Skip to Content
Morningstar

Rational Special Situations Income A RFXAX

Morningstar Medalist Rating
Medalist Rating as of | See Rational Funds Investment Hub
  • NAV / 1-Day Return 17.99  /  +0.06 %
  • Total Assets 806.3 Mil
  • Adj. Expense Ratio
    2.010%
  • Expense Ratio 2.010%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 7.65%
  • Effective Duration —

USD | NAV as of May 03, 2024 | 1-Day Return as of May 03, 2024, 10:17 PM GMT+0

Morningstar’s Analysis RFXAX

Will RFXAX 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 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.

Weakness in Rational Special Situations Income A's Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings RFXAX

More RFXAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 25.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Ambac Assurance Corporation 0%

12.15 96.3 Mil
Corporate

First American Treasury Obligs X

4.56 36.2 Mil
Cash and Equivalents

JP Morgan Commercial Mortgage Finance Corp 5.337%

2.17 17.2 Mil
Securitized

Gs Mortgage Securities Trust 2010-C1 6.35917%

1.97 15.6 Mil
Securitized

MBIA Global Funding, LLC 0%

1.64 13.0 Mil
Corporate

Msp Deer Finance Syndicated Loan 17.00% Due 04/09/2025

1.47 11.6 Mil
Corporate

J P Morgan Chase Commercial Mortgage Securities Trust 2013-WT 7.05108%

1.29 10.2 Mil
Securitized

Bear Stearns Asset Backed Securities I Trust 11.43541%

1.13 8.9 Mil
Securitized

GS Mortgage Securities Trust 2011-GC5 5.15264%

1.06 8.4 Mil
Securitized

J.P. Morgan Chase Commercial Mortgage Securities Trust 3.91%

1.06 8.4 Mil
Securitized