RMB Japan Fund

 

PORTFOLIO MANAGER

Partner
Portfolio Manager, RMB Japan Fund
Fact Sheet
Holdings
Commentary
 

FUND FACTS

$19.9
Total Net Assets in Millions
(6/30/18)
$100,000
Minimum Investment
0%
Redemption Charge
RMBPX
Class I
74968B852
CUSIP
12/27/2017
Inception Date
1.30%
Expense Ratio
5/1/18
No Sales Charge
 

PHILOSOPHY

Investment Philosophy

The Fund seeks capital appreciation. The Fund pursues its goal by investing, under normal conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of Japanese companies.

The Fund primarily invests in equity securities, including common stocks, preferred stocks, warrants and other rights, and securities convertible into or exchangeable for common stocks. The Fund may invest in companies of any size. The portion of the Fund’s assets invested in small, medium, or large companies is expected to vary over time. The Fund will target a balanced approach with allocations across the market capitalization spectrum.

The Adviser uses a fundamental, bottom-up research approach. Fundamental analysis includes evaluation of management teams and shareholder structure, and examination of competitive positioning and industry dynamics, including pricing power, stable free cash flow, and barriers to entry. The Fund will seek to buy companies when the Adviser believes the companies have a sustainable competitive advantage, strong free cash flow, and reasonable valuations relative to their long-term potential. The Fund will sell securities when they are no longer trading below their intrinsic value, when the Adviser believes there has been a deterioration in the company’s fundamentals and/or a change in the company’s business outlook, or when a better use of capital presents itself.

Investment Approach

  • Seek companies with strong management, sound financial practices, and a defensible business niche
  • Focus on firms with sustainable growth in earnings, revenue, and cash flow
  • Identify undervalued equities that are temporarily mispriced relative to their long-term potential and where their stock prices reflect reasonable valuations
 

PROCESS

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PERFORMANCE

RMB Japan Fund
Quarter1 Year3 Year5 Year10 YearSince Inception
As of 06/30/2018
Class I
RMBPX
12/27/2017 Inception
NAV-2.90%
-2.80%
MSCI Japan Index-2.84%
-2.15%

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.