Catalyst Insider Income Fund

IIXAX | IIXCX | IIXIX

Why Invest in IIX?

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.

Fund Details

As of [table “365” does not have that cell /]

I Share

Ticker	IIXIX
NAV	[table “365” does not have that cell /]
NAV Change	[table “365” does not have that cell /]
% NAV Change	[table “365” does not have that cell /]
YTD Return	[table “365” does not have that cell /]
Distribution Frequency	Monthly

A Share

C Share

Fund Documents

Overview Documents

Financial Reports

Supplemental Files

Supplemental Documents

Financial Professional Documents

Restricted Content

Please log into your account to access Financial Professionals information.

Fund Objective

The Fund’s objective is current income.

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

David Miller | CIO & Senior Portfolio Manager
Mr. Miller is Co-Founder, Chief Investment Officer and Senior Portfolio Manager of Catalyst Capital Advisors LLC and Rational Funds Inc. He received a Bachelor of Science degree in Economics from the University of Pennsylvania, Wharton School, and a Master of Business Administration in Finance from the University of Michigan, Ross School of Business.

Charles Ashley | Portfolio Manager
Mr. Ashley has served as a Portfolio Manager of Catalyst Capital Advisors LLC since November 2017. He joined the Advisor as a Senior Financial Analyst in February 2016. He is primarily responsible for providing investment research and assisting with the day-to-day management of several Catalyst funds.

Larry Holzenthaler Jr. | Senior Portfolio Manager
Mr. Holzenthaler has served as a Senior Portfolio Manager of Catalyst Capital Advisors LLC since August 2026. He previously held portfolio management and investment strategy roles at First Eagle Alternative Credit and Nuveen. He earned a Bachelor of Science degree in Finance from Arizona State University.

Fund Overview

Ticker	IIXIX	IIXAX	IIXCX	IIXAX
Share Class	Class I	Class A	Class C	Class A w/ Sales Load
CUSIP	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]
Inception Date	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]
As of Date	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]
Daily NAV	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]
NAV Change	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]
% NAV Change	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]
YTD Return	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]
Distribution Frequency	Monthly	Monthly	Monthly	Monthly

Current Fund Performance

As of: [table “365” does not have that cell /]

Annualized if greater than a year

Share Class	1 Month	3 Months	6 Months	YTD	1 Year	3 Years Annualized	5 Years Annualized	10 Years Annualized	Since Inception Annualized
Class A	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]
Class C	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]
Class I	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]
Class A w/Sales Charge	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]	[table “365” does not have that cell /]

Quarterly Fund Performance

Data as of quarter end: 2026-06-30T00:00:00
Annualized if greater than a year

Share Class	1 Month	3 Months	6 Months	YTD	1 Year	3 Years Annualized	5 Years Annualized	10 Years Annualized	Since Inception Annualized
Class A	0.38	1.3	1.32	1.32	3.56	6.15	2.86	3.47	2.49
Class C	0.31	1.11	0.94	0.94	2.9	5.36	2.09	2.73	1.75
Class I	0.29	1.36	1.44	1.44	3.93	6.42	3.13	3.77	2.76
Class A w/Sales Charge	-4.4	-3.54	-3.47	-3.47	-1.33	4.44	1.87	2.97	2.07

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 Charge
Prospectus Gross Expense Ratio (11/1/2025)	1.17%	1.42%	2.17%	1.42%
Prospectus Net Expense Ratio (11/1/2025)	0.76%	1.01%	1.76%	1.01%
Annual Report Net Expense Ratio (6/30/2025)*	0.75%	1.00%	1.75%	1.00%

*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 1.00%, 1.75% and 0.75% for Class A shares, Class C shares and Class I shares, respectively, through October 31, 2026.

Monthly Distribution

I Share

Ticker	Record Date	Payable Date	Monthly Distribution Amount	Reinvest Price	SEC Yield	Unsubsidized SEC Yield
IIXIX	7/31/2026	7/31/2026	0.0367	9.19
IIXIX	6/30/2026	6/30/2026	0.0367	9.22	4.63%	4.20%
IIXIX	5/28/2026	5/28/2026	0.0336	9.23	4.67%	4.27%
IIXIX	4/30/2026	4/30/2026	0.0346	9.24	4.61%	4.23%
IIXIX	3/27/2026	3/30/2026	0.04	9.2	4.58%	4.22%
IIXIX	2/27/2026	3/2/2026	0.0309	9.27	3.94%	3.59%
IIXIX	1/30/2026	2/2/2026	0.0315	9.29	3.49%	3.15%
IIXIX	12/31/2025	12/31/2025	0.0525	9.29	3.77%	3.42%
IIXIX	11/28/2025	12/1/2025	0.0295	9.3	3.90%	3.54%
IIXIX	10/31/2025	10/31/2025	0.0343	9.26	4.15%	3.79%
IIXIX	9/30/2025	9/30/2025	0.0378	9.28	4.10%	3.72%
IIXIX	8/29/2025	8/29/2025	0.0336	9.28	4.36%	3.98%

