AlphaCentric Premium Opportunity Fund Class I
HMXIX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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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 I (HMXIX) is an open-end mutual fund that seeks long-term capital appreciation through an equity-hedged strategy focused on downside risk management and volatility defense. The fund invests primarily in long and short futures and call and put options on futures on the S&P 500 Index; futures contracts on the Cboe Volatility Index; cash and cash equivalents; securities that represent the return of a securities index; volatility exchange traded funds; and income securities of any maturity or credit quality, including investment companies that invest in such income securities. It maintains a high allocation to cash equivalents (approximately 98.73% as of recent data), with minor positions in U.S. stocks and options for market participation and hedging. Managed by Russell Kellites since inception on September 30, 2016, the fund is domiciled in the United States and available for sale primarily in the U.S. market, with total net assets of approximately $40.47 million for Class I shares and a net expense ratio of 2.02%. AlphaCentric Advisors LLC, the fund's investment adviser founded in 2014 and headquartered in Huntington, New York, oversees a family of niche mutual funds offering hedge fund-like strategies with daily liquidity and transparency. The fund operates within the Morningstar Options Trading category, targeting investors seeking low correlation to traditional equity and fixed income markets through artificial intelligence-driven models for volatility and market direction. Recent developments for AlphaCentric Funds include the rebranding of the AlphaCentric Strategic Income Fund to AlphaCentric Real Income Fund on November 1, 2024, with CrossingBridge Advisors appointed as the new sub-adviser, reflecting ongoing strategic enhancements in the firm's income-focused offerings. No major acquisitions, funding rounds, or partnerships specific to the Premium Opportunity Fund or AlphaCentric Advisors were reported in 2024 or 2025, maintaining focus on core volatility and equity-hedged strategies amid stable operations. The fund continues to emphasize institutional-quality approaches adapted for retail investors, with portfolio turnover at 0% and daily pricing.