IIXIX
Catalyst Insider Income Fund
MUTUAL FUND SERIES TRUST
Expense ratio1
0.76%
Net assets2
$66.06M
Holdings2
27
Category
Taxable Bond
2025 return3
5.49%

Investment objective & strategy

As of Nov. 5, 2025 · prospectus

Objective. The Fund?s investment objective is current income.

Strategy. The Fund seeks to achieve its investment objective by investing primarily in short-term U.S. corporate bonds issued by companies, including real estate investment trusts (?REITs?), whose executives are purchasing shares of the company?s common stock. The Fund may invest in corporate bonds, including convertible bonds, of any credit quality (including ?junk? bonds), effective maturity or average modified duration, but intends to hold a majority of the portfolio in investment grade corporate bonds (rated BBB or higher by S&P Global Ratings or the equivalent by another nationally recognized statistical ratings organization) with an average effective maturity of less than four years and an average duration of less than three and a half years. The Advisor uses public information that is filed … The Fund seeks to achieve its investment objective by investing primarily in short-term U.S. corporate bonds issued by companies, including real estate investment trusts (?REITs?), whose executives are purchasing shares of the company?s common stock. The Fund may invest in corporate bonds, including convertible bonds, of any credit quality (including ?junk? bonds), effective maturity or average modified duration, but intends to hold a majority of the portfolio in investment grade corporate bonds (rated BBB or higher by S&P Global Ratings or the equivalent by another nationally recognized statistical ratings organization) with an average effective maturity of less than four years and an average duration of less than three and a half years. The Advisor uses public information that is filed with the Securities and Exchange Commission (?SEC?) on corporate insider buying activity for its investment decisions. The Advisor?s research and quantitative back-testing of insider trading data over long periods of time has resulted in the development of a proprietary method of analyzing insider trading activity that it believes has the potential to substantially reduce the likelihood of bankruptcy. The underlying thesis is that corporate insiders know more about the prospects of the company than anybody else and would not take a stake in the equity of their company if the company were in jeopardy of declaring bankruptcy. The Advisor?s investment process focuses on insider identities (position in the company), motivations, insider trading trends, trading volumes, firm size, and other factors to select what the Advisor believes to be the most significant insider buying signals the signals that are historically associated with companies that have avoided bankruptcy. Corporate bonds meeting the insider activity screen criterion are analyzed and selected in an attempt to establish a portfolio with the target credit quality, duration, maturity, and SEC yield ( i.e. , the income generated by a bond fund over a 30-day period after accounting for expenses). The Advisor generally intends to hold bonds to maturity, but positions may be sold if insider trading trends reverse in a manner the Advisor believes to be significant, or if the Advisor believes the bonds no longer offer favorable risk-adjusted return potential. The Fund is classified as ?non-diversified? for purposes of the Investment Company Act of 1940, as amended (the ?1940 Act?), which means a relatively high percentage of the Fund?s assets may be invested in the securities of a limited number of companies that could be in the same or related economic sectors.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
RITM 8 04/01/29 144A RITM $4.91M 7.44%
HCA INC $4.00M 6.06%
AMBAC ASSURANCE CORP SUBORDINATED 144A 12/99 5.1 ABK $3.82M 5.78%
MAIN STREET CAPI $3.18M 4.81%
PMT 8.5 06/01/29 PMT $3.14M 4.75%
FORD MOTOR CO $3.13M 4.74%
IT 4.5 07/01/28 144A IT $2.95M 4.47%
TransDigm, Inc. $2.94M 4.45%
DKS 4 10/01/29 144A DKS $2.92M 4.42%
SUNOCO LP SR UNSECURED 144A 10/29 4.5 SUN $2.90M 4.39%
View all holdings →

Allocation by sector

As of March 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
8
Exited
5
Increased
5
Decreased
2
Unchanged
12

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

Similar funds

Funds whose portfolios most overlap this one, by weight
FundOverlapNet exp.
Rational Premium Income Fund · HRSAX, HRSTX, HRSFX 33% 2.04%
Catalyst Systematic High Income Fund · CWXAX, CWXCX, CWXIX 22% 2.06%
Rational Special Situations Income Fund · RFXIX, RFXAX, RFXCX 10% 1.77%
View all similar funds →

Footnotes

  1. Expense ratio as of November 5, 2025, from the fund's prospectus.
  2. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).

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