Catalyst/SMH Total Return Income Fund
Tickers: TRIFX | TRICX | TRIIX
Fund Objective
The Fund’s investment objective is income and capital appreciation
Reasons to Invest
The Catalyst/SMH Total Return Income Fund offers investors an investment approach for current income and growth from total return through a diversified portfolio of income producing securities.
Diversified Income
The Fund seeks to provide current income through a broad range of bond and income-oriented equity investments including high dividend stocks, REITs, BDCs and MLPs.
Unconstrained
The Fund is not constrained by specific security types and can use a wide range of investments to discover value and maximize returns at any given level of risk.
Focused Portfolio
The portfolio is focused with the investments we believe offer the best total return relative to the risk.
Portfolio Manager Insights
Fund Management
Investment Advisor:
Catalyst Capital Advisors LLC
Investment Sub-Advisor:
SMH Capital Advisors, LLC
Portfolio Managers:
Dwayne Moyers | President and CIO
Fund Overview
| Ticker | TRIIX | TRIFX | TRICX | TRIFX |
| Share Class | Class I | Class A | Class C | Class A w/ Sales Load |
| CUSIP | 62827M839 | 62827L807 | 62827L880 | 62827L807 |
| Inception Date | 2013-07-01T00:00:00 | 2008-05-21T00:00:00 | 2008-05-21T00:00:00 | 2008-05-21T00:00:00 |
| As of Date | 2024-12-02T00:00:00 | 2024-12-02T00:00:00 | 2024-12-02T00:00:00 | 2024-12-02T00:00:00 |
| Daily NAV | 4.94 | 4.95 | 4.94 | 4.95 |
| NAV Change | -0.02 | -0.03 | -0.03 | -0.03 |
| % NAV Change | -0.40% | -0.60% | -0.60% | -0.60% |
Current Fund Performance
Data as of: 2024-12-02T00:00:00
| 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 | 3.64% | 4.99% | 9.75% | 13.39% | 18.04% | 5.68% | 9.16% | 5.74% | 4.68% |
| Class A | 3.61% | 4.69% | 9.58% | 13.09% | 17.69% | 5.40% | 8.86% | 5.46% | 3.93% |
| Class C | 3.34% | 4.51% | 8.96% | 12.11% | 16.85% | 4.61% | 8.05% | 4.67% | 3.15% |
| Class A w/Sales Load | -2.35% | -1.33% | 3.28% | 6.59% | 10.92% | 3.34% | 7.58% | 4.83% | 3.56% |
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 | 1.99% | 5.58% | 6.84% | 10.15% | 19.51% | 4.67% | 8.91% | 5.16% | 4.48% |
| Class A | 1.75% | 5.49% | 6.46% | 9.91% | 18.88% | 4.39% | 8.61% | 4.88% | 3.79% |
| Class C | 1.90% | 5.30% | 6.28% | 9.32% | 18.28% | 3.61% | 7.85% | 4.12% | 3.02% |
| Class A w/Sales Load | -4.10% | -0.58% | 0.33% | 3.59% | 12.05% | 2.35% | 7.33% | 4.26% | 3.41% |
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) | 3.36% | 3.61% | 4.36% | 3.61% |
| Prospectus Net Expense Ratio (11/1/2024) | 2.68% | 2.93% | 3.68% | 2.93% |
| Annual Report Net Expense Ratio (6/30/2024)* | 1.33% | 1.58% | 2.33% | 1.58% |
* 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 1.58%, 2.33% and 1.33% 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 |
|---|---|---|---|---|---|---|
| TRIIX | 10/29/2024 | 10/30/2024 | 0.0376 | 4.83 | ||
| TRIIX | 9/26/2024 | 9/27/2024 | 0.0356 | 4.86 | 5.58% | 4.86% |
| TRIIX | 8/28/2024 | 8/29/2024 | 0.0358 | 4.79 | 5.50% | 4.77% |
| TRIIX | 7/29/2024 | 7/30/2024 | 0.0297 | 4.84 | 5.74% | 5.02% |
| TRIIX | 6/26/2024 | 6/27/2024 | 0.0259 | 4.69 | 6.47% | 5.52% |
| TRIIX | 5/29/2024 | 5/30/2024 | 0.0252 | 4.67 | 6.39% | 5.71% |
