Catalyst Funds
Rational Funds
Strategy Shares
The graph and table above provide return data for major income-oriented asset categories for the month of June 2023 and YTD 2023. Returns for each asset category are based on the returns of the constituent(s) in the Nasdaq HANDLS™ Base Index representing that category. Also included are returns for the Nasdaq 5HANDL™ Index, the Nasdaq 7HANDL™ Index and the Nasdaq 10HANDL™ Index.
Return of the Equities
Markets were a mixed bag in June. Optimism about the Federal Reserve ending or at least slowing its rate-rising program pushed up the equity markets, with the Large Cap Core Equity category delivering a 6.4% return for the month. Nevertheless, inflation remained persistent, albeit at a lower annualized rate, and the Core Fixed Income category responded with a -0.3% return in June.
The top five performing categories in the Nasdaq Dorsey Wright Explore portion of HANDLS Indexes for the month of June all track equity securities. The Dividend Equity category led the way with a 6.5% return for the month, roughly in line with the broader equity market. REITs (5.2%) and MLPs (4.6%) each enjoyed strong rebounds in June after enduring a disastrous May.
Fixed-income categories were the laggards in July, with the MBS (-0.5%), Active Fixed income (-0.3%) and Build America Bonds (-0.1%) categories all delivering negative returns roughly in line with the broader fixed-income market.
Balanced portfolios enjoyed a positive month. The Nasdaq 5HANDL Index returned 2.5% for the month. The Nasdaq 7 HANDL Index, the 1.3x leveraged version of the index, returned 3.1% in June while the Nasdaq 10 HANDL Index, the 2.0x leveraged version of the index, gained 4.5%.
*The graph and table above provide return data for major income-oriented asset categories since inception of HANDLS Indexes (3/12/2009). Returns for each asset category are based on the returns of the constituent(s) in the Nasdaq HANDLS™ Base Index representing that category. Also included are returns for the Nasdaq 5HANDL™ Index, the Nasdaq 7HANDL™ Index and the Nasdaq 10HANDL™ Index. Inception dates for MLPs (1/2/2013), Build America Bonds (1/2/2010) and Active Fixed Income (1/2/2014)
For the year-to-date period ended June 30, 2023, The Large Cap Core Equity and Core Fixed Income categories returned 30.6% and 2.2%, respectively. The Growth & Income category (14.9%) was the best performer among the categories in the Nasdaq Dorsey Wright Explore portion of HANDLS Indexes. Utilities (-6.2) are the only category to deliver negative returns for the year-to-date period, as high-yielding cash alternatives have pulled capital away from a category that typically attracts yield-hungry investors.
The Nasdaq 5HANDL Index returned 6.9% for the year-to-date period ended June 30, 2023. The Nasdaq 7 HANDL Index delivered 8.1% over the same period while the Nasdaq 10 HANDL Index came in at 11%.
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