Fund Assets | 250.59M |
Expense Ratio | 1.99% |
Min. Investment | $2,500 |
Turnover | 6.00% |
Dividend (ttm) | 0.58 |
Dividend Yield | 7.62% |
Dividend Growth | 0.29% |
Payout Frequency | Monthly |
Ex-Dividend Date | n/a |
Previous Close | 7.29 |
YTD Return | 1.18% |
1-Year Return | -0.41% |
5-Year Return | -6.73% |
52-Week Low | 7.07 |
52-Week High | 7.75 |
Beta (5Y) | 0.14 |
Holdings | 83 |
Inception Date | May 28, 2015 |
About IOFAX
The AlphaCentric Income Opportunities Fund Class A is a mutual fund specializing in the multisector bond category. Its central objective is to provide investors with income by diversifying across various segments of the fixed-income market. The fund primarily invests in asset-backed fixed income securities, including bonds issued by U.S. organizations, U.S. government obligations, corporate bonds, and sometimes high-yield and foreign debt securities. By spreading assets across sectors, the fund aims to balance risk and capitalize on income opportunities not available in single-sector strategies. This fund is particularly notable for its flexible approach, targeting a mix of securities that may include those rated below investment grade, which can add diversification and potential for higher yields. It is managed with a focus on both capital preservation and appreciation, making it relevant for those seeking broad-based fixed income exposure. The AlphaCentric Income Opportunities Fund Class A serves a role in portfolios as a source of income and diversification, often appealing to investors who wish to access a range of fixed-income instruments under a single investment vehicle.
Performance
IOFAX had a total return of -0.41% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.93%.
Top 10 Holdings
55.80% of assetsName | Symbol | Weight |
---|---|---|
Carrington Mortgage Loan Trust - CARR 2006-FRE1 M1 | CARR.2006-FRE1 M1 | 13.44% |
CIT Mtg Ln Tr - CITM 2007-1 1M3 | CITM.2007-1 1M3 | 9.03% |
Option One Mortgage Loan Trust - OOMLT 2007-CP1 M1 | OOMLT.2007-CP1 M1 | 5.98% |
Freddie Mac Seasoned Credit Risk Transfer Trust Series 2017-2 - SCRT 2018-3 BX | SCRT.2018-3 BX | 4.99% |
Citigroup Mortgage Loan Trust Inc. - CMLTI 2007-AHL1 M2 | CMLTI.2007-AHL1 M2 | 4.34% |
CIT Mtg Ln Tr - CITM 2007-1 2M3 | CITM.2007-1 2M3 | 4.34% |
Carrington Mortgage Loan Trust - CARR 2007-RFC1 M1 | CARR.2007-RFC1 M1 | 4.32% |
RAAC Series 2007-SP3 Trust - RAAC 2007-SP3 M1 | RAAC.2007-SP3 M1 | 3.42% |
Nationstar Home Equity Loan Trust - NSTR 2007-B M2 | NSTR.2007-B M2 | 3.18% |
1ST Franklin Ff9 - FFML 2006-FF9 M1 | FFML.2006-FF9 M1 | 2.76% |
Dividend History
Ex-Dividend | Amount | Pay Date |
---|---|---|
Jul 30, 2025 | $0.0483 | Jul 31, 2025 |
Jun 27, 2025 | $0.0486 | Jun 30, 2025 |
May 29, 2025 | $0.0485 | May 30, 2025 |
Apr 29, 2025 | $0.0486 | Apr 30, 2025 |
Mar 28, 2025 | $0.0485 | Mar 31, 2025 |
Feb 27, 2025 | $0.0487 | Feb 28, 2025 |