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Trending ETFs

Ellington Income Opportunities Fund

mutual fund
EIOAX
Payout Change
Pending
Price as of:
$9.27 +0.0 +0.0%
primary theme
Bond Sector Diversified
share class
EIOAX (Mutual Fund)

Ellington Income Opportunities Fund

Payout Change
Pending
Price as of:
$9.27 +0.0 +0.0%
primary theme
Bond Sector Diversified
share class
EIOAX (Mutual Fund)

Ellington Income Opportunities Fund

Payout Change
Pending
Price as of:
$9.27 +0.0 +0.0%
primary theme
Bond Sector Diversified
share class

Name

As of 12/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.27

$30.6 M

3.04%

$0.28

4.98%

Vitals

YTD Return

12.8%

1 yr return

13.0%

3 Yr Avg Return

6.8%

5 Yr Avg Return

N/A

Net Assets

$30.6 M

Holdings in Top 10

44.9%

52 WEEK LOW AND HIGH

$9.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 4.98%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover 46.81%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

N/A


Fund Classification

Fund Type

Closed-end mutual fund


Name

As of 12/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.27

$30.6 M

3.04%

$0.28

4.98%

EIOAX - Profile

Distributions

  • YTD Total Return 12.8%
  • 3 Yr Annualized Total Return 6.8%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.88%
DIVIDENDS
  • Dividend Yield 3.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Ellington Income Opportunities Fund
  • Fund Family Name
    Ellington Global Asset Management, LLC
  • Inception Date
    Jul 08, 2020
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Mark Tecotzky

Fund Description


EIOAX - Performance

Return Ranking - Trailing

Period EIOAX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.8% -12.8% 18.9% 2.17%
1 Yr 13.0% -13.9% 19.8% 2.01%
3 Yr 6.8%* -17.4% 13.4% 3.65%
5 Yr N/A* -15.3% 13.3% N/A
10 Yr N/A* -7.1% 6.9% N/A

* Annualized

Return Ranking - Calendar

Period EIOAX Return Category Return Low Category Return High Rank in Category (%)
2023 6.8% -12.0% 8.9% 1.39%
2022 -13.2% -31.8% 18.4% 50.08%
2021 3.5% -16.2% 25.7% 3.28%
2020 N/A -31.1% 18.7% N/A
2019 N/A -6.1% 15.3% N/A

Total Return Ranking - Trailing

Period EIOAX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.8% -12.8% 18.9% 2.17%
1 Yr 13.0% -13.9% 19.8% 2.01%
3 Yr 6.8%* -17.4% 13.4% 3.65%
5 Yr N/A* -15.3% 13.3% N/A
10 Yr N/A* -7.1% 6.9% N/A

* Annualized

Total Return Ranking - Calendar

Period EIOAX Return Category Return Low Category Return High Rank in Category (%)
2023 16.6% -6.9% 22.2% 1.08%
2022 -7.5% -31.8% 21.1% 41.05%
2021 8.7% -13.5% 49.9% 6.23%
2020 N/A -28.6% 24.1% N/A
2019 N/A -4.8% 19.1% N/A

NAV & Total Return History


EIOAX - Holdings

Concentration Analysis

EIOAX Category Low Category High EIOAX % Rank
Net Assets 30.6 M 2.63 M 143 B 96.18%
Number of Holdings 60 4 9638 89.39%
Net Assets in Top 10 13.8 M -204 M 89.4 B 93.14%
Weighting of Top 10 44.95% 5.8% 265.8% 26.73%

Top 10 Holdings

  1. STAR 2022-SFR3 Trust 6.58%
  2. Trimaran Cavu 2019-1 Ltd 4.88%
  3. TRTX 2021-FL4 Issuer Ltd 4.68%
  4. Aaset 2021-1 Trust 4.67%
  5. AMSR 2020-SFR1 Trust 4.27%
  6. Fortress Credit Bsl XXI Ltd 4.10%
  7. Connecticut Avenue Securities Trust 2022-R04 4.01%
  8. AGNC Investment Corp 3.96%
  9. Freddie Mac STACR REMIC Trust 2020-HQA2 3.91%
  10. Lunar 2021-1 Structured Aircraft Portfolio Notes 3.89%

