MBXAX: Catalyst/Millburn Hedge Strategy Fund - MutualFunds.com
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Catalyst/Millburn Hedge Strategy A

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

$31.62
$22.76
$33.35

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


Compare MBXAX to Popular Diversified Alternatives Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$10.34

+0.29%

$5.29 B

3.11%

$0.32

0.98%

-

$10.09

+0.60%

$3.47 B

0.10%

$0.01

1.71%

-

$10.16

+0.10%

$3.26 B

1.30%

$0.13

0.59%

-

$16.80

+0.60%

$3.20 B

1.38%

$0.23

1.39%

-

$31.82

+0.63%

$2.63 B

3.82%

$1.21

3.11%

-

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%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Catalyst/Millburn Hedge Strategy Fund
  • Fund Family Name
    Catalyst Mutual Funds
  • Inception Date
    Dec 28, 2015
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Barry 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

  1. United States Treasury Notes 1.5% 14.80%
  2. iShares Core S&P Mid-Cap ETF 8.27%
  3. United States Treasury Notes 1.75% 7.81%
  4. United States Treasury Notes 2.62% 7.23%
  5. iShares Russell 1000 ETF 7.01%
  6. United States Treasury Notes 2.25% 6.75%
  7. iShares Russell 2000 ETF 5.97%
  8. United States Treasury Notes 2.75% 5.66%
  9. Cmhsf Fund Ltd 5.13%
  10. 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

Dividend Payout History

View More +

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