# AlphaCentric Premium Opportunity Fund Class I (HMXIX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/hmxix for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Bond - Strategy: Actively Managed · Inception: 2016-09-30 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 vol... ## Key Facts | Metric | Value | |---|---| | Price | $32.10 | | Expense Ratio | 2.03% | | AUM (All Share Classes) | $32.5M | | NAV | $32.10 (2026-10-30 close) | | Holdings Count | — | | Distribution Yield (TTM) | 5.59% | | Annual Distribution (TTM) | $1.80 /share | | Distribution Frequency | Annual | | 52-Week Range | $27.49 – $32.80 | | Beta | 0.74 | ## Latest Distribution - Amount: $1.7955 /share - Ex-date: 2025-12-16 - Pay date: 2025-12-17 ## Frequently Asked Questions ### 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. ### Does HMXIX pay a dividend? Yes, AlphaCentric Premium Opportunity Fund Class I (HMXIX) distributes dividends to shareholders. The trailing-twelve-month yield is 5.59%. Full dividend history is on this page. ### How often does HMXIX pay dividends? AlphaCentric Premium Opportunity Fund Class I pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is HMXIX's next ex-dividend date? The most recently announced ex-dividend date for HMXIX was 2025-12-16. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will HMXIX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 2.03% 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 HMXIX charge its expense ratio? The expense ratio is deducted in tiny daily slices from HMXIX'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 HMXIX cost more than a fund like VOO? HMXIX is actively managed (current expense ratio 2.03%). 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 HMXIX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to HMXIX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as HMXIX (2.03%) 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/hmxix - Distribution history: https://www.dividenddata.com/funds/hmxix/dividend - Holdings & diversification: https://www.dividenddata.com/funds/hmxix/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/hmxix/expenses - Peer comparison: https://www.dividenddata.com/funds/hmxix/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.