AlphaCentric Income Opportunities Fund (IOFIX)
The fund seeks to achieve its investment objective by primarily investing in asset-backed fixed income securities, such as securities backed by credit card receivables, automobiles, aircraft, student loans, equipment leases, and agency and non-agency residential and commercial mortgages. Asset-backed securities in which the fund may invest also include collateralized debt obligations ("CDOs"), collateralized loan obligations ("CLOs") and privately-offered collateralized loans.
Fund Info
| ISIN | US62827M1449 |
|---|---|
| CUSIP | 62827M144 |
| Issuer | AlphaCentric Funds |
| Inception Date | May 27, 2015 |
| Category | Multisector Bonds |
| Min. Investment | $2,500 |
| Asset Class | Bond |
Expense Ratio
IOFIX has a high expense ratio of 1.65%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: IOFIX vs. SPY, IOFIX vs. VOO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in AlphaCentric Income Opportunities Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
AlphaCentric Income Opportunities Fund had a return of 1.66% year-to-date (YTD) and -0.23% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.66% | 15.38% |
| 1 month | 0.91% | 5.03% |
| 6 months | 1.90% | 6.71% |
| 1 year | -0.23% | 23.24% |
| 5 years (annualized) | -4.60% | 13.10% |
| 10 years (annualized) | N/A | 10.67% |
Monthly Returns
The table below presents the monthly returns of IOFIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.25% | -0.63% | 0.38% | -2.44% | 0.40% | -0.13% | 2.01% | 1.98% | 1.66% | ||||
| 2023 | 1.10% | -0.11% | -3.42% | -0.12% | 0.58% | 0.00% | -0.58% | -0.94% | -2.75% | -4.21% | 0.39% | 4.69% | -5.52% |
| 2022 | 0.16% | -1.48% | -3.35% | -1.22% | -10.53% | -3.77% | -0.52% | 1.46% | -2.69% | -1.81% | -1.09% | 1.22% | -21.68% |
| 2021 | 2.90% | 2.03% | 0.43% | 0.87% | 0.87% | 0.69% | 1.29% | 1.19% | 1.77% | 1.33% | -0.00% | 0.66% | 14.92% |
| 2020 | 1.77% | 1.06% | -37.94% | 8.82% | 6.17% | 4.71% | 2.77% | 4.41% | 2.89% | 0.94% | 1.78% | 2.12% | -10.56% |
| 2019 | 0.83% | 0.01% | 1.49% | 0.91% | 1.39% | 0.82% | 1.12% | 2.38% | 0.47% | 1.48% | 0.46% | 0.00% | 11.93% |
| 2018 | 0.66% | -0.07% | 0.58% | 0.75% | 0.42% | 0.58% | 0.26% | 1.48% | 0.50% | 0.09% | -0.80% | -0.08% | 4.45% |
| 2017 | 0.42% | 1.58% | 0.86% | 0.59% | 2.43% | 0.85% | 1.10% | 2.79% | 1.66% | 0.66% | 0.58% | -0.26% | 14.04% |
| 2016 | -0.51% | -0.14% | 0.98% | 3.04% | 0.42% | 0.42% | 1.51% | 0.24% | 2.05% | 0.33% | 0.69% | 0.40% | 9.78% |
| 2015 | 0.00% | 5.60% | 2.13% | 0.51% | 0.05% | 0.79% | 0.32% | 0.89% | 10.64% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of IOFIX is 2, indicating that it is in the bottom 2% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for AlphaCentric Income Opportunities Fund (IOFIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
AlphaCentric Income Opportunities Fund granted a 7.79% dividend yield in the last twelve months. The annual payout for that period amounted to $0.60 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.60 | $0.60 | $0.50 | $0.48 | $0.53 | $0.61 | $0.62 | $0.59 | $0.56 | $0.24 |
Dividend yield | 7.79% | 7.52% | 5.51% | 3.94% | 4.76% | 4.70% | 5.07% | 4.83% | 4.97% | 2.22% |
Monthly Dividends
The table displays the monthly dividend distributions for AlphaCentric Income Opportunities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.40 | |||
| 2023 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.60 |
| 2022 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.50 |
| 2021 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.48 |
| 2020 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.53 |
| 2019 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.61 |
| 2018 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.62 |
| 2017 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.59 |
| 2016 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.56 |
| 2015 | $0.01 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.24 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the AlphaCentric Income Opportunities 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 Income Opportunities Fund was 45.49%, occurring on Mar 25, 2020. The portfolio has not yet recovered.
The current AlphaCentric Income Opportunities Fund drawdown is 25.11%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -45.49% | Mar 9, 2020 | 13 | Mar 25, 2020 | — | — | — |
| -1.43% | Jan 7, 2016 | 27 | Feb 16, 2016 | 28 | Mar 28, 2016 | 55 |
| -1.29% | Nov 20, 2018 | 1 | Nov 20, 2018 | 58 | Feb 15, 2019 | 59 |
| -0.9% | Nov 27, 2017 | 27 | Jan 4, 2018 | 17 | Jan 30, 2018 | 44 |
| -0.79% | Apr 25, 2019 | 4 | Apr 30, 2019 | 16 | May 22, 2019 | 20 |
Volatility
Volatility Chart
The current AlphaCentric Income Opportunities Fund volatility is 0.91%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.