Just another way of saying that it was goosing returns by investing too much ("many of the securities the Fund holds") in high risk sectors of the market that no one would want when the market turned south.
Barron's, March 23:

The $2.3 billion mortgage-focused AlphaCentric Income Opportunities Fund (IOFIX) lost 31% last week alone, and reportedly put $1 billion of securities up for sale on Sunday.
The fund focused on lower-rated tranches of residential mortgage-backed securities, with about 60% of its holdings rated BBB or lower, according to Morningstar, which had a five-star rating on the fund.
It was also said to have relatively high exposure to “credit risk transfer securities,” or CRTs, a type of mortgage-backed security introduced after the financial crisis. Those CRTs face especially high risk for losses tied to loan modifications. For example, if a distressed borrower negotiates a lower interest rate with an agency, that interest reduction would be passed along to the CRT holder at a loss, according to Goldman Sachs.
AlphaCentric said in a statement that “like many other funds, [the income opportunities fund] is moving expeditiously to address the unprecedented market conditions. With the lack of liquidity in the marketplace, the most effective way to obtain favorable prices is to offer a wider range of securities for bid instead of a smaller number of specific securities. This broadens the potential universe of buyers to try and obtain the most favorable prices.”

https://www.barrons.com/articles/mortgage-backed-securities-get-hammered-feds-move-may-not-be-enough-51584980932
(I was able to read w/o subscription)

I've been waiting to but this fund for YEARS. I need a 50-60% correction and I'll go "all in"

+1 @Zolta. The link that JohnN provided is to an interview with a top doctor at the U Pitt Hospital system, so one shouldn't dismiss his 0.25% fatality rate out of hand.
That 0.25% rate does however assume that everyone who needs an ICU bed gets one, which has been the case in the US so far, unlike, say, Northern Italy last month or Brazil or Russia right now. We could be heading there too IMHO if we open up too fast.
Anyway, 0.25% times US population (331 millions) gives you over 800,000 deaths.

@Old_Skeet- Would appreciate your judgement on ABNDX vs MIAQX when you've gathered enough info to evaluate. We've owned ABNDX on-and-off over the years for balance, and I have to say that I was never overly impressed with American's bond performance vs their equity performance, which I thought was generally quite good.
There's a bit of info over in the "Capital Group Launches Multi-Sector Income Fund" thread, in case you hadn't been following that. MSF, as usual, has been keeping up his good work.

JohnN and Mark, the numbers you quote are using different denominators. The 5.8% number is deaths divided by the number of patients testing positive for the Covid-19 virus. The number 0.45-0.9 is the universe of potentially positive patients if they were tested. Several studies show that number may be 10 or more times higher than the denominators currently being used. The actual mortality rate won't be known until most of the United States population are tested tor both the virus and for antibodies to the virus. Actually, we may never know because the data is suspect of being manipulated or suppressed for political reasons.
The following link provides a good statistical overview.
https://nucleuswealth.com/articles/updated-coronavirus-statistics-cases-deaths-mortality-rate/
Zolta

So, from the CDC - approximately 1,150,00 cases, 66,746 deaths. 5.8% death rate. So far.
6.3% in MN to date. (6228 cases, 395 deaths)

I've never heard of it, but a strange name (Global Allocation) for a fund that has < 5% equity outside the US. M* categorizes it as a moderate US allocation fund, 50-70% equity. If you bought it thinking it was global it seems to have changed mandates.

Speaking of the young getting hit by this...
A Young Doctor, Fighting for His Life
https://www.nytimes.com/2020/05/02/opinion/sunday/young-doctor-coronavirus.html?smid=tw-share

If Buffet was buying, he would be ignoring the indicator he has said is his favorite. So you have to ask what does he see that makes him thing the market isn't over valued?
The way people are buying, I suspect he sees rather more greed than fear in the market.
https://markets.businessinsider.com/news/stocks/buffett-indicator-surges-record-high-signaling-potential-crash-2020-4-1029149296

Hi sir catch22
UPMC doctor argues COVID-19 not as deadly as feared, says its hospitals will shift back to normal
https://www.pennlive.com/news/2020/04/umpc-argues-covid-19-not-as-deadly-as-feared-says-its-hospitals-will-shift-back-to-normal.html
0.25%
Misread from 0.45%...
Could also be relate to geographic areas also
I think I read somewhere early march death rate maybe up to 9%...
'From one donald to another donald'
Pls stay safe regardless

johnN
You placed the below information at Old_Skeets barometer thread, but I'm not going to clutter his thread with my request.

virus data may not be that deadly after all the precautions measures implemented. Some predict maybe 0.45-0.9% death rate now instead of 4-10% initially,

