Name
As of 05/10/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-6.5%
1 yr return
34.6%
3 Yr Avg Return
-3.6%
5 Yr Avg Return
4.8%
Net Assets
$180 M
Holdings in Top 10
47.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.12%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 70.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$100
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/10/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
RMBNX - Profile
Distributions
- YTD Total Return -6.5%
- 3 Yr Annualized Total Return -3.6%
- 5 Yr Annualized Total Return 4.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.27%
- Dividend Yield 0.9%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameRMB Mendon Financial Services Fund
-
Fund Family NameRMB Funds
-
Inception DateFeb 01, 2017
-
Shares Outstanding546695
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAnton Schutz
Fund Description
RMBNX - Performance
Return Ranking - Trailing
Period | RMBNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -6.5% | -8.7% | 18.3% | 97.78% |
1 Yr | 34.6% | 17.1% | 49.5% | 65.56% |
3 Yr | -3.6%* | -20.6% | 15.3% | 81.11% |
5 Yr | 4.8%* | -5.5% | 17.9% | 73.33% |
10 Yr | 7.9%* | -0.2% | 14.2% | 41.10% |
* Annualized
Return Ranking - Calendar
Period | RMBNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.9% | -12.2% | 29.3% | 73.33% |
2022 | -32.1% | -56.2% | 9.4% | 91.11% |
2021 | 53.5% | 1.6% | 54.4% | 3.33% |
2020 | -6.4% | -41.2% | 61.3% | 61.11% |
2019 | 20.7% | 10.5% | 97.3% | 70.00% |
Total Return Ranking - Trailing
Period | RMBNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -6.5% | -8.7% | 18.3% | 97.78% |
1 Yr | 34.6% | 17.1% | 49.5% | 65.56% |
3 Yr | -3.6%* | -20.6% | 15.3% | 81.11% |
5 Yr | 4.8%* | -5.5% | 17.9% | 73.33% |
10 Yr | 7.9%* | -0.2% | 14.2% | 41.10% |
* Annualized
Total Return Ranking - Calendar
Period | RMBNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.7% | -8.5% | 32.0% | 82.22% |
2022 | -19.6% | -56.2% | 11.4% | 85.56% |
2021 | 55.3% | 18.8% | 56.8% | 3.33% |
2020 | -6.4% | -41.2% | 61.3% | 68.89% |
2019 | 21.9% | 15.1% | 101.7% | 81.11% |
NAV & Total Return History
RMBNX - Holdings
Concentration Analysis
RMBNX | Category Low | Category High | RMBNX % Rank | |
---|---|---|---|---|
Net Assets | 180 M | 1.21 M | 37.7 B | 53.85% |
Number of Holdings | 64 | 21 | 412 | 54.44% |
Net Assets in Top 10 | 93.4 M | 539 K | 18.4 B | 54.44% |
Weighting of Top 10 | 47.09% | 18.0% | 82.8% | 35.56% |
Top 10 Holdings
- Equity Bancshares Inc 6.84%
- Primis Financial Corp 5.81%
- First Bancshares Inc/The 5.55%
- Business First Bancshares Inc 4.97%
- USCB Financial Holdings Inc 4.30%
- Byline Bancorp Inc 4.16%
- Veritex Holdings Inc 4.11%
- New York Community Bancorp Inc 3.87%
- Origin Bancorp Inc 3.86%
- Bank of NT Butterfield Son Ltd/The 3.63%
Asset Allocation
Weighting | Return Low | Return High | RMBNX % Rank | |
---|---|---|---|---|
Stocks | 98.25% | 95.27% | 100.10% | 72.22% |
Cash | 3.40% | 0.05% | 32.55% | 21.11% |
Preferred Stocks | 0.00% | 0.00% | 3.05% | 40.00% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 26.67% |
Bonds | 0.00% | 0.00% | 2.83% | 34.44% |
Other | -1.65% | -1.65% | 2.20% | 98.89% |
Stock Sector Breakdown
Weighting | Return Low | Return High | RMBNX % Rank | |
---|---|---|---|---|
Financial Services | 99.20% | 46.33% | 100.00% | 34.44% |
Technology | 0.80% | 0.00% | 43.13% | 31.11% |
Utilities | 0.00% | 0.00% | 0.00% | 26.67% |
Real Estate | 0.00% | 0.00% | 40.95% | 64.44% |
Industrials | 0.00% | 0.00% | 5.08% | 46.67% |
Healthcare | 0.00% | 0.00% | 0.20% | 30.00% |
Energy | 0.00% | 0.00% | 0.00% | 26.67% |
Communication Services | 0.00% | 0.00% | 4.06% | 31.11% |
Consumer Defense | 0.00% | 0.00% | 4.21% | 27.78% |
Consumer Cyclical | 0.00% | 0.00% | 42.54% | 40.00% |
Basic Materials | 0.00% | 0.00% | 4.54% | 27.78% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | RMBNX % Rank | |
---|---|---|---|---|
US | 98.25% | 0.00% | 100.10% | 56.67% |
Non US | 0.00% | 0.00% | 99.31% | 55.56% |
RMBNX - Expenses
Operational Fees
RMBNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.12% | 0.08% | 11.17% | 12.22% |
Management Fee | 0.75% | 0.03% | 1.25% | 47.25% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 80.00% |
Administrative Fee | N/A | 0.10% | 0.25% | N/A |
Sales Fees
RMBNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | 1.00% | 1.00% | 1.00% | 16.67% |
Trading Fees
RMBNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 2.00% | 8.70% |
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.
RMBNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 70.00% | 3.00% | 406.00% | 83.54% |
RMBNX - Distributions
Dividend Yield Analysis
RMBNX | Category Low | Category High | RMBNX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.86% | 0.00% | 11.71% | 84.62% |
Dividend Distribution Analysis
RMBNX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
RMBNX | Category Low | Category High | RMBNX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.27% | -0.76% | 10.57% | 90.00% |
Capital Gain Distribution Analysis
RMBNX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 14, 2023 | $0.300 | OrdinaryDividend |
Dec 13, 2022 | $6.938 | OrdinaryDividend |
Dec 13, 2021 | $0.599 | OrdinaryDividend |
Dec 12, 2019 | $0.356 | CapitalGainLongTerm |
Dec 13, 2018 | $0.718 | CapitalGainShortTerm |
Dec 13, 2018 | $1.129 | CapitalGainLongTerm |
Dec 15, 2017 | $0.736 | CapitalGainShortTerm |
Dec 15, 2017 | $2.143 | CapitalGainLongTerm |
Dec 15, 2016 | $0.168 | CapitalGainShortTerm |
Dec 15, 2016 | $0.451 | CapitalGainLongTerm |
Dec 07, 2015 | $0.219 | CapitalGainShortTerm |
Dec 07, 2015 | $1.054 | CapitalGainLongTerm |
Dec 18, 2014 | $0.278 | CapitalGainShortTerm |
Dec 18, 2014 | $0.466 | CapitalGainLongTerm |
Dec 16, 2010 | $0.084 | OrdinaryDividend |
Dec 15, 2009 | $0.074 | OrdinaryDividend |
Dec 17, 2008 | $0.093 | CapitalGainShortTerm |
Dec 17, 2008 | $0.046 | CapitalGainLongTerm |
Dec 17, 2008 | $0.444 | OrdinaryDividend |
Dec 14, 2007 | $0.568 | CapitalGainShortTerm |
Dec 14, 2007 | $1.034 | CapitalGainLongTerm |
Dec 15, 2006 | $0.826 | CapitalGainShortTerm |
Dec 15, 2006 | $1.182 | CapitalGainLongTerm |
Dec 15, 2006 | $0.085 | OrdinaryDividend |
Dec 15, 2005 | $0.231 | OrdinaryDividend |
Dec 15, 2005 | $0.863 | CapitalGainShortTerm |
Dec 15, 2005 | $0.348 | CapitalGainLongTerm |
RMBNX - Fund Manager Analysis
Managers
Anton Schutz
Start Date
Tenure
Tenure Rank
Jun 07, 1999
23.0
23.0%
Mr. Schutz, the founder of Mendon Capital Advisors Corp., is responsible for the definition and implementation of portfolio strategy for the Master Fund. Mr. Schutz has been in the investment and risk management business since 1986, focusing on investment and portfolio management. Before forming Mendon Capital Advisors Corp., he was at Chase Manhattan Bank for ten years. In the Chase Asset Management Special Investments Division, he was responsible for structuring investment products utilizing hedge funds and served as a member of the investment committee. At the Chase Regional Bank, he headed the development and application of financial risk management strategies for firms in a variety of industries, focusing heavily on identifying and managing interest rate, currency, equity and commodity exposures for the bank’s customers. He was responsible for the design and implementation of several ground-breaking strategies in his field. Mr. Schutz also worked at RBC Dain Rauscher and Moors & Cabot, Inc. as an institutional equity salesperson. In addition, he has managed assets of his own and for his family since the late 1970’s. Mr. Schutz earned a B.A. from Franklin & Marshall College and an M.B.A. in Finance from Fordham University. Mr. Schutz became an employee of the Adviser upon the completion of the Control Transaction. Mr. Schutz has been often quoted in The Wall Street Journal and other financial publications and has appeared frequently as a guest on CNBC. Mr. Schutz retains a controlling interest in Mendon Capital Advisors Corp. and continues to advise a number of private funds and other accounts in his position as President and Chief Investment Officer of Mendon Capital Advisors Corp.
Daniel Goldfarb
Start Date
Tenure
Tenure Rank
May 01, 2022
0.08
0.1%
Dan Goldfarb joined AlphaOne Capital in 2009 when the investment team transitioned over from OFI Institutional Asset Management. He is a senior portfolio manager managing the Fundamental Small and Micro Cap strategies. He also serves as an equity analyst for these strategies. Mr. Goldfarb served as a managing director/portfolio manager with the OFI Institutional/Babson Capital organization from 1995 to 2009. Previously, Mr. Goldfarb held positions at Drexel Burnham Lambert, Smith Barney, and Wilmington Trust. Mr. Goldfarb has covered financial institutions during his entire career as well as several other industries including telecom, electric utilities, and REITS. He holds a B.A. from Hobart College and an M.B.A from Vanderbilt University. Mr. Goldfarb is a CFA chartholder and Treasurer of the Bank Analyst Association of Boston.
John Heffern
Start Date
Tenure
Tenure Rank
May 01, 2022
0.08
0.1%
John A. Heffern, Managing Partner and Senior Portfolio Manager at Chartwell Investment Partners, Inc. He has worked in investment management since 1988, has been with Chartwell since 2005, and has co-managed a portion of the Fund since 2006. Heffern was a Senior Vice President and Senior Portfolio Manager with the Growth Investing Group at Delaware Investment Advisers from 1997 to 2005. From 1994 to 1997, he was a Senior Vice President, Equity Research at NatWest Markets, responsible for specialty financial services equity research. Prior to NatWest, he was a Principal and Senior Regional Bank Analyst at Alex Brown & Sons.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 25.42 | 9.68 | 4.58 |