SIIIX Fees and Costs — AlphaCentric Real Income Fund, Class I
Data updated: 2026-08-27
The net expense ratio is 1.51% (2.28% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $43K in broker commissions, 0.0934% of average net assets, and portfolio turnover was 152%.
SIIIX Fees and Expenses
Annual operating expenses and sales charges of SIIIX. Prospectus, as of July 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.76% |
| Gross expense ratio | 2.28% |
| Fee waiver | −0.77% |
| Net expense ratio | 1.51% |
| 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 |
SIIIX Costs Over Time
On $10,000 invested in SIIIX, assuming 5% a year before costs, total costs come to $991 over 5 years, cutting the return by 1.68% 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 1.51%) | $159 | $492 | $847 |
| Trading costs (broker commissions) | $10 | $30 | $52 |
| Lost growth on money paid in costs | $0 | $26 | $91 |
| Total costs | $168 | $548 | $991 |
| Value after costs | $10,332 | $11,028 | $11,772 |
| Impact on return, per year | 1.68% | 1.68% | 1.68% |
SIIIX 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): 0.0934%
- Total broker commissions: $43K
- Bought from dealers (principal trades, not a cost): $28.6M
- Portfolio turnover (prospectus): 152%
- Securities lending: none during the year
SIIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jonestrading Institutional Services LLC | $37K | 84.33% |
| Oscar Gruss & Son Incorporated | $4K | 8.42% |
| DNB Markets, Inc. | $2K | 4.08% |
| Pareto Securities Inc. | $1K | 3.17% |
SIIIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co LLC | $10.0M | 35.10% |
| J.P. Morgan Securities LLC | $7.6M | 26.70% |
| Bofa Securities, Inc. | $2.2M | 7.53% |
| RBC Capital Markets, LLC | $1.7M | 5.86% |
| Deutsche Bank Securities, Inc. | $1.7M | 5.83% |
| Wells Fargo Securities, LLC | $1.2M | 4.35% |
| CitiGroup Inc. | $1.1M | 3.92% |
| Oppenheimer & Co. Inc | $1.1M | 3.68% |
| STIFEL NICOLAUS | $1.0M | 3.57% |
| Piper Sandler & Co. | $992K | 3.47% |
AlphaCentric Real Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SIIIX | Class I | 1.51% | none |
| SIIAX | Class A | 1.76% | 4.75% |
| SIICX | Class C | 2.51% | 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.