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Mutual Funds Weekly Roundup: August 2
Brian Mathews
|
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The fund normally invests at least 80% of its assets in floating rate loans and other floating rate investments. Park Avenue Institutional Advisers LLC, the fund's sub-adviser, expects that most or all of the investments held by the fund will typically be below investment grade. It may invest up to 100% of its assets in obligations of foreign issuers, including sovereign and private issuers. The fund may enter into foreign currency exchange transactions in order to hedge against adverse changes in the values of currencies in which those obligations are denominated.
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| Period | RSFCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -7.5% | -100.0% | 0.0% | 58.14% |
| 1 Yr | -7.3% | -100.0% | 0.1% | 49.22% |
| 3 Yr | -3.3%* | -7.5% | -0.3% | 55.61% |
| 5 Yr | N/A* | -5.5% | -0.2% | 12.14% |
| 10 Yr | N/A* | -2.0% | 0.2% | 17.00% |
* Annualized
| Period | RSFCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 3.1% | -8.1% | 5.7% | 39.29% |
| 2018 | -4.9% | -12.2% | 0.1% | 59.49% |
| 2017 | -1.1% | -2.7% | 2.5% | 85.25% |
| 2016 | N/A | -0.4% | 12.9% | N/A |
| 2015 | N/A | -12.5% | -0.8% | N/A |
| Period | RSFCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -7.5% | -100.0% | 0.0% | 58.14% |
| 1 Yr | -7.3% | -100.0% | 0.1% | 49.22% |
| 3 Yr | -3.3%* | -7.5% | 1.6% | 65.02% |
| 5 Yr | N/A* | -5.5% | 1.6% | 11.17% |
| 10 Yr | N/A* | -2.0% | 2.2% | 16.00% |
* Annualized
| Period | RSFCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 3.1% | -8.1% | 5.7% | 40.87% |
| 2018 | -4.9% | -12.2% | 2.5% | 69.20% |
| 2017 | -1.1% | -2.5% | 7.2% | 87.56% |
| 2016 | N/A | -0.1% | 12.9% | N/A |
| 2015 | N/A | -12.5% | 1.6% | N/A |
| RSFCX | Category Low | Category High | RSFCX % Rank | |
|---|---|---|---|---|
| Net Assets | 492 M | 10.9 M | 7.47 B | 58.20% |
| Number of Holdings | 119 | 32 | 1111 | 93.46% |
| Net Assets in Top 10 | 61.7 M | -99.6 M | 922 M | 55.38% |
| Weighting of Top 10 | 13.88% | 6.6% | 66.7% | 37.31% |
| Weighting | Return Low | Return High | RSFCX % Rank | |
|---|---|---|---|---|
| Bonds | 95.20% | 85.48% | 146.79% | 46.54% |
| Cash | 4.80% | -46.85% | 12.63% | 49.23% |
| Stocks | 0.00% | 0.00% | 2.41% | 85.77% |
| Preferred Stocks | 0.00% | 0.00% | 0.69% | 62.31% |
| Other | 0.00% | -4.91% | 4.24% | 75.77% |
| Convertible Bonds | 0.00% | 0.00% | 5.08% | 66.92% |
| Weighting | Return Low | Return High | RSFCX % Rank | |
|---|---|---|---|---|
| Corporate | 95.20% | 0.00% | 99.87% | 37.69% |
| Cash & Equivalents | 4.80% | 0.00% | 69.22% | 50.00% |
| Derivative | 0.00% | 0.00% | 22.15% | 61.92% |
| Securitized | 0.00% | 0.00% | 98.91% | 79.23% |
| Municipal | 0.00% | 0.00% | 97.06% | 59.62% |
| Government | 0.00% | 0.00% | 46.99% | 61.15% |
| Weighting | Return Low | Return High | RSFCX % Rank | |
|---|---|---|---|---|
| US | 87.94% | 37.59% | 98.91% | 13.85% |
| Non US | 7.26% | 0.00% | 101.81% | 86.54% |
| RSFCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.92% | 0.01% | 27.10% | 13.13% |
| Management Fee | 0.65% | 0.00% | 1.00% | 72.20% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 84.72% |
| Administrative Fee | N/A | 0.03% | 0.40% | N/A |
| RSFCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 2.00% | 0.75% | 5.00% | 94.34% |
| Deferred Load | 1.00% | 1.00% | 5.00% | 52.17% |
| RSFCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
| RSFCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 35.00% | 5.00% | 209.00% | 39.23% |
| RSFCX | Category Low | Category High | RSFCX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.53% | 0.00% | 4.67% | 6.56% |
