Catalyst/Millburn Hedge Strategy Fund (MBXAX)
The fund seeks to achieve its investment objective by investing in a portfolio comprised of (i) futures contracts, forward and spot contracts, and/or options on futures contracts on or related to the following sectors: currencies, interest rate instruments, stock indices, metals, energy and agricultural commodities, (the "Futures Component") and (ii) equity ETFs, common stocks (the "Equity Component"), intended to capitalize on the non-correlated, long term historical performance of the equities and managed futures asset classes.
Fund Info
| ISIN | US62827P8326 |
|---|---|
| CUSIP | 62827P832 |
| Issuer | Catalyst Mutual Funds |
| Inception Date | Dec 27, 2015 |
| Category | Macro Trading |
| Min. Investment | $2,500 |
| Asset Class | Multi-Asset |
Asset Class Size | Mid-Cap |
Asset Class Style | Blend |
Expense Ratio
MBXAX has a high expense ratio of 2.18%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: MBXAX vs. AIQ, MBXAX vs. ATRFX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Catalyst/Millburn Hedge Strategy Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Catalyst/Millburn Hedge Strategy Fund had a return of 13.11% year-to-date (YTD) and 20.04% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 13.11% | 10.00% |
| 1 month | 2.42% | 2.41% |
| 6 months | 8.68% | 16.70% |
| 1 year | 20.04% | 26.85% |
| 5 years (annualized) | 8.04% | 12.81% |
| 10 years (annualized) | N/A | 10.84% |
Monthly Returns
The table below presents the monthly returns of MBXAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.47% | 5.91% | 1.27% | 3.39% | 13.11% | ||||||||
| 2023 | 0.06% | 0.75% | -5.25% | -0.47% | -1.38% | 4.61% | 1.28% | 0.73% | 4.99% | -2.26% | -0.90% | -2.62% | -0.91% |
| 2022 | -4.56% | 1.89% | 7.11% | 0.88% | 0.42% | -2.61% | -1.19% | 1.81% | 2.58% | 5.40% | -5.47% | 1.69% | 7.46% |
| 2021 | -1.43% | 8.15% | 0.70% | 5.28% | 3.38% | 0.53% | -0.41% | -1.72% | -4.31% | 6.54% | -0.44% | -0.06% | 16.62% |
| 2020 | -1.05% | -7.94% | -16.36% | 8.04% | 2.07% | 1.69% | 4.45% | 0.94% | 0.10% | -3.98% | 8.82% | 5.37% | -0.72% |
| 2019 | 3.38% | 2.07% | 1.27% | 2.07% | -5.79% | 4.36% | 1.37% | -4.28% | 2.70% | 0.69% | 3.98% | 1.54% | 13.59% |
| 2018 | -0.16% | -6.15% | 2.30% | 0.56% | 1.61% | 0.65% | -0.67% | 3.78% | 0.81% | -3.74% | 2.31% | -3.28% | -2.43% |
| 2017 | 0.80% | 4.22% | 0.76% | 1.84% | -0.61% | -3.06% | 1.34% | 3.61% | 0.10% | 3.41% | 0.37% | 0.34% | 13.69% |
| 2016 | 0.77% | 2.80% | 4.40% | -1.75% | 1.63% | 6.34% | 3.54% | -1.19% | 1.10% | -4.24% | 1.38% | 2.13% | 17.77% |
| 2015 | -0.72% | -0.72% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MBXAX is 71, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
MBXAX (Catalyst/Millburn Hedge Strategy Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Catalyst/Millburn Hedge Strategy Fund (MBXAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Catalyst/Millburn Hedge Strategy Fund granted a 1.78% dividend yield in the last twelve months. The annual payout for that period amounted to $0.70 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.70 | $0.70 | $2.71 | $0.00 | $1.21 | $1.60 | $0.92 | $1.06 | $0.52 |
Dividend yield | 1.78% | 2.02% | 7.57% | 0.00% | 3.92% | 4.96% | 3.07% | 3.35% | 1.82% |
Monthly Dividends
The table displays the monthly dividend distributions for Catalyst/Millburn Hedge Strategy Fund. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.70 | $0.70 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.71 | $2.71 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.21 | $1.21 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.60 | $1.60 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.92 | $0.92 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.06 | $1.06 |
| 2016 | $0.52 | $0.52 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Catalyst/Millburn Hedge Strategy Fund. 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/Millburn Hedge Strategy Fund was 31.75%, occurring on Mar 23, 2020. Recovery took 221 trading sessions.
The current Catalyst/Millburn Hedge Strategy Fund drawdown is 0.76%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -31.75% | Feb 21, 2020 | 22 | Mar 23, 2020 | 221 | Feb 5, 2021 | 243 |
| -12.86% | Jan 24, 2018 | 13 | Feb 9, 2018 | 161 | Oct 1, 2018 | 174 |
| -11.76% | Nov 4, 2022 | 91 | Mar 17, 2023 | 133 | Sep 27, 2023 | 224 |
| -9.49% | May 6, 2019 | 72 | Aug 15, 2019 | 57 | Nov 5, 2019 | 129 |
| -8.52% | Oct 4, 2018 | 56 | Dec 24, 2018 | 52 | Mar 12, 2019 | 108 |
Volatility
Volatility Chart
The current Catalyst/Millburn Hedge Strategy Fund volatility is 2.88%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.