# Ellington Income Opportunities Fund Class M (EIOMX): Closed-End Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/eiomx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Actively Managed · Inception: 2023-04-17 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. ## Key Facts | Metric | Value | |---|---| | Price | $7.65 | | Expense Ratio | 3.26% | | Assets Under Management | — | | NAV | Not on file (no daily NAV for this closed-end fund) | | Holdings Count | — | | Distribution Yield (TTM) | 14.04% | | Annual Distribution (TTM) | $1.07 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $7.59 – $8.61 | | Beta | 0.16 | ## Latest Distribution - Amount: $0.3502 /share - Ex-date: 2026-09-29 - Pay date: 2026-09-29 ## Frequently Asked Questions ### 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. ### Does EIOMX pay a dividend? Yes, Ellington Income Opportunities Fund Class M (EIOMX) distributes dividends to shareholders. The trailing-twelve-month yield is 14.04%. Full dividend history is on this page. ### How often does EIOMX pay dividends? Ellington Income Opportunities Fund Class M pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is EIOMX's next ex-dividend date? The most recently announced ex-dividend date for EIOMX was 2026-09-29. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will EIOMX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 3.26% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does EIOMX charge its expense ratio? The expense ratio is deducted in tiny daily slices from EIOMX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does EIOMX cost more than a fund like VOO? EIOMX is actively managed (current expense ratio 3.26%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether EIOMX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to EIOMX? The Lower-Fee Alternatives card above lists closed-end funds following the same investment strategy as EIOMX (3.26%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/eiomx - Distribution history: https://www.dividenddata.com/funds/eiomx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/eiomx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/eiomx/expenses - Peer comparison: https://www.dividenddata.com/funds/eiomx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.