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ISIN
US62827M1449
CUSIP
62827M144
Inception Date
May 27, 2015
Min. Investment
$2,500
Distribution Policy
Distributing
Asset Class
Bond

Share Price Chart


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Performance

IOFIX Performance Chart

AlphaCentric Income Opportunities Fund (IOFIX) is down 0.8% since the beginning of the year. IOFIX is currently trading at $7 per share. Investors who bought $1,000 worth of IOFIX shares 5 years ago would now be looking at an investment worth $846.


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S&P 500 Index

Returns By Period

AlphaCentric Income Opportunities Fund (IOFIX) has returned -0.84% so far this year and 5.38% over the past 12 months. Over the last ten years, IOFIX has returned 1.37% per year, falling short of the S&P 500 Index benchmark, which averaged 13.24% annually.


AlphaCentric Income Opportunities Fund

1D
0.00%
1M
-0.70%
YTD
-0.84%
6M
-0.84%
1Y
5.38%
3Y*
1.14%
5Y*
-3.30%
10Y*
1.37%

Benchmark (S&P 500 Index)

1D
-1.62%
1M
-1.97%
YTD
6.16%
6M
5.52%
1Y
20.34%
3Y*
19.12%
5Y*
11.34%
10Y*
13.24%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IOFIX Monthly Returns History

Based on dividend-adjusted daily data since Jan 4, 2016, IOFIX's average daily return is +0.01%, while the average monthly return is +0.24%. At this rate, an investment would double in approximately 24.1 years.

Historically, 69% of months were positive and 31% were negative. The best month was Apr 2020 with a return of +8.8%, while the worst month was Mar 2020 at -37.9%. The longest winning streak lasted 21 consecutive months, and the longest losing streak was 6 months.

On a daily basis, IOFIX closed higher 38% of trading days. The best single day was Mar 26, 2020 with a return of +4.8%, while the worst single day was Mar 20, 2020 at -17.2%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.27%1.22%-1.21%-0.55%0.00%-0.56%-0.84%
2025-1.36%1.93%0.00%-0.82%1.39%3.32%-0.54%-0.14%2.75%1.21%0.81%-0.40%8.34%
2024-0.25%-0.63%0.38%-2.44%0.40%-0.13%2.01%1.98%1.05%-1.82%1.20%-1.99%-0.35%
20231.10%-0.11%-3.42%-0.11%0.58%0.00%-0.58%-0.94%-2.75%-4.21%0.39%4.69%-5.52%
20220.16%-1.48%-3.35%-1.22%-10.52%-3.77%-0.52%1.46%-2.69%-1.81%-1.09%1.22%-21.68%
20212.90%2.03%0.43%0.87%0.86%0.69%1.29%1.19%1.77%1.33%0.00%0.66%14.92%

Benchmark Metrics

AlphaCentric Income Opportunities Fund has an annualized alpha of 1.16%, beta of 0.07, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since January 04, 2016.

  • This fund participated in 36.79% of S&P 500 Index downside but only 20.05% of its upside - more exposed to losses than it benefited from rallies.
  • Beta of 0.07 may look defensive, but with R2 of 0.02 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 0.02 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
1.16%
Beta
0.07
0.02
Upside Capture
20.05%
Downside Capture
36.79%

Expense Ratio

IOFIX has a high expense ratio of 1.65%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

IOFIX ranks 31 for risk / return — below 31% 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.


IOFIX Risk / Return Rank: 3131
Overall Rank
IOFIX Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
IOFIX Sortino Ratio Rank: 3434
Sortino Ratio Rank
IOFIX Omega Ratio Rank: 3434
Omega Ratio Rank
IOFIX Calmar Ratio Rank: 3232
Calmar Ratio Rank
IOFIX Martin Ratio Rank: 2525
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for AlphaCentric Income Opportunities Fund (IOFIX) and compare them to S&P 500 Index.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.


IOFIXBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-0.35

Sortino ratioReturn per unit of downside risk

-0.20

Omega ratioGain probability vs. loss probability

1.26

1.30

-0.04

Calmar ratioReturn relative to maximum drawdown

1.86

2.25

-0.39

Martin ratioReturn relative to average drawdown

5.31

10.14

-4.83

Dividends

Dividend History

AlphaCentric Income Opportunities Fund provided a 8.47% dividend yield over the last twelve months, with an annual payout of $0.60 per share.


4.00%5.00%6.00%7.00%8.00%$0.00$0.10$0.20$0.30$0.40$0.50$0.602016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM2025202420232022202120202019201820172016
Dividend$0.60$0.55$0.60$0.60$0.50$0.48$0.53$0.61$0.62$0.59$0.56

Dividend yield

8.47%7.44%8.16%7.52%5.51%3.94%4.76%4.70%5.06%4.83%4.97%

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.05$0.05$0.05$0.05$0.05$0.00$0.25
2025$0.00$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.55
2024$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
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

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.


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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 21.13%.


Related event

Drawdown

Fall

Recovery

Underwater

COVID crash2020
-45.49%Mar 2020
16d
6y 3moMar 2020 - now
Rate-hike selloffLate 2018
-1.29%Nov 2018
0s2mo 27d
2mo 27dNov 2018 - Feb 2019
2016 pullback2016
-1.16%Feb 2016
1mo 10d1mo 11d
2mo 21dJan 2016 - Mar 2016
2018 pullback2018
-0.90%Jan 2018
1mo 8d26d
2mo 4dNov 2017 - Jan 2018
2019 pullback2019
-0.79%Apr 2019
5d22d
27dApr 2019 - May 2019

Drawdown Indicators


IOFIXBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-45.49%

-56.78%

+11.29%

Max Drawdown (1Y)

Largest decline over 1 year

-2.98%

-9.10%

+6.12%

Max Drawdown (3Y)

Largest decline over 3 years

-9.74%

-18.90%

+9.16%

Max Drawdown (5Y)

Largest decline over 5 years

-30.50%

-25.43%

-5.07%

Max Drawdown (10Y)

Largest decline over 10 years

-45.49%

-33.92%

-11.57%

Current Drawdown

Current decline from peak

-21.13%

-4.50%

-16.63%

Average Drawdown

Average peak-to-trough decline

-11.78%

-10.72%

-1.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.04%

2.01%

-0.97%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

Build a portfolio with IOFIX

Add AlphaCentric Income Opportunities Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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