Mutual Fund Performance: November 2022

December 20, 2022 rcm-alternatives 0 comment Like

Chart of the Week, Managed Futures

November came with a bang. The election, a Twitter takeover, Putin doubling down in Ukraine, and China’s covid problems created plenty of volatility. Equities and bond prices continued their correlation as the market priced in some sort of easing from the Fed, and the USD followed suit. Commodities were a mixed bag, with metals finally posting a decent month and energy down. Volatility declined most of the month, providing a difficult time for long-vol traders. The best opportunities suited the perma- bulls in equities, fixed income, and opportunistic commodity traders.

Name	Ticker	Month to Date	Year to Date	Assets Under Management
Hedged Equity
Catalyst Buffered Shield Fund I	SHIIX	3.76%	-15.93%	$44,394,011
Rational Equity Armor Fund Instl	HDCTX	0.57%	-6.43%	$70,499,602
EAVOL NASDAQ-100 Volatil Overlay Risk A	CLPAX	3.11%	-24.49%	$13,355,235
Equities + Managed Futures
Catalyst/Millburn Hedge Strategy I	MBXIX	-5.43%	5.94%	$5,501,545,223
Standpoint Multi-Asset Institutional	BLNDX	-0.44%	5.62%	$547,074,963
Active Fixed Income
Catalyst Multi-Strategy I	ACXIX	2.11%	-2.02%	$5,625,845
All Weather / Multi-Strat
Rational/ReSolve Adaptive Asset Allc I	RDMIX	-3.00%	-1.67%	$180,679,733
Astor Macro Alternative I	GBLMX	-3.05%	-5.18%	$29,159,244
Catalyst/Millburn Dynamic Cmdty Stgy I	DCXIX	4.12%	23.10%	$19,635,374
Options
Catalyst/Warrington Strategic Program A	CWXAX	-0.23%	5.04%	$155,251,965
AlphaCentric Premium Opportunity A	HMXAX	2.50%	-8.25%	$114,422,556
Rational Tactical Return Instl	HRSTX	0.12%	-0.64%	$229,461,527
Commodities
SilverPepper Cmdty Strats Glb Macro Inst	SPCIX	4.38%	9.03%	$190,057,107
Direxion Auspice Broad Commodity Strategy	COM (ETF)	0.34%	7.95%	$280,736,717
SDCI USCF SummerHaven Dynamic Commodity	SDCI (ETF)	4.15%	29.48%	$10,337,818
Managed Futures
AXS Chesapeake Strategy I	EQCHX	-6.25%	18.17%	$58,303,144

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.

The programs listed here are a sub-set of the full list of programs able to be accessed by subscribing to the database and reflect programs we currently work with and/or are more familiar with.

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. Individuals cannot invest in the index itself, and actual rates of return may be significantly different and more volatile than those of the index.

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.

RCM receives a portion of the commodity brokerage commissions you pay in connection with your futures trading and/or a portion of the interest income (if any) earned on an account's assets. The listed manager may also pay RCM a portion of the fees they receive from accounts introduced to them by RCM.

Limitations on RCM Quintile + Star Rankings

The Quintile Rankings and RCM Star Rankings shown here are provided for informational purposes only. RCM does not guarantee the accuracy, timeliness or completeness of this information. The ranking methodology is proprietary and the results have not been audited or verified by an independent third party. Some CTAs may employ trading programs or strategies that are riskier than others. CTAs may manage customer accounts differently than their model results shown or make different trades in actual customer accounts versus their own accounts. Different CTAs are subject to different market conditions and risks that can significantly impact actual results. RCM and its affiliates receive compensation from some of the rated CTAs. Investors should perform their own due diligence before investing with any CTA. This ranking information should not be the sole basis for any investment decision.

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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.