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Morningstar

AlphaCentric Strategic Income I SIIIX

Morningstar Medalist Rating
Medalist Rating as of | See AlphaCentric Investment Hub
  • NAV / 1-Day Return 16.28  /  +0.37 %
  • Total Assets 50.8 Mil
  • Adj. Expense Ratio
    1.500%
  • Expense Ratio 1.500%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Real Estate
  • Investment Style Small Value
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 6.65%
  • Turnover 22%

USD | NAV as of Jun 17, 2024 | 1-Day Return as of Jun 17, 2024, 10:17 PM GMT+0

Morningstar’s Analysis SIIIX

Will SIIIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SIIIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the SIIIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of SIIIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in AlphaCentric Strategic Income I's Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings SIIIX

More SIIIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 41.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

First American Treasury Obligs X

9.18 5.2 Mil
Cash and Equivalents

Rithm Capital Corp

8.24 4.7 Mil
Real Estate

Two Harbors Investment Corp. 6.25%

5.34 3.0 Mil
Corporate

Ellington Financial Inc

4.59 2.6 Mil
Real Estate

MGIC Investment Corp

4.49 2.6 Mil
Financial Services

Dynex Capital Inc

3.97 2.3 Mil
Real Estate

Pennymac Corporation 5.5%

3.41 1.9 Mil
Corporate

MFA Financial Inc

3.36 1.9 Mil
Real Estate

Redwood Trust Inc

3.22 1.8 Mil
Real Estate

PHH Mortgage Corp. 7.875%

2.65 1.5 Mil
Corporate