Income Opportunities Fund

A Share: IOFAX, C Share: IOFCX, I Share: IOFIX

Objective: To achieve current income and total return by implementing an alpha-driven, “principles-based” investment process focusing on complex and hard to source asset-backed securities.

Primary Goals and Key Reasons to Invest:

  1. Non-Agency RMBS Focus: The Fund focuses on non-agency residential mortgage-backed securities (RMBS), although the Fund can invest where management finds value. The management team’s clearly-defined, niche focus is the core of the RMBS strategy’s success.
  2. Strong Track Record*: The Sub-Advisor has managed a substantially similar strategy that has consistently met its objective of current income while outperforming its benchmark.
  3. Private Asset Backed Exposure: Unique sourcing to high coupon, well-capitalized proprietary deal flow may lead to additional alpha.

Alpha: A measure of the difference between a fund’s actual returns and its expected performance, given its level of risk as measured by beta.

* See Prospectus for historical performance. Past performance is no guarantee of future results.

Minimum Investment: $2,500, Subsequent Investment: $100

Distributions

IOFIX
Ticker Record Date Payable Date Monthly Distribution Amount Reinvest Price
IOFIX 7/29/2019 7/30/2019 0.0500 12.62
IOFIX 6/26/2019 6/27/2019 0.0524 12.53
IOFIX 5/29/2019 5/30/2019 0.0520 12.46
IOFIX 4/26/2019 4/29/2019 0.0519 12.40
IOFIX 3/27/2019 3/28/2019 0.0514 12.29
IOFIX 2/26/2019 2/27/2019 0.0509 12.17
IOFIX 1/29/2019 1/30/2019 0.0510 12.21
IOFIX 12/27/2018 12/28/2018 0.0509 12.17
IOFIX 11/28/2018 11/29/2018 0.0511 12.23
IOFIX 10/29/2018 10/30/2018 0.0518 12.38
IOFIX 9/26/2018 9/27/2018 0.0519 12.42
IOFIX 8/29/2018 8/30/2018 0.0519 12.41
IOFIX 7/27/2018 7/30/2018 0.0513 12.27
IOFAX
Ticker Record Date Payable Date Monthly Distribution Amount Reinvest Price
IOFAX 7/29/2019 7/30/2019 0.0473 12.60
IOFAX 6/26/2019 6/27/2019 0.0500 12.52
IOFAX 5/29/2019 5/30/2019 0.0491 12.44
IOFAX 4/26/2019 4/29/2019 0.0494 12.39
IOFAX 3/27/2019 3/28/2019 0.0489 12.27
IOFAX 2/26/2019 2/27/2019 0.0485 12.15
IOFAX 1/29/2019 1/30/2019 0.0485 12.19
IOFAX 12/27/2018 12/28/2018 0.0483 12.15
IOFAX 11/28/2018 11/29/2018 0.0486 12.21
IOFAX 10/29/2018 10/30/2018 0.0491 12.36
IOFAX 9/26/2018 9/27/2018 0.0502 12.40
IOFAX 8/29/2018 8/30/2018 0.0491 12.39
IOFAX 7/27/2018 7/30/2018 0.0490 12.26
IOFCX
Ticker Record Date Payable Date Monthly Distribution Amount Reinvest Price
IOFCX 7/29/2019 7/30/2019 0.0389 12.56
IOFCX 6/26/2019 6/27/2019 0.0429 12.47
IOFCX 5/29/2019 5/30/2019 0.0410 12.40
IOFCX 4/26/2019 4/29/2019 0.0421 12.34
IOFCX 3/27/2019 3/28/2019 0.0420 12.23
IOFCX 2/26/2019 2/27/2019 0.0417 12.11
IOFCX 1/29/2019 1/30/2019 0.0415 12.15
IOFCX 12/27/2018 12/28/2018 0.0414 12.11
IOFCX 11/28/2018 11/29/2018 0.0411 12.17
IOFCX 10/29/2018 10/30/2018 0.0408 12.32
IOFCX 9/26/2018 9/27/2018 0.0427 12.37
IOFCX 8/29/2018 8/30/2018 0.0407 12.35
IOFCX 7/27/2018 7/30/2018 0.0419 12.22
Premium Opportunity Fund

A Share: HMXAX, C Share: HMXCX, I Share: HMXIX

Objective: The Fund’s objective is to achieve long-term capital appreciation.

