How the Catalyst/Millburn Hedge Strategy Fund (MBXIX) Has Remained Strong During the Autumn Chill
If the weather (and markets) cool in the fall, the Catalyst/Millburn Hedge Strategy Fund (MBXIX) has the potential to stay warm.
Every year, the fall season brings a cooling effect across the United States, but the temperature may not be the only thing that gets brought down. In general, September and October have been historically weak and volatile months for the S&P 500 TR Index, which has the potential to drag the market down from summer highs. During these months, MBXIX has historically provided relatively stable returns when the S&P 500 TR lags, and has generally kept pace during positive periods.
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When Markets Struggle: MBXIX During the S&P 500’s Negative Fall Seasons
It’s no secret that a few months of negative performance can tempt investors to deviate from their long-term strategies, but MBXIX has the potential to help you and your clients stay invested through some of the market’s most difficult periods.
| Year | S&P 500 TR Sep–Dec Return | MBXIX Sep–Dec Return |
|---|---|---|
| 2000 | -12.69% | 9.14% |
| 2002 | -3.35% | 1.59% |
| 2008 | -28.90% | 2.54% |
| 2018 | -13.03% | -3.86% |
| 2022 | -2.35% | 4.02% |
Source: Bloomberg L.P. & Catalyst Capital Advisors LLC. During MBXIX’s negative fall seasons (2003, 2011, 2018, 2023), the Fund had an average return of -2.23%.
During these same years, the S&P 500 TR had an average return of 2.07%.
Data as of quarter end: 2025-09-30T00:00:00
| Share Class | 1 Month | 3 Months | 6 Months | YTD | 1 Year | 3 Years Annualized | 5 Years Annualized | 10 Years Annualized | Since Inception Annualized |
|---|---|---|---|---|---|---|---|---|---|
| Class I | 0.66% | 1.95% | 4.33% | 2.47% | 7.30% | 5.41% | 9.88% | 8.42% | 10.10% |
| Class A | 0.66% | 1.89% | 4.20% | 2.31% | 7.02% | 5.15% | 9.62% | N/A | 7.91% |
| Class C | 0.58% | 1.71% | 3.81% | 1.73% | 6.22% | 4.37% | 8.79% | N/A | 7.10% |
| Class C-1 | 0.59% | 1.69% | 3.81% | 1.72% | 6.23% | 4.36% | N/A | N/A | 9.87% |
| Class A w/Sales Load | -5.13% | -3.97% | -1.79% | -3.57% | 0.87% | 3.09% | 8.33% | N/A | 7.26% |
There is no assurance that the Fund will achieve its investment objective. You cannot invest directly in an index and unmanaged index returns do not reflect any fees, expenses or sales charges. Performance shown before December 28, 2015 is for the Fund’s Predecessor Fund (Millburn Hedge Fund, L.P.).
Investments in mutual funds involve risks. The Fund’s maximum sales charge for Class “A” shares is 5.75%. Investment return and principal value will fluctuate with changing market conditions so that, when redeemed, shares may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain the most recent month-end performance information or the Fund’s prospectus, please call the Fund toll free at
1-866-447-4228 or visit www.CatalystMF.com. Total operating expenses for the A, C, and I share classes are 2.28%, 3.03%, and 2.03%, respectively.
There is no assurance that the Fund will achieve its investment objective. You cannot invest directly in an index and unmanaged index returns do not reflect any fees, expenses or sales charges. Performance shown before December 28, 2015 is for the Fund’s Predecessor Fund (Millburn Hedge Fund, L.P.); please refer to important disclosures set forth below.
ML 3 Month T-Bill Index is used to represent the short-term U.S. Government bond market. R-squared is a measure of the relationship between a portfolio and its benchmark. S&P 500 Total Return Index is used to represent the U.S. large-cap stock market.
Past performance is not a guarantee of future results.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Catalyst Funds. This and other important information about the Fund is contained in the prospectus, which can be obtained by calling 866-447-4228 or at www.CatalystMF.com. The prospectus should be read carefully before investing. The Catalyst Funds are distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. Neither Catalyst Capital Advisors LLC nor Millburn Ridgefield LLC are affiliated with Northern Lights Distributors, LLC.
