Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX)

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Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) is up 14.9% since the beginning of the year. MBXIX is currently trading at $47 per share. Investors who bought $1,000 worth of MBXIX shares 5 years ago would now be looking at an investment worth $1,464.

Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) has returned 14.91% so far this year and 19.54% over the past 12 months. Over the last ten years, MBXIX has returned 8.80% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Dec 28, 2015, MBXIX's average daily return is +0.04%, while the average monthly return is +0.79%. At this rate, an investment would double in approximately 7.3 years.

Historically, 66% of months were positive and 34% were negative. The best month was Nov 2020 with a return of +8.8%, while the worst month was Mar 2020 at -16.4%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.

On a daily basis, MBXIX closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +4.6%, while the worst single day was Mar 9, 2020 at -9.9%.

Catalyst/Millburn Hedge Strategy Fund Class I has an annualized alpha of 2.73%, beta of 0.50, and R2 of 0.46 versus S&P 500 Index. Calculated based on daily prices since December 28, 2015.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (44.08%) than losses (35.78%) - typical of diversified or defensive assets.
• Beta of 0.50 may look defensive, but with R2 of 0.46 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 0.46 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

MBXIX has a high expense ratio of 2.04%, indicating above-average management fees.

MBXIX ranks 92 for risk / return — in the top 92% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Catalyst/Millburn Hedge Strategy Fund Class I provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.

The table displays the monthly dividend distributions for Catalyst/Millburn Hedge Strategy Fund Class I. 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 Catalyst/Millburn Hedge Strategy Fund 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/Millburn Hedge Strategy Fund Class I was 31.73%, occurring on Mar 23, 2020. Recovery took 221 trading sessions.

The chart below shows the rolling one-month volatility.