AlphaCentric Real Income Fund Class A (SIIAX)
| Fund Assets | 50.02M |
| Expense Ratio | 1.76% |
| Min. Investment | $2,500 |
| Turnover | 44.00% |
| Dividend (ttm) | 1.04 |
| Dividend Yield | 6.04% |
| Dividend Growth | -0.22% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 27, 2025 |
| Previous Close | 16.37 |
| YTD Return | 0.51% |
| 1-Year Return | 3.39% |
| 5-Year Return | n/a |
| 52-Week Low | 15.52 |
| 52-Week High | 17.37 |
| Beta (5Y) | n/a |
| Holdings | 89 |
| Inception Date | May 28, 2021 |
About SIIAX
AlphaCentric Real Income Fund is a mutual fund designed to deliver a blend of current income and capital appreciation by investing primarily in assets linked to real estate and real property. The fund is managed by CrossingBridge Advisors, who employ a bottom-up, value-oriented strategy focused on hard assets—such as commercial mortgages, preferred stock, and income-generating real estate investments. This approach emphasizes income stability and downside protection while targeting undervalued securities with the potential for price appreciation. The fund’s portfolio typically includes a diversified mix of bonds, preferred shares, commercial mortgage-backed securities, and equity exposures, with a significant portion allocated to hard-asset sectors like real estate, infrastructure, and natural resources. AlphaCentric Real Income Fund’s notable characteristics include a commitment to generating "real income"—often through instruments associated with predictable cash flows—while maintaining a conservative allocation profile. With an expense ratio above industry averages and an active management team, the fund targets investors seeking consistent income with potential for moderate growth, while prioritizing the return of principal over aggressive capital gains.
Performance
SIIAX had a total return of 3.39% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.67%.
Top 10 Holdings
33.64% of assets| Name | Symbol | Weight |
|---|---|---|
| Gladstone Land Corp. - LAND 5 | LAND.5 01.31.26 D | 5.06% |
| Alpine Income Property Trust, Inc. | PINE | 3.84% |
| First American Treasury Obligations Fund | FXFXX | 3.69% |
| Builders Firstsource, Inc. - BLDR 4 1/4 02/01/32 | BLDR.4.25 02.01.32 144A | 3.65% |
| CBL & Associates Limited Partnership - CBL TL EXIT 1L USD | CBL.L 11.03.25 1 | 3.60% |
| BX COMMERCIAL MORTGAGE TRUST - BX 2021-SOAR B | n/a | 2.91% |
| Hawaiian Holdings Inc. - HA 3.9 01/15/26 | HA.3.9 01.15.26 A | 2.89% |
| Genworth Financial Inc. - GNW 0 11/15/36 | n/a | 2.83% |
| Graphic Packaging Holding Company | GPK | 2.65% |
| Phillips 66 | PSX | 2.52% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 27, 2025 | $0.0868 | Jun 30, 2025 |
| May 29, 2025 | $0.0868 | May 30, 2025 |
| Apr 29, 2025 | $0.087 | Apr 30, 2025 |
| Mar 28, 2025 | $0.0867 | Mar 31, 2025 |
| Feb 27, 2025 | $0.0868 | Feb 28, 2025 |
| Jan 30, 2025 | $0.0863 | Jan 31, 2025 |