Catalyst Energy Infrastructure Fund
Tickers: MLXAX | MLXCX | MLXIX
Fund Objective
The Fund’s objective is current income and capital appreciation.
Reasons to Invest
The Catalyst Energy Infrastructure Fund invests in publicly-listed equity securities of U.S. and Canadian companies that generate a majority of their cash flow from midstream energy infrastructure activities.
Advantages Over Traditional MLPs
By focusing on GPs, the Fund offers potential advantages over traditional MLPs, including preferential economics, greater control and faster growth.
Attractive Yield Potential
The Fund focuses on reliable distributions with growth prospects linked to midstream energy companies, such as pipeline and storage businesses, which own and develop long-lived assets with recurring distributions and attractive growth prospects.
Long Track Record
In 2005, the Portfolio Manager seeded Alerian Capital Management (who developed the primary index for the sector) and has been investing in energy infrastructure ever since.
Preferential Tax Treatment
The Fund keeps MLP investments to less than 25% to avoid the corporate tax incurred by mutual funds and ETFs that invest primarily in MLPs. Fund investors will receive a 1099.
Portfolio Manager Insights
Fund Management
Investment Advisor:
Catalyst Capital Advisors LLC
Sub-Advisor:
SL Advisors, LLC
Portfolio Manager
Simon Lack, CFA
Co-Portfolio Manager
Henry Hoffman
Fund Overview
| Ticker | MLXIX | MLXAX | MLXCX | MLXAX |
| Share Class | Class I | Class A | Class C | Class A w/ Sales Load |
| CUSIP | 62827M243 | 62827M268 | 62827M250 | 62827M268 |
| Inception Date | 2014-12-22T00:00:00 | 2014-12-22T00:00:00 | 2014-12-22T00:00:00 | 2014-12-22T00:00:00 |
| 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 | 29.14 | 29 | 28.95 | 29 |
| NAV Change | 0.26 | 0.25 | 0.26 | 0.25 |
| % NAV Change | 0.90% | 0.87% | 0.91% | 0.87% |
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 | 10.56% | 19.71% | 25.35% | 45.95% | 49.79% | 25.95% | 17.64% | N/A | 4.32% |
| Class A | 10.55% | 19.65% | 25.19% | 45.61% | 49.40% | 25.64% | 17.33% | N/A | 4.05% |
| Class C | 10.49% | 19.46% | 24.71% | 44.69% | 48.27% | 24.70% | 16.48% | N/A | 3.30% |
| Class A w/Sales Load | 4.18% | 12.77% | 18.00% | 37.21% | 40.78% | 23.17% | 15.95% | N/A | 3.43% |
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 | 0.28% | 3.53% | 12.45% | 26.18% | 32.04% | 22.18% | 12.74% | N/A | 2.83% |
| Class A | 0.26% | 3.48% | 12.32% | 25.97% | 31.70% | 21.88% | 12.50% | N/A | 2.57% |
| Class C | 0.20% | 3.29% | 11.87% | 25.27% | 30.74% | 20.98% | 11.64% | N/A | 1.83% |
| Class A w/Sales Load | -5.50% | -2.48% | 5.85% | 18.70% | 24.13% | 19.49% | 11.18% | N/A | 1.95% |
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 (11/1/2024) | 1.48% | 1.73% | 2.48% | 1.73% |
| Prospectus Net Expense Ratio (11/1/2024) | 1.43% | 1.68% | 2.43% | 1.68% |
| Annual Report Net Expense Ratio (6/30/2024)* | 1.43% | 1.68% | 2.43% | 1.68% |
* 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 1.68%, 2.43% and 1.43% 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 |
|---|---|---|---|---|---|---|
| MLXIX | 10/29/2024 | 10/30/2024 | 0.1238 | 26.53 | ||
| MLXIX | 9/26/2024 | 9/27/2024 | 0.1202 | 25.26 | 2.44% | 2.42% |
| MLXIX | 8/28/2024 | 8/29/2024 | 0.1215 | 25.18 | 2.69% | 2.67% |
| MLXIX | 7/29/2024 | 7/30/2024 | 0.121 | 25.33 | 2.58% | 2.56% |
| MLXIX | 6/26/2024 | 6/27/2024 | 0.1189 | 24.66 | 2.67% | 2.64% |
| MLXIX | 5/29/2024 | 5/30/2024 | 0.1212 | 23.25 | 3.08% | 3.06% |
| MLXIX | 4/26/2024 | 4/29/2024 | 0.1195 | 23.52 | 3.47% | 3.44% |
| MLXIX | 3/26/2024 | 3/27/2024 | 0.1169 | 22.89 | 3.15% | 3.11% |
| MLXIX | 2/27/2024 | 2/28/2024 | 0.118 | 21.39 | 3.70% | 3.65% |
| MLXIX | 1/29/2024 | 1/30/2024 | 0.1149 | 21.41 | 3.80% | 3.75% |
| MLXIX | 12/27/2023 | 12/28/2023 | 0.1171 | 21.01 | 3.42% | 3.36% |
