AlphaCentric Premium Opportunity Fund Class A
HMXAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 4221 North 203rd Street, Suite 100 Elkhorn NE United States of America 68022-3474
- IPO Date
- Sep 30, 2016
- CIK
- 0001355064
- Website
- alphacentricfunds.com
- Similar Companies
- Business
- AlphaCentric Premium Opportunity Fund Class A (HMXAX) is an open-end mutual fund that seeks long-term capital appreciation with lower overall volatility than the equity market by investing primarily in long and short futures, call and put options on equity indices, and related cash equivalents. The fund employs options trading strategies, including S&P 500 E-mini options, SPX index options, and holdings in money market funds such as First American Treasury Obligations and Fidelity Government Portfolio; it maintains significant cash allocations alongside leveraged positions via derivatives to manage market exposure and volatility. Managed by Russell Kellites of AlphaCentric Advisors LLC since inception, the fund operates within the Morningstar Options Trading category, with a net expense ratio of approximately 2.28%, a front-end load of 5.75%, and a minimum initial investment of $2,500. Launched on September 30, 2016, following a tax-free reorganization in which it acquired the assets and liabilities of the predecessor private fund Theta Funds, L.P., the fund is part of Mutual Fund Series Trust and distributed through U.S. channels. AlphaCentric Advisors LLC, the investment manager, is headquartered at 53 Palmeras Street, Suite 601, San Juan, Puerto Rico 00901, with historical operations referenced in Huntington, New York. The fund targets investors seeking equity-hedged exposure through derivatives rather than direct equity holdings, with total net assets around $38 million to $77 million across share classes (A: HMXAX, C: HMXCX, I: HMXIX). No major partnerships, acquisitions, funding rounds, or strategic shifts specific to the fund have been reported in the last 1-2 years; it continues to focus on its core options-based strategy amid ongoing portfolio adjustments to market conditions, such as dynamic shifts between short and long volatility positions. Recent performance reflects year-to-date returns of approximately 9% as of late 2025, with holdings emphasizing cash equivalents (over 96% in some periods) and selective equity index options for premium capture and hedging. The fund remains available for sale in the United States, servicing retail and institutional investors through platforms like Fidelity and Schwab.