RMB Small Cap Fund
PORTFOLIO MANAGER
FUND FACTS
Ratings reflect fee waivers in effect; in their absence, ratings may have been lower. The Morningstar Rating ™ for funds, or “star rating,” is calculated for managed products (including mutual funds, variable annuity, and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. The RMB Small Cap Fund Class I was rated as of 6/30/2019 against the following number of U.S. domiciled small growth funds over the following time periods: 583 funds in the last 3 years, 515 funds in the last 5 years, and 393 funds in the last 10 years. With respect to these funds, the RMB Small Cap Fund Class I received a Morningstar rating of 2, 3, and 2 stars for the 3, 5, and 10-year periods, respectively. Past performance is no guarantee of future results.
PHILOSOPHY
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
| Quarter | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception | ||
|---|---|---|---|---|---|---|---|
| As of 06/30/2019 | |||||||
| Class I RMBBX 08/30/2002 Inception | NAV | 4.28% | 3.96% | 11.10% | 7.58% | 12.31% | 10.58% |
| RUSSELL 2000® Index | 2.10% | -3.31% | 12.30% | 7.06% | 13.45% | 10.06% | |
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.