| TRIIX | 4/26/2024 | 4/29/2024 | 0.0246 | 4.66 | 6.60% | 5.90% |
| TRIIX | 3/26/2024 | 3/27/2024 | 0.0216 | 4.71 | 6.68% | 6.13% |
| TRIIX | 2/27/2024 | 2/28/2024 | 0.0203 | 4.62 | 6.41% | 5.84% |
| TRIIX | 1/29/2024 | 1/30/2024 | 0.021 | 4.67 | 6.44% | 5.83% |
| TRIIX | 12/27/2023 | 12/28/2023 | 0.0347 | 4.67 | 6.46% | 5.80% |
| TRIIX | 11/28/2023 | 11/29/2023 | 0.0261 | 4.46 | 7.04% | 6.33% |
| Ticker | Record Date | Payable Date | Monthly Distribution Amount | Reinvest Price | SEC Yield | Unsubsidized SEC Yield |
|---|---|---|---|---|---|---|
| TRIFX | 10/29/2024 | 10/30/2024 | 0.0365 | 4.85 | ||
| TRIFX | 9/26/2024 | 9/27/2024 | 0.0346 | 4.88 | 4.97% | 4.29% |
| TRIFX | 8/28/2024 | 8/29/2024 | 0.0347 | 4.81 | 4.91% | 4.22% |
| TRIFX | 7/29/2024 | 7/30/2024 | 0.0286 | 4.86 | 5.17% | 4.49% |
| TRIFX | 6/26/2024 | 6/27/2024 | 0.0249 | 4.71 | 5.78% | 4.88% |
| TRIFX | 5/29/2024 | 5/30/2024 | 0.0241 | 4.68 | 5.74% | 5.10% |
| TRIFX | 4/26/2024 | 4/29/2024 | 0.0236 | 4.68 | 5.95% | 5.29% |
| TRIFX | 3/26/2024 | 3/27/2024 | 0.0207 | 4.73 | 6.03% | 5.52% |
| TRIFX | 2/27/2024 | 2/28/2024 | 0.0193 | 4.63 | 5.80% | 5.26% |
| TRIFX | 1/29/2024 | 1/30/2024 | 0.0202 | 4.68 | 5.85% | 5.28% |
| TRIFX | 12/27/2023 | 12/28/2023 | 0.0337 | 4.68 | 5.84% | 5.21% |
| TRIFX | 11/28/2023 | 11/29/2023 | 0.0251 | 4.48 | 6.38% | 5.72% |
| Ticker | Record Date | Payable Date | Monthly Distribution Amount | Reinvest Price | SEC Yield | Unsubsidized SEC Yield |
|---|---|---|---|---|---|---|
| TRICX | 10/29/2024 | 10/30/2024 | 0.0331 | 4.84 | ||
| TRICX | 9/26/2024 | 9/27/2024 | 0.0317 | 4.87 | 4.54% | 3.82% |
| TRICX | 8/28/2024 | 8/29/2024 | 0.0315 | 4.8 | 4.50% | 3.76% |
| TRICX | 7/29/2024 | 7/30/2024 | 0.0256 | 4.85 | 4.77% | 4.05% |
| TRICX | 6/26/2024 | 6/27/2024 | 0.0221 | 4.7 | 5.41% | 4.46% |
| TRICX | 5/29/2024 | 5/30/2024 | 0.021 | 4.68 | 5.38% | 4.71% |
| TRICX | 4/26/2024 | 4/29/2024 | 0.0205 | 4.67 | 5.58% | 4.89% |
| TRICX | 3/26/2024 | 3/27/2024 | 0.018 | 4.72 | 5.66% | 5.11% |
| TRICX | 2/27/2024 | 2/28/2024 | 0.0163 | 4.63 | 5.39% | 4.82% |
| TRICX | 1/29/2024 | 1/30/2024 | 0.0177 | 4.68 | 5.45% | 4.85% |
| TRICX | 12/27/2023 | 12/28/2023 | 0.0305 | 4.67 | 5.45% | 4.79% |
| TRICX | 11/28/2023 | 11/29/2023 | 0.0222 | 4.47 | 6.03% | 5.33% |
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.
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 may be subject to substantial short-term changes. 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 invests in the securities of foreign companies which are generally not subject to the same regulatory requirements and have different accounting, auditing and financial reporting standards from those applicable to U.S. companies. The Fund invests in lower-quality, non-investment grade bonds rated Baa or lower by Moody’s or BBB 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. A credit rating is the rating firms opinion on the general creditworthiness of an obligor, or the creditworthiness of an obligor with respect to a particular debt security or other financial obligation. These factors may affect the value of your investment.
7083-NLD-9/4/2019
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