The investment strategy has not only performed well in its first two years, but in a market environment where yield has been near impossible to capture.
Huntington, NY (PRWEB) June 08, 2017
AlphaCentric, the mutual fund firm that strives to be the alpha-driven future of investing, announced today that the AlphaCentric Income Opportunities Fund (IOFAX) recently celebrated its two-year anniversary with an impressive annualized return of 13.04% since inception and outperforming the Bloomberg Barclays Agg. Bond TR Index by 10.75%.
The Fund seeks to generate current yield and total return via investments in structured products which include non-agency residential mortgage backed securities (RMBS) and a variety of asset-backed fixed income securities (ABS).
“The trade is based on homeowners who have survived the greatest housing crisis – let’s hope – of our lifetimes, and since then have continued to make regular payments while their home values have recovered and their mortgage balances have decreased,” Brian Loo, Portfolio Manager and CIO of Garrison Point Capital commented. “This pool of borrowers is that much more incentivized and compelled to protect the home equity they have built over the last decade by servicing their mortgage. We feel that this is the potential key building block for the Fund in seeking to meet its investment objective.”
“We are elated by the strong performance of the AlphaCentric Income Opportunities Fund,” commented Jerry Szilagyi, CEO of AlphaCentric. “The investment strategy has not only performed well in its first two years, but in a market environment where yield has been near impossible to capture. We are proud to offer investors the opportunity to capitalize on this strategy.”
“We have been thrilled with the partnership formed with AlphaCentric, and look forward to continued added-value for investors,” said Garrett Smith, CEO of Garrison Point Capital.
IOFAX is sub-advised by Garrison Point Capital, LLC, and the portfolio is managed by an investment team with over 70 years of combined industry experience. For more information on the fund, please visit: http://alphacentricfunds.com/products/.
About AlphaCentric Funds
AlphaCentric Funds offers mutual funds that strive to be the alpha-driven future of investing, with investment strategies that reduce risk and provide diversification. Founded in 2014, the firm currently offers four hedge-fund-like strategies in a mutual fund format, providing investors transparency and daily liquidity with lower fees and minimums than many hedge funds. AlphaCentric’s investment management team holds a long-term track record with institutional assets and separately managed accounts, offering top-down thought leadership that represents forward-thinking investing. To learn more about the AlphaCentric team and its family of funds, please visit: http://alphacentricfunds.com/.
There is no assurance that the Fund will achieve its investment objective.
Performance (%): Ending March 31, 2017 (Annualized if greater than 1 year)
Class I: 2.87%
Class A: 2.83%
Class C: 2.60%
Class I: 4.33%
Class A: 4.23%
Class C: 3.82%
Class I: 2.87%
Class A: 2.83%
Class C: 2.60%
Class I: 12.56%
Class A: 12.22%
Class C: 11.36%
Class I: 12.86%
Class A: 12.57%
Class C: 11.76%
Barclays US Agg. Bond TR Index
6 Months: -2.18
1 Year: 0.44
Since Inception*: 1.72
6 Months: 1.49
1 Year: 7.44
Since Inception*: 2.74
Class A w/ Sales Charge
6 Months: -0.71
1 Year: 6.93
Since Inception*: 9.63
The Fund's maximum sales charge for Class "A" shares is 4.75%. Investments in mutual funds involve risks. Performance is historic and does not guarantee future results. Investment return and principal value will fluctuate with changing market conditions so that when redeemed, shares may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain the most recent month end performance information or the fund's prospectus please call the fund, toll free at 1-844-ACFUNDS (844-223-8637). You can also obtain a prospectus at http://www.AlphaCentricFunds.com. The advisor has contractually agreed to waive fees and/or reimburse expenses to maintain the Fund’s total annual operating expense ratio at 1.49% excluding 12b-1 fees through July 31, 2017. Gross expenses for the most recent fiscal year were 2.26%, 3.01% and 2.01% for Class A, C and I shares, respectively.
Investors should carefully consider the investment objectives, risks, charges and expenses of the AlphaCentric Funds. This and other important information about the Fund is contained in the prospectus, which can be obtained by calling 844-ACFUNDS (844-223-8637) or at http://www.AlphaCentricFunds.com. The prospectus should be read carefully before investing. The AlphaCentric Funds are distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. AlphaCentric Advisors LLC and Garrison Point Capital LLC are not affiliated with Northern Lights Distributors, LLC.
Investing in the Fund carries certain risks. The value of the Fund may decrease in response to the activities and financial prospects of an individual security in the Fund's portfolio. The Fund is non-diversified and may invest a greater percentage of its assets in a particular issue and may own fewer securities than other mutual funds; the Fund is subject to concentration risk. Credit risk is the risk that the issuer of a security will not be able to make principal and interest payments when due. The use of derivatives and futures involves risks different from, or possibly greater than, the risk associated with investing directly in securities. Fixed income securities will fluctuate with changes in interest rates. Lower-quality bonds, known as "high yield" or "junk" bonds, present greater risk than bonds of higher quality. The performance of the Fund may be subject to substantial short term changes. There are risks associated with the sale and purchase of call and put options. These factors may affect the value of your investment.
Bloomberg Barclays Agg. Bond TR Index: A market capitalization-weighted index that is designed to measure the performance of the U.S. investment grade bond market with maturities of more than one year.