SHIEX: Catalyst/Exceed Defined Shield A

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Fixed income news, reports, video and more.

Municipal bonds news, reports, video and more.

Practice management news, reports, video and more.

Portfolio management news, reports, video and more.

Retirement news, reports, video and more.

Learn from industry thought leaders and expert market participants.

Deepen your understanding of Responsible Investing and learn how it can potentially help you build a more successful practice.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

SHIEX Catalyst/Exceed Defined Shield A


Profile

SHIEX - Profile

Vitals

  • YTD Return 0.1%
  • 3 Yr Annualized Return -3.7%
  • 5 Yr Annualized Return 1.0%
  • Net Assets $59.5 M
  • Holdings in Top 10 40.0%

52 WEEK LOW AND HIGH

$9.90
$8.60
$10.36

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.03%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 138.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $2,500

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Options-based

Distributions

  • YTD Total Return 0.1%
  • 3 Yr Annualized Total Return -3.7%
  • 5 Yr Annualized Total Return 1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.77%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Catalyst/Exceed Defined Shield Fund
  • Fund Family Name
    Catalyst Mutual Funds
  • Inception Date
    Apr 14, 2015
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Joseph Halpern

Fund Description

Under normal market conditions, the fund seeks to achieve its investment objective by investing in put and call options on exchange traded funds ("ETFs") that track the S&P 500 Index ("index ETFs"), and in fixed income securities. Using a combination of put and call options on index ETF's, the fund's investment sub-advisor, Exceed Advisory LLC (the "Sub-Advisor") seeks to provide an investment vehicle that limits losses to 12.5% when the index declines in value, and to participate in increases in the index up to approximately 15%. The fund is non-diversified.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

SHIEX - Mutual Fund Categories


Performance

SHIEX - Performance

Return Ranking - Trailing

Period SHIEX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.1% -33.3% 980.1% 47.33%
1 Yr -0.7% -38.9% 842.5% 62.92%
3 Yr -3.7%* -22.6% 78.3% 85.45%
5 Yr 1.0%* -43.5% 24.1% 51.99%
10 Yr N/A* -38.4% 16.7% N/A

* Annualized

Return Ranking - Calendar

Period SHIEX Return Category Return Low Category Return High Rank in Category (%)
2019 13.2% -50.4% 46.8% 35.61%
2018 -14.0% -31.8% 19.0% 81.84%
2017 -0.5% -44.7% 46.3% 95.57%
2016 5.1% -84.5% 219.0% 35.65%
2015 N/A -40.7% 14.6% N/A

Total Return Ranking - Trailing

Period SHIEX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.1% -33.3% 980.1% 47.33%
1 Yr -0.7% -38.9% 842.5% 62.92%
3 Yr -3.7%* -22.6% 78.3% 91.53%
5 Yr 1.0%* -43.5% 29.9% 76.40%
10 Yr N/A* -38.4% 17.9% N/A

* Annualized

Total Return Ranking - Calendar

Period SHIEX Return Category Return Low Category Return High Rank in Category (%)
2019 13.2% -50.4% 46.8% 36.28%
2018 -14.0% -27.4% 19.0% 90.51%
2017 -0.5% -44.7% 46.3% 96.90%
2016 5.1% -84.5% 242.1% 62.78%
2015 N/A -36.9% 14.6% N/A

NAV & Total Return History


Holdings

SHIEX - Holdings

Concentration Analysis

SHIEX Category Low Category High SHIEX % Rank
Net Assets 59.5 M 100 K 110 B 74.62%
Number of Holdings 221 2 2284 45.79%
Net Assets in Top 10 21.5 M 146 K 25.2 B 80.25%
Weighting of Top 10 39.97% 11.4% 100.0% 54.79%

Top 10 Holdings

  1. PGIM Ultra Short Bond ETF 12.89%
  2. Vanguard Short-Term Corporate Bond ETF 7.20%
  3. iShares Short-Term Corporate Bond ETF 4.69%
  4. Us Bank Mmda - Usbgfs5 4.07%
  5. JPMorgan Ultra-Short Income ETF 3.95%
  6. iShares 0-5 Year Invmt Grade Corp Bd ETF 2.13%
  7. Northrop Grumman Corporation 3.5% 1.42%
  8. Credit Suisse Group Funding (Guernsey) Limited 3.12% 1.22%
  9. The Charles Schwab Corporation 4.45% 1.21%
  10. UnionBanCal Corporation 3.5% 1.17%

Asset Allocation

Weighting Return Low Return High SHIEX % Rank
Bonds
78.22% -68.77% 78.22% 0.38%
Cash
15.14% -95.11% 80.85% 15.35%
Convertible Bonds
3.59% 0.00% 27.91% 12.83%
Stocks
2.08% -7.43% 77.67% 92.96%
Other
0.97% -12.66% 176.09% 28.05%
Preferred Stocks
0.00% 0.00% 45.01% 83.65%

