RMB Fund

 

PORTFOLIO MANAGER

Senior Vice President
Portfolio Manager, RMB Fund
Fact Sheet
Holdings
Semiannual Letter – 6/30/17
 

FUND FACTS

$82.40
Total Net Assets in Millions
(12/31/17)
Morningstar
Rating Overall
(1,216 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 12/31/17 against the following number of U.S. domiciled large growth funds over the following time periods: 1,216 funds in the last three years, 1,109 funds in the last 5 years, and 787 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
1.55%
Expense Ratio
5/1/17
5.00%
Maximum Sales Charge
RMBJX
Class C
74968B704
CUSIP
4/30/2004
Inception Date
2.30%
Expense Ratio
5/1/17
1.00%
Maximum Sales Charge
RMBGX
Class I
74968B886
CUSIP
2/1/2017
Inception Date
1.30%
Expense Ratio
5/1/17
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 12/31/2017
Class A
RMBHX
6/16/1975 Inception
NAV3.99%22.49%8.00%11.09%7.12%10.38%
SEC Return*-1.22%16.38%6.17%9.96%6.57%10.25%
S&P 5006.64%21.83%11.41%15.79%8.50%11.36%
Class C
RMBJX
4/30/2004 Inception
NAV3.76%21.57%7.19%10.26%6.32%7.10%
SEC Return*3.03%20.71%7.19%10.26%6.32%7.10%
S&P 5006.64%21.83%11.41%15.79%8.50%8.90%
Class I
RMBGX
2/1/2017 Inception
NAV4.05%
20.52%
S&P 5006.64%
19.50%

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 12/31/17
Alphabet Inc. Class A 5.01%
Apple Inc. 4.77%
American Tower Corp. 4.76%
Visa Inc. Class A 4.37%
IHS Markit Ltd. SHS 4.24%
Servicemaster Global 4.23%
Amgen Inc. 4.22%
STERIS Plc. 4.14%
Becton Dickinson & Co. 4.02%
Microsoft Corp. 4.01%
Holdings Statistics
As of 12/31/17
30
Total Number of Holdings
43.78%
% Assets in
Top 10 Holdings
45.44%
Turnover Ratio