IOXAX: Catalyst/Stone Beach Income Opp A

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IOXAX Catalyst/Stone Beach Income Opp A


Profile

IOXAX - Profile

Vitals

  • YTD Return 1.9%
  • 3 Yr Annualized Return 0.1%
  • 5 Yr Annualized Return -1.0%
  • Net Assets $29.3 M
  • Holdings in Top 10 35.4%

52 WEEK LOW AND HIGH

$9.62
$9.43
$10.01

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.60%

SALES FEES

  • Front Load 4.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 242.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Nontraditional Bond

Distributions

  • YTD Total Return 1.9%
  • 3 Yr Annualized Total Return 2.2%
  • 5 Yr Annualized Total Return 1.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.07%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Catalyst/Stone Beach Income Opportunity Fund
  • Fund Family Name
    Catalyst Mutual Funds
  • Inception Date
    Nov 20, 2014
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Edward Smith

Fund Description

The fund seeks to deliver monthly dividend income derived from its investments in mortgage-backed securities ("MBS"), including U.S. agency and non-agency residential MBS, commercial mortgage-backed securities ("CMBS"), asset-backed securities (“ABS”), and real estate investment trusts ("REITs"). U.S. agency MBS in which the fund may invest include pass through and structured securities, such as fixed, floating and inverse floating rate collateralized mortgage obligations ("CMOs") as well as interest- only and principal only MBS.


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Categories

Performance

IOXAX - Performance

Return Ranking - Trailing

Period IOXAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.9% -22.9% 10.9% 9.94%
1 Yr 1.8% -23.4% 9.7% 15.08%
3 Yr 0.1%* -12.8% 4.8% 13.48%
5 Yr -1.0%* -6.7% 3.1% 49.78%
10 Yr N/A* -4.4% 2.4% N/A

* Annualized

Return Ranking - Calendar

Period IOXAX Return Category Return Low Category Return High Rank in Category (%)
2019 0.3% -7.4% 12.4% 74.27%
2018 -2.4% -9.5% 3.1% 18.48%
2017 -0.6% -12.3% 9.4% 86.10%
2016 -0.4% -2.8% 10.7% 85.48%
2015 -3.8% -11.1% 4.8% 50.48%

Total Return Ranking - Trailing

Period IOXAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.9% -22.9% 10.9% 9.94%
1 Yr 1.8% -23.4% 9.7% 15.08%
3 Yr 2.2%* -9.7% 4.5% 6.74%
5 Yr 1.6%* -4.6% 5.3% 24.00%
10 Yr N/A* -4.4% 4.7% N/A

* Annualized

Total Return Ranking - Calendar

Period IOXAX Return Category Return Low Category Return High Rank in Category (%)
2019 1.2% -7.0% 12.6% 70.03%
2018 2.0% -9.2% 8.0% 4.35%
2017 2.4% -3.1% 15.2% 50.97%
2016 2.4% -2.8% 17.7% 62.66%
2015 -0.3% -10.1% 5.4% 23.56%

NAV & Total Return History


Holdings

IOXAX - Holdings

Concentration Analysis

IOXAX Category Low Category High IOXAX % Rank
Net Assets 29.3 M 10.3 K 31.4 B 88.92%
Number of Holdings 84 1 4656 75.08%
Net Assets in Top 10 8.46 M -3.21 B 7.79 B 66.15%
Weighting of Top 10 35.38% 5.4% 866.9% 56.25%

Top 10 Holdings

  1. Federal Home Loan Mortgage Corporation 8.5% 6.29%
  2. Federal Home Loan Mortgage Corporation 4% 5.90%
  3. Federal National Mortgage Association 9.21% 4.82%
  4. Federal National Mortgage Association 4% 3.14%
  5. Federal Home Loan Mortgage Corporation 8.58% 2.92%
  6. FHLMC Pc Prepay Prm 30 3% 2.64%
  7. FHLMC Pc Prepay Prm 30 3.5% 2.63%
  8. Federal Home Loan Mortgage Corporation 4.5% 2.41%
  9. Federal Home Loan Mortgage Corporation 4.5% 2.32%
  10. Federal National Mortgage Association 0% 2.30%

