AlphaCentric Income Opportunities Fund Class C (IOFCX)

Overview

The fund is an investment entity that focuses on generating returns for its investors through the strategic acquisition and management of asset-backed fixed income securities. These securities are diverse, ranging from those backed by credit card receivables, automobiles, and aircraft, to student loans, equipment leases, and both agency and non-agency residential and commercial mortgages. By investing in these various asset-backed securities, including specialized forms like collateralized debt obligations (CDOs), collateralized loan obligations (CLOs), and privately-offered collateralized loans, the fund aims to achieve its investment objective while managing risk and diversifying its investment portfolio.

Products and Services

The fund offers an assortment of investment products and services characterized by a focus on asset-backed fixed income securities, detailed as follows:

• Securities backed by credit card receivables: Investments in bonds or notes that are secured by the cash flow coming from credit card payments.
• Securities backed by automobiles: This includes investments in securities that derive their value from auto loans. These can provide predictable cash flows similar to traditional bonds.
• Securities backed by aircraft: Bonds or notes that are backed by the cash flows from aircraft leases, providing an investment avenue that taps into the aviation industry's economic activities.
• Securities backed by student loans: Investments in securities supported by payments on student loans, offering exposure to the education finance sector.
• Securities backed by equipment leases: These securities are backed by the cash flows from leases of physical assets such as machinery, offering a tangible asset base.
• Agency and non-agency residential and commercial mortgages: Investments in mortgage-backed securities that are either guaranteed by government agencies (agency) or not guaranteed (non-agency), offering a range of risk and reward profiles.
• Collateralized Debt Obligations (CDOs): These are complex structured finance products that pool together various cash flow-generating assets and repackages this asset pool into tranches that can be sold to investors.
• Collateralized Loan Obligations (CLOs): Similar to CDOs, CLOs pool together loans (often corporate loans) into tranches, catering to investors with different risk appetites.
• Privately-offered Collateralized Loans: This refers to secured loans that are not publicly offered, providing another way for investors to engage with secured debt financing.