RCEMX — Rimrock Emerging Markets Corporate Credit Fund

RCEMX Fund Overview

RCEMX — Rimrock Emerging Markets Corporate Credit Fund is a US mutual fund managed by Rimrock Funds Trust, categorised as Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Rimrock Funds Trust
• Category: Corporate Bond
• Assets under management: $6.67M
• 1-year return: 2.5%
• Ticker: RCEMX
• SEC CIK: 0001753394
• SEC series ID: S000069634
• Share class ID: C000222110

RCEMX Investment Objective and Strategy

Rimrock Emerging Markets Corporate Credit Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Rimrock Funds Trust.

Investment objective

The Rimrock Emerging Markets Corporate Credit Fund (the Fund) seeks to maximize long -term total return, consistent with the preservation of capital.

Principal investment strategy

The Fund pursues its objective by investing, under normal circumstances, at least 80% of its net assets (plus borrowings for investment purposes) in a diversified portfolio of corporate fixed income securities that are economically tied to emerging market countries. The Fund may invest in debt securities of government, government -related and corporate issuers in emerging market countries, as well as entities organized to restructure the outstanding debt of such issuers. Such instruments may be denominated in non -U .S. currencies and the U.S. dollar. The Fund may also invest in mortgage- or asset -backed securities or preferred securities of emerging market issuers. The Fund may also, to a lesser extent, invest in interests of real estate investment trusts (REITs) that are economically tied to emerging markets.

The Fund will use the J.P. Morgan Corporate Emerging Markets Bond Index Broad Diversified (CEMBI Broad Diversified) (the EMCB Index) as its benchmark. At times, the Fund may have significant investment exposure to securities issued by companies in the financial sector, but will typically seek to limit such exposure to no more than 10% of the exposure to such financial sector securities represented in the EMCB Index. Under normal conditions, the Funds average portfolio duration typically will vary within two years from that of the portfolio duration of the securities comprising the EMCB Index, as calculated by Rimrock. As of June 30, 2022, the EMCB Indexs duration was 4.43 years. Duration is a measure of the expected life of a fixed income security that is used to determine the sensitivity of a securitys price to changes in interest rates.

The longer a securitys duration, the more sensitive it will be to changes in interest rates. Rimrock has broad discretion to identify countries that it considers to qualify as emerging markets. The Fund typically will focus on countries with relatively low gross national product per capita and which Rimrock believes demonstrate a potential for rapid economic growth. The Funds country and currency composition will be based on Rimrocks evaluation of relative interest rates, inflation rates, exchange rates, monetary and fiscal policies, trade and current account balances, industry and sector developments, legal and political developments, macroeconomic trends and any other specific factors that Rimrock believes to be relevant. In lieu of investing directly in emerging market issuers or currencies, the Fund may invest in derivative instruments including futures, forwards, options and swaps whose return is based on the return of an emerging market security or emerging market currency.

The Fund may use derivatives for risk management and hedging purposes, or to seek to increase income or gains for the Fund. In particular, the Fund may buy credit default swaps in an attempt to manage credit risk where the Fund has credit exposure to an issuer and the Fund may sell credit default swaps to more efficiently gain credit exposure to a security or basket of securities. The Fund may invest in both investment -grade and non -investment grade or high yield fixed income securities (also referred to as junk bonds), subject to a maximum of 20% of its total assets in securities rated below B by Moodys Investors Service, Inc. (Moodys), Standard & Poors Ratings Services (S&P) or Fitch, Inc. (Fitch), or, if unrated, as determined by Rimrock to be of comparable quality. There is no bottom limit on the ratings of securities that may be purchased or held by the Fund, and the Fund may also invest in debt securities of distressed issuers or issuers in default at the time of purchase.

The Fund will not invest more than 15% of its net assets in illiquid securities. The Fund may also seek to obtain market exposure to the securities in which it invests by entering into repurchase agreements and reverse repurchase agreements, engaging in short sales, purchasing or selling securities on a when -issued , delayed delivery or forward commitment basis, or by using other investment techniques. The Funds investment objective is not fundamental and may be changed by the Board of Trustees without shareholder approval.

RCEMX Performance

Total returns for RCEMX (as of 2026-10-01), from SEC filings.

RCEMX Risk Information

Risk metrics for RCEMX, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 11.0%

RCEMX Costs and Fees

RCEMX costs about $70 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.70%
• Gross expense ratio: 4.53%
• Portfolio turnover: 112%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

RCEMX Cashflows

Over the 12 months to 2023-02, Rimrock Emerging Markets Corporate Credit Fund had net inflows of $355.52K, from monthly SEC N-PORT filings.

RCEMX Debt Constituents

No individual debt constituents are reported in Rimrock Emerging Markets Corporate Credit Fund's latest SEC N-PORT filing.

RCEMX Prospectus and SEC Filings

Official Rimrock Emerging Markets Corporate Credit Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2022-09-28
• Prospectus (485BPOS) — filed 2021-09-27
• Prospectus supplement (497) — filed 2020-10-06
• Portfolio holdings (N-PORT) — filed 2023-04-20
• Portfolio holdings (N-PORT) — filed 2023-01-26
• Portfolio holdings (N-PORT) — filed 2022-10-06
• Annual census (N-CEN) — filed 2023-04-19
• Annual census (N-CEN) — filed 2022-07-25

Related Funds

Other Corporate Bond funds tracked on ABC INVEST:

• First Trust Preferred Securities and Income ETF (FPE)
• Nuveen Preferred Securities and Income Fund (NPSAX)
• Spectrum Preferred and Capital Securities Income Fund (PNARX)
• Invesco Variable Rate Preferred ETF (VRP)
• First Trust Institutional Preferred Securities and Income ETF (FPEI)

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.