Primary Goals and Key Reasons to Invest:

1. Capital Appreciation: The Fund seeks to provide capital appreciation in all market conditions. Since inception, the Fund has weathered volatile financial markets without large drawdowns.
2. Low Correlation: The Fund seeks returns that are uncorrelated to equity markets through a strategy that profits from options time decay, changes in options volatility, options volatility arbitrage, and price and options volatility mean reversion.

Minimum Investment: $2,500, Subsequent Investment: $100

Robotics and Automation Fund

Featured Download

September 2018

PUTTING ROBOTS TO WORK
Global Growth Opportunity: Investing in the Second Machine Age

A Share: GNXAX, C Share: GNXCX, I Share: GNXIX

Objective: To achieve long‐term growth of capital.

Primary Goals and Key Reasons to Invest:

  • Global Growth Opportunity: We believe growth in robotics for workplace automation has reached a tipping point towards wide-scale adoption Global spending on robotics is rapidly expanding.
  • Thematic Investment Opportunity: Currently the AlphaCentric Robotics and Automation Fund (GNXAX) is the only actively managed mutual fund dedicated to automation and robotics. The Fund is diversified by company industry sector country market capitalization and style and acts as a complement to a diversified equity portfolio.
  • Long-term Growth of Capital: The Fund employs proprietary, bottom up research to identify companies worldwide with innovation technologies such as robotics and automation companies and potential for long‐term out-performance.
  • Disciplined Strategy: The Fund will concentrate its investments (i.e. invest more than 25% of its assets) in the machinery and electrical equipment industries. The Fund may invest without limit in companies located anywhere in the world and under normal conditions at least 40% of the Fund’s assets will be in securities of issuers domiciled in at least countries outside of the United States.

Minimum Investment: $2,500, Subsequent Investment: $100

Small Cap Opportunities Fund

A Share: SMZAX, C Share: SMZCX, I Share: SMZIX

Objective: The Fund’s investment objective is long-term capital appreciation.

Investment Strategy:

  • The Fund seeks to achieve its investment objective by investing in common stocks of small capitalization companies that the Sub-Advisor believes have underappreciated earnings potential and exhibit reasonable valuations. Although the Fund invests primarily in U.S. companies, it may invest in the securities of foreign issuers listed on U.S. exchanges, including ADRs.
  • The Sub-Advisor employs proprietary bottom-up research to identify companies with potential for capital appreciation. The Sub-Advisor seeks to invest in companies that are priced at reasonable valuations in order to attempt to mitigate valuation risk. It generally considers valuations for a company to be reasonable when valuation multiples are near or below historical averages.
  • The Fund may take temporary defensive positions when attempting to respond to adverse market, economic, political, or other conditions.

Minimum Investment: $2,500, Subsequent Investment: $100

Symmetry Strategy Fund

A Share: SYMAX, C Share: SYMCX, I Share: SYMIX

Objective: The Fund’s investment objective is capital appreciation.

The AlphaCentric Symmetry Strategy Fund utilizes a specifically constructed and repeatable set of investment building blocks designed to capture the available risk premiums during periods of broad economic growth, as well as during periods of economic growth risk.

Investment Strategy

The Fund may invest up to 80% of assets in the Traditional Component Strategy and up to 50% of assets in the Alternative Component Strategy. Under normal conditions, assets will be allocated to each strategy in substantially equal risk adjusted proportions.

Traditional Component Strategy

The Traditional Component Strategy seeks to capture returns that have been historically associated with risk premiums (i.e., the difference between expected return on investment and risk-free rate) for investing in equity and debt securities.

This strategy is expected to benefit from periods of economic growth.

Alternative Component Strategy

The Alternative Component Strategy seeks to capture returns from short term dislocations in currency, interest rate and commodity markets.

The strategy is expected to benefit from periods of economic uncertainty and risk.

Minimum Investment: $2,500, Subsequent Investment: $100