Aquarius International Fund

C000198553 Fund Overview

Aquarius International Fund is a US mutual fund managed by Rbb Fund, Inc., categorised as Developed ex-US Large 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: Developed ex-US Large Cap Blend / Core Equity
• Assets under management: $836.36M
• 1-year return: 29.0%
• SEC CIK: 0000831114
• SEC series ID: S000061328
• Share class ID: C000198553

C000198553 Investment Objective and Strategy

Aquarius International Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Rbb Fund, Inc..

Investment objective

"The Aquarius International Fund (the ""Fund"") seeks capital appreciation."

Principal investment strategy

"The Fund seeks to achieve its investment objective by investing, under normal circumstances, primarily in securities of companies located outside the United States, including emerging market countries. The Fund determines where a company is located, and thus, whether a company is considered to be located outside the United States by considering whether: (i) it is organized under the laws of or maintains its principal office in a country located outside the United States; (ii) its securities are principally traded on trading markets in countries located outside the United States; (iii) it derives at least 50% of its total revenue or profits from either goods produced or services performed or sales made in countries located outside the United States; or (iv) it has at least 50% of its assets in countries located outside the United States.

The Fund may invest in companies of any size capitalization. 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 international universe. The Sub-Advisers will implement one or more of the following investment strategies summarized below: ? Developed Market A Sub-Adviser following the developed market style is expected to invest primarily in companies located in those countries included in the MSCI EAFE Index. As of October 31, 2017, the following countries were included in the MSCI EAFE Index: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the UK. When investing in developed international markets, a Sub-Adviser may follow either a growth or a value investment style.

A Sub-Adviser following a growth investment style would invest primarily in companies with consistent or accelerating growth in earnings, revenues, cash flow, and/or other financial metrics. A Sub-Adviser following a value investment style would invest primarily in companies that are out of favor and/or undervalued in comparison to their peers or their growth prospects. ? Emerging Market A Sub-Adviser following the emerging market style is expected to invest primarily in companies located in those countries included in the MSCI Emerging Markets Index. As of October 31, 2017, the following countries were included in the MSCI Emerging Markets Index: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Pakistan, Peru, Philippines, Poland, Russia, Qatar, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates.

? 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 MSCI EAFE 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 equity securities, including common stocks, preferred stocks, convertible securities, sponsored and unsponsored depositary receipts, warrants and rights. In addition to purchasing equity securities on exchanges where the companies are located, the Fund may purchase equity securities on exchanges other than where their companies are domiciled (often traded as dual listed securities) or in the form of Depositary Receipts, which include American Depositary Receipts (""ADRs""), Global Depositary Receipts (""GDRs"") or similar securities.

The Fund may also invest in other investment companies, including exchange-traded funds (""ETFs""). Investments in ETFs based on foreign market indices are considered investments outside the U.S. The Fund may enter into currency contracts (such as spot, forward and futures) to hedge foreign currency exposure. The Fund may invest a portion of its assets in fixed income securities, including securities issued by corporate and governmental issuers. The principal debt investments of the Fund will be fixed and floating rate securities with no reset terms. 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."

C000198553 Holdings

Top 10 holdings of Aquarius International Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000198553 holdings

C000198553 Portfolio Allocation

Asset-class allocation of Aquarius International Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000198553 Performance

Total returns for C000198553 (as of 2026-10-01), from SEC filings.

C000198553 Risk Information

Risk metrics for C000198553, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 14.7%

C000198553 Costs and Fees

C000198553 costs about $67 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.67%
• Gross expense ratio: 0.67%
• Portfolio turnover: 64%
• Brokerage commissions: 9.64 bps of average net assets (SEC N-CEN)

C000198553 Cashflows

Over the 12 months to 2026-05, Aquarius International Fund had net inflows of $517.02K, from monthly SEC N-PORT filings.

C000198553 Debt Constituents

No individual debt constituents are reported in Aquarius International Fund's latest SEC N-PORT filing.

C000198553 Prospectus and SEC Filings

Official Aquarius International 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 Developed ex-US Large Cap Blend / Core Equity funds tracked on ABC INVEST:

• Vanguard Total International Stock Index Fund (VGTSX)
• Vanguard Developed Markets Index Fund (VTMGX)
• Vanguard FTSE All-World Ex-US Index Fund (VEU)
• Fidelity Series Global Ex U.S. Index Fund (FSGEX)
• Dodge & Cox International Stock Fund (DODFX)

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.