CWXIX

About CWXIX

Catalyst/Warrington Strategic Program Fund Class I is an alternative mutual fund designed to pursue long-term capital appreciation with low correlation to traditional equities. The strategy centers on **buying and selling short‑term options and option spreads on S&P 500 Index futures**, seeking to profit across varying market regimes while emphasizing risk management through options structures and cash collateralization. The portfolio typically holds significant **cash and U.S. Treasury bills** alongside exchange‑traded index futures and listed options, reflecting its derivatives‑focused process and liquidity orientation. Managed by Warrington Asset Management as sub‑advisor since 2020, the fund’s present approach differs from its pre‑2020 strategy, a change the sponsor highlights when interpreting historical results. Within the options trading category, the fund targets **directionally diversified payoffs** by combining near‑the‑money purchases with sales of deep out‑of‑the‑money strikes, aiming to smooth return paths relative to broad equity benchmarks. The vehicle serves investors seeking **alternative return drivers**, potential diversification benefits, and systematic exposure to index options on U.S. large‑cap equities via the S&P 500 futures market.