Fund Overview

About the 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


Ticker Record Date Payable Date Monthly Distribution Amount Reinvest Price
IOFIX 6/28/2022 6/29/2022 0.04 9.68
IOFIX 5/26/2022 5/27/2022 0.04 10.08
IOFIX 4/27/2022 4/28/2022 0.04 11.3
IOFIX 3/29/2022 3/30/2022 0.04 11.5
IOFIX 2/24/2022 2/25/2022 0.04 11.95
IOFIX 1/27/2022 1/28/2022 0.04 12.15
IOFIX 12/29/2021 12/30/2021 0.04 12.17
IOFIX 11/26/2021 11/29/2021 0.04 12.15
IOFIX 10/27/2021 10/28/2021 0.04 12.16
IOFIX 9/28/2021 9/29/2021 0.04 12.05
IOFIX 8/27/2021 8/30/2021 0.04 11.87
IOFIX 7/28/2021 7/29/2021 0.04 11.78


Ticker Record Date Payable Date Monthly Distribution Amount Reinvest Price
IOFAX 6/28/2022 6/29/2022 0.0376 9.66
IOFAX 5/26/2022 5/27/2022 0.0372 10.07
IOFAX 4/27/2022 4/28/2022 0.0378 11.29
IOFAX 3/29/2022 3/30/2022 0.037 11.49
IOFAX 2/24/2022 2/25/2022 0.0376 11.94
IOFAX 1/27/2022 1/28/2022 0.0375 12.14
IOFAX 12/29/2021 12/30/2021 0.0373 12.16
IOFAX 11/26/2021 11/29/2021 0.0375 12.13
IOFAX 10/27/2021 10/28/2021 0.0376 12.15
IOFAX 9/28/2021 9/29/2021 0.0374 12.03
IOFAX 8/27/2021 8/30/2021 0.0376 11.86
IOFAX 7/28/2021 7/29/2021 0.0376 11.76


Ticker Record Date Payable Date Monthly Distribution Amount Reinvest Price
IOFCX 6/28/2022 6/29/2022 0.0304 9.62
IOFCX 5/26/2022 5/27/2022 0.0309 10.03
IOFCX 4/27/2022 4/28/2022 0.0315 11.24
IOFCX 3/29/2022 3/30/2022 0.0293 11.44
IOFCX 2/24/2022 2/25/2022 0.0306 11.89
IOFCX 1/27/2022 1/28/2022 0.0302 12.09
IOFCX 12/29/2021 12/30/2021 0.0291 12.11
IOFCX 11/26/2021 11/29/2021 0.03 12.08
IOFCX 10/27/2021 10/28/2021 0.0305 12.1
IOFCX 9/28/2021 9/29/2021 0.0295 11.98
IOFCX 8/27/2021 8/30/2021 0.0303 11.81
IOFCX 7/28/2021 7/29/2021 0.0304 11.72


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