Catalyst Funds announced that the Catalyst/Millburn Hedge Strategy Fund (MBXIX) surpassed $10.13 billion in assets under management as of June 1, 2026. The fund combines a systematic, quantitative long/short managed futures portfolio with a strategic equity component, offering exposure to over 125 global markets.
According to Catalyst Funds, investors are using MBXIX as a diversification tool alongside traditional stock and bond portfolios in varied market conditions.
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Assets under management reached $10.13 billion as of June 1, 2026
Systematic long/short managed futures plus equity provide access to 125+ global markets
Backed by Millburn Ridgefield’s 50+ years of quantitative investing experience
Part of a broader Catalyst platform of 19 distinct strategies for income and growth
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Market Context
This announcement highlights that MBXIX surpassed $10.13 billion in assets under management and offe...
Analysis
This announcement highlights that MBXIX surpassed $10.13 billion in assets under management and offers exposure to over 125 global markets through a systematic long/short managed futures and equity approach. The disclosure emphasizes extensive use of derivatives, leverage and commodities, which can increase volatility and drawdowns. With no recent news history provided for CWEAX, investors would likely monitor future performance, risk metrics and asset flows alongside the fund’s diversification role.
Key Figures
Assets under management:$10.13 billionGlobal markets exposure:over 125 marketsQuant investing experience:over 50 years+5 more
8 metrics
Assets under management$10.13 billionMBXIX as of June 1, 2026
Global markets exposureover 125 marketsManaged futures and strategic equity portfolio
Quant investing experienceover 50 yearsMillburn Ridgefield LLC track record
Number of strategies19 strategiesDistinct Catalyst Funds offerings
Lost decade start12/31/1999Start of S&P 500 TR Index “lost decade”
Lost decade end12/31/2009End of S&P 500 TR Index “lost decade”
Prospectus phone866-447-4228Number to obtain fund prospectus
Media contact phone201-403-8185Zito Partners media inquiries
Key Terms
long/short, managed futures, drawdowns, derivatives, +4 more
8 terms
long/shortfinancial
"Long/short investment is a strategy that simultaneously buys undervalued stocks..."
A long/short approach combines owning stocks expected to rise (long positions) with betting against stocks expected to fall (short positions), aiming to make money from both winners and losers. For investors it matters because this mix can reduce exposure to overall market swings—like holding an umbrella while also placing a forecasted bet—and can improve returns or lower risk compared with only owning stocks.
managed futuresfinancial
"Managed Futures refers to professionally managed portfolios of futures..."
Managed futures are investment strategies where professional managers trade futures contracts—agreements to buy or sell commodities, currencies, interest rates or stock indexes at set prices in the future—on behalf of clients. Investors use them to seek returns that move differently from stocks and bonds, like adding a separate engine to a car; this can help spread risk and hedge against downturns, though these strategies can be volatile and carry fees and leverage risks.
drawdownstechnical
"Drawdowns: The percentage decline from an asset's or portfolio's peak value..."
A drawdown is the decline in value from a recent high to the lowest point that follows, usually expressed as a percentage. It shows how big and how long a loss can be if you hold through a fall—think of it as the depth and duration of a dip in a hiking trail. Investors use drawdowns to judge risk, compare strategies, set safety limits, and plan how long a recovery might take.
derivativesfinancial
"The Fund will invest a percentage of its assets in derivatives, such as futures..."
Derivatives are financial contracts whose value depends on the price or performance of another asset, such as a stock, bond, commodity, currency or interest rate. Investors use them to hedge against risk, to speculate on future price moves, or to gain exposure without owning the asset — like buying insurance or placing a leveraged bet — so they can both protect portfolios and magnify gains or losses, affecting risk and market liquidity.
"The Fund will invest a percentage of its assets in derivatives, such as futures, forwards..."
