- 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.
- What is HMXIX's dividend yield?
- HMXIX's trailing-twelve-month yield is 5.59%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of HMXIX?
- Effective duration measures HMXIX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. HMXIX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of HMXIX?
- HMXIX'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 HMXIX?
- Yield to maturity (YTM) is the total return you'd earn from HMXIX if every bond in the portfolio is held to maturity at the current price. HMXIX'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.
