Fund Overview | ||||
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Ticker | IOFIX | IOFAX | IOFCX | IOFAX |
Share Class | Class I | Class A | Class C | Class A w/ Sales Load |
CUSIP | 62827M144 | 62827M169 | 62827M151 | 62827M169 |
Inception Date | 5/28/2015 | 5/28/2015 | 5/28/2015 | 5/28/2015 |
As of Date | 3/28/2024 | 3/28/2024 | 3/28/2024 | 3/28/2024 |
Daily NAV | 7.79 | 7.78 | 7.74 | 7.78 |
NAV Change | 0 | 0 | -0.01 | 0 |
% NAV Change | 0.00% | 0.00% | -0.13% | 0.00% |
Income Opportunities Fund
Primarily focused on non-agency residential mortgage-backed securities and other residential housing debt, this AlphaCentric Fund has the flexibility to invest in other secured credits when attractive. It is this niche focus that is the core of the strategy’s success. The Fund objective is current income.
fund management
The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Nav data reflects price of 1 share, as well as price change and percent change since the previous trading day.
Quarterly Fund Performance | |||||||||
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Data as of quarter end 3/31/2024 | |||||||||
Share Class | 1 Month | 3 Months | 6 Months | YTD | 1 Year | 3 Years Annualized | 5 Years Annualized | 10 Years Annualized | Since Inception Annualized |
Class I | 0.38% | -0.50% | 0.18% | -0.50% | -3.61% | -7.07% | -3.72% | N/A | 2.32% |
Class A | 0.37% | -0.56% | 0.05% | -0.56% | -3.86% | -7.32% | -3.95% | N/A | 2.06% |
Class C | 0.31% | -0.88% | -0.46% | -0.88% | -4.62% | -8.02% | -4.69% | N/A | 1.30% |
Class A w/Sales Load | -4.41% | -5.31% | -4.67% | -5.31% | -8.39% | -8.80% | -4.88% | N/A | 1.50% |
The performance data quoted represents past performance, past performance does not guarantee future results, the investment return and principal value of an investment will fluctuate so that when redeemed, it may be worth more or less than their original cost, and current performance may be lower or higher than the performance data quoted.
The maximum sales charge for Class “A” Shares is 4.75%. The Fund’s total operating expenses are 2.18%, 2.93%, and 1.93% for the Class A, C, and I Shares respectively.
The advisor has contractually agreed to waive fees and/or reimburse expenses to maintain the Fund’s total annual operating expense ratio at 1.74%, 2.49% and 1.49% for Class A shares, Class C shares and Class I shares, respectively, excluding 12b-1 fees through July 31, 2024.
Current Fund Performance | |||||||||
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Data as of 3/28/2024 | |||||||||
Share Class | 1 Month | 3 Months | 6 Months | YTD | 1 Year | 3 Years Annualized | 5 Years Annualized | 10 Years Annualized | Since Inception Annualized |
Class I | 0.64% | -0.50% | 0.18% | -0.50% | -3.94% | -7.07% | -3.70% | N/A | 2.33% |
Class A | 0.62% | -0.56% | 0.05% | -0.56% | -4.21% | -7.30% | -3.94% | N/A | 2.07% |
Class C | 0.44% | -0.88% | -0.46% | -0.88% | -5.03% | -8.03% | -4.67% | N/A | 1.30% |
Class A w/Sales Load | -4.18% | -5.31% | -4.67% | -5.31% | -8.79% | -8.78% | -4.86% | N/A | 1.50% |
The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above.
the goods
Important Risk Information
Investing in the Fund carries certain risks. The value of the Fund may decrease in response to the activities and financial prospects of an individual security in the Fund’s portfolio. The Fund is subject to concentration risk. Credit risk is the risk that the issuer of a security will not be able to make principal and interest payments when due.
Fixed income securities will fluctuate with changes in interest rates. Lower-quality bonds, known as “high yield” or “junk” bonds, present greater risk than bonds of higher quality. Liquidity risk exists when investments are difficult to sell. Although most of the Fund’s securities must be liquid at the time of investment, the Fund may purchase illiquid investments and securities may become illiquid after purchase by the Fund, particularly during periods of market turmoil. Some investments held by the Fund may be difficult to sell, or illiquid, particularly during times of market turmoil. Illiquid investments may also be difficult to value.
The Fund may invest a percentage of its assets in derivatives, such as futures and options contracts for hedging purposes. The Fund may experience losses that exceed those experienced by funds that do not use futures contracts and options strategies. Hedging is a strategy in which the Fund uses a derivative to reduce the risks associated with other Fund holdings. There can be no assurance that the Fund’s hedging strategy will reduce risk or that hedging transactions will be either available or cost effective.
Please see the prospectus for all of the principal risks of investing in the Fund.