Bee Hive's March Performance...YTD.
A reversal March with falling interest rates took a bite out of the hive, but still managed to keep its # 1 % YTD ranking as others suffered (ex FPNIX) as well. All numbers are YTD percentages as of the close 2/28/2018
Hive..........+.56
FPNIX.......+.40
BSIIX........+.28
DFLEX......+.21
Alt. Credit Focus Category (BSIIX / JUCIX/ FPNIX)......+.03
QAI...........(.37)
JUCIX......(.42)
Multi Sector Category (DFLEX)...(.80)
AGG.......(2.13)
NTBAX...(1.38) 3 Yr. Lipper Award Winner in Alt. Credit Focus Category
Current Holdings... 32% GLD w/ 100% hedge of 16% in GLL, 10% UUP, 2% SJB, 2% AAPL balance in MM.
The hedge will remain so long as both volatility remains high and QAI low, but will be rebalanced when UUP is replaced by GCC. Currently I have a 20% position in SJB the likely new Queen Bee dethroning TBF which is descending into a perfect zero gain round trip as the seasons shift from January's spring to April's winter.
Not counting the hedge the Hive is 86% in MM. What do they say: "In a depression, cash is king."
