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Trending ETFs

Name

As of 11/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$20.73

$260 M

10.13%

$2.10

5.51%

Vitals

YTD Return

9.8%

1 yr return

12.4%

3 Yr Avg Return

8.2%

5 Yr Avg Return

N/A

Net Assets

$260 M

Holdings in Top 10

37.0%

52 WEEK LOW AND HIGH

$20.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 5.51%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Closed-end mutual fund


Name

As of 11/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$20.73

$260 M

10.13%

$2.10

5.51%

CORFX - Profile

Distributions

  • YTD Total Return 9.8%
  • 3 Yr Annualized Total Return 8.2%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 7.50%
DIVIDENDS
  • Dividend Yield 10.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Flat Rock Core Income Fund
  • Fund Family Name
    Flat Rock Global LLC
  • Inception Date
    Feb 16, 2021
  • Shares Outstanding
    7663566
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Robert Grunewald

Fund Description


CORFX - Performance

Return Ranking - Trailing

Period CORFX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.8% -3.5% 10.0% 2.25%
1 Yr 12.4% -3.4% 14.8% 1.87%
3 Yr 8.2%* -7.1% 8.3% 0.39%
5 Yr N/A* -6.4% 38.1% N/A
10 Yr N/A* -2.2% 19.6% N/A

* Annualized

Return Ranking - Calendar

Period CORFX Return Category Return Low Category Return High Rank in Category (%)
2023 3.2% -12.0% 11.1% 46.07%
2022 -3.9% -22.9% 5.1% 1.15%
2021 N/A -12.2% 11.1% N/A
2020 N/A -14.1% 289.8% N/A
2019 N/A -8.1% 7.5% N/A

Total Return Ranking - Trailing

Period CORFX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.8% -3.5% 10.0% 2.25%
1 Yr 12.4% -3.4% 14.8% 1.87%
3 Yr 8.2%* -7.1% 8.3% 0.39%
5 Yr N/A* -6.4% 38.1% N/A
10 Yr N/A* -2.2% 19.6% N/A

* Annualized

Total Return Ranking - Calendar

Period CORFX Return Category Return Low Category Return High Rank in Category (%)
2023 11.7% -12.0% 22.1% 70.41%
2022 2.8% -22.9% 5.1% 1.15%
2021 N/A -10.2% 11.1% N/A
2020 N/A -14.1% 306.9% N/A
2019 N/A -3.6% 10.5% N/A

NAV & Total Return History


CORFX - Holdings

Concentration Analysis

CORFX Category Low Category High CORFX % Rank
Net Assets 260 M 29.9 M 13.5 B 74.71%
Number of Holdings 75 2 1977 94.59%
Net Assets in Top 10 95.9 M -191 M 2.37 B 52.90%
Weighting of Top 10 36.97% 5.2% 100.7% 7.36%

Top 10 Holdings

  1. Triplepoint Private Venture Credit Inc. 6.09%
  2. Hercules Private Global Venture Growth Fund I L.P. 6.05%
  3. BCP Great Lakes II - Series A Holdings LP 4.70%
  4. Vehicle Management Services, LLC TL 3.26%
  5. George Intermediate Holdings, Inc. 3.07%
  6. Brightwood Capital MM CLO 2023-1, Ltd. 3.05%
  7. Galactic Litigation Partners 2.80%
  8. Diversified Risk Holdings 2.67%
  9. ABPCI Direct Lending Fund ABS II LLC 2.64%
  10. ALM Media, LLC 2.64%

Asset Allocation

Weighting Return Low Return High CORFX % Rank
Bonds
98.75% 0.00% 161.82% 19.31%
Stocks
16.84% 0.00% 100.74% 5.02%
Other
7.48% -52.39% 34.87% 2.70%
Cash
0.97% -61.90% 16.36% 71.81%
Preferred Stocks
0.00% -3.99% 7.30% 71.81%
Convertible Bonds
0.00% 0.00% 5.51% N/A

