The bar chart and accompanying table shown below provide an indication of the risks of investing in the Fund. The bar chart shows the performance of the Fund’s Class A shares for each of the last ten full calendar years. Although Class C and Class I shares have similar annual returns to Class A shares because the classes are invested in the same portfolio of securities, the returns for Class C and Class I shares are different from Class A shares because Class C and Class I shares have different expenses than Class A shares. The performance table shows how the average returns of Class A, C, and I shares compare over time with those of a broad-based market index. Sales charges are reflected in the information shown below in the table, but the information shown in the bar chart does not reflect sales charges, and, if it did, returns would be lower. How the Fund has performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future. Updated performance information is available at no cost by calling 1-866-447-4228 and on the Fund’s website at www.CatalystMF.com.
Performance information for periods prior to November 1, 2024 does not fully reflect the current investment strategy. Consequently, the performance record may be less pertinent for investors considering whether to purchase shares of the Fund.
During the period shown in the bar chart, the highest return for a quarter was 27.29% (quarter ended March 31, 2024), and the lowest return for a quarter was (27.60)% (quarter ended June 30, 2022). The Class A shares’ year-to-date return as of September 30, 2026 was 25.14%.
| 1 Year | 5 Year | 10 Year | |
| Class A | |||
| Return Before Taxes | 8.76% | (0.36)% | 5.09% |
| Return After Taxes on Distributions | 8.76% | (0.36)% | 5.09% |
| Return After Taxes on Distributions and Sale of Fund Shares | 5.18% | (0.28)% | 4.07% |
|
Class C |
|||
| Return Before Taxes | 14.55% | 0.07% | 4.92% |
| Class I | |||
| Return Before Taxes | 15.70% | 1.07% | 5.99% |
| S&P 500® Index (reflects no deduction for fees, expenses or taxes) | 17.88% | 14.42% | 14.82% |
After-tax returns are calculated using the highest historical individual federal marginal income tax rate and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder’s tax situation and may differ from those shown. After-tax returns are not relevant for shareholders who hold Fund shares in tax-deferred accounts or to shares held by non-taxable entities. After-tax returns are only shown for Class A shares. After-tax returns for other share classes will vary.
The bar chart and accompanying table shown below provide an indication of the risks of investing in the Fund. The bar chart shows the performance of the Fund’s Class A shares for each of the last ten full calendar years. Although Class C and Class I shares have similar annual returns to Class A shares because the classes are invested in the same portfolio of securities, the returns for Class C and Class I shares are different from Class A shares because Class C and Class I shares have different expenses than Class A shares. The performance table shows how the average returns of Class A, C, and I shares compare over time with those of a broad-based market index and a supplemental index. Sales charges are reflected in the information shown below in the table, but the information shown in the bar chart does not reflect sales charges, and, if it did, returns would be lower. How the Fund has performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future. Updated performance information is available at no cost by calling 1-866-447-4228 and on the Fund’s website at www.CatalystMF.com.
During the period shown in the bar chart, the highest return for a quarter was 38.94% (quarter ended June 30, 2020), and the lowest return for a quarter was (53.42)% (quarter ended March 31, 2020). The Class A shares’ year-to-date return as of September 30, 2026 was 27.49%.
| 1 Year | 5 Year |
10 Year | |
| Class A | |||
| Return Before Taxes | (13.34)% | 20.98% | 8.94% |
| Return After Taxes on Distributions | (15.77)% | 19.34% | 6.33% |
| Return After Taxes on Distributions and Sale of Fund Shares | (7.38)% | 16.40% | 5.76% |
| Class C | |||
| Return Before Taxes | (8.70)% | 21.51% | 8.78% |
| Class I | |||
| Return Before Taxes | (7.77)% | 22.74% | 9.89% |
| S&P 500® Index (reflects no deduction for fees, expenses or taxes) | 17.88% | 14.42% | 14.82% |
| Solactive MLP Infrastructure Index (reflects no deduction for fees, expenses or taxes) | 5.34% | 21.37% | 5.13% |
After-tax returns are calculated using the highest historical individual federal marginal income tax rate and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder’s tax situation and may differ from those shown. After-tax returns are not relevant for shareholders who hold Fund shares in tax-deferred accounts or to shares held by non-taxable entities. After-tax returns are only shown for Class A shares. After-tax returns for other share classes will vary.
The bar chart and accompanying table shown below provide an indication of the risks of investing in the Fund. The bar chart shows the performance of the Fund’s Class A shares for each of the last ten full calendar years. Although Class C and Class I shares have similar annual returns to Class A shares because the classes are invested in the same portfolio of securities, the returns for Class C and Class I shares are different from Class A shares because Class C and Class I shares have different expenses than Class A shares. The performance table shows how the average returns of Class A, C, and I shares compare over time with those of a broad-based market index and a supplemental index. Sales charges are reflected in the information shown below in the table, but the information shown in the bar chart does not reflect sales charges, and, if it did, returns would be lower. How the Fund has performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future. Updated performance information is available at no cost by calling 1-866-447-4228 and on the Fund’s website at www.CatalystMF.com.
During the period shown in the bar chart, the highest return for a quarter was 15.58% (quarter ended June 30, 2020), and the lowest return for a quarter was (22.47)% (quarter ended March 31, 2020). The Fund’s Class A shares year-to-date return as of September 30, 2026 was 8.79%.
| 1 Year | 5 Year | 10 Year | |
| Class A | |||
| Return Before Taxes | 15.43% | 7.37% | 8.25% |
| Return After Taxes on Distributions | 13.56% | 6.30% | 7.15% |
| Return After Taxes on Distributions and Sale of Fund Shares | 10.15% | 5.55% | 6.35% |
| Class C | |||
| Return Before Taxes | 21.53% | 7.83% | 8.07% |
| Class I | |||
| Return Before Taxes | 22.83% | 8.93% | 9.17% |
| MSCI ACWI (reflects no deduction for fees, expenses or taxes) | 22.87% | 11.70% | 12.28% |
| MSCI ACWI Value Index Gross (reflects no deduction for fees, expenses or taxes) | 22.84% | 11.61% | 9.88% |
After-tax returns are calculated using the highest historical individual federal marginal income tax rate and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder’s tax situation and may differ from those shown. After-tax returns are not relevant for shareholders who hold Fund shares in tax-deferred accounts or to shares held by non-taxable entities. After-tax returns are only shown for Class A shares. After-tax returns for other share classes will vary.
The bar chart and accompanying table shown below provide an indication of the risks of investing in the Fund. The bar chart shows the performance of the Fund’s Class A shares for each of the last ten full calendar years. Although Class C and Class I shares have similar annual returns to Class A shares because the classes are invested in the same portfolio of securities, the returns for Class C and Class I shares are different from Class A shares because Class C and Class I shares have different expenses than Class A shares. The performance table shows how the average returns of Class A, C, and I shares compare over time with those of a broad-based market index. Sales charges are reflected in the information shown below in the table, but the information shown in the bar chart does not reflect sales charges, and, if it did, returns would be lower. How the Fund has performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future. Updated performance information is available at no cost by calling 1-866-447-4228 and on the Fund’s website at www.CatalystMF.com.
During the period shown in the bar chart, the highest return for a quarter was 14.82% (quarter ended December 31, 2020), and the lowest return for a quarter was (15.76)% (quarter ended December 31, 2018). The Fund’s Class A shares year-to-date return as of September 30, 2026 was 9.97%.
| 1 Year | 5 Years | 10 Years | |
| Class A | |||
| Return Before Taxes | 8.65% | 1.99% | 6.01% |
| Return After Taxes on Distributions | 6.29% | 0.93% | 4.90% |
| Return After Taxes on Distributions and Sale of Fund Shares | 6.82% | 1.43% | 4.62% |
| Class C | |||
| Return Before Taxes | 14.39% | 2.44% | 5.84% |
| Class I | |||
| Return Before Taxes | 15.55% | 3.47% | 6.90% |
| S&P 500® Index (reflects no deduction for fees, expenses or taxes) | 17.88% | 14.42% | 14.82% |
After-tax returns are calculated using the highest historical individual federal marginal income tax rate and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder’s tax situation and may differ from those shown. After-tax returns are not relevant for shareholders who hold Fund shares in tax-deferred accounts or to shares held by non-taxable entities. After-tax returns are only shown for Class A shares. After-tax returns for other share classes will vary.
