ACXCX — Catalyst Multi-Strategy Fund
Data updated: 2023-11-29
ACXCX — Catalyst Multi-Strategy Fund. Emerging Markets Real Estate · $5.62M AUM · 3.21% expense ratio. Holdings, fees, performance and SEC filings.
ACXCX Fund Overview
ACXCX — Catalyst Multi-Strategy Fund is a US mutual fund managed by Mutual Fund Series Trust, categorised as Emerging Markets Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Mutual Fund Series Trust
- Category: Emerging Markets Real Estate
- Assets under management: $5.62M
- 1-year return: -5.4%
- Ticker: ACXCX
- SEC CIK: 0001355064
- SEC series ID: S000050218
- Share class ID: C000158514
ACXCX Investment Objective and Strategy
Catalyst Multi-Strategy Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Mutual Fund Series Trust.
Investment objective
The Funds objective is long-term capital appreciation.
Principal investment strategy
The Fund seeks to achieve its investment objective by (i) entering into both long and short positions in futures contracts primarily through its Subsidiary to gain exposure to the commodities market and (ii) holding, directly or indirectly through investment in affiliated and non-affiliated mutual funds and exchange traded funds (ETFs), cash, cash equivalents, and investment grade short-term fixed income securities primarily as collateral to these derivative positions. A long position is taken when the Fund purchases a commodity futures contract. A short position is taken when the Fund sells a commodity futures contract. Fixed income securities include corporate bonds, government securities, asset backed securities, mortgage-backed securities (MBS) (including U.S. agency and non-agency residential MBS, commercial mortgage-backed securities (CMBS), and real estate investment trusts) and floating rate securities.
The Fund may invest, indirectly through mutual funds and ETFs, in collateralized loan obligations (CLOs), collateralized debt obligations (CDOs) and in below-investment grade asset-backed securities, subprime mortgages and MBS. The Fund may invest in securities of any credit quality (including junk bonds), effective maturity or average modified duration and may hold the securities of issuers located outside the US (including emerging markets). When the Fund invests in futures, it will primarily invest in futures contracts of domestic and developed foreign countries futures markets and will invest across multiple sectors of financial and commodity futures contracts and time frames. A futures contract is a contractual agreement to buy or sell a particular commodity or financial instrument at a pre-determined price in the future.
Examples of sectors in which the Fund may invest from time to time include stock indices, currencies, interest rates, metals, energy, livestock, soft commodities (such as cocoa, coffee, cotton and sugar) and grains. Investment in these instruments may be made by the Fund directly or indirectly by investing through its Subsidiary (as described below) that invests in the instruments. Caddo Capital Management, LLC (the Trading Advisor) makes investment decisions for the futures component of the Funds portfolio based on the results of its investment program (the Investment Program). The Investment Program is an absolute return strategy intended to capitalize on rising as well as declining price movements throughout the global financial industry and commodity markets. The Investment Program utilizes a multi-system approach that participates in long, intermediate and short-term time frames.
Trades are initiated based on models. The Trading Advisor employs multiple unique trading models, which are applied to the multiple investment sub-strategies, namely, relative value, trend following, pattern recognition, machine learning (i.e., mathematical models that have the capability to adjust based on information received) and calendar spread strategies. In addition, the Investment Program emphasizes risk management and adheres to the following guidelines: (i) all positions are structured with mathematical limitations that are intended to anticipate all market scenarios; (ii) diversify across several markets and systems; (iii) place buy/sell orders to mitigate losses on holdings which may be adjusted on a daily basis in all markets; (iv) maintain low margin to equity ratios; and (v) focus primarily on research aimed at reducing drawdowns and protecting capital.
Investments in Subsidiary The Adviser executes a portion of the Funds strategy by investing up to 25% of its total assets in a wholly-owned and controlled subsidiary (the Subsidiary). The Subsidiary invests the majority of its assets in commodities and other futures contracts. The Subsidiary is subject to the same investment restrictions as the Fund, when viewed on a consolidated basis.
ACXCX Performance
Total returns for ACXCX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -5.4% |
| 3 years (annualised) | -1.5% |
ACXCX Risk Information
Risk metrics for ACXCX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 10.9%
ACXCX Costs and Fees
ACXCX costs about $321 per $10,000 invested per year in fund expenses.
- Net expense ratio: 3.21%
- Gross expense ratio: 5.64%
- Portfolio turnover: 50%
- Brokerage commissions: 53.41 bps of average net assets (SEC N-CEN)
ACXCX Cashflows
Over the 12 months to 2023-09, Catalyst Multi-Strategy Fund had net inflows of $2.12M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-09 | $33.61K |
| 2023-08 | $103.00K |
| 2023-07 | $111.90K |
| 2023-06 | $26.68K |
| 2023-05 | $143.71K |
| 2023-04 | $64.82K |
ACXCX Debt Constituents
No individual debt constituents are reported in Catalyst Multi-Strategy Fund's latest SEC N-PORT filing.
ACXCX Prospectus and SEC Filings
Official Catalyst Multi-Strategy Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-10-28
- Prospectus (485BPOS) — filed 2020-10-28
- Prospectus supplement (497) — filed 2021-11-04
- Portfolio holdings (N-PORT) — filed 2023-11-29
- Portfolio holdings (N-PORT) — filed 2023-08-29
- Portfolio holdings (N-PORT) — filed 2023-05-26
- Annual census (N-CEN) — filed 2023-09-13
- Annual census (N-CEN) — filed 2022-09-13
Related Funds
Other Emerging Markets Real Estate funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.