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Trending ETFs

Catalyst Insider Buying Fund

mutual fund
INSCX
Payout Change
Pending
Price as of:
$20.8 -0.17 -0.81%
primary theme
U.S. Large-Cap Growth Equity
INSCX (Mutual Fund)

Catalyst Insider Buying Fund

Payout Change
Pending
Price as of:
$20.8 -0.17 -0.81%
primary theme
U.S. Large-Cap Growth Equity
INSCX (Mutual Fund)

Catalyst Insider Buying Fund

Payout Change
Pending
Price as of:
$20.8 -0.17 -0.81%
primary theme
U.S. Large-Cap Growth Equity

Name

As of 11/29/2024

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

$20.80

$16.7 M

0.00%

3.02%

Vitals

YTD Return

30.1%

1 yr return

35.0%

3 Yr Avg Return

5.1%

5 Yr Avg Return

1.5%

Net Assets

$16.7 M

Holdings in Top 10

53.6%

52 WEEK LOW AND HIGH

$21.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 3.02%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 77.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$2,500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 11/29/2024

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

$20.80

$16.7 M

0.00%

3.02%

INSCX - Profile

Distributions

  • YTD Total Return 30.1%
  • 3 Yr Annualized Total Return 5.1%
  • 5 Yr Annualized Total Return 1.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -2.05%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Other

Fund Details

  • Legal Name
    Catalyst Insider Buying Fund
  • Fund Family Name
    Mutual Fund Series Trust
  • Inception Date
    Jul 29, 2011
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Miller

Fund Description

The Fund seeks to achieve its investment objective by combining a portfolio of common stock (the “Common Stock Component”) with an overlay component that provides exposure to quantitative investment strategies (the “Overlay Component”).

Common Stock Component

The Common Stock Component invests in common stocks of U.S. companies, including real estate investment trusts (“REITs”), and American Depositary Receipts (“ADRs”). The Fund purchases positions in stocks that are experiencing insider buying by corporate executives, directors, large shareholders or activist shareholders. The Fund may invest in companies of any market capitalization, including smaller-sized companies, but intends to emphasize larger capitalization stocks.

The Advisor uses public information that is filed with the Securities and Exchange Commission (“SEC”) on corporate insider and large shareholder buying and selling activity for its investment decisions. The Advisor’s research and quantitative back-testing of insider trading data over long periods of time has resulted in the development of a proprietary method of analyzing insider trading activity that it believes can provide long-term capital appreciation. The underlying thesis is that corporate insiders and large or activist shareholders know more about the prospects of the company than anybody else.

The Advisor’s investment process focuses on insider identities (position in the company), motivations, insider trading trends, trading volumes, firm size and other factors to select stocks for the portfolio. Stocks are sold when the relevant insider trading trends reverse or when portfolio positions achieve or no longer provide the targeted risk adjusted return. The Fund actively trades its portfolio investments, which may lead to higher transaction costs that may affect the Fund’s performance.

Overlay Component

The Overlay Component is designed to provide the Fund with exposure to various asset classes and strategies that have historically demonstrated the potential to produce attractive total return over the long term with low to moderate correlation to equities and bonds. The Overlay Component generally seeks to gain this exposure by investing in one or more structured notes and/or one or more non-exchange-traded total return swap contracts.

The Overlay Component pursues an absolute return, multi-risk premia strategy (i.e., a multi-risk factor strategy) that attempts to capture various sources of systematic risk premia in the capital markets. Risk premia refers to sources of return derived by accepting risks beyond those inherent in traditional broad market exposures, such as long-only broad-market equity and bond indexes. Risk premia are considered the building blocks of many variable (i.e., non-linear) and hedged investment strategies. Risk premia strategies use publicly traded instruments and tend to have lower correlation to equities and bonds as well as to one another.

The Overlay Component’s multi-risk premia strategy provides exposure to a blend of Carry, Momentum, Value and Volatility Risk Premia across equity, commodity, foreign exchange and fixed income markets and invests in futures and options on equity indices, commodities, government bonds and non-government bonds, interest rates and currency forwards.

