AAIDX CEF — Axonic Alternative Income Fund

Axonic Alternative Income Fund (AAIDX)

AAIDX is a CEF. its distribution rate is 9.20%, its trailing-12-month yield is 12.49%, its expense ratio is 3.16%. Dividend Vision Distribution Safety Score™ is 50/100 (Caution). Total return is 56.3% over the past 7.7 years, 188.2 points behind SPY at 244.5%.

At the current 9.20% distribution rate, a $10,000 investment would generate approximately $920 per year, or $76.67 per month.

Axonic Alternative Income Fund is a closed-end fund that invests in fixed income securities with the goal of generating regular income. The fund distributes income monthly and currently offers a high distribution rate. An expense ratio is not available for this fund.

AAIDX performance versus SPY

Price and return data through 2026-09-18.

Total return is 56.3% over the past 7.7 years, 188.2 points behind SPY at 244.5%. Over the past year its total return — price change plus distributions reinvested — is 9.8%. Its deepest 1-year drawdown was 0.3%.

AAIDX key facts

Distribution Safety Score™

50 · Caution

Safety-Adjusted Yield

4.60%

Issuer

Axonic Alternative

Asset type

CEF

Asset class

Fixed Income

Inception date

12/28/2018

Expense ratio

3.16%

Distribution rate

9.20%

Distribution frequency

Monthly

Trailing yield

12.49%

Last close

$19.98 (stale; as of 2026-09-18)

NAV

N/A

Premium / discount

N/A

Average volume

0.0

Last dividend

$0.1531

Last ex-dividend date

08/31/2026

Last payment date

09/01/2026

How Dividend Vision calculates yield and returns

Distribution rate (9.20%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (12.49%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Axonic Alternative; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

AAIDX risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 0.3%.

Who may consider AAIDX — and who may not

It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from Axonic Alternative.