Catalyst Funds Completes Acquisition Of Exceed Defined Shield Fund

Sep 7 2017 | 5:00pm ET

Liquid alternative mutual fund specialist Catalyst Funds has completed its previously announced acquisition of Exceed Defined Shield Index Fund, rebranding it as the Catalyst/Exceed Defined Shield Fund.

The company first announced the fund acquisition in June. The rebranded vehicle, which will maintain the same investment strategy and management as its predecessor, will trade under the symbol SHIIX. 

The Catalyst/Exceed Defined Shield fund tracks a basket of four rolling “defined outcome” investments that utilize long and short options exposure to meet two specific characteristics. The first seeks to limit losses to approximately the first 12.5% of S&P 500 Index losses on an annualized basis, while the second seeks participation in the annual upside of the S&P 500 Index up to a maximum gain of 15%. 

“The acquisition of the Exceed Defined Shield Fund expands Catalyst’s portfolio of ‘defined outcome’ investment strategies by adding a fund with a proven track record,” said Jerry Szilagyi, CEO of Catalyst Funds, in the statement. “The Exceed team has developed strategies that allow portfolios to seek to hedge against bear markets, while attempting not to sacrifice profits on the upside. We think this is an important portfolio management tool and one that we want to offer investors alongside Catalyst’s range of alternative investment strategies.”

Founded in 2006, Catalyst Funds currently offers 26 distinctive funds providing various strategies with the goal of producing income- and equity-oriented returns while seeking to control risk and volatility. The company offers a wide spectrum of investment approaches, including dynamic equity, hedged strategies, alternative income and global equity. 

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