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RMB SMID Cap Fund
mutual fund
RMBMX
Payout Change
Pending
Price as of:
$13.76
+0.01
+0.07%
primary theme
U.S. Mid-Cap Growth Equity
share class
RMBMX (Mutual Fund)
RMB SMID Cap Fund
Payout Change
Pending
Price as of:
$13.76
+0.01
+0.07%
primary theme
U.S. Mid-Cap Growth Equity
share class
RMBMX (Mutual Fund)
RMB SMID Cap Fund
Payout Change
Pending
Price as of:
$13.76
+0.01
+0.07%
primary theme
U.S. Mid-Cap Growth Equity
share class
Name
As of 10/02/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
12.1%
1 yr return
29.7%
3 Yr Avg Return
4.5%
5 Yr Avg Return
13.2%
Net Assets
$85.9 M
Holdings in Top 10
39.0%
52 WEEK LOW AND HIGH
$13.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.06%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 9.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
$2,500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/02/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
RMBMX - Profile
Distributions
- YTD Total Return 12.1%
- 3 Yr Annualized Total Return 4.5%
- 5 Yr Annualized Total Return 13.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.54%
- Dividend Yield 1.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameRMB SMID Cap Fund
-
Fund Family NameRMB Funds
-
Inception DateAug 31, 2010
-
Shares Outstanding16135292
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerChristopher Faber
Fund Description
The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets (plus borrowings for investment purposes) in equity securities of companies with small- to mid- market capitalizations. For this purpose, the Adviser defines a small- to mid- capitalization company as a company that has a market capitalization of between $500 million and $40.02 billion at the time of purchase. Equity securities in which the Fund invests consist primarily of common stocks, and may include other types of equity securities. The Fund may also invest in real estate investment trusts (“REITs”).
The Adviser actively manages the Fund by applying an economic return framework that seeks to identify attractively-priced companies at all stages of the corporate lifecycle that allocate capital in a way that creates long-term value. The Adviser’s economic return framework analyzes key determinants of success, such as cash flow, capital investments, credit worthiness and sales momentum. Taking into account a company’s stage in the corporate lifecycle, the Adviser evaluates the sustainability of the company’s economic returns and further evaluates potential investments to determine which stocks are most attractively priced. In managing the Fund, the Adviser seeks to construct a portfolio that is diversified across both economic sectors and corporate lifecycle. As a result of its lifecycle diversification, the Fund invests in both growth- and value-style equity securities. As part of the Adviser's investment process, the investment team evaluates the general and industry-specific Environmental, Social, and Governance (“ESG”) factors that the Adviser believes to be the most financially material to a company's short-, medium, and long-term enterprise value at any given time. The Adviser defines materiality in terms of the impact on a company’s net income over the longer term. Specific ESG factors the Adviser considers at any given time vary greatly by geography and industry, and may also vary between companies within the same geographic region or industry.
The Adviser reduces positions or sells securities in the Fund for a variety of reasons, such as when the securities reach their target price or when a position would exceed 5% of the Fund’s net assets.
RMBMX - Performance
Return Ranking - Trailing
| Period | RMBMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.1% | -13.3% | 58.8% | 44.76% |
| 1 Yr | 29.7% | 12.8% | 56.2% | 37.90% |
| 3 Yr | 4.5%* | -25.6% | 57.1% | 14.31% |
| 5 Yr | 13.2%* | -3.3% | 103.6% | 12.32% |
| 10 Yr | 10.9%* | 2.6% | 25.3% | 34.51% |
* Annualized
Return Ranking - Calendar
| Period | RMBMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.0% | -27.7% | 68.0% | 90.25% |
| 2022 | -27.0% | -85.6% | 52.8% | 26.35% |
| 2021 | 21.2% | -74.9% | 238.3% | 4.36% |
| 2020 | 17.9% | -44.1% | 2474.5% | 75.82% |
| 2019 | 14.9% | -50.2% | 44.0% | 86.68% |
Total Return Ranking - Trailing
| Period | RMBMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.1% | -13.3% | 58.8% | 44.76% |
| 1 Yr | 29.7% | 12.8% | 56.2% | 37.90% |
| 3 Yr | 4.5%* | -25.6% | 57.1% | 14.31% |
| 5 Yr | 13.2%* | -3.3% | 103.6% | 12.32% |
| 10 Yr | 10.9%* | 2.6% | 25.3% | 34.51% |
* Annualized
Total Return Ranking - Calendar
| Period | RMBMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 20.1% | -26.1% | 68.0% | 54.49% |
| 2022 | -20.9% | -67.0% | 56.8% | 13.65% |
| 2021 | 28.1% | -23.5% | 342.2% | 3.37% |
| 2020 | 24.4% | 2.6% | 2549.1% | 83.20% |
| 2019 | 31.6% | 14.6% | 44.8% | 64.90% |
NAV & Total Return History
RMBMX - Holdings
Concentration Analysis
