Mutual Fund Series Trust has recently filed a summary prospectus for its Catalyst/SMH Total Return Income Fund, which outlines the fund's investment objectives, fees, and strategies. This filing, dated November 4, 2026, is significant as it aims to provide clarity and transparency to potential investors, enhancing their understanding of the fund's offerings.

Founded in Ohio, Mutual Fund Series Trust operates in the investment sector and is known for its commitment to providing various mutual fund options to investors. The company’s recent filings include multiple 497K forms on the same date, indicating a proactive approach to updating investors about its funds. The Catalyst/SMH Total Return Income Fund is one of its key offerings, designed to generate income and capital appreciation for its shareholders.

The filing specifies that the fund's investment objective is to achieve income and capital appreciation through a diverse range of income-producing securities. It includes equity securities, such as dividend-paying common stocks and REITs, as well as debt securities, including bonds and convertible bonds. The fund may also invest in preferred stock and master limited partnerships, showcasing a broad investment strategy.

According to the filing, the fund offers three classes of shares: Class A, Class C, and Class I, each with different fee structures. Class A shares have a maximum sales charge of 5.75%, while Class C and Class I shares do not have any initial sales charge. The annual operating expenses for these classes are detailed, with Class A at 3.92%, Class C at 4.67%, and Class I at 3.67%. The fund has also implemented a fee waiver agreement, which will limit total annual expenses for the next year.

This filing may impact various stakeholders, including current and potential investors, financial advisors, and competitors in the mutual fund industry. Investors looking for income-focused investment options may find the Catalyst/SMH Total Return Income Fund appealing, especially given its diverse investment strategy and fee structures. Financial advisors can utilize this information to guide clients in making informed investment decisions.

Looking ahead, it is unclear what specific actions will follow this filing. However, the filing does not indicate any upcoming votes or additional filings related to this fund at this time. Investors interested in this fund can access more detailed information through the fund's prospectus and additional resources available online.