RCSTX: Red Cedar Short Term Bond Fund - MutualFunds.com
Continue to site >
Trending ETFs

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Red Cedar Short Term Bond Institutional

RCSTX - Snapshot

Vitals

  • YTD Return -0.6%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $119 M
  • Holdings in Top 10 16.8%

52 WEEK LOW AND HIGH

$10.05
$10.05
$10.22

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.46%

SALES FEES

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

BROKERAGE FEES

  • Turnover 127.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Compare RCSTX to Popular U.S. Short-Term Bond Duration Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$10.99

+0.09%

$78.83 B

1.64%

$0.18

-0.36%

0.20%

$82.38

-0.01%

$67.71 B

1.42%

$1.17

-0.63%

0.05%

$10.80

+0.09%

$67.71 B

-

$0.00

-0.64%

0.15%

$4.20

0.00%

$60.52 B

2.30%

$0.10

-0.24%

0.59%

$82.82

-0.06%

$47.88 B

1.82%

$1.51

-0.49%

0.05%

RCSTX - Profile

Distributions

  • YTD Total Return -0.6%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.64%
DIVIDENDS
  • Dividend Yield 1.8%
  • 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.


RCSTX - Performance

Return Ranking - Trailing

Period RCSTX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.6% -18.6% 98.5% 78.81%
1 Yr 1.4% -1.6% 22.7% 63.55%
3 Yr N/A* 1.0% 7.2% N/A
5 Yr N/A* 0.2% 6.0% N/A
10 Yr N/A* 0.2% 4.4% N/A

* Annualized

Return Ranking - Calendar

Period RCSTX Return Category Return Low Category Return High Rank in Category (%)
2020 1.2% -23.0% 206.3% 73.86%
2019 N/A -2.4% 6.6% N/A
2018 N/A -50.6% 1.0% N/A
2017 N/A -2.6% 3.0% N/A
2016 N/A -65.8% 10.9% N/A

Total Return Ranking - Trailing

Period RCSTX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.6% -18.6% 98.6% 78.31%
1 Yr 1.4% -6.5% 22.7% 54.35%
3 Yr N/A* -0.5% 7.2% N/A
5 Yr N/A* -0.6% 6.0% N/A
10 Yr N/A* 0.1% 4.4% N/A

* Annualized

Total Return Ranking - Calendar

Period RCSTX Return Category Return Low Category Return High Rank in Category (%)
2020 1.2% -23.0% 206.3% 73.86%
2019 N/A -2.3% 7.2% N/A
2018 N/A -4.2% 6.5% N/A
2017 N/A -2.6% 5.9% N/A
2016 N/A -65.2% 10.9% N/A

NAV & Total Return History


RCSTX - Holdings

Concentration Analysis

RCSTX Category Low Category High RCSTX % Rank
Net Assets 119 M 6.87 M 78.8 B 85.20%
Number of Holdings 139 3 4831 78.76%
Net Assets in Top 10 17 M -154 M 9.61 B 88.56%
Weighting of Top 10 16.77% 2.1% 100.0% 75.81%

Top 10 Holdings

  1. United States Treasury Notes 0.125% 2.26%
  2. United States Treasury Notes 0.625% 2.19%
  3. Federal Home Loan Mortgage Corporation 1.766% 1.60%
  4. Huntington National Bank of Ohio 2.5% 1.53%
  5. Marriott International, Inc. 3.125% 1.50%
  6. Bank Of Montreal 2.9% 1.49%
  7. Goldman Sachs Group, Inc. 3% 1.48%
  8. Twdc Enterprises 18 Corp 1.65% 1.48%
  9. UBS-Barclays Commercial Mortgage Trust 2012-C3 3.091% 1.47%
  10. American Express Credit Account Master Trust 2.67% 1.41%

Asset Allocation

Weighting Return Low Return High RCSTX % Rank
Bonds
96.02% 38.97% 128.29% 24.18%
Convertible Bonds
3.08% 0.00% 37.57% 35.13%
Cash
2.19% -41.77% 60.56% 69.28%
Stocks
0.00% -0.04% 8.15% 34.97%
Preferred Stocks
0.00% 0.00% 26.78% 39.87%
Other
-1.28% -4.43% 19.42% 98.20%

Bond Sector Breakdown

Weighting Return Low Return High RCSTX % Rank
Securitized
55.29% 0.00% 95.79% 5.07%
Corporate
37.57% 0.00% 100.00% 57.03%
Government
4.39% 0.00% 79.60% 77.45%
Cash & Equivalents
2.16% 0.00% 60.56% 80.39%
Municipal
0.59% 0.00% 19.99% 18.46%
Derivative
0.00% 0.00% 25.31% 38.73%

Bond Geographic Breakdown

Weighting Return Low Return High RCSTX % Rank
US
85.96% -8.03% 123.04% 19.93%
Non US
10.06% 0.00% 76.49% 63.40%

RCSTX - Expenses

Operational Fees

RCSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.46% 0.01% 2.47% 68.49%
Management Fee 0.30% 0.00% 1.19% 37.34%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

RCSTX 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 0.50% 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 127.00% 0.00% 496.37% 70.73%

RCSTX - Distributions

Dividend Yield Analysis

RCSTX Category Low Category High RCSTX % Rank
Dividend Yield 1.76% 0.00% 1.40% 29.69%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

RCSTX Category Low Category High RCSTX % Rank
Net Income Ratio 1.64% -9.96% 65.00% 55.12%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

RCSTX - Fund Manager Analysis

Managers

Patricia Younker


Start Date

Tenure

Tenure Rank

Nov 15, 2019

1.62

1.6%

Patricia Younker is a Partner, Senior Portfolio Manager for Red Cedar Investment Management. She started in the industry in 1987 and joined Red Cedar in 2018. She is responsible for the management of Tax-Exempt and Taxable Fixed Income accounts. Prior to joining Red Cedar Investment Management, she held a similar position at ClearArc Capital from 2001- 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

1.62

1.6%

Jason M. Schwartz is a Partner, Senior Portfolio Manager for Red Cedar Investment Management. He started in the industry in 2004 and joined Red Cedar in 2018. Prior to joining Red Cedar, he served in various roles at ClearArc Capital including his latest position as Senior Portfolio Manager. His responsibilities comprised several investment strategies over time including multi-sector, Core Plus Fixed Income, Core Fixed Income and Intermediate Government Credit Fixed Income. In addition, Mr. Schwartz was head of securitized products research and trading responsible for oversight of the firm’s entire Asset-Backed Securities (ABS), Mortgage-Backed Securities (MBS) and Commercial Mortgage-Backed Securities (CMBS) portfolio. He also supported the risk management function by providing the firm with derivatives and hedging analysis. 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

1.62

1.6%

Michael J. Martin is a Partner, Senior Portfolio Manager for Red Cedar Investment Management. He started in the industry in 1994 and joined Red Cedar in 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

1.62

1.6%

John L. Cassady III is Managing Partner, Chief Executive Officer and Chief Investment Officer for Red Cedar Investment Management. He started in the industry in 1987 and joined Red Cedar in 2018. Prior to that, he was an investment professional for ClearArc Capital where he served in varying roles from 2001- 2018, including Director of Fixed Income and Senior Portfolio Manager. While at ClearArc Capital, Mr. Cassady managed Core Fixed Income, Core Plus Fixed Income, Asset Allocation and a multi-sector low correlation strategy. 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 (an affiliated company of ClearArc Capital). Previously, 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 CFA® charterholder and member of the CFA Society West Michigan. Mr. Cassady graduated from Georgia Institute of Technology with a B.S. in Industrial Management.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.42 5.79 1.5