RMB Fund

 

PORTFOLIO MANAGER

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

FUND FACTS

$81.5
Total Net Assets in Millions
(9/30/18)
Morningstar
Rating Overall
(1,258 funds in the large growth category based on risk-adjusted returns)
$2,500
Minimum Investment
0%
Redemption Charge

Ratings reflect fee waivers in effect; in their absence, ratings may have been lower. The Morningstar RatingTM for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product 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. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. The RMB Fund Class A was rated as of 9/30/18 against the following number of U.S. domiciled large growth funds over the following time periods: 1,258 funds in the last three years, 1,129 funds in the last 5 years, and 818 funds in the last 10 years. With respect to these large growth funds, the RMB Fund Class A received a Morningstar rating of 1, 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
1.29%
Expense Ratio
5/1/18
5.00%
Maximum Sales Charge
RMBJX
Class C
74968B704
CUSIP
4/30/2004
Inception Date
2.04%
Expense Ratio
5/1/18
1.00%
Maximum Sales Charge
RMBGX
Class I
74968B886
CUSIP
2/1/2017
Inception Date
1.04%
Expense Ratio
5/1/18
No Sales Charge
 

PHILOSOPHY

Investment Philosophy

The RMB Fund seeks capital appreciation by investing in a diverse portfolio primarily consisting of common stocks. The Fund invests in high quality companies of all market capitalizations with a focus on businesses that have sustainable, long term competitive advantages. Portfolio companies may range from small and mid-sized businesses that are earlier in their growth life cycle, to larger more mature companies that return capital to shareholders through increasing dividend payments and share buy-backs. High quality companies are generally defined as companies with product leadership, that have potential for sustained operating and revenue growth and that are run by strong management teams that allocate shareholder capital wisely and align their economic interests with shareholders. The Fund employs a long-term approach when selecting stocks, and seeks to own businesses that have durable franchises that can weather the ups and downs of volatile business cycles.

Investment Approach

  • Potential for sustained operating and revenue growth
  • Product leadership and strong management teams that focus on enhancing shareholder value
  • Companies with histories of paying regular dividends
  • Securities that appear undervalued by the market or that seem to be poised to benefit from restructuring or similar business changes
 

PROCESS

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PERFORMANCE

RMB Fund
Quarter1 Year3 Year5 Year10 YearSince Inception
As of 09/30/2018
Class A
RMBHX
6/16/1975 Inception
NAV6.97%16.57%11.83%10.55%11.17%10.48%
SEC Return**1.62%10.73%9.93%9.42%10.60%10.35%
S&P 500 TR7.71%17.91%17.31%13.95%11.97%11.43%
Class C
RMBJX
4/30/2004 Inception
NAV6.80%15.67%10.99%9.72%10.35%7.53%
SEC Return**5.80%14.85%10.99%9.72%10.35%7.53%
S&P 500 TR7.71%17.91%17.31%13.95%11.97%9.18%
Class I
RMBGX
2/1/2017 Inception
NAV7.04%16.81%
19.97%
S&P 500 TR7.71%17.91%
18.27%

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.