The bar chart and accompanying table shown below provide an indication of the risks of investing in the Fund. The bar chart shows the performance of the Fund’s Class A shares for each of the last ten full calendar years. Although Class C and Class I shares have similar annual returns to Class A shares because the classes are invested in the same portfolio of securities, the returns for Class C and Class I shares are different from Class A shares because Class C and Class I shares have different expenses than Class A shares. The performance table shows how the average returns of Class A, C, and I shares compare over time with those of a broad-based market index. Sales charges are reflected in the information shown below in the table, but the information shown in the bar chart does not reflect sales charges, and, if it did, returns would be lower. How the Fund has performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future. Updated performance information is available at no cost by calling 1-866-447-4228 and on the Fund’s website at www.CatalystMF.com.
During the period shown in the bar chart, the highest return for a quarter was 26.91% (quarter ended June 30, 2020), and the lowest return for a quarter was (18.00)% (quarter ended March 31, 2020). The Fund’s Class A shares year-to-date return as of September 30, 2026 was 16.52%.
| 1 Year | 5 Year | 10 Year | |
| Class A | |||
| Return Before Taxes | 3.73% | 7.94% | 9.97% |
| Return After Taxes on Distributions | 0.40% | 5.28% | 8.13% |
| Return After Taxes on Distributions and Sale of Fund Shares | 4.63% | 5.78% | 7.77% |
| Class C | |||
| Return Before Taxes | 9.24% | 8.41% | 9.80% |
| Class I | |||
| Return Before Taxes | 10.28% | 9.49% | 10.90% |
| S&P 500® Total Return Index (reflects no deduction for fees, expenses or taxes) | 17.88% | 14.42% | 14.82% |
After-tax returns are calculated using the highest historical individual federal marginal income tax rate and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder’s tax situation and may differ from those shown. After-tax returns are not relevant for shareholders who hold Fund shares in tax-deferred accounts or to shares held by non-taxable entities. After-tax returns are only shown for Class A shares. After-tax returns for other share classes will vary.
The bar chart and accompanying table shown below provide an indication of the risks of investing in the Fund. The bar chart shows the total return of the Fund’s Class A shares for each of the last ten full calendar years. Although Class C and Class I shares have similar annual returns to Class A shares because the classes are invested in the same portfolio of securities, the returns for Class C and Class I shares are different from Class A shares because Class C and Class I shares have different expenses than Class A shares. The performance table shows how the average annual total returns for Class A, Class C and Class I shares compare over time with those of a broad-based market index and the Benchmark. Sales charges are reflected in the information shown below in the table, but the information shown in the bar chart does not reflect sales charges, and, if it did, returns would be lower. How the Fund has performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future. Updated performance information and daily NAV is available at no cost by calling 1-866-447-4228 and on the Fund’s website at www.CatalystMF.com.
During the period shown in the bar chart, the highest return for a quarter was 14.20% (quarter June 30, 2023), and the lowest return for a quarter was (13.42)% (quarter ended December 31, 2018). The Class A shares’ year-to-date return as of September 30, 2026 was 6.84%.
| 1 Year | 5 Year | 10 Year | |
| Class A | |||
| Return Before Taxes | (3.26)% | 6.62% | 4.97% |
| Return After Taxes on Distributions | (3.48)% | 4.75% | 3.23% |
| Return After Taxes on Distributions and Sale of Fund Shares | (1.94)% | 4.34% | 3.08% |
| Class C | |||
| Return Before Taxes | 1.84% | 7.09% | 4.77% |
| Class I | |||
| Return Before Taxes | 2.95% | 8.15% | 5.84% |
| S&P 500 Index (reflects no deduction for fees, expenses or taxes)* | 17.88% | 14.42% | 14.82% |
| BNP Paribas Catalyst Systematic Alpha Index III (reflects no deduction for fees, expenses or taxes)** | 0.36% | 11.00% | 17.05% |
| * | The S&P 500 Index is the total return index. This index differs from the “S&P 500” price index by including the contribution of dividends to total return. | |
| ** | The BNP Paribas Catalyst Systematic Alpha Index III (the “Benchmark”) was established on November 3, 2024. The index provider has produced historical returns for the Benchmark for periods prior to November 3, 2024 by applying the Benchmark methodology and protocols to historical market data. While believed to be reliable, performance data prior to November 3, 2024 should be considered hypothetical and, consequently, less pertinent for investors when evaluating the Fund’s performance. |
After-tax returns are calculated using the highest historical individual federal marginal income tax rate and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder’s tax situation and may differ from those shown. After-tax returns are not relevant for shareholders who hold Fund shares in tax-deferred accounts or to shares held by non-taxable entities. After-tax returns are only shown for Class A shares. After-tax returns for other share classes will vary.
The bar chart and accompanying table shown below provide an indication of the risks of investing in the Fund. The bar chart shows the total return of the Fund’s Class A shares for each of the last ten full calendar years. Although Class Cand Class I shares have similar annual returns to Class A shares because the classes are invested in the same portfolio of securities, the returns for Class Cand Class I shares are different from Class A shares because Class C and Class I shares have different expenses than Class A shares. The performance table shows how the average annual total returns for Class A, Class C and Class I shares compare over time with those of a broad-based market index. Sales charges are reflected in the information shown below in the table, but the information shown in the bar chart does not reflect sales charges, and, if it did, returns would be lower.
The Fund acquired all of the assets and liabilities of Harbor Assets, LLC (the “Predecessor Fund”) in a tax-free reorganization on August 30, 2013 (the “Reorganization”). In connection with the Reorganization, shares of the Predecessor Fund were exchanged for Class A shares of the Fund. Prior to November 1, 2025, the Fund was managed by a sub-advisor with different investment strategies and policies. The performance data below for periods prior to November 1, 2025 reflects a different sub-advisor with a different investment strategy. Consequently, the performance record may be less pertinent for investors considering whether to purchase shares of the Fund. The Fund’s performance may have been different if the Fund’s portfolio was managed under the current investment objective, strategies and policies.
Fund performance was materially impacted by a nonrecurring litigation settlement of $1.96 million booked to the Fund on June 19, 2023. The positive impact was $0.1482/share, or 1.65% of the Fund’s NAV.
How the Fund has performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.
Updated performance information and daily NAV is available at no cost by calling 1-866-447-4228 and on the Fund’s website at www.CatalystMF.com.
During the period shown in the bar chart, the highest return for a quarter was 6.22% (quarter ended September 30. 2016), and the lowest return for a quarter was (16.96)% (quarter ended March 31, 2017). The Class A shares year-to-date return as of September 30, 2026 was 10.12%.
| 1 Year | 5 Years | 10 Years | |
| Class A | |||
| Return Before Taxes | (3.42)% | 3.39% | (0.74)% |
| Return After Taxes on Distributions | (4.32)% | 2.83% | (1.30)% |
| Return After Taxes on Distributions and Sale of Fund Shares | (2.03)% | 2.38% | (0.72)% |
| Class C | |||
| Return Before Taxes | 1.78% | 3.86% | (0.88)% |
| Class I | |||
| Return Before Taxes | 2.69% | 4.91% | 0.11% |
| S&P 500 Index (reflects no deduction for fees, expenses or taxes) | 17.88% | 14.42% | 14.82% |
After-tax returns for the Fund are calculated using the highest historical individual federal marginal income tax rate and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder’s tax situation and may differ from those shown. After-tax returns are not relevant for shareholders who hold Fund shares in tax-deferred accounts or to shares held by non-taxable entities. After-tax returns are only shown for Class A shares. After-tax returns for other share classes will vary.
