| Ticker | [table “63” does not have that cell /] |
| NAV | [table “63” does not have that cell /] |
| NAV Change | [table “63” does not have that cell /] |
| % NAV Change | [table “63” does not have that cell /] |
| YTD Return | [table “63” does not have that cell /] |
| Distribution Frequency | Annually |
| | Fact Sheet |
| - | Summary Prospectus |
 | Prospectus |
| - | SAI |
| | Annual Report |
| | Semi-Annual Report |
| | Fund Presentation |
| | Fund Brochure |
Financial Professional Documents
The Fund’s objective is long-term capital appreciation.
Multiple Levels of Diversification
The Fund implements a multi-system, multi-strategy approach diversified across strategies, sectors, markets (including global markets) and time frames.
Low Correlation
Historical returns exhibit low correlation to both the global equity markets and other alternative strategies.
Risk Management
An emphasis on risk management resulted in a +12.74% return in 2008 versus -37.00% for the S&P 500 TRIndex and a maximum peak-to-trough drawdown of 13.35% versus 50.95% for the S&P 500 TR Index.
Investment Advisor: Catalyst Capital Advisors LLC
Investment Trading Advisor: Caddo Capital Management
Charles Ashley | Portfolio Manager
Darren J. Kottle | Portfolio Manager
| Ticker | [table “63” does not have that cell /] | [table “64” does not have that cell /] | [table “65” does not have that cell /] | [table “64” does not have that cell /] |
|---|---|---|---|---|
| Share Class | Class I | Class A | Class C | Class A w/ Sales Load |
| CUSIP | [table “63” does not have that cell /] | [table “64” does not have that cell /] | [table “65” does not have that cell /] | [table “64” does not have that cell /] |
| Inception Date | [table “63” does not have that cell /] | [table “64” does not have that cell /] | [table “65” does not have that cell /] | [table “64” does not have that cell /] |
| As of Date | [table “63” does not have that cell /] | [table “64” does not have that cell /] | [table “65” does not have that cell /] | [table “64” does not have that cell /] |
| Daily NAV | [table “63” does not have that cell /] | [table “64” does not have that cell /] | [table “65” does not have that cell /] | [table “64” does not have that cell /] |
| NAV Change | [table “63” does not have that cell /] | [table “64” does not have that cell /] | [table “65” does not have that cell /] | [table “64” does not have that cell /] |
| % NAV Change | [table “63” does not have that cell /] | [table “64” does not have that cell /] | [table “65” does not have that cell /] | [table “64” does not have that cell /] |
| Share Class | 1 Month | 3 Months | 6 Months | YTD | 1 Year | 3 Years | 5 Years | 10 Years | Since Inception |
|---|---|---|---|---|---|---|---|---|---|
| Class I | [table “63” does not have that cell /] | [table “63” does not have that cell /] | [table “63” does not have that cell /] | [table “63” does not have that cell /] | [table “63” does not have that cell /] | [table “63” does not have that cell /] | [table “63” does not have that cell /] | [table “63” does not have that cell /] | [table “63” does not have that cell /] |
| Class A | [table “64” does not have that cell /] | [table “64” does not have that cell /] | [table “64” does not have that cell /] | [table “64” does not have that cell /] | [table “64” does not have that cell /] | [table “64” does not have that cell /] | [table “64” does not have that cell /] | [table “64” does not have that cell /] | [table “64” does not have that cell /] |
| Class C | [table “65” does not have that cell /] | [table “65” does not have that cell /] | [table “65” does not have that cell /] | [table “65” does not have that cell /] | [table “65” does not have that cell /] | [table “65” does not have that cell /] | [table “65” does not have that cell /] | [table “65” does not have that cell /] | [table “65” does not have that cell /] |
| Class A w/ Sales Charge | [table “64” does not have that cell /] | [table “64” does not have that cell /] | [table “64” does not have that cell /] | [table “64” does not have that cell /] | [table “64” does not have that cell /] | [table “64” does not have that cell /] | [table “64” does not have that cell /] | [table “64” does not have that cell /] | [table “64” does not have that cell /] |
| Share Class | 1 Month | 3 Months | 6 Months | YTD | 1 Year | 3 Years | 5 Years | 10 Years | Since Inception |
|---|---|---|---|---|---|---|---|---|---|
| Class I | [table “63” does not have that cell /] | [table “63” does not have that cell /] | [table “63” does not have that cell /] | [table “63” does not have that cell /] | [table “63” does not have that cell /] | [table “63” does not have that cell /] | [table “63” does not have that cell /] | [table “63” does not have that cell /] | [table “63” does not have that cell /] |
| Class A | [table “64” does not have that cell /] | [table “64” does not have that cell /] | [table “64” does not have that cell /] | [table “64” does not have that cell /] | [table “64” does not have that cell /] | [table “64” does not have that cell /] | [table “64” does not have that cell /] | [table “64” does not have that cell /] | [table “64” does not have that cell /] |
| Class C | [table “65” does not have that cell /] | [table “65” does not have that cell /] | [table “65” does not have that cell /] | [table “65” does not have that cell /] | [table “65” does not have that cell /] | [table “65” does not have that cell /] | [table “65” does not have that cell /] | [table “65” does not have that cell /] | [table “65” does not have that cell /] |
| Class A w/ Sales Charge | [table “64” does not have that cell /] | [table “64” does not have that cell /] | [table “64” does not have that cell /] | [table “64” does not have that cell /] | [table “64” does not have that cell /] | [table “64” does not have that cell /] | [table “64” does not have that cell /] | [table “64” does not have that cell /] | [table “64” does not have that cell /] |
The Fund’s maximum sales charge for Class “A” shares is 5.75%. Investments in mutual funds involve risks. Performance is historic and does not guarantee future results. Investment return and principal value will fluctuate with changing market conditions so that when redeemed, shares may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain the most recent month end performance information or the Fund’s prospectus please call the Fund, toll free at 1-866-447-4228. You can also obtain a prospectus at www.CatalystMF.com.
