Morningstar

Rational Special Situations Income Fund Class A Shares RFXAX

Medalist Rating as of Sep 30, 2026 See Rational Funds Investment Hub

Strategy

The investment seeks total return consisting of capital appreciation and income. 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.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
RFXIX	Rational Special Situations Income Fund Institutional Shares	Institutional	Open			Jul 17, 2019	$1.37B	1.770%	High	$1,000	$140.28M
RFXAX	Rational Special Situations Income Fund Class A Shares	Front Load	Open			Jul 17, 2019	$45.57M	2.020%	High	$1,000	−$8.72M
RFXCX	Rational Special Situations Income Fund Class C Shares	Level Load	Open			Jul 17, 2019	$35.99M	2.720%	Above Average	$1,000	−$4.92M

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