Catalyst Enhanced Income Strategy Fund
Tickers: EIXAX | EIXCX | EIXIX
Fund Objective
The Fund’s objective is current income.
Reasons to Invest
The Catalyst Enhanced Income Strategy Fund seeks to generate current income via investments in often overlooked segments of non-agency residential mortgage backed securities (RMBS) and other fixed income asset-backed securities.
Non-Agency RMBS Focus
The Fund focuses on non-agency RMBS, although the Fund can invest where management finds value. The management team’s clearly-defined, niche focus is the core of the RMBS strategy’s success.
Seeks Best Risk/Return Opportunity
The Sub-Advisor selects securities that it believes offer the best risk/return opportunity based on its analyses of a variety of factors, including collateral quality, duration, structure, excess interest, credit support, potential for greater upside and less downside capture, liquidity, and market conditions. The Fund favors undervalued investments that have the potential for consistent returns in most interest rate environments.
Monthly Distribution
The Fund generally distributes to shareholders substantially all of its net income (for example, interest and dividends) monthly as well as substantially all of its net capital gains annually (that is, long-term capital gains from the sale of portfolio securities and short-term capital gains from both the sale of portfolio securities and option premium earned). However, all or a portion of a distribution may consist of a return of capital (i.e., from your original investment).
Portfolio Manager Insights
Fund Management
Leland Abrams
Lead Portfolio Manager
- Portfolio manager and CIO of Wynkoop, LLC
- B.A. in Economics from Bucknell University
Jui Chiew Tan
Portfolio Manager and Analyst of the Sub-Advisor
- B.S. and M.S. from Washington University (St. Louis)
- M.S. from University of Pennsylvania
Fund Overview
| Ticker | EIXIX | EIXAX | EIXCX | EIXAX |
| Share Class | Class I | Class A | Class C | Class A w/ Sales Load |
| CUSIP | 62827P436 | 62827P451 | 62827P444 | 62827P451 |
| Inception Date | 2018-12-31T00:00:00 | 2018-12-31T00:00:00 | 2018-12-31T00:00:00 | 2018-12-31T00:00:00 |
| As of Date | 2024-11-15T00:00:00 | 2024-11-15T00:00:00 | 2024-11-15T00:00:00 | 2024-11-15T00:00:00 |
| Daily NAV | 8.12 | 8.12 | 8.07 | 8.12 |
| NAV Change | -0.01 | -0.01 | -0.01 | -0.01 |
| % NAV Change | -0.12% | -0.12% | -0.12% | -0.12% |
Current Fund Performance
Data as of: 2024-11-15T00:00:00
| Share Class | 1 Month | 3 Months | 6 Months | YTD | 1 Year | 3 Years Annualized | 5 Years Annualized | 10 Years Annualized | Since Inception Annualized |
| Class I | -1.64% | -0.69% | 0.96% | 0.74% | 3.05% | -2.72% | 0.51% | N/A | 3.06% |
| Class A | -1.67% | -0.75% | 0.83% | 0.53% | 2.79% | -2.96% | 0.26% | N/A | 2.81% |
| Class C | -1.74% | -0.95% | 0.58% | -0.10% | 2.04% | -3.67% | -0.47% | N/A | 2.04% |
| Class A w/Sales Load | -7.35% | -6.46% | -4.94% | -5.26% | -3.17% | -4.86% | -0.92% | N/A | 1.78% |
Quarterly Fund Performance
Data as of quarter end: 2024-09-30T00:00:00
| Share Class | 1 Month | 3 Months | 6 Months | YTD | 1 Year | 3 Years Annualized | 5 Years Annualized | 10 Years Annualized | Since Inception Annualized |
| Class I | 1.33% | 4.10% | 2.70% | 3.53% | 4.20% | -1.76% | 1.28% | N/A | 3.62% |
| Class A | 1.43% | 4.04% | 2.57% | 3.34% | 3.95% | -2.01% | 1.03% | N/A | 3.37% |
| Class C | 1.38% | 3.87% | 2.21% | 2.78% | 3.19% | -2.74% | 0.28% | N/A | 2.59% |
| Class A w/Sales Load | -4.40% | -1.90% | -3.30% | -2.61% | -2.06% | -3.92% | -0.15% | N/A | 2.31% |
The Fund’s maximum sales charge for Class “A” shares is 4.75%. 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.
Fund Expenses
| Share Class | Class I | Class A | Class C | Class A w/ Sales Load |
| Prospectus Gross Expense Ratio (11/1/2024) | 1.83% | 2.08% | 2.83% | 2.08% |
| Prospectus Net Expense Ratio (11/1/2024) | 1.53% | 1.78% | 2.53% | 1.78% |
| Annual Report Net Expense Ratio (6/30/2024)* | 1.53% | 1.78% | 2.53% | 1.78% |
* 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 management fees and/or reimburse expenses of the Fund to the extent necessary to limit 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 1.75%, 2.50% and 1.50% for Class A shares, Class C shares and Class I shares, respectively, through October 31, 2025.
