Rational Income Opportunities C
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
2.0%
1 yr return
4.5%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$5.78 M
Holdings in Top 10
40.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 6.78%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 43.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
RTFCX - Profile
Distributions
- YTD Total Return 2.0%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.80%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameRational Income Opportunities Fund
-
Fund Family NameRational Funds
-
Inception DateApr 23, 2018
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerEvan Kurtz
Fund Description
RTFCX - Performance
Return Ranking - Trailing
Period | RTFCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.0% | -50.0% | 268.1% | 88.11% |
1 Yr | 4.5% | -64.8% | 268.1% | 21.18% |
3 Yr | N/A* | -100.0% | 115.6% | N/A |
5 Yr | N/A* | -100.0% | 58.6% | N/A |
10 Yr | N/A* | -12.1% | 26.2% | N/A |
* Annualized
Return Ranking - Calendar
Period | RTFCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -100.0% | 73.0% | N/A |
2022 | N/A | -76.0% | 212.6% | N/A |
2021 | N/A | -65.0% | 900.0% | N/A |
2020 | N/A | -87.3% | 336.8% | N/A |
2019 | N/A | -60.1% | 304.1% | N/A |
Total Return Ranking - Trailing
Period | RTFCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.0% | -50.0% | 268.1% | 88.36% |
1 Yr | 3.5% | -64.8% | 268.1% | 32.88% |
3 Yr | N/A* | -100.0% | 115.6% | N/A |
5 Yr | N/A* | -100.0% | 58.6% | N/A |
10 Yr | N/A* | -12.1% | 26.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | RTFCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -100.0% | 76.6% | N/A |
2022 | N/A | -30.7% | 212.6% | N/A |
2021 | N/A | -65.0% | 900.0% | N/A |
2020 | N/A | -87.3% | 341.1% | N/A |
2019 | N/A | -60.1% | 304.1% | N/A |
RTFCX - Holdings
Concentration Analysis
RTFCX | Category Low | Category High | RTFCX % Rank | |
---|---|---|---|---|
Net Assets | 5.78 M | 10 | 804 B | 92.88% |
Number of Holdings | 39 | 1 | 17333 | 72.19% |
Net Assets in Top 10 | 1.99 M | -7.11 B | 145 B | 90.97% |
Weighting of Top 10 | 40.46% | 0.0% | 20474.3% | 41.98% |
Top 10 Holdings
- Impac CMB Trust 4% 6.54%
- GS MORTGAGE SECURITIES CORP 4.69% 4.98%
- GS MORTGAGE SECURITIES TRUST 4.52% 4.62%
- Commercial Mortgage Trust 3.7% 3.95%
- J.P. Morgan Chase Commercial Mortgage Securities Trust 5.15% 3.77%
- COMM 2012-CCRE1 Mortgage Trust 4.61% 3.67%
- Wells Fargo Coml Tr 2016-C33 3.12% 3.44%
- Morgan Stanley Bank of America Merrill Lynch Trust 2013-C10 4.08% 3.28%
- GS Mtg Secs Tr 5.64% 3.13%
- GS Mortgage Securities Trust 2014-G 4.99% 3.09%
Asset Allocation
Weighting | Return Low | Return High | RTFCX % Rank | |
---|---|---|---|---|
Bonds | 75.67% | -955.59% | 2458.15% | 25.26% |
Cash | 24.93% | -2458.20% | 7388.76% | 8.34% |
Stocks | 1.28% | -142.98% | 259.25% | 70.56% |
Preferred Stocks | 0.00% | -21.20% | 80.89% | 34.00% |
Convertible Bonds | 0.00% | -0.37% | 144.58% | 40.32% |
Other | -1.88% | -7288.76% | 493.15% | 97.86% |
Stock Sector Breakdown
Weighting | Return Low | Return High | RTFCX % Rank | |
---|---|---|---|---|
Real Estate | 1.28% | -8.52% | 100.26% | 62.28% |
Utilities | 0.00% | -3.80% | 94.95% | 71.03% |
Technology | 0.00% | -26.81% | 99.57% | 85.63% |
Industrials | 0.00% | -19.53% | 93.31% | 88.24% |
Healthcare | 0.00% | -15.38% | 100.00% | 83.78% |
Financial Services | 0.00% | -7.59% | 99.69% | 85.48% |
Energy | 0.00% | -6.25% | 144.83% | 81.42% |
