CFHAX — Catalyst Hedged Commodity Strategy Fund
Data updated: 2025-02-28
CFHAX — Catalyst Hedged Commodity Strategy Fund. Commodity · $8.47M AUM · 2.26% expense ratio · 1.2% 1-yr return. Holdings, fees, performance and SEC filings.
CFHAX Fund Overview
CFHAX — Catalyst Hedged Commodity Strategy Fund is a US mutual fund managed by Mutual Fund Series Trust, categorised as Commodity. 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: Commodity
- Assets under management: $8.47M
- 1-year return: 1.2%
- Ticker: CFHAX
- SEC CIK: 0001355064
- SEC series ID: S000050259
- Share class ID: C000158688
CFHAX Investment Objective and Strategy
Catalyst Hedged Commodity 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 capital appreciation uncorrelated to global equity or commodity markets.
Principal investment strategy
Under normal circumstances the Fund invests primarily in (i) call and put options on physical commodity futures contracts and (ii) directly or indirectly, through affiliated and unaffiliated funds, in cash and cash equivalents, including affiliated and unaffiliated money market funds, and other liquid investments (investment grade short and mid-term fixed income securities, including U.S. government securities and corporate bonds). The Fund may take long or short positions in the options. The Funds investments in options on futures contracts will be across various commodity sectors including, but not limited to, agricultural products, energy and metals. The Fund can also invest in options on commodity related (i) exchange traded products (ETPs), (ii) master limited partnerships (MLPs) and (iii) equities.
Option positions will typically be held for under one year. The Fund seeks to achieve its investment objective by buying and selling options and option spreads on commodity futures and futures on equity indexes. The Funds strategy aims to achieve capital appreciation over the long-term. Option spreads are a type of option that derives its value from the difference between the prices of two or more assets. By trading options and options spreads, the Fund seeks to profit in three ways: (1) volatility trading market prices of options are highly dependent on anticipated volatility of the underlying commodity futures. The Fund will purchase or sell options positions intended to hedge or profit from either an increase or a decrease in commodity volatility; (2) trend following under certain conditions, the Fund may purchase or sell positions that will profit from an established price trend; and (3) premium collection - this technique yields profits as sold options value decline over time.
The Fund makes a profit when sold options are repurchased at a reduced value, or when they expire worthless, allowing retention of the original sales proceeds. The Fund may also supplement returns with dividend income. The strategy is intended to produce returns that are not highly positively correlated with global equity or commodity market returns. The Funds sector allocations are based on option volatility pricing, seasonal dynamics and technical indicators. The Advisor places a strong focus on risk management that is intended to provide consistency of returns and to mitigate the extent of losses. Positions are entered on an ongoing basis across different option exercise prices and expiration months. Supported by options analysis software, the Advisor employs risk management procedures to adjust portfolio exposure as necessitated by changing market conditions in order to attempt to hedge the Funds portfolio.
The Fund also seeks to achieve its investment objective by investing in loans to consumers, small- and mid-sized companies, and other borrowers originated through online platforms that provide a marketplace for lending (Marketplace Loans). These investments in Marketplace Loans will be made only indirectly through other investment companies, such as closed-end funds and private funds. These Marketplace Loans are generally not rated by the nationally recognized statistical rating organizations and could constitute a highly risky and speculative investment. The Marketplace Loans in which the Fund may invest may have varying degrees of credit risk and the Fund will not be restricted by any borrower credit criteria or credit risk limitation. Certain of the Funds investments may have legal or contractual restrictions on resale or are otherwise illiquid (Illiquid Securities).
The Fund may invest up to 15% of the Funds net assets in these Illiquid Securities. The Fund actively trades its portfolio investments, which may lead to higher transaction costs that may affect the Funds performance. In addition, active trading of options and other portfolio investments may lead to higher taxes if Fund shares are held in a taxable account. The Advisor 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 options on commodities futures contracts and short term treasuries. The Subsidiary is subject to the same investment restrictions as the Fund, when viewed on a consolidated basis. Exchange-traded options on broad-based commodities that trade on a national securities exchange registered with the SEC, or a domestic board of trade designated as a contract market by the Commodity Futures Trading Commission, generally qualify for treatment as section 1256 contracts, as defined in the Internal Revenue Code of 1986, as amended (the Code).
Under the Code, capital gains and losses on section 1256 contracts are generally recognized annually based on a marking-to-market of open positions at tax year-end, with gains or losses treated as 60% long-term and 40% short-term, regardless of holding period. The Fund intends to utilize primarily options that are section 1256 contracts.
CFHAX Holdings
Top 10 holdings of Catalyst Hedged Commodity Strategy Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| First American Funds Inc. | 13.47% |
| United States Treasury Notes | 10.24% |
| United States Treasury Notes | 10.20% |
| United States Treasury Notes | 10.13% |
| CME Group Inc. | 1.82% |
| Gladstone Land Corp. | 1.75% |
| Intercontinental Exchange Inc | 1.69% |
| Farmland Partners Inc | 1.62% |
| Cboe Global Markets Inc | 1.45% |
| Ice Futures U.s. | 1.11% |
CFHAX Portfolio Allocation
Asset-class allocation of Catalyst Hedged Commodity Strategy Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 46.0% |
| Fixed Income | 30.6% |
| Cash & Equivalents | 13.5% |
| Derivatives | 1.7% |
CFHAX Performance
Total returns for CFHAX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 1.2% |
| 3 years (annualised) | 3.5% |
| 5 years (annualised) | -0.2% |
CFHAX Risk Information
Risk metrics for CFHAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.1%
CFHAX Costs and Fees
CFHAX costs about $226 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.26%
- Gross expense ratio: 4.07%
- Portfolio turnover: 112%
- Brokerage commissions: 5.04 bps of average net assets (SEC N-CEN)
CFHAX Cashflows
Over the 12 months to 2024-12, Catalyst Hedged Commodity Strategy Fund had net outflows of $1.78M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-12 | $170.59K |
| 2024-11 | −$167.14K |
| 2024-10 | −$153.47K |
| 2024-09 | −$649.30K |
| 2024-08 | −$253.40K |
| 2024-07 | −$129.98K |
CFHAX Debt Constituents
Largest debt holdings of Catalyst Hedged Commodity Strategy Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Treasury Notes | 10.24% |
| United States Treasury Notes | 10.20% |
| United States Treasury Notes | 10.13% |
CFHAX Prospectus and SEC Filings
Official Catalyst Hedged Commodity Strategy Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-10-25
- Prospectus (485BPOS) — filed 2023-10-25
- Prospectus (485BPOS) — filed 2022-10-28
- Portfolio holdings (N-PORT) — filed 2025-02-28
- Portfolio holdings (N-PORT) — filed 2024-11-27
- Portfolio holdings (N-PORT) — filed 2024-08-28
- Annual census (N-CEN) — filed 2024-09-13
- Annual census (N-CEN) — filed 2023-09-13
Related Funds
Other Commodity 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.