Rational Special Situations Income Fund Institutional Shares (RFXIX)
| Fund Assets | 1.30B |
| Expense Ratio | 1.77% |
| Min. Investment | $1,000 |
| Turnover | 8.00% |
| Dividend (ttm) | 0.98 |
| Dividend Yield | 5.40% |
| Dividend Growth | -18.86% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 29, 2026 |
| Previous Close | 18.09 |
| YTD Return | 1.03% |
| 1-Year Return | 5.63% |
| 5-Year Return | 24.21% |
| 52-Week Low | 17.18 |
| 52-Week High | 18.11 |
| Beta (5Y) | n/a |
| Holdings | 971 |
| Inception Date | Jul 17, 2019 |
About RFXIX
Rational Special Situations Income Fund Institutional Shares is an actively managed mutual fund focused on generating total return from fixed income, with an emphasis on complex credit opportunities. The strategy primarily targets agency and non‑agency residential and commercial mortgage‑backed securities and other securitized assets, seeking value in “special situations” such as legacy, non‑agency RMBS and select CMBS structures. The fund is classified in the multisector bond category and employs an opportunistic approach that can allocate across securitized credit, corporate credit, and cash equivalents as market conditions evolve. Portfolio holdings have included structured mortgage securities alongside select corporate and municipal exposures, reflecting a flexible mandate geared toward income and capital appreciation within fixed income. The fund offers monthly distributions and is managed with an institutional share class structure designed for larger or fee‑sensitive investors, though its expense ratio sits at the higher end of peer ranges. Since inception of the institutional track record, the fund has aimed to preserve and grow capital by exploiting dislocations in securitized markets while maintaining a diversified pool of bond holdings.
Performance
RFXIX had a total return of 5.63% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.42%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 29, 2026 | $0.0747 | Jan 30, 2026 |
| Dec 30, 2025 | $0.0651 | Dec 31, 2025 |
| Nov 26, 2025 | $0.0718 | Nov 28, 2025 |
| Oct 30, 2025 | $0.0963 | Oct 31, 2025 |
| Sep 29, 2025 | $0.0985 | Sep 30, 2025 |
| Aug 28, 2025 | $0.0675 | Aug 29, 2025 |