410
|
| InvestmentCompanyPortfolioTurnover |
32.00%
|
| Additional Fund Statistics [Text Block] |
- Total Net Assets$3,987,720,630
- Number of Portfolio Holdings538
- Portfolio Turnover Rate32%
- Advisory Fees Paid$16,616,410
|
| Holdings [Text Block] |
ASSET CLASS WEIGHTINGS (as a % of Net Assets)Table SummaryValue | Value |
|---|
Residential Mortgage-Backed Securities | 29.00% | Asset-Backed Securities | 26.65% | Commercial Mortgage-Backed Securities | 25.23% | Short Term Investments | 10.20% | Government Bonds | 9.49% | Bank Loans | 2.39% | Corporate Bonds | 0.32% | Preferred Stocks | 0.21% | Convertible Corporate Bonds | 0.11% | Common Stocks | 0.01% | Cash, Cash Equivalents, & Other Net Assets | (3.61)% | |
| Largest Holdings [Text Block] |
TOP TEN HOLDINGS (as a % of Net Assets)Table SummaryTop 10 | Top 10 |
|---|
U.S. Treasury Note 3.88%, due 08/15/2034 | 6.08% | U.S. Treasury Note 4.63%, due 02/15/2035 | 2.56% | RCO X Mortgage LLC, Series 2025-5, Class A1 | 1.03% | U.S. Treasury Bond 4.25%, due 05/15/2035 | 0.85% | RCO IX Mortgage LLC, Series 2025-4, Class A1 | 0.84% | Center Street Lending Resi-Investor ABS Mortgage Trust, Series 2026-RTL1, Class A1 | 0.81% | INTOWN Mortgage Trust, Series 2025-STAY, Class D | 0.70% | MCR Mortgage Trust, Series 2024-TWA, Class E | 0.65% | FREMF Mortgage Trust, Series 2019-KL05, Class CP | 0.64% | RCO X Mortgage LLC, Series 2026-1, Class A1 | 0.61% | Top Ten Holdings | 14.77% | |
| Material Fund Change [Text Block] |
There have been no material fund Changes during the reporting period. |
