Catalyst/CIFC Floating Rate Income Fund (CFRIX)
The investment seeks current income. Under normal market conditions, the fund invests 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.
Fund Info
| ISIN | US62827M8881 |
|---|---|
| CUSIP | 62827M888 |
| Issuer | Catalyst Mutual Funds |
| Inception Date | Dec 30, 2012 |
| Category | Bank Loan |
| Min. Investment | $2,500 |
| Asset Class | Bond |
Expense Ratio
CFRIX has a high expense ratio of 0.90%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: CFRIX vs. FBAPX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Catalyst/CIFC Floating Rate Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Catalyst/CIFC Floating Rate Income Fund had a return of 3.48% year-to-date (YTD) and 12.81% in the last 12 months. Over the past 10 years, Catalyst/CIFC Floating Rate Income Fund had an annualized return of 4.21%, while the S&P 500 had an annualized return of 10.71%, indicating that Catalyst/CIFC Floating Rate Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.48% | 8.76% |
| 1 month | 0.87% | -0.28% |
| 6 months | 6.20% | 18.36% |
| 1 year | 12.81% | 25.94% |
| 5 years (annualized) | 5.13% | 12.51% |
| 10 years (annualized) | 4.21% | 10.71% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.66% | 0.92% | 0.88% | 0.65% | ||||||||
| 2023 | -0.11% | 1.60% | 1.57% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of CFRIX is 99, placing it in the top 1% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
CFRIX (Catalyst/CIFC Floating Rate Income Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Catalyst/CIFC Floating Rate Income Fund (CFRIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Catalyst/CIFC Floating Rate Income Fund granted a 8.73% dividend yield in the last twelve months. The annual payout for that period amounted to $0.81 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.81 | $0.80 | $0.49 | $0.34 | $0.39 | $0.53 | $0.39 | $0.43 | $0.53 | $0.57 | $0.49 | $0.39 |
Dividend yield | 8.73% | 8.62% | 5.45% | 3.57% | 4.03% | 5.50% | 4.26% | 4.50% | 5.69% | 6.27% | 4.90% | 3.73% |
Monthly Dividends
The table displays the monthly dividend distributions for Catalyst/CIFC Floating Rate Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.07 | $0.06 | $0.06 | $0.07 | ||||||||
| 2023 | $0.06 | $0.06 | $0.07 | $0.06 | $0.07 | $0.07 | $0.06 | $0.07 | $0.06 | $0.07 | $0.06 | $0.07 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.07 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2020 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.04 | $0.04 | $0.05 | $0.03 | $0.06 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.02 | $0.03 | $0.05 | $0.03 | $0.04 |
| 2017 | $0.04 | $0.02 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.05 | $0.03 |
| 2016 | $0.06 | $0.06 | $0.06 | $0.07 | $0.05 | $0.04 | $0.04 | $0.05 | $0.03 | $0.02 | $0.02 | $0.03 |
| 2015 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.05 | $0.05 | $0.04 |
| 2014 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.06 | $0.04 | $0.06 |
| 2013 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Catalyst/CIFC Floating Rate Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Catalyst/CIFC Floating Rate Income Fund was 19.19%, occurring on Mar 23, 2020. Recovery took 159 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.19% | Feb 5, 2020 | 33 | Mar 23, 2020 | 159 | Nov 5, 2020 | 192 |
| -13.21% | Jun 2, 2015 | 189 | Mar 1, 2016 | 199 | Dec 12, 2016 | 388 |
| -6.03% | Feb 9, 2022 | 102 | Jul 6, 2022 | 144 | Jan 31, 2023 | 246 |
| -4.06% | Jul 29, 2014 | 99 | Dec 16, 2014 | 84 | Apr 20, 2015 | 183 |
| -3.51% | Oct 23, 2018 | 45 | Dec 27, 2018 | 37 | Feb 21, 2019 | 82 |
Volatility
Volatility Chart
The current Catalyst/CIFC Floating Rate Income Fund volatility is 0.79%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.