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HFXAX Catalyst Hedged Futures Strategy A

  • Fund
  • HFXAX
  • Price as of: Oct 16, 2018
  • $7.99
  • + $0.01
  • + 0.13%
  • Category
  • Managed Futures

HFXAX - Profile

Vitals

  • YTD Return -0.4%
  • 3 Yr Annualized Return -7.1%
  • 5 Yr Annualized Return -1.6%
  • Net Assets $717 M
  • Holdings in Top 10 57.9%

52 WEEK LOW AND HIGH

$7.99
$7.66
$8.33

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.20%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 54.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

Managed Futures
  • Fund Type Open End Mutual Fund
  • Investment Style Options-based

Distributions

  • YTD Total Return -0.4%
  • 3 Yr Annualized Total Return -8.9%
  • 5 Yr Annualized Total Return -2.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.51%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Catalyst Hedged Futures Strategy Fund
  • Fund Family Name Catalyst Mutual Funds
  • Inception Date Aug 30, 2013
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Edward S. Walczak

Fund Description

The fund invests, directly or indirectly through affiliated and unaffiliated funds, primarily in (i) long and short call and put options on Standard & Poor's 500 Index futures contracts and (ii) in cash, cash equivalents (including affiliated and unaffiliated money market funds), and other liquid investments. It seeks to achieve its investment objective by buying and selling options and option spreads on stock index futures.

HFXAX - Performance

Return Ranking - Trailing

Period HFXAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -0.4% -29.7% 2.8% 10.53% 1
1 Yr -6.5% -19.8% 21.4% 81.20% 5
3 Yr -7.1% * -10.1% 6.1% 90.74% 5
5 Yr -1.6% * -9.1% 7.8% 71.62% 4
10 Yr 11.7% * -2.4% 11.8% 28.57% 1

* Annualized


Return Ranking - Calendar

Period HFXAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 -22.7% -23.4% 16.7% 94.50% 5
2016 -4.5% -27.1% 8.1% 50.93% 3
2015 6.5% -17.7% 14.5% 6.86% 1
2014 6.7% -25.2% 13.2% 29.07% 2
2013 N/A -12.2% 12.7% N/A N/A

Total Return Ranking - Trailing

Period HFXAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -0.4% -29.7% 1.8% 9.65% 1
1 Yr -11.9% -23.7% 21.4% 90.60% 5
3 Yr -8.9% * -10.8% 6.1% 95.37% 5
5 Yr -2.7% * -9.1% 7.8% 78.38% 4
10 Yr 11.0% * -2.4% 11.8% 28.57% 1

* Annualized


Total Return Ranking - Calendar

Period HFXAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 -22.7% -23.4% 16.7% 94.55% 5
2016 -4.5% -27.1% 8.1% 54.63% 3
2015 7.9% -10.9% 16.2% 16.67% 1
2014 7.9% -26.1% 33.9% 39.53% 3
2013 N/A -12.4% 16.4% N/A N/A

NAV & Total Return History

HFXAX - Holdings

Filings data as of: Jun 30, 2018

Concentration Analysis

HFXAX Category Low Category High HFXAX % Rank Quintile
Net Assets 717 M 17.2 K 8.73 B 3.42% 1
Number of Holdings 71 2 871 20.51% 3
Net Assets in Top 10 461 M -19 B 2.52 B 5.13% 1
Weighting of Top 10 57.9% 0.0% 2212.2% 21.37% 3

Top 10 Holdings

  1. United States Treasury Notes 1.38% 12.15%
  2. United States Treasury Notes 1.38% 12.13%
  3. United States Treasury Notes 1.25% 12.13%
  4. Prime Meridian Income Fund 9.62%
  5. United States Treasury Notes 0.75% 6.06%
  6. United States Treasury Notes 0.88% 3.03%
  7. S&P 500 Futr Optn Sep18p Spu8p 2400 Index 0.92%
  8. S&P 500 Futr Optn Sep18p Spu8p 2100 Index 0.69%
  9. S&P 500 Eom Opt Oct18p Evv8p 2100 Index 0.62%
  10. S&P 3rd Week Optn Aug18p 3dq8p 2200 Index 0.58%