Carry Risk Premia: Captures the tendency for higher yielding assets to outperform lower yielding assets over time. Typical Carry Risk Premia strategies include having long, high carry assets and short, low carry assets. An example is to synthetically buy high yielding currency forward contracts and sell low yielding currency forward contracts.
Momentum Risk Premia: Captures the tendency for assets that have performed well in the recent past to continue to perform well, and assets that have performed poorly in the recent past to continue to perform poorly. Typical Momentum Risk Premia strategies include being long historically high performing assets and being short historically low performing assets. An example is to synthetically buy positive trending futures and sell negatively trending futures across multiple asset classes.
Volatility Risk Premia: Captures the behavioral tendency of markets to over-exaggerate implied or expected volatility. Typical Volatility Risk Premia strategies include being short an asset’s expected end-of-day price standard deviation (implied volatility) and being long an asset’s realized end-of-day price standard deviation (realized volatility) over a specified period. An example would be writing ultra short put options on the S&P 500 Index with an intra-day delta hedge.
Value Risk Premia: Captures the behavioral tendency of asset prices to mean revert to fair value anchors. Typical Value Risk Premia strategies include short term mean-reversion strategies that use price and fundamental indicators to open short positions in “overbought” assets and open long positions in “oversold” assets. An example would be to open short positions in overbought currency pairs and open long positions on oversold currency pairs.

The Overlay Component’s allocations across these risk premia strategies are made at the discretion of the Advisor with the intent to best complement the Common Stock Component.

Investments in Subsidiary

The Advisor executes a portion of the Fund’s strategy by investing up to 25% of the Fund’s total assets in the Subsidiary, a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands. The Subsidiary invests the majority of its assets in structured notes and total return swap contracts. The Subsidiary is subject to the same investment restrictions as the Fund, when viewed on a consolidated basis. 

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INSCX - Performance

Return Ranking - Trailing

Period INSCX Return Category Return Low Category Return High Rank in Category (%)
YTD 30.1% 1.9% 53.3% 52.27%
1 Yr 35.0% 4.7% 71.4% 54.36%
3 Yr 5.1%* -22.4% 26.5% 90.90%
5 Yr 1.5%* -13.3% 30.0% 99.90%
10 Yr 3.1%* -4.8% 20.4% 99.87%

* Annualized

Return Ranking - Calendar

Period INSCX Return Category Return Low Category Return High Rank in Category (%)
2023 30.5% -74.1% 72.4% 55.38%
2022 -33.2% -85.9% 4.7% 44.11%
2021 -18.3% -52.4% 60.5% 95.98%
2020 13.5% -34.3% 145.0% 90.20%
2019 23.0% -6.9% 49.4% 63.61%

Total Return Ranking - Trailing

Period INSCX Return Category Return Low Category Return High Rank in Category (%)
YTD 30.1% 1.9% 53.3% 52.27%
1 Yr 35.0% 4.7% 71.4% 54.36%
3 Yr 5.1%* -22.4% 26.5% 90.90%
5 Yr 1.5%* -13.3% 30.0% 99.90%
10 Yr 3.1%* -4.8% 20.4% 99.87%

* Annualized

Total Return Ranking - Calendar

Period INSCX Return Category Return Low Category Return High Rank in Category (%)
2023 30.5% -4.6% 72.4% 73.91%
2022 -33.2% -61.7% 5.6% 70.25%
2021 -18.3% -39.8% 118.1% 99.81%
2020 13.5% 2.8% 149.2% 98.64%
2019 23.0% -5.2% 49.4% 97.55%

NAV & Total Return History


INSCX - Holdings

Concentration Analysis

INSCX Category Low Category High INSCX % Rank
Net Assets 16.7 M 296 K 287 B 97.91%
Number of Holdings 41 2 3061 76.86%
Net Assets in Top 10 9.37 M 126 K 150 B 98.00%
Weighting of Top 10 53.56% 0.7% 205.0% 50.05%

