RMB International Fund

RMBTX

$291.6M

AUM as of 06/30/2021

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 03/31/2021

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.

$70,451M

Active Share

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

85.89%

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.

17.74%

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.

0.99

Top Ten Holdings View full list of holdings

As of 06/30/2021

Top Ten Holdings Top Ten Holdings Circle Graph Lloyds Banking Group PLC 4.33% Chart segment spanning Lloyds Banking Group PLC% of the whole. 112.67785998862 Chart segment spanning 87.677859988617% of the whole. LVMH Moet Hennessy Louis Vuitton SE 4.21% Chart segment spanning LVMH Moet Hennessy Louis Vuitton SE% of the whole. 100.69721115538 Chart segment spanning 75.697211155378% of the whole. Lonza Group AG 4.05% Chart segment spanning Lonza Group AG% of the whole. 89.171883892999 Chart segment spanning 64.171883892999% of the whole. Kerry Group PLC 3.63% Chart segment spanning Kerry Group PLC% of the whole. 78.841775754126 Chart segment spanning 53.841775754126% of the whole. Novartis AG 3.31% Chart segment spanning Novartis AG% of the whole. 69.422310756972 Chart segment spanning 44.422310756972% of the whole. Rentokil Initial PLC 3.26% Chart segment spanning Rentokil Initial PLC% of the whole. 60.145133750711 Chart segment spanning 35.145133750711% of the whole. ASML Holding NV 3.22% Chart segment spanning ASML Holding NV% of the whole. 50.981787137166 Chart segment spanning 25.981787137166% of the whole. Nestle SA 3.17% Chart segment spanning Nestle SA% of the whole. 41.960728514513 Chart segment spanning 16.960728514513% of the whole. Subaru Corp.  3.01% Chart segment spanning Subaru Corp. % of the whole. 33.394991462721 Chart segment spanning 8.3949914627206% of the whole. Grifols SA 2.95% Chart segment spanning Grifols SA% of the whole. 25 Chart segment spanning 7.105427357601E-15% of the whole.

Number of Holdings

43

% in Top Ten Holdings

35.14%

Total Fund AUM

$291.6M

Sector Weights

As of 03/31/2021

Sector Weights Sector Weights Circle Graph Financials 17.33% Chart segment spanning Financials% of the whole. 105.75299866726 Chart segment spanning 80.752998667259% of the whole. Industrials 16.45% Chart segment spanning Industrials% of the whole. 87.48334073745 Chart segment spanning 62.48334073745% of the whole. Health Care 14.43% Chart segment spanning Health Care% of the whole. 71.457130164371 Chart segment spanning 46.457130164371% of the whole. Information Technology 12.08% Chart segment spanning Information Technology% of the whole. 58.040870724123 Chart segment spanning 33.040870724123% of the whole. Consumer Staples 11.93% Chart segment spanning Consumer Staples% of the whole. 44.791203909374 Chart segment spanning 19.791203909374% of the whole. Consumer Discretionary 10.93% Chart segment spanning Consumer Discretionary% of the whole. 32.652154597956 Chart segment spanning 7.6521545979565% of the whole. Communication Services 4.09% Chart segment spanning Communication Services% of the whole. 28.109729009329 Chart segment spanning 3.1097290093292% of the whole. Energy 2.26% Chart segment spanning Energy% of the whole. 25.599733451799 Chart segment spanning 0.59973345179923% of the whole. Real Estate 0.54% Chart segment spanning Real Estate% of the whole. 25 Chart segment spanning 2.8421709430404E-14% of the whole. Utilities 0.00% Chart segment spanning Utilities% of the whole. 25 Chart segment spanning 2.8421709430404E-14% of the whole.

Life Cycle Learn more about this approach

As of 03/31/2021

Rockets

Golden Goodies

Falling Angels

Corks

Turn Arounds

30%

20%

10%

0%

Country Weights

As of 03/31/2021

31.90%Japan

20.90%United Kingdom

9.10%Switzerland

9.00%France

6.00%Spain

5.10%Germany

3.60%Ireland

3.50%Finland

3.20%Netherlands

2.60%Israel

1.80%Australia

1.50%Hong Kong

1.10%Sweden

0.90%United States

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.