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Trending ETFs

Name

As of 08/26/2022

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

$9.15

$55.2 M

1.31%

$0.12

0.70%

Vitals

YTD Return

-10.8%

1 yr return

-9.4%

3 Yr Avg Return

-0.7%

5 Yr Avg Return

0.7%

Net Assets

$55.2 M

Holdings in Top 10

36.0%

52 WEEK LOW AND HIGH

$9.1
$8.83
$10.67

Expenses

OPERATING FEES

Expense Ratio 0.70%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 50.01%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 08/26/2022

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

$9.15

$55.2 M

1.31%

$0.12

0.70%

RCFIX - Profile

Distributions

  • YTD Total Return -10.8%
  • 3 Yr Annualized Total Return -0.7%
  • 5 Yr Annualized Total Return 0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.36%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Rockefeller Core Taxable Bond Fund
  • Fund Family Name
    Rockefeller & Co.
  • Inception Date
    Dec 26, 2013
  • Shares Outstanding
    5991312
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Andrew Kello

Fund Description

The Fund seeks to achieve its investment objective by investing under normal market conditions at least 80% of its net assets (plus any borrowings for investment purposes) in taxable fixed income securities. “Fixed income securities” include corporate, government and municipal bonds, asset-backed and mortgage-backed securities, other investment companies and exchange-traded funds (“ETFs”) that will invest in fixed income securities, and other fixed income instruments. The Fund invests primarily in investment grade fixed income securities. Investment grade securities are fixed income securities rated in the top four ratings categories by independent rating organizations such as Standard & Poor’s Ratings Group (“S&P”) and Moody’s Investors Service, Inc. (“Moody’s”) or another nationally recognized statistical rating organization (“NRSRO”), or deemed by Rockefeller & Co. LLC, the Fund’s investment adviser (the “Adviser”) to be of comparable quality. The Adviser anticipates the Fund’s weighted average duration will be more than three years but less than ten years.
The Fund’s investments may include mortgage or asset-backed securities, preferred stock, taxable municipal bonds, Treasury inflation-protected securities, fixed income securities issued by foreign corporations and governments and interests in other investment companies and ETFs that invest in fixed income securities. When investing in securities denominated in currencies other than the U.S. dollar, the Fund generally will not seek to hedge against currency risks although the Fund may engage in such hedging strategies if the Adviser determines that it may be advantageous to do so. The Fund may also invest in fixed income securities rated below investment grade by an independent rating agency when purchased, including high-yield fixed income securities, and in unrated or split rated securities deemed by the Adviser to be of comparable quality. Such securities are also known as “junk bonds” or “high yield bonds.”
The Fund’s investment philosophy is based on the Adviser’s analysis of macro-economic conditions and complemented by fundamental credit research. To select investments for the Fund, the Adviser applies the macro-economic analysis by considering securities of any duration which appear to offer the best relative value. The Adviser’s bottom-up research process seeks to identify and avoid issuers which could have significant negative changes in credit quality. In addition to traditional macro-economic and credit analysis, the Adviser may also consider market sentiment and behavioral factors when assessing a security’s relative value and worthiness within a portfolio seeking principal protection and income.
The Fund may invest in securities that are illiquid, thinly traded or subject to special resale restrictions, such as those imposed by Rule 144A promulgated under the Securities Act of 1933, as amended (the “Securities Act”). The Fund’s investments may also include securities that do not produce immediate cash income, such as zero-coupon bonds. The Fund may also purchase and sell securities on a when-issued basis, which involves a commitment by the Fund to purchase or sell securities at a predetermined price or yield, but where payment for the securities is not required until the delivery date.
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RCFIX - Performance

Return Ranking - Trailing

Period RCFIX Return Category Return Low Category Return High Rank in Category (%)
YTD -10.8% -50.1% -0.3% 17.19%
1 Yr -9.4% -21.8% 6.9% 80.35%
3 Yr -0.7%* -4.0% 10.6% 90.06%
5 Yr 0.7%* -1.6% 6.3% 84.24%
10 Yr N/A* -0.5% 7.0% N/A

* Annualized

Return Ranking - Calendar

Period RCFIX Return Category Return Low Category Return High Rank in Category (%)
2023 -5.3% -75.2% 1360.6% 92.37%
2022 5.3% -14.5% 1027.9% 27.22%
2021 5.3% -11.1% 23.0% 58.30%
2020 -3.0% -11.4% 6.8% 32.07%
2019 1.2% -49.5% 12.4% 58.20%

Total Return Ranking - Trailing

Period RCFIX Return Category Return Low Category Return High Rank in Category (%)
YTD -10.8% -50.1% -0.3% 14.59%
1 Yr -9.4% -21.8% 2.9% 67.48%
3 Yr -0.7%* -4.0% 8.7% 81.84%
5 Yr 0.7%* -1.6% 5.3% 75.85%
10 Yr N/A* -0.5% 6.5% N/A