The bar chart and accompanying table shown below provide an indication of the risks of investing in the Fund. The bar chart shows performance of the Fund’s Class I shares for each of the last ten full calendar years. Although Class A and Class C shares have similar annual returns to Class I shares because the classes are invested in the same portfolio of securities, the returns for Class A shares and Class C shares are different than Class I shares because Class A and Class C shares have different expenses than Class I shares. The performance table shows how the average annual total returns for Class I, Class A and Class C shares compare over time with those of a broad-based market index.
The Fund acquired all of the assets and liabilities of Exceed Defined Shield Index Fund, a series of Forum Funds, (the “Predecessor Fund”) in a tax-free reorganization on September 1, 2017 (the “Reorganization”). In connection with this Reorganization, shares of the Predecessor Fund’s Investor Shares and Institutional Shares were exchanged for Class A shares and Class I shares of the Fund, respectively. 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. The performance information set forth below for periods prior to September 1, 2017 reflects the historical performance of the Predecessor Fund shares. Neither Investor Class nor Institutional Class shares of the Predecessor Fund charged a sales load and, therefore, the impact of a sales load is not reflected in the Fund’s performance for the periods prior to September 1, 2017. Additionally, because the 1 Year Average Annual Total Returns assume investment in the Fund on December 31, 2016, which was prior to the Reorganization, the impact of a sales load is not reflected in the performance information provided.
How the Fund has performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.
Updated performance information is available at no cost by calling 1-866-447-4228 and on the Fund’s website at www.CatalystMF.com.
During the period shown in the bar chart, the highest return for a quarter was 9.68% (quarter ended March 31, 2019), and the lowest return for a quarter was (11.45)% (quarter ended December 31, 2018). The Fund’s Class I year-to-date return as of September 30, 2026 was 5.61%.
| 1 Year | 5 Year | 10 Year | |
| Class I | |||
| Return Before Taxes | 10.88% | 6.08% | 7.07% |
| Return After Taxes on Distributions | 9.55% | 3.98% | 4.64% |
| Return After Taxes on Distributions and Sale of Fund Shares | 6.44% | 3.74% | 4.38% |
| Class A | |||
| Return Before Taxes | 4.24% | 4.57% | 6.19% |
| S&P 500 Index (reflects no deduction for fees, expenses or taxes) | 17.88% | 14.42% | 14.82% |
| 1 Year | 5 Year | Since inception (9/5/2017) | |
| Class C | |||
| Return Before Taxes | 9.70% | 5.02% | 5.82% |
| S&P 500 Index (reflects no deduction for fees, expenses or taxes) | 17.88% | 14.42% | 14.99% |
After-tax returns for the Fund are calculated using the highest historical individual federal marginal income tax rate and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder’s tax situation and may differ from those shown. After-tax returns are not relevant for shareholders who hold Fund shares in tax-deferred accounts or to shares held by non-taxable entities. After-tax returns are only shown for Class I shares. After-tax returns for other share classes will vary.
The bar chart and accompanying table shown below provide an indication of the risks of investing in the Fund. The bar chart shows performance of the Fund’s Class I shares for each of the last ten full calendar years. Although Class A, C and Class C-1 shares have similar annual returns to Class I shares because the classes are invested in the same portfolio of securities, the returns for Class A, Class C and Class C-1 shares are different from Class I shares because Class A, Class C and Class C-1 shares have different expenses than Class I shares. The performance table shows how the average annual total returns for Class I, Class A, Class C and Class C-1 shares compared over time with those of a broad-based market index, a supplemental index, as well as a hedge fund index comprised of funds with similar objectives as the Fund and a treasury bill index.
How the Fund has performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.
Updated performance information and daily NAV is available at no cost by calling 1-866-447-4228 and on the Fund’s website at www.CatalystMF.com.
During the period shown in the bar chart, the highest return for a quarter was 12.20% (quarter ended June 30, 2020), and the lowest return for a quarter was (23.74)% (quarter ended March 31, 2020). The Fund’s Class I year-to-date return as of September 30, 2026 was 19.67%.
| 1 Year | 5 Year | 10 Year* | |
| Class I | |||
| Return Before Taxes | 4.35% | 8.18% | 8.24% |
| Return After Taxes on Distributions** | 4.35% | 7.23% | 7.07% |
| Return After Taxes on Distributions and Sale of Fund Shares** | 2.58% | 6.05% | 6.13% |
| Class A | |||
| Return Before Taxes | (1.86)% | 6.65% | 7.35% |
| Class C | |||
| Return Before Taxes | 3.36% | 7.11% | 7.17% |
| 1 Year | 5 Year | Since
Inception* (10/30/2020) | |
| Class C-1 | |||
| Return Before Taxes | 3.33% | 7.11% | 9.70% |
| S&P 500 Index (reflects no deduction for fees, expenses or taxes) | 17.88% | 14.42% | 14.82% (10 Year) 17.08% (Since 10/30/2020) |
| BofA Merrill Lynch 3-Month U.S. Treasury Bill Index (reflects no deduction for fees, expenses or taxes) | 4.21% | 3.19% | 2.19% (10 Year) 3.09% (Since 10/30/2020) |
| Credit Suisse Managed Futures Index (reflects no deduction for fees, expenses or taxes) | 2.26% | 5.68% | 2.77% (10 Year) 6.69% (Since 10/30/2020) |
| MSCI ACWI Net (USD) Index (reflects no deduction for fees, expenses or taxes) | 22.34% | 11.19 | 11.72% (10 Year) 14.32% (Since 10/30/2020) |
| * | Includes the effect of performance fees paid by the investors of the Predecessor Fund. |
| ** | After-Tax Returns for Class I shares are for the period beginning December 29, 2015. As a result of the different tax treatment of the Predecessor Fund, we are unable to show the after-tax returns for the Predecessor Fund. The Predecessor Fund did not have a distribution policy. It was an unregistered limited liability partnership, did not qualify as a regulated investment company for federal income tax purposes, and it did not pay dividends and distributions. After-tax returns shown are a blend of after-tax returns from December 29, 2015 and returns before taxes for preceding periods. |
After-tax returns are calculated using the highest historical individual federal marginal income tax rate and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder’s tax situation and may differ from those shown. After-tax returns are not relevant for shareholders who hold Fund shares in tax-deferred accounts or to shares held by non-taxable entities. After-tax returns are only shown for Class I shares. After-tax returns for other share classes will vary.
The bar chart and accompanying table shown below provides an indication of the risks of investing in the Fund. The bar chart shows the total return of its Class A shares for each of the last ten full calendar years. Although Class C and Class I shares have similar annual returns to Class A shares because the classes are invested in the same portfolio of securities, the returns for Class C and Class I shares are different from Class A shares because Class C and Class I shares have different expenses than Class A shares. The performance table shows how the average annual total returns for Class A, Class C and Class I shares compare over time with those of a broad-based market index and a supplemental index. Sales charges are reflected in the information shown below in the table, but the information shown in the bar chart does not reflect sales charges, and, if it did, returns would be lower. The Fund’s investment strategy changed on November 1, 2026. The performance data below for periods prior to November 1, 2026 reflects a different investment strategy. Consequently, the performance record may be less pertinent for investors considering whether to purchase shares of the Fund. How the Fund has performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.
Updated performance information and daily NAV is available at no cost by calling 1-866-447-4228 and on the Fund’s website at www.CatalystMF.com.
