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 9/28/2020 9/29/2020 0.0400 10.63
IOFIX 8/27/2020 8/28/2020 0.0400 10.37
IOFIX 7/29/2020 7/30/2020 0.0400 9.97
IOFIX 6/26/2020 6/29/2020 0.0400 9.73
IOFIX 5/27/2020 5/28/2020 0.0450 9.33
IOFIX 4/28/2020 4/29/2020 0.0500 8.83
IOFIX 3/27/2020 3/30/2020 0.0500 8.01
IOFIX 2/26/2020 2/27/2020 0.0500 13.26
IOFIX 1/29/2020 1/30/2020 0.0500 13.15
IOFIX 12/27/2019 12/30/2019 0.0500 12.98
IOFIX 11/26/2019 11/27/2019 0.0500 13.03
IOFIX 10/29/2019 10/30/2019 0.0500 13.00


Ticker Record Date Payable Date Monthly Distribution Amount Reinvest Price
IOFAX 9/28/2020 9/29/2020 0.0377 10.62
IOFAX 8/27/2020 8/28/2020 0.0380 10.36
IOFAX 7/29/2020 7/30/2020 0.0378 9.96
IOFAX 6/26/2020 6/29/2020 0.0380 9.72
IOFAX 5/27/2020 5/28/2020 0.0433 9.32
IOFAX 4/28/2020 4/29/2020 0.0482 8.82
IOFAX 3/27/2020 3/30/2020 0.0459 8.00
IOFAX 2/26/2020 2/27/2020 0.0475 13.24
IOFAX 1/29/2020 1/30/2020 0.0474 13.13
IOFAX 12/27/2019 12/30/2019 0.0472 12.96
IOFAX 11/26/2019 11/27/2019 0.0476 13.01
IOFAX 10/29/2019 10/30/2019 0.0471 12.98


Ticker Record Date Payable Date Monthly Distribution Amount Reinvest Price
IOFCX 9/28/2020 9/29/2020 0.0308 10.58
IOFCX 8/27/2020 8/28/2020 0.0320 10.32
IOFCX 7/29/2020 7/30/2020 0.0312 9.92
IOFCX 6/26/2020 6/29/2020 0.0321 9.68
IOFCX 5/27/2020 5/28/2020 0.0379 9.29
IOFCX 4/28/2020 4/29/2020 0.0428 8.78
IOFCX 3/27/2020 3/30/2020 0.0387 7.97
IOFCX 2/26/2020 2/27/2020 0.0402 13.19
IOFCX 1/29/2020 1/30/2020 0.0399 13.08
IOFCX 12/27/2019 12/30/2019 0.0393 12.91
IOFCX 11/26/2019 11/27/2019 0.0403 12.96
IOFCX 10/29/2019 10/30/2019 0.0387 12.93


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