Stock Sector Breakdown

Weighting Return Low Return High CORFX % Rank
Utilities
0.00% 0.00% 100.00% N/A
Technology
0.00% 0.00% 100.00% N/A
Real Estate
0.00% 0.00% 48.61% N/A
Industrials
0.00% 0.00% 100.00% N/A
Healthcare
0.00% 0.00% 100.00% N/A
Financial Services
0.00% 0.00% 89.61% N/A
Energy
0.00% 0.00% 100.00% N/A
Communication Services
0.00% 0.00% 100.00% N/A
Consumer Defense
0.00% 0.00% 100.00% N/A
Consumer Cyclical
0.00% 0.00% 97.66% N/A
Basic Materials
0.00% 0.00% 1.36% N/A

Stock Geographic Breakdown

Weighting Return Low Return High CORFX % Rank
US
16.84% -0.01% 100.74% 5.02%
Non US
0.00% 0.00% 0.68% 64.48%

Bond Sector Breakdown

Weighting Return Low Return High CORFX % Rank
Cash & Equivalents
0.97% 0.00% 25.03% 67.57%
Derivative
0.00% -10.96% 0.59% 94.21%
Securitized
0.00% 0.00% 91.68% N/A
Corporate
0.00% 0.00% 99.80% N/A
Municipal
0.00% 0.00% 0.47% N/A
Government
0.00% 0.00% 3.18% N/A

Bond Geographic Breakdown

Weighting Return Low Return High CORFX % Rank
US
98.75% 0.00% 123.41% 16.22%
Non US
0.00% 0.00% 63.23% 74.90%

CORFX - Expenses

Operational Fees

CORFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 5.51% 0.03% 5.51% 0.38%
Management Fee 1.89% 0.00% 1.89% 100.00%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.27% N/A

Sales Fees

CORFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

CORFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CORFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 4.00% 180.00% N/A

CORFX - Distributions

Dividend Yield Analysis

CORFX Category Low Category High CORFX % Rank
Dividend Yield 10.13% 0.00% 11.13% 7.49%

Dividend Distribution Analysis

CORFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

CORFX Category Low Category High CORFX % Rank
Net Income Ratio 7.50% 1.77% 9.82% 1.18%

Capital Gain Distribution Analysis

CORFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

CORFX - Fund Manager Analysis

Managers

Robert Grunewald


Start Date

Tenure

Tenure Rank

Nov 23, 2020

1.52

1.5%

Mr. Robert K. Grunewald is CEO and Founder of Flat Rock Global, LLC since 2016. Mr. Grunewald previously served as the President and Chief Investment Officer of Business Development Corp. of America (“BDCA”) from 2011 to 2015. Mr. Grunewald has over 25 years of experience in BDCs, middle market finance, private equity and investment banking. Mr. Grunewald holds a Bachelor of Business Administration from University of Notre Dame in 1984 and a Master of Business Administration from Georgia State University in 1994.

Shiloh Bates


Start Date

Tenure

Tenure Rank

Jan 31, 2021

1.33

1.3%

Mr. Shiloh Bates is a Managing Director of Flat Rock Global, LLC since 2018 and is also a Managing Director of Benefit Street Partners since 2016. Mr. Bates previously served as Managing Director for BDCA Adviser from 2012 to 2016. Prior to joining BDCA Adviser, Mr. Bates was a Senior Credit Analyst at Canaras Capital Management for two years. Prior to Canaras, Mr. Bates was a Senior Credit Analyst at Four Corners Capital Management for five years. Before Four Corners, Mr. Bates was employed by ING Capital Advisors for 2 years, performing in-depth financial analysis for distressed investments in telecommunication and technology companies. Mr. Bates holds a BS in Political Science from Virginia Tech, an MA of Public Policy from Harvard University, John F. Kennedy School of Government, an MA of Financial Mathematics from the University of Chicago and a MA of Statistics from Columbia University. Mr. Bates also served in the U.S. Army Reserves Special Operations Command as a Specialist for six years.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 21.18 6.07 3.25