Catalyst/Warrington Strategic Program Fund (CWXCX)
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Catalyst/Warrington Strategic Program Fund Profile
| NASDAQ Exchange | US Country |
Overview
The fund aims to fulfill its investment objective by predominantly investing in a diversified portfolio of commercial and residential mortgage backed securities (MBS) and other asset-backed fixed income securities. These comprise both agency and non-agency MBS, including but not limited to, securities backed by various assets like aircraft, automobiles, credit card receivables, and student loans. Its investment approach does not emphasize a particular credit quality, thereby allowing investments in a wide range of securities from high-grade to distressed and below investment grade (junk) securities. Additionally, the fund has the flexibility to allocate up to 15% of its net assets in illiquid securities, reflecting a broad and adaptable investment strategy.
Products and Services
- Agency and Non-Agency MBS Investments:
- Investment in Asset-Backed Securities:
- Distressed and Below Investment Grade Securities Investments:
- Illiquid Securities Allocation:
These are investments primarily in securities backed by mortgages. Agency MBS are guaranteed by government-sponsored enterprises, offering a level of safety, whereas Non-Agency MBS are not government-backed and tend to offer higher yields but come with higher risk.
The fund invests in other kinds of fixed income asset-backed securities beyond MBS. This includes securities backed by a variety of assets such as aircraft, automobiles, credit card receivables, and student loans, diversifying the investment portfolio across different asset classes.
Part of the fund's strategy includes the investment in distressed asset-backed securities and other securities that are below investment grade. This approach targets higher yield opportunities but also subjects the fund to a higher risk profile.
Up to 15% of the fund's net assets may be invested in illiquid securities. This portion of the fund's portfolio is dedicated to securities that are not easily sold on the market, potentially offering higher returns in exchange for higher liquidity risk.
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