May felt like a maelstrom in the moment but produced forgetful market activity. Equities continued their fall from grace, yet volatility remained muted which created a difficult environment for some VOL strategies. US bonds spent most of the month in a relief rally only to produce flat returns. Commodities were a mixed bag with grains retracing from highs and energies continuing their bull market. Overall, it seemed like the prevailing trends took a break – a predictable but still painful part of the process for trend followers. At first glance, the funds below show muted performance – all but four within ±2%. However, we encourage you to take a deeper dive to learn which funds use robust diversification to protect against risks hidden behind monthly numbers.
| Name | Ticker | Month to Date | Year to Date | Assets Under Management |
|---|---|---|---|---|
| Hedged Equity | ||||
| Catalyst Buffered Shield Fund I | SHIIX | -0.56% | -12.68% | $84,213,429 |
| Rational Equity Armor Fund Instl | HDCTX | -2.22% | -6.93% | $71,485,548 |
| EAVOL NASDAQ-100 Volatil Overlay Risk A | CLPAX | -4.23% | -20.09% | $15,274,222 |
| Certeza Convex Core A | CNVEX | -2.13% | -23.69% | $5,195,319 |
| Equities + Managed Futures | ||||
| Catalyst/Millburn Hedge Strategy I | MBXIX | 0.42% | 5.64% | $3,912,469,643 |
| Standpoint Multi-Asset Institutional | BLNDX | 1.08% | 8.24% | $390,077,435 |
| Active Fixed Income | ||||
| Catalyst/Stone Beach Income Opp I | IOXIX | -0.67% | -1.34% | $18,734,194 |
| Catalyst Multi-Strategy I | ACXIX | -3.24% | -0.07% | $5,422,382 |
| All Weather / Multi-Strat | ||||
| Rational/ReSolve Adaptive Asset Allc I | RDMIX | 0.36% | 12.02% | $150,783,444 |
| Astor Macro Alternative I | GBLMX | 1.14% | -3.61% | $41,799,094 |
| Catalyst/Teza Algorithmic Alloc I | TEZIX | -0.78% | -18.16% | $4,031,502 |
| Catalyst/Millburn Dynamic Cmdty Stgy I | DCXIX | 1.89% | 41.52% | $24,775,931 |
| Options | ||||
| Catalyst/Warrington Strategic Program A | CWXAX | 0.35% | 3.24% | $105,448,488 |
| AlphaCentric Premium Opportunity A | HMXAX | 0.21% | -7.32% | $157,694,477 |
| Rational Tactical Return Instl | HRSTX | -0.18% | -0.47% | $291,933,981 |
| Commodities | ||||
| SilverPepper Cmdty Strats Glb Macro Inst | SPCIX | 0.86% | 26.35% | $231,483,649 |
| Direxion Auspice Broad Commodity Strategy | COM (ETF) | 0.13% | 17.31% | $439,027,476 |
| SDCI USCF SummerHaven Dynamic Commodity | SDCI (ETF) | 0.95% | 38.60% | $10,265,525 |
| Managed Futures | ||||
| AXS Chesapeake Strategy I | EQCHX | -0.32% | 20.80% | $39,109,062 |