RMB Mendon Financial Services Fund
RMBLX
RMBKX
RMBNX
as of 03/31/2026
as of 03/31/2026
as of 05/01/2026
as of 03/31/2026
as of 03/31/2026
as of 05/01/2026
as of 03/31/2026
as of 03/31/2026
as of 05/01/2026
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
Documents
Performance
| 1 Month | 3 Month | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|---|
| RMB Mendon Financial Services Fund (I) | -2.43% | 1.10% | 21.67% | 18.71% | 6.58% | – | 7.61% |
| NASDAQ Bank Index TR | -1.24% | 0.38% | 6.68% | 14.23% | 1.76% | – | 4.18% |
| RMB Mendon Financial Services Fund (A) | -2.44% | 1.05% | 21.38% | 18.42% | 6.32% | 10.05% | 11.55% |
| Load Adjusted Return** | -7.32% | -4.00% | 15.31% | 16.42% | 5.24% | 9.49% | 11.33% |
| NASDAQ Bank Index TR | -1.24% | 0.38% | 6.68% | 14.23% | 1.76% | 7.67% | 5.76% |
| RMB Mendon Financial Services Fund (C) | -2.50% | 0.86% | 20.45% | 17.52% | 5.52% | 9.22% | 7.82% |
| 1 Month | 3 Month | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|---|
| RMB Mendon Financial Services Fund (I) | -2.43% | 1.10% | 21.67% | 18.71% | 6.58% | – | 7.61% |
| NASDAQ Bank Index TR | -1.24% | 0.38% | 6.68% | 14.23% | 1.76% | – | 4.18% |
| RMB Mendon Financial Services Fund (A) | -2.44% | 1.05% | 21.38% | 18.42% | 6.32% | 10.05% | 11.55% |
| Load Adjusted Return** | -7.32% | -4.00% | 15.31% | 16.42% | 5.24% | 9.49% | 11.33% |
| NASDAQ Bank Index TR | -1.24% | 0.38% | 6.68% | 14.23% | 1.76% | 7.67% | 5.76% |
| RMB Mendon Financial Services Fund (C) | -2.50% | 0.86% | 20.45% | 17.52% | 5.52% | 9.22% | 7.82% |
Inception date: 02/01/2017
Inception date: 06/07/1999
Inception date: 04/29/2005
*PERFORMANCE OVER ONE YEAR IS ANNUALIZED.
**LOAD ADJUSTED RETURN INCLUDES MAXIMUM SALES CHARGES AND ALL EXPENSES.
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.
Note that the one-year performance was attributable to the unusually favorable market conditions due to the COVID crisis impact on the Financials sector and are likely not sustainable; the conditions might not continue to exist, and the performance probably will not be repeated in the future.
RMB Mendon Financial Services Fund – A
The Fund has a maximum front-end sales charge of 5.00% and expense ratio of 1.42%. Sales charges are waived for clients of investment intermediaries, or for those who purchase shares via no-transaction-fee platforms.
RMB Mendon Financial Services Fund – C
The Fund has a maximum sales charge of 1.00% and expense ratio of 2.18%. Sales charges are waived for clients of investment intermediaries, or for those who purchase shares via no-transaction-fee platforms.
Portfolio Characteristics
As of
-
Turnover Ratio
A measure of how frequently assets within a fund are bought and sold by the managers. A higher turnover ratio indicates more frequent trading activity.
- 47.27%
-
Weighted Average Market Cap
The average market capitalization of the companies held in the portfolio, weighted by each holding’s share of total portfolio assets. This indicates whether the fund leans toward larger or smaller companies.
- $1,598M
-
Active Share
A measure of how different a portfolio’s holdings are from its benchmark index, expressed as a percentage. Higher active share indicates greater deviation from the benchmark, suggesting more active management.
- 94.21%
-
Standard Deviation
A statistical measure of the dispersion of returns around the average return. A higher standard deviation indicates greater volatility and risk.
- 23.87%
-
Beta vs. Benchmark
A measure of a fund’s sensitivity to movements in its benchmark index. A beta of 1.0 means the fund moves in line with the benchmark; greater than 1.0 indicates higher volatility relative to the benchmark.
- 0.96
Top Ten Holdings
View full list of holdingsAs of
| # | Holding | Weight |
|---|---|---|
| 1 | Equity Bancshares Inc. | 6.84% |
| 2 | Abacus Life Inc. | 6.24% |
| 3 | Primis Financial Corp. | 5.86% |
| 4 | VersaBank | 5.02% |
| 5 | Renasant Corp. | 4.77% |
| 6 | Nicolet Bankshares Inc. | 4.58% |
| 7 | USCB Financial Holdings Inc. | 4.30% |
| 8 | First Horizon Corp. | 4.08% |
| 9 | Origin Bancorp Inc. | 3.65% |
| 10 | Commercial Bancgroup Inc. | 3.31% |
Documents
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.