During the period shown in the bar chart, the highest return for a quarter was 16.11% (quarter ended June 30, 2025), and the lowest return for a quarter was (19.33)% (quarter ended June 30, 2022). The Class A shares year-to-date return as of September 30, 2026 was 15.52%.
| 1 Year | 5 Year | 10 Year | |
| Class A | |||
| Return Before Taxes | 5.89% | 4.73% | 5.28% |
| Return After Taxes on Distributions | 3.80% | 4.14% | 4.73% |
| Return After Taxes on Distributions and Sale of Fund Shares | 5.00% | 3.61% | 4.05% |
| Class C | |||
| Return Before Taxes | 11.57% | 5.19% | 5.09% |
| Class I | |||
| Return Before Taxes | 12.68% | 6.25% | 6.15% |
| S&P 500 Index (reflects no deduction for fees, expenses or taxes) | 17.88% | 14.42% | 14.82% |
| NASDAQ – 100 Total Return Index (reflects no deduction for fees, expenses or taxes) | 21.02% | 15.30% | 19.70% |
After-tax returns are calculated using the highest historical individual federal marginal income tax rate and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder’s tax situation and may differ from those shown. After-tax returns are not relevant for shareholders who hold Fund shares in tax-deferred accounts or to shares held by non-taxable entities. After-tax returns are only shown for Class A shares. After-tax returns for other share classes will vary.
The bar chart and accompanying table shown below provide an indication of the risks of investing in the Fund. The bar chart shows the total returns of the Fund’s Class A shares for each full calendar year since the Fund’s inception. Although Class C and Class I shares have similar annual returns to Class A shares because the classes are invested in the same portfolio of securities, the returns for Class C and Class I shares are different from Class A shares because Class C and Class I shares have different expenses than Class A shares. The performance table shows the average annual total returns for Class A, Class C and Class I shares compared over time with those of a broad-based market index. Sales charges are reflected in the information shown below in the table, but the information shown in the bar chart does not reflect sales charges, and, if it did, returns would be lower.
How the Fund has performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.
Updated performance information and daily NAV is available at no cost by calling 1-866-447-4228 and on the Fund’s website at www.CatalystMF.com.
During the period shown in the bar chart, the highest return for a quarter was 17.90% (quarter ended March 31, 2024), and the lowest return for a quarter was (5.95)% (quarter ended March 31, 2025). The Class A shares year-to-date return as of September 30, 2026 was 17.83%.
| 1 Year | Since Inception (12/28/23) | |
| Class A | ||
| Return Before Taxes | 1.22% | 6.35% |
| Return After Taxes on Distributions | 0.66% | 3.62% |
| Return After Taxes on Distributions and Sale of Fund Shares | 1.12% | 4.03% |
| Class C | ||
| Return Before Taxes | 6.56% | 8.69% |
| Class I | ||
| Return Before Taxes | 7.65% | 9.80% |
| S&P 500 Index (reflects no deduction for fees, expenses or taxes) | 17.88% | 21.13% |
After-tax returns for the Fund are calculated using the highest historical individual federal marginal income tax rate and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder’s tax situation and may differ from those shown. After-tax returns are not relevant for shareholders who hold Fund shares in tax-deferred accounts or to shares held by non-taxable entities. After-tax returns are shown for Class A shares only. After-tax returns for other share classes will vary.
The bar chart and accompanying table shown below provide an indication of the risks of investing in the Fund. The bar chart shows the total return of its Class A shares for each of the last ten full calendar years. Class C and Class I shares have similar annual returns to Class A shares because they are invested in the same portfolio of securities; however, the returns for Class C and Class I shares are different from Class A shares because Class C and Class I shares have different expenses than Class A shares. The performance table shows average annual total returns for Class A, Class C and Class I shares and how their average annual returns compare over time with those of a broad-based market index and a supplemental index. Sales charges are reflected in the information shown in the table, but the information shown in the bar chart does not reflect sales charges, and, if it did, returns would be lower. How the Fund has performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future. Updated performance information is available at no cost by calling 1-866-447-4228 and on the Fund’s website at www.CatalystMF.com.
During the period shown in the bar chart, the highest return for a quarter was 6.63% (quarter ended June 30, 2020), and the lowest return for a quarter was (5.71)% (quarter ended June 30, 2022). The Class A shares’ year-to-date return as of September 30, 2026 was 1.27%.
| 1 Year | 5 Year | 10 Year | |
| Class A | |||
| Return Before Taxes | 0.22% | 1.94% | 3.19% |
| Return After Taxes on Distributions | (1.58)% | 0.27% | 1.83% |
| Return After Taxes on Distributions and Sale of Fund Shares | 0.11% | 0.74% | 1.85% |
| Class C | |||
| Return Before Taxes | 4.45% | 2.16% | 2.94% |
| Class I | |||
| Return Before Taxes | 5.49% | 3.20% | 3.99% |
| Bloomberg U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes) | 7.30% | (0.36)% | 2.01% |
| Bloomberg US Govt/Credit 1-3 YR TR Index (reflects no deduction for fees, expenses or taxes) | 5.35% | 1.97% | 2.09% |
After-tax returns are calculated using the highest historical individual federal marginal income tax rate and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder’s tax situation and may differ from those shown. After-tax returns are not relevant for shareholders who hold Fund shares in tax-deferred accounts or to shares held by non-taxable entities. After-tax returns are only shown for Class A shares. After-tax returns for other share classes will vary.
The bar chart and accompanying table shown below provide an indication of the risks of investing in the Fund. The bar chart shows the total return of its Class A shares for each of the last ten full calendar years. Class C and Class I shares have similar annual returns to Class A shares because they are invested in the same portfolio of securities; however, the returns for Class C and Class I shares are different from Class A shares because Class C and Class I shares have different expenses than Class A shares. The performance table shows average annual total returns for Class A, Class C and Class I shares and how their average annual returns compare over time with those of a broad-based market index and a supplemental index. Sales charges are reflected in the information shown in the table, but the information shown in the bar chart does not reflect sales charges, and, if it did, returns would be lower. How the Fund has performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future. Updated performance information is available at no cost by calling 1-866-447-4228 and on the Fund’s website at www.CatalystMF.com.
During the period shown in the bar chart, the highest return for a quarter was 12.57% (quarter ended June 30, 2016), and the lowest return for a quarter was (13.22)% (quarter ended June 30, 2022). The Class A shares’ year-to-date return as of September 30, 2026 was 1.48%.
| 1 Year | 5 Year | 10 Year | |
| Class A | |||
| Return Before Taxes | 10.22% | 5.51% | 8.87% |
| Return After Taxes on Distributions | 7.86% | 3.08% | 6.29% |
| Return After Taxes on Distributions and Sale of Fund Shares |
5.93% |
3.10% |
5.79% |
| Class C | |||
| Return Before Taxes | 14.85% | 5.73% | 8.56% |
| Class I | |||
| Return Before Taxes | 15.98% | 6.75% | 9.63% |
| Bloomberg U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes) | 7.30% | (0.36)% | 2.01% |
| ICE BofA US Cash Pay High Yield Index (reflects no deduction for fees, expenses or taxes) | 8.63% | 4.53% | 6.45% |
After-tax returns are calculated using the highest historical individual federal marginal income tax rate and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder’s tax situation and may differ from those shown. After-tax returns are not relevant for shareholders who hold Fund shares in tax-deferred accounts or to shares held by non-taxable entities. After-tax returns are only shown for Class A shares. After-tax returns for other share classes will vary.
