RMRKX: Rimrock Core Bond Fund

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RMRKX Rimrock Core Bond Fund


Profile

RMRKX - Profile

Vitals

  • YTD Return 3.3%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $5.66 M
  • Holdings in Top 10 33.0%

52 WEEK LOW AND HIGH

$10.45
$9.55
$10.71

Expenses

OPERATING RELATED FEES

  • Expense Ratio 5.56%

SALES FEES

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

BROKERAGE FEES

  • Turnover 151.93%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $5,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 3.3%
  • 3 Yr Annualized Total Return N/A
  • 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. Under normal conditions, the fund's target portfolio duration will be plus or minus two years from that of the U.S. Aggregate Index. It invests in the U.S. and abroad, including in emerging market countries.


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Categories

Performance

RMRKX - Performance

Return Ranking - Trailing

Period RMRKX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -11.2% 328.8% 83.13%
1 Yr 2.3% -9.0% 322.7% 83.00%
3 Yr N/A* -7.2% 63.2% N/A
5 Yr N/A* -5.9% 34.0% N/A
10 Yr N/A* -4.8% 15.7% N/A

* Annualized

Return Ranking - Calendar

Period RMRKX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -1.3% 13.9% N/A
2018 N/A -10.3% 2.7% N/A
2017 N/A -2.2% 8.1% N/A
2016 N/A -22.1% 192.8% N/A
2015 N/A -12.2% -0.4% N/A

Total Return Ranking - Trailing

Period RMRKX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -11.2% 328.8% 83.13%
1 Yr 2.3% -9.0% 322.7% 83.00%
3 Yr N/A* -7.2% 63.2% N/A
5 Yr N/A* -5.9% 34.8% N/A
10 Yr N/A* -4.8% 16.3% N/A

* Annualized

Total Return Ranking - Calendar

Period RMRKX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -1.2% 13.9% N/A
2018 N/A -10.3% 3.9% N/A
2017 N/A -2.2% 8.4% N/A
2016 N/A -22.1% 204.3% N/A
2015 N/A -12.2% 3.7% N/A

NAV & Total Return History


Holdings

RMRKX - Holdings

Concentration Analysis

RMRKX Category Low Category High RMRKX % Rank
Net Assets 5.66 M 3.16 M 288 B 98.37%
Number of Holdings 104 10 18180 90.16%
Net Assets in Top 10 1.87 M -1.2 B 39.4 B 96.49%
Weighting of Top 10 32.97% 7.5% 100.0% 39.57%

Top 10 Holdings

  1. Federal National Mortgage Association 3% 4.03%
  2. Federal National Mortgage Association 3.5% 3.65%
  3. Federal Home Loan Mortgage Corporation 1.1% 3.63%
  4. United States Treasury Notes 0.38% 3.55%
  5. Northern Institutional Treasury Premier 3.50%
  6. FHLMC Pc Prepay Prm 30 1.06% 3.32%
  7. FHLMC Pc Prepay Prm 30 1.02% 3.22%
  8. CWABS Inc. 0.45% 2.76%
  9. Federal National Mortgage Association 4% 2.74%
  10. Government National Mortgage Association 6.04% 2.56%

Asset Allocation

Weighting Return Low Return High RMRKX % Rank
Bonds
95.64% -67.87% 231.56% 35.05%
Cash
4.36% -137.69% 173.81% 48.24%
Stocks
0.00% 0.00% 12.20% 28.27%
Preferred Stocks
0.00% 0.00% 79.92% 41.22%
Other
0.00% -7.84% 7.38% 22.95%
Convertible Bonds
0.00% 0.00% 4.38% 91.33%

Bond Sector Breakdown

Weighting Return Low Return High RMRKX % Rank
Securitized
77.96% 0.00% 89.23% 1.41%
Corporate
12.81% 0.00% 84.33% 93.68%
Government
4.87% 0.00% 84.96% 94.61%
Cash & Equivalents
4.36% 0.00% 60.23% 54.80%
Derivative
0.00% -0.83% 26.28% 48.48%
Municipal
0.00% 0.00% 27.42% 77.28%

Bond Geographic Breakdown

Weighting Return Low Return High RMRKX % Rank
US
93.97% -68.10% 239.68% 12.18%
Non US
1.67% -140.55% 78.28% 94.15%

Expenses

RMRKX - Expenses

Operational Fees

RMRKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 5.56% 0.01% 18.96% 1.21%
Management Fee 0.30% 0.00% 1.00% 23.94%
12b-1 Fee 0.25% 0.00% 1.00% 22.27%
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 1.50% 4.75% N/A
Deferred Load N/A 1.00% 5.00% 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 151.93% 3.00% 449.00% 58.93%

Distributions

RMRKX - Distributions

Dividend Yield Analysis

RMRKX Category Low Category High RMRKX % Rank
Dividend Yield 0.00% 0.00% 3.41% 17.44%

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% 0.45% 11.28% 31.48%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

RMRKX - Fund Manager Analysis

Managers

Jesse Brettingen


Start Date

Tenure

Tenure Rank

Jul 01, 2019

1.17

1.2%

Julian Maldonado


Start Date

Tenure

Tenure Rank

Jul 01, 2019

1.17

1.2%

Julian joined Rimrock in 2013 as an Analyst on the Credit Team. Previously, he worked at Barclays as a desk analyst in Distressed and Special Situations Credit. Coverage responsibilities included distressed or liquidating financials, monolines, and mortgage insurers. Julian graduated cum laude with a BA in Economics, Politics, and Philosophy from the University of Pennsylvania.

Erik Wayda


Start Date

Tenure

Tenure Rank

Jul 01, 2019

1.17

1.2%

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

1.17

1.2%

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 31.68 6.57 4.46