A futures contract is a standardized agreement to buy or sell an asset (like a commodity, currency, or stock index) at a fixed price on a specific future date. Think of it like locking in the price of a house today for a move-in years from now: it lets buyers and sellers protect themselves against price swings or bet on which way prices will move. For investors, futures matter because they provide a cheap way to manage risk, amplify returns through leverage, and signal market expectations that can move cash prices.
"The Fund will invest a percentage of its assets in derivatives, such as futures, forwards..."
A forward is a private agreement to buy or sell an asset at a specific price on a set future date, similar to pre-ordering something now to be delivered later at a fixed price. It matters to investors because it lets them lock in prices to protect against swings or to speculate on future moves; however, forwards are customized and traded privately, so they carry higher counterparty and liquidity risk than exchange-traded contracts.
options contractsfinancial
"The Fund will invest... in derivatives, such as futures, forwards and options contracts..."
A contract that gives an investor the right, but not the obligation, to buy or sell a specific amount of a stock or other asset at a set price within a set time. It matters because options let investors protect against losses, lock in prices, or bet on price moves with less upfront cash than buying the asset outright—like buying a short-term reservation or insurance policy on a future purchase or sale.
hedging strategiesfinancial
"The Fund will invest... in derivatives... and hedging strategies."
Hedging strategies are deliberate actions investors take to reduce the chance of losing money when markets move against them, much like buying insurance to limit damage from an accident. They matter because they help protect returns and smooth out sudden swings, preserving capital and giving investors more predictable outcomes, though hedges can reduce upside and come with costs. Investors choose hedges based on their goals, time horizon and how much protection they want.
Milestone reflects growing investor demand for differentiated strategies as traditional portfolios face structural challenges
NEW YORK, June 04, 2026 (GLOBE NEWSWIRE) -- Catalyst Funds today announced that the Catalyst/Millburn Hedge Strategy Fund (MBXIX) has surpassed $10 billion in assets under management ($10.13 billion as of June 1, 2026), underscoring a shift in how investors are positioning portfolios to meet long-term investment objectives in an increasingly complex market environment.
As traditional stock and bond allocations have struggled to consistently deliver diversification and attractive returns, particularly during periods such as the “lost decade” of the 2000s and recent market drawdowns, investors are increasingly seeking alternative strategies that have the potential to provide resilience across market cycles. MBXIX offers investors a compelling strategy with a differentiated approach designed to generate returns in both rising and falling markets.
MBXIX combines a portfolio of active long/short managed futures with a strategic equity component, providing exposure to over 125 global markets. This broad opportunity set allows the Fund to capture trends across asset classes and geographies, positioning it as a powerful complement to traditional portfolios that have shown limitations during periods of heightened volatility and increased correlation of traditional asset classes during market crises. The ability to navigate both bull and bear markets has been a key driver of investor adoption.
“Reaching $10 billion in assets under management is less about the milestone itself and more about what it represents,” said Jerry Szilagyi, CEO of Catalyst Funds. “Investors are recognizing that traditional portfolios alone may not be sufficient to achieve long-term goals. Strategies like MBXIX are designed to address that gap by providing diversification and return potential when it may be needed most.”
The Fund’s approach is grounded in a fully systematic investment process developed by Millburn Ridgefield LLC, a pioneer in quantitative investing with over 50 years of experience. By relying on a disciplined, model-driven framework, the strategy strives to remove emotion from decision-making and seeks to consistently capture market trends across a wide range of environments.
“Crossing $10 billion reflects a shift in how investors think about diversification,” said Dr. Michael Soss, CIO of Millburn. “Traditional portfolios have become more correlated and more fragile. Investors are increasingly seeking strategies that are explicitly designed to perform across regimes and provide diversification when it matters most.”
Catalyst Funds offers 19 distinct strategies designed to help investors achieve income and growth objectives while managing risk and volatility.
For more information, please visit www.catalystmf.com. For media inquiries regarding this announcement, please contact Deborah Kostroun of Zito Partners at 201-403-8185.
NOTICE
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.
Risk Considerations
Past performance is not a guarantee of future results. Diversification does not ensure a profit or guarantee against loss.
