Frequently Asked Questions About HMXAX

What does HMXAX invest in?

Under typical market conditions, the fund primarily pursues its investment aims by strategically allocating capital to long and short futures contracts, alongside call and put options tied to S&P 500 Index futures. It also utilizes futures on the Cboe Volatility Index and maintains holdings in cash and highly liquid assets. Additionally, the fund retains the flexibility to invest in financial instruments designed to mirror the performance of securities indices, exchange-traded funds specifically focused on volatility, and fixed-income securities of any maturity or credit rating. This includes investments in other collective investment schemes, both related and unrelated, that hold such debt instruments.

What is the expense ratio of HMXAX?

AlphaCentric Premium Opportunity Fund Class A (HMXAX) charges an expense ratio of 2.28%. This is the annual fee deducted from fund assets to cover management and operations.

What is HMXAX's dividend yield?

HMXAX's trailing-twelve-month yield is 5.47%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of HMXAX?

Effective duration measures HMXAX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. HMXAX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of HMXAX?

HMXAX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of HMXAX?

Yield to maturity (YTM) is the total return you'd earn from HMXAX if every bond in the portfolio is held to maturity at the current price. HMXAX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.

HMXAX

AlphaCentric Premium Opportunity Fund Class A

NASDAQ·Asset Management · Financial Services

$31.27$0.15−0.48%

Oct 30 8:06 AM EDT

Price Chart

$31.27−$0.15 (−0.48%)today

+15.94%past 5 yearsCAGR +3.01%

Select date range

FromTo

Sep 30, 2016Oct 30, 2021 → Oct 30, 2026· 5.0 yrsOct 30, 2026

Key Metrics

DistributionDividend Tab

Annual Distribution (FWD)$1.71

Distribution Yield (FWD)5.47%

Annual Distribution (TTM)$1.71

Distribution Yield (TTM)5.47%

Distribution Growth (5Y)+24.1%

FrequencyAnnual

Most Recent$1.71

Ex-Dividend DateDec 16

Payment DateDec 17

Cost & RiskExpenses Tab

Expense Ratio2.28%

Cost per 10k Invested$228

AUM (All Share Classes)$32.59M

Avg Daily Volume—

Price$31.27

NAV (Oct 30)$31.27

Premium / Discount+0.00%

52-Week Range$26.82 – $31.95

Beta0.73

Fund Overview

Cost Verdict

Is HMXAX's expense ratio expensive, average, or a steal for its category?

Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Issuer: —
Asset Class: Bond
Strategy: Actively Managed
Inception: September 30, 2016
Fund Type: Mutual Fund
Domicile: US
Currency: USD
ISIN: US62827P7666
CUSIP: 62827P766
Website: alphacentricfunds.com/

Peers

Peers Tab

HMXIX

AlphaCentric Premium Opportunity Fund Class I

North Square Multi Strategy Fund;I

Cap

$37.7M

Latest News

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No recent news available.

Frequently Asked Questions About HMXAX

What does HMXAX invest in?: Under typical market conditions, the fund primarily pursues its investment aims by strategically allocating capital to long and short futures contracts, alongside call and put options tied to S&P 500 Index futures. It also utilizes futures on the Cboe Volatility Index and maintains holdings in cash and highly liquid assets. Additionally, the fund retains the flexibility to invest in financial instruments designed to mirror the performance of securities indices, exchange-traded funds specifically focused on volatility, and fixed-income securities of any maturity or credit rating. This includes investments in other collective investment schemes, both related and unrelated, that hold such debt instruments.
What is the expense ratio of HMXAX?: AlphaCentric Premium Opportunity Fund Class A (HMXAX) charges an expense ratio of 2.28%. This is the annual fee deducted from fund assets to cover management and operations.
What is HMXAX's dividend yield?: HMXAX's trailing-twelve-month yield is 5.47%, calculated from the sum of dividends over the past year divided by the current price.
What is the duration of HMXAX?: Effective duration measures HMXAX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. HMXAX's current duration is published on the fund's factsheet on the issuer's website.
What is the credit quality of HMXAX?: HMXAX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
What is the yield to maturity of HMXAX?: Yield to maturity (YTM) is the total return you'd earn from HMXAX if every bond in the portfolio is held to maturity at the current price. HMXAX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.