Catalyst Systematic Alpha Fund
Tickers: ATRAX | ATRCX | ATRFX
Fund Objective
The Fund’s objective is to seek long-term capital appreciation.
Access
Catalyst Funds has partnered with the BNPP QIS Team to create the BNP Paribas Catalyst Systematic Alpha II Index™ (“the “BNPP CASA Index”) in order to access a diversified portfolio of BNPP Index Components, many of which were only known among academics and a few practitioners until recently. Approximate the BNPP CASA Index at www.casaindex.bnpparibas.com.
Reasons to Invest
The Catalyst Systematic Alpha Fund seeks long-term capital appreciation through a multi-risk premia strategy that attempts to capture various sources of systematic risks embedded in the capital markets combined with a fixed income portfolio.
Access
BNP Paribas Catalyst Systematic Alpha II Index (the “BNPP CASA Index”) is designed to provide exposure to strategies that are not typically accessible through traditional investment products or asset classes.
Multi-Strategy Approach
BNPP CASA Index allocates to a range of rules-based BNP Paribas Indices (the “BNPP Index Components”) that were each specifically designed to systematically harvest non-traditional sources of return across the equity, fixed-income, commodity, and currency markets.
Diversification Potential
The Index seeks to maintain a diversified exposure to the selected BNPP Index Components and to generate positive risk-adjusted returns with low correlation to the broad markets.
Fund Management
Investment Advisor: Catalyst Capital Advisors LLC
Portfolio Managers:
David Miller | Senior Portfolio Manager
- Co-Founder, Catalyst Capital Advisors LLC
- Portfolio Manager since May 2015
- BS in Economics, University of Pennsylvania, Wharton School; MBA in Finance, University of Michigan, Ross School of Business
Charles Ashley | Portfolio Manager
- Portfolio Manager since 2017
- BA, Michigan State University, Eli Broad College of Business
- MBA, University of Michigan, Ross School of Business
Fund Overview
| Ticker | ATRFX | ATRAX | ATRCX | ATRAX |
| Share Class | Class I | Class A | Class C | Class A w/ Sales Load |
| CUSIP | 62827M417 | 62827M433 | 62827M425 | 62827M433 |
| Inception Date | 2014-07-31T00:00:00 | 2014-07-31T00:00:00 | 2014-07-31T00:00:00 | 2014-07-31T00:00:00 |
| As of Date | 2024-12-20T00:00:00 | 2024-12-20T00:00:00 | 2024-12-20T00:00:00 | 2024-12-20T00:00:00 |
| Daily NAV | 11.44 | 11.71 | 11.17 | 11.71 |
| NAV Change | 0.07 | 0.08 | 0.08 | 0.08 |
| % NAV Change | 0.62% | 0.69% | 0.72% | 0.69% |
Current Fund Performance
Data as of: 2024-12-20T00:00:00
| 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 | -2.08% | -5.98% | -12.50% | -4.19% | -4.79% | 5.21% | 10.71% | 5.68% | 5.29% |
| Class A | -1.98% | -5.98% | -12.49% | -4.39% | -4.99% | 4.95% | 10.47% | 5.47% | 5.08% |
| Class C | -2.12% | -6.19% | -12.85% | -5.12% | -5.73% | 4.17% | 9.63% | 4.65% | 4.27% |
| Class A w/Sales Load | -7.61% | -11.37% | -17.50% | -9.89% | -10.48% | 2.92% | 9.18% | 4.84% | 4.49% |
Prior to 11/1/2017, Catalyst Systematic Alpha Fund was named Catalyst Intelligent Alternative Fund, which implemented a different investment strategy. Effective July 8, 2022, the equity component managed by a previous sub-advisor is no longer a component of the Fund’s portfolio; the BNP Systematic Alpha strategy remains the same.
