July provided a relief rally for the still-correlated stocks and bonds much to the chagrin of doomsday prophets. Volatility fell most every day of the month providing a good test for long volatility strategies. Commodity markets were mixed in performance and choppy, lacking a coherent theme (Natural Gas the notable exception). This proves difficult for strategies that need a trend or momentum. The best-performing mutual funds below had some long exposure to stocks/bonds or were able to catch a technical move in commodities. Even the losers this month were mild and all of them are still positive YTD.
| Name | Ticker | Month to Date | Year to Date | Assets Under Management |
|---|---|---|---|---|
| Hedged Equity | ||||
| Catalyst Buffered Shield Fund I | SHIIX | 3.52% | -13.27% | $68,711,268 |
| Rational Equity Armor Fund Instl | HDCTX | 2.07% | -9.28% | $68,453,894 |
| EAVOL NASDAQ-100 Volatil Overlay Risk A | CLPAX | 5.21% | -20.72% | $15,038,031 |
| Equities + Managed Futures | ||||
| Catalyst/Millburn Hedge Strategy I | MBXIX | -1.18% | 1.71% | $4,147,504,813 |
| Standpoint Multi-Asset Institutional | BLNDX | 0.15% | 5.70% | $438,623,439 |
| Active Fixed Income | ||||
| Catalyst/Stone Beach Income Opp I | IOXIX | 1.74% | -0.55% | $17,837,339 |
| Catalyst Multi-Strategy I | ACXIX | 6.12% | 2.65% | $5,445,394 |
| All Weather / Multi-Strat | ||||
| Rational/ReSolve Adaptive Asset Allc I | RDMIX | -0.32% | 8.28% | $177,611,299 |
| Astor Macro Alternative I | GBLMX | 1.43% | -4.33% | $33,666,439 |
| Catalyst/Millburn Dynamic Cmdty Stgy I | DCXIX | 5.37% | 31.97% | $21,995,827 |
| Options | ||||
| Catalyst/Warrington Strategic Program A | CWXAX | -0.46% | 4.20% | $127,636,515 |
| AlphaCentric Premium Opportunity A | HMXAX | 3.73% | -7.83% | $143,933,066 |
| Rational Tactical Return Instl | HRSTX | 0.06% | -0.70% | $275,149,379 |
| Commodities | ||||
| SilverPepper Cmdty Strats Glb Macro Inst | SPCIX | 1.38% | 14.68% | $210,488,286 |
| Direxion Auspice Broad Commodity Strategy | COM (ETF) | -2.73% | 8.71% | $332,339,506 |
| SDCI USCF SummerHaven Dynamic Commodity | SDCI (ETF) | -0.60% | 26.66% | $9,430,667 |
| Managed Futures | ||||
| AXS Chesapeake Strategy I | EQCHX | -2.90% | 17.20% | $56,914,175 |