Rational Special Situations Income Fund (RFXIX)
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.
Fund Info
| ISIN | US6282554327 |
|---|---|
| CUSIP | 628255432 |
| Issuer | Rational Funds |
| Inception Date | Jul 16, 2019 |
| Category | Multisector Bonds |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
RFXIX has a high expense ratio of 1.76%, indicating higher-than-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: RFXIX vs. FTEC, RFXIX vs. ONEQ, RFXIX vs. BIBL, RFXIX vs. VTI
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Rational Special Situations Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Rational Special Situations Income Fund had a return of 7.32% year-to-date (YTD) and 8.33% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 7.32% | 17.79% |
| 1 month | 0.63% | 0.18% |
| 6 months | 4.03% | 7.53% |
| 1 year | 8.33% | 26.42% |
| 5 years (annualized) | 4.02% | 13.48% |
| 10 years (annualized) | N/A | 10.85% |
Monthly Returns
The table below presents the monthly returns of RFXIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.02% | 1.05% | 1.41% | -0.01% | 1.11% | 0.46% | 1.20% | 0.02% | 7.32% | ||||
| 2023 | 1.18% | 0.20% | -0.21% | 0.79% | 0.34% | 0.34% | 0.09% | 0.45% | -0.39% | -0.11% | 0.43% | 0.90% | 4.08% |
| 2022 | 0.01% | 0.01% | -1.90% | -1.27% | -1.03% | -0.50% | 0.69% | 0.58% | -0.62% | 2.07% | 0.26% | 0.90% | -0.85% |
| 2021 | 0.93% | 0.82% | -0.14% | 0.52% | 0.21% | 0.67% | 0.62% | 0.27% | 0.47% | 0.22% | 0.06% | 0.52% | 5.30% |
| 2020 | 2.62% | 0.42% | -9.75% | 2.81% | 2.60% | 1.30% | 0.93% | 0.37% | 0.47% | 0.52% | 0.68% | 0.47% | 2.84% |
| 2019 | -0.10% | 0.28% | 0.02% | 0.71% | 0.54% | 0.45% | 1.91% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of RFXIX is 98, placing it in the top 2% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Rational Special Situations Income Fund (RFXIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Rational Special Situations Income Fund granted a 7.68% dividend yield in the last twelve months. The annual payout for that period amounted to $1.40 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $1.40 | $1.39 | $1.12 | $0.99 | $0.98 | $0.28 |
Dividend yield | 7.68% | 7.85% | 6.08% | 5.03% | 4.99% | 1.39% |
Monthly Dividends
The table displays the monthly dividend distributions for Rational Special Situations Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.08 | $0.10 | $0.09 | $0.10 | $0.10 | $0.09 | $0.10 | $0.10 | $0.00 | $0.76 | |||
| 2023 | $0.08 | $0.08 | $0.09 | $0.10 | $0.09 | $0.10 | $0.11 | $0.11 | $0.12 | $0.12 | $0.21 | $0.19 | $1.39 |
| 2022 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.26 | $1.12 |
| 2021 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.99 |
| 2020 | $0.09 | $0.09 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.98 |
| 2019 | $0.04 | $0.02 | $0.07 | $0.06 | $0.09 | $0.28 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Rational Special Situations Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Rational Special Situations Income Fund was 12.91%, occurring on Mar 25, 2020. Recovery took 205 trading sessions.
The current Rational Special Situations Income Fund drawdown is 0.05%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.91% | Feb 27, 2020 | 20 | Mar 25, 2020 | 205 | Jan 15, 2021 | 225 |
| -4.93% | Jan 20, 2022 | 100 | Jun 13, 2022 | 154 | Jan 24, 2023 | 254 |
| -0.73% | Sep 1, 2023 | 34 | Oct 19, 2023 | 27 | Nov 28, 2023 | 61 |
| -0.67% | Dec 6, 2023 | 3 | Dec 8, 2023 | 5 | Dec 15, 2023 | 8 |
| -0.55% | Aug 6, 2024 | 14 | Aug 23, 2024 | 11 | Sep 10, 2024 | 25 |
Volatility
Volatility Chart
The current Rational Special Situations Income Fund volatility is 0.44%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.