RENN Fund, Inc.

Frequently Asked Questions About RCG

What does RCG invest in?

RENN Fund, Inc. is a closed ended equity mutual fund launched by RENN Capital Group, Inc. The fund is co-managed by Horizon Kinetics Asset Management LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It seeks to invest in stocks of small-cap and mid-cap companies. The fund employs a fundamental analysis with a bottom-up stock picking approach to create its portfolio. It was formerly known as RENN Global Entrepreneurs Fund, Inc. RENN Fund, Inc. was formed on January 20, 1994 and is domiciled in the United States.

What is the expense ratio of RCG?

RENN Fund, Inc. (RCG) charges an expense ratio of 1.56%. This is the annual fee deducted from fund assets to cover management and operations.

How big is RCG?

RENN Fund, Inc. (RCG) has a market value of $18.7M: its share price times its shares outstanding. A closed-end fund trades above or below its net asset value, so its net assets differ from this figure. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is RCG actively managed or an index fund?

RCG is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (RCG's is 1.56%) in exchange for the discretion to over- or under-weight positions.

When was RCG launched?

RENN Fund, Inc. (RCG) launched in April 1996 and is managed by the fund issuer.

How has RCG performed?

RCG's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.