Fund Evaluator:
AlphaCentric Symmetry Strategy I (SYMIX)
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Best Performing in Multistrategy Over the Last Year
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| 14.2% | Goldman Sachs Multi-Strategy Alts Inv (GIMMX) |
| 13.0% | AQR Diversifying Strategies N (QDSNX) |
| 12.7% | Blackstone Alternative Multi-Strategy Y (BXMYX) |
Fund Details
AlphaCentric Symmetry Strategy I Overview
AlphaCentric Symmetry Strategy I (SYMIX) is an actively managed Alternative Multistrategy fund. AlphaCentric Funds launched the fund in 2019.
The investment seeks capital appreciation. The fund's investment sub-advisor, Mount Lucas Management LP (the "Sub-Advisor"), seeks to achieve its investment objective by employing two complementary strategies: Traditional Component Strategy and Alternative Component Strategy. The Sub-Advisor invests without restriction as to capitalization, country, credit quality, and debt maturity. The fund may invest in below investment grade debt instruments (commonly known as junk bonds) including securities that are in default. It is non-diversified.
About AlphaCentric Symmetry Strategy I (SYMIX)
There are 3 members of the management team with an average tenure of 6.98 years: Timothy Rudderow (2019), Gerald Prior (2019), David Aspell (2019). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and ICE BofA US 3M Trsy Bill TR USD index with a weighting of 100%. AlphaCentric Symmetry Strategy I has 201 securities in its portfolio. The top 10 holdings constitute 46.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
AlphaCentric Symmetry Strategy I is part of the Alternative Strategies global asset class and is within the Alternative fund group. AlphaCentric Symmetry Strategy I has 13.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 39.1%. There is 10.6% allocated to foreign stock, and 0.8% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 11.7% (8.7% domestic bond, 3.1% foreign bond and 0.8% convertible bond). AlphaCentric Symmetry Strategy I has 22.4% of the portfolio in cash.
Assets Under Management
The fund has $57 million in total assets, which is below the $511 million average for the Multistrategy category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
SYMIX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The AlphaCentric Symmetry Strategy I expense ratio is high compared to funds in the Multistrategy category. AlphaCentric Symmetry Strategy I has an expense ratio of 1.73%, which is 16% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. AlphaCentric Symmetry Strategy I has a portfolio turnover rate of 574%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 289% for the Multistrategy category.
Recently, in the month of July 2026, AlphaCentric Symmetry Strategy I returned 4.8%, which earned it a grade of A, as the Multistrategy category had an average return of 0.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
AlphaCentric Symmetry Strategy I has a trailing yield of 0.00%, which is below the 2.97% category average. The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
AlphaCentric Symmetry Strategy I Grades
Year to date, the fund has returned 11.3%, 6.0 percentage points better than the category, which translates into a grade of A. The fund has returned 24.0% over the past year (grade of A), 9.6% over the past three years (grade of A) and 7.6% per year over the past five years (grade of A).
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SYMIX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| SYMIX Return (NAV) | 4.8% | 0.7% | 24.0% | 9.6% | 7.6% | na |
| SYMIX Grade | A | F | A | A | A | na |
| +/- Category | 4.0% | -1.1% | 13.2% | 1.8% | 2.3% | na |
| Multistrategy Avg | 0.8% | 1.8% | 10.8% | 7.7% | 5.3% | 3.7% |
| SYMIX Tax Cost Ratio | na | na | 0.0% | 0.3% | 0.9% | na |
SYMIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SYMIX Return (NAV) | 11.3% | 12.4% | 7.6% | 0.9% | 6.1% | 14.1% | -2.6% | na | na | na | na |
| SYMIX Grade | A | B | B | F | A | A | F | na | na | na | na |
| +/- Category | 6.0% | 4.5% | 1.5% | -5.5% | 6.5% | 7.8% | -4.6% | na | na | na | na |
| Multistrategy Avg | 5.3% | 7.8% | 6.1% | 6.4% | -0.4% | 6.2% | 2.0% | 7.0% | -4.9% | 5.0% | 2.0% |
| Risk Measures | |
| Standard Deviation: | 9.8% |
| Total Risk Index: | 0.80 - Average |
| Category Risk Index: | 1.76 - High |
| Category Risk Grade: | F (95% Rank) |
| Beta: | 0.46 |
| R-Squared: | 35% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Value |
| Bond Investment Style: | Medium Quality Limited Sensitivity |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $59 Mil |
| Fund Total Assets: | $ 58 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 574% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 7.0 years | |||
| Average Tenure: 7.0 years | |||
| Managers (Year): Rudderow Timothy (2019), Prior Gerald (2019), Aspell David (2019) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 201 |
| % in Top 10 Holdings: | 46.9% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 13.7% |
Portfolio Allocation |
|
| Domestic Stock: | 39.1% |
| Foreign Stock: | 10.6% |
| Preferred Stock: | 0.8% |
| Domestic Bond: | 8.7% |
| Foreign Bond: | 3.1% |
| Convertible Bond: | 0.8% |
| Other: | 14.7% |
| Cash: | 22.4% |
Purchase Information
| Fund Family: | AlphaCentric Funds |
| Phone Number: | 844-223-8637 |
| Website: | www.AlphaCentricFunds.com. |
| Status: | Open |
| Inception Date: | August 8, 2019 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $2,500 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 1.73% ( Rating : High ) |
| Category Average Expense Ratio (%): | 2.05% |
| Share Class: | AlphaCentric Symmetry Strategy I |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