Monthly Distributions
| Ticker | Record Date | Payable Date | Monthly Distribution Amount | Reinvest Price | SEC Yield | Unsubsidized SEC Yield |
|---|---|---|---|---|---|---|
| EIXIX | 10/29/2024 | 10/30/2024 | 0.0538 | 8.17 | ||
| EIXIX | 9/26/2024 | 9/27/2024 | 0.0716 | 8.42 | 7.61% | 7.30% |
| EIXIX | 8/28/2024 | 8/29/2024 | 0.0601 | 8.37 | 7.67% | 7.37% |
| EIXIX | 7/29/2024 | 7/30/2024 | 0.0649 | 8.32 | 7.74% | 7.44% |
| EIXIX | 6/26/2024 | 6/27/2024 | 0.0544 | 8.28 | 8.06% | 7.93% |
| EIXIX | 5/29/2024 | 5/30/2024 | 0.0575 | 8.27 | 8.04% | 7.80% |
| EIXIX | 4/26/2024 | 4/29/2024 | 0.0729 | 8.41 | 8.30% | 8.05% |
| EIXIX | 3/26/2024 | 3/27/2024 | 0.0642 | 8.56 | 8.21% | 7.91% |
| EIXIX | 2/27/2024 | 2/28/2024 | 0.0541 | 8.6 | 8.23% | 7.93% |
| EIXIX | 1/29/2024 | 1/30/2024 | 0.0715 | 8.63 | 8.12% | 7.80% |
| EIXIX | 12/27/2023 | 12/28/2023 | 0.0571 | 8.68 | 8.20% | 7.84% |
| EIXIX | 11/28/2023 | 11/29/2023 | 0.0694 | 8.63 | 8.38% | 8.03% |
| Ticker | Record Date | Payable Date | Monthly Distribution Amount | Reinvest Price | SEC Yield | Unsubsidized SEC Yield |
|---|---|---|---|---|---|---|
| EIXAX | 10/29/2024 | 10/30/2024 | 0.0519 | 8.17 | ||
| EIXAX | 9/26/2024 | 9/27/2024 | 0.0699 | 8.42 | 6.99% | 6.70% |
| EIXAX | 8/28/2024 | 8/29/2024 | 0.0584 | 8.37 | 7.05% | 6.76% |
| EIXAX | 7/29/2024 | 7/30/2024 | 0.0632 | 8.32 | 7.13% | 6.85% |
| EIXAX | 6/26/2024 | 6/27/2024 | 0.0528 | 8.28 | 7.42% | 7.30% |
| EIXAX | 5/29/2024 | 5/30/2024 | 0.0557 | 8.27 | 7.43% | 7.19% |
| EIXAX | 4/26/2024 | 4/29/2024 | 0.0711 | 8.41 | 7.65% | 7.41% |
| EIXAX | 3/26/2024 | 3/27/2024 | 0.0625 | 8.56 | 7.57% | 7.28% |
| EIXAX | 2/27/2024 | 2/28/2024 | 0.0524 | 8.6 | 7.60% | 7.31% |
| EIXAX | 1/29/2024 | 1/30/2024 | 0.0695 | 8.63 | 7.48% | 7.18% |
| EIXAX | 12/27/2023 | 12/28/2023 | 0.0553 | 8.68 | 7.56% | 7.22% |
| EIXAX | 11/28/2023 | 11/29/2023 | 0.0676 | 8.63 | 7.73% | 7.39% |
| Ticker | Record Date | Payable Date | Monthly Distribution Amount | Reinvest Price | SEC Yield | Unsubsidized SEC Yield |
|---|---|---|---|---|---|---|
| EIXCX | 10/29/2024 | 10/30/2024 | 0.0463 | 8.12 | ||
| EIXCX | 9/26/2024 | 9/27/2024 | 0.065 | 8.37 | 6.59% | 6.29% |
| EIXCX | 8/28/2024 | 8/29/2024 | 0.0531 | 8.32 | 6.65% | 6.34% |
| EIXCX | 7/29/2024 | 7/30/2024 | 0.0581 | 8.27 | 6.72% | 6.42% |
| EIXCX | 6/26/2024 | 6/27/2024 | 0.0478 | 8.23 | 7.02% | 6.88% |
| EIXCX | 5/29/2024 | 5/30/2024 | 0.0503 | 8.22 | 7.02% | 6.77% |
| EIXCX | 4/26/2024 | 4/29/2024 | 0.0656 | 8.36 | 7.27% | 7.02% |
| EIXCX | 3/26/2024 | 3/27/2024 | 0.0575 | 8.51 | 7.18% | 6.87% |
| EIXCX | 2/27/2024 | 2/28/2024 | 0.0472 | 8.55 | 7.21% | 6.91% |
| EIXCX | 1/29/2024 | 1/30/2024 | 0.0635 | 8.59 | 7.11% | 6.79% |
| EIXCX | 12/27/2023 | 12/28/2023 | 0.0501 | 8.64 | 7.18% | 6.82% |
| EIXCX | 11/28/2023 | 11/29/2023 | 0.0622 | 8.58 | 7.35% | 7.00% |
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.
There is no assurance that the Fund will achieve its investment objective.
Investing in the Fund carries certain risks. The value of the Fund may decrease in response to the activities and financial prospects of an individual security in the Fund’s portfolio. Investors in the Fund bear the risk that the Fund may not be successful in implementing its investment strategies. The Fund is non-diversified and may invest a greater percentage of its assets in a particular issue and may own fewer securities than other mutual funds; the Fund is subject to concentration risk. Interest rate risk is the risk that bond prices overall, including the prices of securities held by the Fund, will decline over short or even long periods of time due to rising interest rates. Bonds with longer maturities tend to be more sensitive to interest rates than bonds with shorter maturities. Lower-quality bonds, known as "high yield" or "junk" bonds, present greater risk than bonds of higher quality, including an increased risk of default. Credit risk is the risk that the issuer of a security will not be able to make principal and interest payments when due. These factors may affect the value of your investment.
7033-NLD-8/12/2019
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