Morningstar

AlphaCentric Strategic Income C SIICX

Morningstar Medalist Rating
Medalist Rating as of | See AlphaCentric Investment Hub
  • NAV / 1-Day Return 17.11  /  +0.06 %
  • Total Assets 58.7 Mil
  • Adj. Expense Ratio
    2.510%
  • Expense Ratio 2.510%
  • Distribution Fee Level Average
  • Share Class Type Level Load
  • Category Tactical Allocation
  • Investment Style Small Value
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 5.44%
  • Turnover 44%

USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 2024, 10:17 PM GMT+0

Morningstar’s Analysis SIICX

Will SIICX 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 SIICX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the SIICX 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 SIICX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in AlphaCentric Strategic Income C'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. The strategy changed its peer group last July, moving from the Moderate Allocation category to the Tactical Allocation Morningstar Category.

by Morningstar Manager Research
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Portfolio Holdings SIICX

More SIICX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 40.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

First American Treasury Obligs X

8.79 4.5 Mil
Cash and Equivalents

Rithm Capital Corp

8.15 4.2 Mil
Real Estate

MGIC Investment Corp

4.83 2.5 Mil
Financial Services

Ellington Financial Inc

4.77 2.4 Mil
Real Estate

Dynex Capital Inc

4.25 2.2 Mil
Real Estate

Redwood Trust Inc

3.67 1.9 Mil
Real Estate

MFA Financial Inc

3.50 1.8 Mil
Real Estate

PHH Mortgage Corp. 7.875%

2.99 1.5 Mil
Corporate

AGNC Investment Corp FXDFR PRF PERPETUAL USD 25 Series F

2.84 1.4 Mil
Real Estate

AG Mortgage Investment Trust Inc

2.72 1.4 Mil
Real Estate

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