Returns Chart

Key Stats

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Expense Ratio Total Assets Under Management Dividend Yield Turnover Ratio
1.76% 777.88M 5.23% 37.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized All Time Total Returns (Daily) Max Drawdown (All)
215.88M -2.59% Upgrade Upgrade

Basic Info

Investment Strategy
The investment seeks total return consisting of capital appreciation and income. The fund seeks to achieve its investment objective by primarily investing in agency and non-agency residential and commercial mortgage-backed securities, with a focus on non-agency residential mortgage-backed securities. It does not limit its investments to a particular credit quality and may invest without limitation in debt securities rated below investment grade (commonly referred to as "junk" bonds). The fund is non-diversified.
General
Security Type Mutual Fund
Oldest Share Symbol RFXIX
Equity Style --
Fixed Income Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Multisector Bond
Category Index Bloomberg US Universal TR USD
Prospectus Objective Income
Fund Owner Firm Name Rational Funds
Prospectus Benchmark Index
Bloomberg US Agg Bond TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Eric Meyer 3.13 yrs
William Van de Water 3.13 yrs

Net Fund Flows Versus Category

View Net Fund Flows. Upgrade now.
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 12
215.88M
-12.53B Category Low
6.755B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of August 31, 2022

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
--
--
--
--
--
--
--
--
% Rank in Cat (NAV)
--
--
--
--
--
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As of September 23, 2022. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2015
2016
2017
2018
2019
2020
2021
YTD
--
4.08%
15.95%
11.28%
8.11%
2.83%
5.30%
-3.48%
0.55%
2.65%
3.54%
0.01%
8.72%
7.51%
-1.54%
-13.75%
--
9.78%
14.04%
4.45%
11.93%
-10.58%
14.92%
-19.14%
4.33%
5.11%
8.39%
2.42%
7.31%
-2.23%
3.92%
-4.60%
--
--
4.26%
0.79%
7.86%
2.64%
2.50%
-5.03%
--
--
--
0.20%
8.13%
5.30%
2.34%
-10.71%
As of September 23, 2022.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (9-23-22) 5.23%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings Upgrade
Bond
Current Yield 5.93%
Yield to Maturity --
Effective Duration --
Average Coupon Upgrade
Average Credit Score --
Average Price Upgrade
As of June 30, 2022

Asset Allocation

As of June 30, 2022.
Type % Net % Long % Short
Cash 9.87% Upgrade Upgrade
Stock 0.00% Upgrade Upgrade
Bond 90.13% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
First American Government Obligs U 8.20% 1.00 0.00%
Ambac Assurance Corporation 0%
5.87% -- --
Ambac Assurance Corporation 8.5%
1.77% -- --
J P Morgan Chase Commercial Mortgage Securities Trust 2013-WT 7.05108%
1.44% -- --
JP Morgan Commercial Mortgage Finance Corp 5.337%
1.41% -- --
MBIA Global Funding, LLC 0%
1.35% -- --
BCP VOYAGER MASTER FUNDS SPC LTD 1.524%
1.26% -- --
Bear Stearns Asset Backed Securities I Trust 7.62357%
1.17% -- --
Msp Deer Finance Syndicated Loan 17.00% Due 04/09/2025
1.07% -- --
Capitalsource R/Estate Ln Tr 2006-1 1.63886%
1.01% -- --

Fees & Availability

Fees
Actual 12B-1 Fee --
Actual Management Fee Upgrade
Administration Fee --
Performance Fee --
Switching Fee --
Transaction Fee --
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee --
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
Purchase Details
Open to New Investors Yes
Open to Existing Investors Yes
Minimum Initial Investment Upgrade
Minimum Subsequent Investment Upgrade

Basic Info

Investment Strategy
The investment seeks total return consisting of capital appreciation and income. The fund seeks to achieve its investment objective by primarily investing in agency and non-agency residential and commercial mortgage-backed securities, with a focus on non-agency residential mortgage-backed securities. It does not limit its investments to a particular credit quality and may invest without limitation in debt securities rated below investment grade (commonly referred to as "junk" bonds). The fund is non-diversified.
General
Security Type Mutual Fund
Oldest Share Symbol RFXIX
Equity Style --
Fixed Income Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Multisector Bond
Category Index Bloomberg US Universal TR USD
Prospectus Objective Income
Fund Owner Firm Name Rational Funds
Prospectus Benchmark Index
Bloomberg US Agg Bond TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Eric Meyer 3.13 yrs
William Van de Water 3.13 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (9-23-22) 5.23%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings Upgrade
Bond
Current Yield 5.93%
Yield to Maturity --
Effective Duration --
Average Coupon Upgrade
Average Credit Score --
Average Price Upgrade
As of June 30, 2022

Fund Details

Key Dates
Inception Date 1/31/2009
Last Annual Report Date 12/31/2021
Last Prospectus Date 5/1/2022
Share Classes
RFXAX A
RFXCX C
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No

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