BUYCX — Catalyst Buyback Strategy Fund
Data updated: 2022-11-28
BUYCX — Catalyst Buyback Strategy Fund. United States Blend / Core Equity · $3.64M AUM · 2.29% expense ratio. Holdings, fees, performance and SEC filings.
BUYCX Fund Overview
BUYCX — Catalyst Buyback Strategy Fund is a US mutual fund managed by Mutual Fund Series Trust, categorised as United States Blend / Core Equity. 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: United States Blend / Core Equity
- Assets under management: $3.64M
- 1-year return: -46.5%
- Ticker: BUYCX
- SEC CIK: 0001355064
- SEC series ID: S000043482
- Share class ID: C000134861
BUYCX Investment Objective and Strategy
Catalyst Buyback 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 invests primarily in the common stocks of U.S. companies that have announced their intention to repurchase a portion of the companys outstanding shares. The Fund may invest in companies of any market capitalization. Under normal conditions, the Fund will invest at least 80% of the Funds net assets plus any borrowings for investment purposes in equity securities. Catalyst Capital Advisors LLC (Catalyst or Advisor) uses its proprietary investment model, originally developed by Choice Financial Partners, Inc. d/b/a EquityCompass, to manage the Funds investments. The model is based on the premise that stocks of companies that announce share buybacks will perform well because share buybacks are a signal to the market that the management of a company believes the companys shares are undervalued.
This positive signal to the market may cause the value of the shares to rise after the share buyback announcement. In constructing the portfolio, the Advisor utilizes numerous quantitative techniques in identifying share repurchase announcements that it considers the most-favorable. In determining the favorability of a share buyback announcement, the Advisor analyzes a wide array of firm and security specific characteristics in addition to buyback-announcement specific factors including, without limitation, the size of the announced share buyback, the length of time since the announcement has been made, as well as the price reaction, volatility, liquidity, trading patterns, and volume of the underlying shares, post-announcement. The Funds portfolio will be actively managed, which is expected to result in significant portfolio turnover in the process of investing in the most favorable buyback situations and exiting less favorable positions.
Stocks are typically sold from the portfolio when the Advisor believes that the majority of the excess returns from the buyback announcement have been realized or when more favorable investment opportunities arise. The Advisor generally attempts to manage risk by including equal-weighted positions in the model portfolio, seeking to limit the potential adverse impact from any one stock, and by implementing size and liquidity constraints in considering a security for inclusion in the model portfolio and other risk measures. However, there may be times (e.g., when certain positions appreciate or depreciate significantly or there is a relatively low number of companies doing buybacks) when equal weighting of the Funds positions is difficult to maintain.
BUYCX Performance
Total returns for BUYCX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -46.5% |
| 3 years (annualised) | -14.7% |
BUYCX Risk Information
Risk metrics for BUYCX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 27.2%
BUYCX Costs and Fees
BUYCX costs about $229 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.29%
- Gross expense ratio: 3.31%
- Portfolio turnover: 132%
- Brokerage commissions: 0.69 bps of average net assets (SEC N-CEN)
BUYCX Cashflows
Over the 12 months to 2022-09, Catalyst Buyback Strategy Fund had net inflows of $4.35M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-09 | $236.90K |
| 2022-08 | $271.04K |
| 2022-07 | $241.22K |
| 2022-06 | $267.76K |
| 2022-05 | $1.04M |
| 2022-04 | $701.50K |
BUYCX Debt Constituents
No individual debt constituents are reported in Catalyst Buyback Strategy Fund's latest SEC N-PORT filing.
BUYCX Prospectus and SEC Filings
Official Catalyst Buyback Strategy Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-10-28
- Prospectus (485BPOS) — filed 2021-05-07
- Prospectus (485BPOS) — filed 2020-10-28
- Portfolio holdings (N-PORT) — filed 2022-11-28
- Portfolio holdings (N-PORT) — filed 2022-08-26
- Portfolio holdings (N-PORT) — filed 2022-05-31
- Annual census (N-CEN) — filed 2022-09-13
- Annual census (N-CEN) — filed 2021-09-13
Related Funds
Other United States Blend / Core Equity 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.