Value Fund (CTVAX)

Catalyst Value Fund Investment Performance

Catalyst Value Fund	as of 6/30/2010
	YTD *	1 Year	3 Years	Since Inception (7/31/2006)
Class A (CTVAX) **	-8.26%	30.47%	-1.17%	5.40%
Class A (CTVAX) ***	-13.54%	22.97%	-3.10%	3.82%
Class C (CTVCX)	-8.60%	30.66%	-1.71%	4.77%
Performance Benchmark
S&P 500 Index	-6.65%	14.43%	-9.80%	-3.23%
Russell 2000 Value Index	-1.64%	25.07%	-9.83%	-3.71%

* Aggregate total return, not annualized.

** Above performance does not reflect the Fund’s maximum sales load for Class “A” shares of 5.75%. If the sales load was reflected it would reduce the performance quoted.

*** Adjusted for the maximum sales charge of 5.75%

The above performance is after Fund net operating expenses of 1.55% for Class A and 2.30% for Class C. The gross operating expenses before fee waivers and reimbursements are 1.95% for Class A and 2.70% for Class C. The advisor has contractually agreed to waive fees and/or reimburse expenses to maintain the Fund’s total annual operating expense ratios at 1.55% for Class A and 2.30% for Class C through July 31, 2011.

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 please call the fund, toll free at 1.866.447.4228. 

An investor should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information about the Catalyst Funds can be found in the Fund’s prospectus. Please read the prospectus carefully before investing. The Catalyst Funds are distributed by Matrix Capital Group, Inc., New York, NY 10017.