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.

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.

See the full terms of use and risk disclaimer here.