Communication Services | 0.00% | -9.27% | 90.02% | 75.16% |
Consumer Defense | 0.00% | -7.54% | 98.24% | 81.80% |
Consumer Cyclical | 0.00% | -20.80% | 87.44% | 87.80% |
Basic Materials | 0.00% | -5.18% | 96.19% | 81.23% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | RTFCX % Rank | |
---|---|---|---|---|
US | 1.28% | -142.98% | 149.27% | 64.51% |
Non US | 0.00% | -38.73% | 159.65% | 71.18% |
Bond Sector Breakdown
Weighting | Return Low | Return High | RTFCX % Rank | |
---|---|---|---|---|
Securitized | 75.38% | -24.16% | 264.51% | 1.29% |
Cash & Equivalents | 25.09% | -2458.20% | 7388.76% | 8.36% |
Government | 0.13% | -3298.93% | 2458.15% | 42.47% |
Derivative | 0.00% | -511.61% | 54.22% | 17.49% |
Corporate | 0.00% | -46.36% | 3345.86% | 55.04% |
Municipal | 0.00% | 0.00% | 165.37% | 35.62% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | RTFCX % Rank | |
---|---|---|---|---|
US | 75.67% | -955.59% | 2458.15% | 19.09% |
Non US | 0.00% | -153.97% | 464.75% | 52.56% |
RTFCX - Expenses
Operational Fees
RTFCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 6.78% | -2.86% | 950.64% | 6.17% |
Management Fee | 1.50% | 0.00% | 2.87% | 97.67% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 88.04% |
Administrative Fee | N/A | 0.00% | 52000.00% | N/A |
Sales Fees
RTFCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 25.00% | N/A |
Deferred Load | 1.00% | 0.25% | 5.50% | 19.97% |
Trading Fees
RTFCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 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.
RTFCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 43.00% | 0.00% | 5067.00% | 46.81% |
RTFCX - Distributions
Dividend Yield Analysis
RTFCX | Category Low | Category High | RTFCX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 84.51% | 40.58% |
Dividend Distribution Analysis
RTFCX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annually | Monthly | Annually |
Net Income Ratio Analysis
RTFCX | Category Low | Category High | RTFCX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.80% | -46.00% | 10.88% | 44.29% |
Capital Gain Distribution Analysis
RTFCX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2019 | $0.011 | |
Feb 27, 2019 | $0.012 | |
Jan 30, 2019 | $0.022 | |
Dec 28, 2018 | $0.030 | |
Nov 29, 2018 | $0.020 | |
Oct 30, 2018 | $0.011 | |
Sep 27, 2018 | $0.042 | |
Aug 30, 2018 | $0.020 | |
Jul 30, 2018 | $0.011 |
RTFCX - Fund Manager Analysis
Managers
Evan Kurtz
Start Date
Tenure
Tenure Rank
Jun 27, 2017
1.84
1.8%
Mr. Kurtz is a Partner and Portfolio Manager of Cicero since 2015. Prior to joining Cicero, Mr. Kurtz was a Principal at American Capital from (2006-2015) and an Associate Director in KPMG’s structured finance group from (2001-2005). Mr. Kurtz graduated from Williams College with a BA in Economics.
Robert Neighoff
Start Date
Tenure
Tenure Rank
Jun 27, 2017
1.84
1.8%
Mr. Neighoff has served as the Managing Partner, Chief Compliance Officer and Portfolio Manager of Cicero since 2011. Prior to joining Cicero, he was a Senior Portfolio Manager at VERO Capital Management (2010-2011), a Principal in the Real Estate Finance Group of American Capital (2005-2010) and a Commerical Mortgage Backed Securities Trader for the Royal Bank of Scotland (2000-2005). Mr. Neighoff graduated from the University of Maryland with a BA in English and a minor in Finance and Accounting.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.01 | 33.52 | 5.37 | 3.25 |