Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX)

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The chart shows the growth of an initial investment of $10,000 in Catalyst/Millburn Hedge Strategy Fund Class I, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) has returned 8.00% so far this year and 14.74% over the past 12 months. Over the last ten years, MBXIX has returned 8.26% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% 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 +0.76%. At this rate, your investment would double in approximately 7.6 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 7 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 2.92%, beta of 0.51, and R² of 0.47 versus S&P 500 Index. Calculated based on daily prices since December 29, 2015.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (45.95%) than losses (38.06%) — typical of diversified or defensive assets.
• Beta of 0.51 may look defensive, but with R² of 0.47 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 0.47 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 67 for risk / return — better than 67% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) and compare them to a chosen benchmark (S&P 500 Index).

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 current Catalyst/Millburn Hedge Strategy Fund Class I drawdown is 1.64%.

The chart below shows the rolling one-month volatility.