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Trending ETFs

Catalyst/SMH Total Return Income Fund

mutual fund
TRIFX
Payout Change
Pending
Price as of:
$4.94 -0.01 -0.2%
primary theme
U.S. Balanced Allocation
TRIFX (Mutual Fund)

Catalyst/SMH Total Return Income Fund

Payout Change
Pending
Price as of:
$4.94 -0.01 -0.2%
primary theme
U.S. Balanced Allocation
TRIFX (Mutual Fund)

Catalyst/SMH Total Return Income Fund

Payout Change
Pending
Price as of:
$4.94 -0.01 -0.2%
primary theme
U.S. Balanced Allocation

Name

As of 12/03/2024

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

$4.94

$17.2 M

8.15%

$0.40

3.61%

Vitals

YTD Return

12.9%

1 yr return

17.2%

3 Yr Avg Return

5.3%

5 Yr Avg Return

8.6%

Net Assets

$17.2 M

Holdings in Top 10

36.1%

52 WEEK LOW AND HIGH

$5.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 3.61%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover 42.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$2,500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/03/2024

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

$4.94

$17.2 M

8.15%

$0.40

3.61%

TRIFX - Profile

Distributions

  • YTD Total Return 12.9%
  • 3 Yr Annualized Total Return 5.3%
  • 5 Yr Annualized Total Return 8.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.43%
DIVIDENDS
  • Dividend Yield 8.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Catalyst/SMH Total Return Income Fund
  • Fund Family Name
    Mutual Fund Series Trust
  • Inception Date
    May 22, 2008
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Dwayne Moyers

Fund Description

Normally, the Fund invests primarily in a broad range of income-producing securities. These include equity securities, such as dividend-paying common stocks and REITs and debt securities, such as interest-paying bonds and convertible bonds. The Fund may also invest in preferred stock, master limited partnerships (“MLPs”), and bank notes. The composition of the Fund’s investments in equity, debt and cash or money market instruments may vary substantially depending on various factors, including market conditions.

Generally, at least 30% of the Fund’s assets is invested in equity securities. Subject to the provisions of the Investment Company Act of 1940 (the “1940 Act”), the Fund may invest in other investment companies (“acquired funds”), including business development companies (“BDCs”) and other closed-end funds, and exchange-traded funds (“ETFs”). The Fund may invest in companies of any market capitalization but generally focuses on stocks with capitalization between $1 billion and $10 billion.

The Fund may invest up to 20% of its assets in equity securities of issuers domiciled outside the United States, including without limitation sponsored American Depositary Receipts (“ADRs”). The Fund may also invest up to 20% of its assets in debt securities of non-U.S. issuers.

In addition, the Fund may invest without limitation in lower quality, higher yielding debt securities (rated Ba or lower by Moody’s Investors Service or BB or lower by S&P Global Ratings or unrated but determined by the Fund’s sub-advisor, SMH Capital Advisors, LLC (the “Sub-Advisor”) to be of equivalent quality) also known as “junk bonds.” While there are no restrictions on maturity, the bonds in the Fund’s portfolio generally have an average maturity of less than ten years.

The Sub-Advisor seeks to invest in attractively valued securities that, in its opinion, represent above-average long-term investment opportunities. The Sub-Advisor seeks investments with yields above the market average and generally focuses on value-oriented securities – those with low price to sales, price to book and price to earnings ratios relative to their growth rates. Securities may be sold when the Sub-Advisor believes that they no longer represent relatively attractive investment opportunities.

The Fund is classified as “non-diversified” for purposes of 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/SMH Total Return Income Fund - Distribution Policy and Goals” section in the Fund’s Prospectus.

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TRIFX - Performance

Return Ranking - Trailing

Period TRIFX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.9% -2.8% 90.1% 73.02%
1 Yr 17.2% -0.5% 92.8% 73.46%
3 Yr 5.3%* -3.2% 24.3% 33.28%
5 Yr 8.6%* -2.1% 24.4% 26.66%
10 Yr 5.6%* 1.2% 14.2% 74.35%

* Annualized

Return Ranking - Calendar

Period TRIFX Return Category Return Low Category Return High Rank in Category (%)
2023 8.1% -12.2% 23.9% 71.78%
2022 -16.5% -34.7% 2.8% 30.16%
2021 18.1% -11.9% 18.1% 0.46%
2020 -1.1% -20.9% 39.7% 93.91%
2019 13.0% 0.8% 25.7% 61.88%

Total Return Ranking - Trailing

Period TRIFX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.9% -2.8% 90.1% 73.02%
1 Yr 17.2% -0.5% 92.8% 73.46%
3 Yr 5.3%* -3.2% 24.3% 33.28%
5 Yr 8.6%* -2.1% 24.4% 26.66%
10 Yr 5.6%* 1.2% 14.2% 74.35%

* Annualized

Total Return Ranking - Calendar

Period TRIFX Return Category Return Low Category Return High Rank in Category (%)
2023 14.5% -12.2% 26.8% 37.43%
2022 -12.5% -29.0% 10.9% 28.83%
2021 24.0% -3.0% 27.3% 0.46%
2020 5.1% -19.5% 40.6% 89.26%
2019 19.4% 2.2% 32.7% 54.13%

NAV & Total Return History


TRIFX - Holdings

Concentration Analysis

TRIFX Category Low Category High TRIFX % Rank
Net Assets 17.2 M 861 K 235 B 97.53%
Number of Holdings 51 2 16143 51.32%
Net Assets in Top 10 6.68 M 859 K 66.9 B 97.66%
Weighting of Top 10 36.11% 10.8% 122.7% 60.96%

