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Catalyst/CIFC Senior Secured Income A (CFRAX)

9.30 +0.01 (+0.11%)
As of 8:05 AM EST. Market Open.

Fund Summary

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; 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.

Catalyst/CIFC Senior Secured Income A

Omaha, NE 68130
17605 Wright Street, Suite 2

Fund Overview

Category Bank Loan
Fund Family Catalyst Mutual Funds
Net Assets 532.51M
YTD Return 7.27%
Yield 8.40%
Morningstar Rating
Inception Date Nov 01, 2022

Fund Operations

Last Dividend 0.64
Last Cap Gain -4.00
Holdings Turnover 103.00%
Average for Category --

Fees & Expenses

Expense CFRAX Category Average
Annual Report Expense Ratio (net) 1.17% 1.03%
Prospectus Net Expense Ratio 1.17% --
Prospectus Gross Expense Ratio 1.50% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 3.08%
Max Deferred Sales Load -- 1.05%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Mr. Lam has served as Senior Portfolio Manager of CIFC since 2016. Mr. Lam has 24 years of experience in corporate lending. Prior to joining CIFC in 2006, Mr. Lam was with RBC in the Capital Markets Leveraged Loan Syndications group where he originated, structured and distributed bank debt with a focus on middle market and cross border transactions. Before joining RBC, Mr. Lam spent three years at J.P. Morgan where he began his banking career and received his credit training. At J.P. Morgan, Mr. Lam was a member of the Global Syndicated Finance group where he performed credit analysis in support of bank loan transactions. Mr. Lam holds a B.A. in Finance and International Business from the Stern School of Business at New York University.

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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