Rbb Fund Inc - Matson Money Intl Eq VI Portf Fd USD
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
3.3%
1 yr return
12.0%
3 Yr Avg Return
2.9%
5 Yr Avg Return
5.8%
Net Assets
$2.96 B
Holdings in Top 10
104.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.14%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 2.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FMVIX - Profile
Distributions
- YTD Total Return 3.3%
- 3 Yr Annualized Total Return 2.9%
- 5 Yr Annualized Total Return 5.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 4.33%
- Dividend Yield 3.0%
- Dividend Distribution Frequency Annual
Fund Details
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Legal NameRbb Fund Inc - Matson Money Intl Eq VI Portf Fd USD
-
Fund Family NameMatson Money
-
Inception DateFeb 19, 2014
-
Shares Outstanding854428
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Share ClassOther
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CurrencyUSD
-
Domiciled CountryUS
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ManagerMark Matson
Fund Description
The Portfolio pursues its investment objective by investing under normal circumstances 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”) (collectively, “investment companies”) that have either adopted policies to invest at least 80% of their assets in equity securities, such as common stocks, preferred stocks or securities convertible into stocks, of foreign companies, or invest substantially all of their assets in such equity securities. The Portfolio will diversify its investments by investing primarily in investment companies that focus on different segments of the foreign equity markets, including emerging markets, with little or no focus on domestic equity markets. The purchase of shares of investment companies may result in duplication of expenses, including advisory fees, in addition to the Portfolio’s own expenses.
Under normal market conditions, the Portfolio’s investment adviser, Matson Money, Inc. (the “Adviser”), expects substantially all of the Portfolio’s net assets to be invested in the securities of investment companies, including other investment companies funded by insurance company separate accounts, that invest in the types of securities described in each asset class below, with less than 5% of the net assets invested in cash or money market instruments.
International Small Cap Value Asset Class: The underlying investment companies generally will purchase the stocks and other equity securities, directly or through sponsored or unsponsored depositary receipts, of small companies in foreign countries with developed markets that the underlying investment adviser(s) determine to be value stocks at the time of purchase. An issuer’s securities are considered value stocks primarily because they have a low price in relation to their book value. In assessing value, the underlying investment adviser(s) may consider additional factors such as price to cash flow or price to earnings ratios, as well as economic conditions and developments in the issuer’s industry. The criteria used for assessing value are subject to change from time to time. The underlying investment adviser(s) determine the maximum market capitalization of a small company with respect to each country. The threshold will vary by country or region, and the dollar amount will change from time to time due to market conditions.
International Large Cap Value Asset Class: The underlying investment companies generally will purchase the stocks and other equity securities, directly or through sponsored or unsponsored depositary receipts, of large companies in foreign countries with developed markets that the underlying investment adviser(s) determine to be value stocks at the time of purchase. An issuer’s securities are considered value stocks primarily because they have a low price in relation to their book value. In assessing value, the underlying investment adviser(s) may consider additional factors such as price to cash flow or price to earnings ratios, as well as economic conditions and developments in the issuer’s industry. The criteria used for assessing value are subject to change from time to time. The underlying investment adviser(s) determine the minimum market capitalization of a large company with respect to each country or region. The threshold will vary by country or region, and the dollar amount will change from time to time due to market conditions.
International Small Company Asset Class: The underlying investment companies generally will purchase the stocks and other equity securities, directly or through sponsored or unsponsored depositary receipts, of small companies in foreign countries with developed markets. The underlying investment adviser(s) determine the maximum market capitalization of a small company with respect to each country. This threshold will vary by country or region, and the dollar amount will change from time to time due to market conditions.
International Large Cap Asset Class: The underlying investment companies generally will purchase the stocks and other equity securities, directly or through sponsored or unsponsored depositary receipts, of large companies in foreign countries with developed markets. The underlying investment adviser(s) determine the minimum market capitalization of a large company with respect to each country or region. The threshold will vary by country or region, and the dollar amount will change from time to time due to market conditions.
