Catalyst/Millburn Hedge Strategy Fund (MBXIX) Nominated by Investors Choice Awards 2017 Americas for: “Multi-Strategy Fund of 2016” and “Multi-Strategy Fund-Long Term Performance”

Huntington, New York – March 23, 2017– Catalyst Funds, an alternative-focused mutual fund company, is pleased to announce that the Catalyst/Millburn Hedge Strategy Fund (MBXIX) has been nominated for The Investors Choice Awards 2017 Americas in two categories: Multi-Strategy Fund of 2016 and Multi- Strategy Fund-Long Term Performance.

The awards are judged by a distinguished panel of institutional investors that take into account a set of qualitative criteria covering the investment process, risk management framework and depth of research team, as well as a set of quantitative performance measures including annualized returns, volatility, and maximum drawdown.

“Catalyst is pleased that the Catalyst/Millburn Hedge Strategy Fund has been recognized by the Investors Choice Awards with nominations in two categories this year,” said Jerry Szilagyi, CEO of Catalyst Funds. “One of MBXIX’s goals is to provide value over time and across a range of market conditions. This nomination is evidence that many investors share similar goals.”

The fund’s portfolio is comprised of two distinct components: Long/Short Futures, Commodities & FX and Global Equity Exposure. The long/short futures and forward positions in currency, fixed income, stock index and commodity instruments are determined by multi-factor, quantitative and systematic trading and investment strategies, which respond to varied market conditions. This portfolio of global liquid instruments and strategies has historically performed well in periods of stress for equities. MBXIX is sub- advised by Millburn Ridgefield Corporation.

Annualized Return Performance for MBXIX as of December 31, 2016:

1 Year:	17.99%
5 Years:	10.04%
Since 1/1/1997:	11.39%

Barry Goodman, Grant Smith, Harvey Beker and George E. Crapple are the portfolio managers of the Fund. For more information on MBXIX, please visit: www.catalystmf.com.

About Catalyst Funds

Catalyst Funds currently offers 25 distinctive funds that provide various strategies with the goal of producing income- and equity-oriented returns while seeking to control risk and volatility. Catalyst offers these exclusive strategies through a team of in-house portfolio managers and boutique institutional investment management partners. The firm strives to provide innovative strategies to support financial advisors and their clients in meeting the investment challenges of an ever-changing global market environment. For more information on Catalyst Funds and its various offerings, please visit: www.catalystmf.com.

Performance (%): Ending December 31, 2016

Share Class/Benchmark	1 Year	3 Years	5 Years	10 Years	Since Inception*
Class I	17.99	13.57	10.04	8.63	11.39
S&P 500 TR Index	11.96	8.87	14.66	6.95	7.68
ML 3 Month T-Bill Index	0.33	0.14	0.12	0.80	2.29
Class A	17.76	n/a	n/a	n/a	16.77
Class C	16.85	n/a	n/a	n/a	15.87
S&P 500 TR Index	11.96	n/a	n/a	n/a	7.21
ML 3 Month T-Bill Index	0.33	n/a	n/a	n/a	0.34
Class A w/ Sales Charge	11.01	n/a	n/a	n/a	10.09

*Inception: 1/1/1997 (I Share), 12/28/2015 (A&C Shares)

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.

*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; underlying fund expenses; borrowing costs, such as (a) interest and (b) dividends on securities sold short; taxes; and extraordinary expenses) at 2.24%, 2.99% and 1.99% for Class A shares, Class C shares and Class I shares, respectively, through December 31, 2017.

Mutual Funds have investment risks including loss of principal. There is no guarantee the Fund will meet its objective. Investing in the commodities markets can subject the Fund to potentially greater volatility than traditional securities. Investments in foreign securities could subject the Fund to greater risks including, currency fluctuation, economic conditions and different governmental and accounting standards.

Please consider the Fund’s investment objectives, risks and charges carefully before investing. This and other important information about the Catalyst Funds can be found in the Fund’s current prospectus, which may be obtained by calling your Financial Advisor or shareholder services at 866-447- 4228. Please read the prospectus carefully before investing. The Catalyst Funds are distributed by Northern Lights Distributors, LLC, member FINRA/SIPC.

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 turn- over 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 commodities markets may subject the Fund to greater volatility than investments in traditional securities. Currency trading risks include market risk, credit risk and country risk. Foreign investing involves risks not typically associated with U.S. investments. Changes in interest rates and the liquidity of certain investments could affect the Fund’s overall performance. The Fund is non-diversified and as a result, changes in the value of a single security may have significant effect on the Fund’s value. Other risks include U.S. Government securities risks and investments in fixed income securities. Typically, a rise in interest rates causes a decline in the value of fixed income securities or derivatives owned by the Fund. Furthermore, the use of leveraging can magnify the potential for gain or loss and amplify the effects of market volatility on the Fund’s share price. The Fund is subject to regulatory change and tax risks; changes to current rules could increase costs associated with an investment in the Fund. These factors may affect the value of your investment.

Performance shown before December 28, 2015 is for the Fund’s Predecessor Fund (Millburn Hedge Fund, L.P.). The prior performance is net of management fees and other expenses including the effect of the performance fee. The Predecessor Fund had an investment objective and strategies that were, in all material respects, the same as those of the Fund, and was managed in a manner that, in all material respects, complied with the investment guidelines and restrictions of the Fund. From its inception through December 28, 2015, the Predecessor Fund was not subject to certain investment restrictions, diversification requirements and other restrictions of the 1940 Act of the Code, which if they had been applicable, might have adversely affected its performance. In addition, the Predecessor Fund was not subject to sales loads that would have adversely affected performance. Performance of the predecessor fund is not an indicator of future results.

4242-NLD- 3/22/2017