Flat Rock Core Income Fund
Name
As of 10/13/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$200 M
Holdings in Top 10
45.9%
52 WEEK LOW AND HIGH
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 10/13/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
CORFX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 7.50%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFlat Rock Core Income Fund
-
Fund Family NameFlat Rock Global LLC
-
Inception DateFeb 16, 2021
-
Shares Outstanding7663566
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRobert Grunewald
Fund Description
CORFX - Performance
Return Ranking - Trailing
Period | CORFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -0.8% | 5.5% | 47.78% |
1 Yr | N/A | -5.7% | 33.5% | 64.81% |
3 Yr | N/A* | -5.5% | 9.2% | 0.39% |
5 Yr | N/A* | -6.6% | 37.5% | N/A |
10 Yr | N/A* | -1.9% | 19.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | CORFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -12.0% | 17.3% | 47.04% |
2022 | N/A | -22.9% | 5.1% | 0.76% |
2021 | N/A | -12.2% | 12.0% | N/A |
2020 | N/A | -14.1% | 289.8% | N/A |
2019 | N/A | -8.1% | 14.6% | N/A |
Total Return Ranking - Trailing
Period | CORFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -0.8% | 5.5% | 47.78% |
1 Yr | N/A | -5.7% | 33.5% | 64.81% |
3 Yr | N/A* | -5.5% | 9.2% | 0.39% |
5 Yr | N/A* | -6.6% | 37.5% | N/A |
10 Yr | N/A* | -1.9% | 19.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | CORFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -12.0% | 30.3% | 68.52% |
2022 | N/A | -22.9% | 5.1% | 0.76% |
2021 | N/A | -10.2% | 19.4% | N/A |
2020 | N/A | -14.1% | 306.9% | N/A |
2019 | N/A | -3.6% | 23.8% | N/A |
NAV & Total Return History
CORFX - Holdings
Concentration Analysis
CORFX | Category Low | Category High | CORFX % Rank | |
---|---|---|---|---|
Net Assets | 200 M | 35.9 M | 11.9 B | 79.18% |
Number of Holdings | 64 | 2 | 1605 | 95.24% |
Net Assets in Top 10 | 91.9 M | -191 M | 2.38 B | 53.11% |
Weighting of Top 10 | 45.89% | 5.2% | 100.8% | 7.35% |
Top 10 Holdings
- Triplepoint Private Venture Credit Inc. 7.86%
- BCP GREAT LAKES FUND LP II 6.99%
- Hercules Private Global Venture Growth Fund I LP 6.51%
- Galactic Litigation Partners 4.65%
- George Intermediate Holdings, Inc. 3.93%
- Diversified Risk Holdings 3.51%
- Congruex Group LLC 3.46%
- Mount Logan Funding 2018-1 LP 3.03%
- CDK Global, Inc. TLB 1L 2.98%
- Barings Middle Market CLO Ltd 2021-I 2.97%
Asset Allocation
Weighting | Return Low | Return High | CORFX % Rank | |
---|---|---|---|---|
Bonds | 99.71% | 0.00% | 161.82% | 10.62% |
Stocks | 21.37% | 0.00% | 100.76% | 4.76% |
Other | 9.67% | -52.39% | 26.58% | 4.76% |
Cash | 1.29% | -61.90% | 18.85% | 75.82% |
Preferred Stocks | 0.00% | -3.99% | 6.42% | 70.33% |
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 | 21.37% | -0.01% | 100.76% | 4.76% |
Non US | 0.00% | 0.00% | 0.68% | 62.64% |
Bond Sector Breakdown
Weighting | Return Low | Return High | CORFX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 1.29% | 0.00% | 25.03% | 71.43% |
Derivative | 0.00% | -8.79% | 1.12% | 65.20% |
Securitized | 0.00% | 0.00% | 91.68% | N/A |
Corporate | 0.00% | 0.00% | 141.23% | 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 | 99.71% | 0.00% | 144.71% | 6.96% |
Non US | 0.00% | 0.00% | 63.23% | 76.56% |
CORFX - Expenses
Operational Fees
CORFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 5.51% | 0.03% | 12.26% | 0.73% |
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 | 0.00% | 0.00% | 11.56% | 11.39% |
Dividend Distribution Analysis
CORFX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
CORFX | Category Low | Category High | CORFX % Rank | |
---|---|---|---|---|
Net Income Ratio | 7.50% | 1.77% | 9.82% | 1.12% |
Capital Gain Distribution Analysis
CORFX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 11, 2024 | $0.170 | OrdinaryDividend |
Feb 12, 2024 | $0.170 | OrdinaryDividend |
Jan 10, 2024 | $0.170 | OrdinaryDividend |
Dec 11, 2023 | $0.155 | OrdinaryDividend |
Nov 13, 2023 | $0.150 | OrdinaryDividend |
Oct 18, 2023 | $0.150 | OrdinaryDividend |
Oct 10, 2023 | $0.155 | OrdinaryDividend |
Sep 11, 2023 | $0.133 | OrdinaryDividend |
Aug 10, 2023 | $0.133 | OrdinaryDividend |
Jul 10, 2023 | $0.133 | OrdinaryDividend |
Jun 12, 2023 | $0.133 | OrdinaryDividend |
May 10, 2023 | $0.133 | OrdinaryDividend |
Apr 11, 2023 | $0.133 | OrdinaryDividend |
Mar 10, 2023 | $0.114 | OrdinaryDividend |
Feb 10, 2023 | $0.114 | OrdinaryDividend |
Jan 10, 2023 | $0.114 | OrdinaryDividend |
Dec 13, 2022 | $0.114 | OrdinaryDividend |
Nov 10, 2022 | $0.114 | OrdinaryDividend |
Oct 11, 2022 | $0.114 | OrdinaryDividend |
Sep 12, 2022 | $0.114 | OrdinaryDividend |
Aug 10, 2022 | $0.114 | OrdinaryDividend |
Jul 11, 2022 | $0.114 | OrdinaryDividend |
Jun 10, 2022 | $0.114 | OrdinaryDividend |
May 11, 2022 | $0.114 | OrdinaryDividend |
Apr 11, 2022 | $0.114 | OrdinaryDividend |
Mar 10, 2022 | $0.114 | OrdinaryDividend |
Feb 10, 2022 | $0.114 | OrdinaryDividend |
Dec 10, 2021 | $0.114 | OrdinaryDividend |
Nov 10, 2021 | $0.114 | OrdinaryDividend |
Oct 12, 2021 | $0.114 | OrdinaryDividend |
Sep 10, 2021 | $0.114 | OrdinaryDividend |
Aug 11, 2021 | $0.114 | OrdinaryDividend |
Jul 12, 2021 | $0.114 | OrdinaryDividend |
Jun 10, 2021 | $0.114 | OrdinaryDividend |
May 25, 2021 | $0.114 | OrdinaryDividend |
Apr 26, 2021 | $0.114 | OrdinaryDividend |
Mar 25, 2021 | $0.114 | OrdinaryDividend |
Feb 25, 2021 | $0.114 | OrdinaryDividend |
Jan 25, 2021 | $0.114 | OrdinaryDividend |
Dec 28, 2020 | $0.114 | OrdinaryDividend |
Dec 07, 2020 | $0.114 | OrdinaryDividend |
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 | 6.0 | 3.25 |