Morningstar

AlphaCentric Income Opportunities I IOFIX

Morningstar Medalist Rating
Medalist Rating as of | See AlphaCentric Investment Hub
  • NAV / 1-Day Return 7.72  /  −0.13 %
  • Total Assets 301.6 Mil
  • Adj. Expense Ratio
    1.490%
  • Expense Ratio 1.740%
  • 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 7.82%
  • Effective Duration —

USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 2024, 10:13 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.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable IOFIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the IOFIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of IOFIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in AlphaCentric Income Opportunities I's Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

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.

by Morningstar Manager Research
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Portfolio Holdings IOFIX

More IOFIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 50.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CIT Mtg Ln Tr 6.19408%

10.63 31.4 Mil
Securitized

Carrington Mortgage Loan Trust 3.6095%

10.42 30.8 Mil
Securitized

Option One Mortgage Loan Trust 0.0001%

4.54 13.4 Mil
Securitized

TOWD POINT MORTGAGE TRUST 4.16468%

4.28 12.6 Mil
Securitized

Freddie Mac Seasoned Credit Risk Transfer Trust 1.10711%

4.13 12.2 Mil
Securitized

Citigroup Mortgage Loan Trust 4.18585%

3.57 10.5 Mil
Securitized

CIT Mtg Ln Tr 5.67813%

3.46 10.2 Mil
Securitized

Long Beach Mortgage Loan Trust 0.69923%

3.15 9.3 Mil
Securitized

Carrington Mortgage Loan Trust 0.0001%

3.13 9.2 Mil
Securitized

RAAC Series 2007-SP3 Trust 7.63605%

2.87 8.5 Mil
Securitized

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