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Morningstar

RMB Mendon Financial Services A RMBKX

Morningstar Analyst Rating
Quantitative rating as of | See RMB INVESTORS Investment Hub
  • NAV / 1-Day Return 43.97  /  1.10 %
  • Total Assets 221.4 Mil
  • Adj. Expense Ratio
    1.240%
  • Expense Ratio 1.270%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Financial
  • Investment Style Small Value
  • Min. Initial Investment 2,500
  • Status Limited
  • TTM Yield 0.69%
  • Turnover 70%

USD | NAV as of Feb 06, 2023 | 1-Day Return as of Feb 06, 2023, 11:32 PM GMT+00:00

Morningstar’s Analysis RMBKX

Will RMBKX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable RMBKX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the RMBKX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of RMBKX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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RMB Mendon Financial Services A's recent fee cut isn't enough to counter the impact of its decreased Parent Pillar rating, resulting in a downgrade to this strategy's Morningstar Quantitative Rating to Neutral from Bronze. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

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