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

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

Performance

RMB Mendon Financial Services Fund
		Quarter	1 Year	3 Year	5 Year	10 Year	Since Inception
		As of 03/31/2021
Class A RMBKX 6/7/1999 Inception	NAV	30.14%	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 TR	28.59%	91.64%	6.67%	13.92%	12.05%	6.70%
Class C RMBNX 4/29/2005 Inception	NAV	29.92%	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 TR	28.59%	91.64%	6.67%	13.92%	12.05%	5.40%
Class I RMBLX 2/1/2017 Inception	NAV	30.23%	114.25%	6.76%	—	—	8.88%
Class I RMBLX 2/1/2017 Inception	NASDAQ Bank Index TR	28.59%	91.64%	6.67%	—	—	7.16%

*Performance over one year is annualized.
**SEC 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.

Holdings

Top Ten Holdings

As of 05/31/21

Live Oak Bancshares Inc.	7.60%
Equity Bancshares Inc.	5.30%
Veritex Holdings Inc.	5.04%
The First Bancshares Inc.	4.76%
Byline Bancorp Inc.	3.93%
Spirit of Texas Bancshares Inc.	3.93%
First BanCorp/Puerto Rico	3.90%
CIT Group Inc.	3.80%
Origin Bancorp Inc.	3.56%
First Horizon National Corp.	3.42%

Coming soon

Holdings Statistics

As of 05/31/21

Total Number of Holdings

45.25%

% Assets in
Top 10 Holdings

86.62%

Turnover Ratio

Coming soon

Fund Materials

Fact Sheet

03/31/21

Commentary

03/31/21

Holdings

4/30/21

Reports

Semiannual Report - 6/30/20

Annual Report - 12/31/20

Prospectus

Prospectus - 5/1/21

Summary Prospectus - 5/1/21

SAI - 5/1/21

© 2019 Morningstar, Inc. All Rights Reserved. The information contained herein: 1) is proprietary to Morningstar and/or its content providers; 2) may not be copied or distributed; and 3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. The Morningstar style Box™ reveals a fund’s investment strategy. For equity funds, the vertical axis shows the market capitalization of the long stocks owned and the horizontal axis shows investment style (value, blend or growth).

The Funds’ investment adviser, RMB Capital Management, LLC, has adopted a contractual expense limitation agreement for each Fund through April 30, 2021, 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.

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.

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

RMB Mendon Financial Services Fund

Portfolio Manager

Fund Facts

Philosophy

PROCESS

Performance

Holdings

Coming soon

Coming soon

Fund Materials

Fact Sheet

Commentary

Holdings

Reports

Prospectus