Emerging Markets Asset Class, Emerging Markets Value Asset Class, and Emerging Markets Small Cap Asset Class (collectively, the “Emerging Markets Asset Classes”): Underlying investment companies comprising each Emerging Markets Asset Class generally will purchase stocks and other equity securities, directly or through sponsored or unsponsored depositary receipts, of companies located in emerging market countries, including frontier markets (emerging market countries in an earlier stage of development). The underlying investment companies investing in securities of the Emerging Markets Asset Class and the Emerging Markets Small Cap Asset Class will generally purchase the equity securities of larger and smaller companies, respectively, within each country. The underlying investment adviser(s) determine company size primarily based on market capitalization. The thresholds will vary by country or region, and the dollar amounts will change from time to time due to market conditions.
The underlying investment companies in the Emerging Markets Value Asset Class generally will purchase emerging market equity securities that are deemed by the underlying investment adviser(s) to be value stocks at the time of purchase. An issuer’s securities are considered value stocks primarily because they have a low price in relation to their book value. In assessing value, the underlying investment adviser(s) may consider additional factors such as price to cash flow or price to earnings ratios. The criteria used for assessing value are subject to change from time to time.
The underlying investment companies may use derivatives, such as futures contracts and options on futures contracts for equity securities and indices, to hedge currency exposure or to adjust market exposure based on actual or expected cash inflows or outflows from the underlying investment company. Underlying index-based ETFs may use derivatives, including futures contracts, options on futures contracts, forward currency contracts, options and swaps to help the ETF track its underlying index.
The Portfolio reserves the right to hold up to 100% of its assets as a temporary defensive measure in cash and money market instruments such as U.S. government securities, bank obligations and commercial paper. To the extent the Portfolio employs a temporary defensive measure, the Portfolio may not achieve its investment objective. Periodically the Adviser will review the allocations for the Portfolio in each underlying investment company and may add or remove underlying investment companies and/or change the investment allocation percentages of the Portfolio in the underlying investment companies without notice to shareholders or the holders of the variable annuity or variable life insurance policies.
FMVIX - Performance
Return Ranking - Trailing
Period | FMVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.3% | -1.3% | 9.8% | 25.93% |
1 Yr | 12.0% | 0.7% | 30.4% | 61.11% |
3 Yr | 2.9%* | -2.8% | 30.6% | 33.33% |
5 Yr | 5.8%* | 2.7% | 18.5% | 62.22% |
10 Yr | 3.6%* | 1.5% | 6.1% | 81.82% |
* Annualized
Return Ranking - Calendar
Period | FMVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.2% | -5.4% | 35.2% | 64.15% |
2022 | -13.5% | -22.7% | 5.8% | 33.33% |
2021 | 7.6% | -5.7% | 19.7% | 66.67% |
2020 | 0.4% | -10.7% | 30.9% | 69.39% |
2019 | 12.3% | 2.1% | 31.6% | 77.78% |
Total Return Ranking - Trailing
Period | FMVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.3% | -1.3% | 9.8% | 25.93% |
1 Yr | 12.0% | 0.7% | 30.4% | 61.11% |
3 Yr | 2.9%* | -2.8% | 30.6% | 33.33% |
5 Yr | 5.8%* | 2.7% | 18.5% | 62.22% |
10 Yr | 3.6%* | 1.5% | 6.1% | 81.82% |
* Annualized
Total Return Ranking - Calendar
Period | FMVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 15.7% | 3.2% | 40.0% | 67.92% |
