Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.
AlphaCentric Income Opportunities I IOFIX
- NAV / 1-Day Return 7.49 / +0.27 %
- Total Assets 293.8 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.650%
- Distribution Fee Level High
- Share Class Type Institutional
- Category Multisector Bond
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 2,500
- Status Open
- TTM Yield 8.03%
- Effective Duration —
USD | NAV as of Jul 05, 2024 | 1-Day Return as of Jul 05, 2024, 10:19 PM GMT+0
Morningstar’s Analysis IOFIX
Will IOFIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 36.3
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Carrington Mtg Ln 3.5969% | 9.95 | 34.1 Mil | Securitized |
CIT Mtg Ln Tr 5.20336% | 9.02 | 30.9 Mil | Securitized |
Option One Mortgage Loan Trust 0.0001% | 3.86 | 13.2 Mil | Securitized |
TOWD POINT MORTGAGE TRUST 4.163% | 3.71 | 12.7 Mil | Securitized |
Freddie Mac Seasoned Credit Risk Transfer Trust 0.7972% | 3.63 | 12.4 Mil | Securitized |
Carrington Mtg Ln 0.0001% | 3.24 | 11.1 Mil | Securitized |
Citigroup Mortgage Loan Trust 2.3605% | 3.11 | 10.7 Mil | Securitized |
CIT Mtg Ln Tr 4.79077% | 2.94 | 10.1 Mil | Securitized |
NEW RESIDENTIAL MORTGAGE LOAN TRUST 2019-RPL3 4.0064% | 2.90 | 9.9 Mil | Securitized |
Abfc Trust 0.18769% | 2.73 | 9.4 Mil | Securitized |