Top 10 Holdings

  1. COMPASS DIVERSIF 4.22%
  2. RIG 6.8 03/15/38 4.21%
  3. CXW 4 3/4 10/15/27 4.02%
  4. EZPW 2 3/8 05/01/25 3.83%
  5. MPW 5 10/15/27 3.83%
  6. TWI 7 04/30/28 3.70%
  7. MAIN STREET CAPI 3.29%
  8. AXL 5 10/01/29 3.17%
  9. WT 5 3/4 08/15/28 2.93%
  10. AMC 12 3/4 11/01/27 2.93%

Asset Allocation

Weighting Return Low Return High TRIFX % Rank
Bonds
54.16% 0.00% 75.29% 3.95%
Stocks
42.05% 0.00% 100.10% 88.16%
Convertible Bonds
10.66% 0.00% 23.84% 2.50%
Cash
3.80% -7.92% 100.00% 26.61%
Preferred Stocks
0.00% 0.00% 24.59% 55.70%
Other
0.00% -42.55% 113.97% 64.33%

Stock Sector Breakdown

Weighting Return Low Return High TRIFX % Rank
Financial Services
37.74% 0.00% 38.77% 0.74%
Real Estate
22.65% 0.00% 65.01% 2.22%
Industrials
12.28% 0.00% 24.37% 15.66%
Technology
7.52% 0.00% 44.21% 93.80%
Energy
6.29% 0.00% 85.65% 30.43%
Consumer Cyclical
4.84% 0.00% 19.36% 89.22%
Communication Services
4.66% 0.00% 38.10% 91.14%
Consumer Defense
2.23% 0.00% 15.14% 92.76%
Healthcare
1.79% 0.00% 29.35% 95.57%
Utilities
0.00% 0.00% 99.55% 94.83%
Basic Materials
0.00% 0.00% 25.57% 97.05%

Stock Geographic Breakdown

Weighting Return Low Return High TRIFX % Rank
US
42.05% 0.00% 100.10% 85.53%
Non US
0.00% 0.00% 42.80% 56.58%

Bond Sector Breakdown

Weighting Return Low Return High TRIFX % Rank
Corporate
91.42% 0.00% 98.21% 3.24%
Cash & Equivalents
2.53% 0.00% 99.92% 35.53%
Derivative
0.00% -4.58% 41.29% 49.71%
Securitized
0.00% 0.00% 92.13% 92.05%
Municipal
0.00% 0.00% 24.80% 76.88%
Government
0.00% 0.00% 97.26% 95.43%

Bond Geographic Breakdown

Weighting Return Low Return High TRIFX % Rank
US
54.16% 0.00% 75.29% 3.80%
Non US
0.00% 0.00% 15.37% 48.39%

TRIFX - Expenses

Operational Fees

TRIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.61% 0.03% 27.98% 2.47%
Management Fee 1.00% 0.00% 1.83% 96.66%
12b-1 Fee 0.25% 0.00% 1.00% 30.77%
Administrative Fee N/A 0.01% 0.83% 61.73%

Sales Fees

TRIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 2.25% 5.75% 11.61%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

TRIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 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.

TRIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 42.00% 0.83% 343.00% 52.66%

TRIFX - Distributions

Dividend Yield Analysis

TRIFX Category Low Category High TRIFX % Rank
Dividend Yield 8.15% 0.00% 17.90% 6.24%

Dividend Distribution Analysis

TRIFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Annual

Net Income Ratio Analysis

TRIFX Category Low Category High TRIFX % Rank
Net Income Ratio 5.43% -2.34% 13.92% 0.60%

Capital Gain Distribution Analysis

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

Distributions History

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TRIFX - Fund Manager Analysis

Managers

Dwayne Moyers


Start Date

Tenure

Tenure Rank

May 21, 2008

14.04

14.0%

Dwayne Moyers has been with the firm since the founding of SMHCA in 1996 and has been in the industry since 1991. Mr. Moyers is a member of the SMHCA Investment Committee and is responsible for portfolio design, allocation management and overseeing the day-to-day portfolio management of the firm’s strategies. As Chief Investment Officer, Mr. Moyers oversees the Portfolio Management Team as they continually monitor the quantitative, qualitative, and risk control disciplines that are used to manage the investment strategies. Prior to joining the firm, Mr. Moyers was a credit analyst with Tandy Corporation. Mr. Moyers holds a bachelor degree in business administration from the University of Texas at Arlington.

Daniel Rudnitsky


Start Date

Tenure

Tenure Rank

Oct 31, 2012

9.59

9.6%

Daniel Rudnitsky joined SMH Capital Advisors in 2012 and serves as Senior Portfolio Manager and Vice President. As Portfolio Manager and member of the Investment Committee, Mr. Rudnitsky’s responsibilities include research and credit analysis, day-to-day portfolio management and investment origination. Mr. Rudnitsky plays a role in financial analysis and modeling processes by building financial models and researching market trends. He also works on the development of new products and facilitates expansion into new markets. Prior to joining the SMHCA team, Mr. Rudnitsky served as Investment Product/Platform Manager of New York Life Insurance Company (November 2010 to July 2012); Vice President, Municipal Bond Sales of Rockfleet Financial Services, Inc. (January 2010 to September 2010); Fixed Income Client Portfolio Manager for Institutional and Fixed Income Portfolios of Bear Stearns Asset Management (January 2007 to November 2008); Global Fixed Income Product Manager for AllianceBernstein (2004 to 2006); and various position with The Dreyfus Corporation (2004-2006). Mr. Rudnitsky holds a bachelor degree in Business Administration with a concentration in Finance from Ramapo College of New Jersey.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 34.51 6.36 2.41