RFXCX: Rational Special Situations Income Fund

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

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

RFXCX Rational Special Situations Income Fund


Profile

RFXCX - Profile

Vitals

  • YTD Return -4.4%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $214 M
  • Holdings in Top 10 32.7%

52 WEEK LOW AND HIGH

$19.17
$17.84
$20.58

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.97%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 14.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return -4.4%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.47%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Rational Special Situations Income Fund
  • Fund Family Name
    Rational Funds
  • Inception Date
    Jul 17, 2019
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Eric Meyer

Fund Description

The fund seeks to achieve its investment objective by primarily investing in agency and non-agency residential and commercial mortgage-backed securities, with a focus on non-agency residential mortgage-backed securities. It does not limit its investments to a particular credit quality and may invest without limitation in debt securities rated below investment grade (commonly referred to as "junk" bonds). The fund is non-diversified.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Performance

RFXCX - Performance

Return Ranking - Trailing

Period RFXCX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.4% -55.0% 5.0% 35.11%
1 Yr N/A -55.2% 10.9% N/A
3 Yr N/A* -38.4% 4.9% N/A
5 Yr N/A* -32.2% 16.7% N/A
10 Yr N/A* -5.2% 0.8% N/A

* Annualized

Return Ranking - Calendar

Period RFXCX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -35.1% 15.3% N/A
2018 N/A -48.0% 0.8% N/A
2017 N/A -14.8% 11.2% N/A
2016 N/A -11.2% 19.1% N/A
2015 N/A -51.1% 4.0% N/A

Total Return Ranking - Trailing

Period RFXCX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.4% -55.0% 5.0% 35.11%
1 Yr N/A -55.2% 6.2% N/A
3 Yr N/A* -38.4% 3.4% N/A
5 Yr N/A* -32.2% 16.7% N/A
10 Yr N/A* -5.2% 5.4% N/A

* Annualized

Total Return Ranking - Calendar

Period RFXCX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -35.1% 15.3% N/A
2018 N/A -48.0% 4.8% N/A
2017 N/A -14.8% 14.0% N/A
2016 N/A -11.2% 22.5% N/A
2015 N/A -51.1% 4.0% N/A

NAV & Total Return History


Holdings

RFXCX - Holdings

Concentration Analysis

RFXCX Category Low Category High RFXCX % Rank
Net Assets 214 M 6.88 M 114 B 70.18%
Number of Holdings 281 6 7410 62.96%
Net Assets in Top 10 58.7 M -41 B 5.37 B 56.13%
Weighting of Top 10 32.71% 4.3% 214.0% 38.14%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High RFXCX % Rank
Bonds
93.99% 36.67% 233.78% 33.43%
Cash
6.01% -144.73% 60.85% 41.88%
Stocks
0.00% -0.56% 27.98% 71.39%
Preferred Stocks
0.00% 0.00% 51.94% 70.94%
Other
0.00% -24.69% 32.43% 51.85%
Convertible Bonds
0.00% 0.00% 15.09% 88.03%

Bond Sector Breakdown

Weighting Return Low Return High RFXCX % Rank
Securitized
93.96% 0.00% 99.22% 2.56%
Cash & Equivalents
6.01% 0.17% 59.29% 57.26%
Corporate
0.03% 0.00% 92.34% 95.16%
Derivative
0.00% -0.44% 41.70% 57.55%
Municipal
0.00% 0.00% 37.30% 52.42%
Government
0.00% 0.00% 99.82% 93.73%

Bond Geographic Breakdown

Weighting Return Low Return High RFXCX % Rank
US
93.19% 19.65% 233.33% 11.68%
Non US
0.80% -74.15% 71.00% 90.03%

Expenses

RFXCX - Expenses

Operational Fees

RFXCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.97% 0.06% 24.26% 6.51%
Management Fee 1.50% 0.00% 2.25% 95.00%
12b-1 Fee 1.00% 0.00% 1.00% 81.03%
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

RFXCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load 1.00% 1.00% 5.50% 33.96%

Trading Fees

RFXCX 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.

RFXCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.00% 0.00% 472.00% 4.29%

Distributions

RFXCX - Distributions

Dividend Yield Analysis

RFXCX Category Low Category High RFXCX % Rank
Dividend Yield 0.17% 0.00% 4.97% 22.99%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

RFXCX Category Low Category High RFXCX % Rank
Net Income Ratio 2.47% 1.07% 10.10% 94.97%

Capital Gain Distribution Analysis

RFXCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Dividend Payout History

View More +

Fund Manager Analysis

RFXCX - Fund Manager Analysis

Managers

Eric Meyer


Start Date

Tenure

Tenure Rank

Jul 17, 2019

0.79

0.8%

Eric S. Meyer has been working in finance since 1995 and he founded ESM Management LLC in January 2009. From 1997 through 2008, Dr. Meyer worked at Susquehanna International Group. His primary responsibilities included building and managing the emerging markets bond trading group, building and managing a fixed income arbitrage group, creating and managing tax-advantaged trading strategies, and trading and investing in mortgage-backed securities. From 1995 through 1997, he was a quantitative researcher in the fixed income relative value arbitrage group at D. E. Shaw & Co., a hedge fund based in New York. Before entering the financial field, Dr. Meyer was a physicist at the National Institute of Standards and Technology in Gaithersburg, MD. He received both his A.B. degree and Ph.D. degree in Physics from Harvard University.

William Van de Water


Start Date

Tenure

Tenure Rank

Jul 17, 2019

0.79

0.8%

William R. Van de Water has been working in finance since 2005. Mr. Van de Water joined ESM Management LLC as a residential mortgage-backed securities analyst and trader in June 2009 and became a managing director in December 2009. In 2014, Mr. Van de Water became a co-portfolio manager at ESM Management LLC. From 2005 through March 2009, Mr. Van de Water worked in the Boston office of Susquehanna International Group. His primary responsibility was to analyze and trade mortgage-backed securities. Mr. Van de Water earned joint B.S. degrees in Physics, Business, Economics, and Management from the California Institute of Technology in 2005.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 28.98 5.69 5.33