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Trending ETFs

Name

As of 03/25/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.62

$310 M

7.53%

$0.65

1.78%

Vitals

YTD Return

0.8%

1 yr return

-0.9%

3 Yr Avg Return

-2.2%

5 Yr Avg Return

1.2%

Net Assets

$310 M

Holdings in Top 10

22.1%

52 WEEK LOW AND HIGH

$8.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.78%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 58.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$2,500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/25/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.62

$310 M

7.53%

$0.65

1.78%

EIXIX - Profile

Distributions

  • YTD Total Return 0.8%
  • 3 Yr Annualized Total Return -2.2%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 6.68%
DIVIDENDS
  • Dividend Yield 7.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Catalyst Enhanced Income Strategy Fund
  • Fund Family Name
    Mutual Fund Series Trust
  • Inception Date
    Dec 31, 2018
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Leland Abrams

Fund Description

The Fund seeks to achieve its investment objective by primarily investing in agency and non-agency commercial and residential mortgage-backed securities (“MBS”) and other fixed income asset-backed securities, including securities backed by aircraft, automobiles, credit card receivables, and student loans.

The Fund does not limit its investments to a particular credit quality and may invest in distressed asset backed securities and other below investment grade securities (commonly referred to as “junk”) without limitation. Below investment grade securities are those rated below Baa3 by Moody’s Investor Services or equivalently by another nationally recognized statistical rating organization as well as non-rated securities. The MBS in which the Fund invests are generally liquid, in other words, can be sold at approximately the current market value within 7 calendar days. The Fund may hold up to 15% of its net assets in illiquid investments. In managing the Fund’s investments, the Fund’s sub-advisor, Wynkoop, LLC (the “Sub-Advisor”), seeks to construct an investment portfolio with a weighted average maturity that ranges between 1 and 10 years and a weighted average effective duration that ranges between -9 and 9 years. Duration is a measure of the expected life of a fixed income instrument that is used to determine the sensitivity of a security’s price to changes in interest rates. Effective duration is a measure of the Fund’s portfolio duration adjusted for the anticipated effect of interest rate changes on bond and mortgage pre-payment rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates. The more sensitive a security is to changes in interest rates, the higher its volatility risk. For example, if a bond has a duration of 5 years, a 1% rise in rates would result in a 5% decline in share price. If a bond has a duration of 10 years, a 1% rise in interest rates would result in a 10% decline in share price. Unique to the residential MBS market are securities, such as interest-only securities, and related derivatives, that have “negative duration.” This means that the value of these instruments normally increases with higher interest rates, the opposite of most other debt instruments. This generally allows some portion of the portfolio’s market risk to be hedged with a purchase, rather than a short sale, and allows the portfolio to realize positive cash flows on the hedge as a result of interest received with respect to that security.

The Sub-Advisor determines the allocation of the Fund’s investments across the various fixed income asset classes based on market supply and which asset classes it views as offering the best risk-adjusted values in the marketplace at a given time. However, the Fund expects to focus its investments in agency and non-agency commercial and residential MBS and, under normal circumstances, invests over 25% of its assets in agency and non-agency commercial and residential MBS. In selecting individual securities for investment by the Fund, the Sub-Advisor selects securities that it believes offer the best risk/return opportunity based on its analyses of a variety of factors including collateral quality, duration, structure, excess interest, credit support, potential for greater upside and less downside, capture, liquidity, and market conditions and favors undervalued investments that produce consistent returns in most interest rate environments. The Sub-Advisor attempts to diversify geographically and among the servicing institutions that service or originate the MBS.

Distribution Policy. The Fund’s distribution policy is to make twelve monthly distributions to shareholders. The level of monthly distributions (including any return of capital) is not fixed and is not designed to generate, and is not expected to result in, distributions that equal a fixed percentage of the Fund’s current net asset value per share. 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.

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EIXIX - Performance

Return Ranking - Trailing

Period EIXIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -6.5% 5.7% 67.08%
1 Yr -0.9% -9.3% 24.0% 96.91%
3 Yr -2.2%* -16.7% 18.1% 88.94%
5 Yr 1.2%* -13.0% 15.2% 73.17%
10 Yr N/A* -13.4% 6.7% N/A

* Annualized

Return Ranking - Calendar

Period EIXIX Return Category Return Low Category Return High Rank in Category (%)
2023 -9.8% -12.0% 15.7% 99.23%
2022 -12.5% -31.8% 18.4% 45.09%
2021 -2.5% -26.6% 25.7% 69.12%
2020 0.3% -49.2% 18.7% 64.13%
2019 12.4% -35.1% 15.3% 0.57%

