Home
Guide
Picks
High Yield
Dates
Monthly
Screener
Resources
ESG
Retire
Channels
Continue to site >
Trending ETFs

AlphaCentric Prime Meridian Income Fund

mutual fund
PMIFX
Payout Change
Pending
Price as of:
$7.8758 +-0.0 +-0.05%
primary theme
N/A
share class
Other (PMIFX)
PMIFX (Mutual Fund)

AlphaCentric Prime Meridian Income Fund

Payout Change
Pending
Price as of:
$7.8758 +-0.0 +-0.05%
primary theme
N/A
share class
Other (PMIFX)
PMIFX (Mutual Fund)

AlphaCentric Prime Meridian Income Fund

Payout Change
Pending
Price as of:
$7.8758 +-0.0 +-0.05%
primary theme
N/A
share class
Other (PMIFX)

Name

As of 09/01/2023

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

AlphaCentric Prime Meridian Income Fund

PMIFX | Fund

$7.88

$4.7 M

1.13%

$0.09

15.84%

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$4.7 M

Holdings in Top 10

42.9%

52 WEEK LOW AND HIGH

$7.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 15.84%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 53.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$10,000

IRA

$10,000

Fund Classification

Fund Type

Closed-end mutual fund

Name

As of 09/01/2023

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

AlphaCentric Prime Meridian Income Fund

PMIFX | Fund

$7.88

$4.7 M

1.13%

$0.09

15.84%

PMIFX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 10.22%
DIVIDENDS
  • Dividend Yield 1.1%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    AlphaCentric Prime Meridian Income Fund
  • Fund Family Name
    AlphaCentric Funds
  • Inception Date
    Jan 13, 2020
  • Shares Outstanding
    553105
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Don Davis

Fund Description

PMIFX - Performance

Return Ranking - Trailing

Period PMIFX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -4.6% 8.3% 99.62%
1 Yr N/A -12.9% 1.7% 99.62%
3 Yr N/A* -6.8% 58.6% 66.12%
5 Yr N/A* -6.9% 29.6% N/A
10 Yr N/A* -3.3% 13.8% N/A

* Annualized

Return Ranking - Calendar

Period PMIFX Return Category Return Low Category Return High Rank in Category (%)
2023 -12.1% -22.9% 5.1% 87.59%
2022 -1.9% -12.2% 11.1% 98.18%
2021 N/A -11.3% 289.8% N/A
2020 N/A -8.1% 5.3% N/A
2019 N/A -12.2% -0.2% N/A

Total Return Ranking - Trailing

Period PMIFX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -4.6% 11.4% 99.62%
1 Yr N/A -12.7% 10.0% 99.62%
3 Yr N/A* -1.3% 65.5% 66.12%
5 Yr N/A* -5.4% 35.5% N/A
10 Yr N/A* 1.4% 18.7% N/A

* Annualized

Total Return Ranking - Calendar

Period PMIFX Return Category Return Low Category Return High Rank in Category (%)
2023 0.9% -22.9% 5.1% 1.77%
2022 7.5% -9.6% 11.7% 11.64%
2021 N/A -8.8% 306.9% N/A
2020 N/A -3.6% 10.2% N/A
2019 N/A -5.2% 4.5% N/A

NAV & Total Return History

PMIFX - Holdings

Concentration Analysis

PMIFX Category Low Category High PMIFX % Rank
Net Assets 4.7 M 4.45 M 181 B 100.00%
Number of Holdings 361 12 1447 40.00%
Net Assets in Top 10 2.02 M -191 M 2.54 B 97.54%
Weighting of Top 10 42.88% 4.6% 89.7% 8.10%

Top 10 Holdings

  1. U.S. Bank Money Market Deposit Account 33.35%
  2. 41159.FF.ACA 1.10%
  3. 22482.SH.ACA 1.06%
  4. 22478.SH.ACA 1.06%
  5. 21998.SH.ACA 1.06%
  6. 22483.SH.ACA 1.06%
  7. 22008.SH.ACA 1.05%
  8. 45227.FF.ACA 1.05%
  9. 65117.FF.ACA 1.05%
  10. 22228.SH.ACA 1.04%

Asset Allocation

Weighting Return Low Return High PMIFX % Rank
Bonds 		65.82% 28.71% 161.82% 95.44%
Cash 		34.18% -61.90% 53.95% 0.35%
Stocks 		0.00% 0.00% 26.82% 92.63%
Preferred Stocks 		0.00% -3.99% 1.54% 60.00%
Other 		0.00% -54.21% 26.58% 72.63%
Convertible Bonds 		0.00% 0.00% 5.51% N/A

Bond Sector Breakdown

Weighting Return Low Return High PMIFX % Rank
Cash & Equivalents 		33.35% 0.00% 54.60% 0.35%
Derivative 		0.00% 0.00% 7.03% 64.21%
Securitized 		0.00% 0.00% 91.68% N/A
Corporate 		0.00% 0.00% 141.23% N/A
Municipal 		0.00% 0.00% 0.47% N/A
Government 		0.00% 0.00% 3.18% N/A

Bond Geographic Breakdown

Weighting Return Low Return High PMIFX % Rank
US 		65.82% 14.05% 128.23% 92.28%
Non US 		0.00% 0.00% 84.20% 68.77%

PMIFX - Expenses

Operational Fees

PMIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 15.84% 0.01% 15.84% 0.35%
Management Fee 1.50% 0.00% 1.89% 93.49%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.27% N/A

Sales Fees

PMIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 3.00% N/A

Trading Fees

PMIFX 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.

PMIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 53.00% 4.00% 215.00% 42.22%

PMIFX - Distributions

Dividend Yield Analysis

PMIFX Category Low Category High PMIFX % Rank
Dividend Yield 1.13% 0.00% 9.32% 92.49%

Dividend Distribution Analysis

PMIFX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Monthly Monthly

Net Income Ratio Analysis

PMIFX Category Low Category High PMIFX % Rank
Net Income Ratio 10.22% 1.77% 10.22% 0.36%

Capital Gain Distribution Analysis

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

Distributions History

View More +

PMIFX - Fund Manager Analysis

Managers

Don Davis

Start Date

Tenure

Tenure Rank

Dec 31, 2019

2.42

2.4%

Don Davis serves as the Fund’s portfolio manager and is primarily responsible for the day-to-day management of the Fund’s portfolio. Mr. Davis has been a Principal and Portfolio Manager of Prime Meridian since 2012. As a seasoned industry veteran and skilled portfolio manager, Mr. Davis applies his knowledge, conservative management principles, and hands on expertise to the day-to-day management of the Prime. Mr. Davis is also a principal of Novus Investments, LLC (“Novus”), a boutique alternative investment management Prime, and was previously a top ranked futures trader in the US for performance over both a 5 and a 7 year period. Mr. Davis is also a recognized speaker in the marketplace lending institutional investing space recently featured at: Bloomberg, LendIt, American Bankers Association, Forbes, IMN, Emerging Manager Forum, AltInvest, LendAcademy, the P2P Lending Investing Summit; and John Lothian News. Mr. Davis resides in the San Francisco Bay area and is actively involved in local charities with a special interest in assisting disadvantaged children, the disabled, and veterans.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 21.18 6.05 3.25

Advertisement

×

Wait! Rates are rising, is your portfolio ready?

×