RMB Mendon Financial Services Fund

Frequently Asked Questions About RMBKX

What does RMBKX invest in?

This fund is designed to achieve its investment goals by committing a minimum of 80% of its net assets (which may include borrowed funds for investment) to the equity securities of U.S.-based companies operating within the financial services sector. While the fund retains the flexibility to invest in companies of any market capitalization, its primary focus, under typical market conditions, is on financial services firms characterized as mid, small, or micro-cap.

What is the expense ratio of RMBKX?

RMB Mendon Financial Services Fund (RMBKX) charges an expense ratio of 1.33%. This is the annual fee deducted from fund assets to cover management and operations.

How big is RMBKX?

RMB Mendon Financial Services Fund (RMBKX) manages $953.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is RMBKX actively managed or an index fund?

RMBKX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (RMBKX's is 1.33%) in exchange for the discretion to over- or under-weight positions.

When was RMBKX launched?

RMB Mendon Financial Services Fund (RMBKX) launched in June 1999 and is managed by the fund issuer.

How has RMBKX performed?

RMBKX'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.