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Trending ETFs

Alternative Credit Income Fund - Alternative Credit Income Fund USD Cls I

mutual fund
RCIIX
Payout Change
Pending
Price as of:
$9.66 +0.0 +0.0%
primary theme
Bond Sector Diversified
RCIIX (Mutual Fund)

Alternative Credit Income Fund - Alternative Credit Income Fund USD Cls I

Payout Change
Pending
Price as of:
$9.66 +0.0 +0.0%
primary theme
Bond Sector Diversified
RCIIX (Mutual Fund)

Alternative Credit Income Fund - Alternative Credit Income Fund USD Cls I

Payout Change
Pending
Price as of:
$9.66 +0.0 +0.0%
primary theme
Bond Sector Diversified

Name

As of 10/02/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Vitals

YTD Return

3.4%

1 yr return

4.9%

3 Yr Avg Return

1.5%

5 Yr Avg Return

4.0%

Net Assets

$N/A

Holdings in Top 10

44.0%

52 WEEK LOW AND HIGH

$9.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.59%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 49.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$1,000


Fund Classification

Fund Type

Closed-end mutual fund


Name

As of 10/02/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

RCIIX - Profile

Distributions

  • YTD Total Return 3.4%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return 4.0%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 7.12%
DIVIDENDS
  • Dividend Yield 7.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Alternative Credit Income Fund - Alternative Credit Income Fund USD Cls I
  • Fund Family Name
    Resource Real Estate
  • Inception Date
    Apr 17, 2015
  • Shares Outstanding
    9717820
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Terwilliger

Fund Description


RCIIX - Performance

Return Ranking - Trailing

Period RCIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.4% -7.8% 15.4% 91.42%
1 Yr 4.9% -5.0% 31.2% 95.71%
3 Yr 1.5%* -16.8% 17.0% 46.70%
5 Yr 4.0%* -13.9% 14.3% 15.16%
10 Yr N/A* -6.8% 7.0% N/A

* Annualized

Return Ranking - Calendar

Period RCIIX Return Category Return Low Category Return High Rank in Category (%)
2023 -2.4% -12.0% 15.7% 93.43%
2022 -9.7% -31.8% 18.4% 30.25%
2021 6.2% -16.2% 25.7% 1.46%
2020 -4.3% -31.1% 18.7% 87.85%
2019 4.5% -6.1% 15.3% 51.33%

Total Return Ranking - Trailing

Period RCIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.4% -7.8% 15.4% 91.42%
1 Yr 4.9% -5.0% 31.2% 95.71%
3 Yr 1.5%* -16.8% 17.0% 46.70%
5 Yr 4.0%* -13.9% 14.3% 15.16%
10 Yr N/A* -6.8% 7.0% N/A

* Annualized

Total Return Ranking - Calendar

Period RCIIX Return Category Return Low Category Return High Rank in Category (%)
2023 3.2% -6.9% 22.2% 90.98%
2022 -3.3% -31.8% 21.1% 18.18%
2021 13.3% -13.5% 49.9% 2.59%
2020 3.1% -28.6% 24.1% 71.13%
2019 8.1% -4.8% 19.1% 57.03%

NAV & Total Return History


RCIIX - Holdings

Concentration Analysis

RCIIX Category Low Category High RCIIX % Rank
Net Assets N/A 2.53 M 143 B N/A
Number of Holdings 79 4 9195 86.57%
Net Assets in Top 10 115 M -204 M 80.4 B 57.41%
Weighting of Top 10 44.01% 6.2% 209.5% 27.06%

Top 10 Holdings

  1. Blackrock Global Credit Opportunities Fund, Lp 8.10%
  2. Blackrock Global Credit Opportunities Fund, Lp 8.10%
  3. Blackrock Global Credit Opportunities Fund, Lp 8.10%
  4. Blackrock Global Credit Opportunities Fund, Lp 8.10%
  5. Blackrock Global Credit Opportunities Fund, Lp 8.10%
  6. Blackrock Global Credit Opportunities Fund, Lp 8.10%
  7. Blackrock Global Credit Opportunities Fund, Lp 8.10%
  8. Blackrock Global Credit Opportunities Fund, Lp 8.10%
  9. Blackrock Global Credit Opportunities Fund, Lp 8.10%
  10. Blackrock Global Credit Opportunities Fund, Lp 8.10%

Asset Allocation

Weighting Return Low Return High RCIIX % Rank
Bonds
48.75% 0.00% 192.97% 85.80%
Other
25.38% -73.61% 112.16% 9.41%
Stocks
11.34% -4.92% 99.66% 13.58%
Cash
8.30% -94.66% 91.07% 24.38%
Preferred Stocks
5.07% 0.00% 26.42% 2.47%
Convertible Bonds
1.16% 0.00% 33.50% 50.87%

