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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

Rimrock Core Bond Fund

RMRKX | Fund

$8.27

$6.02 M

0.00%

0.65%

Vitals

YTD Return

0.2%

1 yr return

-17.8%

3 Yr Avg Return

-6.8%

5 Yr Avg Return

N/A

Net Assets

$6.02 M

Holdings in Top 10

53.6%

52 WEEK LOW AND HIGH

$8.3
$8.24
$10.10

Expenses

OPERATING FEES

Expense Ratio 0.65%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 61.20%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$5,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

Rimrock Core Bond Fund

RMRKX | Fund

$8.27

$6.02 M

0.00%

0.65%

RMRKX - Profile

Distributions

  • YTD Total Return 0.2%
  • 3 Yr Annualized Total Return -6.8%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.87%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Rimrock Core Bond Fund
  • Fund Family Name
    Rimrock Capital Management LLC
  • Inception Date
    Jul 01, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jesse Brettingen

Fund Description

The Fund pursues its objective by investing, under normal circumstances, at least 80% of its net assets (plus borrowings for investment purposes) in a diversified portfolio of fixed income securities with varying maturities, issued by domestic and foreign entities. The Fund will use the Bloomberg U.S. Aggregate Bond Index (the “U.S. Aggregate Index”) as its benchmark and will seek to outperform the performance of that index.

Under normal conditions, the Fund’s target portfolio duration will be plus or minus two years from that of the U.S. Aggregate Index. Duration is a measure of the expected life of a fixed income security that is used to determine the sensitivity of a security’s price to changes in interest rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates. For example, the price of a bond fund with an average duration of three years generally would be expected to fall approximately 3% if interest rates rose by one percentage point.

The Fund invests in the U.S. and abroad, including in emerging market countries. The Fund may invest up to 30% of its assets in securities denominated in foreign currencies, and may invest beyond this limit in U.S. dollar-denominated securities of foreign issuers.

The Fund will seek to maintain a market value weighted average credit rating of “A-”. Up to 25% of the Fund’s net assets may be invested in securities rated below investment grade (such securities are considered speculative and are often called “junk bonds”) by Moody’s Investors Service, Inc. (“Moody’s”), Standard & Poor’s Ratings Services (“S&P”) or Fitch, Inc. (“Fitch”), or, if unrated, as determined to be of comparable quality by the Adviser. There is no bottom limit on the ratings of securities that may be purchased or held by the Fund, and the Fund may also invest in loans and debt securities of distressed issuers or issuers in default at the time of purchase. The Fund will not invest more than 15% of its net assets in illiquid securities.

The Adviser will focus the Fund’s portfolio holdings in areas of the bond market that it believes are relatively undervalued and offer attractive prospective risk-adjusted returns compared to other segments of the bond market. The Fund’s portfolio may include various types of bonds and debt securities, including corporate bonds, notes, mortgage-related and asset-backed securities (including collateralized debt obligations, which in turn include collateralized bond obligations and collateralized loan obligations), bank loans, U.S. and non-U.S. money-market securities, municipal securities, derivatives (including options, futures, and swaps), private placements and restricted securities. These investments may have interest rates that are fixed, variable or floating.

The Fund may use derivatives, including futures, options and swaps, to hedge investments, for risk management, or to increase income or gains for the Fund. The Fund may also seek to obtain market exposure to the securities in which it invests by entering into repurchase agreements and reverse repurchase agreements, or by using other investment techniques. The Fund may regularly short sell up to 25% of the value of its total assets.

The Fund’s investment objective is not fundamental and may be changed by the Board of Trustees without shareholder approval.

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RMRKX - Performance

Return Ranking - Trailing

Period RMRKX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -50.1% 8.6% 93.61%
1 Yr -17.8% -29.8% 145.0% 98.79%
3 Yr -6.8%* -13.1% 105.6% 95.88%
5 Yr N/A* -9.7% 55.6% N/A
10 Yr N/A* -7.2% 12.7% N/A

* Annualized

Return Ranking - Calendar

Period RMRKX Return Category Return Low Category Return High Rank in Category (%)
2022 -19.5% -75.2% 1360.6% 94.92%
2021 -0.7% -14.5% 1027.9% 6.54%
2020 0.9% -9.6% 118.7% 72.23%
2019 N/A -11.4% 5.8% N/A
2018 N/A -49.5% 12.4% N/A

Total Return Ranking - Trailing

Period RMRKX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -50.1% 8.6% 93.61%
1 Yr -17.8% -29.8% 145.0% 98.79%
3 Yr -6.8%* -13.1% 105.6% 95.88%
5 Yr N/A* -9.7% 55.6% N/A
10 Yr N/A* -7.2% 13.4% N/A