Asset Allocation

Weighting Category Low Category High HFXAX % Rank Quintile
Bonds
45.50% -594.44% 123.80% 17.95% 3
Cash
45.48% -89.20% 640.63% 19.66% 3
Other
9.62% -48.23% 99.47% 23.08% 3
Preferred Stocks
0.00% 0.00% 1.31% 5.13% 4
Convertible Bonds
0.00% 0.00% 5.37% 6.84% 4
Stocks
-0.59% -235.32% 70.53% 23.08% 5

Bond Sector Breakdown

Weighting Category Low Category High HFXAX % Rank Quintile
Government
45.50% -594.44% 123.80% 6.84% 1
Cash & Equivalents
45.48% -88.43% 635.71% 17.95% 3
Derivative
0.00% -81.94% 26.40% 9.40% 3
Securitized
0.00% 0.00% 116.56% 19.66% 4
Corporate
0.00% 0.00% 51.02% 21.37% 4
Municipal
0.00% 0.00% 1.45% 7.69% 4

Bond Geographic Breakdown

Weighting Category Low Category High HFXAX % Rank Quintile
US
45.50% -594.44% 123.80% 15.38% 2
Non US
0.00% 0.00% 86.82% 23.08% 4

HFXAX - Expenses

Operational Fees

HFXAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 2.20% 0.82% 274.22% 39.32% 3
Management Fee 1.75% 0.00% 2.99% 4.27% 5
12b-1 Fee 0.25% 0.00% 1.00% 4.40% 3
Administrative Fee 0.13% 0.02% 0.40% 5.95% 5

Sales Fees

HFXAX Fees (% of AUM) Category Low Category High HFXAX Rank Quintile
Front Load 5.75% 4.50% 5.75% 3.03% 4
Deferred Load N/A 1.00% 2.00% N/A N/A

Trading Fees

HFXAX Fees (% of AUM) Category Low Category High HFXAX 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.

HFXAX Fees (% of AUM) Category Low Category High HFXAX Rank Quintile
Turnover 54.00% 0.00% 4847.00% 16.22% 3

HFXAX - Distributions

Dividend Yield Analysis

HFXAX Category Low Category High HFXAX % Rank Quintile
Dividend Yield N/A 0.00% 0.90% N/A N/A

Dividend Distribution Analysis

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

Net Income Ratio Analysis

HFXAX Category Low Category High HFXAX % Rank Quintile
Net Income Ratio -1.51% -4.57% 5.34% 62.39% 4

Capital Gain Distribution Analysis

HFXAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

HFXAX - Managers

Edward S. Walczak

Manager

Start Date

Aug 30, 2013

Tenure

5.09

Tenure Rank

5.9%

Edward S. Walczak is a Portfolio Manager of the Catalyst Capital Advisors LLC and has been responsible for the day-to-day management of the Fund’s portfolio and its predecessor fund since its inception in 2005. From 2005 until joining the Advisor in August, 2013, Mr. Walczak was the Managing Member and portfolio manager of Harbor Financial, LLC, a registered Commodity Trading Advisor and Commodity Pool Operator. His previous professional experience also includes serving as the Vice President for Operations of Acuity Specialty Products; Vice President of Supply Chain, Vice President of Purchasing and Vice President of Engineering of Brach and Brock Confections; and Captain of the U.S. Army Corps. Mr. Walczak has a Bachelor of Arts degree in Physics and Economics from Middlebury College and a Master of Business Administration from Harvard University’s Graduate School of Business.


Tenure Analysis

Category Low

0.2

Category High

11.6

Category Average

3.89

Category Mode

3.8