Rational Special Situations Income Fund Class A Shares (RFXAX) Fund Details & Analysis

Fund Information

Fund Category -

Fund Family Rational Funds

Fund Style Multisector Bond

ISIN US6282554574

CUSIP 628255457

Inception Date 2019-07-17

Domicile United States

Country USA

Fiscal Year End December

NAV Chart

Fund Metrics

Net Assets $1.40 Billion

Share Class Net Assets $48.05 Million

Expense Ratio 2.02%

Expense Ratio Date 2026-05-01

Dividend Yield 0.00%

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Performance

YTD Return 2.36%

1-Year Return 4.00%

3-Year Return 5.67%

5-Year Return 3.86%

NAV $17.82

Previous Close Price $18.61

Last Update 2026-09-30

Dividend Information

Dividend Yield 0.00%

Dividend (ttm) 0.17

Dividend Growth -58.12%

Payout Frequency Annual

Ex-Dividend Date n/a

Ratings

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Beta (5Y) 1.23

About Rational Special Situations Income Fund Class A Shares

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.

Detailed Metrics

Market Cap Distribution

AverageMarketCap %

Giant %

Large %

Medium %

Micro %

Small %

Value & Growth Metrics

Book-Value Growth % %

Cash-Flow Growth % %

Dividend Yield % %

Historical Earnings % %

Long-Term Earnings % %

Asset Allocation

Type	Net %	Long %	Short %	Category Average	benchmark
Bond	93.25%	93.25%	0.00%	126.64%	0.00%
Cash	6.75%	6.75%	0.00%	22.06%	0.00%
Non US Stock	0.00%	0.00%	0.00%	0.90%	0.00%
Not Classified	0.00%	0.00%	0.00%	2.55%	0.00%
Other	0.00%	0.00%	0.00%	0.21%	0.00%
US Stock	0.00%	0.00%	0.00%	0.57%	0.00%

Top Holdings

Name	Weight	Owned	Change
ABK 5.1 PERP	9.36%	-	-
FIRST AM-TR OB-X	5.96%	-	-
GSMS 2010-C1 D	2.10%	-	-
MBI 0 12/15/33	1.87%	-	-
GSMS 2011-GC5 B	1.56%	-	-
MSP DEER FNCE SYNDICTD LN	1.17%	-	-
JPMCC 2007-C1 AJ	1.21%	-	-
JPMCC 2010-C2 F	0.98%	-	-
BSABS 2004-BO1 M9A	1.07%	-	-
JPMCC 2011-C3 C	0.96%	-	-
WFRBS 2013-C14 C	0.91%	-	-
COMM 2012-LTRT A2	1.52%	-	-
CFCRE 2011-C2 E	0.90%	-	-
JPMCC 2012-WLDN A	1.52%	-	-
COMM 2012-CR3 B	1.54%	-	-
JPMCC 2012-C6 E	1.60%	-	-
JPMCC 2010-C2 E	0.86%	-	-
CGCC 2014-FL1 B	1.00%	-	-
WFLD 2014-MONT A	1.96%	-	-
DBALT 2007-AR3 1A2	0.96%	-	-
BAMLL 2020-BOC A	1.20%	-	-
JPMBB 2014-C21 D	0.95%	-	-
MSBAM 2013-C10 C	0.88%	-	-

See the full breakdown of RFXAX fund's asset allocation and top holdings .

Sector Weights

Category	Subcategory	Amount %	Category Avg	Stocks %	Benchmark
Bond Sector	Cash and Equivalents	0.00%	12.09%	6.08%	0.00%
Bond Sector	Corporate	0.00%	22.69%	13.97%	0.00%
Bond Sector	Derivative	0.00%	2.71%	0.00%	0.00%
Bond Sector	Government	0.00%	43.68%	0.00%	0.00%
Bond Sector	Municipal	0.00%	0.13%	0.00%	0.00%
Bond Sector	Securitized	0.00%	18.70%	79.95%	0.00%
Cyclical	Basic Materials	0.00%	3.67%	0.00%	0.00%
Cyclical	Consumer Cyclical	0.00%	5.65%	0.00%	0.00%
Cyclical	Financial Services	0.00%	58.21%	0.00%	0.00%
Cyclical	Real Estate	0.00%	10.03%	0.00%	0.00%
Defensive	Consumer Defensive	0.00%	0.02%	0.00%	0.00%
Defensive	Healthcare	0.00%	0.20%	0.00%	0.00%
Defensive	Utilities	0.00%	5.26%	0.00%	0.00%
Sensitive	Communication Services	0.00%	2.59%	0.00%	0.00%
Sensitive	Energy	0.00%	3.18%	0.00%	0.00%
Sensitive	Industrials	0.00%	0.43%	0.00%	0.00%
Sensitive	Technology	0.00%	10.75%	0.00%	0.00%

