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Name

As of 01/24/2022

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

FS Alternative Income Opportunities Fund

FGMIX | Fund

$9.20

$6.56 M

0.00%

1.65%

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

$9.2
$9.16
$10.14

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 01/24/2022

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

FS Alternative Income Opportunities Fund

FGMIX | Fund

$9.20

$6.56 M

0.00%

1.65%

FGMIX - 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%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    FS Alternative Income Opportunities Fund
  • Fund Family Name
    FS Investments
  • Inception Date
    Dec 31, 2018
  • Shares Outstanding
    2500
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Scott Burr

Fund Description

FGMIX - Performance

Return Ranking - Trailing

Period FGMIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -73.0% 19.4% 60.93%
1 Yr -4.1% -9.1% 86.9% 87.64%
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 FGMIX Return Category Return Low Category Return High Rank in Category (%)
2023 -5.3% -22.7% 305.1% 72.59%
2022 -2.7% -9.8% 27.3% 85.89%
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 FGMIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -73.0% 19.4% 60.93%
1 Yr -9.6% -13.4% 86.9% 94.18%
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 FGMIX Return Category Return Low Category Return High Rank in Category (%)
2023 -5.3% -22.7% 305.1% 72.59%
2022 -2.7% -9.8% 27.3% 86.29%
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

FGMIX - Holdings

Concentration Analysis

FGMIX Category Low Category High FGMIX % Rank
Net Assets 6.56 M 1.5 M 5.01 B 96.31%
Number of Holdings 64 4 4478 81.63%
Net Assets in Top 10 4.03 M -398 M 2.55 B 89.40%
Weighting of Top 10 59.08% 13.1% 100.0% 35.32%

Top 10 Holdings

  1. Long: Nmx2xbic1 Trs Usd R E Bbg00mvl1614/Nmx2xbic / Short: Nmx2xbic1 Trs Us 98.12%
  2. Long: Nmx2xbic1 Trs Usd R E Bbg00mvl1614/Nmx2xbic / Short: Nmx2xbic1 Trs Us 98.12%
  3. Long: Nmx2xbic1 Trs Usd R E Bbg00mvl1614/Nmx2xbic / Short: Nmx2xbic1 Trs Us 98.12%
  4. Long: Nmx2xbic1 Trs Usd R E Bbg00mvl1614/Nmx2xbic / Short: Nmx2xbic1 Trs Us 98.12%
  5. Long: Nmx2xbic1 Trs Usd R E Bbg00mvl1614/Nmx2xbic / Short: Nmx2xbic1 Trs Us 98.12%
  6. Long: Nmx2xbic1 Trs Usd R E Bbg00mvl1614/Nmx2xbic / Short: Nmx2xbic1 Trs Us 98.12%
  7. Long: Nmx2xbic1 Trs Usd R E Bbg00mvl1614/Nmx2xbic / Short: Nmx2xbic1 Trs Us 98.12%
  8. Long: Nmx2xbic1 Trs Usd R E Bbg00mvl1614/Nmx2xbic / Short: Nmx2xbic1 Trs Us 98.12%
  9. Long: Nmx2xbic1 Trs Usd R E Bbg00mvl1614/Nmx2xbic / Short: Nmx2xbic1 Trs Us 98.12%
  10. Long: Nmx2xbic1 Trs Usd R E Bbg00mvl1614/Nmx2xbic / Short: Nmx2xbic1 Trs Us 98.12%

Asset Allocation

Weighting Return Low Return High FGMIX % Rank
Cash 		74.07% -6278.21% 410.43% 42.76%
Bonds 		24.20% -326.45% 6347.80% 13.43%
Convertible Bonds 		2.46% 0.00% 87.92% 66.43%
Stocks 		0.27% -3.75% 97.95% 53.00%
Preferred Stocks 		0.00% -0.12% 46.97% 51.59%
Other 		-1.00% -21.53% 148.54% 100.00%

Stock Sector Breakdown

Weighting Return Low Return High FGMIX % 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 FGMIX % Rank
US 		0.27% -8.85% 91.88% 32.51%
Non US 		0.00% -19.62% 42.11% 85.87%

Bond Sector Breakdown

Weighting Return Low Return High FGMIX % Rank
Cash & Equivalents 		53.79% 0.27% 100.00% 62.19%
Corporate 		46.21% 0.00% 87.73% 3.18%
Derivative 		0.00% 0.00% 88.81% 78.80%
Securitized 		0.00% 0.00% 56.83% 60.78%
Municipal 		0.00% 0.00% 27.33% 35.69%
Government 		0.00% 0.00% 84.29% 89.75%

Bond Geographic Breakdown

Weighting Return Low Return High FGMIX % Rank
US 		19.24% -126.19% 6311.18% 12.72%
Non US 		4.96% -382.37% 121.02% 38.52%

FGMIX - Expenses

Operational Fees

FGMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.65% 0.29% 31.15% 1.08%
Management Fee 1.15% 0.00% 2.50% 60.07%
12b-1 Fee 0.25% 0.00% 1.00% 29.05%
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

FGMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 2.50% 5.75% 7.69%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FGMIX 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.

FGMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 491.00% 38.71%

FGMIX - Distributions

Dividend Yield Analysis

FGMIX Category Low Category High FGMIX % Rank
Dividend Yield 0.00% 0.00% 4.56% 2.12%

Dividend Distribution Analysis

FGMIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

FGMIX Category Low Category High FGMIX % Rank
Net Income Ratio 0.12% -2.51% 6.83% 62.95%

Capital Gain Distribution Analysis

FGMIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

FGMIX - Fund Manager Analysis

Managers

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.

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 17.37 4.48 1.67

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