IOFCX Fees and Costs — AlphaCentric Income Opportunity Fund, Class C
Data updated: 2026-08-27
The net expense ratio is 2.86%: a 1.30% management fee, a 1.00% 12b-1 fee plus 0.72% other expenses, less a 0.16% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $19K in broker commissions, 0.0080% of average net assets, and portfolio turnover was 14%.
IOFCX Fees and Expenses
Annual operating expenses and sales charges of IOFCX. Prospectus, as of July 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.30% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.72% |
| Gross expense ratio | 3.02% |
| Fee waiver | −0.16% |
| Net expense ratio | 2.86% |
| 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 |
IOFCX Costs Over Time
On $10,000 invested in IOFCX, assuming 5% a year before costs, total costs come to $1,728 over 5 years, cutting the return by 3.01% 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 2.86%) | $300 | $919 | $1,562 |
| Trading costs (broker commissions) | $1 | $3 | $4 |
| Lost growth on money paid in costs | $0 | $46 | $161 |
| Total costs | $301 | $968 | $1,728 |
| Value after costs | $10,199 | $10,609 | $11,035 |
| Impact on return, per year | 3.01% | 3.01% | 3.01% |
IOFCX 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): 0.0080%
- Total broker commissions: $19K
- Bought from dealers (principal trades, not a cost): $67.5M
- Portfolio turnover (prospectus): 14%
- Securities lending: none during the year
IOFCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Inc. | $19K | 100.00% |
IOFCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Bay Crest Partners, LLC | $16.4M | 24.30% |
| Browstone Investment Group LLC | $15.1M | 22.40% |
| CitiGroup Inc. | $10.9M | 16.20% |
| Brean Capital, LLC | $8.0M | 11.83% |
| Mizuho Securities USA LLC | $5.7M | 8.49% |
| Bofa Securities, Inc. | $4.1M | 6.09% |
| Piper Sandler & Co. | $3.3M | 4.96% |
| Robert W. Baird & Co. | $2.0M | 2.95% |
| BTIG, LLC | $1.9M | 2.76% |
AlphaCentric Income 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 |
|---|---|---|---|
| IOFIX | Class I | 1.86% | none |
| IOFAX | Class A | 2.11% | 4.75% |
| IOFCX | Class C | 2.86% | 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.