Innovator Matrix Income® Fund Class A Shares (IMIFX)

Net Asset Value
1 Day
Overall Morningstar Rating
Moderate allocation
Style or Category
Sales Expenses
Expense Ratio
Morningstar Risk Rating™
Investment Objective The investment seeks current income and, as a secondary objective, long-term capital appreciation. The fund normally invests in a portfolio of U.S.-listed, exchange-traded stocks and bonds, as well as other mutual funds and business development companies ("BDCs"), that the portfolio manager believes offers high current income. It invests primarily in U.S. equity securities but may, to a lesser extent, invest in equity securities of foreign entities. The fund may invest in entities of any size. To the extent that the fund invests in bonds it may invest in bonds of any maturity or credit quality.


1 month+3.72% 3 years--
3 months-4.11% 5 years--
1 year-0.47% Since inception+2.27%
Data through --

Peer Comparisonvs. Moderate allocation

Performance 5-yr return--+9.43%
Expense ratio3.00%1.29%
Risk 5 year sharpe ratio--1.04
Net assets$88.3M$2.9B
Average market cap$3.9B$47.8B
Average P/E12.717.8
Portfolio turnover91%91%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyInnovator Funds
Fund manager & tenureSteven Carhart / 2 Years
Minimal initial investment$2,000.00
Minimum IRA investment$0.00


U.S. stock70.76%
Fixed income13.58%
International stock11.86%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
FTR Frontier Communications Corp Class B5.58%
EPR EPR Properties4.34%
KKR KKR & Co LP4.24%
BPT BP Prudhoe Bay Royalty Trust4.13%
ARCP American Realty Capital Properties Inc Class A4.05%
ARCC Ares Capital Corporation3.93%
SAN Banco Santander SA ADR3.93%
HPT Hospitality Properties Trust3.81%
PSEC Prospect Capital Corporation3.77%
-- Seadrill Ltd3.75%

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2015 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2015. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2015 and/or its affiliates.