- 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.
- How big is HMXAX?
- AlphaCentric Premium Opportunity Fund Class A (HMXAX) manages $33.0M 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 HMXAX actively managed or an index fund?
- HMXAX is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (HMXAX's is 2.28%) because there's no security selection cost.
- When was HMXAX launched?
- AlphaCentric Premium Opportunity Fund Class A (HMXAX) launched in September 2016 and is managed by the fund issuer.
- How has HMXAX performed?
- HMXAX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
