Catalyst/Lyons Tactical Allocation Fund
Tickers: CLTAX CLTCX CLTIX
Fund Objective
The Fund’s objective is to seek total return from long-term capital appreciation and current income.
Reasons to Invest
The Catalyst/Lyons Tactical Allocation Fund offers a different approach to tactical investing by focusing on offense first, defense next. The Fund uses a proprietary stock selection model that seeks high performing companies available at a good price, and employs a proprietary risk management model to determine when to allocate to its equity portfolio or shift defensive.
A Different Approach to Tactical
Most tactical strategies focus on defense, thus often underperform during up markets. Instead, by focusing defense only on large, sustained declines, and remaining on offense the rest of the time, we seek to add value in both rising and declining markets.
Seeks Downside Risk Mitigation
We apply our Quantitative Risk Indicator (QRI) each month to determine asset allocation to equities or bonds. The QRI seeks to identify periods of heightened equity market risk with the goal of minimizing exposure to sustained market declines.
Quality Stock Selection
We use a value-based approach to stock investing, seeking high performing companies available at reasonable prices. We invest in 25 stocks that rank highly in our quantitative stock selection model and meet our criteria for performance and valuation.
Portfolio Manager Insights
Fund Management
Investment Advisor
Catalyst Capital, LLC
Investment Sub-Advisor
Lyons Wealth Management
Portfolio Managers
Alexander Read | CEO and Portfolio Manager
Matthew Ferratusco, CIPM | Portfolio Manager
Fund Overview
| Ticker | CLTIX | CLTAX | CLTCX | CLTAX |
| Share Class | Class I | Class A | Class C | Class A w/ Sales Load |
| CUSIP | 62827M524 | 62827L211 | 62827L195 | 62827L211 |
| Inception Date | 2014-06-06T00:00:00 | 2012-07-02T00:00:00 | 2012-07-02T00:00:00 | 2012-07-02T00:00:00 |
| As of Date | 2024-04-17T00:00:00 | 2024-04-17T00:00:00 | 2024-04-17T00:00:00 | 2024-04-17T00:00:00 |
| Daily NAV | 15.17 | 15.12 | 14.43 | 15.12 |
| NAV Change | -0.06 | -0.06 | -0.06 | -0.06 |
| % NAV Change | -0.39% | -0.40% | -0.41% | -0.40% |
Current Fund Performance
Data as of: 2024-04-17T00:00:00
| 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 | -3.01% | 4.26% | 13.05% | 3.55% | 12.80% | -2.58% | 6.29% | N/A | 5.80% |
| Class A | -3.08% | 4.13% | 12.83% | 3.42% | 12.41% | -2.83% | 6.01% | 5.93% | 8.48% |
| Class C | -3.15% | 3.89% | 12.40% | 3.22% | 11.62% | -3.55% | 5.23% | 5.14% | 7.68% |
| Class A w/Sales Load | -8.64% | -1.88% | 6.31% | -2.51% | 5.94% | -4.73% | 4.77% | 5.30% | 7.94% |
Quarterly Fund Performance
Data as of quarter end: 2024-03-31T00:00:00
| 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 | 3.29% | 9.15% | 20.85% | 9.15% | 18.73% | 0.52% | 7.30% | N/A | 6.40% |
| Class A | 3.30% | 9.10% | 20.72% | 9.10% | 18.41% | 0.28% | 7.04% | 6.39% | 9.01% |
| Class C | 3.19% | 8.87% | 20.24% | 8.87% | 17.46% | -0.48% | 6.21% | 5.59% | 8.20% |
| Class A w/Sales Load | -2.63% | 2.84% | 13.81% | 2.84% | 11.61% | -1.67% | 5.77% | 5.76% | 8.46% |
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.
Fund Expenses
| Share Class | Class I | Class A | Class C | Class A w/ Sales Load |
| Prospectus Gross Expense Ratio (11/1/2023) | 1.75% | 2.01% | 2.76% | 2.01% |
| Prospectus Net Expense Ratio (11/1/2023) | 1.28% | 1.53% | 2.28% | 1.53% |
| Annual Report Net Expense Ratio (6/30/2023)* | 1.28% | 1.53% | 2.28% | 1.53% |
* 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 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 1.53%. 2.28% and 1.28% for Class A shares, Class C shares and Class I shares, respectively, for all share classes through October 31, 2024.
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 performance of the Fund may be subject to substantial short-term changes. 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. These factors may affect the value of your investment.
4874-NLD-5/27/2021
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