OIPCX — Catalyst IPOx Allocation Fund
Data updated: 2020-05-28
OIPCX — Catalyst IPOx Allocation Fund. United States Growth Equity · $2.13M AUM · 2.24% expense ratio. Holdings, fees, performance and SEC filings.
OIPCX Fund Overview
OIPCX — Catalyst IPOx Allocation Fund is a US mutual fund managed by Mutual Fund Series Trust, categorised as United States Growth 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 Growth Equity
- Assets under management: $2.13M
- Ticker: OIPCX
- SEC CIK: 0001355064
- SEC series ID: S000050258
- Share class ID: C000158686
OIPCX Investment Objective and Strategy
Catalyst IPOx Allocation 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 of capital appreciation by investing at least 80% of its net assets (plus borrowings, if any) in the common stocks of companies listed on the IPOX U.S. 100 Index (Index) and newly listed initial public offerings of U.S. companies. The stocks may be purchased at the time of the offering or in post-IPO trading (IPOs). The Fund may invest in the securities of a company without regards to market capitalization. The Funds strategy aims to achieve capital appreciation over the long-term. The Funds portfolio has two components; the Core Long Component and the Dynamic Component, each utilize a distinct investment strategy. Core Long Component. The Funds investment advisor, Catalyst Capital Advisors LLC (Catalyst or the Advisor) will invest the assets allocated Core Long component so as to replicate the Index.
The Index is a value-weighted price index measuring the performance of the top 100 companies ranked quarterly by market capitalization in the IPOX U.S. Composite Index. The index includes the largest IPOs and companies with a substantial increase in value since their floatation. The IPOX U.S. Composite is a fully market-cap-weighted, all-cap momentum based portfolio that measures the performance of IPOs and spin-offs listed in the United States for the first four publicly traded years. Eligible companies enter on their 6th trading day and exit 1000 trading days (four years) thereafter, providing a buy-and-hold perspective to the going public event. The portfolio currently captures 759 companies with an underlying total market cap of $1.9 trillion. The Advisor will seek to replicate the IPOX U.S.
100 Index by investing this portion of the portfolio in the IPOs that make up in the Index in approximately the same proportion as its weighting in the Index. Dynamic Component. The Advisor will invest the Dynamic Component assets in approximately 30 to 70 IPOs that are not included in the Index. Companies eligible for purchase for Dynamic Component of the Funds portfolio enter on the date of their initial public offering and exit one month thereafter. The Fund may make additional investments in these IPOs after the one month period has ended if the Fund invested in that IPO during the initial period. The Advisor has broad discretion to purchase IPOs at the time of their initial offering and in post-IPO trading and will invest in those securities in which it believes are valued attractively relative to their price to sales multiple.
The Fund is classified as non-diversified for purposes of the Investment Company Act of 1940, as amended (the 1940 Act), which means that it is not limited by the 1940 Act with regard to the portion of its assets that may be invested in the securities of a single issuer. The Fund actively trades its portfolio, which may lead to higher transaction costs that may affect Fund performance.
OIPCX Costs and Fees
OIPCX costs about $224 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.24%
- Gross expense ratio: 5.33%
- Portfolio turnover: 137%
- Brokerage commissions: 10.17 bps of average net assets (SEC N-CEN)
OIPCX Cashflows
Over the 12 months to 2020-03, Catalyst IPOx Allocation Fund had net inflows of $5.21M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-03 | $1.21M |
| 2020-02 | $279.20K |
| 2020-01 | $1.56M |
| 2019-12 | $300.75K |
| 2019-11 | $421.30K |
| 2019-10 | $425.44K |
OIPCX Debt Constituents
No individual debt constituents are reported in Catalyst IPOx Allocation Fund's latest SEC N-PORT filing.
OIPCX Prospectus and SEC Filings
Official Catalyst IPOx Allocation Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2019-11-07
- Prospectus (485BPOS) — filed 2017-11-07
- Prospectus supplement (497) — filed 2018-11-15
- Portfolio holdings (N-PORT) — filed 2020-05-28
- Portfolio holdings (N-PORT) — filed 2020-02-28
- Portfolio holdings (N-PORT) — filed 2019-11-27
- Annual census (N-CEN) — filed 2019-09-13
- Annual census, amended (N-CEN/A) — filed 2018-11-05
Related Funds
Other United States Growth 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.