Adara Smaller Companies Fund
Data updated: 2026-07-28
C000147051 — Adara Smaller Companies Fund. United States Small Cap Blend / Core Equity · $826.15M AUM. Holdings, fees, performance and SEC filings.
C000147051 Fund Overview
Adara Smaller Companies Fund is a US mutual fund managed by Rbb Fund, Inc., categorised as United States Small Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Rbb Fund, Inc.
- Category: United States Small Cap Blend / Core Equity
- Assets under management: $826.15M
- 1-year return: 41.9%
- SEC CIK: 0000831114
- SEC series ID: S000047045
- Share class ID: C000147051
C000147051 Investment Objective and Strategy
Adara Smaller Companies Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Rbb Fund, Inc..
Investment objective
"The Adara Smaller Companies Fund (formerly, the Altair Smaller Companies Fund) (the ""Fund"") seeks capital appreciation."
Principal investment strategy
"The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (including borrowing for investment purposes) in equity securities of small or micro-cap companies. Small or micro-cap companies are generally considered to be those whose market capitalization are, at the time the Fund makes an investment, within the range of the market capitalization of companies in the Russell Microcap Index ($8 million to $2.0 billion as of November 30, 2017), the Russell 2000 Index ($22 million to $9.4 billion as of November 30, 2017), or the S&P SmallCap 600 Index ($62 million to $8.4 billion as of November 30, 2017). Securities of companies whose market capitalization no longer meet this definition after purchase may continue to be held by the Fund.
The Fund utilizes a ""multi-manager"" approach whereby the Fund's assets are allocated to one or more sub-advisers (""Sub-Advisers"") in percentages determined at the discretion of the Fund's investment adviser, Altair Advisers LLC (the ""Adviser""). The Adviser also monitors Sub-Adviser trading with the dual objectives of maximizing each Sub-Adviser's investment flexibility and assuring that the Fund as a whole complies with its investment restrictions. Otherwise, each Sub-Adviser acts independently from the others and utilizes its own distinct investment style in selecting securities. However, each Sub-Adviser must operate within the constraints of the Fund's investment objective and strategies and the particular investment restrictions applicable to that Sub-Adviser. The Sub-Advisers will implement a number of different investment strategies and styles within the small and micro-cap universe.
The Sub-Advisers will implement one or more of the following investment strategies summarized below: Small or Micro-Cap Growth A Sub-Adviser following a growth investment style is expected to invest primarily in small or micro-cap companies with consistent or accelerating growth in earnings, revenues, cash flow, and/or other financial metrics. Small or Micro-Cap Value A Sub-Adviser following a value investment style is expected to invest primarily in small or micro-cap companies that are out of favor and/or undervalued in comparison to their peers or their growth prospects. Small or Micro-Cap Core A Sub-Adviser following a core investment style is expected to invest in small or micro-cap companies that have both value characteristics and growth characteristics. Tax Loss Harvesting A Sub-Adviser following a tax loss harvesting style is expected to hold a portfolio of securities that will have a pre-tax return similar to the performance of the S&P SmallCap 600 Index.
The Sub-Adviser will seek to generate strong-after tax returns by timing trades to avoid realizing capital gains and to harvest losses when possible. The Fund may use losses generated from the tax loss harvesting Sub-Adviser to offset gains from other Sub-Advisers. The Fund's Sub-Advisers will invest primarily in equities and equity-related instruments of small and micro-cap companies. Equities and equity-related instruments include common stocks, preferred stocks, convertible securities, sponsored and unsponsored depositary receipts, warrants and rights. The Fund may participate as a purchaser in initial public offerings of securities (""IPOs""). An IPO is a company's first offering of stock to the public. The Fund may also invest in companies that may experience unusual and possibly unique developments, or ""special situations"", which may create a special opportunity for significant returns.
Special situations include: significant technological improvements or important discoveries; reorganizations, recapitalizations or mergers; favorable resolutions of litigation; new management or material changes in company policies; and actual or potential changes in control of a company. The Sub-Advisers may also invest in real estate investment trusts (""REITs""), debt securities, and foreign securities (directly and through depository receipts)."
C000147051 Holdings
Top 10 holdings of Adara Smaller Companies Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| U.S. Bank Money Market Deposit Account | 3.30% |
| Planet Labs PBC | 1.01% |
| Comfort Systems USA Inc | 0.89% |
| Applied Optoelectronics Inc | 0.80% |
| nLight Inc | 0.76% |
| Praxis Precision Medicines Inc | 0.76% |
| CECO Environmental Corp | 0.74% |
| Carpenter Technology Corp | 0.68% |
| Vita Coco Co Inc/The | 0.67% |
| ArcBest Corp | 0.67% |
C000147051 Portfolio Allocation
Asset-class allocation of Adara Smaller Companies Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 96.7% |
| Cash & Equivalents | 3.3% |
C000147051 Performance
Total returns for C000147051 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 16.2% |
| 1 year | 41.9% |
| 3 years (annualised) | 21.8% |
| 5 years (annualised) | 8.4% |
C000147051 Risk Information
Risk metrics for C000147051, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.4%
C000147051 Costs and Fees
C000147051 costs about $80 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.80%
- Gross expense ratio: 0.80%
- Portfolio turnover: 71%
- Brokerage commissions: 14.84 bps of average net assets (SEC N-CEN)
C000147051 Cashflows
Over the 12 months to 2026-05, Adara Smaller Companies Fund had net inflows of $11.44M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$9.52M |
| 2026-04 | $665.77K |
| 2026-03 | $4.98M |
| 2026-02 | −$1.64M |
| 2026-01 | −$4.67M |
| 2025-12 | $58.20M |
C000147051 Debt Constituents
No individual debt constituents are reported in Adara Smaller Companies Fund's latest SEC N-PORT filing.
C000147051 Prospectus and SEC Filings
Official Adara Smaller Companies Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-12-22
- Prospectus supplement (497) — filed 2026-01-05
- Prospectus supplement (497) — filed 2025-01-06
- Portfolio holdings (N-PORT) — filed 2026-07-28
- Portfolio holdings (N-PORT) — filed 2026-04-28
- Portfolio holdings (N-PORT) — filed 2026-01-28
- Annual census (N-CEN) — filed 2023-11-14
- Annual census (N-CEN) — filed 2022-11-14
Related Funds
Other United States Small Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.