RMB Fund

 

PORTFOLIO MANAGER

Senior Vice President
Portfolio Manager, RMB Fund
Fact Sheet PDF
Holdings PDF
Commentary PDF
 

FUND FACTS

$83.8
Total Net Assets in Millions
(12/31/16)
Morningstar
Rating Overall
(1,315 funds in the large growth category based on risk-adjusted returns)
$2,500
Minimum Investment
2%
Redemption Charge

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Total Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and ten-year (if applicable) Morningstar Rating metrics. The RMB Fund Class A was rated as of 12/31/2016 against the following number of U.S. domiciled large growth funds over the following time periods: 1,315 funds in the last three years, 1,154 funds in the last 5 years, and 809 funds in the last 10 years. With respect to these large growth funds, the RMB Fund Class A received a Morningstar rating of 2, 1, and 3 stars for the 3, 5, and 10 year periods, respectively. Past performance is no guarantee of future results.

RMBHX
Class A
74968B605
CUSIP
6/16/1975
Inception Date
1.38%
Expense Ratio
7/1/16
5.00%
Maximum Sales Charge
RMBJX
Class C
74968B704
CUSIP
4/30/2004
Inception Date
2.13%
Expense Ratio
7/1/16
1.00%
Maximum Sales Charge
RMBGX
Class I
74968B886
CUSIP
2/1/2017
Inception Date
1.13%
Expense Ratio
2/1/17
No Sales Charge
 

PHILOSOPHY

Investment Philosophy
The RMB Fund seeks capital appreciation, mainly long term; income is a secondary consideration. The Fund pursues its goals by investing in a diverse portfolio, primarily consisting of common stocks. It invests in large-capitalization stocks (i.e., companies with a capitalization generally of $14 billion or more, commonly known as “blue-chip”), which are usually issued by well-established companies. Under normal conditions, the advisor intends to remain fully invested with only minimal investments in cash, short-term debt instruments, or money market funds.

Investment Approach

  • Seek companies with product leadership and strong management with focus on shareholder value
  • Search for opportunities in companies currently restructuring or determined to be undervalued with a potential catalyst for recovery
  • Identify companies with potential for sustainable growth and/or offering steadily increasing dividends
 

PROCESS

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PERFORMANCE

RMB Fund
Quarter1 Year3 Year5 Year10 YearSince Inception
As of 12/31/2016
Class A
RMBHX
6/15/1975 Inception
NAV0.43%1.32%3.58%9.23%6.47%10.10%
SEC Return*-4.59%-3.76%1.83%8.12%5.93%9.97%
S&P 500 TR3.82%11.96%8.87%14.66%6.95%11.12%
S&P 500 PR3.25%9.54%6.60%12.23%4.67%8.03%
Class C
RMBJX
4/30/2004 Inception
NAV0.21%0.53%2.80%8.41%5.68%6.04%
SEC Return*-0.50%-0.19%2.80%8.41%5.68%6.04%
S&P 500 TR3.82%11.96%8.87%14.66%6.95%7.94%
S&P 500 PR3.25%9.54%6.60%12.23%4.67%5.71%
Class I
RMBGX
2/1/2017 Inception
NAV
S&P 500 TR
S&P 500 PR

The performance data quoted represents past performance and is not a guarantee of future results. The investment return and principal value of an investment will fluctuate, so that those shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the data quoted due to market volatility. To obtain performance as of the most recent month end, please call 1-800-462-2392.

 

HOLDINGS

Top Ten Holdings
As of 1/31/17
Apple Inc. 5.15%
Berkshire Hathaway Inc. 4.93%
Alphabet Inc. Class A 4.92%
Costco Wholesale Corporation 4.54%
Visa Inc. Class A 4.27%
Home Depot Inc. 4.13%
Alphabet Inc. Class C 3.84%
Amgen Inc. 3.76%
IHS Markit Ltd. SHS 3.67%
Macquarie Infrastructure Corporation 3.57%
Holdings Statistics
As of 1/31/17
30
Total Number of Holdings
42.76%
% Assets in
Top 10 Holdings
61.54%
Turnover Ratio
 

FUND MATERIALS

Fact Sheet

As of 12/31/16
Download

Holdings

As of 12/31/16
Download

Commentary

As of 6/30/16
Download

Prospectus – Class A & C

As of 1/25/17
Download

Prospectus – Class I

As of 1/25/17
Download

Semiannual Report

As of 6/30/16
Download

Statement of Additional Information

As of 1/25/17
Download

* SEC return includes maximum sales charges and all expenses.

© 2017 Morningstar, Inc. All Rights Reserved. The information contained herein: 1) is proprietary to Morningstar and/or its content providers; 2) may not be copied or distributed; and 3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. The Morningstar Style Box™ reveals a fund’s investment strategy. For equity funds, the vertical axis shows the market capitalization of the long stocks owned and the horizontal axis shows investment style (value, blend or growth).

The Funds’ investment adviser, RMB Capital Management, LLC, has adopted a contractual expense limitation agreement for each fund through April 30, 2017, reducing the applicable fund’s operating expenses so that the fund’s total return and yield is increased. This may be continued from year to year thereafter if agreed upon by all parties. In the absence of such waivers and/or reimbursements, the applicable Fund’s total return and yield would be lower.

All investing involves risk including the possible loss of principal. The RMB Fund invests in larger, more established companies, which may not respond as quickly to competitive challenges or have higher growth rates than smaller companies might have during periods of economic expansion. There can be no assurance that the Fund will achieve its investment objective.

Different classes of shares carry different fees and expenses. The RMB Fund currently offers three classes (A, C and I shares). Class A has a maximum front-end sales charge of 5.0%, Class C has a maximum contingent deferred sales charge of 1.0%, and Class I has waived load with $1,000,000 minimum investment. Class A sales charges are waived for clients of investment intermediaries, or for those who purchase shares via no-transaction fee platforms. Each share class charges a 2.00% short-term redemption fee on proceeds from shares redeemed (either by selling or exchanging into another fund) within 30 days after purchase.

Index Definitions

  • The S&P 500 Index TR is widely regarded as the best single gauge of the U.S. equity market. It includes 500 leading companies in leading industries of the U.S. economy. The index focuses on the large-cap segment of the market and covers approximately 75% of U.S. The index includes dividends reinvested.
  • The S&P 500 Index PR is widely regarded as the best single gauge of the U.S. equity market. It includes 500 leading companies in leading industries of the U.S. economy. The index focuses on the large-cap segment of the market and covers approximately 75% of U.S. This is a price index and does not include reinvested dividends.

An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.