RCTIX: River Canyon Total Return Bond Instl

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RCTIX River Canyon Total Return Bond Instl


Profile

RCTIX - Profile

Vitals

  • YTD Return -2.3%
  • 3 Yr Annualized Return 0.5%
  • 5 Yr Annualized Return 0.8%
  • Net Assets $134 M
  • Holdings in Top 10 31.5%

52 WEEK LOW AND HIGH

$10.59
$9.90
$11.22

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.48%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 30.46%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return -2.3%
  • 3 Yr Annualized Total Return 0.5%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.60%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    River Canyon Total Return Bond Fund
  • Fund Family Name
    River Canyon
  • Inception Date
    Dec 30, 2014
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    George Jikovski

Fund Description

The fund seeks to achieve its objective by investing, under normal conditions, at least 80% of its assets (net assets plus borrowings for investment purposes) in bonds. The Adviser defines bonds to include mortgage-backed securities, debt securities, and other fixed income instruments issued by governmental or private-sector entities. The fund is non-diversified.


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Categories

Performance

RCTIX - Performance

Return Ranking - Trailing

Period RCTIX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.3% -55.0% 5.4% 30.90%
1 Yr -4.0% -55.3% 10.9% 61.54%
3 Yr 0.5%* -38.2% 4.9% 4.08%
5 Yr 0.8%* -32.1% 17.0% 2.03%
10 Yr N/A* -5.2% 1.0% N/A

* Annualized

Return Ranking - Calendar

Period RCTIX Return Category Return Low Category Return High Rank in Category (%)
2019 6.4% -35.1% 15.3% 39.38%
2018 -1.5% -48.0% 0.8% 3.99%
2017 4.6% -14.8% 11.2% 13.98%
2016 -0.4% -11.2% 19.1% 93.77%
2015 -0.7% -51.1% 4.0% 1.71%

Total Return Ranking - Trailing

Period RCTIX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.3% -55.0% 5.4% 30.90%
1 Yr -4.0% -55.3% 6.2% 61.54%
3 Yr 0.5%* -38.2% 3.4% 18.37%
5 Yr 0.8%* -32.1% 17.0% 24.39%
10 Yr N/A* -5.2% 5.4% N/A

* Annualized

Total Return Ranking - Calendar

Period RCTIX Return Category Return Low Category Return High Rank in Category (%)
2019 6.4% -35.1% 15.3% 45.23%
2018 -1.5% -48.0% 4.8% 14.95%
2017 4.6% -14.8% 14.0% 38.35%
2016 -0.4% -11.2% 22.5% 95.60%
2015 -0.7% -51.1% 4.0% 8.55%

NAV & Total Return History


Holdings

RCTIX - Holdings

Concentration Analysis

RCTIX Category Low Category High RCTIX % Rank
Net Assets 134 M 6.88 M 114 B 72.81%
Number of Holdings 68 6 7410 89.49%
Net Assets in Top 10 43.4 M -41 B 5.37 B 59.38%
Weighting of Top 10 31.45% 4.3% 214.0% 42.81%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High RCTIX % Rank
Bonds
82.11% 36.67% 233.78% 83.05%
Cash
17.89% -144.73% 60.85% 5.40%
Stocks
0.00% -0.56% 27.98% 75.42%
Preferred Stocks
0.00% 0.00% 51.94% 78.41%
Other
0.00% -24.69% 31.60% 58.24%
Convertible Bonds
0.00% 0.00% 15.09% 89.77%

Bond Sector Breakdown

Weighting Return Low Return High RCTIX % Rank
Securitized
71.32% 0.00% 99.22% 8.24%
Cash & Equivalents
21.00% 0.17% 59.29% 7.10%
Municipal
7.68% 0.00% 37.30% 3.13%
Derivative
0.00% -0.44% 41.70% 67.90%
Corporate
0.00% 0.00% 92.34% 98.86%
Government
0.00% 0.00% 99.82% 95.74%

Bond Geographic Breakdown

Weighting Return Low Return High RCTIX % Rank
US
66.00% 22.25% 233.33% 59.38%
Non US
16.11% -74.15% 71.00% 60.23%

Expenses

RCTIX - Expenses

Operational Fees

RCTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.48% 0.06% 24.26% 36.98%
Management Fee 0.65% 0.00% 2.25% 62.05%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

RCTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

RCTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

RCTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 30.46% 0.00% 472.00% 19.63%

Distributions

RCTIX - Distributions

Dividend Yield Analysis

RCTIX Category Low Category High RCTIX % Rank
Dividend Yield 0.00% 0.00% 4.86% 53.31%

Dividend Distribution Analysis

RCTIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

RCTIX Category Low Category High RCTIX % Rank
Net Income Ratio 2.60% 1.07% 10.10% 90.83%

Capital Gain Distribution Analysis

RCTIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

RCTIX - Fund Manager Analysis

Managers

George Jikovski


Start Date

Tenure

Tenure Rank

Dec 30, 2014

5.34

5.3%

George Jikovski is a Partner of Canyon Capital Partners, LLC and is Senior Portfolio Manager of the Fund. He primarily focuses on identifying investment opportunities in the mortgage-backed securities, structured finance and credit derivatives sectors. In addition, Mr. Jikovski is involved in the risk management and hedging of the portfolios. Prior to joining Canyon Capital in 2007, Mr. Jikovski was at Trust Company of the West from 2003-2007, where he focused on high grade MBS, including MBS derivatives, collateralized mortgage obligations (CMOs) and market value CDOs. Mr. Jikovski was previously with the Financial Restructuring Group at Houlihan Lokey Howard & Zukin from 2001-2003. Mr. Jikovski graduated summa cum laude and Phi Beta Kappa from the University of California, Los Angeles with a B.A. in Business Economics and a minor in accounting. Mr. Jikovski is a Chartered Financial Analyst (CFA®) charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 28.98 5.68 5.33