RMB International Fund

RMBTX

$314.6M

AUM as of 08/31/2021

0.98%

Expense Ratio as of 05/01/2021

74968B860

CUSIP

0.00%

Maximum Sales Charge

12/27/2017

Inception Date

Investment Philosophy  

The Fund seeks capital appreciation. The Fund pursues its goal by investing, under normal conditions, in at least three different countries and by investing at least 40% of its total assets in securities of non-U.S. issuers—companies that either are organized or have their principal place of business outside the U.S. or that do a majority of their business outside the U.S. The Fund’s non-U.S. investments will be primarily in developed markets, but the Fund may invest in emerging markets. There are no geographic limits on the Fund’s non-U.S. investments.

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. At times, the Fund may increase the relative emphasis of its investments in a particular region, country, sector, industry, or other segment of the market.

The Adviser uses a fundamental, bottom-up approach to identify what it believes are quality companies, as evidenced by the durability of a company’s business model (strong competitive advantages and high barriers to entry), a company’s financial strength (greater returns on capital, free cash flow generation, healthy balance sheets), the presence of long-term growth, and a value-accretive management team. From time to time, the Fund may invest in companies that are experiencing unusual and possibly unique developments. Potential investments in the stock of these companies are usually the result of the research process, which can uncover companies that are otherwise outside of the standard investment criteria employed by the Fund, but may have opportunities for significant returns.

 

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

Performance

Portfolio Characteristics

As of 06/30/2021

Turnover Ratio

Turnover Ratio or Turnover Rate is the percentage of a mutual fund or other portfolio's holdings that have been replaced in a 12-month period.

34.35%

Weighted Average Market Cap

Weighted Average Market Capitalization refers to a type of stock market index construction that is based on the market capitalization of the index's constituent stocks; large companies would, therefore, account for a greater portion of an index than smaller stocks.

$79,140M

Active Share

Active Share is a measure of the percentage of stock holdings in a manager's portfolio that differs from the benchmark index.

85.99%

Standard Deviation

Standard Deviation is a statistic that measures the dispersion of a dataset relative to its mean. The standard deviation is calculated as the square root of variance by determining each data point's deviation relative to the mean. If the data points are further from the mean, there is a higher deviation within the data set; thus, the more spread out the data, the higher the standard deviation.

17.19%

Beta vs. Benchmark

Beta is a measure of a stock's volatility in relation to the overall market. If a stock moves less than the market, the stock's beta is less than 1.0. High-beta stocks are supposed to be riskier but provide higher return potential; low-beta stocks pose less risk but also lower returns.

0.98

Top Ten Holdings View full list of holdings

As of 08/31/2021

Top Ten Holdings Top Ten Holdings Circle Graph Lonza Group AG 4.47% Chart segment spanning Lonza Group AG% of the whole. 112.22857142857 Chart segment spanning 87.228571428571% of the whole. Lloyds Banking Group PLC 3.71% Chart segment spanning Lloyds Banking Group PLC% of the whole. 101.62857142857 Chart segment spanning 76.628571428571% of the whole. LVMH Moet Hennessy Louis Vuitton SE 3.67% Chart segment spanning LVMH Moet Hennessy Louis Vuitton SE% of the whole. 91.142857142857 Chart segment spanning 66.142857142857% of the whole. ASML Holding NV 3.61% Chart segment spanning ASML Holding NV% of the whole. 80.828571428571 Chart segment spanning 55.828571428571% of the whole. Kerry Group PLC 3.53% Chart segment spanning Kerry Group PLC% of the whole. 70.742857142857 Chart segment spanning 45.742857142857% of the whole. Rentokil Initial PLC 3.53% Chart segment spanning Rentokil Initial PLC% of the whole. 60.657142857143 Chart segment spanning 35.657142857143% of the whole. Nestle SA 3.28% Chart segment spanning Nestle SA% of the whole. 51.285714285714 Chart segment spanning 26.285714285714% of the whole. Novartis AG 3.11% Chart segment spanning Novartis AG% of the whole. 42.4 Chart segment spanning 17.4% of the whole. Sampo PLC 3.05% Chart segment spanning Sampo PLC% of the whole. 33.685714285714 Chart segment spanning 8.6857142857143% of the whole. Mitsui Fudosan Co. Ltd.  3.04% Chart segment spanning Mitsui Fudosan Co. Ltd. % of the whole. 25 Chart segment spanning -3.5527136788005E-15% of the whole.

