RMB SMID Cap Fund

RMBMX

$175.0M

AUM as of 09/30/2022

0.84%

Expense Ratio as of 05/01/2022

74968B811

CUSIP

0.00%

Maximum Sales Charge

12/31/2004

Inception Date

Investment Philosophy  

The RMB SMID 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 to medium market capitalizations (between $400 million and $10 billion at 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.

4.17%

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.

$12,637M

Active Share

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

94.85%

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.

21.57%

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.

0.90

Top Ten Holdings View full list of holdings

As of 08/31/2022

Top Ten Holdings Top Ten Holdings Circle Graph Repligen Corp. 3.15% Chart segment spanning Repligen Corp.% of the whole. 113.80994671403 Chart segment spanning 88.809946714032% of the whole. Devon Energy Corp. 2.97% Chart segment spanning Devon Energy Corp.% of the whole. 103.2593250444 Chart segment spanning 78.259325044405% of the whole. Pinnacle Financial Partners Inc. 2.89% Chart segment spanning Pinnacle Financial Partners Inc.% of the whole. 92.992895204263 Chart segment spanning 67.992895204263% of the whole. Teledyne Technologies Inc. 2.79% Chart segment spanning Teledyne Technologies Inc.% of the whole. 83.081705150977 Chart segment spanning 58.081705150977% of the whole. Avery Dennison Corp. 2.78% Chart segment spanning Avery Dennison Corp.% of the whole. 73.206039076377 Chart segment spanning 48.206039076377% of the whole. Fair Isaac Corp. 2.76% Chart segment spanning Fair Isaac Corp.% of the whole. 63.401420959147 Chart segment spanning 38.401420959147% of the whole. ServisFirst Bancshares Inc. 2.74% Chart segment spanning ServisFirst Bancshares Inc.% of the whole. 53.66785079929 Chart segment spanning 28.66785079929% of the whole. Copart Inc. 2.72% Chart segment spanning Copart Inc.% of the whole. 44.005328596803 Chart segment spanning 19.005328596803% of the whole. EastGroup Properties Inc. 2.69% Chart segment spanning EastGroup Properties Inc.% of the whole. 34.449378330373 Chart segment spanning 9.449378330373% of the whole. Monolithic Power Systems Inc. 2.66% Chart segment spanning Monolithic Power Systems Inc.% of the whole. 25 Chart segment spanning -7.105427357601E-15% of the whole.

Number of Holdings

59

% in Top Ten Holdings

28.15%

Total Fund AUM

$191.5M

Sector Weights

As of 06/30/2022

Sector Weights Sector Weights Circle Graph Information Technology 18.02% Chart segment spanning Information Technology% of the whole. 106.39198678232 Chart segment spanning 81.391986782321% of the whole. Financials 16.58% Chart segment spanning Financials% of the whole. 89.270962412226 Chart segment spanning 64.270962412226% of the whole. Industrials 14.69% Chart segment spanning Industrials% of the whole. 74.101610904585 Chart segment spanning 49.101610904585% of the whole. Health Care 13.48% Chart segment spanning Health Care% of the whole. 60.181743081371 Chart segment spanning 35.181743081371% of the whole. Materials 9.61% Chart segment spanning Materials% of the whole. 50.258157786039 Chart segment spanning 25.258157786039% of the whole. Consumer Discretionary 9.92% Chart segment spanning Consumer Discretionary% of the whole. 40.014456836018 Chart segment spanning 15.014456836018% of the whole. Real Estate 8.37% Chart segment spanning Real Estate% of the whole. 31.371334159438 Chart segment spanning 6.3713341594383% of the whole. Energy 4.07% Chart segment spanning Energy% of the whole. 27.168525402726 Chart segment spanning 2.1685254027262% of the whole. Utilities 2.10% Chart segment spanning Utilities% 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.

Life Cycle Learn more about this approach

As of 06/30/2022

Rockets

Golden Goodies

Falling Angels

Corks

Turn Arounds

30%

20%

10%

0%

Documents

RMB SMID 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 and acquired fund fees and expenses, if any, and other extraordinary expenses not incurred in the ordinary course of business) do not exceed 1.05% and 0.80% 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 or in effect at the time of the repayment.

The Total Annual Fund Operating Expenses for the Fund do not correlate to the Ratio of Expenses to Average Net Assets in the Financial Highlights which reflects the operating expenses of the Funds and does not include acquired fund fees and expenses (“AFFE”). AFFE is estimated for the current fiscal year based on AFFE for the Predecessor Fund. AFFE is estimated to be was less than 0.01%.

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- and Mid-Capitalization Companies Risk — The Fund may invest in the securities of companies with small and mid-capitalizations, which can involve greater risk and the possibility of greater portfolio volatility than investments in securities of large- capitalization companies. Historically, stocks of small- and mid-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 stocks. Small- and mid-capitalization companies may have limited product lines and financial resources and may depend upon a limited or less experienced management group. The securities of small capitalization companies trade in the over-the-counter markets or on regional exchanges and may not be traded daily or in the volume typical of trading on a national securities exchange, which may make these securities more difficult to value and to sell.

Index Definition

  • The RUSSELL 2500® Index measures the performance of the 2,500 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.