Morningstar

Rational Special Situations Income Fund Class A Shares RFXAX

Morningstar Medalist Rating
Medalist Rating as of | See Rational Funds Investment Hub
  • NAV / 1-Day Return 17.88  /  0.00
  • Total Assets 1.4B
  • Adj. Expense Ratio
    2.020%
  • Expense Ratio 2.010%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 5.09%
  • Effective Duration —

USD | NAV as of Jul 11, 2026 | 1-Day Return as of Jul 11, 2026, 12:50 AM GMT+0

Morningstar’s Analysis RFXAX

Will RFXAX outperform in the 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 RFXAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the RFXAX 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 RFXAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Rational Special Situations Income A holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings RFXAX

More RFXAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 21.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Ambac Assurance Corporation 0%

9.10 123M
Corporate

First American Treasury Obligs X

7.84 106M
Cash and Equivalents

Wfld Mtg Tr 2014-Mont 3.87996%

2.00 27M
Securitized

MBIA Global Funding, LLC 0%

1.92 26M
Corporate

Comm 2012-CCRE3 Mortgage Trust 3.922%

1.58 21M
Securitized

Comm 2012-LTRT 3.3996%

1.44 20M
Securitized

BAMLL Commercial Mortgage Securities Trust 2016-Ashf 2.627%

1.21 16M
Securitized

CG-Ccre Commercial Mtg Tst 2014-Fl1 4.91919%

0.96 13M
Securitized

WFRBS Commercial Mortgage Trust 2013-C14 3.94365%

0.94 13M
Securitized

Deutsche Alt A Securities Mortgage Loan Trust Series 2006 Af1 4.18879%

0.91 12M
Securitized

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