The bar chart and accompanying table shown below provides an indication of the risks of investing in the Fund. The bar chart shows the total return of its Class A shares for each of the last ten full calendar years. Class C and Class I shares have similar annual returns to Class A shares because they are invested in the same portfolio of securities; however, the returns for Class C and Class I shares are different from Class A shares because Class C and Class I shares have different expenses than Class A shares. The performance table shows average annual total returns for Class A, Class C and Class I shares and how their average annual returns compare over time with those of a broad-based market index and a supplemental index. Sales charges are reflected in the information shown in the table, but the information shown in the bar chart does not reflect sales charges, and, if it did, returns would be lower. How the Fund has performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future. Updated performance information is available at no cost by calling 1-866-447-4228 and on the Fund’s website at www.CatalystMF.com.
During the period shown in the bar chart, the highest return for a quarter was 17.82% (quarter ended June 30, 2020), and the lowest return for a quarter was (25.57)% (quarter ended March 31, 2020). The Class A shares’ year-to-date return as of September 30, 2026 was 2.29%.
| 1 Year | 5 Year | 10 Year | |
| Class A | |||
| Return Before Taxes | (0.08)% | 6.62% | 9.10% |
| Return After Taxes on Distributions | (2.12)% | 4.52% | 6.81% |
| Return After Taxes on Distributions and Sale of Fund Shares | 0.04% | 4.28% | 6.29% |
| Class C | |||
| Return Before Taxes | 5.23% | 7.08% | 8.91% |
| Class I | |||
| Return Before Taxes | 6.30% | 8.14% | 10.02% |
| S&P 500 Index (reflects no deduction for fees, expenses or taxes) | 17.88% | 14.42% |
14.82% |
| ICE BofA High Yield U.S. Corporates Cash Pay Index (reflects no deduction for fees, expenses or taxes) | 8.63% | 4.53% |
6.45% |
After-tax returns are calculated using the highest historical individual federal marginal income tax rate and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder’s tax situation and may differ from those shown. After-tax returns are not relevant for shareholders who hold Fund shares in tax-deferred accounts or to shares held by non-taxable entities. After-tax returns are only shown for Class A shares. After-tax returns for other share classes will vary.
The bar chart and accompanying table shown below provide an indication of the risks of investing in the Fund. The bar chart shows the total return of its Class A shares for each of the last ten full calendar years. Class C shares and Class I shares have similar annual returns to Class A shares because they are invested in the same portfolio of securities; however, the returns for Class C shares and Class I shares are different from Class A shares because Class C shares and Class I shares have different expenses than Class A shares. The performance table shows average annual total returns for Class A, Class C and Class I shares and how their average annual returns compare over time with those of a broad-based market index and supplemental indexes. Sales charges are reflected in the information shown in the table, but the information shown in the bar chart does not reflect sales charges, and, if it did, returns would be lower. How the Fund has performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future. Updated performance information is available at no cost by calling 1-866-447-4228 and on the Fund’s website at www.CatalystMF.com.
During the period shown in the bar chart, the highest return for a quarter was 9.18% (quarter ended June 30, 2020), and the lowest return for a quarter was (14.22)% (quarter ended March 31, 2020). The Fund’s Class A shares year-to-date return as of September 30, 2026 was 4.97%.
| 1 Year | 5 Year | 10 Year | |
| Class A | |||
| Return Before Taxes | 9.48% | 4.13% | 4.77% |
| Return After Taxes on Distributions | 8.61% | 2.92% | 3.61% |
| Return After Taxes on Distributions and Sale of Fund Shares | 5.84% | 2.86% | 3.43% |
| Class C | |||
| Return Before Taxes | 15.30% | 4.56% | 4.59% |
| Class I | |||
| Return Before Taxes | 16.52% | 5.64% | 5.68% |
| MSCI ACWI Gross Index (reflects no deduction for fees, expenses or taxes) | 22.87% | 11.70% |
12.28% |
| MSCI ACWI Value Gross Index (reflects no deduction for fees, expenses or taxes) | 22.84% | 11.61% |
9.88% |
| 50% ICE BofAML 1-3 Year/ 50% - MSCI ACWI Gross (reflects no deduction for fees, expenses or taxes) | 14.15% | 7.21% |
7.61% |
| 50% MSCI ACWI Value/50% ML AAAA 1-3YR (reflects no deduction for fees, expenses or taxes) | 14.08% | 7.14% |
6.46% |
After-tax returns are calculated using the highest historical individual federal marginal income tax rate and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder’s tax situation and may differ from those shown. After-tax returns are not relevant for shareholders who hold Fund shares in tax-deferred accounts or to shares held by non-taxable entities. After-tax returns are only shown for Class A shares. After-tax returns for other share classes will vary.
The bar chart and accompanying table shown below provide an indication of the risks of investing in the Fund. The bar chart shows the total return of its Class A shares for each of the last ten full calendar years. Class C, Class C-1 and Class I shares have similar annual returns to Class A shares because they are invested in the same portfolio of investments; however, the returns for Class C, Class C-1 and Class I shares are different from Class A shares because Class C, Class C-1 and Class I shares have different expenses than Class A shares. The performance table shows average annual total returns for Class A, Class C, Class C-1 and Class I shares and how their average annual returns compare over time with those of a broad-based market index and a supplemental index. Sales charges are reflected in the information shown in the table, but the information shown in the bar chart does not reflect sales charges, and, if it did, returns would be lower. How the Fund has performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.
Prior to August 1, 2018, the Fund was managed by a different sub-advisor with different investment strategies and policies. The Fund’s past performance may have been different if the Fund were managed by the current Sub-Advisor and, consequently, the performance record may be less pertinent for investors considering whether to purchase shares of the Fund. The Fund’s investment strategies changed on November 1, 2020 to permit the Fund to use derivative instruments for hedging purposes.
Updated performance information is available at no cost by calling 1-866-447-4228 and on the Fund’s website at www.CatalystMF.com.
During the period shown in the bar chart, the highest return for a quarter was 8.70% (quarter ended June 30, 2020), and the lowest return for a quarter was (11.08)% (quarter ended March 31, 2020). The Class A shares’ year-to-date return as of September 30, 2026 was 2.55%.
| 1 Year | 5 Year | 10 Year | |
| Class A | |||
| Return Before Taxes | 0.86% | 4.71% | 5.29% |
| Return After Taxes on Distributions | (1.80)% | 2.04% | 2.95% |
| Return After Taxes on Distributions and Sale of Fund Shares | 0.47% | 2.40% | 3.01% |
| Class C | |||
| Return Before Taxes | 5.07% | 4.94% | 5.01% |
| Class I | |||
| Return Before Taxes | 6.24% | 6.00% | 6.08% |
| 1 Year | Since Inception (11/1/2022) | ||
| Class C-1 | |||
| Return Before Taxes | 5.19% | 8.60% | |
| Bloomberg U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes) | 7.30% | (0.36)% | 2.01% (10 Year) 5.39% (Since 11/1/22) |
| Morningstar LSTA Leveraged Loan Index (reflects no deduction for fees, expenses or taxes) | 5.90% | 6.42% | 5.83% (10 Year) 9.33% (Since 11/1/22) |
After-tax returns are calculated using the highest historical individual federal marginal income tax rate and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder’s tax situation and may differ from those shown. After-tax returns are not relevant for shareholders who hold Fund shares in tax-deferred accounts or to shares held by non-taxable entities. After-tax returns are only shown for Class A shares. After-tax returns for other share classes will vary.
The bar chart and accompanying table shown below provide an indication of the risks of investing in the Fund. The bar chart shows the total return of its Class A shares for each full calendar year since inception. Class C and Class I shares have similar annual returns to Class A shares because they are invested in the same portfolio of securities; however, the returns for Class C and Class I shares are different from Class A shares because Class C and Class I shares have different expenses than Class A shares. The performance table shows average annual total returns for Class A, Class C and Class I shares and how their average annual returns compare over time with those of a broad-based market index and a supplemental index. Sales charges are reflected in the information shown in the table, but the information shown in the bar chart does not reflect sales charges, and, if it did, returns would be lower. How the Fund has performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.
