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Trending ETFs

Name

As of 03/25/2024

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

$27.93

$80.2 M

0.00%

2.20%

Vitals

YTD Return

4.1%

1 yr return

15.5%

3 Yr Avg Return

3.7%

5 Yr Avg Return

9.7%

Net Assets

$80.2 M

Holdings in Top 10

62.8%

52 WEEK LOW AND HIGH

$28.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.20%

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 03/25/2024

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

$27.93

$80.2 M

0.00%

2.20%

HMXIX - Profile

Distributions

  • YTD Total Return 4.1%
  • 3 Yr Annualized Total Return 3.7%
  • 5 Yr Annualized Total Return 9.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.97%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    AlphaCentric Premium Opportunity Fund
  • Fund Family Name
    AlphaCentric Funds
  • Inception Date
    Sep 01, 2011
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Russell 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.

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HMXIX - Performance

Return Ranking - Trailing

Period HMXIX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.1% -2.8% 240.8% 68.77%
1 Yr 15.5% -4.3% 140.6% 89.57%
3 Yr 3.7%* -8.3% 18.3% 1.28%
5 Yr 9.7%* -5.0% 17.3% 1.32%
10 Yr N/A* -4.6% 13.2% N/A

* Annualized

Return Ranking - Calendar

Period HMXIX Return Category Return Low Category Return High Rank in Category (%)
2023 13.4% -34.1% 904.0% 0.90%
2022 -10.6% -28.6% 438.4% 15.61%
2021 2.9% -93.5% 8.2% 25.52%
2020 25.1% -38.9% 19.8% 71.32%
2019 16.5% -10.9% 12.8% N/A

Total Return Ranking - Trailing

Period HMXIX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.1% -2.7% 244.0% 70.36%
1 Yr 15.5% -4.3% 140.6% 86.52%
3 Yr 3.7%* -8.3% 18.3% 1.28%
5 Yr 9.7%* -5.4% 17.3% 1.45%
10 Yr N/A* -4.6% 13.2% N/A

* Annualized

Total Return Ranking - Calendar

Period HMXIX Return Category Return Low Category Return High Rank in Category (%)
2023 13.4% -34.1% 904.0% 0.90%
2022 -10.6% -5.9% 438.4% 16.18%
2021 7.8% -81.2% 8.2% 34.48%
2020 27.9% -29.0% 19.8% 76.74%
2019 16.5% -10.9% 12.8% N/A

NAV & Total Return History


HMXIX - Holdings

Concentration Analysis

HMXIX Category Low Category High HMXIX % Rank
Net Assets 80.2 M 25 17.4 B 45.32%
Number of Holdings 35 2 508 46.18%
Net Assets in Top 10 48.6 M -6.66 M 5.12 B 44.66%
Weighting of Top 10 62.82% 11.3% 100.0% 24.00%

Top 10 Holdings

  1. T 0 1/4 03/15/24 25.59%
  2. FIRST AM-TR OB-X 11.67%
  3. T 0 3/8 04/15/24 6.37%
  4. B 04/18/24 6.36%
  5. FID-MM GOVT-I 5.33%
  6. T 2 7/8 06/15/25 3.16%
  7. T 0 3/8 09/15/24 3.13%
  8. SP500 EMINI OPTN Jan24C 0.47%
  9. SP500 EMINI OPTN Feb24C 0.41%
  10. SP500 EMINI FUT Mar24 0.32%

Asset Allocation

Weighting Return Low Return High HMXIX % Rank
Cash
54.38% -0.76% 100.29% 6.11%
Bonds
44.62% 0.00% 97.96% 11.07%
Other
1.01% 0.00% 45.92% 66.79%
Stocks
0.00% -3.92% 100.76% 91.22%
Preferred Stocks
0.00% 0.00% 3.08% 57.63%
Convertible Bonds
0.00% 0.00% 20.91% 59.54%

Bond Sector Breakdown

Weighting Return Low Return High HMXIX % Rank
Cash & Equivalents
17.00% 0.09% 100.00% 84.73%
Derivative
1.01% 0.00% 0.13% 58.40%
Securitized
0.00% 0.00% 22.63% 3.05%
Corporate
0.00% 0.00% 91.57% 62.60%
Municipal
0.00% 0.00% 97.57% 57.25%
Government
0.00% 0.00% 99.91% 10.31%

Bond Geographic Breakdown

Weighting Return Low Return High HMXIX % Rank
US
44.62% 0.00% 97.96% 11.07%
Non US
0.00% 0.00% 16.94% 57.63%

HMXIX - Expenses

Operational Fees

HMXIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.20% 0.20% 6.78% 5.76%
Management Fee 1.75% 0.20% 1.75% 97.01%
12b-1 Fee 0.00% 0.00% 1.00% 12.42%
Administrative Fee N/A 0.02% 0.28% N/A

Sales Fees

HMXIX 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

HMXIX 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.

HMXIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 456.80% 17.86%

HMXIX - Distributions

Dividend Yield Analysis

HMXIX Category Low Category High HMXIX % Rank
Dividend Yield 0.00% 0.00% 3.76% 60.22%

Dividend Distribution Analysis

HMXIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Monthly Annually

Net Income Ratio Analysis

HMXIX Category Low Category High HMXIX % Rank
Net Income Ratio -1.97% -2.54% 14.24% 61.89%

Capital Gain Distribution Analysis

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

Distributions History

View More +

HMXIX - 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