Decidedly Different

We strive to provide innovative strategies to support financial advisors and their clients in meeting the investment challenges of an ever changing global market environment.

The foundation of our investment philosophy is built upon three key strategies:

Alternative/Hedged Strategies

Income-Oriented Strategies

Equity-Oriented Strategies

Why do leading investment managers partner with Catalyst and Rational?

Investment managers partner with us to launch and efficiently and effectively manage ‘40 Act products. Our sub-advisor and portfolio manager partners often previously worked at some of the largest and most respected banks, hedge funds and investment companies worldwide before starting or joining their current firm. The Catalyst and Rational platform offers the opportunity for these leading managers and their firms to succeed in the ‘40 Act space, providing: operational efficiencies and expertise, investment operations infrastructure, risk management, compliance and regulatory support, marketing bandwidth and expertise, distribution support, expertise and opportunity for expansion.

Our Leadership Team

Chief Operating Officer
Michael Schoonover

Head of Intermediary Distribution
Robert McNeal

President/CEO/Co-Founder

Jerry Szilagyi

Mr. Szilagyi is President and CEO of Catalyst Capital Advisors LLC and Rational Advisors, Inc. He is an experienced financial professional having worked in various management, consultant, and investment banking positions in the asset management industry since 1983. Mr. Szilagyi has a Bachelor of Science degree from Rensselaer Polytechnic Institute and a Master of Business Administration degree from New York University Stern School of Business.

CIO/Co-Founder

David Miller

Mr. Miller is Chief Investment Officer and Senior Portfolio Manager of Catalyst Capital Advisors LLC and Rational Advisors, Inc. He received a Bachelor of Science degree in Economics from the University of Pennsylvania, Wharton School, and a Master of Business Administration in Finance from the University of Michigan, Ross School of Business.

Chief Operating Officer

Michael Schoonover

Michael Schoonover is Chief Operating Officer of Catalyst Capital Advisors LLC, Catalyst International Advisors LLC and Rational Advisors, Inc. He is an experienced financial professional having worked in various portfolio management, operations management, and trust officer roles. He serves in various executive roles for U.S. registered investment advisers and marketing and consulting companies in the investment management industry. He is President of Mutual Fund Series Trust, President of Mutual Fund & Variable Insurance Trust, and President of Strategy Shares. Mr. Schoonover has a Bachelor of Science degree in biochemistry from the University of Michigan and a Master of Business Administration degree with high distinction from the University of Michigan.

Chief Risk Officer

Lawrence Lai

Mr. Lai is the Chief Risk Officer for Catalyst Capital Advisors LLC and Rational Advisors, Inc. Previously, Mr. Lai served as Senior Vice President at Wedbush Securities, where he oversaw risk management for the futures division. Mr. Lai received a Bachelor of Arts degree in Economics from the University of Chicago and carries a Chartered Financial Analyst (CFA) designation.

Chief Compliance Officer

Robert Glass

Mr. Glass is the Chief Compliance Officer for Catalyst Capital Advisors LLC and Rational Advisors, Inc. Prior to joining Catalyst in 2012, he was Vice President of Global Client Services for Ivy Asset Management, LLC. Mr. Glass received a Bachelor of Science degree in Accounting from the City University of New York.

Head of National Sales

Larry Milder

Mr. Milder is the Head of National Sales for Catalyst Capital Advisors LLC and Rational Advisors, Inc. Mr. Milder is also President and CEO for Alt Fund Distributors, an affiliated broker dealer and mutual fund marketing company. He received a Bachelor of Science degree and Bachelor of Arts degree from American International College, and a Master of Science from Boston University.

Head of Intermediary Distribution

Robert McNeal

Mr. McNeal is the Head of Intermediary Distribution for Catalyst Capital Advisors LLC and Rational Advisors, Inc., and a member of the firm’s Executive Committee. Prior to joining the firm, Mr. McNeal worked as a consultant, as well as within the Wealth Management division of Raymond James & Associates. Mr. McNeal received a Bachelor of Science degree in Finance from the University of North Florida.

Portfolio Manager

Charlie Ashley

Mr. Ashley has been a Portfolio Manager of Catalyst Capital Advisors LLC and Rational Advisors, Inc., since November 2017. He joined the Advisor as a Senior Financial Analyst in February 2016. He is primarily responsible for providing investment research and assisting with the day-to-day management of several Catalyst funds.

Disclosures

Disclosure: The Thomson Reuters Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Lipper Fund Award. For more information, see www.lipperfundawards.com. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper. There is no assurance that the Fund will achieve its investment objective.

Disclosure: The awards are judged by a distinguished panel of institutional investors in funds and they 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. Please note the judging period is from January 1 2016 – December 31 2016.

Disclosure: Lipper Fund Classification Awards
The currency for the calculation corresponds to the currency of the country for which the awards are calculated and relies on monthly data. Classification averages are calculated with all eligible share classes for each eligible classification. The calculation periods extend over 36, 60, and 120 months. The highest Lipper Leader for Consistent Return (Effective Return) value within each eligible classification determines the fund classification winner over three, five, or 10 years. For a detailed explanation, please review the Lipper Leaders methodology document on www.lipperalpha.financial.thomsonreuters.com.

Investors Choice Awards Methodology

All funds reporting to Allocator.com are considered for the awards.

There are two types of awards:

The Top Performer Awards — these are granted to the select few funds, which have outperformed their wider peer group in each category. Winners are determined purely based on quantitative risk adjusted returns. For 2020 we have extended the time period under consideration to evaluate how managers navigated both 2019 and the Covid-19 related market turbulence in early 2020. The 2020 Top Performer award winners will be chosen based on absolute returns from January 1, 2019 to April 30, 2020. The Long-Term categories consider returns from January 2017 to April 2020.
The Investors Choice’ Awards —For each category, the fund, which receives the highest qualitative scoring by the judges receives the prestigious award. Institutional investors from around the world score the Top Performers on a range of qualitative criteria including investment processes, risk framework, transparency, team, and ability to generate alpha. The judges review manager profiles on the Allocator.com portal and independently assign a score from 1 to 10 in each of the qualitative assessment areas for each fund.

4928-NLD-6/25/2021

Disclosure

An investor should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information about the Catalyst Funds can be found in the Fund’s prospectus, which can be obtained by calling 1-866-447-4228. Please read the prospectus carefully before investing. The open-end fund products for Catalyst Funds are distributed by Northern Lights Distributors, LLC., Member FINRA/SIPC. Foreside Fund services and Catalyst Capital Advisors are not affiliated with Northern Lights Distributors, LLC. The Catalyst Strategic Income Opportunities Fund is distributed by Foreside Fund Services, LLC, which is not affiliated with Catalyst Capital Advisors LLC, or any of its affiliates.

20241122-4045835

Decidedly Different

We strive to provide innovative strategies to support financial advisors and their clients in meeting the investment challenges of an ever changing global market environment.

The foundation of our investment philosophy is built upon three key strategies:

Alternative/Hedged Strategies

Income-Oriented Strategies

Equity-Oriented Strategies

Why do leading investment managers partner with Catalyst and Rational?

Our Leadership Team

Jerry Szilagyi

David Miller

Michael Schoonover

Lawrence Lai

Robert Glass

Larry Milder

Robert McNeal

Charlie Ashley

Jerry Szilagyi

David Miller

Michael Schoonover

Lawrence Lai

Robert Glass

Larry Milder

Robert McNeal

Charlie Ashley

Disclosures

Open-End Funds

Close-End Funds

Affiliated Funds

Disclosure