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Morningstar

River Canyon Total Return Bond Instl RCTIX

Morningstar Medalist Rating
Medalist Rating as of | See River Canyon Investment Hub
  • NAV / 1-Day Return 10.01  /  +0.20 %
  • Total Assets 660.9 Mil
  • Adj. Expense Ratio
    0.690%
  • Expense Ratio 0.690%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 8.53%
  • Effective Duration 3.47 years

USD | NAV as of Apr 17, 2024 | 1-Day Return as of Apr 17, 2024, 11:53 PM GMT+0

Morningstar’s Analysis RCTIX

Will RCTIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable RCTIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the RCTIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of RCTIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

River Canyon Total Return Bond Instl earns a Morningstar Medalist Rating of Neutral with strength in areas such as Process offset by weaker spots such as People.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings RCTIX

More RCTIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 24.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Northern Institutional Treasury Premier

9.84 66.9 Mil
Cash and Equivalents

LABL Escrow Issuer LLC 10.5%

3.52 23.9 Mil
Corporate

Verscend Hldg Corp Tl

3.12 21.2 Mil
Corporate

Ct Technlgies Intrmd Tl

2.83 19.3 Mil
Corporate

FREMF Mortgage Trust 11.43446%

2.81 19.1 Mil
Securitized

GDB DEBT RECOVERY AUTH OF COMWLTH PUERTO RICO 7.5%

2.63 17.9 Mil
municipal

Government National Mortgage Association 0.70629%

2.23 15.2 Mil
Securitized

Fat Brands Fazolis Native I 144A 6.9999984%

2.12 14.4 Mil
Corporate

FAT BRANDS GFG ROYAL I LLC 6%

2.09 14.2 Mil
Securitized

Pnmac Gsmr Issuer Trust 9.57039%

1.79 12.2 Mil
Securitized