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CFRCX Catalyst Floating Rate Income C

  • Fund
  • CFRCX
  • Price as of: Apr 22, 2019
  • $9.60
  • - $0.00
  • - 0.00%
  • Category
  • Bank Loan

CFRCX - Profile

Vitals

  • YTD Return 4.1%
  • 3 Yr Annualized Return 6.9%
  • 5 Yr Annualized Return 2.0%
  • Net Assets $62.7 M
  • Holdings in Top 10 15.6%

52 WEEK LOW AND HIGH

$9.60
$9.21
$9.65

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.59%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 163.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

Bank Loan
  • Fund Type Open End Mutual Fund
  • Investment Style Bank Loan

Distributions

  • YTD Total Return 4.1%
  • 3 Yr Annualized Total Return 6.9%
  • 5 Yr Annualized Total Return 2.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.59%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Catalyst Floating Rate Income Fund
  • Fund Family Name Catalyst Mutual Funds
  • Inception Date Dec 31, 2012
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager Stan Sokolowski

Fund Description

Under normal market conditions, the fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in U.S. dollar denominated floating rate secured loans and other floating rate debt instruments, including: floating rate bonds; floating rate notes; floating rate debentures; and tranches of floating rate asset-backed securities, including structured notes, made to, or issued by, U.S. and non-U.S. corporations or other business entities; and other investment companies (including exchange traded funds) that invest primarily in floating rate assets.

CFRCX - Performance

Return Ranking - Trailing

Period CFRCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.1% -2.5% 4.7% 8.53% 1
1 Yr 2.0% -1.0% 12.4% 61.79% 4
3 Yr 6.9% * 0.2% 8.0% 3.85% 1
5 Yr 2.0% * 0.2% 5.8% 90.29% 5
10 Yr N/A * 0.3% 9.5% N/A N/A

* Annualized


Return Ranking - Calendar

Period CFRCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -3.5% -6.4% 6.5% 10.95% 1
2017 2.4% -12.2% 7.2% 4.33% 1
2016 3.6% -6.5% 7.9% 46.86% 4
2015 -10.3% -10.4% 12.5% 71.84% 5
2014 -4.0% -6.9% 11.2% 55.88% 4

Total Return Ranking - Trailing

Period CFRCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.1% -100.0% 4.7% 8.53% 1
1 Yr 2.0% -3.4% 12.4% 42.45% 3
3 Yr 6.9% * 0.3% 8.0% 2.88% 1
5 Yr 2.0% * 0.2% 5.8% 85.44% 5
10 Yr N/A * 0.3% 9.5% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period CFRCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -3.5% -6.4% 6.5% 10.95% 1
2017 2.4% -12.2% 7.2% 4.81% 1
2016 8.4% -6.4% 10.8% 2.90% 1
2015 -6.3% -8.8% 12.5% 59.71% 4
2014 -0.3% -6.9% 11.2% 18.14% 1

NAV & Total Return History

CFRCX - Holdings

Filings data as of: Dec 31, 2018

Concentration Analysis

CFRCX Category Low Category High CFRCX % Rank Quintile
Net Assets 62.7 M 62.7 M 14.8 B 33.02% 5
Number of Holdings 134 95 1856 28.77% 5
Net Assets in Top 10 10.3 M -331 M 1.94 B 32.08% 5
Weighting of Top 10 15.6% 5.3% 224.2% 6.60% 1

Top 10 Holdings

  1. Standardaero Adj% 07/07/2022 1.50%
  2. Edgewater Generation Adj% 11/16/2025 1.49%
  3. Bjs Wholesale Club Inc Adj% 01/27/2024 1.48%
  4. Bmc Adj% 06/28/2025 1.47%
  5. Cushman & Wakefield Adj% 08/16/2025 1.45%
  6. Refinitiv Adj% 10/01/2025 1.45%
  7. Arby's Adj% 01/19/2025 1.45%
  8. Allied Universal Adj% 07/28/2022 1.44%
  9. Clubcorp Adj% 09/18/2024 1.43%
  10. Invesco Senior Loan ETF 2.47%

Asset Allocation

Weighting Category Low Category High CFRCX % Rank Quintile
Bonds
94.61% 5.65% 103.01% 13.68% 3
Cash
5.17% -5.97% 87.26% 13.68% 2
Stocks
0.17% 0.00% 8.49% 15.09% 3
Convertible Bonds
0.05% 0.00% 4.55% 6.13% 2
Preferred Stocks
0.00% 0.00% 0.57% 7.08% 5
Other
0.00% -1.82% 10.05% 20.75% 5

