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Trending ETFs

Catalyst Energy Infrastructure Fund

mutual fund
MLXCX
Payout Change
Pending
Price as of:
$26.14 +0.02 +0.08%
primary theme
MLP Industry Equity
MLXCX (Mutual Fund)

Catalyst Energy Infrastructure Fund

Payout Change
Pending
Price as of:
$26.14 +0.02 +0.08%
primary theme
MLP Industry Equity
MLXCX (Mutual Fund)

Catalyst Energy Infrastructure Fund

Payout Change
Pending
Price as of:
$26.14 +0.02 +0.08%
primary theme
MLP Industry Equity

Name

As of 10/07/2024

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

$26.14

$245 M

4.59%

$1.20

2.50%

Vitals

YTD Return

30.1%

1 yr return

39.4%

3 Yr Avg Return

20.6%

5 Yr Avg Return

13.4%

Net Assets

$245 M

Holdings in Top 10

67.8%

52 WEEK LOW AND HIGH

$26.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.50%

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 10/07/2024

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

$26.14

$245 M

4.59%

$1.20

2.50%

MLXCX - Profile

Distributions

  • YTD Total Return 30.1%
  • 3 Yr Annualized Total Return 20.6%
  • 5 Yr Annualized Total Return 13.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.52%
DIVIDENDS
  • Dividend Yield 4.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Catalyst Energy Infrastructure Fund
  • Fund Family Name
    Mutual Fund Series Trust
  • Inception Date
    Dec 22, 2014
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Simon 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.

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MLXCX - Performance

Return Ranking - Trailing

Period MLXCX Return Category Return Low Category Return High Rank in Category (%)
YTD 30.1% 13.5% 36.8% 44.00%
1 Yr 39.4% 20.5% 46.0% 46.00%
3 Yr 20.6%* 5.9% 32.6% 43.75%
5 Yr 13.4%* -3.8% 36.7% 68.42%
10 Yr N/A* -6.2% 11.2% N/A

* Annualized

Return Ranking - Calendar

Period MLXCX Return Category Return Low Category Return High Rank in Category (%)
2023 7.5% -14.9% 18.2% 59.22%
2022 18.3% -7.0% 29.9% 30.30%
2021 30.4% 4.2% 55.3% 46.46%
2020 -37.4% -57.4% 155.1% 66.33%
2019 -3.4% -8.9% 18.9% 86.36%

Total Return Ranking - Trailing

Period MLXCX Return Category Return Low Category Return High Rank in Category (%)
YTD 30.1% 13.5% 36.8% 44.00%
1 Yr 39.4% 20.5% 46.0% 46.00%
3 Yr 20.6%* 5.9% 32.6% 43.75%
5 Yr 13.4%* -3.8% 36.7% 68.42%
10 Yr N/A* -6.2% 11.2% N/A

* Annualized

Total Return Ranking - Calendar

Period MLXCX Return Category Return Low Category Return High Rank in Category (%)
2023 14.1% -9.3% 25.5% 62.14%
2022 25.7% -1.2% 38.8% 36.36%
2021 39.7% 14.5% 56.2% 46.46%
2020 -29.8% -53.9% 155.1% 71.43%
2019 10.7% -3.4% 22.4% 54.55%

NAV & Total Return History


MLXCX - Holdings

Concentration Analysis

MLXCX Category Low Category High MLXCX % Rank
Net Assets 245 M 22 M 53.1 B 62.39%
Number of Holdings 21 17 89 85.44%
Net Assets in Top 10 200 M 23.7 M 3.51 B 69.90%
Weighting of Top 10 67.76% 39.1% 118.8% 45.63%

Top 10 Holdings

  1. WILLIAMS COS INC 10.53%
  2. CHENIERE ENERGY 9.93%
  3. ENERGY TRANSFER 9.36%
  4. NEXTDECADE CORP 9.34%
  5. TARGA RESOURCES 6.52%
  6. WESTERN MIDSTREA 4.49%
  7. ENTERPRISE PRODU 4.42%
  8. ENLINK MIDSTREAM 4.42%
  9. ONEOK INC 4.42%
  10. ENBRIDGE INC 4.33%

Asset Allocation

Weighting Return Low Return High MLXCX % Rank
Stocks
99.75% 53.33% 138.70% 49.51%
Cash
0.25% 0.00% 13.09% 70.87%
Preferred Stocks
0.00% 0.00% 2.23% 79.61%
Other
0.00% -36.30% 5.12% 62.14%
Convertible Bonds
0.00% 0.00% 5.29% 74.76%
Bonds
0.00% 0.00% 40.73% 75.73%

Stock Sector Breakdown

Weighting Return Low Return High MLXCX % Rank
Energy
100.00% 53.73% 100.00% 4.85%
Utilities
0.00% 0.00% 41.78% 91.26%
Technology
0.00% 0.00% 2.43% 83.50%
Real Estate
0.00% 0.00% 0.00% 74.76%
Industrials
0.00% 0.00% 4.54% 81.55%
Healthcare
0.00% 0.00% 0.00% 74.76%
Financial Services
0.00% 0.00% 0.66% 74.76%
Communication Services
0.00% 0.00% 0.00% 74.76%
Consumer Defense
0.00% 0.00% 0.82% 74.76%
Consumer Cyclical
0.00% 0.00% 1.07% 77.67%
Basic Materials
0.00% 0.00% 6.40% 84.47%

Stock Geographic Breakdown

Weighting Return Low Return High MLXCX % Rank
US
96.04% 48.92% 138.70% 48.54%
Non US
3.71% 0.00% 31.58% 43.69%

MLXCX - Expenses

Operational Fees

MLXCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.50% 0.35% 8.81% 38.24%
Management Fee 1.25% 0.35% 1.38% 95.41%
12b-1 Fee 1.00% 0.00% 1.00% 94.83%
Administrative Fee N/A 0.04% 0.15% 56.88%

Sales Fees

MLXCX 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

MLXCX 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.

MLXCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 32.00% 6.00% 166.00% 45.36%

MLXCX - Distributions

Dividend Yield Analysis

MLXCX Category Low Category High MLXCX % Rank
Dividend Yield 4.59% 0.00% 15.34% 91.74%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

MLXCX Category Low Category High MLXCX % Rank
Net Income Ratio 3.52% -6.38% 5.84% 4.90%

Capital Gain Distribution Analysis

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

Distributions History

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MLXCX - 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 7.77 12.18