Investment objective & strategy
As of July 28, 2025 · prospectusObjective. The Fund?s investment objective is to achieve long-term capital appreciation.
Strategy. Under normal circumstances, the Fund seeks to achieve its investment objective by investing primarily in long and short futures and call and put options on futures on the S&P 500 Index (the ?Index?); futures contracts on the Cboe Volatility Index; and cash and cash equivalents, including money market funds and treasury securities. The Fund may also invest in securities that represent the return of a securities index (such as exchange traded funds like the SPDR Trust Series I units); volatility exchange traded funds; and income securities of any maturity or credit quality (including lower quality fixed income securities, commonly referred to as ?junk? bonds), and investment companies that invest in such income securities (including affiliated and unaffiliated investment companies). The … Under normal circumstances, the Fund seeks to achieve its investment objective by investing primarily in long and short futures and call and put options on futures on the S&P 500 Index (the ?Index?); futures contracts on the Cboe Volatility Index; and cash and cash equivalents, including money market funds and treasury securities. The Fund may also invest in securities that represent the return of a securities index (such as exchange traded funds like the SPDR Trust Series I units); volatility exchange traded funds; and income securities of any maturity or credit quality (including lower quality fixed income securities, commonly referred to as ?junk? bonds), and investment companies that invest in such income securities (including affiliated and unaffiliated investment companies). The Fund?s strategy employs a rules-based program that seeks to achieve its investment objective in multiple ways: (1) the Fund purchases stock index futures and places option trades designed to make positive returns as the market rises; (2) the Fund collects premiums on options it sells; (3) the Fund may enter into positions designed to hedge or profit from either an increase or decrease in Index volatility; and (4) the Fund may increase or decrease the balance of puts and calls and futures based on market direction. The Fund actively trades its portfolio investments, which may lead to higher transaction costs that may affect the Fund?s performance.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| FIRST AM-TR OB-X | TMPXX | $14.98M | 46.17% |
| MONEYMKT | FIGXX | $4.56M | 14.07% |
| USDpZARc Digi 17.50 DKO | 25 | $753.38K | 2.32% |
| USDpZARc Digi 17.50 DKO | 25 | $560.00K | 1.73% |
| USDpZARc Digi 17.50 DKO | 25 | $452.81K | 1.40% |
| USDpZARc Digi 17.50 DKO | 25 | $410.62K | 1.27% |
| US ULTRA BOND CBT Sep25 | — | $378.30K | 1.17% |
| USDpZARc Digi 17.50 DKO | 25 | $227.62K | 0.70% |
| USDpZARc Digi 17.50 DKO | 25 | $217.50K | 0.67% |
| US ULTRA BOND CBT Sep25 | — | $216.35K | 0.67% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Optima Strategic Credit Fund | 66% | 2.10% |
| Vest 10 Year Interest Rate Hedge ETF · RYSE | 66% | 0.94% |
| Vest 2 Year Interest Rate Hedge ETF · HYKE | 66% | 0.93% |
Advisers
| Firm | Role |
|---|---|
| AlphaCentric Advisors LLC | Adviser |
Footnotes
- Expense ratio as of July 28, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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