The Fund’s returns in the first quarter of 2019 may not be achievable going forward as the Fund’s assets grow. The active trading strategy of the Fund had a significant impact on returns from launch date, especially when depicted as a percentage. The gains from individual trades had a magnified effect on NAV as a result of the small initial launch capital. As the assets grow, the denominator becomes larger, and thus individual trades do not necessarily have as much of an impact on returns. The Sub-Advisor continues to deploy its active trading approach, which seeks to take advantage of market inefficiencies and dislocations.
Updated performance information is available at no cost by calling 1-866-447-4228 and on the Fund’s website at www.CatalystMF.com.
During the period shown in the bar chart, the highest return for a quarter was 11.47% (quarter ended March 31, 2019), and the lowest return for a quarter was (6.85)% (quarter ended March 31, 2020). The Class A shares’ year-to-date return as of September 30, 2026 was (13.66)%.
| 1 Year | 5 Year | Since inception (12/31/18) | |
| Class A | |||
| Return Before Taxes | (13.70)% | (3.84)% | 0.24% |
| Return After Taxes on Distributions | (16.12)% | (6.64)% | (2.38)% |
| Return After Taxes on Distributions and Sale of Fund Shares | (7.99)% | (3.83)% | (0.76)% |
| Class C | |||
| Return Before Taxes | (9.16)% | (3.44)% | 0.31% |
| Class I | |||
| Return Before Taxes | (8.18)% | (2.45)% | 1.34% |
| Bloomberg U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes) | 7.30% | (0.36)% | 1.99% |
| Bloomberg U.S. MBS Index (reflects no deduction for fees, expenses or taxes) | 8.58% | 0.15% | 1.54% |
After-tax returns are calculated using the highest historical individual federal marginal income tax rate and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder’s tax situation and may differ from those shown. After-tax returns are not relevant for shareholders who hold Fund shares in tax-deferred accounts or to shares held by non-taxable entities. After-tax returns are only shown for Class A shares. After-tax returns for other share classes will vary.
The bar chart and accompanying table shown below provide an indication of the risks of investing in the Fund. The bar chart shows the performance of the Fund’s Class N Shares for each of the last ten full calendar years. Although Class A, C, and I Shares have similar annual returns to Class N Shares because the classes are invested in the same portfolio of securities, the returns for Class A, C, and I Shares are different from Class N Shares because Class A, C, and I Shares have different expenses than Class N Shares. The performance table shows how the average returns of Class A, C, I and N Shares compare over time with those of a broad-based market index and a supplemental index (strategy benchmark) that the Adviser believes is more representative of the Fund’s investment universe. How the Fund has performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future. Updated performance information is available at no cost by calling 1-877-771-3836 and on the Fund’s website at www.eventidefunds.com.
During the period shown in the bar chart, for Class N Shares, the highest return for a quarter was 41.62% (quarter ended June 30, 2020), and the lowest return for a quarter was (20.09)% (quarter ended June 30, 2022). The Fund’s Class N year-to-date return as of September 30, 2026, was 13.39%.
| Average Annual Total Returns (periods ended December 31, 2025) |
1 Year | 5 Years | 10 Years | |||
| Class N Shares | ||||||
| Return Before Taxes | 23.48% | 2.10% | 11.64% | |||
| Return After Taxes on Distributions | 20.19% | 0.93% | 10.76% | |||
| Return After Taxes on Distributions and Sale of Fund Shares | 16.24% | 1.54% | 9.58% | |||
| Class A Shares | 1 Year | 5 Years | 10 Year | |||
| Return Before Taxes | 16.34% | 0.86% | 10.93% | |||
| Class C Shares | 1 Year | 5 Years | 10 Years | |||
| Return Before Taxes | 22.51% | 1.28% | 10.75% | |||
| Class I Shares | ||||||
| Return Before Taxes | 23.76% | 2.30% | 11.87% | |||
| Bloomberg US 3000 Equal Weight Total Return Index (reflects no deduction for fees, expenses or taxes) | 13.09% | 6.58% | 9.96% | |||
| Bloomberg US Mid Cap Growth Total Return Index (reflects no deduction for fees, expenses or taxes) | 10.28% | 6.89% | 11.83% |
After-tax returns are calculated using the highest historical individual federal marginal income tax rate and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder’s tax situation and may differ from those shown. After-tax returns are not relevant for shareholders who hold Fund shares in tax-deferred accounts or to Shares held by non-taxable entities. After-tax returns are only shown for Class N Shares. After-tax returns for other Share classes, which are not shown, will vary from those of Class N Shares.
The bar chart and accompanying table shown below provide an indication of the risks of investing in the Fund. The bar chart shows the performance of the Fund’s Class A Shares for each of the last ten full calendar years. Although Class C, N and I Shares have similar annual returns to Class A Shares because the classes are invested in the same portfolio of securities, the returns for Class C, N, and I Shares are different from Class A Shares because Class C, N and I Shares have different expenses than Class A Shares. The performance table shows how the average annual returns of Class A, C, I and N Shares compare over time with those of a broad-based market index and a supplemental index (strategy benchmark) that the Adviser believes is more representative of the Fund’s investment universe. How the Fund has performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future. Updated performance information is available at no cost by calling 1-877-771-3836 and on the Fund’s website at www.eventidefunds.com.
Figures do not reflect sales charges. If they did, returns would be lower.
During the period shown in the bar chart, for Class A Shares, the highest return for a quarter was 46.37% (quarter ended December 31, 2019), and the lowest return for a quarter was (24.43)% (quarter ended December 31, 2018). The Fund’s Class A year-to-date return as of September 30, 2026, was 5.30%.
| Average Annual Total Returns (periods ended December 31, 2025) |
1 Year | 5 Years | 10 Years | |||
| Class A Shares | ||||||
| Return Before Taxes | 47.37% | (0.48)% | 9.86% | |||
| Return After Taxes on Distributions | 47.37% | (1.04)% | 9.11% | |||
| Return After Taxes on Distributions and Sale of Fund Shares | 28.04% | (0.51)% | 7.86% | |||
| Class C Shares | ||||||
| Return Before Taxes | 55.13% | (0.06)% | 9.69% | |||
| Class N Shares | ||||||
| Return Before Taxes | 56.41% | 0.75% | 10.58% | |||
| Class I Shares | ||||||
| Return Before Taxes | 56.73% | 0.95% | 10.80% | |||
| Bloomberg US 3000 Equal Weight Total Return Index (reflects no deduction for fees, expenses or taxes) | 13.09% | 6.58% | 9.96% | |||
| S&P Biotechnology Select Industry Index (reflects no deduction for fees, expenses or taxes) | 35.98% | (2.57)% | 5.91% |
After-tax returns are calculated using the highest historical individual federal marginal income tax rate and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder’s tax situation and may differ from those shown. After-tax returns are not relevant for shareholders who hold Fund shares in tax-deferred accounts or to Shares held by non-taxable entities. After-tax returns are only shown for Class A Shares. After-tax returns for other share classes, which are not shown, will vary from those of Class A Shares.
The bar chart and accompanying table shown below provide an indication of the risks of investing in the Fund. The bar chart shows the performance of its Class A Shares for each full calendar year since the Fund’s Class A Shares commenced operations. Although Class C, N and I Shares have similar annual returns to Class A Shares because the classes are invested in the same portfolio of securities, the returns for Class C, N and I Shares are different from Class A Shares because Class C, N and I Shares have different expenses than Class A Shares. The performance table shows how the average annual returns of Class A, C, I and N Shares compare over time with a broad-based market index and a supplemental index (strategy benchmark) that the Adviser believes is more representative of the Fund’s investment universe. How the Fund has performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future. Updated performance information is available at no cost by calling 1-877-771-3836 and on the Fund’s website at www.eventidefunds.com.