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 | -0.61% | -8.58% | -8.98% | 1.36% | 6.00% | 7.73% | 13.79% | 6.01% | 5.99% |
| Class A | -0.53% | -8.60% | -9.11% | 1.16% | 5.70% | 7.46% | 13.52% | 5.81% | 5.78% |
| Class C | -0.61% | -8.78% | -9.47% | 0.60% | 4.96% | 6.71% | 12.67% | 4.99% | 4.96% |
| Class A w/Sales Load | -6.23% | -13.83% | -14.32% | -4.67% | -0.37% | 5.36% | 12.19% | 5.19% | 5.17% |
Prior to 11/1/2017, Catalyst Systematic Alpha Fund was named Catalyst Intelligent Alternative Fund, which implemented a different investment strategy. Effective July 8, 2022, the equity component managed by a previous sub-advisor is no longer a component of the Fund’s portfolio; the BNP Systematic Alpha strategy remains the same.
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) | 1.73% | 1.98% | 2.73% | 1.98% |
| Prospectus Net Expense Ratio (11/1/2024) | 1.79% | 2.04% | 2.79% | 2.04% |
| Annual Report Net Expense Ratio (6/30/2024)* | 1.77% | 2.02% | 2.77% | 2.02% |
*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 advisory 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 2.02%, 2.77% and 1.77% 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 |
|---|---|---|---|---|---|---|
| ATRFX | 11/26/2024 | 11/27/2024 | 0.0167 | 11.78 | ||
| ATRFX | 10/29/2024 | 10/30/2024 | 0.0193 | 12 | ||
| ATRFX | 9/26/2024 | 9/27/2024 | 0.0159 | 12.23 | ||
| ATRFX | 8/28/2024 | 8/29/2024 | 0.1963 | 12.22 | ||
| ATRFX | 7/29/2024 | 7/30/2024 | 0.0188 | 13.33 | ||
| ATRFX | 6/26/2024 | 6/27/2024 | 0.0194 | 13.46 | ||
| ATRFX | 5/29/2024 | 5/30/2024 | 0.0268 | 13.38 | ||
| ATRFX | 4/26/2024 | 4/29/2024 | 0.0234 | 13.46 | ||
| ATRFX | 3/26/2024 | 3/27/2024 | 0.0206 | 13.68 | ||
| ATRFX | 2/27/2024 | 2/28/2024 | 0.0205 | 12.75 | ||
| ATRFX | 1/29/2024 | 1/30/2024 | 0.0164 | 12.54 | ||
| ATRFX | 12/27/2023 | 12/28/2023 | 0.0326 | 12.39 |
| Ticker | Record Date | Payable Date | Monthly Distribution Amount | Reinvest Price | SEC Yield | Unsubsidized SEC Yield |
|---|---|---|---|---|---|---|
| ATRAX | 11/26/2024 | 11/27/2024 | 0.0142 | 12.05 | ||
| ATRAX | 10/29/2024 | 10/30/2024 | 0.0165 | 12.28 | ||
| ATRAX | 9/26/2024 | 9/27/2024 | 0.0135 | 12.51 | ||
| ATRAX | 8/28/2024 | 8/29/2024 | 0.1936 | 12.5 | ||
| ATRAX | 7/29/2024 | 7/30/2024 | 0.0159 | 13.63 | ||
| ATRAX | 6/26/2024 | 6/27/2024 | 0.0169 | 13.77 | ||
| ATRAX | 5/29/2024 | 5/30/2024 | 0.024 | 13.68 | ||
| ATRAX | 4/26/2024 | 4/29/2024 | 0.0207 | 13.77 | ||
| ATRAX | 3/26/2024 | 3/27/2024 | 0.0183 | 13.99 | ||
| ATRAX | 2/27/2024 | 2/28/2024 | 0.018 | 13.03 | ||
| ATRAX | 1/29/2024 | 1/30/2024 | 0.0142 | 12.82 | ||
| ATRAX | 12/27/2023 | 12/28/2023 | 0.0299 | 12.67 |
| Ticker | Record Date | Payable Date | Monthly Distribution Amount | Reinvest Price | SEC Yield | Unsubsidized SEC Yield |
|---|---|---|---|---|---|---|
| ATRCX | 11/26/2024 | 11/27/2024 | 0.0076 | 11.5 | ||
| ATRCX | 10/29/2024 | 10/30/2024 | 0.0084 | 11.72 | ||
| ATRCX | 9/26/2024 | 9/27/2024 | 0.0068 | 11.95 | ||
| ATRCX | 8/28/2024 | 8/29/2024 | 0.1859 | 11.94 | ||
| ATRCX | 7/29/2024 | 7/30/2024 | 0.0078 | 13.03 | ||
| ATRCX | 6/26/2024 | 6/27/2024 | 0.0098 | 13.15 | ||
| ATRCX | 5/29/2024 | 5/30/2024 | 0.0161 | 13.08 | ||
| ATRCX | 4/26/2024 | 4/29/2024 | 0.0132 | 13.16 | ||
| ATRCX | 3/26/2024 | 3/27/2024 | 0.011 | 13.37 | ||
| ATRCX | 2/27/2024 | 2/28/2024 | 0.0102 | 12.46 | ||
| ATRCX | 1/29/2024 | 1/30/2024 | 0.0082 | 12.26 | ||
