Expense Limitation Agreement November 19, 2015
Expense Limitation Agreement
November 19, 2015
To: Mutual Fund Series Trust
00000 Xxxxxx Xxxxxx
Xxxxx, XX 00000
Dear Board Members:
You have engaged us to act as the sole investment adviser to the Catalyst Funds listed on Exhibit A (each a “Fund” and together the “Funds”) pursuant to a Management Agreement dated as of July 31, 2006 (the “Agreement”) as amended.
We hereby contractually agree to waive management fees and/or reimburse the Funds for expenses they incur, but only to the extent necessary to maintain each Fund’s total annual operating expenses (excluding brokerage costs; borrowing costs such as (a) interest and (b) dividends on securities sold short; taxes; underlying fund expenses; 12b-1 distribution plan expenses, and extraordinary expenses) at the percentage of average daily net assets and term as stated in Exhibit A for each Fund.
Any waiver or reimbursement by us is subject to repayment by the applicable Fund within the three fiscal years following the fiscal year in which the expenses occurred, if the Fund is able to make the repayment without exceeding its current expense limitations and the repayment is approved by the Board of Trustees.
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Very truly yours,
CATALYST CAPITAL ADVISORS LLC
By _/s/ Xxxxx Xxxxxxxx Name, Title: Xxxxx Xxxxxxxx, Managing Member
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The foregoing Agreement is hereby accepted.
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By: _/s/ Xxxxxxx Xxxxx
Name, Title: Xxxxxxx Xxxxx, Trustee |
Exhibit A
| Fund | Percent of Net Assets | Term |
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Catalyst Small-Cap Insider Buying Fund Class A, C and I Shares |
1.50
|
10/31/16 |
|
Catalyst Hedged Insider Buying Fund Class A, C and I Shares |
1.50
|
10/31/16 |
|
Catalyst Insider Buying Fund Class A, C and I Shares |
1.25 |
10/31/16
|
|
Catalyst Insider Long-Short Fund Class A, C and I Shares |
1.50 |
10/31/16 |
|
Catalyst Hedged Futures Strategy Fund Class A, C and I Shares |
1.99 | 10/31/16 |
|
Catalyst/SMH High Income Fund Class A, C and I Shares |
1.20 | 10/31/16 |
|
Catalyst/SMH Total Return Income Fund Class A, C and I Shares |
1.30 | 10/31/16 |
|
Catalyst/Xxxxxxxxx Growth of Income Fund Class A, C and I Shares |
1.10 | 10/31/16 |
|
Catalyst/MAP Global Total Return Income Fund Class A, C and I Shares |
Class A and C Shares -1.30 Class I Shares - 1.25 |
10/31/16 |
|
Catalyst/MAP Global Capital Appreciation Fund Class A, C and I Shares |
Class A and C Shares -1.30 Class I Shares - 1.25 |
10/31/16 |
|
Catalyst Dynamic Alpha Fund Class A, C and I Shares |
1.10 | 10/31/16 |
|
Catalyst/Xxxxx Tactical Allocation Fund Class A, C and I Shares |
1.25 | 10/31/16 |
|
Catalyst/Xxxxx Hedged Premium Return Fund Class A, C and I Shares |
1.25 | 10/31/16 |
|
Catalyst/Princeton Floating Rate Income Fund Class A, C and I Shares |
1.10 | 10/31/16 |
|
Catalyst/EquityCompass Buyback Strategy Fund Class A, C and I Shares |
1.25 | 10/31/16 |
|
Catalyst Macro Strategy Fund Class A, C and I Shares |
1.70 | 10/31/16 |
|
Catalyst Activist Investor Fund Class A, C and I Shares |
1.25 | 10/31/16 |
|
Catalyst Insider Income Fund Class A, C and I Shares |
1.20 | 10/31/16 |
|
Catalyst Intelligent Alternative Fund Class A, C and I Shares |
0.35 | 10/31/16 |
|
Catalyst/Stone Beach Income Opportunity Fund Class A, C and I Shares |
1.30 | 10/31/16 |
|
Catalyst/Xxxxxxxxx Aggressive Growth Fund Class A, C and I Shares |
1.30 | 10/31/16 |
|
Catalyst Time Value Trading Fund Class A, C and I Shares |
1.99 | 10/31/16 |
|
Catalyst/Princeton Hedged Income Fund Class A, C and I Shares |
1.30 | 10/31/16 |
|
Catalyst/Princeton Credit Opportunity Fund Class A, C and I Shares |
1.74 | 10/31/16 |
|
Catalyst MLP & Infrastructure Fund Class A, C and I Shares |
1.40 | 10/31/16 |
|
Catalyst/Auctos Multi-Strategy Fund Class A, C and I Shares |
1.99 | 10/31/16 |
|
Catalyst IPOx Allocation Fund Class A, C and I Shares |
1.74 | 10/31/16 |
|
Catalyst Hedged Commodity Strategy Fund Class A, C and I Shares |
1.99 | 10/31/16 |
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Catalyst/Millburn Hedge Strategy Fund Class A, C and I Shares |
1.99 | 10/31/17 |