A Share

Ticker	Record Date	Payable Date	Monthly Distribution Amount	Reinvest Price	SEC Yield	Unsubsidized SEC Yield
IIXAX	7/31/2026	7/31/2026	0.0347	9.17
IIXAX	6/30/2026	6/30/2026	0.0346	9.2	4.17%	3.76%
IIXAX	5/28/2026	5/28/2026	0.0317	9.2	4.21%	3.83%
IIXAX	4/30/2026	4/30/2026	0.0326	9.22	4.15%	3.78%
IIXAX	3/31/2026	3/31/2026	0.04	9.18	4.12%	3.78%
IIXAX	2/27/2026	3/2/2026	0.029	9.25	3.52%	3.18%
IIXAX	1/30/2026	2/2/2026	0.0295	9.27	3.08%	2.76%
IIXAX	12/31/2025	12/31/2025	0.0503	9.27	3.36%	3.02%
IIXAX	11/28/2025	12/1/2025	0.0277	9.28	3.48%	3.14%
IIXAX	10/31/2025	10/31/2025	0.0323	9.24	3.72%	3.37%
IIXAX	9/30/2025	9/30/2025	0.0357	9.25	3.67%	3.31%
IIXAX	8/29/2025	8/29/2025	0.0317	9.27	3.91%	3.56%

C Share

Ticker	Record Date	Payable Date	Monthly Distribution Amount	Reinvest Price	SEC Yield	Unsubsidized SEC Yield
IIXCX	7/31/2026	7/31/2026	0.0288	9.18
IIXCX	6/30/2026	6/30/2026	0.0286	9.21	3.63%	3.20%
IIXCX	5/28/2026	5/28/2026	0.0263	9.21	3.67%	3.27%
IIXCX	4/30/2026	4/30/2026	0.0269	9.23	3.60%	3.22%
IIXCX	3/31/2026	3/31/2026	0.04	9.19	3.58%	3.22%
IIXCX	2/27/2026	3/2/2026	0.0237	9.26	2.94%	2.59%
IIXCX	1/30/2026	2/2/2026	0.0238	9.28	2.49%	2.15%
IIXCX	12/31/2025	12/31/2025	0.044	9.28	2.77%	2.42%
IIXCX	11/28/2025	12/1/2025	0.0224	9.29	2.90%	2.55%
IIXCX	10/31/2025	10/31/2025	0.0264	9.25	3.15%	2.79%
IIXCX	9/30/2025	9/30/2025	0.0296	9.26	3.10%	2.73%
IIXCX	8/29/2025	8/29/2025	0.0262	9.26	3.36%	2.98%

Disclosures

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.
Monthly Distribution: represents the earnings generated by the investments held in the fund and distributed to investors on a monthly basis.
SEC Yield: represents net investment income earned by the Fund over the 30-day period, expressed as an annual percentage rate based on the Fund's share price at the end of the 30-day period.
Subsidized SEC Yield: refers to the SEC yield with contractual expense reimbursements.
Unsubsidized SEC Yield: refers to the SEC yield without fee waivers or expense reimbursements.

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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Disclosure

An investor should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information about the Catalyst Funds can be found in the Fund’s prospectus, which can be obtained by calling 1-866-447-4228. Please read the prospectus carefully before investing. The open-end fund products for Catalyst Funds are distributed by Northern Lights Distributors, LLC., Member FINRA/SIPC. Foreside Fund services and Catalyst Capital Advisors are not affiliated with Northern Lights Distributors, LLC. The Catalyst Strategic Income Opportunities Fund is distributed by Foreside Fund Services, LLC, which is not affiliated with Catalyst Capital Advisors LLC, or any of its affiliates.

