Catalyst/Millburn Hedge Strategy A
- MBXAX
- Price as of: Jan 20, 2021
-
$31.62
N/A N/A
- Primary Theme
- Diversified Alternatives
- Fund Company
- Catalyst Mutual Funds
- Share Class
MBXAX - Snapshot
Vitals
- YTD Return 3.1%
- 3 Yr Annualized Return 3.2%
- 5 Yr Annualized Return 8.0%
- Net Assets $2.63 B
- Holdings in Top 10 62.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 2.19%
SALES FEES
- Front Load 5.75%
- Deferred Load N/A
BROKERAGE FEES
- Turnover 54.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $2,500
- IRA $2,500
Fund Classification
-
Primary Theme
Diversified Alternatives
- Fund Type Open End Mutual Fund
- Investment Style Multialternative
MBXAX - Profile
Distributions
- YTD Total Return 3.1%
- 3 Yr Annualized Total Return 1.2%
- 5 Yr Annualized Total Return 6.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.47%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameCatalyst/Millburn Hedge Strategy Fund
-
Fund Family NameCatalyst Mutual Funds
-
Inception DateDec 28, 2015
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerBarry Goodman
Fund Description
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.
MBXAX - Performance
Return Ranking - Trailing
Period | MBXAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.1% | -5.3% | 6.9% | 8.11% |
1 Yr | -0.8% | -22.2% | 29.0% | 72.41% |
3 Yr | 3.2%* | -14.6% | 12.7% | 41.38% |
5 Yr | 8.0%* | -7.1% | 11.6% | 3.88% |
10 Yr | N/A* | -0.6% | 6.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | MBXAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | -4.6% | -22.7% | 305.1% | 80.84% |
2019 | 8.1% | -9.8% | 27.3% | 26.04% |
2018 | -5.3% | -20.8% | 10.9% | 47.52% |
2017 | 10.0% | -12.4% | 29.4% | 8.02% |
2016 | 15.7% | -10.5% | 15.8% | 1.00% |
Total Return Ranking - Trailing
Period | MBXAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.1% | -5.3% | 6.9% | 8.45% |
1 Yr | -6.5% | -22.2% | 29.0% | 82.76% |
3 Yr | 1.2%* | -14.6% | 12.7% | 62.07% |
5 Yr | 6.8%* | -7.1% | 11.6% | 6.90% |
10 Yr | N/A* | -0.6% | 6.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | MBXAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | -4.6% | -22.7% | 305.1% | 80.84% |
2019 | 8.1% | -9.8% | 27.3% | 26.04% |
2018 | -5.3% | -20.8% | 10.9% | 55.79% |
2017 | 13.7% | -8.4% | 29.4% | 3.77% |
2016 | 17.8% | -10.2% | 18.0% | 1.00% |
NAV & Total Return History
MBXAX - Holdings
Concentration Analysis
MBXAX | Category Low | Category High | MBXAX % Rank | |
---|---|---|---|---|
Net Assets | 2.63 B | 1.4 M | 5.29 B | 6.64% |
Number of Holdings | 162 | 4 | 4377 | 61.02% |
Net Assets in Top 10 | 1.76 B | -91.4 M | 2.69 B | 2.71% |
Weighting of Top 10 | 62.55% | 12.6% | 100.0% | 35.22% |
Top 10 Holdings
- United States Treasury Notes 1.5% 14.80%
- iShares Core S&P Mid-Cap ETF 8.27%
- United States Treasury Notes 1.75% 7.81%
- United States Treasury Notes 2.62% 7.23%
- iShares Russell 1000 ETF 7.01%
- United States Treasury Notes 2.25% 6.75%
- iShares Russell 2000 ETF 5.97%
- United States Treasury Notes 2.75% 5.66%
- Cmhsf Fund Ltd 5.13%
- Cmhsf Fund Ltd 5.13%
Asset Allocation
Weighting | Return Low | Return High | MBXAX % Rank | |
---|---|---|---|---|
Stocks | 47.25% | -24.27% | 93.70% | 16.61% |
Cash | 27.97% | -9406.09% | 494.28% | 43.05% |
Bonds | 19.63% | -419.77% | 9482.07% | 59.66% |
Other | 5.14% | -3.65% | 131.41% | 38.64% |
Preferred Stocks | 0.00% | -0.12% | 45.43% | 49.83% |
Convertible Bonds | 0.00% | 0.00% | 87.02% | 65.42% |
Stock Sector Breakdown
Weighting | Return Low | Return High | MBXAX % Rank | |
---|---|---|---|---|
Technology | 16.03% | 0.00% | 100.00% | 64.23% |
Real Estate | 13.34% | 0.00% | 78.90% | 12.04% |
Financial Services | 13.17% | 0.00% | 56.07% | 47.45% |
Industrials | 12.41% | 0.00% | 20.60% | 22.26% |
Healthcare | 12.36% | 0.00% | 51.14% | 43.43% |
Consumer Cyclical | 11.70% | 0.00% | 29.68% | 43.43% |
Communication Services | 5.38% | 0.00% | 23.22% | 82.12% |
Consumer Defense | 5.34% | 0.00% | 22.32% | 55.11% |
Basic Materials | 4.46% | 0.00% | 25.11% | 42.34% |
Utilities | 3.30% | 0.00% | 37.26% | 42.70% |
Energy | 2.52% | 0.00% | 100.00% | 45.99% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MBXAX % Rank | |
---|---|---|---|---|
US | 39.39% | -15.91% | 91.88% | 15.25% |
Non US | 7.86% | -23.77% | 36.98% | 46.44% |
Bond Sector Breakdown
