Mutual Fund Performance: July 2022

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.

NameTickerMonth to DateYear to DateAssets Under Management
Hedged Equity
Catalyst Buffered Shield Fund ISHIIX3.52%-13.27%$68,711,268
Rational Equity Armor Fund InstlHDCTX2.07%-9.28%$68,453,894
EAVOL NASDAQ-100 Volatil Overlay Risk ACLPAX5.21%-20.72%$15,038,031
Equities + Managed Futures
Catalyst/Millburn Hedge Strategy IMBXIX-1.18%1.71%$4,147,504,813
Standpoint Multi-Asset InstitutionalBLNDX0.15%5.70%$438,623,439
Active Fixed Income
Catalyst/Stone Beach Income Opp IIOXIX1.74%-0.55%$17,837,339
Catalyst Multi-Strategy IACXIX6.12%2.65%$5,445,394
All Weather / Multi-Strat
Rational/ReSolve Adaptive Asset Allc IRDMIX-0.32%8.28%$177,611,299
Astor Macro Alternative IGBLMX1.43%-4.33%$33,666,439
Catalyst/Millburn Dynamic Cmdty Stgy IDCXIX5.37%31.97%$21,995,827
Catalyst/Warrington Strategic Program ACWXAX-0.46%4.20%$127,636,515
AlphaCentric Premium Opportunity AHMXAX3.73%-7.83%$143,933,066
Rational Tactical Return InstlHRSTX0.06%-0.70%$275,149,379
SilverPepper Cmdty Strats Glb Macro InstSPCIX1.38%14.68%$210,488,286
Direxion Auspice Broad Commodity StrategyCOM (ETF)-2.73%8.71%$332,339,506
SDCI USCF SummerHaven Dynamic CommoditySDCI (ETF)-0.60%26.66%$9,430,667
Managed Futures
AXS Chesapeake Strategy IEQCHX-2.90%17.20%$56,914,175

The performance data displayed herein is compiled from various sources, including BarclayHedge, and reports directly from the advisors. These performance figures should not be relied on independent of the individual advisor's disclosure document, which has important information regarding the method of calculation used, whether or not the performance includes proprietary results, and other important footnotes on the advisor's track record.

Benchmark index performance is for the constituents of that index only, and does not represent the entire universe of possible investments within that asset class. And further, that there can be limitations and biases to indices such as survivorship, self reporting, and instant history.

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