# EDGAR Filing Document

**Accession Number:** 0001355064
**File Stem:** 0001580642-23-001803
**Filing Date:** 2023-3
**Character Count:** 8020
**Document Hash:** a746e41726f9dd39af23114dab2dfc03
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001580642-23-001803.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0001580642-23-001803

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 16

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**EFFECTIVENESS DATE**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MUTUAL FUND SERIES TRUST
- **CENTRAL INDEX KEY:** 0001355064
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-132541
- **FILM NUMBER:** 23783895

**BUSINESS ADDRESS:**
- **STREET 1:** C/O GEMINI FUND SERVICES LLC
- **STREET 2:** 4221 NORTH 203RD STREET, SUITE 100
- **CITY:** ELKHORN
- **STATE:** NE
- **ZIP:** 68022-3474
- **BUSINESS PHONE:** 631 549 1859

**MAIL ADDRESS:**
- **STREET 1:** C/O GEMINI FUND SERVICES LLC
- **STREET 2:** 4221 NORTH 203RD STREET, SUITE 100
- **CITY:** ELKHORN
- **STATE:** NE
- **ZIP:** 68022-3474

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CATALYST FUNDS
- **DATE OF NAME CHANGE:** 20060303

## Series and Classes Contracts Data

### AlphaCentric Income Opportunities Fund (Series ID: S000048680)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                     | Ticker Symbol | Class ID   |
| AlphaCentric Income Opportunities Fund Class A | IOFAX         | C000153405 |
| AlphaCentric Income Opportunities Fund Class C | IOFCX         | C000153406 |
| AlphaCentric Income Opportunities Fund Class I | IOFIX         | C000153407 |

---

## Series and Classes Contracts Data

### AlphaCentric Income Opportunities Fund (Series ID: S000048680)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000153405 | AlphaCentric Income Opportunities Fund Class A | IOFAX           |
| C000153406 | AlphaCentric Income Opportunities Fund Class C | IOFCX           |
| C000153407 | AlphaCentric Income Opportunities Fund Class I | IOFIX           |

?xml version="1.0" encoding="utf-8"?

**AlphaCentric Income Opportunities Fund**

**AlphaCentric Income Opportunities Fund**

CLASS A: IOFAX CLASS C: IOFCX CLASS I: IOFIX

*(the "Fund")*

March 31, 2023

*The information supplements certain information contained in the currently effective Prospectus and Summary Prospectus for the Fund, each dated August 1, 2022.*

______________________________________________________________________________

**Effective April 1, 2023, the management fee payable by the Fund to AlphaCentric Advisors LLC, the Fund's investment adviser, will be reduced from 1.50% to 1.30% of the average daily net assets of the Fund. Accordingly, the following changes are hereby made to the Prospectus and Summary Prospectus, effective April 1, 2023:**

*1)* *The table under the section of the Fund's Summary Prospectus entitled "FUND SUMMARY – ALPHACENTRIC INCOME OPPORTUNITIES FUND - Fees and Expenses of the Fund" is hereby replaced with the following:*

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Shareholder Fees**<br> *(fees paid directly from your investment)* | &nbsp;&nbsp;**Class<br> A** | &nbsp;&nbsp;**Class<br> C** | &nbsp;&nbsp;**Class<br> I** |
| &nbsp;&nbsp;**Maximum Sales Charge<br> (Load) Imposed on Purchases (as a % of offering price)** | &nbsp;&nbsp;**4.75%** |  |  |
| &nbsp;&nbsp;**Maximum Deferred Sales Charge (Load)** | &nbsp;&nbsp;**1.00%<sup>1</sup>** |  |  |
| &nbsp;&nbsp;**Maximum Sales Charge (Load) Imposed <br> on Reinvested Dividends and other Distributions** |  |  |  |
| &nbsp;&nbsp;**Redemption Fee** |  |  |  |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Annual Fund Operating Expenses**<br> *(expenses that you pay each year as a percentage of the value of your investment)* | | | |
| &nbsp;&nbsp;**Management Fees** | <br>&nbsp;&nbsp;**1.30%** | <br>&nbsp;&nbsp;**1.30%** | <br>&nbsp;&nbsp;**1.30%** |
| &nbsp;&nbsp;**Distribution and Service (12b-1) Fees** | &nbsp;&nbsp;**0.25%** | &nbsp;&nbsp;**1.00%** | |
| &nbsp;&nbsp;**Other Expenses** | &nbsp;&nbsp;**0.20%** | &nbsp;&nbsp;**0.20%** | <br>&nbsp;&nbsp;**0.20%** |
| &nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp; Interest Expense* | &nbsp;&nbsp; *0.01%* | &nbsp;&nbsp; *0.01%* | &nbsp;&nbsp; *0.01%* |
| &nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp; Remaining Other Expenses* | &nbsp;&nbsp; *0.19%* | &nbsp;&nbsp; *0.19%* | &nbsp;&nbsp; *0.19%* |
| &nbsp;&nbsp;**Total Annual Fund Operating Expenses** | &nbsp;&nbsp;**1.75%** | &nbsp;&nbsp;**2.50%** | &nbsp;&nbsp;**1.50%** |

