Catalyst/CIFC Floating Rate Income Fund

Tickers: CFRAX | CFRCX | CFRIX

Fund Objective

The Fund’s investment objective is current income.

Reasons to Invest

The Catalyst Floating Rate Income Fund offers an investment opportunity for investors seeking high current income from adjustable rate securities with consistent consideration given to preservation of capital.

High Current Income
The Fund invests primarily in senior floating rate bank loans which pay a variable rate that adjusts with  short term interest rate changes.

Capital Preservation
Due to their floating rate feature, senior floating rate bank loans can limit interest rate risk and duration in a portfolio. Generally senior floating rate bank loans are secured by a lien on the borrower’s assets. These securities are also the most senior level debt in companies capital structure giving them payment priority over other loans, bonds or stock.

Focused Portfolio
The Fund uses a disciplined, research-intensive approach to company and security selection. Each investment decision carefully weighs potential risk to capital while seeking attractive yields with only the best relative value trades being selected for the Fund.

Fund Management

Investment Advisors

Investment Advisor:
Catalyst Capital Advisors LLC

Sub-Advisor:
CIFC Investment Management LLC
Sub-Advisor Inception Date: August 1, 2018

Portfolio Manager:
Stan Sokolowski | Senior Portfolio Manager

Fund Overview

Ticker CFRIX CFRAX CFRCX CFRAX
Share Class Class I Class A Class C Class A w/ Sales Load
CUSIP 62827M888 62827M300 62827M805 62827M300
Inception Date 2012-12-31T00:00:00 2012-12-31T00:00:00 2012-12-31T00:00:00 2012-12-31T00:00:00
As of Date 2018-12-11T00:00:00 2018-12-11T00:00:00 2018-12-11T00:00:00 2018-12-11T00:00:00
Daily NAV 9.43 9.41 9.38 9.41
NAV Change -0.02 -0.02 -0.02 -0.02
% NAV Change -0.21% -0.21% -0.21% -0.21%

Current Fund Performance

Data as of: 2018-12-11T00:00:00

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 -1.73% -1.15% -0.63% 2.16% 2.30% 5.80% 2.93% N/A 3.88%
Class A -1.86% -1.32% -0.75% 1.84% 1.95% 5.46% 2.63% N/A 3.60%
Class C -1.93% -1.50% -1.12% 1.05% 1.19% 4.66% 1.87% N/A 2.81%
Class A w/Sales Load -6.53% -6.00% -5.45% -3.03% -2.91% 3.76% 1.64% N/A 2.75%

Quarterly Fund Performance

Data as of quarter end: 2018-09-30T00:00:00

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 0.50% 1.42% 1.68% 3.87% 7.25% 4.91% 3.74% N/A 4.32%
Class A 0.59% 1.36% 1.67% 3.70% 6.89% 4.61% 3.46% N/A 4.05%
Class C 0.53% 1.19% 1.31% 3.03% 6.12% 3.82% 2.68% N/A 3.26%
Class A w/Sales Load -4.19% -3.46% -3.14% -1.26% 1.79% 2.95% 2.47% N/A 3.17%

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
Gross Expense Ratio 1.60% 1.88% 2.63% 1.88%
Net Expense Ratio 1.22% 1.47% 2.22% 1.47%

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 1.38%, 2.13% and 1.13% for Class A shares, Class C shares and Class I shares, respectively, through October 31, 2019.

Monthly Distributions

TickerRecord DatePayable DateMonthly Distribution AmountReinvest PriceSEC Yield
CFRIX11/28/201811/29/20180.03349.524.28%
CFRIX10/29/201810/30/20180.04869.624.38%
CFRIX9/26/20189/27/20180.02869.673.37%
CFRIX8/29/20188/30/20180.02259.643.40%
CFRIX7/27/20187/30/20180.03529.644.84%
CFRIX6/27/20186/28/20180.03279.613.91%
CFRIX5/29/20185/30/20180.02919.663.38%
CFRIX4/26/20184/27/20180.03329.663.12%
CFRIX3/27/20183/28/20180.03059.693.23%
CFRIX2/26/20182/27/20180.03369.673.62%
CFRIX1/29/20181/30/20180.03179.713.86%
CFRIX12/27/201712/28/20170.03269.584.13%
TickerRecord DatePayable DateMonthly Distribution AmountReinvest PriceSEC Yield
CFRAX11/28/201811/29/20180.03139.513.75%
CFRAX10/29/201810/30/20180.04669.603.93%
CFRAX9/26/20189/27/20180.02689.653.00%
CFRAX8/29/20188/30/20180.02039.633.02%
CFRAX7/27/20187/30/20180.03359.634.40%
CFRAX6/27/20186/28/20180.03099.603.47%
CFRAX5/29/20185/30/20180.02719.642.99%
CFRAX4/26/20184/27/20180.03149.652.74%
CFRAX3/27/20183/28/20180.02869.682.85%
CFRAX2/26/20182/27/20180.03209.663.06%
CFRAX1/29/20181/30/20180.02969.703.44%
CFRAX12/27/201712/28/20170.03059.573.58%
TickerRecord DatePayable DateMonthly Distribution AmountReinvest PriceSEC Yield
CFRCX11/28/201811/29/20180.02519.483.18%
CFRCX10/29/201810/30/20180.04049.573.36%
CFRCX9/26/20189/27/20180.02139.632.35%
CFRCX8/29/20188/30/20180.01369.602.42%
CFRCX7/27/20187/30/20180.02849.603.86%
CFRCX6/27/20186/28/20180.02579.572.89%
CFRCX5/29/20185/30/20180.02039.622.36%
CFRCX4/26/20184/27/20180.02559.622.13%
CFRCX3/27/20183/28/20180.02279.652.29%
CFRCX2/26/20182/27/20180.02619.632.34%
CFRCX1/29/20181/30/20180.02379.672.87%
CFRCX12/27/201712/28/20170.02399.553.00%

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. Investments in foreign securities could subject the Fund to greater risks including, currency fluctuation, economic conditions, and different governmental and accounting standards. The Fund may invest in high yield or junk bonds which present a greater risk than bonds of higher quality. Other risks include credit risks and interest rate for Floating Rate Loan Funds. Changes in short-term market interest rates will directly affect the yield on the shares of a fund whose investments are normally invested in floating rate debt. Floating Rate Loan funds tend to be illiquid, the Fund might be unable to sell the loan in a timely manner as the secondary market is private, unregulated inter-dealer or inter-bank re-sale market. These factors may affect the value of your investment.

4987-NLD-8/7/2018

Contact Us

Have a question? Drop us a line and a Catalyst Funds representative will get back to you ASAP!

Start typing and press Enter to search