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RCIAX Resource Credit Income A

  • Fund
  • RCIAX
  • Price as of: Aug 20, 2019
  • $10.94 - $0.00 - 0.00%
  • Category
  • Uncategorized

RCIAX - Profile

Vitals

  • YTD Return 5.8%
  • 3 Yr Annualized Return 2.0%
  • 5 Yr Annualized Return N/A
  • Net Assets $N/A
  • Holdings in Top 10 39.6%

52 WEEK LOW AND HIGH

$10.94
$10.32
$11.28

Expenses

OPERATING RELATED FEES

  • Expense Ratio N/A

SALES FEES

  • Front Load 6.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee 0.50%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Investment Themes

CATEGORY

Uncategorized
  • Fund Type Closed-end mutual fund
  • Investment Style Nontraditional Bond

Distributions

  • YTD Total Return 5.8%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 4.8%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Resource Credit Income Fund
  • Fund Family Name Resource Real Estate
  • Inception Date Apr 20, 2015
  • Shares Outstanding 3294643
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Michael Terwilliger

Fund Description

N/A

RCIAX - Performance

Return Ranking - Trailing

Period RCIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.8% -50.0% 269.8% 70.42%
1 Yr -2.5% -64.4% 269.8% 51.91%
3 Yr 2.0%* -41.6% 115.6% 37.24%
5 Yr N/A* -30.7% 58.6% N/A
10 Yr N/A* -8.4% 26.2% N/A

* Annualized


Return Ranking - Calendar

Period RCIAX Return Category Return Low Category Return High Rank in Category (%)
2018 -6.6% -67.1% 73.0% 30.22%
2017 4.8% -76.0% 74.8% 63.45%
2016 7.8% -58.1% 900.0% 21.68%
2015 N/A -51.1% 336.8% N/A
2014 N/A -60.1% 304.1% N/A

Total Return Ranking - Trailing

Period RCIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.8% -50.0% 269.8% 70.85%
1 Yr -2.5% -64.4% 269.8% 62.27%
3 Yr 2.0%* -30.7% 115.6% 55.95%
5 Yr N/A* -30.7% 58.6% N/A
10 Yr N/A* -8.4% 26.3% N/A

* Annualized


Total Return Ranking - Calendar

Period RCIAX Return Category Return Low Category Return High Rank in Category (%)
2018 -6.6% -67.1% 76.6% 41.40%
2017 4.8% -30.7% 76.8% 71.09%
2016 7.8% -58.1% 900.0% 29.58%
2015 N/A -51.1% 341.1% N/A
2014 N/A -60.1% 304.1% N/A

NAV & Total Return History

RCIAX - Holdings

Concentration Analysis

RCIAX Category Low Category High RCIAX % Rank
Net Assets N/A 0 814 B N/A
Number of Holdings 81 1 17343 50.81%
Net Assets in Top 10 96.1 M -28.8 B 144 B 43.30%
Weighting of Top 10 39.55% 0.0% 20474.3% 43.61%

Top 10 Holdings

  1. Tree Line Credit Strategies Lp 7.80%

  2. Cvc European Midmarket Solutions Fund 5.02%

  3. PIONEER HLDG LLC / PIONEER FIN CORP 9% 4.60%

  4. Goldentree Credit Opportunities Fund 3.94%

  5. Blackrock Global Credit Opportunities Fund, Lp 3.71%

  6. CEC Entertainment Inc 8% 3.69%

  7. Ares Capital Corp 3.38%

  8. Dole Food Company, Inc. 7.25% 2.80%

  9. Gso Credit Alpha Fund Ii Lp 2.36%

  10. Monroe Capital Private Credit Fund Iii Lp 2.25%


Asset Allocation

Weighting Return Low Return High RCIAX % Rank
Bonds
57.94% -955.59% 2526.95% 27.52%
Other
26.45% -7288.76% 502.86% 1.37%
Stocks
11.52% -142.98% 259.25% 70.07%
Convertible Bonds
2.41% -0.37% 166.23% 4.06%
Preferred Stocks
1.94% -0.12% 80.89% 3.70%
Cash
-0.26% -2543.91% 7388.76% 94.76%