Stock Sector Breakdown

Weighting Return Low Return High RCIIX % Rank
Financial Services
89.83% 0.00% 100.00% 7.98%
Energy
10.17% 0.00% 100.00% 47.29%
Utilities
0.00% 0.00% 100.00% 93.16%
Technology
0.00% 0.00% 28.30% 92.31%
Real Estate
0.00% 0.00% 100.00% 92.88%
Industrials
0.00% 0.00% 100.00% 93.16%
Healthcare
0.00% 0.00% 18.60% 92.59%
Communication Services
0.00% 0.00% 100.00% 95.16%
Consumer Defense
0.00% 0.00% 99.97% 91.74%
Consumer Cyclical
0.00% 0.00% 89.95% 92.88%
Basic Materials
0.00% 0.00% 100.00% 92.02%

Stock Geographic Breakdown

Weighting Return Low Return High RCIIX % Rank
US
11.34% -4.84% 99.66% 12.81%
Non US
0.00% -0.26% 17.73% 86.88%

Bond Sector Breakdown

Weighting Return Low Return High RCIIX % Rank
Corporate
79.35% 0.00% 96.66% 4.94%
Cash & Equivalents
13.11% 0.00% 88.00% 11.61%
Securitized
7.54% 0.00% 99.65% 70.38%
Derivative
0.00% -73.61% 112.16% 70.28%
Municipal
0.00% 0.00% 54.26% 90.45%
Government
0.00% 0.00% 99.43% 97.61%

Bond Geographic Breakdown

Weighting Return Low Return High RCIIX % Rank
US
27.13% 0.00% 192.97% 83.95%
Non US
21.62% 0.00% 74.14% 17.75%

RCIIX - Expenses

Operational Fees

RCIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.59% 0.03% 20.67% 10.62%
Management Fee 1.85% 0.00% 2.29% 97.70%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.70% N/A

Sales Fees

RCIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 1.50% N/A

Trading Fees

RCIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

RCIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 49.00% 0.00% 632.00% 19.74%

RCIIX - Distributions

Dividend Yield Analysis

RCIIX Category Low Category High RCIIX % Rank
Dividend Yield 7.52% 0.00% 23.30% 37.77%

Dividend Distribution Analysis

RCIIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly SemiAnnual Monthly Monthly

Net Income Ratio Analysis

RCIIX Category Low Category High RCIIX % Rank
Net Income Ratio 7.12% -1.55% 11.51% 3.61%

Capital Gain Distribution Analysis

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

Distributions History

View More +

RCIIX - Fund Manager Analysis

Managers

Michael Terwilliger


Start Date

Tenure

Tenure Rank

Apr 20, 2015

7.12

7.1%

Michael Terwilliger serves as the Lead Portfolio Manager. Mr. Terwilliger has more than a decade of credit investment experience, with expertise in a range of products including high yield bonds, distressed debt, structured securities, bank loans and convertibles. From February 2012 until October 2015, Mr. Terwilliger was a Senior Credit Analyst at Shenkman Capital Management, Inc. (“Shenkman”), a prominent institutional credit manager focused on non-investment grade products. At Shenkman, he primarily managed investments in the Retail and Food & Beverage sectors, with total exposure in excess of $1.2bn. From March 2006 until November 2011, Mr. Terwilliger worked as a High Yield Research Analyst at Bank of America-Merrill Lynch (“BAML”). In 2010 and 2011, Institutional Investor recognized Mr. Terwilliger with a #2 ranking in its annual All-America Fixed-Income Research Team for his coverage of the General Manufacturing sector and a #3 ranking in 2011 for his work in the Business Services industries. Before BAML, he was part of the Distressed Debt and Special Situations effort at Friedman Billings Ramsey & Co. In the course of his career, Mr. Terwilliger has covered a wide range of industries, including Cable, Media & Entertainment, Building Products and Energy. Mr. Terwilliger holds a Bachelor of Arts degree from Northwestern University and a Master of Business Administration from the University of Virginia Darden School Of Business. He is also a CFA charter holder.

Edward Goldthorpe


Start Date

Tenure

Tenure Rank

Dec 16, 2020

1.45

1.5%

Mr. Goldthorpe is currently a Partner at BC Partners, having launched the BC Partners Credit platform in February 2017, and also serves as the CEO and Chairman of Mount Logan Capital Inc. From 2012 to 2016, Mr. Goldthorpe worked at Apollo Investment Corporation, serving as the company’s President and the Chief Investment Officer of Apollo Investment Management where he was the head of its US Opportunistic Platform and also oversaw the Private Origination business. Prior to Apollo, he worked at Goldman Sachs for 13 years where he most recently ran the bank loan distressed investing desk, and before that, he worked at Principal Capital Investing for the Special Situations Group. Mr. Goldthorpe holds a Bachelor of Commerce from Queen’s University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.19 5.72 3.19