Investment Advisor:
Catalyst Capital Advisors LLC
Investment Sub-Advisor:
Stone Beach Investment Management
Portfolio Managers:
David Lysenko | Portfolio Manager
Edward Smith | Portfolio Manager
Fund Details
I Share
| Ticker | IOXIX |
| NAV | 8.93 |
| NAV Change | 0.00 |
| % NAV Change | 0.00% |
| YTD Return | -1.73% |
| Distribution Frequency | Monthly |
A Share
C Share
Fund Documents
 | Fact Sheet |
| | Summary Prospectus |
| | Prospectus |
| | SAI |
| | Annual Report |
| | Semi-Annual Report |
| - | Fund Presentation |
| – | Fund Brochure |
Financial Professional Documents
Fund Objective
The Fund’s investment objective is current income.
Reasons to Invest
The Catalyst/Stone Beach Income Opportunity Fund seeks high current income and capital appreciation from a portfolio of mortgage-backed securities (“MBS”) while actively hedging to minimize declines during adverse market conditions.
High Current Income
The Fund seeks to deliver monthly dividend income derived from its investments in MBS, including agency and non-agency residential MBS, commercial MBS (“CMBS”) and other related fixed-income instruments.
Active Management
The Fund is actively managed to seek the best opportunities in Residential and Commercial Mortgage-Backed Securities and Asset-Backed Securities. A relative value approach is used in an attempt to generate alpha with a mandate of generating positive returns that are not dependent on the direction of interest rates.
Hedged Strategy
The Fund employs a hedging strategy utilizing derivative instruments, including options, futures, swaps and other synthetic mortgage-related swaps.
Fund Management
Fund Overview
| Ticker | IOXIX | IOXAX | IOXCX | IOXAX |
|---|---|---|---|---|
| Share Class | Class I | Class A | Class C | Class A w/ Sales Load |
| CUSIP | 62827M375 | 62827M391 | 62827M383 | 62827M391 |
| Inception Date | 2014-11-20T00:00:00 | 2014-11-20T00:00:00 | 2014-11-20T00:00:00 | 2014-11-20T00:00:00 |
| As of Date | 2021-05-14T00:00:00 | 2021-05-14T00:00:00 | 2021-05-14T00:00:00 | 2021-05-14T00:00:00 |
| Daily NAV | 8.93 | 8.95 | 8.92 | 8.95 |
| NAV Change | 0.00 | 0.00 | 0.00 | 0.00 |
| % NAV Change | 0.00% | 0.00% | 0.00% | 0.00% |
Current Fund Performance
As of: 2021-05-14T00:00:00
Annualized if greater than a year
Annualized if greater than a year
| Share Class | 1 Month | 3 Months | 6 Months | YTD | 1 Year | 3 Years | 5 Years | 10 Years | Since Inception |
|---|---|---|---|---|---|---|---|---|---|
| Class I | -0.53% | -1.17% | -2.23% | -1.73% | -2.39% | 3.03% | 2.64% | N/A | 2.55% |
| Class A | -0.55% | -1.34% | -2.46% | -1.80% | -2.73% | 2.74% | 2.41% | N/A | 2.32% |
| Class C | -0.73% | -1.54% | -2.87% | -2.17% | -3.40% | 2.01% | 1.62% | N/A | 1.54% |
| Class A w/ Sales Charge | -5.27% | -6.04% | -7.09% | -6.44% | -7.32% | 1.09% | 1.42% | N/A | 1.55% |
Quarterly Fund Performance
Data as of quarter end: 2021-03-31T00:00:00
Annualized if greater than a year
Annualized if greater than a year
| Share Class | 1 Month | 3 Months | 6 Months | YTD | 1 Year | 3 Years | 5 Years | 10 Years | Since Inception |
|---|---|---|---|---|---|---|---|---|---|
| Class I | -0.13% | -0.33% | -1.35% | -0.33% | 0.35% | 3.66% | 3.08% | N/A | 2.83% |
| Class A | -0.26% | -0.38% | -1.57% | -0.38% | 0.01% | 3.39% | 2.85% | N/A | 2.60% |
| Class C | -0.22% | -0.57% | -1.88% | -0.57% | -0.66% | 2.66% | 2.09% | N/A | 1.82% |
| Class A w/ Sales Charge | -5.01% | -5.09% | -6.21% | -5.09% | -4.76% | 1.73% | 1.85% | N/A | 1.81% |
The Fund’s maximum sales charge for Class “A” shares is 4.75%. 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 Charge |
|---|---|---|---|---|
| Prospectus Gross Expense Ratio (11/1/2020) | 1.99% | 2.24% | 2.96% | 2.24% |
| Prospectus Net Expense Ratio (11/1/2020) | 1.33% | 1.58% | 2.33% | 1.58% |
| Annual Report Net Expense Ratio (6/30/2020)* | 1.33% | 1.58% | 2.33% | 1.58% |
*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 1.58%, 2.33% and 1.33% for Class A shares, Class C shares and Class I shares, respectively, through October 31, 2021.