* Annualized

Total Return Ranking - Calendar

Period RMRKX Return Category Return Low Category Return High Rank in Category (%)
2022 -19.5% -75.2% 131.9% 94.92%
2021 -0.7% -14.5% 1027.9% 6.64%
2020 0.9% -9.6% 118.7% 72.23%
2019 N/A -11.4% 5.8% N/A
2018 N/A -7.0% 12.4% N/A

NAV & Total Return History


RMRKX - Holdings

Concentration Analysis

RMRKX Category Low Category High RMRKX % Rank
Net Assets 6.02 M 1.19 M 287 B 99.54%
Number of Holdings 146 1 17234 87.90%
Net Assets in Top 10 3.23 M -106 M 27.6 B 95.21%
Weighting of Top 10 53.63% 3.7% 100.0% 13.76%

Top 10 Holdings

  1. Sep 21 10 Yr Sep 21 25.70%
  2. Sep 21 10 Yr Sep 21 25.70%
  3. Sep 21 10 Yr Sep 21 25.70%
  4. Sep 21 10 Yr Sep 21 25.70%
  5. Sep 21 10 Yr Sep 21 25.70%
  6. Sep 21 10 Yr Sep 21 25.70%
  7. Sep 21 10 Yr Sep 21 25.70%
  8. Sep 21 10 Yr Sep 21 25.70%
  9. Sep 21 10 Yr Sep 21 25.70%
  10. Sep 21 10 Yr Sep 21 25.70%

Asset Allocation

Weighting Return Low Return High RMRKX % Rank
Bonds
127.86% 3.97% 268.18% 3.87%
Stocks
0.00% -0.98% 24.74% 47.52%
Preferred Stocks
0.00% 0.00% 77.13% 50.32%
Other
0.00% -13.23% 23.06% 28.46%
Convertible Bonds
0.00% 0.00% 10.39% 89.43%
Cash
-27.86% -181.13% 95.99% 95.93%

Bond Sector Breakdown

Weighting Return Low Return High RMRKX % Rank
Securitized
60.21% 0.00% 98.79% 7.59%
Government
24.56% 0.00% 86.23% 48.15%
Corporate
11.72% 0.00% 100.00% 90.79%
Cash & Equivalents
3.51% 0.00% 95.99% 59.26%
Derivative
0.00% 0.00% 25.16% 50.23%
Municipal
0.00% 0.00% 100.00% 79.04%

Bond Geographic Breakdown

Weighting Return Low Return High RMRKX % Rank
US
127.31% 3.63% 210.09% 2.71%
Non US
0.55% -6.54% 58.09% 93.13%

RMRKX - Expenses

Operational Fees

RMRKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.65% 0.01% 2.93% 42.54%
Management Fee 0.30% 0.00% 1.76% 29.31%
12b-1 Fee 0.25% 0.00% 1.00% 29.96%
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

RMRKX 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

RMRKX 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.

RMRKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 61.20% 2.00% 493.39% 24.37%

RMRKX - Distributions

Dividend Yield Analysis

RMRKX Category Low Category High RMRKX % Rank
Dividend Yield 0.00% 0.00% 24.63% 9.57%

Dividend Distribution Analysis

RMRKX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

RMRKX Category Low Category High RMRKX % Rank
Net Income Ratio 2.87% -1.28% 8.97% 4.26%

Capital Gain Distribution Analysis

RMRKX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

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RMRKX - Fund Manager Analysis

Managers

Jesse Brettingen


Start Date

Tenure

Tenure Rank

Jul 01, 2019

2.92

2.9%

Jesse joined Rimrock in 2011 and is the Head of the Structured Products Team, with a focus on commercial mortgage-backed securities (“CMBS”) and CLOs. Previously, Jesse was a Vice President and Portfolio Manager at PIMCO, where he was a key member of their CMBS team. Prior to his time at PIMCO, Jesse worked at Cargill, where he was a member of their agricultural and energy trading group. Jesse received his BA in Mathematics and Economics from Dartmouth College and MBA from Harvard University.

Erik Wayda


Start Date

Tenure

Tenure Rank

Jul 01, 2019

2.92

2.9%

Wayda joined Drake in 2004. Prior to joining Drake, he spent nearly eight years at The Prudential Insurance Company of America, where he was a vice president specializing in ABS products across several industries and led specialist teams in the analysis, origination and continued surveillance of ABS investments.

Ryan Rattet


Start Date

Tenure

Tenure Rank

Jul 01, 2019

2.92

2.9%

Ryan joined Rimrock in 2008, and is a senior member of the Structured Products Team with a focus on mortgage derivatives. Prior to Rimrock, Ryan was an investment analyst for the Investment Consulting Group at Bear Stearns. Ryan received a BS in Economics from Duke University and an MBA from the University of Chicago Booth School of Business.

Tenure Analysis

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