Returns Chart

Key Stats

Net Expense Ratio Total Assets Under Management Weighted Average Dividend Yield Turnover Ratio (Generic)
0.59% 114.97M -- 43.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized Total Returns Since Inception (Daily) Max Drawdown (Since Inception)
4.694M 6.28% Upgrade Upgrade

Basic Info

Investment Strategy
The Fund seeks to maximize total return, consistent with preservation of capital. The Fund invests at least 80% of its net assets in floating rate instruments which are debt instruments issued by companies or other entities with interest rates that reset periodically in response to changes in the market rate of interest.
General
Security Type Mutual Fund
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Global Peer Group Loan Participation Funds
Peer Group Loan Participation Funds
Global Macro Loan Participation Funds
US Macro General Domestic Taxable Fixed Income Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Loan Participation Funds
Fund Owner Firm Name Perpetual
Broad Asset Class Benchmark Index
^BBUSATR 100.0%

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Net Fund Flows Versus Peer Group

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: 33
-190.75M Peer Group Low
490.64M Peer Group High
1 Year
% Rank: 27
4.694M
-3.096B Peer Group Low
8.623B Peer Group High
3 Months
% Rank: 22
-582.83M Peer Group Low
1.235B Peer Group High
3 Years
% Rank: 29
-3.827B Peer Group Low
21.48B Peer Group High
6 Months
% Rank: 19
-684.05M Peer Group Low
3.764B Peer Group High
5 Years
% Rank: 17
-2.475B Peer Group Low
23.14B Peer Group High
YTD
% Rank: 24
-3.255B Peer Group Low
7.670B Peer Group High
10 Years
% Rank: 12
-13.06B Peer Group Low
23.62B Peer Group High
Date Unavailable

Performance Versus Peer Group

 
20%
15%
10%
5%
0
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
Peer Group Rtn. (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
% Rank in Peer Group (NAV)
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
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Annual Total Returns Versus Peers

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Name
2018
2019
2020
2021
2022
2023
2024
YTD
--
--
--
--
--
14.45%
9.58%
6.05%
0.01%
8.72%
7.51%
-1.54%
-13.01%
5.53%
1.25%
6.94%
-0.30%
7.15%
1.28%
4.57%
-2.13%
11.07%
7.15%
1.19%
-0.58%
7.15%
2.65%
4.84%
-1.15%
13.28%
9.77%
5.40%
-0.78%
8.70%
3.99%
4.63%
-1.56%
12.82%
9.11%
5.88%
0.40%
5.41%
1.42%
4.86%
-4.69%
12.29%
8.58%
4.96%
As of December 07, 2025.

Fundamentals

General
Distribution Yield --
Dividend Yield TTM (12-4-25) 7.05%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings 186
Bond
Yield to Maturity (9-30-25) 7.89%
Effective Duration --
Average Coupon 7.29%
Calculated Average Quality 5.811
Effective Maturity 4.685
Nominal Maturity 5.495
Number of Bond Holdings 182
As of September 30, 2025

Asset Allocation

As of September 30, 2025.
Type % Net
Cash -1.99%
Stock 0.00%
Bond 102.0%
Convertible 0.00%
Preferred 0.00%
Other 0.00%
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Top 10 Holdings

Name % Weight Price % Change
Northern Treasury Portfolio Premier 4.55% 1.00 0.00%
TMS International Corp 24-MAR-2030 Term Loan B
1.81% -- --
Imperial Dade 09-DEC-2030 Term Loan B
1.73% -- --
Magnite Inc 06-FEB-2031 Term Loan B
1.37% -- --
Russell Investments US Institutional Holdco Inc FRN 30-May-2027
1.33% -- --
Global IID Parent LLC FRN 16-Dec-2028
1.29% -- --
LifePoint Health Inc 15-MAY-2031 Term Loan B
1.25% -- --
Chemours Co 18-AUG-2028 Term Loan B
1.25% -- --
Autodata Solutions Group LLC [Ex-Internet Brands Inc] 03-MAY-2028 Term Loan B
1.23% -- --
My Eye Dr Optometrists LLC 05-APR-2031 Term Loan B
1.22% -- --

Fees & Availability

Fees
Actual 12B-1 Fee --
Actual Management Fee 0.42%
Administration Fee 105.1K%
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee 0.00%
General Availability
Available for Insurance Product No
Available for RRSP No
Purchase Details
Open to New Investors Yes
Minimum Initial Investment 100000.0 None
Minimum Subsequent Investment 50.00 None

Basic Info

Investment Strategy
The Fund seeks to maximize total return, consistent with preservation of capital. The Fund invests at least 80% of its net assets in floating rate instruments which are debt instruments issued by companies or other entities with interest rates that reset periodically in response to changes in the market rate of interest.
General
Security Type Mutual Fund
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Global Peer Group Loan Participation Funds
Peer Group Loan Participation Funds
Global Macro Loan Participation Funds
US Macro General Domestic Taxable Fixed Income Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Loan Participation Funds
Fund Owner Firm Name Perpetual
Broad Asset Class Benchmark Index
^BBUSATR 100.0%

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Fundamentals

General
Distribution Yield --
Dividend Yield TTM (12-4-25) 7.05%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings 186
Bond
Yield to Maturity (9-30-25) 7.89%
Effective Duration --
Average Coupon 7.29%
Calculated Average Quality 5.811
Effective Maturity 4.685
Nominal Maturity 5.495
Number of Bond Holdings 182
As of September 30, 2025

Fund Details

Key Dates
Inception Date 4/12/2022
Last Annual Report Date 9/30/2024
Last Prospectus Date 2/1/2025
Attributes
Index Fund --
Inverse Fund No
Leveraged Fund --
Fund of Funds No
Currency Hedged Fund --
Synthetic Replication Fund No

Top Portfolio Holders

Name % Weight
Portfolio A 5.00%
Portfolio B 3.50%
Portfolio C 2.25%
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Excel Add-In Codes

Name: =YCI("M:BFRNX", "name")
Broad Asset Class: =YCI("M:BFRNX", "broad_asset_class")
Broad Category: =YCI("M:BFRNX", "broad_category_group")
Prospectus Objective: =YCI("M:BFRNX", "prospectus_objective")
To find the codes for any of our securities and financial metrics, see our Complete Excel Reference.
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