There is no assurance that the Fund will achieve its investment objective.
Investing in the Fund carries certain risks. The Fund will invest a percentage of its assets in derivatives, such as futures, forwards and options contracts, and hedging strategies. The use of such derivatives and the resulting high portfolio turn-over may expose the Fund to additional risks that it would not be subject to if it invested directly in the securities and commodities underlying those derivatives. The Fund may experience losses that exceed those experienced by funds that do not use futures, forwards and options contracts, and hedging strategies. Investing in commodities markets may subject the Fund to greater volatility than investments in traditional securities. Currency trading risks include market risk, credit risk and country risk. Foreign investing involves risks not typically associated with U.S. investments. Changes in interest rates and the liquidity of certain investments could affect the Fund’s overall performance. Other risks include U.S. Government securities risks and investments in fixed income securities. Typically, a rise in interest rates causes a decline in the value of fixed income securities or derivatives owned by the Fund. Furthermore, the use of leveraging can magnify the potential for gain or loss and amplify the effects of market volatility on the Fund’s share price. The Fund is subject to regulatory change and tax risks; changes to current rules could increase costs associated with an investment in the Fund. These factors may affect the value of your investment.
Glossary:
Drawdowns: The percentage decline from an asset's or portfolio's peak value to its lowest subsequent trough before a new peak is achieved.
Long/Short: Long/short investment is a strategy that simultaneously buys undervalued stocks (long positions) expected to rise and sells borrowed overvalued stocks (short positions) expected to fall.
Lost Decade: A decade where an asset class generates negative returns. With regards to this piece, the “Lost Decade” referenced is for stocks, as represented by the S&P 500 TR Index, starting on 12/31/1999 and lasting until 12/31/2009.
Managed Futures refers to professionally managed portfolios of futures, forwards and options contracts, often used as alternative investments for diversification purposes.
20260501-5448168
FAQ
What milestone did the Catalyst/Millburn Hedge Strategy Fund (MBXIX, symbol CWEAX) reach in June 2026?
The Catalyst/Millburn Hedge Strategy Fund surpassed $10.13 billion in assets under management as of June 1, 2026. According to Catalyst Funds, this AUM milestone reflects growing investor use of the strategy alongside traditional stock and bond portfolios to pursue long-term objectives.
What is the investment strategy of the Catalyst/Millburn Hedge Strategy Fund (CWEAX/MBXIX)?
The fund uses a systematic long/short managed futures approach combined with a strategic equity component. According to Catalyst Funds, this quantitative, model-driven process seeks to capture trends across more than 125 global markets and aims to provide diversification across different market environments.
How does the Catalyst/Millburn Hedge Strategy Fund aim to complement traditional portfolios?
The fund is designed to act as a diversifying complement to traditional stock and bond allocations. According to Catalyst Funds, its managed futures and equity mix seeks to provide return potential in varied markets, including periods of heightened volatility and increased correlation among traditional asset classes.
Who manages the systematic process behind the Catalyst/Millburn Hedge Strategy Fund (MBXIX)?
The fund’s fully systematic investment process was developed by Millburn Ridgefield, a quantitative investing firm. According to Catalyst Funds, Millburn has over 50 years of experience using model-driven strategies to help remove emotion from decisions and attempt to capture trends across diverse market regimes.
What key risks should investors know about the Catalyst/Millburn Hedge Strategy Fund (CWEAX)?
The fund involves risks from derivatives, managed futures, commodities, foreign investing, interest rates, leverage, and regulatory changes. According to Catalyst Funds, these factors can increase volatility and potential losses, and past performance does not guarantee future results, so investors should review the prospectus carefully.
How many strategies does Catalyst Funds offer alongside the Catalyst/Millburn Hedge Strategy Fund?
Catalyst Funds offers 19 distinct investment strategies, including the Catalyst/Millburn Hedge Strategy Fund. According to Catalyst Funds, these strategies are structured to help investors pursue income and growth goals while managing risk and volatility through different approaches that complement traditional stock and bond holdings.
