Stocks took a hiatus from the ever-long bull run characterizing 2021 so far. The ever-grander narrative from China spooked US stock prices into their worst month since March 2020 (-4.66%). See our asset class scorecard to see the macro performance picture.
The mutual funds listed below mostly struggled during this month’s heightened volatility. This provided a brief pause in what otherwise has been solid year-to-date performance. However, there were some bright spots, especially if the strategy included commodity exposure, which is growing to be the darling alternative this year amidst the threat of inflation. (Is it really transitory?) Special shout out to the short-vol options strategy from Warrington, which bucked expectations and posted a commendable gain despite rising vol (+2.52%).
|Name||Ticker||September Return||Year to Date||Assets Under Management||Morningstar Link|
|Catalyst Multi-Strategy I||ACXIX||-1.04%||3.32%||$4,306,625||https://www.morningstar.com/funds/xnas/acxix/quote|
|Alpha Fiduciary Quantitative Strat||AFQSX||-7.33%||24.41%||$16,775,538||https://www.morningstar.com/funds/xnas/afqsx/quote|
|Standpoint Multi-Asset Institutional||BLNDX||-0.22%||17.06%||$94,371,816||https://www.morningstar.com/funds/xnas/blndx/quote|
|Certeza Convex Core A||CNVEX||-3.16%||16.40%||$3,963,235||https://www.morningstar.com/funds/xnas/cnvex/quote|
|Catalyst/Warrington Strategic Program A||CWXAX||2.52%||5.45%||$98,725,841||https://www.morningstar.com/funds/xnas/cwxax/quote|
|Catalyst/Millburn Dynamic Cmdty Stgy I||DCXIX||3.22%||-2.64%||$10,395,732||https://www.morningstar.com/funds/xnas/dcxix/quote|
|Astor Macro Alternative I||GBLMX||-2.02%||-0.33%||$44,049,240||https://www.morningstar.com/funds/xnas/gblmx/quote|
|Rational Strategic Allocation A||HBAFX||-4.37%||19.21%||$8,760,020||https://www.morningstar.com/funds/xnas/hbafx/quote|
|Catalyst/Stone Beach Income Opp I||IOXIX||-0.30%||-3.53%||$24,870,096||https://www.morningstar.com/funds/xnas/ioxix/quote|
|Catalyst/Millburn Hedge Strategy I||MBXIX||-4.26%||10.24%||$2,945,537,108||https://www.morningstar.com/funds/xnas/mbxix/quote|
|Rational/ReSolve Adaptive Asset Allc I||RDMIX||-1.79%||8.50%||$64,416,297||https://www.morningstar.com/funds/xnas/rdmix/quote|
|Catalyst/Teza Algorithmic Alloc I||TEZIX||-5.87%||-7.91%||$5,978,304||https://www.morningstar.com/funds/xnas/tezix/quote|