Rational Special Situations Income Fund Institutional Shares (RFXIX)

Fund Assets	1.41B
Expense Ratio	1.739%
Min. Investment	$1,000
Turnover	11.00%
Dividend (ttm)	0.91
Dividend Yield	5.11%
Dividend Growth	-16.26%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 29, 2026

Previous Close	17.82
YTD Return	2.75%
1-Year Return	4.02%
5-Year Return	21.95%
52-Week Low	17.78
52-Week High	18.16
Beta (5Y)	n/a
Holdings	985
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.

• Fund Family: Rational Funds
• Category: US Mortgage
• Performance Rating: Above Average
• Risk Rating: Low
• Stock Exchange: Nasdaq
• Ticker Symbol: RFXIX
• Share Class: Institutional Shares
• Index: Bloomberg U.S. Aggregate Bond TR

Performance

RFXIX had a total return of 4.02% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.07%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
RFXAX	Class A Shares	2.02%
RFXCX	Class C Shares	2.72%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 29, 2026	$0.0686	Sep 30, 2026
Aug 28, 2026	$0.0723	Aug 31, 2026
Jul 30, 2026	$0.0747	Jul 31, 2026
Jun 29, 2026	$0.0728	Jun 30, 2026
May 28, 2026	$0.0617	May 29, 2026
Apr 29, 2026	$0.0759	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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