Catalyst Buffered Shield Fund I (Catalyst Buffered Shield Fund C) fond

Under normal market conditions, the fund seeks to achieve its investment objective by investing in put and call options on exchange traded funds (“ETFs”) that track the S&P 500 Index (“Index ETFs”), and in fixed income securities. Using a combination of put and call options on index ETFs, the fund's investment sub-advisor, Exceed Advisory LLC initially executes the equity options strategy by seeking to provide an investment vehicle that limits losses to 12.5% when the index declines in value, and to participate in increases in the index up to approximately 15%.