RMB Funds announced that the RMB Mendon Financial Services Fund (the Fund) is reopening to new investors as of today, March 29, 2019. The Fund had been under soft close since March 2017 to ensure that the Fund could be managed in the best interests of its existing shareholders. Tickers that are now open to new investors are RMBKX, RMBLX, and RMBNX.
The Fund also recently won a Lipper Fund Award from Refinitiv for the fourth straight year. The Fund was recognized for its 5-year performance based on risk-adjusted return relative to other funds in the Financial Services Funds category. For more than three decades, the Lipper Fund Awards from Refinitiv have honored funds and fund management firms that have excelled in providing consistently strong risk-adjusted three-, five-, and ten-year performance relative to their peers, based on Lippers proprietary performance-based methodology.
The RMB Mendon Financial Services Fund (RMBKX), rated ˜…˜…˜…˜… by Morningstar (OVERALL rating, out of 96 funds in the Financial category as of 12/31/18), is a specialty fund that seeks capital appreciation out of lesser-known opportunities, primarily among small-cap financial services institutions, aiming to benefit from consolidation in the financial sector. The Fund is sub-advised by Mendon Capital Advisors Corp. (Mendon), whose president and chief investment officer, Anton Schutz, serves as portfolio manager, as he has since the Funds inception. Schutz seeks to identify companies that are not widely followed, generate strong cash flow, and have assets that are not reflected in current stock prices.
For more information about RMB Funds, including prospectuses, fact sheets, daily pricing, and historical performance, please visit RMBFunds.com. The RMB Funds family features six funds across multiple categories, including domestic equities, international equities, financial services, and a Japan-focused strategy.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. This and other important information may be found in the prospectus. Please read the prospectus carefully before investing or sending money.
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2018 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating„¢ based on a Risk-Adjusted Total Return measure that accounts for variation in a funds monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each 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. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and ten-year (if applicable) Morningstar Rating metrics. The RMB Mendon Financial Services Fund Class A was rated as of 12/31/2018 against the following number of U.S. domiciled financial funds over the following time periods: 96 funds in the last three years, 92 funds in the last 5 years, and 77 funds in the last 10 years. With respect to these financial funds, RMB Mendon Financial Services Fund Class A received a Morningstar rating of 3, 5, and 4 stars for the 3, 5, and 10 year periods, respectively.
Past performance is not a guarantee of future results. Investment return and principal value will fluctuate with market conditions and an investor’s shares, when redeemed, may be worth more or less than their original cost. Owning mutual fund shares involves investment risk, including possible loss of principal. There are special risks associated with sector funds, which primarily limit their investments to companies in specific industries. These types of fund may be susceptible to factors affecting these industries, and each fund’s value may fluctuate more than a fund that invests in a wider range of industries.
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ABOUT RMB CAPITAL
RMB Capital is an independent investment and advisory firm. Its businesses include wealth management, family office services, asset management, and retirement plan consulting. Headquartered in Chicago, RMB also has offices in Denver; Jackson Hole, Wyo.; Lake Forest, Ill.; Milwaukee; Minneapolis; New York; Oakbrook Terrace, Ill.; St. Joseph, Mich.; and Washington D.C. To learn more about RMB, visit www.rmbcap.com.
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