CEXAX — Camelot Excalibur Small Cap Income Fund

CEXAX Fund Overview

CEXAX — Camelot Excalibur Small Cap Income Fund is a US mutual fund managed by Mutual Fund Series Trust, categorised as Emerging Markets Small Cap 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: Emerging Markets Small Cap Blend / Core Equity
• Assets under management: $6.41M
• Ticker: CEXAX
• SEC CIK: 0001355064
• SEC series ID: S000043609
• Share class ID: C000135206

CEXAX Investment Objective and Strategy

Camelot Excalibur Small Cap Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Mutual Fund Series Trust.

Investment objective

The investment objective of the Camelot Excalibur Small Cap Income Fund (the Fund or Small Cap Income Fund) is current income with capital appreciation.

Principal investment strategy

The Fund seeks to achieve its investment objective by investing primarily in the equity securities (including common stocks, preferred stocks, real estate investment trusts (REITs) and master limited partnerships (MLPs)) of domestic and foreign, including emerging market, small capitalization companies (either by investing directly or indirectly through other investment companies) that are traded on a U.S. exchange, writing put options on such securities, and writing covered call options on securities held in its portfolio. The Fund writes (sells) puts and covered calls in an attempt to generate increased income, reduce the volatility of the Fund and to enter and exit positions. The Fund will invest some or all of the amounts segregated to cover the put options written in cash equivalents and/or short-term bonds to generate additional income.

The Fund receives a premium from the purchaser of the call, which generates income for the Fund and may reduce the volatility of the Fund because the premium will reduce any losses on the underlying securities, but only by the amount of the premium. Typically, the Fund will (i) hold the securities of approximately 25-100 small capitalization companies (defined by the Advisor as companies with market capitalizations under $4 billion) that are currently paying dividends or have the potential to pay dividend in the future, (ii) write put options on small capitalization companies and (iii) write call options on the securities held in its portfolio. Under normal market conditions, the Fund will invest at least 80% of its net assets, including borrowings for investment purposes, in the small capitalization investments.

Small capitalization investments include equity securities, and covered call and put options written on the equity securities of domestic and foreign, including emerging market, small capitalization companies. The Fund relies on the analysis and professional judgment of the Advisor. The Advisor will select companies for investment by the Fund that it believes to be attractively valued and are a strong long-term total return investment opportunity for the Fund. This philosophy is based on a fundamental analysis of the companies in which the Fund invests and focuses on current and potential future cash flow generation of the company. The Advisor may sell an investment when it determines that the price of a security is greater than its value or when it identifies better investment opportunities for the Fund.

The Advisor seeks to invest in companies that operate with integrity in relation to all stakeholders (stockholder, employees, customers, community, and the environment). Preference in the Funds portfolio will be given to companies that, in the Advisors opinion, demonstrate integrity (a high regard for life, family values, liberty, and stewardship). As determined by the Advisor, integrity is demonstrated by engaging in business activities including, but not limited to the following: Stockholders strong stewardship of capital & authority (such as returning capital to shareholders (dividends & prudent stock buybacks), wise acquisitions, prudent balance sheet, reasonable executive compensation) Employees treating them ethically and providing opportunities for growth & enhancement (such as providing proper training) Customers treating them ethically and providing products or services that do not harm or take advantage of those who are vulnerable Community and Environment treating them ethically and seeking to have a positive & supportive impact.

The Advisor believes there are certain business activities that violate these principles, and companies that engage in these business activities are excluded from the Funds portfolio. These business activities include, but are not be limited to: Abortion: manufacturing of emergency contraceptives or abortifacients (i.e., drugs or devices used to cause an abortion), being a medical facility that performs elective abortions, and insuring elective abortions regardless of whether these activities are primary business activities Pornography: producing pornography or operating adult clubs, intentionally distributing pornography as a primary business activity Gambling: manufacturing gambling or gaming devices as a primary business activity Tobacco: producing or distributing tobacco products as a primary business activity Financial Usury: auto title lending, check cashing, pay day lending, refund anticipation lending, and renting-to-own as a primary business activity The Advisor defines a primary business activity as one from which 5% or more of a companys revenue is derived.

CEXAX Costs and Fees

CEXAX costs about $361 per $10,000 invested per year in fund expenses.

• Net expense ratio: 3.61%
• Gross expense ratio: 4.65%
• Portfolio turnover: 79%
• Brokerage commissions: 4.60 bps of average net assets (SEC N-CEN)

CEXAX Cashflows

Over the 12 months to 2020-06, Camelot Excalibur Small Cap Income Fund had net inflows of $4.52M, from monthly SEC N-PORT filings.

CEXAX Debt Constituents

No individual debt constituents are reported in Camelot Excalibur Small Cap Income Fund's latest SEC N-PORT filing.

CEXAX Prospectus and SEC Filings

Official Camelot Excalibur Small Cap Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2020-02-07
• Prospectus (485BPOS) — filed 2019-02-05
• Prospectus (485BPOS) — filed 2018-02-05
• Portfolio holdings (N-PORT) — filed 2020-08-28
• Portfolio holdings (N-PORT) — filed 2020-06-01
• Annual census (N-CEN) — filed 2019-12-13
• Annual census (N-CEN) — filed 2018-12-14

Related Funds

Other Emerging Markets Small Cap Blend / Core Equity funds tracked on ABC INVEST:

• Fidelity China Region Fund (FHKCX)
• Spdr® S&p® Emerging Markets Small Cap ETF (EWX)
• Hartford Emerging Markets Equity Fund (HERIX)
• iShares MSCI India Small-Cap ETF (SMIN)
• Matthews China Fund (MCHFX)

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.