| Share Class | Class I | Class A | Class C | Class A w/ Sales Charge |
|---|---|---|---|---|
| Prospectus Gross Expense Ratio (11/1/2020) | 5.01% | 5.26% | 6.01% | 5.26% |
| Prospectus Net Expense Ratio (11/1/2020) | 2.20% | 2.45% | 3.20% | 2.45% |
| Annual Report Net Expense Ratio (6/30/2020)* | 2.04% | 2.29% | 3.04% | 2.29% |
*The annual report presents the audited actual expenses of the fund for the fiscal year. It excludes the impact of certain items that are listed as prospectus expenses, such as acquired fund fees and expenses.
The Advisor has contractually agreed to waive fees and/or reimburse expenses of the Fund to the extent necessary to limit total annual fund operating expenses (excluding brokerage costs; underlying fund expenses; borrowing costs, such as (a), interest and (b) dividends on securities sold short; taxes and, extraordinary expenses, such as regulatory inquiry and litigation expenses) at 2.27%, 3.02% and 2.02% for Class A shares, Class C shares and Class I shares, respectively, through October 31, 2021.
There is no assurance that the Fund will achieve its investment objective.
Investing in the Fund carries certain risks. The Fund will invest a percentage of its assets in derivatives, such as futures and options contracts. The use of such derivatives and the resulting high portfolio turn-over may expose the Fund to additional risks that it would not be subject to if it invested directly in the securities and commodities underlying those derivatives. The Fund may experience losses that exceed those experienced by funds that do not use futures contracts, options and hedging strategies. Investing in commodities markets may subject the Fund to greater volatility than investments in traditional securities. Currency trading risks include market risk, credit risk and country risk. Foreign investing involves risks not typically associated with U.S. investments. Changes in interest rates and the liquidity of certain investments could affect the Fund’s overall performance. The Fund is non-diversified and as a result, changes in the value of a single security may have significant effect on the Fund’s value. Other risks include U.S. Government securities risks and investments in fixed income securities. Typically, a rise in interest rates causes a decline in the value of fixed income securities or derivatives owned by the Fund. Furthermore, the use of leveraging can magnify the potential for gain or loss and amplify the effects of market volatility on the Fund’s share price. The Fund is subject to regulatory change and tax risks; changes to current rules could increase costs associated with an investment in the Fund. These factors may affect the value of your investment.
Like an open-end investment company (mutual fund), the value of an ETF can fluctuate based on the prices of the securities owned by the ETF, and ETFs are also subject to the following additional risks: (i) the ETF’s market price may be less than its net asset value; (ii) an active market for the ETF may not develop; and (iii) market trading in the ETF may be halted under certain circumstances. These factors may affect the value of your investment.
Performance shown before August 13, 2015 is for the Fund's predecessor limited liability company (Auctos Global Diversified Fund, LLC). The prior performance is net of management fees and other expenses including the effect of the performance fee. The Fund has been managed in the same style and by the same portfolio manager since the predecessor limited liability company's inception on October 31, 2007. The Fund's investment goals, policies, guidelines and restrictions are, in all material respects, equivalent to the predecessor limited liability company's investment goals, policies, guidelines and restrictions. From its inception through August 13, 2015, the predecessor limited liability company was not subject to certain investment restrictions, diversification requirements and other restrictions of the 1940 Act of the Code, which if they had been applicable, might have adversely affected its performance. In addition, the predecessor limited partnership was not subject to sales loads that would have adversely affected performance. Performance of the predecessor fund is not an indicator of future results.
7083-NLD-9/4/2019
