RCM Opportunistic Core Plus CEF SMA (S:0P0001HQP1)
11.64
+0.19
(+1.65%)
USD |
May 31 2024
Returns Chart
Sep '18
Jan '19
May '19
285.00
270.00
255.00
240.00
Key Stats
| Maximum Management Fee | Annualized Total Returns Since Inception (Daily) | Alpha (vs Category) (3Y) | Forecasted Dividend Yield |
|---|---|---|---|
| Upgrade | Upgrade | Upgrade | -- |
| Total Market Value (Net) | Beta (vs Category) (3Y) | Max Drawdown (Since Inception) | Fwd Dividend Yield (Long) |
| Upgrade | Upgrade | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The combination of Closed-end Bond Funds and Exchange Traded Funds allows us to structure the aggregated portfolio's total duration, yield curve positioning and credit risk. ETFs provide liquidity, while CEFs provide the risk-free enhancement of yield available through purchase of assets at below market values. The duration of the total portfolio targets the same duration as the Bloomberg Barclays Aggregate Bond Index. This product is Core Plus and holds some non-investment grade securities. |
| General | |
| Security Type | Separately Managed Account |
| Equity Style | -- |
| Fixed Income Style | Medium Quality/Moderate Sensitivity |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Category Name | Nontraditional Bond |
| Category Index | ICE BofA USD 3M Dep OR CM TR USD |
| Global Category Name | Fixed Income Miscellaneous |
| YCharts Categorization | Global Fixed Income |
| YCharts Benchmark | Bloomberg Global Aggregate (^BBGATR) |
| Fund Owner Firm Name | Richmond Capital Mgmt Inc(VA) |
| Prospectus Benchmark Index | |
| Bloomberg US Agg Bond TR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
| Manager Tenure | |
| David Schultz | 7.01 yrs |
| Howard Bos | 7.01 yrs |
Annual Total Returns Versus Peers
As of May 31, 2024.
Asset Allocation
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| iShares Core US Aggregate Bond ETF | 34.07% | 97.38 | -0.46% |
| Vanguard Short-Term Corporate Bond ETF | 25.24% | 77.20 | -0.14% |
| Vanguard Interm-Term Corp Bd ETF | 14.53% | 80.01 | -0.47% |
| Vanguard Long-Term Treasury ETF | 5.86% | 58.39 | -1.32% |
| Vanguard Long-Term Corporate Bd ETF | 3.99% | 76.53 | -1.02% |
| Western Asset High Income Oppor Fd Inc | 3.20% | 3.775 | -0.40% |
|
Amundi USD HY Corp Bd ESG ETF Dis
|
2.47% | -- | -- |
| Blackstone Strategic Credit Fund | 2.00% | 11.92 | 0.17% |
| Western Asset Inflation-Linked Opportunities and Income Fund | 1.96% | 8.55 | -0.23% |
| Alliancebernstein Glb High Inc Fund Inc | 1.55% | 10.51 | -0.19% |
Fees & Availability
| Fees | |
| Negotiable Fee | No |
| Administrative Fee | -- |
| Maximum Management Fee | Upgrade |
| Prospectus Custodian Fee | -- |
| Trustee Fee | -- |
| Purchase Details | |
| Open to New Investors |
|
| Open to Existing Investors |
|
| Minimum Initial Investment | -- |
| Minimum Subsequent Investment | -- |
Basic Info
| Investment Strategy | |
| The combination of Closed-end Bond Funds and Exchange Traded Funds allows us to structure the aggregated portfolio's total duration, yield curve positioning and credit risk. ETFs provide liquidity, while CEFs provide the risk-free enhancement of yield available through purchase of assets at below market values. The duration of the total portfolio targets the same duration as the Bloomberg Barclays Aggregate Bond Index. This product is Core Plus and holds some non-investment grade securities. |
| General | |
| Security Type | Separately Managed Account |
| Equity Style | -- |
| Fixed Income Style | Medium Quality/Moderate Sensitivity |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Category Name | Nontraditional Bond |
| Category Index | ICE BofA USD 3M Dep OR CM TR USD |
| Global Category Name | Fixed Income Miscellaneous |
| YCharts Categorization | Global Fixed Income |
| YCharts Benchmark | Bloomberg Global Aggregate (^BBGATR) |
| Fund Owner Firm Name | Richmond Capital Mgmt Inc(VA) |
| Prospectus Benchmark Index | |
| Bloomberg US Agg Bond TR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
| Manager Tenure | |
| David Schultz | 7.01 yrs |
| Howard Bos | 7.01 yrs |
Fundamentals
| Number of Holdings | Upgrade |
| Stock | |
| Weighted Average PE Ratio | -- |
| Weighted Average Price to Sales Ratio | -- |
| Weighted Average Price to Book Ratio | -- |
| Weighted Median ROE | -- |
| Weighted Median ROA | -- |
| Forecasted Dividend Yield | -- |
| Forecasted PE Ratio | -- |
| Forecasted Price to Sales Ratio | -- |
| Forecasted Price to Book Ratio | -- |
| Bond | |
| Current Yield | -- |
| Yield to Maturity | Upgrade |
| Effective Duration | Upgrade |
| Average Coupon | -- |
| Average Credit Score | Upgrade |
| Average Price | -- |
As of March 31, 2024
Fund Details
| Key Dates | |
| Inception Date | 6/1/2017 |
| Last Annual Report Date | 12/31/2019 |
| Last Prospectus Date | -- |
| Attributes | |
| 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 |