World Regions

Region	Subregion	Category Average	Stocks Percent	Benchmark
Americas	Latin America	4.73%	-	-
Americas	North America	39.43%	-	-
Greater Asia	Asia Developed	0.10%	-	-
Greater Asia	Asia Emerging	9.25%	-	-
Greater Asia	Australasia	0.28%	-	-
Greater Asia	Japan	-	-	-
Greater Europe	Africa/Middle East	4.19%	-	-
Greater Europe	Europe Developed	23.98%	-	-
Greater Europe	Europe Emerging	12.23%	-	-
Greater Europe	United Kingdom	5.82%	-	-

Dividend History

Date	Amount	Unadjusted Amount	Currency	Declaration Date	Record Date	Payment Date	Period
2024-11-27	$0.121	$0.121	USD	-	-	-	-
2024-10-30	$0.106	$0.106	USD	-	2024-10-29	2024-10-31	Monthly
2024-09-27	$0.102	$0.102	USD	-	2024-09-26	2024-09-30	Monthly
2024-08-29	$0.101	$0.101	USD	-	2024-08-28	2024-08-30	Monthly
2024-07-30	$0.093	$0.093	USD	-	2024-07-29	2024-07-31	Monthly
2024-06-27	$0.090	$0.090	USD	-	2024-06-26	2024-06-28	Monthly
2024-05-30	$0.096	$0.096	USD	-	2024-05-29	2024-05-31	Monthly
2024-04-29	$0.094	$0.094	USD	-	2024-04-26	2024-04-30	Monthly
2024-03-27	$0.089	$0.089	USD	-	2024-03-26	2024-03-28	Monthly
2024-02-28	$0.094	$0.094	USD	-	2024-02-27	2024-02-29	Monthly
2024-01-30	$0.078	$0.078	USD	-	2024-01-29	2024-01-31	Monthly
2023-12-28	$0.186	$0.186	USD	-	2023-12-27	2023-12-29	Monthly
2023-11-29	$0.203	$0.203	USD	-	2023-11-28	2023-11-30	Monthly
2023-10-30	$0.117	$0.117	USD	-	2023-10-27	2023-10-31	Monthly
2023-09-28	$0.115	$0.115	USD	-	2023-09-27	2023-09-29	Monthly
2023-08-30	$0.109	$0.109	USD	-	2023-08-29	2023-08-31	Monthly
2023-07-28	$0.103	$0.103	USD	-	2023-07-27	2023-07-31	Monthly
2023-06-29	$0.099	$0.099	USD	-	2023-06-28	2023-06-30	Monthly
2023-05-30	$0.088	$0.088	USD	-	2023-05-26	2023-05-31	Monthly
2023-04-27	$0.092	$0.092	USD	-	2023-04-26	2023-04-28	Monthly
2023-03-30	$0.086	$0.086	USD	-	2023-03-29	2023-03-31	Monthly
2023-02-27	$0.074	$0.074	USD	-	2023-02-24	2023-02-28	Monthly
2023-01-30	$0.074	$0.074	USD	2023-01-30	2023-01-27	2023-01-31	Monthly
2022-12-29	$0.252	$0.252	USD	2022-12-29	2022-12-28	2022-12-30	Monthly
2022-11-29	$0.074	$0.074	USD	-	2022-11-28	2022-11-30	Monthly
2022-10-28	$0.074	$0.074	USD	-	2022-10-27	2022-10-31	Monthly
2022-09-29	$0.072	$0.072	USD	-	2022-09-28	2022-09-30	Monthly
2022-08-30	$0.073	$0.073	USD	-	2022-08-29	2022-08-31	Monthly
2022-07-28	$0.073	$0.073	USD	-	2022-07-27	2022-07-29	Monthly
2022-06-29	$0.073	$0.073	USD	-	2022-06-28	2022-06-30	Monthly
