Catalyst/CIFC Floating Rate Income Fund Class I
CFRIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- Omaha, NE 68130 Omaha NE United States of America 68130
- IPO Date
- Jan 2, 2013
- CIK
- 0001355064
- Website
- catalystmf.com
- Similar Companies
- Business
- Catalyst/CIFC Senior Secured Income Fund Class I (CFRIX) is a mutual fund that seeks current income through investments primarily in senior floating rate bank loans and other adjustable rate securities. The Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in U.S. dollar-denominated senior secured debt instruments, including floating rate loans secured by liens on borrowers' assets, which offer priority in the capital structure over subordinate debt or equity; it may also allocate to high-yield bonds, non-U.S. bonds, cash equivalents, and other floating-rate instruments to manage duration risk and pursue attractive yields via a disciplined, research-intensive selection process. Share classes include Class I (CFRIX, CUSIP 62827M888), Class A (CFRAX), Class C (CFRCX), and Class C1 (CFRFX), with net expense ratios as low as 0.90% for Class I after waivers (through October 31, 2026); the Fund targets institutional and retail investors seeking high current income with limited interest rate sensitivity. Launched on December 31, 2012, and domiciled in the United States, the Fund is advised by Catalyst Capital Advisors LLC and sub-advised by CIFC Investment Management LLC since August 1, 2018, with portfolio management led by Stan Sokolowski and Rick Lam, CFA; it operates within the bank loan segment of the fixed income market, focusing on U.S. and non-U.S. issuers across diversified industries. Assets under management total approximately $690 million, with Class I shares comprising the majority at $571 million as of late 2025. The Fund distributes income monthly, with recent per-share payouts for CFRIX ranging from $0.0398 to $0.0566, supported by SEC yields around 6-7%. Recent developments include the extension of contractual expense caps through October 31, 2026, maintaining Class I net operating expenses at 0.90%, alongside updated prospectus gross expense ratios effective November 1, 2025 (1.26% for Class I); the introduction of Class C1 shares (CFRFX) in November 2022 expanded share class offerings for broader investor access. The sub-advisory relationship with CIFC, initiated in 2018, continues to underpin the Fund's credit underwriting and portfolio management, with no major acquisitions, funding rounds, or strategic shifts reported in the last 1-2 years. Performance as of December 2025 shows Class I year-to-date returns of 5.68% and 1-year returns of 6.04%, reflecting resilient income generation amid variable rate adjustments.