Mutual Fund Performance: August 2022

September 13, 2022 rcm-alternatives 0 comment Like

Chart of the Week, Managed Futures

At first, August looked like it would continue this bear market rally, but the trend kicked back in. Led by bonds dropping, the world started pricing in a stronger fed stance. Stocks turned over, and the dollar strengthened. Stock volatility (i.e., VIX) rose but in a more orderly way, making it challenging for some long volatility players. Hedged equities strategies demonstrated their value by easing the pain of equities by a fraction. Commodity markets mainly remained choppy (currencies and natural gas were the exceptions). So managed futures strategies with a long-term look at bonds, FX, and equities likely fared the best. The mixed results shown in the mutual funds make for a lackluster month. Year-to-date numbers tell a better story.

Name	Ticker	Month to Date	Year to Date	Assets Under Management
Hedged Equity
Catalyst Buffered Shield Fund I	SHIIX	-2.83%	-15.73%	$61,068,115
Rational Equity Armor Fund Instl	HDCTX	-2.20%	-11.27%	$67,606,271
EAVOL NASDAQ-100 Volatil Overlay Risk A	CLPAX	-3.27%	-23.31%	$14,165,916
Equities + Managed Futures
Catalyst/Millburn Hedge Strategy I	MBXIX	1.82%	3.56%	$4,392,561,531
Standpoint Multi-Asset Institutional	BLNDX	-0.87%	4.77%	$473,920,458
Active Fixed Income
Catalyst/Stone Beach Income Opp I	IOXIX	-4.23%	-4.76%	$15,749,160
Catalyst Multi-Strategy I	ACXIX	-2.10%	0.49%	$5,599,430
All Weather / Multi-Strat
Rational/ReSolve Adaptive Asset Allc I	RDMIX	-3.78%	4.14%	$187,656,959
Astor Macro Alternative I	GBLMX	-0.19%	-4.51%	$32,301,370
Catalyst/Millburn Dynamic Cmdty Stgy I	DCXIX	-2.07%	29.24%	$21,299,253
Options
Catalyst/Warrington Strategic Program A	CWXAX	0.46%	4.68%	$131,000,682
AlphaCentric Premium Opportunity A	HMXAX	-1.67%	-9.37%	$136,584,619
Rational Tactical Return Instl	HRSTX	0.06%	-0.64%	$274,511,833
Commodities
SilverPepper Cmdty Strats Glb Macro Inst	SPCIX	1.89%	16.85%	$216,193,762
Direxion Auspice Broad Commodity Strategy	COM (ETF)	0.00%	8.71%	$313,805,949
SDCI USCF SummerHaven Dynamic Commodity	SDCI (ETF)	1.42%	28.45%	$9,4528,142
Managed Futures
AXS Chesapeake Strategy I	EQCHX	2.74%	20.41%	$56,137,658

Disclaimer
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.

Managed futures accounts can subject to substantial charges for management and advisory fees. The numbers within this website include all such fees, but it may be necessary for those accounts that are subject to these charges to make substantial trading profits in the future to avoid depletion or exhaustion of their assets.

Investors interested in investing with a managed futures program (excepting those programs which are offered exclusively to qualified eligible persons as that term is defined by CFTC regulation 4.7) will be required to receive and sign off on a disclosure document in compliance with certain CFT rules The disclosure documents contains a complete description of the principal risk factors and each fee to be charged to your account by the CTA, as well as the composite performance of accounts under the CTA's management over at least the most recent five years. Investor interested in investing in any of the programs on this website are urged to carefully read these disclosure documents, including, but not limited to the performance information, before investing in any such programs.

Those investors who are qualified eligible persons as that term is defined by CFTC regulation 4.7 and interested in investing in a program exempt from having to provide a disclosure document and considered by the regulations to be sophisticated enough to understand the risks and be able to interpret the accuracy and completeness of any performance information on their own.

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Disclaimers
RCM Ag Services is a registered DBA of Reliance Capital Markets II LLC. Trading futures, options on futures, and retail off-exchange foreign currency transactions are complex and involve substantial risk of loss and are not suitable for all investors. Loss-limiting strategies such as stop loss orders may not be effective because market conditions or technological issues may make it impossible to execute such orders. Likewise, strategies using combinations of options and/or futures positions such as “spread” or “straddle” trades may be just as risky as simple long and short positions. There are no guarantees of profit. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources. You may lose all or more than your initial investment. You should not rely on any of the information herein as a substitute for the exercise of your own skill and judgment in making such a decision on the appropriateness of such investments. Opinions, market data and recommendations are subject to change without notice. Reliance Capital Markets II LLC shall not be held responsible for any actions taken based on this website or attached links. Parties acting on this electronic communication are responsible for their own actions. Past performance is not necessarily indicative of future results.