# Catalyst/CIFC Senior Secured Income I (CFRIX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/cfrix for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Catalyst · Asset class: — - Strategy: Thematic · Inception: 2012-12-31 Under typical market conditions, this fund commits at least 80% of its net assets (including any borrowed funds for investment) to U.S. dollar-denominated financial instruments that feature adjustable interest rates. These primarily consist of secured loans with variable rates and other types of floating-rate debt instruments. Such investments include, but are not limited to, floating-rate bonds, notes, and debentures, as well as segments of floating-rate asset-backed securities, including structured notes. These holdings are made with, or issued by, corporations and other commercial entiti... ## Key Facts | Metric | Value | |---|---| | Price | $8.93 | | Expense Ratio | 0.00% | | Assets Under Management | $678.1M | | NAV | $8.95 | | Holdings Count | 0 | | Distribution Yield (TTM) | 6.59% | | Annual Distribution (TTM) | $0.59 /share | | Distribution Frequency | Monthly | | 52-Week Range | $8.93 – $9.22 | | Beta | 0.02 | ## Latest Distribution - Amount: $0.0487 /share - Ex-date: 2026-09-30 - Pay date: 2026-10-01 ## Frequently Asked Questions ### What does CFRIX invest in? Under typical market conditions, this fund commits at least 80% of its net assets (including any borrowed funds for investment) to U.S. dollar-denominated financial instruments that feature adjustable interest rates. These primarily consist of secured loans with variable rates and other types of floating-rate debt instruments. Such investments include, but are not limited to, floating-rate bonds, notes, and debentures, as well as segments of floating-rate asset-backed securities, including structured notes. These holdings are made with, or issued by, corporations and other commercial entities located both within and outside the United States. Additionally, the fund may allocate capital to other collective investment vehicles (such as exchange-traded funds) that principally invest in floating-rate assets. ### What is the expense ratio of CFRIX? Catalyst/CIFC Senior Secured Income I (CFRIX) charges an expense ratio of 0.00%. This is the annual fee deducted from fund assets to cover management and operations. ### What is CFRIX's dividend yield? CFRIX's trailing-twelve-month yield is 6.59%, calculated from the sum of dividends over the past year divided by the current price. ### How big is CFRIX? Catalyst/CIFC Senior Secured Income I (CFRIX) manages $678.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is CFRIX actively managed or an index fund? CFRIX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was CFRIX launched? Catalyst/CIFC Senior Secured Income I (CFRIX) launched in December 2012 and is managed by Catalyst. ### Does CFRIX pay a dividend? Yes, Catalyst/CIFC Senior Secured Income I (CFRIX) distributes dividends to shareholders. The trailing-twelve-month yield is 6.59%. Full dividend history is on this page. ### How often does CFRIX pay dividends? Catalyst/CIFC Senior Secured Income I pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is CFRIX's next ex-dividend date? The most recently announced ex-dividend date for CFRIX was 2026-09-30. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will CFRIX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.00% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does CFRIX charge its expense ratio? The expense ratio is deducted in tiny daily slices from CFRIX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does CFRIX cost more than a fund like VOO? CFRIX's strategy (current expense ratio 0.00%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where CFRIX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to CFRIX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as CFRIX (0.00%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/cfrix - Distribution history: https://www.dividenddata.com/funds/cfrix/dividend - Holdings & diversification: https://www.dividenddata.com/funds/cfrix/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/cfrix/expenses - Peer comparison: https://www.dividenddata.com/funds/cfrix/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.