---

---

| | |
|:---|:---|
| <sup>1.</sup> | The 1.00% maximum deferred sales charge may be assessed in the case of investments at or above the $1 million breakpoint (where you do not pay an initial sales charge) on shares redeemed within eighteen months of purchase. |

---

2) *The section of the Fund's Summary Prospectus entitled "FUND SUMMARY – ALPHACENTRIC INCOME OPPORTUNITIES FUND - Fees and Expenses of the Fund - Example" is hereby replaced with the following:*

<u>Example</u>: This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated, and then hold or redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**<u>Year</u>** | &nbsp;&nbsp;**<u>Class A</u>** | &nbsp;&nbsp;**<u>Class C</u>** | &nbsp;&nbsp;**<u>Class I</u>** |
| &nbsp;&nbsp;**1** | &nbsp;&nbsp;$644 | &nbsp;&nbsp;$253 | &nbsp;&nbsp;$153 |
| &nbsp;&nbsp;**3** | &nbsp;&nbsp;$1000 | &nbsp;&nbsp;$779 | &nbsp;&nbsp;$474 |
| &nbsp;&nbsp;**5** | &nbsp;&nbsp;$1379 | &nbsp;&nbsp;$1331 | &nbsp;&nbsp;$818 |
| &nbsp;&nbsp;**10** | &nbsp;&nbsp;$2439 | &nbsp;&nbsp;$2836 | &nbsp;&nbsp;$1791 |

---

*3)* *The Fund's Contractual Advisory Fee set forth in the table under the section of the Fund's Prospectus entitled "Management of the Fund – Advisory Fees" is changed from 1.50% to 1.30%.*

\* \* \* \* \*

***You should read this Supplement in conjunction with the Prospectus, Summary Prospectus and Statement of Additional Information for the Fund, each dated August 1, 2022, which provide information that you should know about the Fund before investing. These documents are available upon request and without charge by calling the Fund toll-free at 1-844-223-8637 or by writing to 4221 North 203rd Street, Suite 100, Elkhorn, Nebraska 68022.***

**Please retain this Supplement for future reference**.

**AlphaCentric Income Opportunities Fund**

CLASS A: IOFAX CLASS C: IOFCX CLASS I: IOFIX

*(the "Fund")*

 **

**March 31, 2023**

 **

*This information supplements certain information contained in the Statement of Additional Information ("SAI") for the Fund, dated August 1, 2022, and should be read in conjunction with such SAI.*

*______________________________________________________________________________*

**Effective April 1, 2023, the management fee payable by the Fund to AlphaCentric Advisors LLC, the Fund's investment adviser, will be reduced from 1.50% to 1.30% of the average daily net assets of the Fund. Accordingly, all references to the Fund's management fee are hereby changed to 1.30% of the average daily net assets of the Fund.**

 

***You should read this Supplement in conjunction with the Prospectus, Summary Prospectus and the Statement of Additional Information for the Fund, each dated August 1, 2022, which provide information that you should know about the Fund before investing. These documents are available upon request and without charge by calling the Fund toll-free at 1-1-844-223-8637 or by writing to 4221 North 203rd Street, Suite 100, Elkhorn, Nebraska 68022.***

**Please retain this Supplement for future reference.**