RMMBX — Aspiriant Risk-Managed Municipal Bond Fund
Data updated: 2026-06-11
RMMBX — Aspiriant Risk-Managed Municipal Bond Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Municipal - National Bond · $1.27B AUM · 0.43% expense ratio · 3.9% 1-yr return. From SEC regulatory filings.
RMMBX Fund Overview
RMMBX — Aspiriant Risk-Managed Municipal Bond Fund is a US mutual fund managed by Aspiriant Trust, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Aspiriant Trust
- Category: Long Municipal - National Bond
- Assets under management: $1.27B
- 1-year return: 3.9%
- Ticker: RMMBX
- SEC CIK: 0001534881
- SEC series ID: S000049584
- Share class ID: C000156767
RMMBX Holdings
Top 10 holdings of Aspiriant Risk-Managed Municipal Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Mackay Municipal Opportunities Fund LP | 8.25% |
| iShares National Muni Bond ETF | 6.97% |
| BlackRock Liquidity Funds MuniCash | 2.61% |
| Mackay Municipal Credit Opportunities Fund LP | 2.07% |
| JPMorgan Prime Money Market Fund | 0.62% |
| City of New York NY | 0.36% |
| Illinois Finance Authority | 0.35% |
| New Jersey Transportation Trust Fund Authority | 0.34% |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue | 0.32% |
| County of Miami-Dade FL | 0.32% |
RMMBX Portfolio Allocation
Asset-class allocation of Aspiriant Risk-Managed Municipal Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 76.3% |
| Other | 17.8% |
| Cash & Equivalents | 5.0% |
RMMBX Performance
Total returns for RMMBX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.3% |
| 1 year | 3.9% |
| 3 years (annualised) | 3.4% |
| 5 years (annualised) | 1.3% |
RMMBX Risk Information
Risk metrics for RMMBX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.7%
RMMBX Costs and Fees
RMMBX costs about $43 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.43%
- Gross expense ratio: 0.55%
- Portfolio turnover: 23%
- Brokerage commissions: 0.01 bps of average net assets (SEC N-CEN)
RMMBX Cashflows
Over the 12 months to 2026-03, Aspiriant Risk-Managed Municipal Bond Fund had net inflows of $51.61M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-03 | −$32.97K |
| 2026-02 | $13.77M |
| 2026-01 | $40.63M |
| 2025-12 | $5.43M |
| 2025-11 | $3.57M |
| 2025-10 | $17.66M |
RMMBX Debt Constituents
Largest debt holdings of Aspiriant Risk-Managed Municipal Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| City of New York NY | 0.36% |
| Illinois Finance Authority | 0.35% |
| New Jersey Transportation Trust Fund Authority | 0.34% |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue | 0.32% |
| County of Miami-Dade FL | 0.32% |
| Regional Transportation District Sales Tax Revenue | 0.32% |
| Metropolitan Atlanta Rapid Transit Authority | 0.32% |
| State of Mississippi | 0.32% |
| Texas Public Finance Authority | 0.32% |
| Palomar Health | 0.30% |
RMMBX Prospectus and SEC Filings
Official Aspiriant Risk-Managed Municipal Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Long Municipal - National Bond 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.