Stock Sector Breakdown

Weighting Return Low Return High SHIEX % Rank
Technology
23.98% 0.00% 100.00% 18.16%
Healthcare
14.75% 0.00% 59.48% 43.79%
Financial Services
13.20% 0.00% 60.67% 58.08%
Communication Services
10.78% 0.00% 56.40% 21.36%
Consumer Cyclical
10.59% 0.00% 59.01% 49.40%
Industrials
8.39% 0.00% 36.77% 65.82%
Consumer Defense
7.38% 0.00% 22.38% 49.00%
Utilities
3.07% 0.00% 35.21% 50.20%
Real Estate
2.84% 0.00% 77.46% 57.68%
Energy
2.83% 0.00% 89.51% 52.34%
Basic Materials
2.20% 0.00% 100.00% 70.36%

Stock Geographic Breakdown

Weighting Return Low Return High SHIEX % Rank
US
2.06% -7.43% 77.52% 91.19%
Non US
0.02% -2.31% 19.39% 89.43%

Bond Sector Breakdown

Weighting Return Low Return High SHIEX % Rank
Corporate
75.76% 0.00% 100.00% 10.94%
Cash & Equivalents
14.79% -3.87% 100.00% 36.60%
Government
5.62% 0.00% 95.54% 80.25%
Securitized
3.83% 0.00% 87.39% 64.65%
Derivative
0.00% 0.00% 59.63% 74.34%
Municipal
0.00% 0.00% 100.00% 81.89%

Bond Geographic Breakdown

Weighting Return Low Return High SHIEX % Rank
US
61.59% -68.77% 85.79% 11.95%
Non US
16.63% -36.53% 25.83% 1.38%

Expenses

SHIEX - Expenses

Operational Fees

SHIEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.03% 0.01% 7.27% 14.36%
Management Fee 1.25% 0.00% 2.00% 94.59%
12b-1 Fee 0.25% 0.00% 1.00% 43.81%
Administrative Fee N/A 0.01% 0.83% N/A

Sales Fees

SHIEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 1.00% 5.75% 26.71%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

SHIEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 91.58%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SHIEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 138.00% 0.00% 574.00% 85.29%

Distributions

SHIEX - Distributions

Dividend Yield Analysis

SHIEX Category Low Category High SHIEX % Rank
Dividend Yield 0.00% 0.00% 9.94% 63.02%

Dividend Distribution Analysis

SHIEX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

SHIEX Category Low Category High SHIEX % Rank
Net Income Ratio 0.77% -5.24% 6.49% 82.39%

Capital Gain Distribution Analysis

SHIEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

SHIEX - Fund Manager Analysis

Managers

Joseph Halpern


Start Date

Tenure

Tenure Rank

Apr 14, 2015

5.39

5.4%

Mr. Halpern is the Chief Executive Officer and Portfolio Manager of Exceed. He founded Exceed Advisory in 2013. Since May 2017, Mr. Halpern has also held various roles at Fountainhead Capital Management, LLC (FCM), Fountainhead AM, LLC (FAM) and Fountainhead Retirement Services, LLC, (FRS) each an affiliated registered investment advisor (RIA). Mr. Halpern has served as Chief Compliance Officer at FCM and FAM as of February 2018 and FRS as of April 2019. Mr. Halpern has served as Chief Investment Officer of FAM since May 2017. Mr. Halpern has also served as a Senior Advisor to OmegaPoint Research, Inc. a Fintech company providing an advanced portfolio intelligence engine and separately, provided expert witness consulting on derivative-related legal matters since April 2018. From Dec. 2016 to June 2017, he was a Portfolio Manager of Catalyst. From 2010 to founding Exceed Advisory in 2013, Mr. Halpern was a director at Lamco, the asset management division of Lehman Brothers Holdings Inc. where he managed the exotic derivatives commodities book, was chief negotiator on a number of global bank settlements and was a lead member of a task force on structured products. Between 2007 and 2010, Mr. Halpern was Director on the Equity Derivatives Trading desk of ING Financial Markets (“ING”), a global financial institution. From 2006 to 2007, Mr. Halpern was SVP of Strategy and Risk for Kellogg Capital Group’s derivatives division. From 2002 to 2006, Mr. Halpern was a partner at Halpern Capital, a boutique investment bank focusing on investment banking and trading services in addition to providing independent research to institutional clients. Mr. Halpern began his career in 1996 as a derivatives trader at Letco Specialists, which has since been acquired by TD Securities, and became its youngest partner before leaving in 2002. Mr. Halpern has a BS from New York University, Stern School of Business.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.69 7.08 0.67