Ellington Income Opportunities Fund Class M

Frequently Asked Questions About EIOMX

What does EIOMX invest in?

The Ellington Income Opportunities Fund Class M operates as a non-diversified, closed-end management company. Its primary investment objective is to achieve a total return, which includes both capital appreciation and ongoing income generation. The company commenced operations on November 13, 2018, and is headquartered in Minneapolis, Minnesota.

What is the expense ratio of EIOMX?

Ellington Income Opportunities Fund Class M (EIOMX) charges an expense ratio of 3.26%. This is the annual fee deducted from fund assets to cover management and operations.

What is EIOMX's dividend yield?

EIOMX's trailing-twelve-month yield is 14.04%, calculated from the sum of dividends over the past year divided by the current price.

How big is EIOMX?

Ellington Income Opportunities Fund Class M (EIOMX) manages — in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is EIOMX actively managed or an index fund?

EIOMX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (EIOMX's is 3.26%) in exchange for the discretion to over- or under-weight positions.

When was EIOMX launched?

Ellington Income Opportunities Fund Class M (EIOMX) launched in April 2023 and is managed by the fund issuer.