2022-05-27	$0.074	$0.074	USD	-	2022-05-26	2022-05-31	Monthly
2022-04-28	$0.075	$0.075	USD	-	2022-04-27	2022-04-29	Monthly
2022-03-30	$0.076	$0.076	USD	-	2022-03-29	2022-03-31	Monthly
2022-02-25	$0.078	$0.078	USD	-	2022-02-24	2022-02-28	Monthly
2022-01-28	$0.079	$0.079	USD	2022-01-28	2022-01-27	2022-01-31	Monthly
2021-12-30	$0.078	$0.078	USD	-	-	-	-
2021-11-29	$0.079	$0.079	USD	-	2021-11-26	2021-11-29	Monthly
2021-10-28	$0.079	$0.079	USD	-	2021-10-27	2021-10-28	Monthly
2021-09-29	$0.079	$0.079	USD	2021-09-29	2021-09-28	2021-09-29	Monthly
2021-08-30	$0.079	$0.079	USD	-	2021-08-27	2021-08-30	Monthly
2021-07-29	$0.079	$0.079	USD	-	2021-07-28	2021-07-29	Monthly
2021-06-29	$0.079	$0.079	USD	2021-06-29	2021-06-28	2021-06-29	Monthly
2021-05-27	$0.079	$0.079	USD	2021-05-27	2021-05-26	2021-05-27	Monthly
2021-04-29	$0.078	$0.078	USD	2021-04-29	2021-04-28	2021-04-29	Monthly
2021-03-30	$0.079	$0.079	USD	2021-03-30	2021-03-29	2021-03-30	Monthly
2021-02-25	$0.079	$0.079	USD	2021-02-25	2021-02-24	2021-02-25	Monthly
2021-01-28	$0.079	$0.079	USD	2021-01-28	2021-01-27	2021-01-28	Monthly
2020-12-30	$0.078	$0.078	USD	2020-12-30	2020-12-29	2020-12-30	Other
2020-11-27	$0.078	$0.078	USD	2020-11-27	2020-11-25	2020-11-27	Other
2020-10-29	$0.078	$0.078	USD	2020-10-29	2020-10-28	2020-10-29	Other
2020-09-29	$0.078	$0.078	USD	2020-09-29	2020-09-28	2020-09-29	Other
2020-08-28	$0.078	$0.078	USD	2020-08-28	2020-08-27	2020-08-28	Other
2020-07-30	$0.078	$0.078	USD	2020-07-30	2020-07-29	2020-07-30	Other
2020-06-29	$0.078	$0.078	USD	2020-06-29	2020-06-26	2020-06-29	Other
2020-05-28	$0.077	$0.077	USD	2020-05-28	2020-05-27	2020-05-28	Other
2020-04-29	$0.075	$0.075	USD	2020-04-29	2020-04-28	2020-04-29	Other
2020-03-30	$0.073	$0.073	USD	2020-03-30	2020-03-27	2020-03-30	Other
2020-02-27	$0.083	$0.083	USD	2020-02-27	2020-02-26	2020-02-27	Other
2020-01-30	$0.083	$0.083	USD	2020-01-30	2020-01-29	2020-01-30	Other
2019-12-30	$0.057	$0.057	USD	2019-12-30	2019-12-27	2019-12-30	Monthly
2019-11-27	$0.054	$0.054	USD	2019-11-27	2019-11-26	2019-11-27	Monthly
2019-10-30	$0.068	$0.068	USD	2019-10-30	2019-10-29	2019-10-30	Monthly
2019-09-27	$0.023	$0.023	USD	2019-09-27	2019-09-26	2019-09-27	Monthly
2019-08-29	$0.034	$0.034	USD	2019-08-29	2019-08-28	2019-08-29	Monthly

View the full dividend history for RFXAX.

Rational Special Situations Income Fund Class A Shares NMFQS:RFXAX