* Annualized

Total Return Ranking - Calendar

Period RCFIX Return Category Return Low Category Return High Rank in Category (%)
2023 -5.3% -75.2% 93.6% 92.37%
2022 5.3% -14.5% 1027.9% 27.22%
2021 5.3% -11.1% 23.0% 60.17%
2020 -3.0% -11.4% 6.8% 44.65%
2019 1.2% -49.5% 12.4% 68.38%

NAV & Total Return History


RCFIX - Holdings

Concentration Analysis

RCFIX Category Low Category High RCFIX % Rank
Net Assets 55.2 M 1.19 M 287 B 92.18%
Number of Holdings 62 1 17234 94.35%
Net Assets in Top 10 20.9 M -106 M 27.6 B 85.65%
Weighting of Top 10 35.99% 3.7% 100.0% 32.79%

Top 10 Holdings

  1. UNIVERSITY N C CHAPEL HILL REV 3.33% 5.36%
  2. United States Treasury Notes 1.63% 4.92%
  3. TEXAS A & M UNIV PERM UNIV FD 3.66% 4.55%
  4. United States Treasury Notes 2.75% 4.42%
  5. United States Treasury Notes 2.63% 4.08%
  6. Federal Home Loan Mortgage Corporation 2.5% 3.59%
  7. VERIZON OWNER TRUST 2.33% 3.50%
  8. Federal Home Loan Banks 0.63% 3.45%
  9. Federal National Mortgage Association 4% 3.25%
  10. Truist Financial Corporation 3.75% 3.21%

Asset Allocation

Weighting Return Low Return High RCFIX % Rank
Bonds
99.72% 3.97% 268.18% 19.93%
Cash
0.29% -181.13% 95.99% 73.18%
Stocks
0.00% -1.15% 24.74% 67.29%
Preferred Stocks
0.00% 0.00% 77.13% 71.57%
Other
0.00% -13.23% 23.06% 55.78%
Convertible Bonds
0.00% 0.00% 10.39% 93.72%

Bond Sector Breakdown

Weighting Return Low Return High RCFIX % Rank
Government
28.54% 0.00% 86.23% 41.61%
Securitized
26.23% 0.00% 98.79% 61.35%
Corporate
24.77% 0.00% 100.00% 67.80%
Municipal
20.17% 0.00% 100.00% 3.95%
Cash & Equivalents
0.29% 0.00% 95.99% 96.50%
Derivative
0.00% 0.00% 25.16% 71.03%

Bond Geographic Breakdown

Weighting Return Low Return High RCFIX % Rank
US
98.13% 3.63% 210.09% 10.94%
Non US
1.59% -6.54% 58.09% 89.42%

RCFIX - Expenses

Operational Fees

RCFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.70% 0.01% 2.93% 38.96%
Management Fee 0.35% 0.00% 1.76% 44.69%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% 44.32%

Sales Fees

RCFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

RCFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 31.34%

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.

RCFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 50.01% 2.00% 493.39% 18.19%

RCFIX - Distributions

Dividend Yield Analysis

RCFIX Category Low Category High RCFIX % Rank
Dividend Yield 1.31% 0.00% 6.58% 65.63%

Dividend Distribution Analysis

RCFIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Monthly

Net Income Ratio Analysis

RCFIX Category Low Category High RCFIX % Rank
Net Income Ratio 1.36% -1.28% 8.97% 70.07%

Capital Gain Distribution Analysis

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

Distributions History

View More +

RCFIX - Fund Manager Analysis

Managers

Andrew Kello


Start Date

Tenure

Tenure Rank

Sep 27, 2016

5.68

5.7%

Andrew M. Kello, is a Portfolio Manager for Fixed Income within the Investment Group. Prior to joining Rockefeller in 2006 as a Portfolio Engineer, Mr. Kello worked at UBS Financial Services, Inc. as an Investment Associate for the Institutional Sales Group. He was also a Financial Advisor in their Private Client Group and a Client Service Associate. Mr. Kello holds a B.S. in Organizational Communication from Northeastern University.

Albert Sindall


Start Date

Tenure

Tenure Rank

Jan 24, 2020

2.35

2.4%

Albert P. Sindall III (Trey), CFA® is a Portfolio Manager within Rockefeller Asset Management’s Fixed Income Team. Mr. Sindall is responsible for buy and sell decisions and portfolio construction on the firm’s taxable bond strategies as well as leading the corporate credit research effort. He has served as a co-portfolio manager of the Rockefeller Core Taxable Bond Fund since January 2020. Previously he was a Corporate Credit Analyst responsible for research on both new and existing corporate credits. Prior to joining Rockefeller’s Fixed Income Team in 2012, he was a Senior Performance Analyst with Rockit Solutions. Before he joined Rockefeller, Mr. Sindall worked as an Investment Performance Analyst at Cambridge Associates. Mr. Sindall is a Chartered Financial Analyst charter holder and holds a B.S. in Analytical Finance from Wake Forest University and is a member of the CFA Society New York.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.77 1.16