AEIIX — AlphaCentric Energy Income Fund

AEIIX Fund Overview

AEIIX — AlphaCentric Energy Income Fund is a US mutual fund managed by Mutual Fund Series Trust, categorised as Emerging Markets Blend / Core Energy Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Mutual Fund Series Trust
• Category: Emerging Markets Blend / Core Energy Equity
• Assets under management: $1.12M
• Ticker: AEIIX
• SEC CIK: 0001355064
• SEC series ID: S000067432
• Share class ID: C000216799

AEIIX Investment Objective and Strategy

AlphaCentric Energy Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Mutual Fund Series Trust.

Investment objective

The Funds investment objective is total return with an emphasis on current income.

Principal investment strategy

"The Fund seeks to achieve its stated objective by investing in the equity and debt securities of domestic and foreign (including emerging markets) midstream energy infrastructure companies, renewable energy infrastructure companies and other issuers in the energy sector. Midstream energy infrastructure companies are companies that own and operate assets used in energy logistics. Renewable energy infrastructure companies are utilities, independent power producers, developers and other companies that own, provide services for or operate any assets used in the generation, production, distribution, transportation, storage and marketing of renewable energy. Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in the securities of energy industry companies.

The Fund defines energy industry companies as those that earn a majority of revenue or profits from owning, operating, or providing services for, or have a majority of assets involved in, exploring, developing, producing, generating, transporting, transmitting, storing, gathering, processing, refining, distributing, mining or marketing of natural gas, natural gas liquids, crude oil, refined products, electricity or renewable energy, such as solar, wind, hydroelectric power, geothermal and biomass power, including midstream energy industry infrastructure companies and renewable energy infrastructure companies (collectively, Energy Industry Companies). The Fund concentrates its investments (i.e., invests more than 25% of its assets) in the Energy Industry Companies. Additionally, the Fund invests primarily in income producing securities.

The Fund intends to be taxed as a regulated investment company (RIC) and comply with all RIC-related restrictions, including limiting its investment in entities taxed as qualified publicly traded partnerships to 25%. The equity securities that the Fund may invest include the common stock and preferred stock of companies of any capitalization that are publicly traded on an exchange or in the over-the-counter market including securities of master limited partnerships. The Fund may invest in the debt securities of public and private companies and in securities of any maturity or duration. Duration is a measure used to determine the sensitivity of a securitys price to changes in interest rates. The longer a securitys duration, the more sensitive it will be to changes in interest rates. The more sensitive a security is to changes in interest rates, the higher its volatility risk.

The Fund does not limit its investments to a particular credit quality and may invest in distressed asset backed securities and other below investment grade securities (commonly referred to as ""junk"") without limitation. Below investment grade securities are those rated below Baa3 by Moody's Investor Services or equivalently by another nationally recognized statistical rating organization as well as non-rated securities. The Fund may invest in the securities that may have legal or contractual restrictions on resale or are otherwise illiquid (Illiquid Securities). The Fund will not invest more than 15% of the Funds net assets in these Illiquid Securities. The Funds strategy seeks to focus on investments with potential for a high level of total return while also emphasizing current income.

The Funds investment sub-advisor, Kayne Anderson Fund Advisors, LLC (the Sub-Advisor) seeks to identify companies that are poised to benefit from trends occurring in the global energy and infrastructure industry. The Sub-Advisor performs in-depth analysis on companies to identify investment opportunities, assess key market events and monitor risk. Entry and exit (i.e., buy and sell) prices for securities are generally based on fundamental analysis of the value of the underlying assets or on relative value. The Fund may also write (sell) covered call options against positions held in the portfolio to generate income or with the purpose of reducing ownership of certain equity securities. 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 Funds assets may be invested in the securities of a limited number of companies that could be in the same or related economic sectors.

Distribution Policy: The Funds distribution policy is to make monthly distributions to shareholders. The Fund may, at the discretion of management, target a specific level of monthly distributions (including any return of capital) from time to time. Shareholders receiving periodic payments from the Fund may be under the impression that they are receiving net profits. However, all or a portion of a distribution may consist of a return of capital. Shareholders should not assume that the source of a distribution from the Fund is net profit. For more information about the Funds distribution policy, please turn to Additional Information About the Funds Principal Investment Strategies and Related Risks Principal Investment Strategies AlphaCentric Energy Income Fund Distribution Policy and Goals section in the Funds Prospectus."

AEIIX Costs and Fees

AEIIX costs about $149 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.49%
• Gross expense ratio: 1.64%
• Brokerage commissions: 4.18 bps of average net assets (SEC N-CEN)

AEIIX Cashflows

Over the 12 months to 2020-06, AlphaCentric Energy Income Fund had net inflows of $24.83M, from monthly SEC N-PORT filings.

AEIIX Debt Constituents

No individual debt constituents are reported in AlphaCentric Energy Income Fund's latest SEC N-PORT filing.

AEIIX Prospectus and SEC Filings

Official AlphaCentric Energy Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2020-01-06
• Portfolio holdings (N-PORT) — filed 2020-08-28
• Portfolio holdings (N-PORT) — filed 2020-05-28
• Annual census (N-CEN) — filed 2020-06-15

Related Funds

Other Emerging Markets Blend / Core Energy Equity funds tracked on ABC INVEST:

• Ninepoint Energy ETF (ENRG)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.