Figures do not reflect sales charges. If they did, returns would be lower.
During the period shown in the bar chart, for Class A Shares, the highest return for a quarter was 12.02% (quarter ended June 30, 2020), and the lowest return for a quarter was (9.98)% (quarter ended March 31, 2020). The Fund’s Class A year-to-date return as of September 30, 2026, was 4.25%.
| Average Annual Total Returns (periods ended December 31, 2025) |
1 Year | 5 Years | 10 Years | |||
| Class A Shares | ||||||
| Return Before Taxes | 0.53% | 3.88% | 6.67% | |||
| Return After Taxes on Distributions | (1.19)% | 2.82% | 5.73% | |||
| Return After Taxes on Distributions and Sale of Fund Shares | 0.98% | 2.72% | 5.05% | |||
| Class C Shares | ||||||
| Return Before Taxes | 5.87% | 4.29% | 6.48% | |||
| Class N Shares | ||||||
| Return Before Taxes | 6.74% | 5.14% | 7.33% | |||
| Class I Shares | ||||||
| Return Before Taxes | 6.96% | 5.35% | 7.54% | |||
| Bloomberg US Aggregate Bond Index (reflects no deduction for fees, expenses or taxes) | 7.30% | (0.36)% | 2.01% | |||
| Bloomberg Mid Cap/Intermediate US Aggregate 50/50 TR Index (reflects no deduction for fees, expenses or taxes) | 9.34% | 5.02% | 7.04% |
After-tax returns are calculated using the highest historical individual federal marginal income tax rate and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder’s tax situation and may differ from those shown. After-tax returns are not relevant for shareholders who hold Fund shares in tax-deferred accounts or to Shares held by non-taxable entities. After-tax returns are only shown for Class A Shares. After-tax returns for other share classes, which are not shown, will vary from those of Class A Shares.
The bar chart and accompanying table shown below provide an indication of the risks of investing in the Fund. The bar chart shows the performance of its Class A Shares for each full calendar year since the Fund’s Class A Shares commenced operations. Although Class C, N and I Shares have similar annual returns to Class A Shares because the classes are invested in the same portfolio of securities, the returns for Class C, N and I Shares are different from Class A Shares because Class C, N and I Shares have different expenses than Class A Shares. The performance table shows how the average annual returns of Class A, C, I and N Shares compare over time with those of a broad-based market index and a supplemental index (strategy benchmark) that the Adviser believes is more representative of the Fund’s investment universe. How the Fund has performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future. Updated performance information is available at no cost by calling 1-877-771-3836 and on the Fund’s website at www.eventidefunds.com.
Figures do not reflect sales charges. If they did, returns would be lower.
During the period shown in the bar chart, for Class A Shares, the highest return for a quarter was 18.30% (quarter ended June 30, 2020), and the lowest return for a quarter was (16.95)% (quarter ended March 31, 2020). The Fund’s Class A year-to-date return as of September 30, 2026, was 9.41%.
| Average Annual Total Returns (periods ended December 31, 2025) |
1 Year | 5 Years | Since inception (9/27/2017) | |||
| Class A Shares | ||||||
| Return Before Taxes | (0.68)% | 7.26% | 9.15% | |||
| Return After Taxes on Distributions | (1.45)% | 6.79% | 8.71% | |||
| Return After Taxes on Distributions and Sale of Fund Shares | 0.14% | 5.62% | 7.31% | |||
| Class C Shares | ||||||
| Return Before Taxes | 4.65% | 7.69% | 9.11% | |||
| Class N Shares | ||||||
| Return Before Taxes | 5.48% | 8.55% | 9.97% | |||
| Class I Shares | ||||||
| Return Before Taxes | 5.69% | 8.77% | 10.20% | |||
| Bloomberg US 3000 Equal Weight Total Return Index (reflects no deduction for fees, expenses or taxes) | 13.09% | 6.58% | 8.20% | |||
| Bloomberg US Mid Cap Total Return Index (reflects no deduction for fees, expenses or taxes) | 10.94% | 8.96% | 10.61% |
After-tax returns are calculated using the highest historical individual federal marginal income tax rate and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder’s tax situation and may differ from those shown. After-tax returns are not relevant for shareholders who hold Fund shares in tax-deferred accounts or to Shares held by non-taxable entities. After-tax returns are only shown for Class A Shares. After-tax returns for other share classes, which are not shown, will vary from those of Class A Shares.
The bar chart and performance table below show the variability of the Fund’s returns, which is some indication of the risks of investing in the Fund. The bar chart shows performance of the Fund’s Class A Shares for the past ten years and includes the performance of the Fund’s Predecessor Fund (as defined below). Although Class C, Class N and Class I Shares have similar annual returns to Class A Shares because the classes are invested in the same portfolio of securities, the returns for Class C, Class N and Class I Shares are different than Class A Shares because Class C, Class N and Class I Shares have different expenses than Class A Shares. The performance table compares the performance of the Fund’s Class A, Class C, Class N and Class I Shares over time to the performance of a broad-based market index and a supplemental index (strategy benchmark) that the Adviser believes is more representative of the Fund’s investment universe. You should be aware that the Fund’s past performance (before and after taxes) may not be an indication of how the Fund will perform in the future.
The Fund acquired all of the assets and liabilities of Epiphany FFV Strategic Income Fund, a series of Epiphany Funds (the “Predecessor Fund”), in a tax-free reorganization on December 14, 2018. In connection with this acquisition, shares of the Predecessor Fund’s Class A Shares and Class I Shares were exchanged for Class A Shares and Class I Shares of the Fund, respectively. Prior to May 31, 2017, the Predecessor Fund’s Class I shares were called Class C shares, and the fee structure was different. 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. The performance information set forth below prior to December 14, 2018, reflects the historical performance of the Predecessor Fund. Updated performance information is available at no cost by calling 1-877-771-3836 and on the Fund’s website at www.eventidefunds.com.
Figures do not reflect sales charges. If they did, returns would be lower.
During the period shown in the bar chart, the highest return for a quarter was 3.54% (quarter ended December 31, 2023), and the lowest return for a quarter was (3.39)% (quarter ended March 31, 2022). The Fund’s Class A year-to-date return as of September 30, 2026, was (1.02)%.
Prior to May 31, 2017, the Fund’s Class I shares were called Class C shares, and the fee structure was different. Those shares sold before May 31, 2017, were subject to a contingent deferred sales load, which is not reflected in returns set forth in the table below. If the contingent deferred sales load was included, the returns would be less than those shown.
| Average Annual Total Returns (for the periods ended December 31, 2025) |
1 Year | 5 Years | 10 Years | |||
| Class A Shares | ||||||
| Return Before Taxes | (0.02)% | 0.29% | 1.44% | |||
| Return After Taxes on Distributions | (1.49)% | (0.58)% | 0.59% | |||
| Return After Taxes on Distributions and Sale of Fund Shares | (0.04)% | (0.16)% | 0.73% | |||
| Class I Shares | ||||||
| Return Before Taxes | 6.40% | 1.74% | 2.15% | |||
| Class C Shares | 1 Year | 5 Years | Since inception (12/14/2018) | |||
| Return Before Taxes | 5.25% | 0.71% | 1.69% | |||
| Class N Shares | ||||||
| Return Before Taxes | 6.16% | 1.53% | 2.50% | |||
| 1 Year | 5 Years | 10 Years | ||||
| Bloomberg U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes) | 7.30% | (0.36)% | 2.01% | |||
| Since inception (12/14/2018) | ||||||
| 2.11% | ||||||
| Bloomberg 1-5 Year Government/Credit Index (reflects no deduction for fees, expenses or taxes) | 6.11% | 1.56% | 2.17% | |||
| Since inception (12/14/2018) | ||||||
| 2.58% |
After-tax returns are calculated using the highest historical individual federal marginal income tax rate and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder’s tax situation and may differ from those shown. After-tax returns are not relevant for shareholders who hold Fund shares in tax-deferred accounts or to Shares held by non-taxable entities. After-tax returns are only shown for Class A Shares. After-tax returns for Class C, Class N and Class I Shares will vary.
