Catalyst Insider Buying Fund

Class A - 1.53%

Class C – 2.28%

Class I – 1.28%

Class T – 1.53%

Catalyst/SMH High Income Fund

Class A – 1.48%

Class C – 2.23%

Class I – 1.23%

Class T – 1.48%

Catalyst/SMH Total Return Income Fund

Class A – 1.58%

Class C – 2.33%

Class C-1 – 2.99%

Class I – 1.33%

Class T – 1.58%

Catalyst/MAP Global Balanced Fund

Class A – 1.22%

Class C – 1.97%

Class I – 0.97%

Class T – 1.22%

Catalyst/MAP Global Equity Fund

Class A – 1.21%

Class C – 1.96%

Class I – 0.96%

Class T – 1.21%

Catalyst Dynamic Alpha Fund

Class A – 1.38%

Class C – 2.13%

Class I – 1.13%

Class T – 1.38%

Catalyst Tactical Allocation Fund

Class A – 1.53%

Class C – 2.28%

Class I – 1.28%

Class T – 1.53%

Class A – 1.74%

Class C – 2.49%

Class I – 1.49%

Class T – 1.74%

Catalyst Buffered Shield Fund

Class A – 1.48%

Class C – 2.23%

Class I – 1.23%

Class T – 1.48%

Catalyst/CIFC Senior Secured Income Fund

Class A – 1.15%

Class C – 1.90%

Class I – 0.90%

Class T – 1.15%

Class A – 1.00%

Class C – 1.75%

Class I – 0.75%

Class T – 1.00%

Catalyst Systematic Alpha Fund

Class A – 2.02%

Class C – 2.77%

Class I – 1.77%

Class T – 2.02%

Class A – 1.68%

Class C – 2.43%

Class I – 1.43%

Class T – 1.68%

Class A – 1.75%

Class C – 2.50%

Class I – 1.50%

Class A – 2.24%

Class C – 2.99%

Class I – 1.99%

Class T – 2.24%

Class A – 2.24%

Class C – 2.99%

Class I – 1.99%

Very truly yours,

CATALYST CAPITAL ADVISORS LLC

By: /s/ Jerry Szilagyi

Name: Jerry Szilagyi

Title: Chief Executive Officer

MUTUAL FUND SERIES TRUST

By: /s/ Jennifer Bailey

Name: Jennifer Bailey

Title: Secretary