Mutual Fund Performance: December 2022

The weather outside was frightful for some of the US markets in December. As risks of recession loomed, equities and bond prices fell in tandem (again). Volatility increased modestly providing a meager meal long volatility strategies. A milder European winter (so far) helped energy prices mostly decline through the month, especially natural gas. The USD continued its decline while other currencies inversely followed suit for the most part. All that said, there were some trends but also a lot of choppy, low-volume trading, which is to be expected in December. As the year came to a close, YTD numbers became more interesting. Which “hedged” strategies proved their worth? And which strategies are still primarily stocks and bonds in a different wrapper. We’re glad to see some support from true diversifiers like Trend and Commodities.

NameTickerMonth to DateYear to DateAssets Under Management
Hedged Equity
Catalyst Buffered Shield Fund ISHIIX-2.63%-18.14%$40,990,651
Rational Equity Armor Fund InstlHDCTX-4.55%-10.68%$67,204,569
EAVOL NASDAQ-100 Volatil Overlay Risk ACLPAX-8.02%-30.54%$11,902,738
Equities + Managed Futures
Catalyst/Millburn Hedge Strategy IMBXIX1.68%7.72%$5,556,281,752
Standpoint Multi-Asset InstitutionalBLNDX-1.81%3.71%$532,760,890
Active Fixed Income
Catalyst Multi-Strategy IACXIX-2.69%-4.66%$5,683,894
All Weather / Multi-Strat
Rational/ReSolve Adaptive Asset Allc IRDMIX-1.41%-3.06%$169,545,318
Astor Macro Alternative IGBLMX3.52%-1.84%$30,019,192
Catalyst/Millburn Dynamic Cmdty Stgy IDCXIX-3.65%18.61%$16,601,073
Catalyst/Warrington Strategic Program ACWXAX0.96%6.06%$155,996,767
AlphaCentric Premium Opportunity AHMXAX-2.82%-10.83%$105,847,772
Rational Tactical Return InstlHRSTX0.35%-0.30%$216,742,706
SilverPepper Cmdty Strats Glb Macro InstSPCIX-5.41%3.13%$156,940,151
Direxion Auspice Broad Commodity StrategyCOM (ETF)1.13%9.18%$269,358,278
SDCI USCF SummerHaven Dynamic CommoditySDCI (ETF)2.39%32.58%$8,972,073
Managed Futures
AXS Chesapeake Strategy IEQCHX1.65%20.13%$58,693,778

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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