Catalyst Funds launches four new funds; Miller and Krebs will manage

By Toni Weeks

San Diego, Dec. 22 - The Mutual Fund Series Trust, formerly known as Catalyst Funds, announced four new funds in an N-1A filing with the Securities and Exchange Commission.

The funds are the Catalyst/CP Core Equity Fund, the Catalyst/CP World Equity Fund, the Catalyst/CP Focus Large Cap Fund and the Catalyst/CP Focus Mid Cap Fund.

All of the funds seek to achieve long-term capital appreciation and are managed by Chicago-based Catalyst Capital Advisors LLC. The portfolio managers for the new funds are Bruce W. Miller and Cory S. Krebs.

The Core Equity fund will invest at least 80% of its net assets in common stocks of U.S. companies, real estate investment trusts and American Depositary Receipts. The management fee will be 1%, and the total annual fund operating expenses are 1.35% for class A shares and 2.1% for class C shares.

The World Equity Fund will allocate its portfolio among various broad or narrow equity indexes through the use of exchange-traded funds or other index-oriented investments. Under normal conditions, it will invest at least 80% of the fund's net assets in ETFs and at least 40% of the net assets in securities from at least three foreign countries. The management fee will be 1%, and the total annual fund operating expenses will be 1.75% for class A shares and 2.5% for class C shares.

The Focus Large Cap Fund will invest primarily in common stocks of domestic issuers, with at least 80% of its net assets invested in large cap stocks. The management fee will be 1%, and the total annual fund operating expenses are 1.35% for class A shares and 2.1% for class C shares.

The Focus Mid Cap Fund will invest primarily in common stocks of domestic issuers, with at least 80% of its net assets invested in mid cap stocks. The total fund operating expenses will be 1.5% for class A shares and 2.25% for class C shares.

For all of the funds, a maximum sales charge of 5.75% will be imposed on purchases of class A shares, and a deferred sales charge of 1% applies to both class A and class C shares.

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