Asset Allocation

Weighting Return Low Return High IOXAX % Rank
Bonds
79.97% -2367.93% 206.87% 50.77%
Cash
19.60% -417.73% 2217.71% 39.38%
Preferred Stocks
0.43% 0.00% 21.63% 15.69%
Stocks
0.00% -35.76% 392.18% 83.08%
Other
0.00% -14.56% 100.00% 82.77%
Convertible Bonds
0.00% -1.28% 136.57% 92.31%

Bond Sector Breakdown

Weighting Return Low Return High IOXAX % Rank
Securitized
77.65% 0.00% 98.57% 4.62%
Cash & Equivalents
21.93% -103.66% 100.00% 35.08%
Corporate
0.42% 0.00% 100.00% 86.46%
Derivative
0.00% -238.73% 73.72% 89.54%
Municipal
0.00% 0.00% 80.02% 87.38%
Government
0.00% -7.42% 398.07% 96.92%

Bond Geographic Breakdown

Weighting Return Low Return High IOXAX % Rank
US
79.97% -136.19% 252.28% 26.46%
Non US
0.00% -2231.74% 183.34% 92.31%

Expenses

IOXAX - Expenses

Operational Fees

IOXAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.60% 0.31% 14.11% 9.46%
Management Fee 1.25% 0.00% 2.15% 92.58%
12b-1 Fee 0.25% 0.00% 1.00% 49.75%
Administrative Fee N/A 0.03% 0.45% 62.59%

Sales Fees

IOXAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.75% 0.00% 6.50% 29.73%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

IOXAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 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.

IOXAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 242.00% 2.00% 532.00% 86.32%

Distributions

IOXAX - Distributions

Dividend Yield Analysis

IOXAX Category Low Category High IOXAX % Rank
Dividend Yield 0.00% 0.00% 4.68% 83.09%

Dividend Distribution Analysis

IOXAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

IOXAX Category Low Category High IOXAX % Rank
Net Income Ratio 4.07% -0.23% 6.94% 26.56%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

IOXAX - Fund Manager Analysis

Managers

Edward Smith


Start Date

Tenure

Tenure Rank

Nov 20, 2014

5.61

5.6%

Mr. Smith has been a Principal and Portfolio Manager of Stone Beach since 2011. From 2009 to 2010, Mr. Smith served as an independent Management Consultant. From 2005 to 2009, Mr. Smith was a Portfolio Manager of Providence Investment Management LLC, a MBS hedge fund manager, and, during his tenure with Providence, he served as Portfolio Manager and Head of Liability Management of American Capital Agency Corp., a publicly traded mortgage REIT. Between 2000 and 2005, Mr. Smith was a Portfolio Manager for Watch Hill Investment Partners, a MBS hedge fund manager. From 1995 to 1999, Mr. Smith was a Managing Director in MBS Sales at Merit Capital. Prior to that, from 1993 to 1994, he was a Vice President of MBS Sales at Nikko Securities. Mr. Smith began his career in the MBS markets working as a derivative trader at Prudential Securities between 1990 and 1993.

David Lysenko


Start Date

Tenure

Tenure Rank

Nov 20, 2014

5.61

5.6%

Mr. Lysenko is a Managing Principal, Chief Compliance Officer and Portfolio Manager and has served in these roles since founding the firm in 2007. From 1998 to 2007, Mr. Lysenko was a Principal at Renaissance Technologies LLC (formerly Renaissance Technologies Corp.). From April 1993 to October 1998, Mr. Lysenko was a Managing Director in the Financial Analytics and Structured Transactions Group (F.A.S.T.) at Bear Stearns and Co. Inc., where he managed the mortgage tax and client mortgage portfolio accounting businesses. Before joining Bear Stearns, Mr. Lysenko was a Portfolio Manager of a residential MBS/fixed income portfolio for Ocwen Financial in West Palm Beach, Florida. Mr. Lysenko began his career in 1989 in the CMO group of Deloitte and Touche, where he was responsible for auditing prospectus supplements and advising on RMBS tax structures and RMBS tax reporting. Mr. Lysenko holds a Bachelor of Science degree in Accounting from Brigham Young University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 25.52 5.7 1.93