Name
As of 11/28/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
9.5%
1 yr return
7.5%
3 Yr Avg Return
1.5%
5 Yr Avg Return
8.4%
Net Assets
$80.2 M
Holdings in Top 10
81.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 3.20%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$2,500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/28/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
HMXCX - Profile
Distributions
- YTD Total Return 9.5%
- 3 Yr Annualized Total Return 1.5%
- 5 Yr Annualized Total Return 8.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -2.97%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameAlphaCentric Premium Opportunity Fund
-
Fund Family NameAlphaCentric Funds
-
Inception DateSep 30, 2016
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRussell Kellites
Fund Description
Under normal circumstances, the Fund seeks to achieve its investment objective by investing primarily in long and short futures and call and put options on futures on the S&P 500 Index (the “Index”); futures contracts on the Cboe Volatility Index; and cash and cash equivalents, including money market funds and treasury securities. The Fund may also invest in securities that represent the return of a securities index (such as exchange traded funds like the SPDR Trust Series I units); volatility exchange traded funds; and income securities of any maturity or credit quality (including lower quality fixed income securities, commonly referred to as “junk” bonds), and investment companies that invest in such income securities (including affiliated and unaffiliated investment companies).
The Fund’s strategy employs a rules-based program that seeks to achieve its investment objective in three ways: (1) the Fund collects premiums on options it sells; (2) the Fund may enter into positions designed to hedge or profit from either an increase or decrease in Index volatility; and (3) the Fund may increase or decrease the balance of puts and calls and futures based on market direction.
The Fund actively trades its portfolio investments, which may lead to higher transaction costs that may affect the Fund’s performance.
HMXCX - Performance
Return Ranking - Trailing
| Period | HMXCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.5% | -2.8% | 240.8% | 71.94% |
| 1 Yr | 7.5% | -4.3% | 140.6% | 91.30% |
| 3 Yr | 1.5%* | -8.3% | 18.3% | 2.56% |
| 5 Yr | 8.4%* | -5.0% | 17.3% | 3.83% |
| 10 Yr | N/A* | -4.6% | 13.2% | N/A |
* Annualized
Return Ranking - Calendar
| Period | HMXCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -11.5% | -34.1% | 904.0% | 1.80% |
| 2021 | 1.6% | -28.6% | 438.4% | 18.50% |
| 2020 | 23.7% | -93.5% | 8.2% | 35.86% |
| 2019 | 16.0% | -38.9% | 19.8% | 73.64% |
| 2018 | -7.0% | -10.9% | 12.8% | N/A |
Total Return Ranking - Trailing
| Period | HMXCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.5% | -2.7% | 244.0% | 72.33% |
| 1 Yr | 7.5% | -4.3% | 140.6% | 89.13% |
| 3 Yr | 1.5%* | -8.3% | 18.3% | 1.92% |
| 5 Yr | 8.4%* | -5.4% | 17.3% | 4.09% |
| 10 Yr | N/A* | -4.6% | 13.2% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | HMXCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -11.5% | -34.1% | 904.0% | 1.80% |
| 2021 | 6.8% | -5.9% | 438.4% | 19.08% |
| 2020 | 26.7% | -81.2% | 8.2% | 49.66% |
| 2019 | 16.0% | -29.0% | 19.8% | 79.07% |
| 2018 | -7.0% | -10.9% | 12.8% | N/A |
NAV & Total Return History
HMXCX - Holdings
Concentration Analysis
| HMXCX | Category Low | Category High | HMXCX % Rank | |
|---|---|---|---|---|
| Net Assets | 80.2 M | 25 | 17.4 B | 44.94% |
| Number of Holdings | 23 | 2 | 508 | 45.42% |
| Net Assets in Top 10 | 73.4 M | -6.66 M | 5.12 B | 44.27% |
| Weighting of Top 10 | 81.63% | 11.3% | 100.0% | 23.33% |
Top 10 Holdings
- T 0 3/8 10/31/23 22.57%
- T 0 1/4 03/15/24 21.46%
- FIRST AM-TR OB-X 21.39%
- T 0 3/8 04/15/24 5.35%
- B 04/18/24 5.33%
- FID-MM GOVT-I 4.47%
- CBOE VIX FUTURE Jul23 0.47%
- SP500 EMINI FUT Sep23 0.39%
- VIX US 08/16/23 C40 0.12%
- SP500 EMINI OPTN Aug23C 0.09%
Asset Allocation
| Weighting | Return Low | Return High | HMXCX % Rank | |
|---|---|---|---|---|
| Bonds | 54.71% | 0.00% | 97.96% | 10.69% |
| Cash | 44.35% | -0.76% | 100.29% | 5.73% |
| Other | 0.95% | 0.00% | 45.92% | 27.86% |
| Stocks | 0.00% | -3.92% | 100.76% | 90.84% |
| Preferred Stocks | 0.00% | 0.00% | 3.08% | 12.60% |
| Convertible Bonds | 0.00% | 0.00% | 20.91% | 14.89% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | HMXCX % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 25.85% | 0.09% | 100.00% | 84.35% |
| Derivative | 0.95% | 0.00% | 0.13% | 11.45% |
| Securitized | 0.00% | 0.00% | 22.63% | 2.67% |
| Corporate | 0.00% | 0.00% | 91.57% | 21.37% |
| Municipal | 0.00% | 0.00% | 97.57% | 10.69% |
| Government | 0.00% | 0.00% | 99.91% | 9.92% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | HMXCX % Rank | |
|---|---|---|---|---|
| US | 54.71% | 0.00% | 97.96% | 10.69% |
| Non US | 0.00% | 0.00% | 16.94% | 11.83% |
HMXCX - Expenses
Operational Fees
| HMXCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 3.20% | 0.20% | 6.78% | 1.23% |
| Management Fee | 1.75% | 0.20% | 1.75% | 95.52% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 89.08% |
| Administrative Fee | N/A | 0.02% | 0.28% | N/A |
Sales Fees
| HMXCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 4.75% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| HMXCX 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.
| HMXCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 456.80% | 4.91% |
HMXCX - Distributions
Dividend Yield Analysis
| HMXCX | Category Low | Category High | HMXCX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 3.76% | 16.36% |
Dividend Distribution Analysis
| HMXCX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Monthly | Annually |
Net Income Ratio Analysis
| HMXCX | Category Low | Category High | HMXCX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -2.97% | -2.54% | 14.24% | 95.08% |
Capital Gain Distribution Analysis
| HMXCX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
HMXCX - Fund Manager Analysis
Managers
Russell Kellites
Start Date
Tenure
Tenure Rank
Sep 30, 2016
5.67
5.7%
Russell Kellites has been a portfolio manager at AlphaCentric Advisors LLC since 2016 and has served as Managing Director of Theta Capital Partners since 2008. Prior to joining Theta Capital Partners, Mr. Kellites’ employment includes Goldman Sachs & Co where he was an Associate and Merrill Lynch & Co where he was a Vice President. Mr. Kellites attended Columbia University where he received a BS in computer science (cum laude), matriculated in the MS computer science program, with a focus in artificial intelligence, and received an MBA.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 19.77 | 3.61 | 5.67 |