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Morningstar

Catalyst/CIFC Floating Rate Income A CFRAX

Morningstar Medalist Rating
Medalist Rating as of | See Catalyst Investment Hub
  • NAV / 1-Day Return 9.27  /  +0.13 %
  • Total Assets 417.6 Mil
  • Adj. Expense Ratio
    1.180%
  • Expense Ratio 1.180%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 8.41%
  • Effective Duration —

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:14 PM GMT+0

Morningstar’s Analysis CFRAX

Will CFRAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CFRAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the CFRAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of CFRAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Catalyst/ CIFC Floating Rate Income A's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings CFRAX

More CFRAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 11.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

First American Treasury Obligs X

11.07 39.8 Mil
Cash and Equivalents

Invesco Senior Loan ETF

1.39 5.0 Mil
—

Verscend Holding Corporation Floating Rate Due 08/27/2025

1.32 4.7 Mil
Corporate

Aretec Group Inc. Floating Rate Due 03/08/2030

1.31 4.7 Mil
Corporate

SPDR Blackstone Senior Loan ETF

1.30 4.7 Mil
—

Central Parent Inc. Floating Rate Due 07/06/2029

1.14 4.1 Mil
Corporate

Nomad Foods Us Llc Floating Rate Due 11/08/2029

1.12 4.0 Mil
Corporate

Lifepoint Health Inc. Floating Rate Due 11/16/2028

1.10 4.0 Mil
Corporate

Prairie Eci Acquiror L.P. Floating Rate Due 03/07/2026

1.07 3.8 Mil
Corporate

First Brands Group Llc Floating Rate Due 03/24/2027

1.04 3.7 Mil
Corporate