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Catalyst/Millburn Hedge Strategy Fund (MBXAX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US62827P8326

CUSIP

62827P832

Inception Date

Dec 27, 2015

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.


Expense ratio chart for MBXAX: current value at 2.18% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%2.18%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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.


-5.00%0.00%5.00%10.00%AugustSeptemberOctoberNovemberDecember2025
3.07%
7.94%
MBXAX (Catalyst/Millburn Hedge Strategy Fund)
Benchmark (^GSPC)

Returns By Period

Catalyst/Millburn Hedge Strategy Fund had a return of 3.94% year-to-date (YTD) and 13.85% in the last 12 months.


MBXAX

YTD

3.94%

1M

3.70%

6M

3.86%

1Y

13.85%

5Y*

6.39%

10Y*

N/A

^GSPC (Benchmark)

YTD

1.96%

1M

2.12%

6M

8.93%

1Y

25.43%

5Y*

12.52%

10Y*

11.51%

*Annualized

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20242.47%5.91%1.27%3.39%-0.35%0.76%-0.70%-3.39%-1.13%2.47%3.47%-2.08%12.33%
20230.06%0.75%-5.25%-0.47%-1.38%4.61%1.28%0.73%4.99%-2.26%-0.90%-3.02%-1.32%
2022-4.56%1.89%7.11%0.88%0.42%-2.61%-1.19%1.81%2.58%5.40%-5.47%-1.95%3.61%
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%
20193.38%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%-4.77%-3.92%
20170.80%4.22%0.76%1.84%-0.61%-3.06%1.34%3.61%0.10%3.41%0.37%-2.89%10.03%
20160.77%2.80%4.40%-1.75%1.63%6.34%3.54%-1.19%1.10%-4.24%1.38%1.53%17.08%
2015-0.72%-0.72%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of MBXAX is 69, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of MBXAX is 6969
Overall Rank
The Sharpe Ratio Rank of MBXAX is 6868
Sharpe Ratio Rank
The Sortino Ratio Rank of MBXAX is 6969
Sortino Ratio Rank
The Omega Ratio Rank of MBXAX is 6969
Omega Ratio Rank
The Calmar Ratio Rank of MBXAX is 8181
Calmar Ratio Rank
The Martin Ratio Rank of MBXAX is 5656
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for MBXAX, currently valued at 1.40, compared to the broader market-1.000.001.002.003.004.001.402.06
The chart of Sortino ratio for MBXAX, currently valued at 1.95, compared to the broader market0.005.0010.001.952.74
The chart of Omega ratio for MBXAX, currently valued at 1.26, compared to the broader market1.002.003.004.001.261.38
The chart of Calmar ratio for MBXAX, currently valued at 1.79, compared to the broader market0.005.0010.0015.0020.001.793.13
The chart of Martin ratio for MBXAX, currently valued at 4.64, compared to the broader market0.0020.0040.0060.0080.004.6412.84
MBXAX
^GSPC

The current Catalyst/Millburn Hedge Strategy Fund Sharpe ratio is 1.40. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Catalyst/Millburn Hedge Strategy Fund with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.003.50AugustSeptemberOctoberNovemberDecember2025
1.40
2.06
MBXAX (Catalyst/Millburn Hedge Strategy Fund)
Benchmark (^GSPC)

Dividends

Dividend History

Catalyst/Millburn Hedge Strategy Fund provided a 1.61% dividend yield over the last twelve months, with an annual payout of $0.64 per share.


0.00%1.00%2.00%3.00%4.00%5.00%$0.00$0.50$1.00$1.50201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM202420232022202120202019201820172016
Dividend$0.64$0.64$0.56$1.42$0.00$1.21$1.61$0.45$0.00$0.35

Dividend yield

1.61%1.67%1.60%3.97%0.00%3.92%4.96%1.50%0.00%1.22%

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.00
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.64$0.64
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.56$0.56
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.42$1.42
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$1.61$1.61
2018$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.45$0.45
2017$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
2016$0.35$0.35

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.


-8.00%-6.00%-4.00%-2.00%0.00%AugustSeptemberOctoberNovemberDecember2025
-0.47%
-1.54%
MBXAX (Catalyst/Millburn Hedge Strategy Fund)
Benchmark (^GSPC)

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 0.47%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-31.75%Feb 21, 202022Mar 23, 2020221Feb 5, 2021243
-14.92%Nov 4, 202291Mar 17, 2023251Mar 18, 2024342
-14.8%Dec 12, 201741Feb 9, 2018308May 3, 2019349
-9.49%May 6, 201972Aug 15, 201957Nov 5, 2019129
-8.47%May 17, 202222Jun 16, 202276Oct 5, 202298

Volatility

Volatility Chart

The current Catalyst/Millburn Hedge Strategy Fund volatility is 2.62%, 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.


1.00%2.00%3.00%4.00%5.00%6.00%AugustSeptemberOctoberNovemberDecember2025
2.62%
5.07%
MBXAX (Catalyst/Millburn Hedge Strategy Fund)
Benchmark (^GSPC)