Stock Sector Breakdown

Weighting Category Low Category High CFRCX % Rank Quintile
Industrials
0.17% 0.00% 0.65% 4.86% 1
Utilities
0.00% 0.00% 0.44% 6.49% 5
Technology
0.00% 0.00% 0.06% 1.08% 5
Real Estate
0.00% 0.00% 0.61% 3.24% 5
Healthcare
0.00% 0.00% 0.09% 1.62% 5
Financial Services
0.00% 0.00% 0.33% 3.78% 5
Energy
0.00% 0.00% 1.33% 8.11% 5
Communication Services
0.00% 0.00% 0.13% 3.24% 5
Consumer Defense
0.00% 0.00% 0.13% 3.24% 5
Consumer Cyclical
0.00% 0.00% 0.85% 13.51% 5
Basic Materials
0.00% 0.00% 2.43% 10.27% 5

Stock Geographic Breakdown

Weighting Category Low Category High CFRCX % Rank Quintile
US
0.17% 0.00% 8.49% 14.15% 3
Non US
0.00% 0.00% 0.53% 6.13% 5

Bond Sector Breakdown

Weighting Category Low Category High CFRCX % Rank Quintile
Corporate
91.86% 22.75% 99.51% 17.45% 4
Cash & Equivalents
5.17% -4.79% 164.55% 12.74% 2
Securitized
2.78% 0.00% 44.35% 6.60% 1
Derivative
0.00% -33.31% 17.86% 5.19% 5
Municipal
0.00% 0.00% 1.96% 2.36% 5
Government
0.00% -115.02% 19.70% 6.13% 5

Bond Geographic Breakdown

Weighting Category Low Category High CFRCX % Rank Quintile
US
48.16% -54.19% 97.95% 28.77% 5
Non US
46.45% 0.00% 78.18% 3.77% 1

CFRCX - Expenses

Operational Fees

CFRCX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 2.59% 0.01% 2.99% 1.42% 5
Management Fee 1.00% 0.00% 1.00% 0.47% 5
12b-1 Fee 1.00% 0.00% 1.00% 0.66% 5
Administrative Fee 0.13% 0.03% 0.40% 6.78% 3

Sales Fees

CFRCX Fees (% of AUM) Category Low Category High CFRCX Rank Quintile
Front Load N/A 0.75% 4.75% N/A N/A
Deferred Load 1.00% 1.00% 5.00% 9.09% 4

Trading Fees

CFRCX Fees (% of AUM) Category Low Category High CFRCX Rank Quintile
Max Redemption Fee N/A 1.00% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CFRCX Fees (% of AUM) Category Low Category High CFRCX Rank Quintile
Turnover 163.00% 12.00% 243.00% 0.94% 5

CFRCX - Distributions

Dividend Yield Analysis

CFRCX Category Low Category High CFRCX % Rank Quintile
Dividend Yield 0.3% 0.23% 1.47% 64.93% 5

Dividend Distribution Analysis

CFRCX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

CFRCX Category Low Category High CFRCX % Rank Quintile
Net Income Ratio 3.59% 2.34% 5.70% 45.75% 4

Capital Gain Distribution Analysis

CFRCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

CFRCX - Managers

Stan Sokolowski

Manager

Start Date

Aug 01, 2018

Tenure

0.66

Tenure Rank

17.9%

Mr. Sokolowski joined CIFC in 2012. Prior to joining CIFC, Mr. Sokolowski was a credit portfolio manager and trader with Lucidus Capital Partners, a credit trading firm that was spun out of Caxton Associates in 2011. Preceding Lucidus, Mr. Sokolowski was a portfolio manager at Caxton. Before joining Caxton in 2006, Mr. Sokolowski was a Managing Director with JPMorgan (“JPM”) where he founded and managed the European par and distressed loan trading business in London. Mr. Sokolowski joined Manufacturers Hanover in 1991 and completed Chemical Bank’s MBA Capital Markets and Credit Training Program in 1994. He held various positions in New York and London throughout the Capital Markets, Sales and Trading, Investment Banking and Emerging Markets businesses of JPM’s predecessor organizations. Mr. Sokolowski has invested across the spectrum of credit including high yield to investment grade as well as distressed / stressed credit, fixed / floating rate instruments, bonds & loans and CDS / index products. Mr. Sokolowski holds a B.A. in Finance from Michigan State University.


Tenure Analysis

Category Low

0.0

Category High

22.6

Category Average

5.8

Category Mode

4.3