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Trending ETFs

AlphaCentric Symmetry Strategy Fund

mutual fund
SYMAX
Payout Change
Pending
Price as of:
$12.61 +0.01 +0.08%
primary theme
N/A
SYMAX (Mutual Fund)

AlphaCentric Symmetry Strategy Fund

Payout Change
Pending
Price as of:
$12.61 +0.01 +0.08%
primary theme
N/A
SYMAX (Mutual Fund)

AlphaCentric Symmetry Strategy Fund

Payout Change
Pending
Price as of:
$12.61 +0.01 +0.08%
primary theme
N/A

Name

As of 12/11/2024

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

$12.61

$39.2 M

1.17%

$0.15

2.28%

Vitals

YTD Return

9.7%

1 yr return

10.6%

3 Yr Avg Return

5.6%

5 Yr Avg Return

5.3%

Net Assets

$39.2 M

Holdings in Top 10

40.1%

52 WEEK LOW AND HIGH

$12.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.28%

SALES FEES

Front Load 5.75%

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 12/11/2024

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

$12.61

$39.2 M

1.17%

$0.15

2.28%

SYMAX - Profile

Distributions

  • YTD Total Return 9.7%
  • 3 Yr Annualized Total Return 5.6%
  • 5 Yr Annualized Total Return 5.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.54%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    AlphaCentric Symmetry Strategy Fund
  • Fund Family Name
    Mutual Fund Series Trust
  • Inception Date
    Sep 01, 2014
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Timothy 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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SYMAX - Performance

Return Ranking - Trailing

Period SYMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.7% -6.1% 66.5% 3.50%
1 Yr 10.6% -5.2% 150.3% 97.03%
3 Yr 5.6%* -1.3% 30.7% N/A
5 Yr 5.3%* 0.6% 26.0% N/A
10 Yr N/A* 1.3% 16.5% N/A

* Annualized

Return Ranking - Calendar

Period SYMAX Return Category Return Low Category Return High Rank in Category (%)
2023 -0.6% -39.0% 56.4% 96.30%
2022 -3.6% -5.8% 25.7% N/A
2021 13.8% -52.1% 0.0% N/A
2020 -4.2% -6.5% 32.7% N/A
2019 N/A -43.7% 17.8% N/A

Total Return Ranking - Trailing

Period SYMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.7% -6.1% 78.9% 3.50%
1 Yr 10.6% -5.2% 150.3% 97.62%
3 Yr 5.6%* -1.3% 30.7% N/A
5 Yr 5.3%* 0.6% 26.0% N/A
10 Yr N/A* 1.3% 16.5% N/A

* Annualized

Total Return Ranking - Calendar

Period SYMAX Return Category Return Low Category Return High Rank in Category (%)
2023 0.7% -39.0% 56.4% 96.30%
2022 5.8% -5.8% 25.7% N/A
2021 14.0% -47.9% 0.8% N/A
2020 -2.9% -3.7% 56.2% N/A
2019 N/A -43.7% 19.8% N/A

NAV & Total Return History


SYMAX - Holdings

Concentration Analysis

SYMAX Category Low Category High SYMAX % Rank
Net Assets 39.2 M 539 K 192 B 94.09%
Number of Holdings 241 2 14931 38.33%
Net Assets in Top 10 16.4 M -9.34 M 36.6 B 93.08%
Weighting of Top 10 40.10% 8.0% 100.0% 54.44%

Top 10 Holdings

  1. FIRST AM-TR OB-X 9.29%
  2. INVESCO QQQ TRUS 4.99%
  3. INVES NASDAQ 100 4.99%
  4. B 10/03/24 4.89%
  5. B 11/05/24 4.87%
  6. B 11/29/24 4.86%
  7. B 10/29/24 2.44%
  8. HARTFORD FINL SV 1.28%
  9. ISHARES MSCI AUS 1.28%
  10. JPM BETABUILD JP 1.21%

Asset Allocation

Weighting Return Low Return High SYMAX % Rank
Stocks
64.66% 0.00% 130.38% 81.56%
Bonds
17.06% -0.38% 121.14% 96.97%
Cash
14.56% -30.38% 81.05% 2.88%
Other
3.72% -4.86% 62.34% 5.62%
Preferred Stocks
0.00% -0.01% 24.34% 6.63%
Convertible Bonds
0.00% 0.00% 26.60% 16.28%

Stock Sector Breakdown

Weighting Return Low Return High SYMAX % Rank
Financial Services
20.55% 0.00% 100.00% 7.64%
Consumer Cyclical
11.84% 0.00% 24.11% 5.76%
Basic Materials
10.47% 0.00% 27.35% 35.30%
Technology
9.59% 0.00% 52.18% 95.97%
Real Estate
8.97% 0.00% 99.16% 10.66%
Industrials
8.75% 0.00% 33.15% 14.12%
Healthcare
8.46% 0.00% 33.78% 70.32%
Energy
8.29% 0.00% 90.89% 20.46%
Consumer Defense
6.94% 0.00% 17.16% 22.33%
Communication Services
3.43% 0.00% 30.83% 93.37%
Utilities
2.71% 0.00% 100.00% 73.34%

Stock Geographic Breakdown

Weighting Return Low Return High SYMAX % Rank
US
64.66% 0.00% 97.94% 93.66%
Non US
0.00% 0.00% 69.93% 5.33%

Bond Sector Breakdown

Weighting Return Low Return High SYMAX % Rank
Government
56.19% 0.00% 96.20% 86.02%
Cash & Equivalents
9.29% 0.04% 100.00% 3.17%
Derivative
3.72% 0.00% 33.42% 25.65%
Securitized
0.00% 0.00% 85.21% 90.35%
Corporate
0.00% 0.00% 99.08% 90.20%
Municipal
0.00% 0.00% 24.11% 38.62%

Bond Geographic Breakdown

Weighting Return Low Return High SYMAX % Rank
US
17.06% -0.38% 66.47% 97.12%
Non US
0.00% -9.41% 97.27% 53.89%

SYMAX - Expenses

Operational Fees

SYMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.28% 0.01% 14.81% 3.32%
Management Fee 1.35% 0.00% 1.75% 99.86%
12b-1 Fee 0.25% 0.00% 1.00% 52.39%
Administrative Fee N/A 0.01% 0.83% N/A

Sales Fees

SYMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 2.00% 5.75% 41.90%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SYMAX 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.

SYMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 484.00% 88.45%

SYMAX - Distributions

Dividend Yield Analysis

SYMAX Category Low Category High SYMAX % Rank
Dividend Yield 1.17% 0.00% 7.16% 91.42%

Dividend Distribution Analysis

SYMAX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Quarterly Quarterly

Net Income Ratio Analysis

SYMAX Category Low Category High SYMAX % Rank
Net Income Ratio -0.54% -1.95% 11.02% 93.28%

Capital Gain Distribution Analysis

SYMAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

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SYMAX - 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.

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.

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 37.27 6.05 1.25