| RSFCX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
| RSFCX | Category Low | Category High | RSFCX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.60% | 1.40% | 10.03% | 68.73% |
| RSFCX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Annually | Annually | Annually | Annually |
| Date | Amount |
|---|---|
| Jul 31, 2019 | $0.046 |
| Jun 28, 2019 | $0.041 |
| May 31, 2019 | $0.042 |
| Apr 30, 2019 | $0.040 |
| Mar 29, 2019 | $0.041 |
| Feb 28, 2019 | $0.037 |
| Jan 31, 2019 | $0.041 |
| Dec 31, 2018 | $0.039 |
| Nov 30, 2018 | $0.037 |
| Oct 31, 2018 | $0.040 |
| Aug 31, 2018 | $0.036 |
| Jul 31, 2018 | $0.037 |
| Jun 29, 2018 | $0.035 |
| May 31, 2018 | $0.038 |
| Apr 30, 2018 | $0.037 |
| Mar 29, 2018 | $0.038 |
| Feb 28, 2018 | $0.031 |
| Jan 31, 2018 | $0.036 |
| Dec 29, 2017 | $0.037 |
| Nov 30, 2017 | $0.035 |
| Oct 31, 2017 | $0.037 |
| Sep 29, 2017 | $0.033 |
| Aug 31, 2017 | $0.031 |
| Jul 31, 2017 | $0.029 |
| Jun 30, 2017 | $0.035 |
| May 31, 2017 | $0.037 |
| Apr 28, 2017 | $0.034 |
| Mar 31, 2017 | $0.026 |
| Feb 28, 2017 | $0.027 |
| Jan 31, 2017 | $0.029 |
| Dec 30, 2016 | $0.030 |
| Nov 30, 2016 | $0.027 |
| Oct 31, 2016 | $0.029 |
| Sep 30, 2016 | $0.026 |
| Aug 31, 2016 | $0.031 |
Start Date
Tenure
Tenure Rank
Dec 31, 2009
10.5
10.5%
Kevin Booth has been a co-portfolio manager. Kevin has been a managing director of Guardian Life since November 2009. Within the high yield and corporate loan portfolio management team, he is responsible for issuer and security selection for the Fund, as well as industry allocations. Prior to joining Guardian Life, Kevin was a managing director at BlackRock/Merrill Lynch Investment Managers, and was co-head of BlackRock’s leveraged finance business through January 2009, specializing in portfolios consisting of leveraged bank loans, high yield bonds, and distressed obligations. He joined Merrill Lynch Investment Managers in 1991. Kevin holds a B.A. in Economics from Harpur College, SUNY Binghamton, and an M.B.A. in Finance, from New York University. Kevin is a CFA Charterholder.
Start Date
Tenure
Tenure Rank
May 01, 2013
7.17
7.2%
John Blaney is a Senior Director and has been with Guardian Life since 2000. He has focused on corporate credit since 2003, and he has a particular expertise in bank loan and high yield bond analysis. Prior to 2003, he was a structured products analyst and trader. He also helps manage the fixed-income assets of Guardian Life. Prior to joining Guardian Life, John spent three years as an investment analyst at MetLife. John holds a B.S. in finance from Trenton State College and an M.B.A. from Seton Hall University. He has a Chartered Financial Analyst (CFA) designation, and he is a member of the CFA Institute and the New York Society of Security Analysts.
Start Date
Tenure
Tenure Rank
May 01, 2014
6.17
6.2%
Paul Gillin is a senior director and co-head of the high yield and loan portfolio management group at Guardian Life. Prior to joining Guardian in 2012, Mr. Gillin spent 13 years as a partner and high yield portfolio manager at Rogge Global Partners and its predecessor companies. Before that, he was vice president and portfolio manager with Saudi International Bank, where he participated in the initial development and management of collateralized bond obligation, collateralized loan obligation and leveraged high yield hedge fund products. Mr. Gillin also spent seven years as a managing director and portfolio manager at AIG Investment Advisers. Mr. Gillin is a CFA charterholder.
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.14 | 16.61 | 5.4 | 2.76 |
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