The bar chart and accompanying table shown below provide an indication of the risks of investing in the Fund. The bar chart shows the performance of its Class A Shares for each full calendar year since the Fund’s Class A Shares commenced operations. Although Class C, N and I Shares have similar annual returns to Class A Shares because the classes are invested in the same portfolio of securities, the returns for Class C, N and I Shares are different from Class A Shares because Class C, N and I Shares have different expenses than Class A Shares. The performance table shows how the average annual returns of Class A, C, I and N Shares compare over time with a broad-based market index and a supplemental index (strategy benchmark) that the Adviser believes is more representative of the Fund’s investment universe. How the Fund has performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future. Updated performance information is available at no cost by calling 1-877-771-3836 and on the Fund’s website at www.eventidefunds.com.
Figures do not reflect sales charges. If they did, returns would be lower.
During the period shown in the bar chart, for the Class A Shares, the highest return for a quarter was 16.54% (quarter ended June 30, 2025), and the lowest return for a quarter was (28.09)% (quarter ended June 30, 2022). The Fund’s Class A year-to-date return as of September 30, 2026, was 26.40%.
| Average Annual Total Returns (periods ended December 31, 2025) |
1 Year | 5 Year | Since inception (6/30/2020) | |||
| Class A Shares | ||||||
| Return Before Taxes | 2.41% | (2.67)% | 6.02% | |||
| Return After Taxes on Distributions | 2.41% | (2.77)% | 5.91% | |||
| Return After Taxes on Distributions and Sale of Fund Shares | 1.43% | (2.04)% | 4.69% | |||
| Class C Shares | ||||||
| Return Before Taxes | 7.87% | (2.26)% | 6.38% | |||
| Class N Shares | ||||||
| Return Before Taxes | 8.73% | (1.48)% | 7.20% | |||
| Class I Shares | ||||||
| Return Before Taxes | 8.94% | (1.28)% | 7.42% | |||
| Bloomberg US 3000 Equal Weight Total Return Index (reflects no deduction for fees, expenses or taxes) | 13.09% | 6.58% | 12.22% | |||
| Bloomberg US 2500 Technology Total Return Index (reflects no deduction for fees, expenses or taxes) | 14.32% | 5.69% | 11.48% |
After-tax returns are calculated using the highest historical individual federal marginal income tax rate and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder’s tax situation and may differ from those shown. After-tax returns are not relevant for shareholders who hold Fund shares in tax-deferred accounts or to Shares held by non-taxable entities. After-tax returns are only shown for Class A Shares. After-tax returns for other share classes, which are not shown, will vary from those of Class A Shares.
The bar chart and accompanying table shown below provide an indication of the risks of investing in the Fund. The bar chart shows the performance of its Class A Shares for each full calendar year since the Fund’s Class A Shares commenced operations. Although Class C, N and I Shares have similar annual returns to Class A Shares because the classes are invested in the same portfolio of securities, the returns for Class C, N and I Shares are different from Class A Shares because Class C, N and I Shares have different expenses than Class A Shares. The performance table shows how the average annual returns of Class A, C, I and N Shares compare over time with a broad-based market index. How the Fund has performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future. Updated performance information is available at no cost by calling 1-877-771-3836 and on the Fund’s website at www.eventidefunds.com.
Figures do not reflect sales charges. If they did, returns would be lower.
During the period shown in the bar chart, for the Class A Shares, the highest return for a quarter was 6.46% (quarter ended December 31, 2023), and the lowest return for a quarter was (6.31)% (quarter ended March 31, 2022). The Fund’s Class A year-to-date return as of September 30, 2026, was (3.64)%.
| Average Annual Total Returns (periods ended December 31, 2025) |
1 Year | 5 Years | Since inception (7/31/2020) | |||
| Class A Shares | ||||||
| Return Before Taxes | 1.23% | (2.01)% | (1.91)% | |||
| Return After Taxes on Distributions | (0.38)% | (3.01)% | (2.86)% | |||
| Return After Taxes on Distributions and Sale of Fund Shares | 0.70% | (1.94)% | (1.84)% | |||
| Class C Shares | ||||||
| Return Before Taxes | 6.61% | (1.57)% | (1.55)% | |||
| Class N Shares | ||||||
| Return Before Taxes | 7.27% | (0.80)% | (0.80)% | |||
| Class I Shares | ||||||
| Return Before Taxes | 7.48% | (0.60)% | (0.60)% | |||
| Bloomberg US Aggregate Bond Index (reflects no deduction for fees, expenses or taxes) | 7.30% | (0.36)% | (0.37)% |
After-tax returns are calculated using the highest historical individual federal marginal income tax rate and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder’s tax situation and may differ from those shown. After-tax returns are not relevant for shareholders who hold Fund shares in tax-deferred accounts or to Shares held by non-taxable entities. After-tax returns are only shown for Class A Shares. After-tax returns for other share classes, which are not shown, will vary from those of Class A Shares.
The bar chart and accompanying table shown below provide an indication of the risks of investing in the Fund. The bar chart shows the performance of the Fund’s Class A Shares for each full calendar year since the Fund’s Class A Shares commenced operations. Although Class C, N and I Shares have similar annual returns to Class A Shares because the classes are invested in the same portfolio of securities, the returns for Class C, N, and I Shares are different from Class A Shares because Class C, N and I Shares have different expenses than Class A Shares. The performance table shows how the average annual returns of Class A, C, I and N Shares compare over time with those of a broad-based market index, and a supplemental index. How the Fund has performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future. Updated performance information is available at no cost by calling 1-877-771-3836 and on the Fund’s website at www.eventidefunds.com.
Figures do not reflect sales charges. If they did, returns would be lower.
During the period shown in the bar chart, for the Class A Shares, the highest return for a quarter was 15.36% (quarter ended December 31, 2023), and the lowest return for a quarter was (5.95)% (quarter ended September 30, 2023). The Fund’s Class A year-to-date return as of September 30, 2026, was 9.58%.
| Average Annual Total Returns (periods ended December 31, 2025) |
1 Year | Since
inception (6/30/2022) | ||
| Class A Shares | ||||
| Return Before Taxes | 4.94% | 12.41% | ||
| Return After Taxes on Distributions | 4.77% | 12.05% | ||
| Return After Taxes on Distributions and Sale of Fund Shares | 2.99% | 9.69% | ||
| Class C Shares | ||||
| Return Before Taxes | 10.49% | 13.51% | ||
| Class N Shares | ||||
| Return Before Taxes | 11.43% | 14.41% | ||
| Class I Shares | ||||
| Return Before Taxes | 11.60% | 14.61% | ||
| Bloomberg U.S. 500 Index (reflects no deduction for fees, expenses or taxes) | 18.03% | 20.46% | ||
| Bloomberg U.S. 500 Equal Weight Index (reflects no deduction for fees, expenses or taxes) | 10.26% | 12.91% | ||
| S&P 500 Total Return Index1 | 17.88% | 20.18% |
| 1 | The Fund has changed its benchmark from the S&P 500 Total Return Index to the Bloomberg U.S. 500 Index to be consistent with Eventide using Bloomberg indices across products. This change benefits shareholders by reducing index licensing costs. |
After-tax returns are calculated using the highest historical individual federal marginal income tax rate and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder’s tax situation and may differ from those shown. After-tax returns are not relevant for shareholders who hold Fund shares in tax-deferred accounts or to Shares held by non-taxable entities. After-tax returns are only shown for Class A Shares. After-tax returns for other share classes, which are not shown, will vary from those of Class A Shares.