| MLXIX | 11/28/2023 | 11/29/2023 | 0.1177 | 21.06 | 3.78% | 3.73% |
| Ticker | Record Date | Payable Date | Monthly Distribution Amount | Reinvest Price | SEC Yield | Unsubsidized SEC Yield |
|---|---|---|---|---|---|---|
| MLXAX | 10/29/2024 | 10/30/2024 | 0.1179 | 26.41 | ||
| MLXAX | 9/26/2024 | 9/27/2024 | 0.1151 | 25.15 | 2.31% | 2.29% |
| MLXAX | 8/28/2024 | 8/29/2024 | 0.1161 | 25.06 | 2.55% | 2.53% |
| MLXAX | 7/29/2024 | 7/30/2024 | 0.1157 | 25.21 | 2.68% | 2.66% |
| MLXAX | 6/26/2024 | 6/27/2024 | 0.1144 | 24.55 | 2.54% | 2.51% |
| MLXAX | 5/29/2024 | 5/30/2024 | 0.1159 | 23.14 | 2.94% | 2.91% |
| MLXAX | 4/26/2024 | 4/29/2024 | 0.1146 | 23.41 | 3.32% | 3.28% |
| MLXAX | 3/26/2024 | 3/27/2024 | 0.1127 | 22.79 | 3.02% | 2.99% |
| MLXAX | 2/27/2024 | 2/28/2024 | 0.1135 | 21.3 | 3.56% | 3.51% |
| MLXAX | 1/29/2024 | 1/30/2024 | 0.1112 | 21.31 | 3.64% | 3.60% |
| MLXAX | 12/27/2023 | 12/28/2023 | 0.1128 | 20.92 | 3.29% | 3.23% |
| MLXAX | 11/28/2023 | 11/29/2023 | 0.1132 | 20.97 | 3.47% | 3.42% |
| Ticker | Record Date | Payable Date | Monthly Distribution Amount | Reinvest Price | SEC Yield | Unsubsidized SEC Yield |
|---|---|---|---|---|---|---|
| MLXCX | 10/29/2024 | 10/30/2024 | 0.1 | 26.37 | ||
| MLXCX | 9/26/2024 | 9/27/2024 | 0.1 | 25.11 | 1.45% | 1.43% |
| MLXCX | 8/28/2024 | 8/29/2024 | 0.1 | 25.02 | 1.72% | 1.70% |
| MLXCX | 7/29/2024 | 7/30/2024 | 0.1 | 25.17 | 1.56% | 1.54% |
| MLXCX | 6/26/2024 | 6/27/2024 | 0.1 | 24.51 | 1.71% | 1.68% |
| MLXCX | 5/29/2024 | 5/30/2024 | 0.1 | 23.11 | 2.10% | 2.07% |
| MLXCX | 4/26/2024 | 4/29/2024 | 0.1 | 23.38 | 2.47% | 2.44% |
| MLXCX | 3/26/2024 | 3/27/2024 | 0.1 | 22.75 | 2.18% | 2.15% |
| MLXCX | 2/27/2024 | 2/28/2024 | 0.1 | 21.27 | 2.72% | 2.66% |
| MLXCX | 1/29/2024 | 1/30/2024 | 0.1 | 21.28 | 2.80% | 2.75% |
| MLXCX | 12/27/2023 | 12/28/2023 | 0.1 | 20.89 | 2.42% | 2.36% |
| MLXCX | 11/28/2023 | 11/29/2023 | 0.1 | 20.94 | 2.65% | 2.60% |
Effective March 2020, the Fund intends to maintain a target $0.10 monthly distribution on the Class C share such that the Class A and Class I share classes will typically have distributions equal to or greater than $0.10 per share. The distribution may consist of return of capital. No distribution amount is guaranteed.
All or a portion of a distribution may consist of a return of capital (i.e., from your original investment). Shareholders should not assume that the source of a distribution from the Fund is net profit. Shareholders should note that return of capital will reduce the tax basis of their shares and potentially increase the taxable gain, if any, upon disposition of their shares.
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 focuses its investments in the energy infrastructure sector, which may cause the performance of the Fund to be tied closely to developments in the energy sector. The Fund investments may include foreign securities. Foreign companies are not subject to the same regulatory requirements as domestic securities thereby resulting in less publicly available information. Investments in lesser-known, small and medium capitalization companies may be more vulnerable than larger, more established organizations. Investments in MLPs and MLP-related securities involve risks different from those of investing in common stocks. Potential risks include conflicts of interest between an MLP and the MLP’s general partner, cash flow risks, and dilution risks. MLPs and MLP-related securities are generally considered interest-rate sensitive investments. Depending on the state of interest rates in general, the use of MLPs could enhance or harm the overall performance of the Fund. These factors may affect the value of your investment.
9181-NLD-11/3/2020
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