2022 | -10.7% | -22.3% | 6.4% | 41.18% |
2021 | 14.3% | 9.0% | 77.0% | 62.75% |
2020 | 2.6% | -10.3% | 37.2% | 75.51% |
2019 | 17.4% | 8.6% | 31.9% | 71.11% |
NAV & Total Return History
FMVIX - Holdings
Concentration Analysis
FMVIX | Category Low | Category High | FMVIX % Rank | |
---|---|---|---|---|
Net Assets | 2.96 B | 6.93 M | 10.9 B | 11.11% |
Number of Holdings | 10 | 10 | 5533 | 100.00% |
Net Assets in Top 10 | 21.1 M | 398 K | 2.92 B | 83.33% |
Weighting of Top 10 | 104.23% | 0.3% | 104.7% | 3.70% |
Top 10 Holdings
- DFA International Value Portfolio III 29.87%
- DFA International Small Cap Value Portfolio 28.04%
- DFA INVT DIMENSIONS GROUP INC VA INTL SMALL 17.28%
- iShares Core MSCI Emerging Markets ETF 5.24%
- DFA INVT DIMENSIONS GROUP INC VA INTL VALUE 4.98%
- DFA Emerging Markets Small Cap Portfolio 4.89%
- DFA Emerging Markets Value Portfolio 4.89%
- Mount Vernon Liquid Assets Portfolio, LLC 4.10%
- iShares Core MSCI EAFE ETF 4.05%
- Invesco Government Agency Portfolio 0.90%
Asset Allocation
Weighting | Return Low | Return High | FMVIX % Rank | |
---|---|---|---|---|
Stocks | 99.23% | 0.99% | 100.67% | 35.19% |
Cash | 5.00% | 0.00% | 99.01% | 22.22% |
Preferred Stocks | 0.00% | 0.00% | 4.46% | 66.67% |
Other | 0.00% | -1.36% | 4.62% | 48.15% |
Convertible Bonds | 0.00% | 0.00% | 0.41% | 36.54% |
Bonds | 0.00% | 0.00% | 5.03% | 33.33% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FMVIX % Rank | |
---|---|---|---|---|
Financial Services | 22.27% | 3.05% | 32.74% | 19.23% |
Industrials | 16.14% | 5.36% | 31.52% | 90.38% |
Basic Materials | 14.35% | 1.74% | 28.84% | 25.00% |
Consumer Cyclical | 11.89% | 4.00% | 24.14% | 38.46% |
Energy | 9.34% | 0.00% | 19.25% | 21.15% |
Technology | 6.55% | 0.00% | 18.01% | 67.31% |
Consumer Defense | 4.92% | 3.45% | 18.05% | 76.92% |
Healthcare | 4.84% | 0.00% | 9.89% | 42.31% |
Communication Services | 4.05% | 0.00% | 8.94% | 46.15% |
Real Estate | 3.66% | 0.00% | 16.01% | 53.85% |
Utilities | 1.99% | 0.00% | 15.19% | 61.54% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FMVIX % Rank | |
---|---|---|---|---|
US | 99.23% | 0.00% | 99.95% | 3.70% |
Non US | 0.00% | 0.00% | 100.52% | 100.00% |
FMVIX - Expenses
Operational Fees
FMVIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.14% | 0.36% | 4.91% | 46.30% |
Management Fee | 0.50% | 0.30% | 1.59% | 20.37% |
12b-1 Fee | N/A | 0.00% | 0.75% | N/A |
Administrative Fee | N/A | 0.01% | 0.15% | N/A |
Sales Fees
FMVIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 5.75% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
FMVIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | 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.
FMVIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 2.00% | 2.00% | 119.00% | 2.08% |
FMVIX - Distributions
Dividend Yield Analysis
FMVIX | Category Low | Category High | FMVIX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.00% | 0.00% | 8.87% | 51.85% |
Dividend Distribution Analysis
FMVIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
FMVIX | Category Low | Category High | FMVIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.33% | -0.10% | 4.33% | 1.92% |
Capital Gain Distribution Analysis
FMVIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 28, 2023 | $0.789 | OrdinaryDividend |
Dec 28, 2022 | $0.733 | OrdinaryDividend |
Dec 28, 2021 | $1.638 | OrdinaryDividend |
Dec 26, 2018 | $0.389 | OrdinaryDividend |
Dec 26, 2017 | $0.541 | OrdinaryDividend |
Dec 29, 2016 | $0.442 | OrdinaryDividend |
Dec 30, 2015 | $0.241 | OrdinaryDividend |
FMVIX - Fund Manager Analysis
Managers
Mark Matson
Start Date
Tenure
Tenure Rank
Feb 18, 2014
8.28
8.3%
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
2.78
2.8%
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 |
---|---|---|---|
0.06 | 26.6 | 7.22 | 10.34 |