| ATRCX | 12/27/2023 | 12/28/2023 | 0.0217 | 12.12 |
Investors should carefully consider the investment objectives, risks, charges and expenses of the Catalyst Funds. This and other important information about the Fund is contained in the prospectus, which can be obtained by calling 866-447-4228 or at www.CatalystMF.com. The prospectus should be read carefully before investing. The Catalyst Funds are distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. Catalyst Capital Advisors, LLC is not affiliated with Northern Lights Distributors, LLC
There is no assurance that the Fund will achieve its investment objective.
Investing in the Fund carries certain risks. The Fund will invest a percentage of its assets in derivatives, such as futures and options contracts. The use of such derivatives and the resulting high portfolio turnover may expose the Fund to additional risks that it would not be subject to if it invested directly in the securities and commodities underlying those derivatives. The Fund may experience losses that exceed those experienced by funds that do not use futures contracts, options and hedging strategies. Investing in the commodities markets may subject the Fund to greater volatility than investments in traditional securities. There are risks associated with the sale and purchase of call and put options. Emerging market securities tend to be more volatile and less liquid than securities traded in developed countries. 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 performance of the Fund may be subject to substantial short term changes. Because the Fund invests in affiliated underlying funds, unaffiliated underlying funds, or a combination of both, the Advisor is subject to conflicts of interest in allocating the Fund's assets among the underlying funds. Investments in underlying funds that own small and mid-capitalization companies may be more vulnerable than larger, more established organizations. The Fund may invest in lower-quality, non-investment grade bonds (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 in general fall when interest rates rise. These factors may affect the value of your investment.
BNP Paribas Catalyst Systematic Alpha II Index™ is a rules-based Index designed to capitalize on structural inefficiencies and behavioral biases (risk premia) present within the equity, fixed-income, commodity, and currency markets. The BNPP CASA Index is composed of six rules-based Index Components created by BNP Paribas (each, a “BNPP Index Component”).
BNP Paribas does not sponsor, endorse, sell, or promote any investment fund or other vehicle that is offered by third parties and that seeks to provide an investment return based on the returns of the BNP Paribas catalyst systematic alpha index (the “index”). A decision to invest in any such investment fund or other vehicle should not be made in reliance on any of the statements set forth in this document. Prospective investors are advised to make an investment in any such fund or vehicle only after carefully considering the risks associated with investing in such funds, as detailed in an offering memorandum or similar document that is prepared by or on behalf of the issuer of the investment fund or vehicle. You cannot invest directly in an index and unmanaged index returns do not reflect any fees, expenses or sales charges.
1816-NLD-08252022
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