PDI - AlphaCentric Income Opportunities Fund Offers Up A Safe 5.21% Yield But Only For A Limited Time
AlphaCentric Income Opportunities (IOFIX)
This is a current income-oriented fund that pays approximately 5.00% and has $3.3B in total assets. Morningstar places the fund in its multisector US bond category. The fund is indexed to the Barclays US Universal Bond Index.
The fund shop is a boutique unit made up of niche strategies with the goal of identifying unique areas of the markets and delivering alpha while mitigating risk. The firm was founded on the basis of providing an unconventional, non-traditional offering of institutional-like strategies in a mutual fund format.
The fund has