CHICAGO--(BUSINESS WIRE)--The RMB Mendon Financial Services Fund (the “Fund”) will “soft close” on March 15, 2017. This “soft close” is designed to ensure that the Fund continues to be managed in the best interests of its existing shareholders. Effective as of the close of trading on March 14, 2017, the availability of the Fund to new investors is limited. New investors in the Fund must meet certain requirements as set forth in the Fund’s prospectus to make an investment. Those who are shareholders of the Fund as of March 14, 2017, and who continue to be shareholders thereafter, may make additional investments in the Fund and also reinvest dividends and capital gain distributions in the Fund unless RMB Capital considers such additional purchases not to be in the best interests of the Fund and its other shareholders. Tickers impacted by the soft close are RMBKX, RMBLX, and RMBNX.
The RMB Mendon Financial Services Fund (RMBKX), rated ★★★★★ by Morningstar© (OVERALL rating, out of 100 funds in the Financial category as of 12/31/16), 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 Fund’s 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.
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.
© 2016 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 fund’s 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 12/31/2016 against the following number of U.S. domiciled financial funds over the following time periods: 100 funds in the last three years, 94 funds in the last 5 years, and 71 funds in the last 10 years. With respect to these financial funds, RMB Mendon Financial Services Fund Class A received a Morningstar rating of 5, 5, and 5 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.
Foreside Financial Services, LLC, Principal Distributor
ABOUT RMB CAPITAL
RMB Capital is an independent, diversified financial services firm. Its businesses include wealth management, asset management, and retirement plan consulting. RMB is headquartered in Chicago with offices in Denver, Jackson Hole, Wyo., Washington, D.C., and New York City. To learn more about RMB Capital, visit www.rmbcap.com.