HMXIX Fees and Costs — AlphaCentric Premium Opportunity Fund, Class I
Data updated: 2026-08-27
The net expense ratio is 2.07% (2.49% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $20K in broker commissions, 0.0505% of average net assets, and portfolio turnover was 0%.
HMXIX Fees and Expenses
Annual operating expenses and sales charges of HMXIX. Prospectus, as of July 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.66% |
| Gross expense ratio | 2.49% |
| Fee waiver | −0.42% |
| Net expense ratio | 2.07% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
HMXIX Costs Over Time
On $10,000 invested in HMXIX, assuming 5% a year before costs, total costs come to $1,297 over 5 years, cutting the return by 2.23% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 2.07%) | $217 | $670 | $1,149 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $0 | $34 | $120 |
| Total costs | $223 | $721 | $1,297 |
| Value after costs | $10,277 | $10,855 | $11,466 |
| Impact on return, per year | 2.23% | 2.23% | 2.23% |
HMXIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0505%
- Total broker commissions: $20K
- Bought from dealers (principal trades, not a cost): $218.1M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
HMXIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers | $20K | 100.00% |
HMXIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Stonex Financial, Inc. | $213.5M | 97.89% |
| Interactive Brokers | $4.6M | 2.11% |
AlphaCentric Premium Opportunity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| HMXIX | Class I | 2.07% | none |
| HMXAX | Class A | 2.32% | 5.75% |
| HMXCX | Class C | 3.07% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.