| RMBMX | Category Low | Category High | RMBMX % Rank | |
|---|---|---|---|---|
| Net Assets | 85.9 M | 2.73 M | 100 B | 88.00% |
| Number of Holdings | 53 | 24 | 3590 | 80.38% |
| Net Assets in Top 10 | 32.8 M | 670 K | 11.3 B | 85.52% |
| Weighting of Top 10 | 38.99% | 4.5% | 98.2% | 22.48% |
Top 10 Holdings
- Fair Isaac Corp 5.55%
- Monolithic Power Systems Inc 4.49%
- Copart Inc 4.45%
- First American Government Obligations Fund 4.29%
- Watsco Inc 3.98%
- PTC Inc 3.64%
- Carlisle Cos Inc 3.33%
- Avery Dennison Corp 3.19%
- Pinnacle Financial Partners Inc 3.16%
- Eagle Materials Inc 2.91%
Asset Allocation
| Weighting | Return Low | Return High | RMBMX % Rank | |
|---|---|---|---|---|
| Stocks | 95.68% | 58.72% | 103.99% | 90.29% |
| Cash | 4.32% | 0.00% | 41.99% | 13.14% |
| Preferred Stocks | 0.00% | 0.00% | 5.73% | 88.00% |
| Other | 0.00% | -0.04% | 14.45% | 87.43% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 87.24% |
| Bonds | 0.00% | 0.00% | 2.35% | 87.05% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | RMBMX % Rank | |
|---|---|---|---|---|
| Technology | 19.21% | 0.04% | 62.17% | 85.33% |
| Financial Services | 15.72% | 0.00% | 43.01% | 9.90% |
| Industrials | 14.43% | 0.00% | 38.23% | 54.29% |
| Healthcare | 12.51% | 0.00% | 37.06% | 84.76% |
| Consumer Cyclical | 12.24% | 0.00% | 57.41% | 66.29% |
| Real Estate | 9.22% | 0.00% | 19.28% | 6.86% |
| Basic Materials | 8.98% | 0.00% | 17.25% | 2.86% |
| Energy | 4.99% | 0.00% | 62.10% | 16.19% |
| Utilities | 2.09% | 0.00% | 12.94% | 12.19% |
| Consumer Defense | 0.62% | 0.00% | 16.40% | 74.86% |
| Communication Services | 0.00% | 0.00% | 18.33% | 98.48% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | RMBMX % Rank | |
|---|---|---|---|---|
| US | 95.68% | 46.79% | 103.99% | 75.62% |
| Non US | 0.00% | 0.00% | 34.12% | 88.00% |
RMBMX - Expenses
Operational Fees
| RMBMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.06% | 0.02% | 17.54% | 48.95% |
| Management Fee | 0.70% | 0.00% | 1.50% | 45.80% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.40% | N/A |
Sales Fees
| RMBMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| RMBMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| RMBMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 9.00% | 0.00% | 250.31% | 8.46% |
RMBMX - Distributions
Dividend Yield Analysis
| RMBMX | Category Low | Category High | RMBMX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.96% | 0.00% | 33.43% | 0.76% |
Dividend Distribution Analysis
| RMBMX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| RMBMX | Category Low | Category High | RMBMX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.54% | -2.24% | 2.75% | 6.77% |
Capital Gain Distribution Analysis
| RMBMX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 14, 2023 | $0.132 | OrdinaryDividend |
| Dec 14, 2023 | $0.046 | CapitalGainShortTerm |
| Dec 14, 2023 | $1.064 | CapitalGainLongTerm |
| Dec 13, 2022 | $0.041 | OrdinaryDividend |
| Nov 07, 2022 | $0.905 | OrdinaryDividend |
| Dec 13, 2021 | $0.853 | OrdinaryDividend |
| Dec 10, 2020 | $0.680 | OrdinaryDividend |
| Dec 12, 2019 | $0.052 | OrdinaryDividend |
| Dec 12, 2019 | $0.004 | CapitalGainShortTerm |
| Dec 12, 2019 | $1.485 | CapitalGainLongTerm |
| Dec 13, 2018 | $0.322 | CapitalGainShortTerm |
| Dec 13, 2018 | $1.147 | CapitalGainLongTerm |
| Dec 14, 2017 | $0.039 | CapitalGainShortTerm |
| Dec 14, 2017 | $0.505 | CapitalGainLongTerm |
| Dec 14, 2017 | $0.067 | OrdinaryDividend |
| Oct 20, 2017 | $0.003 | ExtraDividend |
| Oct 20, 2017 | $0.099 | CapitalGainShortTerm |
| Oct 20, 2017 | $0.965 | CapitalGainLongTerm |
| Dec 15, 2016 | $0.048 | CapitalGainShortTerm |
| Dec 15, 2016 | $2.082 | CapitalGainLongTerm |
| Dec 15, 2016 | $0.037 | OrdinaryDividend |
| Dec 17, 2015 | $0.776 | CapitalGainLongTerm |
| Dec 17, 2014 | $0.083 | CapitalGainShortTerm |
| Dec 17, 2014 | $2.944 | CapitalGainLongTerm |
| Dec 17, 2014 | $0.007 | OrdinaryDividend |
| Dec 17, 2013 | $0.141 | CapitalGainShortTerm |
| Dec 17, 2013 | $0.650 | CapitalGainLongTerm |
| Dec 17, 2013 | $0.029 | OrdinaryDividend |
| Dec 14, 2012 | $0.016 | CapitalGainShortTerm |
| Dec 14, 2012 | $0.364 | CapitalGainLongTerm |
| Dec 14, 2012 | $0.073 | OrdinaryDividend |
| Dec 16, 2011 | $0.055 | OrdinaryDividend |
| Dec 16, 2011 | $0.245 | CapitalGainLongTerm |
RMBMX - Fund Manager Analysis
Managers
Christopher Faber
Start Date
Tenure
Tenure Rank
Dec 31, 2004
17.42
17.4%
Mr. Faber has been a portfolio manager of RMB Capital Management, LLC since 2017. Prior to that, Mr. Faber was the President and a portfolio manager of IronBridge Capital Management, L.P. (“IronBridge”) from 1999 to 2017 (IronBridge was the Adviser to the Funds prior to June 24, 2017). Mr. Faber was a founding partner of HOLT Value Associates, L.P., the former parent company of IronBridge, from May 1986 to April 1999. Mr. Faber graduated from Drake University in 1986 with a B.S. and B.A. in Corporate Finance.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 36.3 | 9.4 | 11.76 |
