RMBKX Fees and Costs — RMB Mendon Financial Services Fund, Class A
Data updated: 2026-08-19
The net expense ratio is 1.33%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.33% other expenses. This share class carries a maximum front-end sales load of 5.00%. In fiscal 2025 the fund paid $321K in broker commissions, 0.1554% of average net assets, and portfolio turnover was 50%.
RMBKX Fees and Expenses
Annual operating expenses and sales charges of RMBKX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.33% |
| Gross expense ratio | 1.33% |
| Fee waiver | — |
| Net expense ratio | 1.33% |
| Sales charges | |
|---|---|
| Max front load | 5.00% |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
RMBKX Costs Over Time
On $10,000 invested in RMBKX, assuming 5% a year before costs, total costs come to $1,512 over 5 years, cutting the return by 2.62% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $500 | $500 | $500 |
| Fund expenses (net expense ratio 1.33%) | $133 | $412 | $711 |
| Trading costs (broker commissions) | $16 | $48 | $83 |
| Lost growth on money paid in costs | $25 | $102 | $219 |
| Total costs | $673 | $1,062 | $1,512 |
| Value after costs | $9,827 | $10,515 | $11,251 |
| Impact on return, per year | 6.73% | 3.31% | 2.62% |
RMBKX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1554%
- Total broker commissions: $321K
- Bought from dealers (principal trades, not a cost): $42.0M
- Portfolio turnover (prospectus): 50%
- Securities lending: none during the year
RMBKX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RAYMOND JAMES & ASSOCIATES INC. | $109K | 40.29% |
| KEEFE, BRUYETTE & WOODS, INC. | $33K | 12.22% |
| STEPHENS INC. | $24K | 9.00% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $23K | 8.47% |
| PIPER JAFFRAY & CO. | $19K | 6.88% |
| COWEN AND COMPANY, LLC | $15K | 5.54% |
| WELLS FARGO SECURITIES LLC | $15K | 5.54% |
| BMO CAPITAL MARKETS CORP. | $12K | 4.48% |
| DEUTSCHE BANK SECURITIES INC. | $11K | 3.99% |
| BTIG, LLC | $10K | 3.60% |
RMBKX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| PIPER JAFFRAY & CO. | $13.4M | 32.03% |
| HOVDE GROUP, LLC | $9.2M | 21.92% |
| STEPHENS INC. | $7.2M | 17.09% |
| KEEFE, BRUYETTE & WOODS, INC. | $4.6M | 10.97% |
| COWEN AND COMPANY, LLC | $3.7M | 8.85% |
| PERSHING LLC | $2.1M | 5.00% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $1.6M | 3.90% |
| MORGAN STANLEY & CO. LLC | $96K | 0.23% |
RMB Mendon Financial Services Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RMBLX | Class I | 1.08% | — |
| RMBKX | Class A | 1.33% | 5.00% |
| RMBNX | Class C | 2.08% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.