FS Alternative Income Opportunities Fd A
Name
As of 01/24/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.2%
1 yr return
-4.1%
3 Yr Avg Return
-0.6%
5 Yr Avg Return
N/A
Net Assets
$6.56 M
Holdings in Top 10
59.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.65%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 01/24/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FGMCX - Profile
Distributions
- YTD Total Return -0.2%
- 3 Yr Annualized Total Return -2.6%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.12%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameFS Alternative Income Opportunities Fund
-
Fund Family NameFS Investments
-
Inception DateDec 31, 2018
-
Shares Outstanding2500
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMichael Kelly
Fund Description
FGMCX - Performance
Return Ranking - Trailing
Period | FGMCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.2% | -73.0% | 19.4% | 59.14% |
1 Yr | -4.1% | -9.1% | 86.9% | 87.27% |
3 Yr | -0.6%* | -9.5% | 16.2% | N/A |
5 Yr | N/A* | -4.9% | 14.4% | N/A |
10 Yr | N/A* | -0.9% | 7.5% | N/A |
* Annualized
Return Ranking - Calendar
Period | FGMCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -5.3% | -22.7% | 305.1% | 73.70% |
2022 | -2.8% | -9.8% | 27.3% | 85.48% |
2021 | 0.1% | -20.8% | 10.9% | N/A |
2020 | N/A | -12.4% | 29.4% | N/A |
2019 | N/A | -10.5% | 15.8% | N/A |
Total Return Ranking - Trailing
Period | FGMCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.2% | -73.0% | 19.4% | 59.14% |
1 Yr | -9.6% | -13.4% | 86.9% | 93.82% |
3 Yr | -2.6%* | -9.5% | 16.2% | N/A |
5 Yr | N/A* | -5.3% | 14.4% | N/A |
10 Yr | N/A* | -0.9% | 7.5% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | FGMCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -5.3% | -22.7% | 305.1% | 73.70% |
2022 | -2.8% | -9.8% | 27.3% | 85.89% |
2021 | 0.1% | -20.8% | 10.9% | N/A |
2020 | N/A | -8.4% | 29.4% | N/A |
2019 | N/A | -10.2% | 18.0% | N/A |
NAV & Total Return History
FGMCX - Holdings
Concentration Analysis
FGMCX | Category Low | Category High | FGMCX % Rank | |
---|---|---|---|---|
Net Assets | 6.56 M | 1.5 M | 5.01 B | 95.94% |
Number of Holdings | 64 | 4 | 4478 | 81.27% |
Net Assets in Top 10 | 4.03 M | -398 M | 2.55 B | 89.05% |
Weighting of Top 10 | 59.08% | 13.1% | 100.0% | 34.86% |
Top 10 Holdings
- Long: Nmx2xbic1 Trs Usd R E Bbg00mvl1614/Nmx2xbic / Short: Nmx2xbic1 Trs Us 98.12%
- Long: Nmx2xbic1 Trs Usd R E Bbg00mvl1614/Nmx2xbic / Short: Nmx2xbic1 Trs Us 98.12%
- Long: Nmx2xbic1 Trs Usd R E Bbg00mvl1614/Nmx2xbic / Short: Nmx2xbic1 Trs Us 98.12%
- Long: Nmx2xbic1 Trs Usd R E Bbg00mvl1614/Nmx2xbic / Short: Nmx2xbic1 Trs Us 98.12%
- Long: Nmx2xbic1 Trs Usd R E Bbg00mvl1614/Nmx2xbic / Short: Nmx2xbic1 Trs Us 98.12%
- Long: Nmx2xbic1 Trs Usd R E Bbg00mvl1614/Nmx2xbic / Short: Nmx2xbic1 Trs Us 98.12%
- Long: Nmx2xbic1 Trs Usd R E Bbg00mvl1614/Nmx2xbic / Short: Nmx2xbic1 Trs Us 98.12%
- Long: Nmx2xbic1 Trs Usd R E Bbg00mvl1614/Nmx2xbic / Short: Nmx2xbic1 Trs Us 98.12%
- Long: Nmx2xbic1 Trs Usd R E Bbg00mvl1614/Nmx2xbic / Short: Nmx2xbic1 Trs Us 98.12%
- Long: Nmx2xbic1 Trs Usd R E Bbg00mvl1614/Nmx2xbic / Short: Nmx2xbic1 Trs Us 98.12%
Asset Allocation
Weighting | Return Low | Return High | FGMCX % Rank | |
---|---|---|---|---|
Cash | 74.07% | -6278.21% | 410.43% | 42.40% |
Bonds | 24.20% | -326.45% | 6347.80% | 13.07% |
Convertible Bonds | 2.46% | 0.00% | 87.92% | 66.08% |
Stocks | 0.27% | -3.75% | 97.95% | 52.65% |
Preferred Stocks | 0.00% | -0.12% | 46.97% | 51.24% |
Other | -1.00% | -21.53% | 148.54% | 99.65% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FGMCX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 9.23% | N/A |
Technology | 0.00% | 0.00% | 39.58% | N/A |
Real Estate | 0.00% | 0.00% | 51.26% | N/A |
Industrials | 0.00% | 0.00% | 21.45% | N/A |
Healthcare | 0.00% | 0.00% | 45.63% | N/A |
Financial Services | 0.00% | 0.00% | 59.28% | N/A |
Energy | 0.00% | 0.00% | 100.00% | N/A |
