RMB Dividend Growth Fund

Formerly the IronBridge Large Cap Fund

 

PORTFOLIO MANAGER

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

FUND FACTS

$35.5
Total Net Assets in Millions
(6/30/19)
Morningstar
Rating Overall
(1,235 funds in the large growth category based on risk-adjusted returns)
$100,000
Minimum Investment
0%
Redemption Charge

Ratings reflect fee waivers in effect; in their absence, ratings may have been lower. The Morningstar Rating ™ 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 Dividend Growth Fund Class I was rated as of 6/30/2019 against the following number of U.S. domiciled large growth funds over the following time periods: 1,235 funds in the last 3 years, 1,100 funds in the last 5 years, and 812 funds in the last 10 years. With respect to these funds, the RMB Dividend Growth Fund Class I received a Morningstar rating of 2, 3, and N/A stars for the 3, 5, and 10-year periods, respectively. Past performance is no guarantee of future results.

RMBDX
Class I
74968B787
CUSIP
3/30/2012
Inception Date
0.81%
Expense Ratio1
6/24/19
No Sales Charge
 

PHILOSOPHY

Investment Philosophy

The RMB Dividend Growth Fund seeks capital appreciation and current income by investing in a diverse portfolio consisting primarily of common stocks. The foundation of the Fund’s strategy is that stock prices follow earnings growth over time, and that mature companies with a consistent history of raising dividend payments enhance the risk/return profile of the portfolio. We believe we can add value over the long term by purchasing shares of quality businesses in growing industries that are trading below our estimate of fair value.

Investment Approach

  • Conduct fundamental, bottom-up research
  • Search for quality growth companies across the market-cap spectrum that have consistently raised their dividends
  • Focus on companies that consistently exhibit faster growth than peers and present the opportunity for valuation expansion

Portfolio Profile

  • Concentrated portfolio of high-conviction ideas (20-30 positions)
  • Low turnover (typically two- to three-year holding period)
  • Average position size generally 4%
 

PROCESS

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PERFORMANCE

RMB Dividend Growth Fund Class
Quarter1 Year3 Year5 Year10 YearSince Inception
As of 06/30/2019
Class I
RMBDX
03/30/2012 Inception
NAV4.57%13.12%13.35%10.09%
11.97%
RUSSELL 1000® Index4.25%10.02%14.15%10.45%
12.96%

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.