Mast Managed Futures Strategy Fund Class A (CSAAX)

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Mast Managed Futures Strategy Fund Class A (CSAAX) is up 1.4% since the beginning of the year. CSAAX is currently trading at $8 per share. Investors who bought $1,000 worth of CSAAX shares 5 years ago would now be looking at an investment worth $991.

Mast Managed Futures Strategy Fund Class A (CSAAX) has returned 1.38% so far this year and 9.82% over the past 12 months. Over the last ten years, CSAAX has returned -0.26% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.

Based on dividend-adjusted daily data since Oct 3, 2012, CSAAX's average daily return is +0.01%, while the average monthly return is +0.20%. At this rate, an investment would double in approximately 28.9 years.

Historically, 52% of months were positive and 48% were negative. The best month was Jan 2015 with a return of +8.2%, while the worst month was Apr 2025 at -11.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.

On a daily basis, CSAAX closed higher 48% of trading days. The best single day was Mar 9, 2020 with a return of +5.2%, while the worst single day was Jan 30, 2026 at -5.1%.

Mast Managed Futures Strategy Fund Class A has an annualized alpha of 3.30%, beta of -0.06, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since October 03, 2012.

• This fund captured 4.95% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -3.68%) - a profile typical of hedging or uncorrelated assets.
• Beta of -0.06 may look defensive, but with R2 of 0.01 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 0.01 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.

CSAAX has a high expense ratio of 1.58%, indicating above-average management fees.

CSAAX ranks 19 for risk / return — above 19% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.

Mast Managed Futures Strategy Fund Class A provided a 2.86% dividend yield over the last twelve months, with an annual payout of $0.22 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Mast Managed Futures Strategy Fund Class A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Mast Managed Futures Strategy Fund Class A. 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 Mast Managed Futures Strategy Fund Class A was 29.18%, occurring on May 12, 2025. The portfolio has not yet recovered.

The current Mast Managed Futures Strategy Fund Class A drawdown is 22.00%.

The chart below shows the rolling one-month volatility.