Number of Holdings

42

% in Top Ten Holdings

35.00%

Total Fund AUM

$314.6M

Sector Weights

As of 06/30/2021

Sector Weights Sector Weights Circle Graph Financials 17.66% Chart segment spanning Financials% of the whole. 106.8667214293 Chart segment spanning 81.866721429305% of the whole. Industrials 15.47% Chart segment spanning Industrials% of the whole. 90.98213368929 Chart segment spanning 65.98213368929% of the whole. Health Care 14.47% Chart segment spanning Health Care% of the whole. 76.12434541534 Chart segment spanning 51.12434541534% of the whole. Consumer Discretionary 12.36% Chart segment spanning Consumer Discretionary% of the whole. 63.433104014786 Chart segment spanning 38.433104014786% of the whole. Consumer Staples 12.09% Chart segment spanning Consumer Staples% of the whole. 51.019098470069 Chart segment spanning 26.019098470069% of the whole. Information Technology  11.30% Chart segment spanning Information Technology % of the whole. 39.416264503542 Chart segment spanning 14.416264503542% of the whole. Materials 6.21% Chart segment spanning Materials% of the whole. 33.039839819283 Chart segment spanning 8.0398398192833% of the whole. Communication Services 3.15% Chart segment spanning Communication Services% of the whole. 29.805421501181 Chart segment spanning 4.8054215011808% of the whole. Energy 2.37% Chart segment spanning Energy% of the whole. 27.371906766608 Chart segment spanning 2.3719067666085% of the whole. Real Estate 2.31% Chart segment spanning Real Estate% of the whole. 25 Chart segment spanning 1.4210854715202E-14% of the whole. Utilities 0.00% Chart segment spanning Utilities% of the whole. 25 Chart segment spanning 1.4210854715202E-14% of the whole.

Life Cycle Learn more about this approach

As of 06/30/2021

Rockets

Golden Goodies

Falling Angels

Corks

Turn Arounds

40%

30%

20%

10%

0%

Country Weights

As of 06/30/2021

28.40%Japan

23.57%United Kingdom

10.54%Switzerland

9.02%France

4.79%Germany

4.69%Spain

3.62%Ireland

3.24%Netherlands

3.17%Finland

2.61%Israel

2.55%United States

1.89%Australia

1.36%Hong Kong

0.48%Sweden

Documents

RMB International Fund Materials

Archive

 

 

The Funds’ investment adviser, RMB Capital Management, LLC, has adopted a contractual expense limitation agreement for each Fund through April 30, 2022, reducing the applicable Fund’s operating expenses so that the Fund’s total return and yield is increased. This may be continued from year to year thereafter if agreed upon by all parties. In the absence of such waivers and/or reimbursements, the applicable Fund’s total return and yield would be lower.

Principal Risks
As with any mutual fund, there is no guarantee that the Fund will achieve its objective. The Fund’s share price fluctuates, which means you could lose money by investing in the Fund. The Fund is not a complete investment program and should be considered only as part of an investment portfolio. The principal risks of investing in the Fund are detailed in the Summary Prospectus.

Index Definition

  • The MSCI EAFE Index measures international equity performance. It comprises the MSCI country indices that represent developed markets outside of North America: Europe, Australasia, and the Far East. The index does not reflect investment management fees, brokerage commissions, or other expenses associated with investing in equity securities. A direct investment in an index is not possible. Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or f ina ncial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.