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AlphaCentric Symmetry Strategy Fund
SYMIX (Mutual Fund)
AlphaCentric Symmetry Strategy Fund
Name
As of 12/23/2024Price
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
Vitals
YTD Return
8.0%
1 yr return
8.1%
3 Yr Avg Return
5.1%
5 Yr Avg Return
5.1%
Net Assets
$39.2 M
Holdings in Top 10
40.1%
52 WEEK LOW AND HIGH
$12.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.03%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$2,500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/23/2024Price
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
SYMIX - Profile
Distributions
- YTD Total Return 8.0%
- 3 Yr Annualized Total Return 5.1%
- 5 Yr Annualized Total Return 5.1%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.29%
- Dividend Yield 1.9%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameAlphaCentric Symmetry Strategy Fund
-
Fund Family NameMutual Fund Series Trust
-
Inception DateSep 01, 2014
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerTimothy Rudderow
Fund Description
p id="xdx_A84_err--StrategyNarrativeTextBlock_zhg9sUsIRkIj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"The Fund’s investment sub-advisor, Mount Lucas Management LP (the “Sub-Advisor”), seeks to achieve the Fund’s investment objective by employing two complementary strategies:/span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top" td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"/tdtd style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"●/span/tdtd style="font: 10pt Times New Roman, Times, Serif; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"Traditional Component Strategy/span/td/tr/table p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top" td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"/tdtd style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"●/span/tdtd style="font: 10pt Times New Roman, Times, Serif; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"Alternative Component Strategy/span/td/tr/table p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"The Traditional Component Strategy seeks to capture returns that have been historically associated with risk premiums for investing in equity and debt securities. Risk premiums are the difference between the expected return on an investment and the return on a risk-free investment. The Sub-Advisor executes this strategy by investing in: (A) common stocks, and (B) exchange traded funds (“ETFs”) that hold (i) preferred stock, (ii) corporate bonds, (iii) corporate loans, (iv) dividend paying common stock, (v) emerging market securities, (vi) sovereign debt, (vii) income producing mortgage REITS, (viii) convertible bonds, (ix) municipal bonds, (x) inflation linked bonds, (xi) credit default linked instruments, and (xii) equity linked contracts. The Sub-Advisor expects this strategy to benefit from periods of economic growth./span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"The Alternative Component Strategy seeks to capture returns from what the Sub-Advisor believes are short term dislocations in currency, interest rate and commodity markets. The Sub-Advisor executes this strategy by investing in: (A) futures contracts, (B) forward contracts, (C) swap contracts, and (D) options on futures contracts. The Sub-Advisor expects this strategy to benefit from periods of economic uncertainty and risk. The Fund segregates the full notional amount of any written credit default swap to cover its obligations. The Sub-Advisor uses a quantitative investment process for selecting portfolios of securities primarily in, but not limited to, the U.S., Europe, and Japan./span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"The Sub-Advisor invests without restriction as to capitalization, country, credit quality, and debt maturity. The Fund may invest in below investment grade debt instruments (commonly known as junk bonds) including securities that are in default. The Sub-Advisor invests up to 80% of Fund assets under the Traditional Component Strategy and invests up to 50% of Fund assets under the Alternative Component Strategy. The Sub-Advisor