CRDIX: Griffin Institutional Access Credit Fund - MutualFunds.com
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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$24.58

-

6.08%

$1.49

2.36%

Vitals

YTD Return

2.3%

1 yr return

13.6%

3 Yr Avg Return

6.1%

5 Yr Avg Return

N/A

Net Assets

$N/A

Holdings in Top 10

N/A

52 WEEK LOW AND HIGH

$24.58
$22.92
$24.60

Expenses

OPERATING FEES

Expense Ratio 2.36%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Closed-end mutual fund

Investment Style

Multisector Bond


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$24.58

-

6.08%

$1.49

2.36%

CRDIX - Profile

Distributions

  • YTD Total Return 2.3%
  • 3 Yr Annualized Total Return 6.1%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 6.44%
DIVIDENDS
  • Dividend Yield 6.1%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Griffin Institutional Access Credit Fund
  • Fund Family Name
    Griffin Capital
  • Inception Date
    Apr 03, 2017
  • Shares Outstanding
    14464326
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Andrew Carlino

Fund Description

The fund pursues its investment objective by investing in a range of secured and unsecured debt obligations which may be syndicated, consisting of U.S. high yield securities, global high yield securities, direct lending investments including direct originated debt obligations, CLOs, and other fixed-income and fixed-income related securities. Between 10% and 75% of the fund's assets may be invested in debt securities of foreign issuers.


CRDIX - Performance

Return Ranking - Trailing

Period CRDIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -25.0% 23.4% 16.47%
1 Yr 13.6% -30.0% 49.9% 7.12%
3 Yr 6.1%* -10.6% 11.7% 24.85%
5 Yr N/A* -14.4% 13.9% N/A
10 Yr N/A* -1.4% 14.0% N/A

* Annualized

Return Ranking - Calendar

Period CRDIX Return Category Return Low Category Return High Rank in Category (%)
2020 -3.4% -49.2% 314.3% 82.52%
2019 3.6% -35.1% 16.7% 63.04%
2018 -5.1% -48.0% 3.4% 50.60%
2017 N/A -14.8% 11.2% N/A
2016 N/A -11.2% 12.8% N/A

Total Return Ranking - Trailing

Period CRDIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -25.0% 23.2% 16.36%
1 Yr 13.6% -34.1% 49.9% 7.46%
3 Yr 6.1%* -12.3% 13.0% 22.71%
5 Yr N/A* -15.4% 13.9% N/A
10 Yr N/A* -1.4% 14.0% N/A

* Annualized

Total Return Ranking - Calendar

Period CRDIX Return Category Return Low Category Return High Rank in Category (%)
2020 -3.4% -49.2% 314.3% 82.66%
2019 3.6% -35.1% 16.7% 64.60%
2018 -5.1% -48.0% 8.0% 64.49%
2017 N/A -14.8% 15.2% N/A
2016 N/A -11.2% 17.7% N/A

NAV & Total Return History


CRDIX - Holdings

Concentration Analysis

CRDIX Category Low Category High CRDIX % Rank
Net Assets N/A 10 143 B N/A
Number of Holdings N/A 3 7887 N/A
Net Assets in Top 10 N/A -8.09 B 6.07 B N/A
Weighting of Top 10 N/A 4.1% 100.0% N/A

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High CRDIX % Rank
Stocks
0.00% -54.77% 182.84% N/A
Preferred Stocks
0.00% 0.00% 32.58% N/A
Other
0.00% -39.52% 104.83% N/A
Convertible Bonds
0.00% 0.00% 129.09% N/A
Cash
0.00% -152.64% 281.06% N/A
Bonds
0.00% -169.75% 217.61% N/A

CRDIX - Expenses

Operational Fees

CRDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.36% 0.02% 5.53% 9.59%
Management Fee 0.00% 0.00% 2.25% 1.53%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.85% N/A

Sales Fees

CRDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

CRDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 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.

CRDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 498.00% N/A

CRDIX - Distributions

Dividend Yield Analysis

CRDIX Category Low Category High CRDIX % Rank
Dividend Yield 6.08% 0.00% 3.36% 0.49%

Dividend Distribution Analysis

CRDIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Monthly Monthly Monthly

Net Income Ratio Analysis

CRDIX Category Low Category High CRDIX % Rank
Net Income Ratio 6.44% -1.31% 11.44% 4.19%

Capital Gain Distribution Analysis

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

Dividend Payout History

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CRDIX - Fund Manager Analysis

Managers

Andrew Carlino


Start Date

Tenure

Tenure Rank

Apr 03, 2017

4.41

4.4%

Mr. Carlino joined Bain Capital Credit in 2002. He is a Managing Director and Portfolio Manager in Liquid Credit. Prior to his current role, Mr. Carlino was responsible for investments in the Airlines, Aerospace & Defense, and Homebuilding & Building Product sectors. Previously, Mr. Carlino was a consultant for The Boston Consulting Group and also an intelligence officer in the US Air Force. Mr. Carlino received an M.B.A. from The University of Chicago Booth Graduate School of Business and a B.S. from the United States Air Force Academy.

Michael Ewald


Start Date

Tenure

Tenure Rank

Apr 30, 2019

2.34

2.3%

Michael A. Ewald — Mr. Ewald joined Bain Capital Credit in 1998. He is a Managing Director, Global Head of the Private Credit Group, Portfolio Manager for the Middle Market Credit and Senior Direct Lending strategies and a Credit Committee member. He also serves as President and CEO of Bain Capital Specialty Finance, Inc., a registered business development company. He is based in Bain Capital Credit’s Boston office. Previously, Mr. Ewald was an Associate Consultant at Bain & Company and an analyst at Credit Suisse First Boston in the Regulated Industries group. Mr. Ewald received an M.B.A. from the Amos Tuck School of Business at Dartmouth College and a B.A. from Tufts University

Nate Whittier


Start Date

Tenure

Tenure Rank

Apr 30, 2019

2.34

2.3%

Alon Avner


Start Date

Tenure

Tenure Rank

Apr 30, 2019

2.34

2.3%

Alon Avner — Mr. Avner joined Bain Capital Credit in 2006. He has been the Head of Bain Capital Credit Europe since 2009 and is a Managing Director in Distressed and Special Situations and a Credit Committee member based in Bain Capital Credit’s London office. Between 2006 and 2009, Mr. Avner was responsible for Bain Capital Credit’s European Telecom and Media investments. Previously, Mr. Avner was a Manager at Bain & Company. In addition, he worked in operations and marketing roles at Comverse Technology and Creo/Scitex. Mr. Avner received an M.B.A. from INSEAD and a B.Sc. from Tel Aviv University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 27.68 5.4 2.45