- ISIN
- US62827M4179
- CUSIP
- 62827M417
- Issuer
- Catalyst Mutual Funds
- Inception Date
- Jul 31, 2014
- Category
- Multistrategy
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
Share Price Chart
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Performance
ATRFX Performance Chart
Catalyst Systematic Alpha Class I (ATRFX) is up 0.8% since the beginning of the year. ATRFX is currently trading at $11 per share. Investors who bought $1,000 worth of ATRFX shares 5 years ago would now be looking at an investment worth $1,317.
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Returns By Period
Catalyst Systematic Alpha Class I (ATRFX) has returned 0.83% so far this year and 17.48% over the past 12 months. Over the last ten years, ATRFX has returned 5.97% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Catalyst Systematic Alpha Class I
- 1D
- 1.68%
- 1M
- 3.62%
- YTD
- 0.83%
- 6M
- 0.20%
- 1Y
- 17.48%
- 3Y*
- -0.12%
- 5Y*
- 5.66%
- 10Y*
- 5.97%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
ATRFX Monthly Returns History
Based on dividend-adjusted daily data since Aug 1, 2014, ATRFX's average daily return is +0.02%, while the average monthly return is +0.48%. At this rate, an investment would double in approximately 12.1 years.
Historically, 56% of months were positive and 44% were negative. The best month was Apr 2026 with a return of +11.1%, while the worst month was Mar 2026 at -17.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, ATRFX closed higher 50% of trading days. The best single day was Apr 9, 2025 with a return of +6.4%, while the worst single day was Aug 5, 2024 at -9.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -5.06% | 4.39% | -17.05% | 11.05% | 7.61% | 2.64% | 0.83% | ||||||
| 2025 | 3.21% | -6.68% | -6.49% | -4.63% | 3.28% | 1.79% | 2.92% | 4.35% | 3.28% | 2.69% | -3.67% | 3.76% | 2.81% |
| 2024 | 2.08% | 2.47% | 6.47% | -1.81% | 0.27% | 1.11% | -0.08% | -7.95% | -0.61% | -4.46% | 1.79% | -2.75% | -4.14% |
| 2023 | 9.33% | -0.09% | 0.15% | 3.21% | 4.51% | 6.05% | -0.80% | -1.68% | -2.38% | -3.21% | 7.67% | 0.35% | 24.60% |
| 2022 | -9.32% | 1.30% | 6.01% | -4.46% | -2.04% | -0.89% | -1.60% | 1.63% | -3.51% | 5.92% | 5.98% | -2.20% | -4.33% |
| 2021 | 1.73% | 2.86% | 0.93% | 5.41% | 1.74% | 2.10% | 6.53% | 3.68% | -4.90% | 3.46% | -1.97% | 2.04% | 25.70% |
Benchmark Metrics
Catalyst Systematic Alpha Class I has an annualized alpha of 2.79%, beta of 0.24, and R2 of 0.08 versus S&P 500 Index. Calculated based on daily prices since August 01, 2014.
- This fund participated in 77.10% of S&P 500 Index downside but only 54.72% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.24 may look defensive, but with R2 of 0.08 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.08 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.79%
- Beta
- 0.24
- R²
- 0.08
- Upside Capture
- 54.72%
- Downside Capture
- 77.10%
Expense Ratio
ATRFX has a high expense ratio of 1.77%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ATRFX ranks 11 for risk / return — in the bottom 11% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Catalyst Systematic Alpha Class I (ATRFX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ATRFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.37 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | 2.78 | -1.98 |
| Martin ratioReturn relative to average drawdown | 2.36 | 12.44 | -10.08 |
Dividends
Dividend History
Catalyst Systematic Alpha Class I provided a 0.49% dividend yield over the last twelve months, with an annual payout of $0.05 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.05 | $0.07 | $1.26 | $0.23 | $0.50 | $0.60 | $1.94 | $0.16 | $0.11 | $0.00 | $0.09 | $0.10 |
Dividend yield | 0.49% | 0.65% | 11.89% | 1.87% | 4.98% | 5.43% | 20.92% | 1.60% | 1.37% | 0.00% | 0.91% | 1.02% |
Monthly Dividends
The table displays the monthly dividend distributions for Catalyst Systematic Alpha Class I. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.01 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.02 | ||||||
| 2025 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 |
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.20 | $0.02 | $0.02 | $0.02 | $0.87 | $1.26 |
| 2023 | $0.00 | $0.00 | $0.02 | $0.01 | $0.01 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.23 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.50 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.60 | $0.60 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Catalyst Systematic Alpha Class I. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Catalyst Systematic Alpha Class I was 35.17%, occurring on Apr 8, 2025. The portfolio has not yet recovered.
The current Catalyst Systematic Alpha Class I drawdown is 14.00%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -35.17%Apr 2025 | 8mo 25d | — | 1y 11moJul 2024 - now |
Rate-hike selloffLate 2018 | -25.03%Dec 2018 | 11mo 5d | 1y 7d | 1y 11moJan 2018 - Jan 2020 |
COVID crash2020 | -21.72%Mar 2020 | 1mo | 8mo 19d | 9mo 19dFeb 2020 - Dec 2020 |
Bear market2022 | -16.96%Sep 2022 | 10mo 25d | 4mo 4d | 1y 2moNov 2021 - Feb 2023 |
2023 pullback2023 | -9.92%Oct 2023 | 3mo 23d | 2mo 18d | 6mo 11dJul 2023 - Jan 2024 |
Drawdown Indicators
| ATRFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.17% | -56.78% | +21.61% |
Max Drawdown (1Y)Largest decline over 1 year | -22.53% | -9.10% | -13.43% |
Max Drawdown (3Y)Largest decline over 3 years | -35.17% | -18.90% | -16.27% |
Max Drawdown (5Y)Largest decline over 5 years | -35.17% | -25.43% | -9.74% |
Max Drawdown (10Y)Largest decline over 10 years | -35.17% | -33.92% | -1.25% |
Current DrawdownCurrent decline from peak | -14.00% | -1.80% | -12.20% |
Average DrawdownAverage peak-to-trough decline | -8.79% | -10.71% | +1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.69% | 2.03% | +5.66% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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