AlphaCentric Real Income I (SIIIX)
| Fund Assets | 50.02M |
| Expense Ratio | 1.51% |
| Min. Investment | $2,500 |
| Turnover | 44.00% |
| Dividend (ttm) | 1.08 |
| Dividend Yield | 6.57% |
| Dividend Growth | n/a |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 27, 2025 |
| Previous Close | 16.44 |
| YTD Return | -0.11% |
| 1-Year Return | 2.88% |
| 5-Year Return | n/a |
| 52-Week Low | 15.56 |
| 52-Week High | 17.41 |
| Beta (5Y) | n/a |
| Holdings | 89 |
| Inception Date | May 28, 2021 |
About SIIIX
AlphaCentric Real Income Fund Class I is an actively managed mutual fund designed to deliver both income and capital appreciation through tactical allocation. The fund primarily invests in interest-bearing fixed income securities, including convertible bonds and dividend-yielding value stocks, targeting a blend of asset classes to adapt to changing market conditions. It has meaningful exposure to various sectors, with a significant focus on domestic real estate and financial services companies, and maintains a substantial allocation to preferred and convertible securities as well as cash and cash equivalents. The fund is classified in the tactical allocation category, which means it regularly adjusts its investment mix across equities, bonds, and other instruments based on evolving opportunities and risks. Its managers execute material shifts in sector or regional allocations, aiming to optimize returns while balancing risk. The fund has a relatively high expense ratio due to its active management, and it distributes income monthly, with a yield notably above the category average. By targeting diverse sources of real income, AlphaCentric Real Income Fund Class I plays a distinctive role for investors seeking a blend of income generation and dynamic asset allocation within a single portfolio.
Performance
SIIIX had a total return of 2.88% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.75%.
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 | $0.090 | Jun 30, 2025 |
| May 29, 2025 | $0.090 | May 30, 2025 |
| Apr 29, 2025 | $0.090 | Apr 30, 2025 |
| Mar 28, 2025 | $0.090 | Mar 31, 2025 |
| Feb 27, 2025 | $0.090 | Feb 28, 2025 |
| Jan 30, 2025 | $0.090 | Jan 31, 2025 |