MUNIX Performance — AlphaCentric SWBC Municipal Opportunities Fund, Class I
Data updated: 2024-02-28
MUNIX returned +6.31% over one year to Dec 2023. The annualised 3-year return is −3.39%. The fund trailed its Long-Term Municipal Bond category average: $100 invested three years ago grew to $90, against $97 for the category, and to $106 over one year, against $107. Volatility over the past three years was 10.63% a year. In the 12 months to Dec 2023 the fund took in a net $4.7M, and assets reached $9.05M.
MUNIX Growth of $100
What $100 invested in AlphaCentric SWBC Municipal Opportunities Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | MUNIX | Category average |
|---|---|---|
| 1 year (Jan 2023 – Dec 2023) | $106 | $107 |
| 3 years (Jan 2021 – Dec 2023) | $90 | $97 |
| Since data start (Jan 2020 – Dec 2023) | $96 | $102 |
MUNIX Trailing Returns
Total returns to Dec 2023, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +6.31% |
| 3 years (annualised) | −3.39% |
MUNIX Annual Returns
Calendar-year total returns of AlphaCentric SWBC Municipal Opportunities Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2023 | +6.31% |
| 2022 | −17.04% |
| 2021 | +2.22% |
| 2020 | +6.20% |
MUNIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | +4.5% | −3.6% | +1.1% | −0.4% | −0.9% | +2.0% | +0.7% | −1.7% | −3.4% | −2.2% | +7.7% | +2.8% |
| 2022 | −4.2% | −1.9% | −3.7% | −3.9% | +1.9% | −3.4% | +2.6% | −3.5% | −6.5% | −2.1% | +7.8% | −0.8% |
| 2021 | +1.3% | −0.9% | +0.9% | +1.2% | −0.1% | +1.1% | +0.1% | −0.3% | −2.4% | −0.2% | +0.7% | +0.8% |
| 2020 | −0.7% | −0.3% | 0.0% | −4.5% | +3.5% | +3.1% | +2.0% | −0.9% | −0.2% | −0.6% | +3.5% | +1.3% |
MUNIX Risk
Risk measures from monthly returns over Jan 2021 – Dec 2023.
- 3-year volatility (annualised): 10.63%
- 3-year Sharpe ratio: -0.74 (vs 4.5% risk-free rate)
- Best month: +7.80% (Nov 2022)
- Worst month: −6.50% (Sep 2022)
MUNIX Fund Flows
Monthly money in and out of AlphaCentric SWBC Municipal Opportunities Fund, from SEC Form N-PORT.
- 12-month net flow: $4.7M
- 12-month gross sales (incl. reinvestments): $2.3M
- Sales ÷ redemptions: -0.99×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Dec 2023 | $37K | −$1.3M | $1.4M |
| Nov 2023 | $108K | −$69K | $177K |
| Oct 2023 | $329K | −$78K | $407K |
| Sep 2023 | $155K | −$13K | $168K |
| Aug 2023 | $103K | −$98K | $202K |
| Jul 2023 | $123K | −$131K | $255K |
| Jun 2023 | $179K | −$99K | $279K |
| May 2023 | $114K | −$47K | $161K |
| Apr 2023 | $162K | −$168K | $330K |
| Mar 2023 | $321K | −$182K | $503K |
| Feb 2023 | $476K | −$97K | $573K |
| Jan 2023 | $241K | −$62K | $303K |
MUNIX Assets Under Management
Net assets of AlphaCentric SWBC Municipal Opportunities Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2023-12-31 | $9.05M |
| 2023-09-30 | $9.38M |
| 2023-06-30 | $9.78M |
| 2023-03-31 | $9.69M |
| 2022-12-31 | $8.92M |
| 2022-09-30 | $8.88M |
| 2022-06-30 | $9.52M |
| 2022-03-31 | $8.90M |
| 2021-12-31 | $9.10M |
| 2021-09-30 | $6.22M |
| 2021-06-30 | $4.03M |
| 2021-03-31 | $1.62M |
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.