The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year for Class A Shares and by showing how the average annual total returns of each class of the Fund compare with the average annual total returns of the Bloomberg Global Aggregate Bond Index, a broad-based securities market index, and the Credit Suisse Managed Futures Liquid Index. Performance for classes other
than those shown may vary from the performance shown to the extent the expenses for those classes differ. Effective February 28, 2026, the Fund changed its principal investment strategies to reflect the utilization of trend-following and macro trading approaches, and to add exposure to certain crypto assets. Consequently, performance during periods prior to February 28, 2026, does not reflect the Fund’s current investment strategies, and the Fund’s performance may have differed if the Fund’s current investment strategies had been in place. The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available at the Fund’s website https://www.mast-funds.com/, or by calling the Fund at 1-833-829-0010.
| Highest Calendar Quarter Return at NAV | 13.44% | Quarter Ended 3/31/2022 |
| Lowest Calendar Quarter Return at NAV | (12.81)% | Quarter Ended 6/30/2025 |
| Average Annual Total Returns | One Year | Five Years | Ten Years |
| Class A – Return Before Taxes | (10.59)% | 0.48% | (0.32)% |
| Class A – Return After Taxes on Distributions* | (11.17)% | (1.53)% | (1.47)% |
| Class A – Return After Taxes on Distributions and Sale of Fund Shares* | (5.86)% | (0.15)% | (0.55)% |
| Class C – Return Before Taxes | (6.28)% | 0.83% | (0.53)% |
| Class I – Return Before Taxes | (5.22)% | 1.84% | 0.46% |
| Bloomberg Global Aggregate Bond Index (reflects no deduction for fees, expenses or taxes) | 8.17% | (2.15)% | 1.26% |
| Credit Suisse Managed Futures Liquid Index (reflects no deduction for fees, expenses or taxes) | (4.04)% | 2.24% | 0.55% |
* After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.
The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year for Class A Shares and by showing how the average annual total returns of each class of the Fund compare with the average annual total returns of the Bloomberg US Aggregate Bond Index, a broad-based securities market index, and the ICE BofA US 3-Month Treasury Bill Index. Performance for classes other than those shown may vary from the performance shown to the extent the expenses for those classes differ. The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available at the Fund’s website https://www.mast-funds.com/, or by calling the Fund at 1-833-829-0010.
| Highest Calendar Quarter Return at NAV | 4.69% | Quarter Ended 3/31/2021 |
| Lowest Calendar Quarter Return at NAV | (3.82)% | Quarter Ended 12/31/2018 |
| Average Annual Total Returns | One Year | Five Years | Ten Years |
| Class A – Return Before Taxes | (4.57)% | 2.56% | 2.40% |
| Class A – Return After Taxes on Distributions* | (4.81)% | 0.89% | 0.55% |
| Class A – Return After Taxes on Distributions and Sale of Fund Shares* | (2.53)% | 1.29% | 1.05% |
| Class I – Return Before Taxes | 0.97% | 3.92% | 3.22% |
| Bloomberg US Aggregate Bond Index (reflects no deduction for fees, expenses or taxes) | 7.30% | (0.36)% | 2.01% |
| ICE BofA US 3-Month Treasury Bill Index (reflects no deduction for fees, expenses or taxes) | 4.21% | 3.19% | 2.19% |
* After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.