AlphaCentric LifeSci Healthcare Fund (LYFIX)
The investment seeks long-term capital appreciation. The fund will invest at least 80% of its net assets plus borrowings for investment purposes in the securities of companies in the life sciences and healthcare sectors, which the advisor defines to be the category of companies related to producing or supplying facilities, supplies, technology, pharmaceuticals, equipment, devices or services for the preservation and care of a person's health. It will invest in the equity securities, primarily common stock, of these companies and may also invest, from time to time, in ETFs that primarily invest in these companies. It is non-diversified.
Fund Info
| ISIN | US62827P3376 |
|---|---|
| CUSIP | 62827P337 |
| Issuer | AlphaCentric Funds |
| Inception Date | Nov 28, 2019 |
| Category | Health & Biotech Equities |
| Min. Investment | $2,500 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
LYFIX has a high expense ratio of 1.40%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: LYFIX vs. PTH, LYFIX vs. IBB
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in AlphaCentric LifeSci Healthcare 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 LifeSci Healthcare Fund had a return of 10.21% year-to-date (YTD) and 8.18% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 10.21% | 18.10% |
| 1 month | 6.03% | 1.42% |
| 6 months | 14.83% | 10.08% |
| 1 year | 8.18% | 26.58% |
| 5 years (annualized) | N/A | 13.42% |
| 10 years (annualized) | N/A | 10.87% |
Monthly Returns
The table below presents the monthly returns of LYFIX, 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 | -4.02% | 3.30% | 0.08% | -8.42% | 2.89% | 1.16% | 9.89% | 6.18% | 10.21% | ||||
| 2023 | 17.84% | -4.11% | -5.36% | 2.94% | -1.47% | 1.56% | 6.15% | -4.35% | -7.43% | -10.76% | 4.37% | 11.13% | 7.19% |
| 2022 | -3.14% | -0.16% | 6.25% | -13.79% | -4.58% | 7.16% | 6.34% | -0.40% | -7.82% | 4.94% | 5.36% | 1.33% | -0.92% |
| 2021 | 3.00% | 3.23% | -4.24% | 1.73% | -1.20% | 3.19% | -9.71% | 9.18% | -2.45% | -1.87% | -7.54% | 4.79% | -3.43% |
| 2020 | -0.10% | -2.77% | -2.85% | 9.21% | 7.86% | 0.18% | -3.19% | 4.77% | 7.44% | 3.09% | 16.67% | 6.08% | 54.83% |
| 2019 | 1.20% | 1.20% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of LYFIX is 5, indicating that it is in the bottom 5% 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 LifeSci Healthcare Fund (LYFIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
AlphaCentric LifeSci Healthcare Fund granted a 2.39% dividend yield in the last twelve months. The annual payout for that period amounted to $0.34 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Dividend | $0.34 | $0.34 | $0.55 | $1.68 | $0.35 |
Dividend yield | 2.39% | 2.63% | 4.43% | 12.88% | 2.30% |
Monthly Dividends
The table displays the monthly dividend distributions for AlphaCentric LifeSci Healthcare 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.34 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 | $0.55 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.68 | $1.68 |
| 2020 | $0.35 | $0.35 |
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 LifeSci Healthcare 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 LifeSci Healthcare Fund was 35.33%, occurring on May 11, 2022. Recovery took 183 trading sessions.
The current AlphaCentric LifeSci Healthcare Fund drawdown is 1.90%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -35.33% | Feb 9, 2021 | 317 | May 11, 2022 | 183 | Feb 2, 2023 | 500 |
| -26.41% | Feb 3, 2023 | 185 | Oct 27, 2023 | — | — | — |
| -21.22% | Jan 17, 2020 | 40 | Mar 16, 2020 | 39 | May 11, 2020 | 79 |
| -6.49% | Sep 21, 2020 | 4 | Sep 24, 2020 | 7 | Oct 5, 2020 | 11 |
| -6.08% | Jan 26, 2021 | 4 | Jan 29, 2021 | 5 | Feb 5, 2021 | 9 |
Volatility
Volatility Chart
The current AlphaCentric LifeSci Healthcare Fund volatility is 4.21%, 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.