Catalyst Energy Infrastructure Fund (MLXAX | MLXCX | MLXIX)
Income-Oriented Strategies · Midstream Energy · GP-Focused · 1099 Tax Treatment

Catalyst
Energy Infrastructure Fund

Publicly-listed equity securities of U.S. and Canadian companies generating a majority of their cash flow from midstream energy infrastructure activities — focused on GPs for preferential economics, greater control and faster growth.

NAV (MLXIX)
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YTD Return
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No Load
1-Year Return
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No Load
Since Inception
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MLXIX · Annualized

Fund Objective

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The Fund's objective is current income and capital appreciation.

Why Invest in MLX?

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The Catalyst Energy Infrastructure Fund invests in publicly-listed equity securities of U.S. and Canadian companies that generate a majority of their cash flow from midstream energy infrastructure activities.

Advantages Over Traditional MLPs
By focusing on GPs (General Partners), the Fund offers potential advantages over traditional MLPs, including preferential economics, greater control and faster growth. GPs receive incentive distribution rights that typically accelerate their share of cash distributions as an MLP grows its payouts.
Attractive Yield Potential
The Fund focuses on reliable distributions with growth prospects linked to midstream energy companies such as pipeline and storage businesses, which own and develop long-lived assets with recurring distributions and attractive growth prospects from the essential nature of energy infrastructure.
Long Track Record
In 2005, the Portfolio Manager seeded Alerian Capital Management — who developed the primary index for the sector — and has been investing in energy infrastructure ever since. This longstanding expertise in midstream energy represents over two decades of focused sector knowledge.
Preferential Tax Treatment
The Fund keeps MLP investments to less than 25% to avoid the corporate tax incurred by mutual funds and ETFs that invest primarily in MLPs. Fund investors will receive a 1099 — not a K-1 — simplifying tax filing. This structure provides midstream energy exposure with mutual fund tax efficiency.

Fund Performance

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Current Fund Performance · Loading…

Returns >1 year annualized. Without sales load. Source: Ultimus Fund Solutions.

Quarter-End Performance · Loading…

Quarter-end data. Returns >1 year annualized. Without sales load.

Quarterly Distributions

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Ticker Record Date Payable Date Distribution Amount Reinvest Price SEC Yield Unsubsidized SEC Yield

Effective March 2020, the Fund intends to maintain a target $0.10 monthly distribution on the Class C share such that the Class A and Class I share classes will typically have distributions equal to or greater than $0.10 per share. All or a portion of a distribution may consist of return of capital. No distribution amount is guaranteed.

Fund Overview

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Fund
Catalyst Energy Infrastructure Fund
All Classes Inception
12/22/2014
Total Net Assets
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MLXIX (Class I) NAV
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Min. Investment (Class I)
$2,500
Pricing Frequency
Daily
Distributions
Quarterly
Tax Form
1099 (Not K-1)
Investment Adviser
Catalyst Capital Advisors, LLC
Sub-Adviser
SL Advisors, LLC
Focus
Midstream Energy GPs & Infrastructure
Fund Type
Mutual Fund

Fund Documents

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Prospectus
PDF · Regulatory
Summary Prospectus
PDF · Regulatory
SAI
PDF · Regulatory
Fact Sheet
PDF · Marketing

Fund Management

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SL
Simon Lack, CFA
SL Advisors, LLC
Portfolio Manager
SA
SL Advisors, LLC
Sub-Adviser
Catalyst Capital Advisors · Adviser
AL
Alerian Capital Mgt.
Seeded by PM in 2005
Developed Primary MLP Sector Index
20
20+ Years Experience
Energy Infrastructure
Midstream · GP Focus · Since 2005

Fund Expenses

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Expense Item Class I (MLXIX) Class A (MLXAX) Class C (MLXCX)
Prospectus Gross Expense Ratio (11/1/2025)1.45%1.70%2.45%
Prospectus Net Expense Ratio (11/1/2025)1.43%1.68%2.43%
Annual Report Net Expense Ratio (6/30/2025)*1.43%1.68%2.43%

*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 advisory fees and/or reimburse expenses of the Fund to the extent necessary to limit total annual fund operating expenses (excluding brokerage costs; borrowing costs such as (a) interest and (b) dividends on securities sold short; taxes; underlying fund expenses; and extraordinary expenses, such as regulatory inquiry and litigation expenses) at 1.68%, 2.43% and 1.43% for Class A shares, Class C shares and Class I shares, respectively, through October 31, 2026.

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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.

All or a portion of a distribution may consist of a return of capital (i.e., from your original investment). Shareholders should not assume that the source of a distribution from the Fund is net profit. Shareholders should note that return of capital will reduce the tax basis of their shares and potentially increase the taxable gain, if any, upon disposition of their shares. No distribution amount is guaranteed.

There is no assurance that the Fund will achieve its investment objective. The Fund focuses its investments in the energy infrastructure sector, which may cause the performance of the Fund to be tied closely to developments in the energy sector. The Fund investments may include foreign securities. Investments in MLPs and MLP-related securities involve risks different from those of investing in common stocks. Potential risks include conflicts of interest between an MLP and the MLP's general partner, cash flow risks, and dilution risks. MLPs and MLP-related securities are generally considered interest-rate sensitive investments. Depending on the state of interest rates in general, the use of MLPs could enhance or harm the overall performance of the Fund. These factors may affect the value of your investment.

Glossary: SEC Yield: A standardized yield calculation created by the SEC that reflects the net income earned during a 30-day period. Record Date: The date established for the purpose of determining the holders who are entitled to receive a distribution. Payable Date: The date the distribution is scheduled to be paid.

Distributor: Catalyst & Systematic Funds, Ltd., member FINRA.