Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
10.0%
1 yr return
25.7%
3 Yr Avg Return
22.8%
5 Yr Avg Return
8.3%
Net Assets
$245 M
Holdings in Top 10
63.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.50%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 32.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$2,500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MLXIX - Profile
Distributions
- YTD Total Return 10.0%
- 3 Yr Annualized Total Return 22.8%
- 5 Yr Annualized Total Return 8.3%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 4.43%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameCatalyst Energy Infrastructure Fund
-
Fund Family NameMutual Fund Series Trust
-
Inception DateDec 22, 2014
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerSimon Lack
Fund Description
The Fund seeks to achieve its investment objective by primarily investing in the publicly-listed equity securities of U.S. and Canadian companies that generate a majority of their cash flow from midstream energy infrastructure activities. The Fund’s strategy aims to achieve current income and capital appreciation over the long-term. The Fund may also invest in the equity securities of master limited partnerships (“MLPs”) engaged in energy related businesses. Most of the entities in which the Fund invests derive a majority of their revenue from energy infrastructure related activities, including treatment, gathering, compression, processing, transportation, transmission, fractionation, storage and terminalling of natural gas, natural gas liquids, crude oil, or refined products. Under normal conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in companies that derive a majority of their revenue from energy infrastructure activities. The Fund may invest in U.S. and foreign issuers of any market capitalization.
The Fund intends to be taxed as a regulated investment company (“RIC”) and comply with all RIC-related restrictions, including limiting its investment in entities taxed as limited partnerships, including MLPs, to 25%.
SL Advisors, LLC, the Fund’s investment sub-advisor (“SL Advisors” or the “Sub-Advisor”), utilizes an investment selection process that includes the analysis of various qualitative and quantitative factors. In evaluating securities for inclusion in the investment portfolio, the Sub-Advisor considers current distribution yield and likely growth prospects of the issuer of the security. Those issuers with a demonstrated history of stable and growing distributions are favored, as are those with well-regarded management teams. Each issuer’s competitive position is also evaluated as is its new projects, its likelihood of successful execution and its impact on future distribution growth. Securities will be sold when other appropriate securities are available with superior return prospects.
The Fund is classified as “non-diversified” for purposes of the Investment Company Act of 1940, as amended (the “1940 Act”), which means that it is not limited by the 1940 Act with regard to the portion of its assets that may be invested in the securities of a single issuer.
Distribution Policy: The Fund’s distribution policy is to make twelve monthly distributions to shareholders. The Fund may, at the discretion of management, target a specific level of monthly distributions (including any return of capital) from time to time. Shareholders receiving periodic payments from the Fund may be under the impression that they are receiving net profits. However, all or a portion of a distribution may consist of a return of capital. Shareholders should not assume that the source of a distribution from the Fund is net profit. For more information about the Fund’s distribution policy, please turn to “Additional Information About the Fund’s Principal Investment Strategies and Related Risks – Principal Investment Strategies – Catalyst Energy Infrastructure Fund Distribution Policy and Goals” section in the Fund’s Prospectus.
