CFRCX: Catalyst Floating Rate Income C

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CFRCX Catalyst Floating Rate Income C


Profile

CFRCX - Profile

Vitals

  • YTD Return -5.2%
  • 3 Yr Annualized Return -1.0%
  • 5 Yr Annualized Return -2.2%
  • Net Assets $89.9 M
  • Holdings in Top 10 15.1%

52 WEEK LOW AND HIGH

$9.10
$7.75
$9.65

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.46%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 178.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $2,500

Fund Classification

  • Primary Caregory Uncategorized
  • Fund Type Open End Mutual Fund
  • Investment Style Bank Loan

Distributions

  • YTD Total Return -5.2%
  • 3 Yr Annualized Total Return 0.8%
  • 5 Yr Annualized Total Return 0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.97%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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.


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Categories

Performance

CFRCX - Performance

Return Ranking - Trailing

Period CFRCX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.2% -100.0% 0.0% 8.88%
1 Yr -4.6% -100.0% 0.1% 8.91%
3 Yr -1.0%* -8.4% -0.4% 6.28%
5 Yr -2.2%* -6.1% -0.3% 39.06%
10 Yr N/A* -2.2% 0.2% N/A

* Annualized

Return Ranking - Calendar

Period CFRCX Return Category Return Low Category Return High Rank in Category (%)
2019 4.1% -8.1% 5.7% 4.74%
2018 -3.5% -12.2% 0.1% 9.66%
2017 2.4% -2.7% 2.5% 0.92%
2016 3.6% -0.4% 12.9% 70.59%
2015 -10.3% -12.5% -0.8% 98.41%

Total Return Ranking - Trailing

Period CFRCX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.2% -100.0% 0.0% 8.88%
1 Yr -4.6% -100.0% 0.1% 8.91%
3 Yr 0.8%* -8.4% 1.2% 1.35%
5 Yr 0.7%* -6.1% 1.3% 2.08%
10 Yr N/A* -2.2% 2.1% N/A

* Annualized

Total Return Ranking - Calendar

Period CFRCX Return Category Return Low Category Return High Rank in Category (%)
2019 4.1% -8.1% 5.7% 6.72%
2018 -0.4% -12.2% 2.5% 9.24%
2017 6.1% -2.5% 7.2% 1.38%
2016 8.8% -0.1% 12.9% 4.41%
2015 -6.0% -12.5% 1.6% 71.96%

NAV & Total Return History


Holdings

CFRCX - Holdings

Concentration Analysis

CFRCX Category Low Category High CFRCX % Rank
Net Assets 89.9 M 10.5 M 7.47 B 88.33%
Number of Holdings 174 5 1111 84.67%
Net Assets in Top 10 13.7 M -99.6 M 1.27 B 89.27%
Weighting of Top 10 15.14% 6.6% 95.6% 30.65%

Top 10 Holdings

  1. Invesco Senior Loan ETF 1.89%
  2. Aramark Adj% 12/10/2026 1.72%
  3. Aramark Adj% 12/10/2026 1.72%
  4. Wirb-Copernicus Group Adj% 12/13/2026 1.69%
  5. Wirb-Copernicus Group Adj% 12/13/2026 1.69%
  6. Nexstar Broadcasting Adj% 10/26/2023 1.65%
  7. Nexstar Broadcasting Adj% 10/26/2023 1.65%
  8. Allied Universal Adj% 06/27/2026 1.52%
  9. Allied Universal Adj% 06/27/2026 1.52%
  10. Westjet Airlines Adj% 10/08/2026 1.50%

Asset Allocation

Weighting Return Low Return High CFRCX % Rank
Bonds
97.58% 81.88% 151.17% 20.69%
Cash
2.30% -51.25% 15.44% 74.33%
Stocks
0.12% 0.00% 4.61% 53.64%
Preferred Stocks
0.00% 0.00% 11.31% 73.95%
Other
0.00% -51.57% 8.58% 78.93%
Convertible Bonds
0.00% 0.00% 5.05% 76.63%

Stock Sector Breakdown

Weighting Return Low Return High CFRCX % Rank
Technology
100.00% 0.00% 100.00% 3.96%
Utilities
0.00% 0.00% 86.59% 75.74%
Real Estate
0.00% 0.00% 46.96% 72.28%
Industrials
0.00% 0.00% 42.01% 78.71%
Healthcare
0.00% 0.00% 100.00% 74.75%
Financial Services
0.00% 0.00% 100.00% 73.76%
Energy
0.00% 0.00% 100.00% 91.58%
Communication Services
0.00% 0.00% 100.00% 89.11%
Consumer Defense
0.00% 0.00% 1.74% 72.77%
Consumer Cyclical
0.00% 0.00% 100.00% 85.64%
Basic Materials
0.00% 0.00% 100.00% 74.26%

Stock Geographic Breakdown

Weighting Return Low Return High CFRCX % Rank
US
0.12% 0.00% 3.76% 52.11%
Non US
0.00% 0.00% 0.85% 75.48%

Bond Sector Breakdown

Weighting Return Low Return High CFRCX % Rank
Corporate
82.55% 0.00% 99.87% 90.04%
Cash & Equivalents
15.22% 0.00% 69.22% 4.60%
Securitized
2.22% 0.00% 99.61% 23.37%
Derivative
0.00% 0.00% 21.73% 73.95%
Municipal
0.00% 0.00% 99.98% 72.41%
Government
0.00% 0.00% 94.61% 72.41%

Bond Geographic Breakdown

Weighting Return Low Return High CFRCX % Rank
US
76.01% 42.97% 139.57% 48.66%
Non US
21.57% 0.00% 105.43% 38.31%

Expenses

CFRCX - Expenses

Operational Fees

CFRCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.46% 0.01% 27.10% 7.31%
Management Fee 1.00% 0.00% 1.00% 98.46%
12b-1 Fee 1.00% 0.00% 1.00% 88.89%
Administrative Fee N/A 0.03% 0.40% 67.14%

Sales Fees

CFRCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.75% 5.00% N/A
Deferred Load N/A 1.00% 5.00% 60.00%

Trading Fees

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

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 Return Low Category Return High Rank in Category (%)
Turnover 178.00% 5.00% 209.00% 98.47%

Distributions

CFRCX - Distributions

Dividend Yield Analysis

CFRCX Category Low Category High CFRCX % Rank
Dividend Yield 0.00% 0.00% 4.03% 79.23%

Dividend Distribution Analysis

CFRCX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

CFRCX Category Low Category High CFRCX % Rank
Net Income Ratio 3.97% 1.49% 10.03% 86.92%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

CFRCX - Fund Manager Analysis

Managers

Stan Sokolowski


Start Date

Tenure

Tenure Rank

Aug 01, 2018

1.75

1.8%

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 Category High Category Average Category Mode
0.08 16.44 5.27 2.59