RCSTX: Red Cedar Short Term Bond Institutional

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RCSTX Red Cedar Short Term Bond Institutional


Profile

RCSTX - Profile

Vitals

  • YTD Return 2.3%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $111 M
  • Holdings in Top 10 N/A

52 WEEK LOW AND HIGH

$10.22
$9.74
$10.22

Expenses

OPERATING RELATED FEES

  • Expense Ratio N/A

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $10,000
  • IRA $2,000

Fund Classification

  • Primary Caregory Uncategorized
  • Fund Type Open End Mutual Fund
  • Investment Style Short-Term Bond

Distributions

  • YTD Total Return 2.3%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Red Cedar Short Term Bond Fund
  • Fund Family Name
    Red Cedar
  • Inception Date
    Nov 15, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Patricia Younker

Fund Description

Under normal market circumstances, the fund will invest at least 80% of its net assets in U.S. dollar-denominated debt obligations, including corporate bonds, bonds issued by municipalities and local authorities, U.S. treasury obligations, U.S. treasury inflation-protected securities ("TIPS") and other U.S. government and agency securities, U.S. dollar denominated bonds issued by foreign governments and corporations, asset-backed, commercial mortgage-backed, mortgage-related and mortgage-backed securities.


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Categories

Performance

RCSTX - Performance

Return Ranking - Trailing

Period RCSTX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -8.8% 5.7% 28.97%
1 Yr N/A -10.2% 5.1% N/A
3 Yr N/A* -3.9% 2.3% N/A
5 Yr N/A* -19.8% 2.1% N/A
10 Yr N/A* -10.3% 4.0% N/A

* Annualized

Return Ranking - Calendar

Period RCSTX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -6.6% 5.0% N/A
2018 N/A -4.8% 1.0% N/A
2017 N/A -1.4% 2.8% N/A
2016 N/A -65.8% 7.1% N/A
2015 N/A -6.9% 3.0% N/A

Total Return Ranking - Trailing

Period RCSTX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -8.8% 5.7% 28.97%
1 Yr N/A -10.2% 5.1% N/A
3 Yr N/A* -3.8% 3.0% N/A
5 Yr N/A* -18.5% 3.5% N/A
10 Yr N/A* -8.6% 4.0% N/A

* Annualized

Total Return Ranking - Calendar

Period RCSTX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -6.6% 5.0% N/A
2018 N/A -4.1% 6.5% N/A
2017 N/A -1.4% 5.9% N/A
2016 N/A -65.2% 10.7% N/A
2015 N/A -5.3% 3.5% N/A

NAV & Total Return History


Holdings

RCSTX - Holdings

Concentration Analysis

RCSTX Category Low Category High RCSTX % Rank
Net Assets 111 M 272 K 65.6 B 86.65%
Number of Holdings N/A 3 2634 N/A
Net Assets in Top 10 N/A -3.38 M 7.39 B N/A
Weighting of Top 10 N/A 3.3% 100.0% N/A

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High RCSTX % Rank
Stocks
0.00% 0.00% 7.37% N/A
Preferred Stocks
0.00% 0.00% 51.70% N/A
Other
0.00% -1.74% 20.06% N/A
Convertible Bonds
0.00% 0.00% 24.99% N/A
Cash
0.00% -33.34% 77.61% N/A
Bonds
0.00% 22.39% 122.47% N/A

Expenses

RCSTX - Expenses

Operational Fees

RCSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.01% 23.90% N/A
Management Fee 0.30% 0.00% 1.19% 44.10%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.41% N/A

Sales Fees

RCSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.75% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

RCSTX 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.

RCSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 496.37% N/A

Distributions

RCSTX - Distributions

Dividend Yield Analysis

RCSTX Category Low Category High RCSTX % Rank
Dividend Yield 0.15% 0.00% 3.04% 2.80%

Dividend Distribution Analysis

RCSTX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

RCSTX Category Low Category High RCSTX % Rank
Net Income Ratio N/A -2.82% 4.42% N/A

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

RCSTX - Fund Manager Analysis

Managers

Patricia Younker


Start Date

Tenure

Tenure Rank

Nov 15, 2019

0.79

0.8%

Ms. Patricia Younker is a Senior Portfolio Manager of Red Cedar Investment Management, LLC and has served in that capacity since December 2018. Prior to joining Red Cedar Investment Management, she held a similar position at ClearArc Capital from 2001 to 2018. Previously, she served as a Portfolio Manager at Lyon Street Asset Management, a subsidiary of Old Kent Bank, which was acquired by Fifth Third Bank (an affiliated company of ClearArc Capital). Her previous experience includes working as a Tax-Exempt Money Market Trader and as a Fixed Income Trader. Mrs. Younker graduated from Davenport University with a Bachelor of Applied Science.

Jason Schwartz


Start Date

Tenure

Tenure Rank

Nov 15, 2019

0.79

0.8%

Jason M. Schwartz is a Senior Portfolio Manager on the Fixed Income team for ClearArc Capital where he serves as head of securitized products research and trading. Mr. Schwartz also provides the firm with derivatives and hedging analysis. He joined ClearArc Capital in 2004 and has 14 years of investment experience. He is a member of the Cincinnati Society of Financial Analysts. Mr. Schwartz graduated summa cum laude from the University of Kentucky with a B.B.A. in Finance and is a CFA® charterholder.

Michael Martin


Start Date

Tenure

Tenure Rank

Nov 15, 2019

0.79

0.8%

Mr. Michael J. Martin, CFA, is a Senior Portfolio Manager of Red Cedar Investment Management, LLC and has served in that capacity since December 2018. Previously, he was the Director of Credit Research and Investment Risk Oversight for ClearArc Capital (a subsidiary of Fifth Third Bank). Prior to that, he served as the Director of Tax Free Fixed Income at Lyon Street Asset Management, a subsidiary of Old Kent Bank, which was acquired by Fifth Third Bank. He is a CFA® charterholder and member of the CFA Society West Michigan. Mr. Martin graduated from Michigan Technological University with a B.S. in Geological Engineering and received an MBA from Michigan State University.

John Cassady


Start Date

Tenure

Tenure Rank

Nov 15, 2019

0.79

0.8%

John L. Cassady III is the Director of Fixed Income for ClearArc Capital. He joined ClearArc Capital in 2001 and has 28 years of investment experience. Previously, John served as a Senior Portfolio Manager for ClearArc Capital. Before joining ClearArc Capital, he held a similar position at Lyon Street Asset Management, a subsidiary of Old Kent Bank, which was acquired by Fifth Third Bank. Prior to that, he was a fixed income portfolio manager at Atlantic Portfolio Analytics & Management (APAM) which has since been acquired by Semper Capital Management. He is a member of the CFA Society West Michigan. Mr. Cassady graduated from Georgia Institute of Technology with a B.S. in Industrial Management and is a CFA® charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 27.02 5.59 0.67