Catalyst/Teza Algorithmic Allocation Fund
Tickers: TEZAX | TEZCX | TEZIX
Fund Objective
The Fund’s investment objective is to seek long-term capital appreciation.
Reasons to Invest
Diversified Exposure
The Fund provides exposure to up to 39 major global asset classes, including equity indexes, government bond interest rates, and commodities, such as energy,
precious metals, base metals, agriculturals, and grains
Algorithmic Dynamic Risk Allocation
The trading strategy rebalances positions and risk exposure, generally daily, in response to certain market conditions, such as strong positive correlation between stocks and bonds or changes in that correlation. The Fund’s strategy is intended as improvement upon static risk models, which are rebalanced less frequently and, as a result, may deliver less consistent levels of risk exposure.
Target Volatility
The Fund is actively managed to a target range of 9% to 12% annualized volatility. Volatility is a statistical measure of the magnitude of changes in the Fund’s returns without regard to the direction of the returns.
Target Allocations
Fund Management
Investment Sub-Advisor:
Teza Capital Management LLC
Dr. Mikhail Malyshev | Portfolio Manager
- CEO of Teza Group LLC since its founding in 2009
- Previously Managing Director and Global Head of High Frequency Trading at Citadel Investment Group, L.L.C.
- Prior to Citadel, was consultant with McKinsey & Company and performed scientific research at Bell Labs
- Ph.D. in Astrophysics from Princeton University and M.S. in Theoretical Physics and B.S. summa cum laude in Physics and Mathematics from Moscow Institute of Physics and Technology
Dr. Reinhold Gebert | Portfolio Manager
- COO and CRO of Teza Group LLC since 2017
- Prior experience at Gresham Investment Management, a commodities hedge fund
manager, Barclays Wealth Americas, Lehman Brothers, and McKinsey & Company - Ph.D. in Theoretical Physics from the University of Hamburg, M.Sc. In Mathematics with distinction from King’s College London, and undergraduate
degree from the Technical University of Munich
Fund Overview
Data as of: 2021-01-13T00:00:00
Ticker | TEZIX | TEZAX | TEZCX | TEZAX |
Share Class | Class I | Class A | Class C | Class A w/ Sales Load |
CUSIP | 62827P295 | 62827P329 | 62827P311 | 62827P329 |
Inception Date | 12/31/2019 | 12/31/2019 | 12/31/2019 | 12/31/2019 |
As of Date | 2021-01-13T00:00:00 | 2021-01-13T00:00:00 | 2021-01-13T00:00:00 | 2021-01-13T00:00:00 |
Daily NAV | 9.15 | 9.15 | 9.1 | 9.15 |
NAV Change | 0.05 | 0.05 | 0.05 | 0.05 |
% NAV Change | 0.55% | 0.55% | 0.55% | 0.55% |
Current Fund Performance
Data as of: 2021-01-13T00:00:00
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 | 0.20% | -7.24% | -2.31% | -0.87% | -3.18% | N/A | N/A | N/A | -2.33% |
Class A | 0.20% | -7.34% | -2.45% | -0.87% | -3.42% | N/A | N/A | N/A | -2.56% |
Class C | 0.09% | -7.58% | -2.93% | -0.98% | -4.18% | N/A | N/A | N/A | -3.39% |
Class A w/Sales Load | -5.54% | -12.66% | -8.07% | -6.54% | -8.93% | N/A | N/A | N/A | -7.97% |
Quarterly Fund Performance
Data as of Quarter End: 2020-12-31T00:00:00
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 | 0.66% | -4.05% | 1.49% | -1.55% | -1.55% | N/A | N/A | N/A | -1.55% |
Class A | 0.66% | -4.16% | 1.35% | -1.79% | -1.79% | N/A | N/A | N/A | -1.79% |
Class C | 0.56% | -4.28% | 0.98% | -2.56% | -2.56% | N/A | N/A | N/A | -2.56% |
Class A w/Sales Load | -5.08% | -9.63% | -4.47% | -7.44% | -7.44% | N/A | N/A | N/A | -7.44% |
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 Distributions
Ticker | Record Date | Payable Date | Distribution NAV | Income | Short-Term Gain | Long-Term Gain |
BUYIX | 2017-12-14T00:00:00 | 2017-12-15T00:00:00 | 10.66 | N/A | 2.2244 | N/A |
BUYIX | 2016-12-15T00:00:00 | 2016-12-16T00:00:00 | 10.87 | 0.0534 | N/A | N/A |
BUYIX | 2015-12-17T00:00:00 | 2015-12-18T00:00:00 | 9.26 | 0.1032 | N/A | N/A |
BUYIX | 2014-12-17T00:00:00 | 2014-12-18T00:00:00 | 9.42 | N/A | 0.3808 | N/A |
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 | 5.55% | 13.28% | 23.01% | 2.51% | 2.51% | 3.76% | 9.03% | N/A | 6.27% |
Class A | 5.50% | 13.18% | 22.84% | 2.25% | 2.25% | 3.49% | 8.77% | N/A | 5.99% |
Class C | 5.36% | 12.92% | 22.33% | 1.38% | 1.38% | 2.70% | 7.95% | N/A | 5.20% |
Class A w/Sales Load | -0.60% | 6.67% | 15.79% | -3.65% | -3.65% | 1.47% | 7.50% | N/A | 5.10% |
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 | 5.55% | 13.28% | 23.01% | 2.51% | 2.51% | 3.76% | 9.03% | N/A | 6.27% |
Class A | 5.50% | 13.18% | 22.84% | 2.25% | 2.25% | 3.49% | 8.77% | N/A | 5.99% |
Class C | 5.36% | 12.92% | 22.33% | 1.38% | 1.38% | 2.70% | 7.95% | N/A | 5.20% |
Class A w/Sales Load | -0.60% | 6.67% | 15.79% | -3.65% | -3.65% | 1.47% | 7.50% | N/A | 5.10% |
Fund Expenses
Data as of: 2021-01-13T00:00:00
Share Class | Class I | Class A | Class C | Class A w/ Sales Load |
Prospectus Gross Expense Ratio (10/1/2020) | 4.14% | 4.39% | 5.14% | 4.39% |
Prospectus Net Expense Ratio (10/1/2020) | 2.03% | 2.28% | 3.03% | 2.28% |
Annual Report Net Expense Ratio (6/30/2020) | 1.99% | 2.24% | 2.99% | 2.24% |
*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 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 2.24%, 2.99% and 1.99% for Class A shares, Class C shares and Class I shares, respectively, through October 31, 2021.
Important Risk Considerations
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 a new mutual fund and has a limited history of operations for investors to evaluate. Investors in the Fund bear the risk that the Fund may not be successful in implementing its investment strategies. 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 is subject to concentration risk. The Fund’s performance may be volatile as the Funds’s performance may be subject to substantial changes, both long term and short term. The Advisor executes a portion of the Fund’s strategy by investing up to 25% of its total assets in a wholly-owned and controlled subsidiary. The subsidiary will not be registered under the 1940 Act and, unless otherwise noted in this Prospectus, will not be subject to all of the investor protections of the 1940 Act. Your cost in investing in the Fund will be higher because the investor indirectly bears the expenses of the Subsidiary by virtue of the Fund’s investment in the Subsidiary. Investments in commodities and futures may be especially volatile. The risk of loss in trading commodities and futures can be substantial. Investors should carefully consider whether such trading is suitable for their financial condition. These factors may affect the value of your investment.
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 1-866-447-4228 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.
4986-NLD-10/2/2020