Catalyst Insider Income Fund

Tickers: IIXAX | IIXCX | IIXIX

Fund Objective

The Fund’s objective is high current income with low interest rate sensitivity.

Reasons to Invest

The Catalyst Insider Income Fund seeks to offer investors an opportunity to invest in short-term U.S. corporate bonds issued by corporations whose executives are purchasing shares of the company’s common stock.

Insider-Driven
The Fund only invests in short-term U.S. corporate bonds issued by companies whose corporate insiders (CEO, CFO, directors, etc.) are purchasing their own company’s stock. We believe corporate insiders understand their own firm better than any outsider possibly could.

Seeks Reduced Credit Risk
Our historical research demonstrates that companies with insider buying experience substantially lower default and bankruptcy rates. The intuition is that corporate insiders would not take an equity stake if the company were in jeopardy of bankruptcy.

Low Interest Rate Sensitivity
We seek to reduce exposure to interest rate risk by holding a portfolio of corporate bonds with an average modified duration less than three and a half years.

Fund Management

Investment Advisor: Catalyst Capital Advisors LLC

Fund Overview

Ticker IIXIX IIXAX IIXCX IIXAX
Share Class Class I Class A Class C Class A w/ Sales Load
CUSIP 62827M441 62827M466 62827M458 62827M466
Inception Date 2014-07-29T00:00:00 2014-07-29T00:00:00 2014-07-29T00:00:00 2014-07-29T00:00:00
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 9.37 9.36 9.35 9.36
NAV Change -0.01 -0.01 -0.01 -0.01
% NAV Change -0.11% -0.11% -0.11% -0.11%

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 -0.14% -0.32% 1.02% 3.26% 3.41% 3.72% N/A N/A 0.80%
Class A -0.05% -0.37% 0.91% 2.81% 2.94% 3.39% N/A N/A 0.51%
Class C -0.21% -0.62% 0.47% 2.27% 2.33% 2.65% N/A N/A -0.19%
Class A w/Sales Load -4.82% -5.09% -3.91% -2.05% -1.92% 1.73% N/A N/A -0.60%

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 -0.07% 1.29% 2.48% 3.73% 3.87% 2.63% N/A N/A 0.95%
Class A -0.08% 1.13% 2.37% 3.32% 3.39% 2.31% N/A N/A 0.66%
Class C -0.12% 1.07% 2.05% 3.01% 2.87% 1.61% N/A N/A -0.03%
Class A w/Sales Load -4.81% -3.70% -2.45% -1.56% -1.47% 0.66% N/A N/A -0.51%

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 4.83% 4.58% 5.33% 4.58%
Net Expense Ratio 0.76% 1.01% 1.76% 1.01%

The Advisor has contractually agreed to waive fees and/or reimburse expenses of the Fund to the extent necessary to limit 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 1.00%, 1.75% and 0.75% 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
IIXIX11/28/201811/29/20180.01709.382.88%
IIXIX10/29/201810/30/20180.01979.392.90%
IIXIX9/26/20189/27/20180.01369.452.70%
IIXIX8/29/20188/30/20180.01949.472.72%
IIXIX7/27/20187/30/20180.01749.373.05%
IIXIX6/27/20186/28/20180.01869.393.06%
IIXIX5/29/20185/30/20180.02199.343.14%
IIXIX4/26/20184/27/20180.01969.383.03%
IIXIX3/27/20183/28/20180.01949.333.10%
IIXIX2/26/20182/27/20180.01849.312.86%
IIXIX1/29/20181/30/20180.01529.342.70%
IIXIX12/27/201712/28/20170.02389.272.65%
TickerRecord DatePayable DateMonthly Distribution AmountReinvest PriceSEC Yield
IIXAX11/28/201811/29/20180.01549.362.53%
IIXAX10/29/201810/30/20180.01769.372.53%
IIXAX9/26/20189/27/20180.01239.442.33%
IIXAX8/29/20188/30/20180.01759.462.35%
IIXAX7/27/20187/30/20180.01569.362.67%
IIXAX6/27/20186/28/20180.01679.382.67%
IIXAX5/29/20185/30/20180.02009.342.75%
IIXAX4/26/20184/27/20180.01779.372.65%
IIXAX3/27/20183/28/20180.01759.322.72%
IIXAX2/26/20182/27/20180.00579.302.52%
IIXAX1/29/20181/30/20180.01339.342.33%
IIXAX12/27/201712/28/20170.02169.272.30%
TickerRecord DatePayable DateMonthly Distribution AmountReinvest PriceSEC Yield
IIXCX11/28/201811/29/20180.01039.361.88%
IIXCX10/29/201810/30/20180.01239.371.91%
IIXCX9/26/20189/27/20180.00879.441.69%
IIXCX8/29/20188/30/20180.01149.461.72%
IIXCX7/27/20187/30/20180.00989.362.05%
IIXCX6/27/20186/28/20180.01129.382.06%
IIXCX5/29/20185/30/20180.00749.332.14%
IIXCX4/26/20184/27/20180.01219.362.04%
IIXCX3/27/20183/28/20180.01089.312.10%
IIXCX2/26/20182/27/20180.01019.291.88%
IIXCX1/29/20181/30/20180.00599.331.70%
IIXCX12/27/201712/28/20170.01539.251.67%

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. 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 may invest in lower-quality, non-investment grade bonds. Non-investment grade corporate bonds are those rated Ba or lower by Moody's or BB or lower by S&P (also known as "junk" bonds). Lower-quality debt securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. 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. These factors may affect the value of your investment.

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