RMB Mendon Financial Services Fund

 

PORTFOLIO MANAGER

Senior Portfolio Manager, RMB Mendon Financial Services Fund and RMB Mendon Financial Long/Short Fund
Fact Sheet
Holdings
Commentary
 

FUND FACTS

$710.7
Total Net Assets in Millions
(6/30/18)
Morningstar
Rating Overall
(95 funds in the financial category based on risk-adjusted returns)
$2,500
Minimum Investment
0%
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 6/30/18 against the following number of U.S. domiciled large growth funds over the following time periods: 95 funds in the last three years, 90 funds in the last 5 years, and 70 funds in the last 10 years. With respect to these large growth funds, the RMB Fund Class A received a Morningstar rating of 5, 5, and 5 stars for the 5, 5, and 10 year periods, respectively. Past performance is no guarantee of future results.

RMBKX
Class A
74968B407
CUSIP
6/7/1999
Inception Date
1.33%
Expense Ratio
5/1/18
5.00%
Maximum Sales Charge
RMBNX
Class C
74968B506
CUSIP
4/29/2005
Inception Date
2.08%
Expense Ratio
5/1/18
1.00%
Maximum Sales Charge
RMBLX
Class I
74968B803
CUSIP
2/1/2017
Inception Date
1.08%
Expense Ratio
5/1/18
No Sales Charge
 

PHILOSOPHY

Investment Philosophy

The RMB Mendon Financial Services Fund seeks capital appreciation. The Fund pursues its goal by investing at least 80% of its net assets (including borrowing, if any) in stocks of U.S. companies in the financial services sector. It may invest in companies of any size, but, under normal conditions, the fund invests primarily in small-capitalization stocks. Under normal conditions, the Fund intends to remain fully invested with only minimal investments in cash, short-term debt instruments, or money market funds.

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 distressed and have M&A potential
 

PROCESS

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PERFORMANCE

RMB Mendon Financial Services Fund
Quarter1 Year3 Year5 Year10 YearSince Inception
As of 09/30/2018
Class A
RMBKX
6/7/1999 Inception
NAV-3.76%5.89%18.19%16.86%12.84%13.43%
SEC Return**-8.57%0.60%16.18%15.66%12.26%13.12%
NASDAQ Bank Index-2.16%3.29%13.44%11.70%5.24%4.12%
Class C
RMBNX
4/29/2005 Inception
NAV-3.95%5.06%17.30%15.99%12.00%8.83%
SEC Return**-4.91%4.08%17.30%15.99%12.00%8.83%
NASDAQ Bank Index-2.16%3.29%13.44%11.70%5.24%2.58%
Class I
RMBLX
2/1/2017 Inception
NAV-3.71%6.13%
9.88%
NASDAQ Bank Index-2.16%3.29%
4.24%

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.