- What does HMXIX invest in?
- The AlphaCentric Premium Opportunity Fund Class I generally aims to achieve its investment goals by primarily utilizing a combination of long and short futures contracts, alongside call and put options, all centered on S&P 500 Index futures. The fund also invests in futures contracts linked to the Cboe Volatility Index (VIX) and maintains holdings in cash or highly liquid assets. Beyond these core strategies, it retains the flexibility to diversify its portfolio by investing in instruments designed to track the performance of other market indices, exchange-traded funds (ETFs) focused on volatility, and a broad range of income-generating securities, irrespective of their maturity or credit quality. Additionally, the fund may allocate capital to other investment companies, including both affiliated and independent entities, that specialize in such fixed-income assets.
- What is the expense ratio of HMXIX?
- AlphaCentric Premium Opportunity Fund Class I (HMXIX) charges an expense ratio of 2.03%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is HMXIX?
- AlphaCentric Premium Opportunity Fund Class I (HMXIX) 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 HMXIX actively managed or an index fund?
- HMXIX 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 (HMXIX's is 2.03%) because there's no security selection cost.
- When was HMXIX launched?
- AlphaCentric Premium Opportunity Fund Class I (HMXIX) launched in September 2016 and is managed by the fund issuer.
- How has HMXIX performed?
- HMXIX'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.
