Fund Evaluator:
Catalyst/MAP Global Balanced C (TRXCX)
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Best Performing in Global Moderate Allocation Over the Last Year
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Fund Details
Catalyst/MAP Global Balanced C Overview
Catalyst/MAP Global Balanced C (TRXCX) is an actively managed Allocation Global Moderate Allocation fund. Catalyst Mutual Funds launched the fund in 2011.
The investment seeks total return, which consists of current income and capital appreciation. The fund invests primarily in a broad range of domestic and international, including emerging markets, fixed income and equity securities. It invests at least 25% of its assets in fixed income securities and at least 25% of its assets in equity securities. Fixed income securities include interest-paying bonds and convertible bonds. Equity securities include common stock, preferred stock and options on those securities.
About Catalyst/MAP Global Balanced C (TRXCX)
There are 4 members of the management team with an average tenure of 11.39 years: Michael Dzialo (2011), Peter Swan (2011), Karen Culver (2012), Zachary Fellows (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI ACWI GR USD index with a weighting of 100% and MSCI ACWI Value GR USD index with a weighting of 100%. Catalyst/MAP Global Balanced C has 71 securities in its portfolio. The top 10 holdings constitute 32.3% 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/MAP Global Balanced C is part of the Allocation global asset class and is within the Allocation fund group. Catalyst/MAP Global Balanced C has 36.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 30.0%. There is 23.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 33.0% (20.0% domestic bond, 13.0% foreign bond and 0.0% convertible bond). Catalyst/MAP Global Balanced C has 8.9% of the portfolio in cash.
Assets Under Management
The fund has $4 million in total assets, which is below the $947 million average for the Global Moderate Allocation 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.
TRXCX 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/MAP Global Balanced C expense ratio is high compared to funds in the Global Moderate Allocation category. Catalyst/MAP Global Balanced C has an expense ratio of 1.98%, which is 90% higher than its category average, making the fund expense ratio grade a F. 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/MAP Global Balanced C has a portfolio turnover rate of 60%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 64% for the Global Moderate Allocation category.
Recently, in the month of July 2026, Catalyst/MAP Global Balanced C returned -0.5%, which earned it a grade of D, as the Global Moderate Allocation category had an average return of 0.3%. 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/MAP Global Balanced C has a trailing yield of 1.48%, which is below the 2.61% category average. The fund normally distributes its income quarterly and its capital gains annually.
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/MAP Global Balanced C Grades
Year to date, the fund has returned 5.5%, 2.7 percentage points worse than the category, which translates into a grade of F. The fund has returned 11.4% over the past year (grade of F), 8.1% over the past three years (grade of F) and 4.5% per year over the past five years (grade of F) and 4.8% per year over the past 10 years (grade of F).
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TRXCX 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 |
|
| TRXCX Return (NAV) | -0.5% | 0.9% | 11.4% | 8.1% | 4.5% | 4.8% |
| TRXCX Grade | D | F | F | F | F | F |
| +/- Category | -0.8% | -1.2% | -4.6% | -3.8% | -1.7% | -2.5% |
| Global Moderate Allocation Avg | 0.3% | 2.1% | 16.0% | 11.9% | 6.2% | 7.3% |
| TRXCX Tax Cost Ratio | na | na | 0.6% | 1.2% | 1.2% | 1.1% |
TRXCX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TRXCX Return (NAV) | 5.5% | 15.3% | 3.8% | 4.5% | -8.1% | 8.8% | 2.8% | 10.8% | -4.0% | 10.3% | 4.0% |
| TRXCX Grade | F | C | F | F | A | F | F | F | A | F | F |
| +/- Category | -2.7% | -0.8% | -4.7% | -7.8% | 5.3% | -2.8% | -6.9% | -6.9% | 3.1% | -3.7% | -2.7% |
| Global Moderate Allocation Avg | 8.1% | 16.1% | 8.4% | 12.2% | -13.4% | 11.6% | 9.8% | 17.7% | -7.1% | 14.0% | 6.6% |
| Risk Measures | |
| Standard Deviation: | 6.1% |
| Total Risk Index: | 0.50 - Below Average |
| Category Risk Index: | 0.66 - Low |
| Category Risk Grade: | A (1% Rank) |
| Beta: | 0.55 |
| R-Squared: | 72% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.5% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $14 Mil |
| Fund Total Assets: | $ 4 Mil |
| Share Class Type: | C |
| Portfolio Turnover: | 60% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 15.0 years | |||
| Average Tenure: 11.4 years | |||
| Managers (Year): Dzialo Michael (2011), Swan Peter (2011), Culver Karen (2012), Fellows Zachary (2024) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 71 |
| % in Top 10 Holdings: | 32.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 36.2% |
Portfolio Allocation |
|
| Domestic Stock: | 30.0% |
| Foreign Stock: | 23.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 20.0% |
| Foreign Bond: | 13.0% |
| Convertible Bond: | 0.0% |
| Other: | 5.0% |
| Cash: | 8.9% |
Purchase Information
| Fund Family: | Catalyst Mutual Funds |
| Phone Number: | 866-447-4228 |
| Website: | www.CatalystMutualFunds.com |
| Status: | Open |
| Inception Date: | July 29, 2011 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $2,500 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 1.00% |
Expenses and Fees | |
| Expense Ratio (%): | 1.98% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.04% |
| Share Class: | Catalyst/MAP Global Balanced A |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 50 |
