FMFIX: RBB Free Market Fixed Income Instl

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FMFIX RBB Free Market Fixed Income Instl


Profile

FMFIX - Profile

Vitals

  • YTD Return 2.4%
  • 3 Yr Annualized Return 0.9%
  • 5 Yr Annualized Return 0.7%
  • Net Assets $2.29 B
  • Holdings in Top 10 99.6%

52 WEEK LOW AND HIGH

$10.62
$9.98
$10.62

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.55%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 3.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Short-Term Bond

Distributions

  • YTD Total Return 2.4%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return 1.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.62%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    RBB Free Market Fixed Income Fund
  • Fund Family Name
    RBB Funds
  • Inception Date
    Dec 31, 2007
  • Shares Outstanding
    217269442
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Mark Matson

Fund Description

The fund normally invests at least 80% of its net assets, including any borrowings for investment purposes, in shares of registered, open-end investment companies and exchange-traded funds ("ETFs") that have either adopted policies to invest at least 80% of their assets in fixed income securities that the Adviser believes offer the prospect of providing total return, or invest substantially all of their assets in such fixed income securities. It reserves the right to hold up to 100% of its assets as a temporary defensive measure in cash and money market instruments.


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Categories

Performance

FMFIX - Performance

Return Ranking - Trailing

Period FMFIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -9.7% 4.7% 11.11%
1 Yr 2.0% -12.2% 4.9% 15.05%
3 Yr 0.9%* -4.6% 1.5% 9.03%
5 Yr 0.7%* -20.2% 1.8% 7.86%
10 Yr 0.2%* -10.2% 2.2% 18.75%

* Annualized

Return Ranking - Calendar

Period FMFIX Return Category Return Low Category Return High Rank in Category (%)
2019 3.3% -6.6% 4.9% 11.67%
2018 -1.8% -4.8% 1.0% 54.78%
2017 -0.2% -1.4% 2.8% 70.00%
2016 0.5% -65.8% 7.1% 44.37%
2015 -0.2% -6.6% 3.0% 5.26%

Total Return Ranking - Trailing

Period FMFIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -9.7% 4.7% 11.11%
1 Yr 2.0% -12.2% 4.9% 15.05%
3 Yr 2.0%* -4.2% 2.7% 3.23%
5 Yr 1.6%* -18.9% 2.9% 15.00%
10 Yr 1.3%* -8.5% 3.1% 16.67%

* Annualized

Total Return Ranking - Calendar

Period FMFIX Return Category Return Low Category Return High Rank in Category (%)
2019 3.3% -6.6% 4.9% 12.78%
2018 0.4% -4.1% 6.5% 17.83%
2017 1.0% -1.4% 4.7% 27.33%
2016 1.3% -65.2% 8.4% 25.35%
2015 -0.2% -5.3% 3.1% 13.53%

NAV & Total Return History


Holdings

FMFIX - Holdings

Concentration Analysis

FMFIX Category Low Category High FMFIX % Rank
Net Assets 2.29 B 272 K 62.6 B 36.51%
Number of Holdings 10 6 2196 97.33%
Net Assets in Top 10 2.29 B -1.21 M 5.46 B 11.23%
Weighting of Top 10 99.61% 6.2% 99.6% 0.53%

Top 10 Holdings

  1. DFA Two-Year Global Fixed-Income I 24.96%
  2. iShares Short-Term Corporate Bond ETF 24.06%
  3. iShares Core International Aggt Bd ETF 14.98%
  4. DFA One-Year Fixed-Income I 14.51%
  5. iShares Intermediate-Term Corp Bd ETF 6.17%
  6. iShares 3-7 Year Treasury Bond ETF 6.04%
  7. iShares TIPS Bond ETF 4.97%
  8. iShares 1-3 Year Treasury Bond ETF 3.91%

Asset Allocation

Weighting Return Low Return High FMFIX % Rank
Bonds
73.94% 22.39% 135.68% 93.05%
Cash
24.53% -38.90% 77.61% 6.42%
Convertible Bonds
1.54% 0.00% 7.03% 59.89%
Stocks
0.00% 0.00% 6.70% 85.56%
Preferred Stocks
0.00% 0.00% 50.22% 88.24%
Other
0.00% -3.24% 7.53% 83.42%

Bond Sector Breakdown

Weighting Return Low Return High FMFIX % Rank
Government
35.24% 0.00% 52.11% 11.76%
Corporate
32.56% 1.79% 89.41% 70.05%
Cash & Equivalents
20.85% 0.00% 77.61% 7.49%
Derivative
10.73% 0.00% 29.20% 9.63%
Securitized
0.62% 0.00% 85.56% 92.51%
Municipal
0.00% 0.00% 15.58% 95.72%

Bond Geographic Breakdown

Weighting Return Low Return High FMFIX % Rank
US
39.21% 0.00% 110.01% 93.05%
Non US
34.73% 0.00% 69.43% 4.28%

Expenses

FMFIX - Expenses

Operational Fees

FMFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.55% 0.02% 23.90% 74.47%
Management Fee 0.49% 0.00% 1.19% 77.25%
12b-1 Fee N/A 0.00% 1.00% 11.86%
Administrative Fee N/A 0.01% 0.41% 10.47%

Sales Fees

FMFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

FMFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FMFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 3.00% 0.00% 496.37% 3.72%

Distributions

FMFIX - Distributions

Dividend Yield Analysis

FMFIX Category Low Category High FMFIX % Rank
Dividend Yield 0.00% 0.00% 2.09% 83.07%

Dividend Distribution Analysis

FMFIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Monthly

Net Income Ratio Analysis

FMFIX Category Low Category High FMFIX % Rank
Net Income Ratio 2.62% -2.82% 4.09% 43.62%

Capital Gain Distribution Analysis

FMFIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

FMFIX - Fund Manager Analysis

Managers

Mark Matson


Start Date

Tenure

Tenure Rank

Dec 31, 2007

12.51

12.5%

Mark E. Matson, Chief Executive Officer and Director of Matson Money, Inc., founded Matson Money, Inc. in 1991 and serves as head portfolio manager at Matson Money, Inc..

Daniel List


Start Date

Tenure

Tenure Rank

Aug 19, 2019

0.87

0.9%

Daniel J. List, Chief Compliance Officer and Vice President Of Portfolio Management of Matson Money, Inc. He is responsible for portfolio designs, compliance, trading and system designs.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.15 26.85 6.22 0.34