adjusts allocations between the strategies based on its view of expected returns. Within each strategy, the Sub-Advisor adjusts allocations between instruments based on its view of expected returns and each strategy if focused on a type of risk premium (either price risk premium or capital risk premium)./span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"The Sub-Advisor executes a portion of the Alternative Component Strategy by investing up to 25% of Fund assets in a wholly-owned and controlled subsidiary (the “Subsidiary”). The Subsidiary is designed to enhance the ability of the Fund to obtain exposure to the commodities market through commodity linked investments consistent with the limits of the U.S. federal tax law requirements applicable to registered investment companies. The Subsidiary is subject to the same investment restrictions as the Fund, when viewed on a consolidated basis./span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"The Fund actively trades its portfolio investments, which may lead to higher transaction costs that may affect the Fund’s performance./span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"The Fund is classified as “non-diversified” for purposes of the Investment Company Act of 1940 (the “1940 Act”), which means a relatively high percentage of the Fund’s assets may be invested in the securities of a limited number of companies that could be in the same or related economic sectors./span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p
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SYMIX - Performance
Return Ranking - Trailing
| Period | SYMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.0% | -6.1% | 66.5% | 3.36% |
| 1 Yr | 8.1% | -5.2% | 150.3% | 96.88% |
| 3 Yr | 5.1%* | -1.3% | 30.7% | N/A |
| 5 Yr | 5.1%* | 0.6% | 26.0% | N/A |
| 10 Yr | N/A* | 1.3% | 16.5% | N/A |
* Annualized
Return Ranking - Calendar
| Period | SYMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -1.1% | -39.0% | 56.4% | 96.45% |
| 2022 | -3.4% | -5.8% | 25.7% | N/A |
| 2021 | 13.8% | -52.1% | 0.0% | N/A |
| 2020 | -4.3% | -6.5% | 32.7% | N/A |
| 2019 | N/A | -43.7% | 17.8% | N/A |
Total Return Ranking - Trailing
| Period | SYMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.0% | -6.1% | 78.9% | 3.36% |
| 1 Yr | 8.1% | -5.2% | 150.3% | 95.99% |
| 3 Yr | 5.1%* | -1.3% | 30.7% | N/A |
| 5 Yr | 5.1%* | 0.6% | 26.0% | N/A |
| 10 Yr | N/A* | 1.3% | 16.5% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | SYMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.9% | -39.0% | 56.4% | 96.45% |
| 2022 | 6.1% | -5.8% | 25.7% | N/A |
| 2021 | 14.1% | -47.9% | 0.8% | N/A |
| 2020 | -2.6% | -3.7% | 56.2% | N/A |
| 2019 | N/A | -43.7% | 19.8% | N/A |
NAV & Total Return History
SYMIX - Holdings
Concentration Analysis
| SYMIX | Category Low | Category High | SYMIX % Rank | |
|---|---|---|---|---|
| Net Assets | 39.2 M | 539 K | 192 B | 93.95% |
| Number of Holdings | 241 | 2 | 14931 | 38.18% |
| Net Assets in Top 10 | 16.4 M | -9.34 M | 36.6 B | 92.94% |
| Weighting of Top 10 | 40.10% | 8.0% | 100.0% | 54.29% |
Top 10 Holdings
- FIRST AM-TR OB-X 9.29%
- INVESCO QQQ TRUS 4.99%
- INVES NASDAQ 100 4.99%
- B 10/03/24 4.89%
- B 11/05/24 4.87%
- B 11/29/24 4.86%
- B 10/29/24 2.44%
- HARTFORD FINL SV 1.28%
- ISHARES MSCI AUS 1.28%
- JPM BETABUILD JP 1.21%
Asset Allocation
| Weighting | Return Low | Return High | SYMIX % Rank | |
|---|---|---|---|---|
| Stocks | 64.66% | 0.00% | 130.38% | 81.41% |
| Bonds | 17.06% | -0.38% | 121.14% | 96.83% |
| Cash | 14.56% | -30.38% | 81.05% | 2.74% |
| Other | 3.72% | -4.86% | 62.34% | 5.48% |
| Preferred Stocks | 0.00% | -0.01% | 24.34% | 6.48% |
| Convertible Bonds | 0.00% | 0.00% | 26.60% | 16.14% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SYMIX % Rank | |
|---|---|---|---|---|
| Financial Services | 20.55% | 0.00% | 100.00% | 7.49% |
| Consumer Cyclical | 11.84% | 0.00% | 24.11% | 5.62% |
| Basic Materials | 10.47% | 0.00% | 27.35% | 35.16% |
| Technology | 9.59% | 0.00% | 52.18% | 95.82% |
| Real Estate | 8.97% | 0.00% | 99.16% | 10.52% |
| Industrials | 8.75% | 0.00% | 33.15% | 13.69% |