Stock Sector Breakdown

Weighting Return Low Return High RCIAX % Rank
Financial Services
11.44% -7.59% 99.28% 48.89%
Real Estate
0.08% -11.04% 100.00% 75.88%
Utilities
0.00% -3.80% 94.95% 90.66%
Technology
0.00% -19.01% 99.57% 95.25%
Industrials
0.00% -21.11% 93.31% 96.20%
Healthcare
0.00% -15.38% 100.00% 94.52%
Energy
0.00% -7.00% 121.80% 93.54%
Communication Services
0.00% -4.54% 90.02% 91.42%
Consumer Defense
0.00% -7.54% 98.24% 93.51%
Consumer Cyclical
0.00% -18.86% 87.44% 96.21%
Basic Materials
0.00% -5.18% 96.19% 93.89%

Stock Geographic Breakdown

Weighting Return Low Return High RCIAX % Rank
US
11.52% -142.98% 128.63% 57.37%
Non US
0.00% -24.89% 159.65% 89.55%

Bond Sector Breakdown

Weighting Return Low Return High RCIAX % Rank
Corporate
52.97% -15.73% 3345.86% 7.67%
Securitized
5.39% -35.05% 159.61% 21.39%
Cash & Equivalents
1.69% -2543.91% 7388.76% 64.66%
Derivative
0.00% -511.61% 2524.39% 63.45%
Municipal
0.00% 0.00% 110.18% 78.68%
Government
0.00% -3298.93% 457.08% 80.39%

Bond Geographic Breakdown

Weighting Return Low Return High RCIAX % Rank
US
52.68% -955.59% 2526.95% 22.76%
Non US
5.26% -150.85% 464.75% 24.89%

RCIAX - Expenses

Operational Fees

RCIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.00% 928.63% N/A
Management Fee 1.85% 0.00% 2.87% 99.49%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 52000.00% N/A

Sales Fees

RCIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 6.50% 0.00% 25.00% 0.54%
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

RCIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 0.50% 0.00% 2.00% 96.42%

Turnover 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.

RCIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 5067.00% N/A

RCIAX - Distributions

Dividend Yield Analysis

RCIAX Category Low Category High RCIAX % Rank
Dividend Yield 4.80% 0.00% 87.68% 2.00%

Dividend Distribution Analysis

RCIAX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

RCIAX Category Low Category High RCIAX % Rank
Net Income Ratio N/A -46.00% 10.10% N/A

Capital Gain Distribution Analysis

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

RCIAX - Managers

Michael Terwilliger

Manager

Start Date

Tenure

Tenure Rank

Apr 20, 2015

4.28

4.3%

Michael Terwilliger has more than a decade of credit investment experience, with expertise in a range of products including high yield bonds, distressed debt, structured securities, bank loans and convertibles. From February 2012 until October 2015, Mr. Terwilliger was a Senior Credit Analyst at Shenkman Capital Management, Inc. (“Shenkman”), a prominent institutional credit manager focused on non-investment grade products. At Shenkman, he primarily managed investments in the Retail and Food & Beverage sectors, From March 2006 until November 2011, he worked as a High Yield Research Analyst at Bank of America-Merrill Lynch (“BAML”). In 2010 and 2011, Institutional Investor recognized Mr. Terwilliger with a #2 ranking in its annual All-America Fixed-Income Research Team for his coverage of the General Manufacturing sector and a #3 ranking in 2011 for his work in the Business Services industries. Before BAML, he was part of the Distressed Debt and Special Situations effort at Friedman Billings Ramsey & Co. In the course of his career, Mr. Terwilliger has covered a wide range of industries, including Cable, Media & Entertainment, Building Products and Energy. Mr. Terwilliger holds a Bachelor of Arts degree from Northwestern University and a Masters of Business Administration from the University of Virginia Darden School Of Business. He is also a CFA charter holder.


Tenure Analysis

Category Low

0.0

Category High

43.76

Category Average

4.66

Category Mode

4.5