Monthly Distribution
I Share
| Ticker | Record Date | Payable Date | Monthly Distribution Amount | Reinvest Price | SEC Yield | Unsubsidized SEC Yield |
|---|---|---|---|---|---|---|
| IOXIX | 4/28/2021 | 4/29/2021 | 0.0322 | 8.97 | 1.23% | 0.57% |
| IOXIX | 3/29/2021 | 3/30/2021 | 0.0681 | 9.10 | 3.11% | 2.51% |
| IOXIX | 2/24/2021 | 2/25/2021 | 0.0337 | 9.18 | 3.81% | 3.20% |
| IOXIX | 1/27/2021 | 1/28/2021 | 0.0382 | 9.20 | 2.89% | 2.30% |
| IOXIX | 12/29/2020 | 12/30/2020 | 0.0505 | 9.26 | 2.57% | 2.01% |
| IOXIX | 11/25/2020 | 11/27/2020 | 0.0315 | 9.37 | 2.06% | 1.49% |
| IOXIX | 10/28/2020 | 10/29/2020 | 0.0312 | 9.39 | 2.38% | 1.81% |
| IOXIX | 9/28/2020 | 9/29/2020 | 0.0610 | 9.48 | 3.18% | 2.66% |
| IOXIX | 8/27/2020 | 8/28/2020 | 0.0333 | 9.54 | 3.60% | 3.06% |
| IOXIX | 7/29/2020 | 7/30/2020 | 0.0302 | 9.61 | 2.95% | 2.41% |
| IOXIX | 6/26/2020 | 6/29/2020 | 0.0538 | 9.60 | 3.26% | 2.71% |
| IOXIX | 5/27/2020 | 5/28/2020 | 0.0360 | 9.61 | 3.42% | 2.87% |
A Share
C Share
Disclosures
SEC Yield: A standardized yield calculation created by the SEC that reflects the net income earned during a 30-day period.
Record Date: The date established for the purpose of determining the holders who are entitled to receive a distribution.
Payable Date: The date the distribution is scheduled to be paid.
There is no assurance that the Fund will achieve its investment objective.
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 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 may invest in lower-quality, non-investment grade bonds. Non-investment grade corporate bonds are those rated Ba or lower by Moody's or BB or lower by S&P (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. When the Fund invests in asset-backed securities and mortgage-backed securities, the Fund is subject to the risk that, if the underlying borrowers fail to pay interest or repay principal, the assets backing these securities may not be sufficient to support payments on the securities. Interest rate risk is the risk that bond prices overall, including the prices of securities held by the Fund, will decline over short or even long periods of time due to rising interest rates. If a security sold short or other instrument increases in price, the Fund may have to cover its short position at a higher price than the short sale price, resulting in a loss. The use of derivative instruments involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. These factors may affect the value of your investment.
4451-NLD-4/2/2019