| Healthcare | 8.46% | 0.00% | 33.78% | 69.88% |
| Energy | 8.29% | 0.00% | 90.89% | 20.32% |
| Consumer Defense | 6.94% | 0.00% | 17.16% | 22.05% |
| Communication Services | 3.43% | 0.00% | 30.83% | 93.23% |
| Utilities | 2.71% | 0.00% | 100.00% | 72.91% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | SYMIX % Rank | |
|---|---|---|---|---|
| US | 64.66% | 0.00% | 97.94% | 93.52% |
| Non US | 0.00% | 0.00% | 69.93% | 5.19% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | SYMIX % Rank | |
|---|---|---|---|---|
| Government | 56.19% | 0.00% | 96.20% | 85.88% |
| Cash & Equivalents | 9.29% | 0.04% | 100.00% | 3.03% |
| Derivative | 3.72% | 0.00% | 33.42% | 25.50% |
| Securitized | 0.00% | 0.00% | 85.21% | 89.77% |
| Corporate | 0.00% | 0.00% | 99.08% | 90.06% |
| Municipal | 0.00% | 0.00% | 24.11% | 38.33% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | SYMIX % Rank | |
|---|---|---|---|---|
| US | 17.06% | -0.38% | 66.47% | 96.97% |
| Non US | 0.00% | -9.41% | 97.27% | 53.75% |
SYMIX - Expenses
Operational Fees
| SYMIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.03% | 0.01% | 14.81% | 4.38% |
| Management Fee | 1.35% | 0.00% | 1.75% | 99.71% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 5.02% |
| Administrative Fee | N/A | 0.01% | 0.83% | N/A |
Sales Fees
| SYMIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| SYMIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 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.
| SYMIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 484.00% | 87.54% |
SYMIX - Distributions
Dividend Yield Analysis
| SYMIX | Category Low | Category High | SYMIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.91% | 0.00% | 7.16% | 40.77% |
Dividend Distribution Analysis
| SYMIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annually | Quarterly | Quarterly |
Net Income Ratio Analysis
| SYMIX | Category Low | Category High | SYMIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.29% | -1.95% | 11.02% | 78.36% |
Capital Gain Distribution Analysis
| SYMIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 14, 2023 | $0.236 | OrdinaryDividend |
| Dec 15, 2022 | $1.135 | OrdinaryDividend |
| Dec 16, 2021 | $0.030 | OrdinaryDividend |
| Dec 17, 2020 | $0.180 | OrdinaryDividend |
| Dec 17, 2019 | $0.266 | OrdinaryDividend |
SYMIX - Fund Manager Analysis
Managers
Timothy Rudderow
Start Date
Tenure
Tenure Rank
Aug 08, 2019
2.81
2.8%
Mr. Timothy Rudderow is the Co-Founder and serves as Chief Executive Officer, President and Chief Investment Officer at Mount Lucas Management. Tim co-founded Mount Lucas in 1986 and is the firm's president, overseeing all of its activities. He has been in the investment business since the late 1970s, when he worked at Commodities Corporation with the late Frank Vannerson, another co-founder of Mount Lucas. Tim specializes in the design and management of technical trading systems applied to the futures, equity, and fixed income markets. He holds a B.A. in Mathematics from Rutgers University and an M.B.A. in Management Analysis from Drexel University.
David Aspell
Start Date
Tenure
Tenure Rank
Aug 08, 2019
2.81
2.8%
Mr. David Aspell serves as Portfolio Manager at Mount Lucas Management. David joined Mount Lucas in 2011 as the firm's Chief Risk Officer. Prior to joining Mount Lucas, David spent approximately 6 years at Man Group as a Senior Risk Manager, working in London, New York and Chicago. He holds a Masters degree from Nottingham University.
Gerald Prior
Start Date
Tenure
Tenure Rank
Aug 08, 2019
2.81
2.8%
Gerald L. Prior, III is Chief Operating Officer and Portfolio Manager of Mount Lucas Management LP and a Manager of its General Partner, MLM LLC. Mr. Prior joined the predecessor to Mount Lucas Management LP (Mount Lucas Management Corp.) in 1997. He served as portfolio manager for MLM Index™, for MLM Symmetry™ and for custom quantitative derivative products. Previously, he was responsible for maintaining the firm’s investment technology infrastructure and for conducting extensive portfolio research using futures modelling.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.07 | 37.27 | 6.05 | 1.25 |
