River Canyon Total Return Bond Fund - Institutional Shares
RCTIX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- Columbus, OH 43214 Columbus OH United States of America 43214
- IPO Date
- Jan 7, 2015
- CIK
- 0001516523
- Website
- rivercanyonfunds.com
- Similar Companies
- Business
- River Canyon Total Return Bond Fund (Institutional Shares; ticker: RCTIX) is a credit-oriented mutual fund that seeks to maximize total return through income and capital appreciation by investing, under normal conditions, at least 80% of its assets in bonds, including mortgage-backed securities, debt securities, exchange-traded funds investing principally in bonds, and other fixed income instruments issued by governmental or private-sector entities. The fund's portfolio emphasizes asset-backed securities (43.10%), corporate bonds (20.35%), bank loans (12.03%), agency mortgage-backed securities (6.44%), residential mortgage-backed securities, collateralized mortgage obligations, commercial mortgage-backed securities, post-crisis collateralized loan obligations, and real estate investment trusts, with approximately 30% allocated to floating-rate instruments, an average duration of 3.65 years, and total net assets of $1.78 billion as of the latest reporting. River Canyon Fund Management LLC, a subsidiary of Canyon Partners, LLC, serves as the investment adviser, leveraging the parent firm's global alternative asset management platform and team of over 49 investment professionals headquartered in Dallas, Texas; the fund was launched on December 30, 2014. The fund targets institutional investors with a minimum initial investment of $100,000 for institutional shares and operates primarily in the multisector bond category, domiciled in the United States and available for sale within the country. It maintains a net expense ratio of 0.67% (gross 0.86%), with monthly dividend distributions yielding 7.57% (trailing 12-month at NAV) and a 30-day SEC yield of 7.42% (subsidized). Portfolio management is led by Sam Reid (since March 2022), Adam Rizkalla (since January 2023), and Jeffrey Kivitz (since December 2024), following the departure of prior manager George Jikovski in 2022, during which Todd Lemkin and Sam Reid served as interim managers. Recent developments include surpassing $1 billion in assets under management in 2022, driven by consistent outperformance relative to the Bloomberg U.S. Aggregate Bond Index across varied market conditions. The fund received consecutive U.S. Refinitiv Lipper Fund Awards in the Multi-Sector Income category for the 3-year (2022) and 5-year (2023) periods ending December 31, 2022, recognizing superior risk-adjusted returns. River Canyon Fund Management has contractually agreed to waive fees to cap total annual operating expenses at 0.65% through January 28, 2026.