Asset Allocation

Weighting Return Low Return High EIOAX % Rank
Bonds
69.37% 0.00% 199.60% 79.25%
Cash
13.37% -94.66% 99.97% 13.10%
Other
11.74% -75.22% 147.15% 28.39%
Preferred Stocks
5.52% 0.00% 21.58% 2.18%
Stocks
0.00% -6.18% 99.68% 71.61%
Convertible Bonds
0.00% 0.00% 33.50% N/A

Bond Sector Breakdown

Weighting Return Low Return High EIOAX % Rank
Cash & Equivalents
0.00% 0.00% 94.89% 91.55%
Securitized
0.00% 0.00% 99.65% N/A
Corporate
0.00% 0.00% 96.66% N/A
Municipal
0.00% 0.00% 54.26% N/A
Government
0.00% 0.00% 99.43% N/A
Derivative
-0.13% -75.22% 147.15% 80.13%

Bond Geographic Breakdown

Weighting Return Low Return High EIOAX % Rank
US
69.37% 0.00% 199.60% 64.90%
Non US
0.00% 0.00% 76.68% 71.29%

EIOAX - Expenses

Operational Fees

EIOAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 4.98% 0.03% 34.13% 1.40%
Management Fee 1.85% 0.00% 2.29% 96.44%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.70% N/A

Sales Fees

EIOAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 0.00% 5.75% 1.69%
Deferred Load N/A 1.00% 1.50% N/A

Trading Fees

EIOAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

EIOAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 46.81% 0.00% 632.00% 16.79%

EIOAX - Distributions

Dividend Yield Analysis

EIOAX Category Low Category High EIOAX % Rank
Dividend Yield 3.04% 0.00% 23.30% 0.46%

Dividend Distribution Analysis

EIOAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly SemiAnnual Monthly Monthly

Net Income Ratio Analysis

EIOAX Category Low Category High EIOAX % Rank
Net Income Ratio 3.88% -1.55% 11.51% 19.65%

Capital Gain Distribution Analysis

EIOAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

EIOAX - Fund Manager Analysis

Managers

Mark Tecotzky


Start Date

Tenure

Tenure Rank

Nov 13, 2018

3.55

3.6%

Mark Tecotzky is a Managing Director and head manager for all MBS/ABS credit, reporting directly to Mr. Vranos. Prior to joining Ellington, Mr. Tecotzky was the senior trader in the mortgage department at Credit Suisse where he was instrumental in building its mortgage conduit to one of the largest on Wall Street. He developed and launched several of its securitization vehicles, including hybrid ARMs and second liens, and subsequently ran its hybrid ARM business, which consisted of conduit pricing, servicing sales, monthly securitization, trading of agency/non agency hybrids of all ratings categories and managing and hedging the residual portfolio. Prior to joining Credit Suisse, Mr. Tecotzky worked with Mr. Vranos and many of the other Ellington principals at Kidder Peabody as a Managing Director where he traded agency and non-agency pass-throughs and structured CMOs. Mr. Tecotzky holds a B.S. from Yale University, and received a National Science Foundation fellowship to study at MIT.

Michael Vranos


Start Date

Tenure

Tenure Rank

Nov 13, 2018

3.55

3.6%

Mr. Vranos founded Ellington in December of 1994. Until December 1994, Mr. Vranos was the Senior Managing Director of Kidder Peabody in charge of RMBS trading. Mr. Vranos began his Wall Street career in 1983, after graduating magna cum laude, Phi Beta Kappa with a Bachelor of Arts in Mathematics from Harvard University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.19 5.71 3.19