RMB Mendon Financial Services Fund

RMBLX

RMBKX

RMBNX

$206.3M

RMB Mendon Financial Services Fund Aggregate AUM
as of 06/30/2025

$137.5M

Class I AUM
As of 06/30/2025

74968B803

CUSIP

0.00%

Maximum Sales Charge

02/01/2017

Inception Date

1.14%

Expense Ratio as of 05/01/2025

$204.4M

RMB Mendon Financial Services Fund Aggregate AUM
as of 06/30/2025

$51.7M

Class A AUM
As of 06/30/2025

74968B407

CUSIP

5.00%

Maximum Sales Charge

06/07/1999

Inception Date

1.39%

Expense Ratio as of 05/01/2025

$204.4M

RMB Mendon Financial Services Fund Aggregate AUM
as of 06/30/2025

$17.1M

Class C AUM
As of 06/30/2025

74968B506

CUSIP

1.00%

Maximum Sales Charge

04/29/2005

Inception Date

2.14%

Expense Ratio as of 05/01/2025

Institutional

Class A

Class C

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

Fund Managers

 Anton V. Schutz
Dan Goldfarb, CFA
Anton Schutz Jr.

Documents

Fact Sheet
Holdings
Commentary

Performance

Portfolio Characteristics

As of 03/31/2025

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.

68.69%

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.

$1,533M

Active Share

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

94.03%

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.

28.03%

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.

0.93

Top Ten Holdings View full list of holdings

As of 05/31/2025

Top Ten Holdings Top Ten Holdings Circle Graph Equity Bancshares Inc. 6.73% Chart segment spanning Equity Bancshares Inc.% of the whole. First Horizon Corp. 4.86% Chart segment spanning First Horizon Corp.% of the whole. Abacus Life Inc. 4.82% Chart segment spanning Abacus Life Inc.% of the whole. Primis Financial Corp.  4.64% Chart segment spanning Primis Financial Corp. % of the whole. USCB Financial Holdings Inc. 4.61% Chart segment spanning USCB Financial Holdings Inc.% of the whole. VersaBank 4.41% Chart segment spanning VersaBank% of the whole. Renasant Corp. 4.29% Chart segment spanning Renasant Corp.% of the whole. Veritex Holdings Inc. 3.55% Chart segment spanning Veritex Holdings Inc.% of the whole. Origin Bancorp Inc. 3.50% Chart segment spanning Origin Bancorp Inc.% of the whole. First Busey Corp. 3.25% Chart segment spanning First Busey Corp.% of the whole.

Number of Holdings

52

% in Top Ten Holdings

44.66%

Total Fund AUM

$204.4M

Documents

RMB Mendon Financial Services Fund Materials

Archive

 

 

Fund Fact Sheet 03/31/2025
Commentary 03/31/2025
12/30/2024
09/30/2024
06/30/2024
Holdings 05/31/2025
04/30/2025
03/31/2025
02/28/2025
Semiannual Report 06/30/2024
Annual Report 12/31/2024
Prospectus 07/01/2025
Summary Prospectus 05/01/2025
SAI 07/01/2025
N-Port Q1 03/31/2025
N-Port Q3 09/30/2024
Visit the following link to review the RMB Funds Annual N-PX: FORM N-PX PROXY VOTING RECORD

The Funds’ investment adviser, Curi Capital, LLC, has adopted a contractual expense limitation agreement for each Fund through April 30, 2026, 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.

All investing involves risk including the possible loss of principal. The RMB Mendon Financial Services Fund is a sector fund. These types of funds may be susceptible to factors affecting their industries, and the fund’s net asset values may fluctuate more than a fund that invests in a wider range of industries. Because this fund concentrates its investments in one sector of the economy (financial services), investors should consider the risk that the fund may experience greater volatility than funds that invest across several sectors.

Different classes of shares carry different fees and expenses. The RMB Mendon Financial Services Fund currently offers three classes (A, C and I shares). Class A has a maximum front-end sales charge of 5.0%, Class C has a maximum contingent deferred sales charge of 1.0%, and Class I has waived load with $100,000 minimum investment. Class A sales charges are waived for clients of investment intermediaries, or for those who purchase shares via no-transaction fee platforms.

Principal Risks

Financial Services Risk — A fund that focuses its investments in specific industries or sectors is more susceptible to developments affecting those industries and sectors than a more broadly diversified fund would be. Because the Fund invests significantly in financial services companies, the Fund may perform poorly during a downturn in the financial services industry. 
Derivatives Risk – The use of derivatives presents risks different from, and possibly greater than, the risks associated with investing directly in traditional securities as well as increased transaction costs. The use of derivatives can lead to losses because of adverse movements in the price or value of the underlying asset, reference rate or index. Also, a liquid market may not always exist for the Fund’s derivative positions at times when the Fund might wish to terminate or sell such positions.

Index Definition

  • The NASDAQ Bank Index includes securities of NASDAQ-listed companies classified according to the Industry Classification Benchmark (ICB) as Banks. The index includes dividends reinvested. 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.

An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.