Territory	External Wholesaler	Internal Wholesaler
Long Island	Bill Sheluck 631-974-6180 Bill.Sheluck@CatalystMutuals.com	James Addesa 646-827-2755 James.Addesa@CatalystMutuals.com
New York City	Bill Sheluck 631-974-6180 Bill.Sheluck@CatalystMutuals.com	James Addesa 646-827-2755 James.Addesa@CatalystMutuals.com
North New Jersey	Daniel Giegerich 908-295-4791 Daniel.Giegerich@catalystmutuals.com	Ryan Lynch 646-757-8392 Ryan.Lynch@CatalystMutuals.com
Upstate New York, W. PA	Jeremy Meiser 646-757-8259 Jeremy.Meiser@CatalystMutuals.com	Zach Houpe 646-914-9117 Zach.Houpe@CatalystMutuals.com
MT, WY	Howard Pratt 360-673-3675 Howard.Pratt@CatalystMutuals.com	Kelly Soto 646-827-2749 Kelly.Soto@CatalystMutuals.com
New England (MA, VT, NH, RI, ME)	Chip Hano 978-973-0099 Chip.Hano@CatalystMutuals.com	Justin Morcom 646-827-2760 Justin.Morcom@CatalystMutuals.com
CT, New York – Westchester	Peter Corritori 845-461-4602 Peter.Corritori@CatalystMutuals.com	Kelly Soto 646-827-2749 Kelly.Soto@CatalystMutuals.com
NC, SC	Dan Jensen 919-719-7997 Dan.Jensen@CatalystMutuals.com	Joseph Guidarelli 646-825-2864 Joseph.Guidarelli@CatalystMutuals.com
DC, MD, VA	Angele Ryan 302-388-6900 APRyan@CatalystMutuals.com	James Hatton 646-757-8316 James.Hatton@CatalystMutuals.com
N. CA, N. NV	Db Makley 925-409-6968 Db.Makley@CatalystFunds.com	Steve Carr 646-827-2764 Steven.Carr@CatalystMutuals.com
MN, ND, SD, WI	Tim Hanson 612-281-9991 Tim.Hanson@CatalystMutuals.com	John Whitaker 612-438-3004 John.Whitaker@CatalystMutuals.com
AZ, UT, CO, NM	Brandon Schwulst 303-842-8780 Brandon.Schwulst@CatalystMutuals.com	Carlos A. Aguinaga 646-757-8064 Carlos.Aguinaga@CatalystMutuals.com
AR, LA, MS	John Mills 504-615-3187 John.Mills@CatalystMutuals.com	Kelly Soto 646-827-2749 Kelly.Soto@CatalystMutuals.com
E. PA, S. NJ, DE	Gregg Torti 617-335-4157 GreggTorti@CatalystMutuals.com	Mark Aldini 646-757-8255 Mark.Aldini@CatalystMutuals.com
OH	Michael Yopko 614-565-8500 Michael.Yopko@CatalystMutuals.com	Nick Lore 646-757-8388 Nick.Lore@CatalystMmutuals.com
Northern TX, OK	Joe Sando 214-738-2815 Joseph.Sando@MFundDistributors.com	Robert Adams 646-827-2748 Robert.Adams@CatalystMutuals.com
S. CA, S. NV, HI	Robert Bomberg 651-283-9749 Robert.Bomberg@MFundDistributors.com	Sara Petrick 310-963-0971 Sara.Petrick@MFundDistributors.com
MI	Bill Dorough 248-921-8549 Bill.Dorough@CatalystMutuals.com	Mario Fontenot 646-757-8318 Mario.Fontenot@CatalystMutuals.com
IL	Dan Murphy 630-696-6507 Dan.Murphy@CatalystMutuals.com	Joe McCart 646-757-8066 Joseph.McCart@CatalystMutuals.com
North FLA	Rick Burdick 504-400-9085 Rick.Burdick@CatalystMutuals.com	Karen Prezioso 646-757-8690 Karen.Prezioso@CatalystMutuals.com
South FLA	Jeff Pucker 561-727-9590 Jeff.Pucker@CatalystMutuals.com	Josh Stevenson 646-827-2750 Josh.Stevenson@CatalystMutuals.com
GA, AL	Jay Bysinger 404-307-3397 Jay.Bysinger@AlphaMaxCap.com	Nick Meola 646-757-8059 Nick.Meola@CatalystMutuals.com
IN, KY	Tye Uppinghouse 217-979 2805 Tye.Uppinghouse@CatalystMutuals.com	Josh Stevenson 646-827-2763 Josh.Stevenson@CatalystMutuals.com
WA, OR, ID, AK	Howard Pratt 360-673-3675 Howard.Pratt@CatalystMutuals.com	Kelly Soto 646-827-2749 Kelly.Soto@CatalystMutuals.com
KS, MO, IA, NE	Internal Sales Desk 646-827-2761 Info@CatalystMutuals.com	Internal Sales Desk 646-827-2761 Info@CatalystMutuals.com
TN, WV	Rand Pointer 901-634-5595 Rand.Pointer@CatalystMutuals.com	Mario Fontenot 646-757-8318 Mario.Fontenot@CatalystMutuals.com
Southern TX	Guy Pullen 713-882-1099 Guy.Pullen@CatalystMutuals.com	Jack Feeley 832-844-0639 Jack.Feeley@CatalystMutuals.com

Catalyst Insider Income Fund

IIXAX | IIXCX | IIXIX

Why Invest in IIX?

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.

Fund Details

Fund Documents

Supplemental Documents

Fund Objective

Reasons to Invest

Fund Management

Fund Overview

Current Fund Performance

Quarterly Fund Performance

Fund Expenses

Monthly Distribution

Disclosures

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