As COVID will continue to alter the investing markets going forward..........
PLEASE provide your source for the following:
Some predict maybe 0.45-0.9% death rate
Thank you,
Catch

https://www.google.com/amp/s/www.fool.com/amp/investing/2020/05/02/did-warren-buffett-buy-stocks-in-the-coronavirus-c.aspx
Did Warren Buffett Buy Stocks in the Coronavirus Crash? The Answer Might Surprise You
/Here's what we just learned about Berkshire Hathaway's cash hoard and its business performance/
Perhaps being idle /doing very little maybe best one ever do during crash...just sit and wait approaches

virus data may not be that deadly after all the precautions measures implemented. Some predict maybe 0.45-0.9% death rate now instead of 4-10% initially, (1-3 millions death feb20 if antibodies tests statistics are somewhat predictative). Hopefully the 2nd rebounds are limited, many studies may found new virus cure/drugs/protocols to limitloss of valuable lives, and may allow surging V shape recovery.
I have been more optimistic and have been buying [especially weigh more toward enery oil.] May take least one two months/quarters for oil to stabilize and hopefully recover once more states/cities/counties countries open up more
But you never know, may pundits predicting may take anther 20_40%loss these coming months/quater and maybe massive depressions..

Hi guys, For those that hold American Funds ABNDX (Bond Fund of America) is listed at MFO as a core bond fund. It has a MFO Risk Rating of 1 (Very Conserative) and a MFO Rating of 4 (Above Average). I don't currently own this fund; but, I just might in the nearterm as I expand my fixed income sleeve from nine to twelve funds. In addition, I need to learn more about their new fund MIAQX. I'll be calling my advisor next week to see if I can not get more information on this new offering. Generally, they do a lucheon sponsored by American Funds to present their new offerings. The last new offering that I bought was New World and that was a good number of years ago. With this, they might have marked me off their ... free ... lunch list. In addition, JHNBX, NEFRX, PINCX are three other fixed income funds that I'am looking at as well. JHNBX has a MFO Risk Rating of 2 (conserative) and a MFO Rating of 3 (Average) ... NEFRX has a MFO Risk Rating of 2 (Conserative) and a MFO Rating of 5 (Best) ... and, PINCX has a MFO Risk Rating of 2 (Conserative) and a MFO Rating of 5 (Best).

Hi guys. With Friday's stock market decline the S&P 500 pullbacked 81 points, from 2912 to 2831, resulting in a 2.8% loss. With this, there was a numerical reading change, in the barometer's metrics, from 136 to 138. However, this still leaves the Index overbought on the barometer's scale. When the barometer moves off of ... Overbought ... I'll make another post.
A review: There are three main data feeds used in the barometer. They are an earnings feed, a breadth feed and a technical score feed. In addition, there are a few other data influnces that are often times used as well to produce (or confirm) a reading.

It's got at least 21 different tickers (share classes). Class F-1 is MIAWX. ER is 0.90%
Here's the prospectus with all the tickers.
Haven't looked too closely yet. At least some of the managers are picked from other American Funds, so that may give a sense of how this fund will operate.

We used American Funds for the greater part of our mutual fund investing for some 45 years. We did some maneuvering between a variety of their funds from time to time as seemed indicated by the market circumstances. Our IRAs are with them still, although mostly in MMKT at this point. Slow and steady- certainly not flashy, but pretty dependable over the long haul.
By and large we are quite content with their performance over the years. Old_Skeet has also had some American Funds investments for quite a while, I believe.
When you find the fund symbol, please post it here- thanks.

All my needs are met by the following
1) usually invested at 99+% mostly bond OEFs. In the last 10 years I was only 4-5 weeks at 99+% cash. Another 6-7 weeks at 30-40% cash.
2) Trading riskier assets several times annually for hours to days and back to bond funds
3) Be flexible at all times. That could be any trade, be in cash, whatever I need to meet my goals.
4) Be in only 2-4 funds because it's easy to follow and trade. All my funds must do well at all times otherwise will be replaced.
5) I compare the above to buy and hold of several portfolios and I come ahead.
6) I never believed in income as my first criteria, I always look for risk/reward which is selecting the best performing funds with the best SD, Max Draw, Sortino, Sharpe, more.
7) I never believed in wide diversification. In the last several years I mainly invest in US LC no SC/international...or..I mainly used HY Munis + MBS bonds and so on.
==================
In the last 3 days, the VIX started to go up from around 31 to 37. If it goes over 40 it's a warning sign. Q2 started with -2.6% loss, we will find out soon if the next leg down started. Some of the good news is behind us. Huge fiscal and monetary support. The coronavirus cases are going down. Earnings are not as bad because the first 2 months of Q1 were normal.
But, Q2 started with 30 million unemployed, a bad economy, and bad earnings. How long can the stock market disregard it?

https://www.fedsmith.com/2020/05/01/one-tsp-fund-ahead-about-16-april/
/One tsp fund 16% ahead in April
2020 has not been good to stock market investors so far but there was a big turnaround in stock prices in April. As a result, the overall results for the year are better than they were at this time last month./
Couple of good ones considering looking at
F funds 4.94% 12months
C fund +12 in april

https://www.fa-mag.com/news/capital-group-launches-multi-sector-income-fund-55485.html
/Capital Group Launches Multi-Sector Income Fund
Capital Group, a Los Angeles-based investment management firm overseeing $365 billion in fixed income assets, has rolled out a new fixed income fund, the company announced in a news release/
This is perhaps one unique vehicle that investors maybe looking for