Fund Evaluator:
Catalyst Enhanced Income Strategy I (EIXIX)
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Fund Details
Catalyst Enhanced Income Strategy I Overview
Catalyst Enhanced Income Strategy I (EIXIX) is an actively managed Taxable Bond Nontraditional Bond fund. Catalyst Mutual Funds launched the fund in 2018.
The investment seeks current income. The fund seeks to achieve its investment objective by primarily investing in agency and non-agency commercial and residential mortgage backed securities ("MBS") and other fixed income asset-backed securities, including securities backed by aircraft, automobiles, credit card receivables, and student loans. It does not limit its investments to a particular credit quality and may invest in distressed asset backed securities and other below investment grade securities (commonly referred to as "junk") without limitation. The fund may hold up to 15% of its net assets in illiquid securities.
About Catalyst Enhanced Income Strategy I (EIXIX)
There are 2 members of the management team with an average tenure of 7.17 years: Leland Abrams (2018), Jui Chiew Tan (2019). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg US MBS TR USD index with a weighting of 100%. Catalyst Enhanced Income Strategy I has 89 securities in its portfolio. The top 10 holdings constitute 63.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Catalyst Enhanced Income Strategy I is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Catalyst Enhanced Income Strategy I has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 85.3% (85.3% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Catalyst Enhanced Income Strategy I has 14.8% of the portfolio in cash.
Assets Under Management
The fund has $18 million in total assets, which is below the $663 million average for the Nontraditional Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
EIXIX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Catalyst Enhanced Income Strategy I expense ratio is high compared to funds in the Nontraditional Bond category. Catalyst Enhanced Income Strategy I has an expense ratio of 1.51%, which is 7% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Catalyst Enhanced Income Strategy I has a portfolio turnover rate of 18%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 304% for the Nontraditional Bond category.
Recently, in the month of July 2026, Catalyst Enhanced Income Strategy I returned 0.3%, which earned it a grade of B, as the Nontraditional Bond category had an average return of -0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Catalyst Enhanced Income Strategy I has a trailing yield of 4.02%, which is below the 4.94% category average. The fund normally distributes its income monthly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Catalyst Enhanced Income Strategy I Grades
Year to date, the fund has returned -8.1%, 9.3 percentage points worse than the category, which translates into a grade of F. The fund has returned -13.0% over the past year (grade of F), -5.5% over the past three years (grade of F) and -4.7% per year over the past five years (grade of F).
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EIXIX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| EIXIX Return (NAV) | 0.3% | -5.5% | -13.0% | -5.5% | -4.7% | na |
| EIXIX Grade | B | F | F | F | F | na |
| +/- Category | 0.5% | -5.9% | -17.4% | -11.1% | -7.2% | na |
| Nontraditional Bond Avg | -0.2% | 0.4% | 4.4% | 5.6% | 2.5% | 3.1% |
| EIXIX Tax Cost Ratio | na | na | 1.5% | 2.9% | 2.9% | na |
EIXIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| EIXIX Return (NAV) | -8.1% | -8.2% | 0.9% | -2.1% | -6.8% | 4.5% | 6.2% | 17.0% | na | na | na |
| EIXIX Grade | F | F | F | F | C | A | B | A | na | na | na |
| +/- Category | -9.3% | -15.0% | -4.6% | -8.6% | -0.8% | 3.2% | 0.7% | 10.5% | na | na | na |
| Nontraditional Bond Avg | 1.2% | 6.8% | 5.4% | 6.5% | -6.1% | 1.3% | 5.4% | 6.5% | -0.8% | 4.1% | 6.4% |
| Risk Measures | |
| Standard Deviation: | 5.9% |
| Total Risk Index: | 0.48 - Below Average |
| Category Risk Index: | 1.65 - High |
| Category Risk Grade: | F (92% Rank) |
| Beta: | 0.55 |
| R-Squared: | 28% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 4.0% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | |
| Total Assets: | $24 Mil |
| Fund Total Assets: | $ 19 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 18% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 7.6 years | |||
| Average Tenure: 7.2 years | |||
| Managers (Year): Abrams Leland (2018), Tan Jui Chiew (2019) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 89 |
| % in Top 10 Holdings: | 63.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 85.3% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 14.8% |
Purchase Information
| Fund Family: | Catalyst Mutual Funds |
| Phone Number: | 866-447-4228 |
| Website: |
| Status: | Open |
| Inception Date: | December 31, 2018 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $2,500 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 1.51% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.42% |
| Share Class: | Catalyst Enhanced Income Strategy I |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 50 |