Weighting | Return Low | Return High | MBXAX % Rank | |
---|---|---|---|---|
Derivative | 91.28% | 0.00% | 91.28% | 0.34% |
Cash & Equivalents | 5.10% | 0.27% | 100.00% | 91.53% |
Government | 3.62% | 0.00% | 81.58% | 67.46% |
Securitized | 0.00% | 0.00% | 89.57% | 63.73% |
Corporate | 0.00% | 0.00% | 93.88% | 77.63% |
Municipal | 0.00% | 0.00% | 26.35% | 33.22% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MBXAX % Rank | |
---|---|---|---|---|
US | 19.63% | -121.02% | 3035.20% | 49.83% |
Non US | 0.00% | -528.06% | 6446.87% | 72.20% |
MBXAX - Expenses
Operational Fees
MBXAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.19% | 0.29% | 31.15% | 42.91% |
Management Fee | 1.75% | 0.00% | 2.50% | 89.26% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 23.57% |
Administrative Fee | N/A | 0.01% | 0.30% | N/A |
Sales Fees
MBXAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | 2.50% | 5.75% | 5.36% |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
MBXAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
MBXAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 54.00% | 0.00% | 491.00% | 24.52% |
MBXAX - Distributions
Dividend Yield Analysis
MBXAX | Category Low | Category High | MBXAX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 2.13% | 12.42% |
Dividend Distribution Analysis
MBXAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Annually | Annually |
Net Income Ratio Analysis
MBXAX | Category Low | Category High | MBXAX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.47% | -1.93% | 6.83% | 89.97% |
Capital Gain Distribution Analysis
MBXAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Monthly | Annually |
MBXAX - Fund Manager Analysis
Managers
Barry Goodman
Start Date
Tenure
Tenure Rank
Dec 28, 2015
5.01
5.0%
Mr. Goodman is Co-Chief Executive Officer and Executive Director of Trading of Millburn, and is a member of Millburn’s Investment Committee. Mr. Goodman joined Millburn in 1982 as Assistant Director of Trading. He played an important role in the development of several key investment directions at the firm, including projects taken from inception through to execution and ongoing support. Today, Mr. Goodman’s role is focused on strategic initiatives and the enhancement of capabilities across all critical operating areas of the firm. From 1979 through late 1982, prior to joining Millburn, Mr. Goodman was with E. F. Hutton & Co., Inc. At Hutton, the majority of his time was spent in trading, where he designed and maintained various technical indicators and coordinated research projects pertaining to the futures markets. Mr. Goodman graduated magna cum laude from Harpur College of the State University of New York in 1979 with a B.A. in economics. He has been a featured speaker at industry events in the United States, Europe and Asia.
Harvey Beker
Start Date
Tenure
Tenure Rank
Dec 28, 2015
5.01
5.0%
Mr. Beker is Chairman of Millburn and Chairman of Millburn’s Investment Committee. Mr. Beker has been employed by Millburn since June 1978. During his tenure at Millburn, he has been instrumental in the development of the research, trading and operations areas. Mr. Beker became a principal of the firm in 1982. From June 1975 to July 1977, Mr. Beker was employed by Loeb Rhoades, Inc. where he developed and traded silver arbitrage strategies. From July 1977 to June 1978, he was a futures trader at Clayton Brokerage Co. of St. Louis. Mr. Beker received a B.A. in economics from New York University in 1974 and an M.B.A. in finance from NYU in 1975.
Grant Smith
Start Date
Tenure
Tenure Rank
Dec 28, 2015
5.01
5.0%
Mr. Smith is Co-Chief Executive Officer and Chief Investment Officer of Millburn, and is a member of Millburn’s Investment Committee. Mr. Smith joined Millburn in 1975. His responsibilities include the design, testing and implementation of quantitative trading strategies, as well as for planning and overseeing the computerized decision-support systems of the firm. Mr. Smith received a B.S. from the Massachusetts Institute of Technology in 1974 and an M.S. from M.I.T. in 1975. While at M.I.T. he held several teaching and research positions in the computer science field and participated in various projects relating to database management.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 17.12 | 4.3 | 3.51 |