Top 10 Holdings

  1. KINSALE CAPITAL 12.23%
  2. MSCI INC 4.93%
  3. COMFORT SYSTEMS 4.88%
  4. BLUE OWL CAPITAL 4.80%
  5. ARISTA NETWORKS 4.74%
  6. ODDITY TECH LTD 4.68%
  7. ENSIGN GROUP INC 4.56%
  8. MURPHY USA INC 4.48%
  9. TRANSMEDICS GROU 4.31%
  10. NOVO-NORDISK-ADR 3.95%

Asset Allocation

Weighting Return Low Return High INSCX % Rank
Stocks
99.49% 0.00% 123.52% 28.95%
Cash
0.51% 0.00% 173.52% 65.88%
Preferred Stocks
0.00% 0.00% 8.45% 58.17%
Other
0.00% -36.56% 50.35% 61.34%
Convertible Bonds
0.00% 0.00% 1.94% 51.27%
Bonds
0.00% 0.00% 102.71% 52.45%

Stock Sector Breakdown

Weighting Return Low Return High INSCX % Rank
Technology
40.76% 0.00% 65.70% 26.91%
Communication Services
22.85% 0.00% 66.40% 1.36%
Consumer Cyclical
18.94% 0.00% 62.57% 22.64%
Healthcare
8.03% 0.00% 39.76% 88.91%
Financial Services
7.32% 0.00% 43.06% 68.64%
Consumer Defense
2.10% 0.00% 25.50% 70.64%
Utilities
0.00% 0.00% 16.07% 65.73%
Real Estate
0.00% 0.00% 16.05% 83.82%
Industrials
0.00% 0.00% 30.65% 96.27%
Energy
0.00% 0.00% 41.09% 78.18%
Basic Materials
0.00% 0.00% 18.91% 87.09%

Stock Geographic Breakdown

Weighting Return Low Return High INSCX % Rank
US
99.49% 0.00% 123.52% 21.05%
Non US
0.00% 0.00% 75.46% 66.52%

INSCX - Expenses

Operational Fees

INSCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.02% 0.01% 28.71% 2.28%
Management Fee 1.00% 0.00% 1.50% 97.17%
12b-1 Fee 1.00% 0.00% 1.00% 89.59%
Administrative Fee N/A 0.01% 1.02% 61.92%

Sales Fees

INSCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 8.50% N/A
Deferred Load N/A 1.00% 5.00% 82.38%

Trading Fees

INSCX 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.

INSCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 77.00% 0.00% 316.74% 83.56%

INSCX - Distributions

Dividend Yield Analysis

INSCX Category Low Category High INSCX % Rank
Dividend Yield 0.00% 0.00% 27.58% 72.39%

Dividend Distribution Analysis

INSCX Category Low Category High Category Mod
Dividend Distribution Frequency Other Annual SemiAnnual Annual

Net Income Ratio Analysis

INSCX Category Low Category High INSCX % Rank
Net Income Ratio -2.05% -6.13% 3.48% 99.35%

Capital Gain Distribution Analysis

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

Distributions History

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INSCX - Fund Manager Analysis

Managers

David Miller


Start Date

Tenure

Tenure Rank

Jul 29, 2011

10.85

10.9%

David Miller, Owner and Chief Investment Officer of Rational Advisors, Inc. since 2016. He is a co-founder and has served as Chief Investment Officer of Catalyst Capital Advisors LLC since 2006, and is responsible for the day-to-day management of several funds managed by Catalyst. Mr. Miller is also a member of Catalyst International Advisors LLC since 2019, Insights Media LLC since 2019, and Catalyst Insurance Corporation II since 2018. Prior to founding Catalyst, Mr. Miller was the CEO of Investment Catalyst, an investment newsletter he founded in 2005. The Investment Catalyst newsletter worked to identify undervalued stocks with a near term catalyst for appreciation. Mr. Miller was a trader with UBS, working on the equity derivatives desk from July 2002 until December 2002. Mr. Miller was the CEO of MovieDaze Media Group, a search engine marketing company that he co-founded in 2003 and sold in 2006. He received a BS in Economics from the University of Pennsylvania, Wharton School and a MBA in Finance from the University of Michigan, Ross School of Business.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 54.45 8.25 3.08