MLXIX - Performance
Return Ranking - Trailing
Period | MLXIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 10.0% | 0.9% | 14.7% | 40.95% |
1 Yr | 25.7% | -1.3% | 33.9% | 41.90% |
3 Yr | 22.8%* | 4.5% | 34.4% | 43.56% |
5 Yr | 8.3%* | -8.3% | 33.0% | 55.56% |
10 Yr | N/A* | -6.7% | 10.7% | N/A |
* Annualized
Return Ranking - Calendar
Period | MLXIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.6% | -14.9% | 18.2% | 53.27% |
2022 | 18.3% | -7.0% | 29.9% | 27.88% |
2021 | 30.6% | 4.2% | 55.3% | 43.27% |
2020 | -37.5% | -57.4% | 155.1% | 64.08% |
2019 | -3.1% | -8.9% | 20.8% | 81.52% |
Total Return Ranking - Trailing
Period | MLXIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 10.0% | 0.9% | 14.7% | 40.95% |
1 Yr | 25.7% | -1.3% | 33.9% | 41.90% |
3 Yr | 22.8%* | 4.5% | 34.4% | 43.56% |
5 Yr | 8.3%* | -8.3% | 33.0% | 55.56% |
10 Yr | N/A* | -6.7% | 10.7% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | MLXIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 15.3% | -9.3% | 25.5% | 43.93% |
2022 | 27.0% | -1.2% | 38.8% | 27.88% |
2021 | 41.1% | 11.1% | 56.2% | 26.92% |
2020 | -29.2% | -53.9% | 155.1% | 64.08% |
2019 | 12.0% | -3.4% | 34.1% | 48.91% |
NAV & Total Return History
MLXIX - Holdings
Concentration Analysis
MLXIX | Category Low | Category High | MLXIX % Rank | |
---|---|---|---|---|
Net Assets | 245 M | 22 M | 53.1 B | 64.35% |
Number of Holdings | 23 | 16 | 175 | 76.15% |
Net Assets in Top 10 | 158 M | 19.6 M | 3.1 B | 71.56% |
Weighting of Top 10 | 63.84% | 40.8% | 111.7% | 57.80% |
Top 10 Holdings
- CHENIERE ENERGY 9.92%
- ENERGY TRANSFER 9.45%
- WILLIAMS COS INC 8.67%
- EQUITRANS MIDSTR 7.73%
- NEXTDECADE CORP 5.27%
- ONEOK INC 4.84%
- TARGA RESOURCES 4.80%
- PEMBINA PIPELINE 4.42%
- ENLINK MIDSTREAM 4.40%
- ENTERPRISE PRODU 4.35%
Asset Allocation
Weighting | Return Low | Return High | MLXIX % Rank | |
---|---|---|---|---|
Stocks | 99.83% | 53.33% | 133.88% | 45.87% |
Cash | 0.17% | -58.21% | 13.58% | 78.90% |
Preferred Stocks | 0.00% | 0.00% | 2.34% | 82.57% |
Other | 0.00% | -36.30% | 4.52% | 77.98% |
Convertible Bonds | 0.00% | 0.00% | 5.29% | 81.65% |
Bonds | 0.00% | -0.01% | 44.12% | 78.90% |
Stock Sector Breakdown
Weighting | Return Low | Return High | MLXIX % Rank | |
---|---|---|---|---|
Energy | 100.00% | 53.73% | 100.00% | 7.34% |
Utilities | 0.00% | 0.00% | 41.78% | 95.41% |
Technology | 0.00% | 0.00% | 2.43% | 88.07% |
Real Estate | 0.00% | 0.00% | 3.96% | 81.65% |
Industrials | 0.00% | 0.00% | 4.54% | 88.07% |
Healthcare | 0.00% | 0.00% | 0.00% | 81.65% |
Financial Services | 0.00% | 0.00% | 0.66% | 82.57% |
Communication Services | 0.00% | 0.00% | 0.00% | 81.65% |
Consumer Defense | 0.00% | 0.00% | 0.82% | 81.65% |
Consumer Cyclical | 0.00% | 0.00% | 13.46% | 84.40% |
Basic Materials | 0.00% | 0.00% | 6.40% | 93.58% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MLXIX % Rank | |
---|---|---|---|---|
US | 96.38% | 48.92% | 132.40% | 45.87% |
Non US | 3.46% | 0.00% | 26.09% | 46.79% |
MLXIX - Expenses
Operational Fees
MLXIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.50% | 0.35% | 8.81% | 72.22% |
Management Fee | 1.25% | 0.35% | 1.38% | 91.30% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 13.79% |
Administrative Fee | N/A | 0.04% | 0.15% | 55.00% |
Sales Fees
MLXIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 4.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
MLXIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | 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.
MLXIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 32.00% | 6.00% | 166.00% | 45.63% |
MLXIX - Distributions
Dividend Yield Analysis
MLXIX | Category Low | Category High | MLXIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 17.45% | 86.09% |
Dividend Distribution Analysis
MLXIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annual | Monthly | Annual |
Net Income Ratio Analysis
MLXIX | Category Low | Category High | MLXIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.43% | -6.38% | 9.57% | 4.63% |
Capital Gain Distribution Analysis
MLXIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.117 | OrdinaryDividend |
Feb 29, 2024 | $0.118 | OrdinaryDividend |
Jan 31, 2024 | $0.115 | OrdinaryDividend |
Dec 29, 2023 | $0.117 | OrdinaryDividend |
Dec 30, 2022 | $0.118 | OrdinaryDividend |
Nov 30, 2022 | $0.117 | OrdinaryDividend |
Oct 31, 2022 | $0.115 | OrdinaryDividend |
Sep 30, 2022 | $0.118 | OrdinaryDividend |
Aug 31, 2022 | $0.117 | OrdinaryDividend |
Jul 29, 2022 | $0.114 | OrdinaryDividend |
Jun 30, 2022 | $0.118 | OrdinaryDividend |
May 31, 2022 | $0.116 | OrdinaryDividend |
Apr 29, 2022 | $0.116 | OrdinaryDividend |
Mar 31, 2022 | $0.117 | OrdinaryDividend |
Feb 28, 2022 | $0.114 | OrdinaryDividend |
Jan 31, 2022 | $0.114 | OrdinaryDividend |
Nov 30, 2021 | $0.115 | OrdinaryDividend |
Oct 28, 2021 | $0.114 | OrdinaryDividend |
Sep 29, 2021 | $0.114 | OrdinaryDividend |
Aug 30, 2021 | $0.113 | OrdinaryDividend |
Jul 29, 2021 | $0.114 | OrdinaryDividend |
Jun 29, 2021 | $0.116 | OrdinaryDividend |
May 27, 2021 | $0.113 | OrdinaryDividend |
Apr 29, 2021 | $0.112 | OrdinaryDividend |
Mar 30, 2021 | $0.114 | OrdinaryDividend |
Feb 25, 2021 | $0.111 | OrdinaryDividend |
Jan 28, 2021 | $0.111 | OrdinaryDividend |
Dec 30, 2020 | $0.113 | OrdinaryDividend |
Nov 27, 2020 | $0.032 | OrdinaryDividend |
Oct 29, 2020 | $0.032 | OrdinaryDividend |
Sep 29, 2020 | $0.032 | OrdinaryDividend |
Aug 28, 2020 | $0.032 | OrdinaryDividend |
Jul 30, 2020 | $0.032 | OrdinaryDividend |
Jun 29, 2020 | $0.032 | OrdinaryDividend |
May 28, 2020 | $0.032 | OrdinaryDividend |
Apr 29, 2020 | $0.032 | OrdinaryDividend |
Mar 30, 2020 | $0.032 | OrdinaryDividend |
Feb 27, 2020 | $0.077 | OrdinaryDividend |
Jan 30, 2020 | $0.078 | OrdinaryDividend |
Dec 30, 2019 | $0.268 | OrdinaryDividend |
Nov 27, 2019 | $0.263 | OrdinaryDividend |
Oct 30, 2019 | $0.268 | OrdinaryDividend |
Sep 27, 2019 | $0.267 | OrdinaryDividend |
Aug 29, 2019 | $0.268 | OrdinaryDividend |
Jul 30, 2019 | $0.269 | OrdinaryDividend |
Jun 27, 2019 | $0.267 | OrdinaryDividend |
May 30, 2019 | $0.271 | OrdinaryDividend |
Apr 29, 2019 | $0.270 | OrdinaryDividend |
Mar 28, 2019 | $0.269 | OrdinaryDividend |
Feb 27, 2019 | $0.054 | OrdinaryDividend |
Jan 30, 2019 | $0.054 | OrdinaryDividend |
Dec 28, 2018 | $0.054 | OrdinaryDividend |
Nov 29, 2018 | $0.054 | OrdinaryDividend |
Oct 30, 2018 | $0.055 | OrdinaryDividend |
Sep 27, 2018 | $0.054 | OrdinaryDividend |
Aug 30, 2018 | $0.055 | OrdinaryDividend |
