(Opalesque) Catalyst Funds, an alternative-focused mutual fund company, announced it will acquire the Exceed Defined Shield Index Fund. The acquisition will rebrand the mutual fund as the Catalyst Exceed Defined Shield Fund (SHIIX). It will maintain the same investment strategy as its predecessor.
The Catalyst Exceed Defined Shield Fund seeks to track, before fees and expenses, the performance of the NASDAQ Exceed Defined Protection Index. It attempts to do this by investing in put and call options to gain exposure to the S&P 500 Index, with positions that seek to limit losses and seek upside participation on an annual basis.
“The acquisition of the Exceed Defined Shield Fund expands Catalyst’s portfolio of distinct, alternative investment strategies with a proven track record,” said Jerry Szilagyi, CEO of Catalyst Funds. “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.