Communication Services | 0.00% | 0.00% | 21.78% | N/A |
Consumer Defense | 0.00% | 0.00% | 13.62% | N/A |
Consumer Cyclical | 0.00% | 0.00% | 29.09% | N/A |
Basic Materials | 0.00% | 0.00% | 27.46% | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FGMCX % Rank | |
---|---|---|---|---|
US | 0.27% | -8.85% | 91.88% | 32.16% |
Non US | 0.00% | -19.62% | 42.11% | 85.51% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FGMCX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 53.79% | 0.27% | 100.00% | 61.84% |
Corporate | 46.21% | 0.00% | 87.73% | 2.83% |
Derivative | 0.00% | 0.00% | 88.81% | 78.45% |
Securitized | 0.00% | 0.00% | 56.83% | 60.42% |
Municipal | 0.00% | 0.00% | 27.33% | 35.34% |
Government | 0.00% | 0.00% | 84.29% | 89.40% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FGMCX % Rank | |
---|---|---|---|---|
US | 19.24% | -126.19% | 6311.18% | 12.37% |
Non US | 4.96% | -382.37% | 121.02% | 38.16% |
FGMCX - Expenses
Operational Fees
FGMCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.65% | 0.29% | 31.15% | 0.72% |
Management Fee | 1.15% | 0.00% | 2.50% | 59.72% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 28.38% |
Administrative Fee | N/A | 0.01% | 0.30% | N/A |
Sales Fees
FGMCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | 2.50% | 5.75% | 5.77% |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
FGMCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
FGMCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 491.00% | 38.31% |
FGMCX - Distributions
Dividend Yield Analysis
FGMCX | Category Low | Category High | FGMCX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 4.56% | 2.47% |
Dividend Distribution Analysis
FGMCX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Quarterly | Annually |
Net Income Ratio Analysis
FGMCX | Category Low | Category High | FGMCX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.12% | -2.51% | 6.83% | 62.59% |
Capital Gain Distribution Analysis
FGMCX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jul 02, 2020 | $0.034 | |
Apr 02, 2020 | $0.034 | |
Dec 20, 2019 | $0.288 | |
Oct 02, 2019 | $0.064 | |
Jul 02, 2019 | $0.058 |
FGMCX - Fund Manager Analysis
Managers
Michael Kelly
Start Date
Tenure
Tenure Rank
Dec 31, 2018
3.0
3.0%
Michael Kelly has served as president of FS Investments since July 2017. Mr. Kelly has also served as chief investment officer of FS Investments since January 2015. Among other things, Mr. Kelly oversees the investment management and product development functions at FS Investments. Before joining FS Investments, Mr. Kelly was the chief executive officer of ORIX USA Asset Management (“ORIX”), where he led the company’s acquisition of Robeco, a $250 billion global asset management company and the largest acquisition in ORIX’s 50-year history. Mr. Kelly started his career on Wall Street at Salomon Brothers and went on to join hedge fund pioneers Omega Advisors and Tiger Management. Mr. Kelly then helped build and lead the hedge fund firm, FrontPoint Partners, where he first served as chief investment officer and eventually co-chief executive officer. Mr. Kelly is a graduate of Cornell University and earned his M.B.A. at Stanford University. Mr. Kelly is a co-founder and board member of the Spotlight Foundation, and serves as a trustee of the Tiger Foundation and the Stanford Business School Trust.
Scott Burr
Start Date
Tenure
Tenure Rank
Dec 31, 2018
3.0
3.0%
Scott Burr serves as a Portfolio Manager in the Investment Management group at FS Investments, where he is responsible for sub-adviser oversight, portfolio research and management of the firm’s liquid alternative fund offerings. Previously, Mr. Burr was a Principal at Investcorp where he was head of factor due diligence for risk premia and alternative beta strategies, portfolio manager for funds and customized model portfolios, and trader.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.02 | 17.37 | 4.48 | 1.67 |