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

$278.8
Total Net Assets in Millions
(05/31/21)
$2,500
Minimum Investment
0%
Redemption Charge
RMBKX
Class A
74968B407
CUSIP
6/7/1999
Inception Date
1.42%
Expense Ratio
5/1/21
5.00%
Maximum Sales Charge
RMBNX
Class C
74968B506
CUSIP
4/29/2005
Inception Date
2.18%
Expense Ratio
5/1/21
1.00%
Maximum Sales Charge
RMBLX
Class I
74968B803
CUSIP
2/1/2017
Inception Date
1.17%
Expense Ratio
5/1/21
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 03/31/2021
Class A
RMBKX
6/7/1999 Inception
NAV30.14%113.70%6.50%13.91%13.67%12.78%
SEC Return**23.63%103.02%4.69%12.75%13.08%12.52%
NASDAQ Bank Index TR28.59%91.64%6.67%13.92%12.05%6.70%
Class C
RMBNX
4/29/2005 Inception
NAV29.92%112.13%5.70%13.06%12.82%8.56%
SEC Return**28.92%111.13%5.70%13.06%12.82%8.56%
NASDAQ Bank Index TR28.59%91.64%6.67%13.92%12.05%5.40%
Class I
RMBLX
2/1/2017 Inception
NAV30.23%114.25%6.76%
8.88%
NASDAQ Bank Index TR28.59%91.64%6.67%
7.16%

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.