Total Return Ranking - Trailing

Period EIXIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -6.5% 5.7% 67.08%
1 Yr -0.9% -9.3% 24.0% 96.91%
3 Yr -2.2%* -16.7% 18.1% 88.94%
5 Yr 1.2%* -13.0% 15.2% 73.17%
10 Yr N/A* -13.4% 6.7% N/A

* Annualized

Total Return Ranking - Calendar

Period EIXIX Return Category Return Low Category Return High Rank in Category (%)
2023 -2.1% -7.0% 22.2% 96.60%
2022 -6.8% -31.8% 21.1% 34.49%
2021 3.5% -13.5% 49.9% 22.06%
2020 6.2% -28.6% 24.1% 44.70%
2019 17.0% -4.8% 19.1% 0.57%

NAV & Total Return History


EIXIX - Holdings

Concentration Analysis

EIXIX Category Low Category High EIXIX % Rank
Net Assets 310 M 2.32 M 127 B 63.10%
Number of Holdings 357 2 10577 55.84%
Net Assets in Top 10 56.3 M -1.57 B 65.8 B 73.29%
Weighting of Top 10 22.15% 0.7% 170.6% 65.43%

Top 10 Holdings

  1. SRPT 2014-STAR A 3.84%
  2. TMTS 2006-3 2A3 2.98%
  3. CARR 2006-FRE2 A2 2.87%
  4. JPMCC 2011-C3 C 2.17%
  5. CSSLT 2006-1 M1 1.81%
  6. CGCMT 2014-GC21 E 1.76%
  7. GSMS 2018-SRP5 A 1.75%
  8. CMSI 2008-1 1A1 1.72%
  9. CARR 2006-FRE2 A5 1.65%
  10. FIRST AM-TR OB-X 1.60%

Asset Allocation

Weighting Return Low Return High EIXIX % Rank
Other
98.07% -72.32% 100.00% 0.46%
Cash
1.93% -94.66% 258.91% 67.83%
Stocks
0.00% -1.60% 99.88% 98.94%
Preferred Stocks
0.00% 0.00% 30.46% 98.33%
Convertible Bonds
0.00% 0.00% 33.50% 99.07%
Bonds
0.00% -150.81% 203.29% 98.63%

EIXIX - Expenses

Operational Fees

EIXIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.78% 0.01% 20.67% 24.21%
Management Fee 1.50% 0.00% 2.29% 95.03%
12b-1 Fee 0.00% 0.00% 1.00% 17.42%
Administrative Fee N/A 0.00% 0.70% N/A

Sales Fees

EIXIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

EIXIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

EIXIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 58.00% 0.00% 632.00% 33.70%

EIXIX - Distributions

Dividend Yield Analysis

EIXIX Category Low Category High EIXIX % Rank
Dividend Yield 7.53% 0.00% 18.15% 3.16%

Dividend Distribution Analysis

EIXIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Quarterly

Net Income Ratio Analysis

EIXIX Category Low Category High EIXIX % Rank
Net Income Ratio 6.68% -1.55% 11.51% 4.93%

Capital Gain Distribution Analysis

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

Distributions History

View More +

EIXIX - Fund Manager Analysis

Managers

Leland Abrams


Start Date

Tenure

Tenure Rank

Dec 31, 2018

3.42

3.4%

Mr. Abrams is portfolio manager and principal of Wynkoop since September 2016 and has been responsible for the day-to-day management of the Fund since 2018. Prior to joining Wynkoopr, Mr. Abrams was the RMBS Sector Manager of Candlewood Investment Group from 2010 – 2016, a non-agency mortgage and esoteric asset backed securities trader and credit analyst at United Capital Markets, Inc. from 2008 to 2010; and Credit Analyst and Trader at Dresdner Bank, AG (Dresdner Kleinwort Wasserstein) from 2005 to 2008. Mr. Abrams holds a B.A. in Economics from Bucknell University.

Jui Chiew Tan


Start Date

Tenure

Tenure Rank

Nov 01, 2019

2.58

2.6%

Mr. Tan is a portfolio manager and analyst of Wynkoop since 2018. Prior to joining the Wynkoop, Mr. Tan was an analyst and trader at Anato Investment Group from 2015 to 2018; analyst and trader at Stifel, Nicolaus & Co from 2014 to 2015; trading analyst at Odeon Capital Group from 2012-2014; senior analyst at Interactive Data Corp from 2008 to 2012; structurer at Credit Suisse Securities from 2006 to 2008; and senior modeler at Deloitte and Touche from 2005 to 2006. Mr. Tan received a B.A. from Grinnell College, a B.S. and M.S. from Washington University in St. Louis and a M.S. from University of Pennsylvania.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.19 5.72 3.19