AlphaCentric Premium Opportunity Fund (HMXIX)

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The chart shows the growth of an initial investment of $10,000 in AlphaCentric Premium Opportunity Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

AlphaCentric Premium Opportunity Fund (HMXIX) has returned -5.46% so far this year and 8.00% over the past 12 months. Over the last ten years, HMXIX has returned 6.28% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Aug 31, 2012, HMXIX's average daily return is +0.04%, while the average monthly return is +0.62%. At this rate, your investment would double in approximately 9.3 years.

Historically, 71% of months were positive and 29% were negative. The best month was Mar 2020 with a return of +17.4%, while the worst month was Feb 2018 at -12.1%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 3 months.

On a daily basis, HMXIX closed higher 55% of trading days. The best single day was Mar 13, 2020 with a return of +8.9%, while the worst single day was Feb 6, 2018 at -10.0%.

AlphaCentric Premium Opportunity Fund has an annualized alpha of 5.92%, beta of 0.38, and R² of 0.40 versus S&P 500 Index. Calculated based on daily prices since September 28, 2012.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (44.41%) than losses (24.89%) — typical of diversified or defensive assets.
• Beta of 0.38 may look defensive, but with R² of 0.40 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.40 means the benchmark explains less than half of this fund's behavior — treat beta with caution or consider switching to a more representative benchmark.

HMXIX has a high expense ratio of 1.99%, indicating above-average management fees.

HMXIX ranks 20 for risk / return — below 20% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for AlphaCentric Premium Opportunity Fund (HMXIX) and compare them to a chosen benchmark (S&P 500 Index).

AlphaCentric Premium Opportunity Fund provided a 6.48% dividend yield over the last twelve months, with an annual payout of $1.80 per share.

The table displays the monthly dividend distributions for AlphaCentric Premium Opportunity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the AlphaCentric Premium Opportunity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the AlphaCentric Premium Opportunity Fund was 15.80%, occurring on Apr 21, 2025. Recovery took 67 trading sessions.

The current AlphaCentric Premium Opportunity Fund drawdown is 8.02%.

The chart below shows the rolling one-month volatility.