Mutual Fund Performance: March

April 18, 2023 rcm-alternatives 0 comment Like

Market Commentary

The Ides of March came this year with some volatility. All eyes were on the banking crisis as the Fed effectively bailed out two notable US banks, and Credit Suisse was forced to merge with UBS. Bond volatility spiked considerably, hurting some strategies and providing an opportunity for others. Anyone still short bond prices took it on the chin while equities markets ended the month positive. Alternative funds were a mixed bag, with commodities diverging. (Anyone notice that Sugar is up over 40% in the past six months?) All that said, March was a good litmus test to see how diversified your alternative allocation is. Are you participating in smaller markets or mostly the big four asset classes?

Name	Ticker	Month to Date	Year to Date	Assets Under Management
Hedged Equity
Catalyst Buffered Shield Fund I	SHIIX	2.41%	3.20%	$41,414,681
Rational Equity Armor Fund Instl	HDCTX	1.12%	-2.37%	$55,902,818
EAVOL NASDAQ-100 Volatil Overlay Risk A	CLPAX	8.39%	15.30%	$12,134,519
Equities + Managed Futures
Catalyst/Millburn Hedge Strategy I	MBXIX	-5.25%	-4.43%	$5,818,488,780
Standpoint Multi-Asset Institutional	BLNDX	-0.15%	1.68%	$577,458,882
Active Fixed Income
Catalyst Multi-Strategy I	ACXIX	-4.80%	-3.85%	$5,990,880
All Weather / Multi-Strat
Rational/ReSolve Adaptive Asset Allc I	RDMIX	-2.75%	-3.28%	$147,755,103
Astor Macro Alternative I	GBLMX	-0.85%	-3.04%	$25,667,156
Catalyst/Millburn Dynamic Cmdty Stgy I	DCXIX	2.38%	-1.00%	$14,939,716
Options
Catalyst/Warrington Strategic Program A	CWXAX	0.23%	0.46%	$148,890,375
AlphaCentric Premium Opportunity A	HMXAX	1.31%	3.76%	$89,206,054
Rational Tactical Return Instl	HRSTX	0.35%	0.76%	$193,212,868
Commodities
SilverPepper Cmdty Strats Glb Macro Inst	SPCIX	-0.63%	-7.12%	$149,176,527
Direxion Auspice Broad Commodity Strategy	COM (ETF)	4.00%	4.25%	$284,654,265
SDCI USCF SummerHaven Dynamic Commodity	SDCI (ETF)	0.14%	-5.11%	$8,624,829
Managed Futures
AXS Chesapeake Strategy I	EQCHX	-2.15%	-2.55%	$54,321,334

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.

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