Jul 30, 2018 | $0.054 | OrdinaryDividend |
Jun 28, 2018 | $0.054 | OrdinaryDividend |
May 30, 2018 | $0.055 | OrdinaryDividend |
Apr 27, 2018 | $0.054 | OrdinaryDividend |
Mar 28, 2018 | $0.054 | OrdinaryDividend |
Feb 27, 2018 | $0.054 | OrdinaryDividend |
Jan 30, 2018 | $0.055 | OrdinaryDividend |
Dec 28, 2017 | $0.054 | OrdinaryDividend |
Nov 29, 2017 | $0.055 | OrdinaryDividend |
Oct 30, 2017 | $0.055 | OrdinaryDividend |
Sep 28, 2017 | $0.055 | OrdinaryDividend |
Aug 30, 2017 | $0.055 | OrdinaryDividend |
Jul 28, 2017 | $0.054 | OrdinaryDividend |
Jun 29, 2017 | $0.055 | OrdinaryDividend |
May 30, 2017 | $0.055 | OrdinaryDividend |
Apr 27, 2017 | $0.055 | OrdinaryDividend |
Mar 30, 2017 | $0.056 | OrdinaryDividend |
Feb 27, 2017 | $0.055 | OrdinaryDividend |
Jan 30, 2017 | $0.056 | OrdinaryDividend |
Dec 29, 2016 | $0.055 | OrdinaryDividend |
Nov 29, 2016 | $0.055 | OrdinaryDividend |
Oct 28, 2016 | $0.055 | OrdinaryDividend |
Sep 29, 2016 | $0.055 | OrdinaryDividend |
Aug 30, 2016 | $0.056 | OrdinaryDividend |
Jul 28, 2016 | $0.054 | OrdinaryDividend |
Jun 29, 2016 | $0.055 | OrdinaryDividend |
May 27, 2016 | $0.054 | OrdinaryDividend |
Apr 28, 2016 | $0.054 | OrdinaryDividend |
Mar 30, 2016 | $0.054 | OrdinaryDividend |
Feb 26, 2016 | $0.053 | OrdinaryDividend |
Jan 28, 2016 | $0.053 | OrdinaryDividend |
Dec 30, 2015 | $0.054 | OrdinaryDividend |
Nov 27, 2015 | $0.055 | OrdinaryDividend |
Oct 29, 2015 | $0.056 | OrdinaryDividend |
Sep 29, 2015 | $0.057 | OrdinaryDividend |
Aug 28, 2015 | $0.056 | OrdinaryDividend |
Jul 30, 2015 | $0.058 | OrdinaryDividend |
Jun 29, 2015 | $0.057 | OrdinaryDividend |
May 28, 2015 | $0.055 | OrdinaryDividend |
Apr 29, 2015 | $0.055 | OrdinaryDividend |
Mar 30, 2015 | $0.058 | OrdinaryDividend |
Feb 26, 2015 | $0.019 | OrdinaryDividend |
MLXIX - Fund Manager Analysis
Managers
Simon Lack
Start Date
Tenure
Tenure Rank
Dec 22, 2014
7.44
7.4%
Simon Lack is the founder and Managing Partner of SL Advisors since the firm’s inception in 2009. Prior to founding SL Advisors, Mr. Lack was employed by JPMorgan for 23 years. His most recent position with JPMorgan was as a Managing Director of North American Fixed Income Derivatives and Forward FX trading, Global Trading Division. He was also a member of JPMorgan’s Capital Markets Investment Program investment committee overseeing hedge fund investments and founded the JPMorgan Incubator Funds (two private equity vehicles that took economic stakes in emerging hedge fund managers). Mr. Lack is the Chairman of the Investment Committee for Wardlaw-Hartridge School in Edison, NJ, and Chairman of the Memorial Endowment Trust Investment Committee of St. Paul’s Episcopal Church in Westfield, NJ. Mr. Lack is a CFA Charterholder and Vice-Chair of the New York Society of Security Analysts’ Market Integrity Committee, and makes regular appearances on cable TV business shows discussing hedge funds and investing.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 15.78 | 7.75 | 12.18 |