RMB Small Cap Fund

RMBBX

$119.3M

AUM as of 07/31/2022

1.06%

Expense Ratio as of 05/01/2022

74968B837

CUSIP

0.00%

Maximum Sales Charge

08/30/2002

Inception Date

Investment Philosophy  

The RMB Small Cap Fund seeks capital appreciation by investing in a diverse portfolio consisting primarily of common stocks. The Fund pursues its long term investment objectives by identifying well managed allocators of capital and buying them at a discount to fair value.

 

Investment Approach    

  • The Fund invests at least 80% of its assets in equity securities of companies with small market capitalizations (less than or equal to the largest market capitalization of any company in the Russell 2000 index at the time of purchase)
  • The Fund seeks to invest in high-quality companies, employing intensive fundamental and qualitative analysis to identify investment opportunities
  • Dual diversification by Life Cycle stage and sector are integral to portfolio construction
  • The Fund seeks to provide capital preservation in down markets

Performance

Portfolio Characteristics

As of 06/30/2022

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.

11.49%

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.

$8,236M

Active Share

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

96.95%

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.

21.43%

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.

0.86

Top Ten Holdings View full list of holdings

As of 07/31/2022

Top Ten Holdings Top Ten Holdings Circle Graph Devon Energy Corp. 5.59% Chart segment spanning Devon Energy Corp.% of the whole. 108.27348892879 Chart segment spanning 83.273488928785% of the whole. TriCo Bancshares 3.87% Chart segment spanning TriCo Bancshares% of the whole. 96.693596648713 Chart segment spanning 71.693596648713% of the whole. Seacoast Banking Corp. of Florida 3.40% Chart segment spanning Seacoast Banking Corp. of Florida% of the whole. 86.520047875524 Chart segment spanning 61.520047875524% of the whole. EastGroup Properties Inc. 3.29% Chart segment spanning EastGroup Properties Inc.% of the whole. 76.675643327349 Chart segment spanning 51.675643327349% of the whole. Kadant Inc. 3.08% Chart segment spanning Kadant Inc.% of the whole. 67.45960502693 Chart segment spanning 42.45960502693% of the whole. West Pharmaceutical Services Inc. 3.02% Chart segment spanning West Pharmaceutical Services Inc.% of the whole. 58.423099940156 Chart segment spanning 33.423099940156% of the whole. Repligen Corp. 2.98% Chart segment spanning Repligen Corp.% of the whole. 49.506283662478 Chart segment spanning 24.506283662478% of the whole. Catalent Inc. 2.90% Chart segment spanning Catalent Inc.% of the whole. 40.828845002992 Chart segment spanning 15.828845002992% of the whole. Eagle Materials Inc. 2.66% Chart segment spanning Eagle Materials Inc.% of the whole. 32.869539198085 Chart segment spanning 7.869539198085% of the whole. American Financial Group Inc.  2.63% Chart segment spanning American Financial Group Inc. % of the whole. 25 Chart segment spanning -1.4210854715202E-14% of the whole.

Number of Holdings

54

% in Top Ten Holdings

33.42%

Total Fund AUM

$119.3M

Sector Weights

As of 06/30/2022

Sector Weights Sector Weights Circle Graph Financials 18.24% Chart segment spanning Financials% of the whole. 105.84838303234 Chart segment spanning 80.848383032339% of the whole. Industrials 17.52% Chart segment spanning Industrials% of the whole. 87.452750944981 Chart segment spanning 62.452750944981% of the whole. Health Care 15.40% Chart segment spanning Health Care% of the whole. 71.283074338513 Chart segment spanning 46.283074338513% of the whole. Information Technology 14.70% Chart segment spanning Information Technology% of the whole. 55.848383032339 Chart segment spanning 30.848383032339% of the whole. Real Estate 9.49% Chart segment spanning Real Estate% of the whole. 45.884082318354 Chart segment spanning 20.884082318354% of the whole. Consumer Discretionary 8.93% Chart segment spanning Consumer Discretionary% of the whole. 36.507769844603 Chart segment spanning 11.507769844603% of the whole. Materials 5.52% Chart segment spanning Materials% of the whole. 30.711885762285 Chart segment spanning 5.7118857622848% of the whole. Energy 5.44% Chart segment spanning Energy% of the whole. 25 Chart segment spanning 3.5527136788005E-15% of the whole. Communication Services 0.00% Chart segment spanning Communication Services% of the whole. 25 Chart segment spanning 3.5527136788005E-15% of the whole. Consumer Staples 0.00% Chart segment spanning Consumer Staples% of the whole. 25 Chart segment spanning 3.5527136788005E-15% of the whole. Utilities 0.00% Chart segment spanning Utilities% of the whole. 25 Chart segment spanning 3.5527136788005E-15% of the whole.

Life Cycle Learn more about this approach

As of 06/30/2022

Rockets

Golden Goodies

Falling Angels

Corks

Turn Arounds

20%

10%

0%

Documents

RMB Small Cap Fund Materials

Archive

 

 

Investment Terms: Annualized Rate of Return is the geometric mean return of the portfolio calculated for a one-year period.

Fund Operating Expenses1
RMB Capital Management, LLC (the “Adviser”) has contractually agreed to reduce its compensation due from and/or assume expenses of the Fund to the extent necessary to ensure that the Fund’s operating expenses (excluding, interest, taxes, brokerage commissions and other transaction costs, expenditures that are capitalized in accordance with generally accepted accounting principles, acquired fund fees and expenses, if any, and other extraordinary expenses not incurred in the ordinary course of business) do not exceed 1.20% and 0.95% of the average net assets of the Fund’s Investor Class and Class I, respectively (the “Expense Cap”). The Expense Cap is in effect through April 30, 2023 and cannot be terminated prior thereto without the approval of the Fund’s Board of Trustees. To the extent the Adviser waives its compensation and/or assumes expenses to satisfy the Expense Cap, the Adviser may seek repayment by the Fund of a portion or all of such amounts at any time within three years from the date on which such amounts were waived or assumed, provided that the Fund is able to make the repayment without exceeding the lesser of the expense cap in effect at the time of the waiver/reimbursement of in effect at the time of the repayment.

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.

Small-Capitalization Companies Risk — Historically, stocks of small-capitalization companies and recently organized companies have been more volatile in price than those of the larger market capitalization companies. Among the reasons for the greater price volatility is the lower degree of liquidity in the markets for such securities, which may make these securities difficult to value and to sell. As a result, some of the Fund’s small cap holdings may be considered or become illiquid. Such companies also may have limited product lines and financial resources and may depend upon a limited or less experienced management group.

Index Definition

  • The RUSSELL 2000® Index measures the performance of the 2,000 smallest companies in the RUSSELL 3000® Index. The RUSSELL 3000® Index measures the performance of the 3,000 largest U.S. companies based on total market capitalization. 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.