IGOCX — Rational Real Assets Fund
Data updated: 2024-11-26
IGOCX — Rational Real Assets Fund. United States Multi-Cap / All-Cap Blend / Core Equity · $2.76M AUM. Holdings, fees, performance and SEC filings.
IGOCX Fund Overview
IGOCX — Rational Real Assets Fund is a US mutual fund managed by Mutual Fund & Variable Insurance Trust, categorised as United States Multi-Cap / All-Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Mutual Fund & Variable Insurance Trust
- Category: United States Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $2.76M
- 1-year return: 23.3%
- Ticker: IGOCX
- SEC CIK: 0000810695
- SEC series ID: S000072819
- Share class ID: C000229367
IGOCX Investment Objective and Strategy
Rational Real Assets Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Mutual Fund & Variable Insurance Trust.
Investment objective
The Fund?s investment objective is to seek long-term capital appreciation.
Principal investment strategy
Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in exchange-traded equity securities of ?real assets? companies. The Fund defines ?real assets? companies as those in energy, materials, industrials, real estate and utility sectors. A third-party service provider retained by SL Advisors, LLC, the Fund?s investment sub-advisor (the ?Sub-Advisor?), determines whether a company falls within the energy, materials, industrials, real estate and utility sectors based on the Global Industry Classification Standard. The Fund seeks to achieve its investment objective by investing in securities of real assets companies that the Sub-Adviser expects to increase in value with increased U.S. inflation or with expectations of higher inflation in the future.
The Fund may invest in the common stocks of domestic and foreign companies listed on a U.S. exchange, including American Depositary Receipts (?ADRs?) and real estate investment trusts (?REITs?), and may invest in companies of any market capitalization. The Fund may also invest in exchange traded funds (?ETFs?) to gain exposure to a sector or asset class when obtaining the desired exposure is not available through investment in common stocks or when investment indirectly through an ETF would otherwise be beneficial to the Fund. The portfolio consists of allocations to sectors and/or asset classes, such as those listed above, that the Sub-Advisor believes to have a strong positive correlation to U.S. inflation. The selection of investments within each sector or asset class is based on a dynamic proprietary methodology that seeks to identify stocks that will appreciate when inflation, or market-derived expectations about future inflation, rise.
The Fund will diversify its holding within each sector. From time to time, the Fund may also sell short ETFs invested in sectors or asset classes that the Sub-Advisor believes to have a negative correlation to inflation. Notwithstanding the foregoing, the Fund is not obligated to maintain exposure to all, or any particular, sectors or asset classes noted above, and may be lacking exposure to a particular sector or asset class at a time when such exposure would have been advantageous. The Fund is classified as ?non-diversified? for purposes of the Investment Company Act of 1940 (the ?1940 Act?), which means a relatively high percentage of the Fund?s assets may be invested in the securities of a limited number of issuers.
IGOCX Holdings
Top 10 holdings of Rational Real Assets Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| The Williams Companies, Inc. | 2.39% |
| Targa Resources Corp. | 2.32% |
| Oneok Inc. | 2.22% |
| Welltower OP LLC | 2.05% |
| Cheniere Energy Inc | 1.98% |
| Dupont De Nemours Inc | 1.96% |
| RTX Corp. | 1.96% |
| The Sherwin-Williams Company | 1.92% |
| Ecolab Inc. | 1.88% |
| Freeport-McMoRan Inc. | 1.87% |
IGOCX Portfolio Allocation
Asset-class allocation of Rational Real Assets Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 100.9% |
| Cash & Equivalents | 0.7% |
IGOCX Performance
Total returns for IGOCX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 23.3% |
| 3 years (annualised) | 5.7% |
IGOCX Risk Information
Risk metrics for IGOCX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.5%
IGOCX Costs and Fees
IGOCX costs about $227 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.27%
- Gross expense ratio: 5.46%
- Portfolio turnover: 61%
- Brokerage commissions: 3.07 bps of average net assets (SEC N-CEN)
IGOCX Cashflows
Over the 12 months to 2024-09, Rational Real Assets Fund had net outflows of $451.30K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-09 | $3.38K |
| 2024-08 | −$218.40K |
| 2024-07 | −$233.97K |
| 2024-06 | −$32.90K |
| 2024-05 | −$33.36K |
| 2024-04 | −$196.01K |
IGOCX Debt Constituents
No individual debt constituents are reported in Rational Real Assets Fund's latest SEC N-PORT filing.
IGOCX Prospectus and SEC Filings
Official Rational Real Assets Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-04-26
- Prospectus (485BPOS) — filed 2024-01-18
- Prospectus supplement (497) — filed 2024-05-06
- Portfolio holdings (N-PORT) — filed 2024-11-26
- Portfolio holdings (N-PORT) — filed 2024-08-27
- Portfolio holdings (N-PORT) — filed 2024-05-29
- Annual census (N-CEN) — filed 2024-03-13
- Annual census (N-CEN) — filed 2023-03-14
Related Funds
Other United States Multi-Cap / All-Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.