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
US6282554327
628255432
Jul 16, 2019
$1,000
Expense Ratio
RFXIX has a high expense ratio of 1.76%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Rational Special Situations Income Fund (RFXIX) returned 1.40% year-to-date (YTD) and 5.85% over the past 12 months.
RFXIX
1.40%
0.60%
2.29%
5.85%
5.04%
N/A
^GSPC (Benchmark)
-0.64%
8.97%
-2.62%
11.90%
15.76%
10.69%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.43% | 0.98% | 0.39% | -0.29% | -0.11% | 1.40% | |||||||
| 2024 | 1.02% | 1.05% | 1.41% | -0.01% | 1.11% | 0.46% | 1.20% | 0.02% | 1.02% | 0.28% | 1.14% | -0.09% | 8.95% |
| 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% | -0.51% | 0.69% | 0.58% | -0.62% | 2.07% | 0.26% | 0.90% | -0.85% |
| 2021 | 0.93% | 0.83% | -0.14% | 0.52% | 0.22% | 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% | 0.67% | 0.47% | 2.84% |
| 2019 | -0.10% | 0.28% | 0.02% | 0.71% | 0.53% | 0.45% | 1.91% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 98, RFXIX is among the top 2% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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.
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Dividends
Dividend History
Rational Special Situations Income Fund provided a 6.46% dividend yield over the last twelve months, with an annual payout of $1.16 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Dividend | $1.16 | $1.21 | $1.39 | $1.12 | $0.99 | $0.98 | $0.25 |
Dividend yield | 6.46% | 6.70% | 7.86% | 6.08% | 5.05% | 4.99% | 1.24% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.08 | $0.08 | $0.08 | $0.09 | $0.00 | $0.32 | |||||||
| 2024 | $0.08 | $0.10 | $0.09 | $0.10 | $0.10 | $0.09 | $0.10 | $0.11 | $0.11 | $0.11 | $0.13 | $0.10 | $1.21 |
| 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 | $0.06 | $0.25 |
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.
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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 0.46%.
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 |
| -1.05% | Mar 31, 2025 | 10 | Apr 11, 2025 | — | — | — |
| -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 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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