Catalyst Funds Completes Acquisition Of Exceed Defined Shield Fund

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%.