Catalyst/SMH Total
Return Income Fund
An investment approach for current income and growth from total return through a diversified portfolio of income producing securities — unconstrained across bonds, high dividend stocks, REITs, BDCs, MLPs and covered call writing.
Fund Objective
01The Fund's investment objective is income and capital appreciation.
Why Invest in TRI?
02The 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.
Fund Performance
03Returns >1 year annualized. Without sales load. Source: Ultimus Fund Solutions.
Quarter-end data. Returns >1 year annualized. Without sales load.
Monthly Distributions
04| Ticker | Record Date | Payable Date | Monthly Distribution | Reinvest Price | SEC Yield | Unsubsidized SEC Yield |
|---|
All or a portion of a distribution may consist of 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.
Fund Overview
05Fund Documents
06Fund Management
07Fund Expenses
08| Expense Item | Class I (TRIIX) | Class A (TRIFX) | Class C (TRICX) |
|---|---|---|---|
| Prospectus Gross Expense Ratio (11/1/2025) | 2.76% | 3.01% | 3.76% |
| Prospectus Net Expense Ratio (11/1/2025) | 1.95% | 2.20% | 2.95% |
| Annual Report Net Expense Ratio (6/30/2025)* | 1.33% | 1.58% | 2.33% |
*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, 2026.