Fund Evaluator:
1919 Socially Responsive Balanced I (LMRNX)
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Best Performing in Moderate Allocation Over the Last Year
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Fund Details
1919 Socially Responsive Balanced I Overview
1919 Socially Responsive Balanced I (LMRNX) is an actively managed Allocation Moderate Allocation fund. 1919 Funds launched the fund in 2008.
The investment seeks to provide high total return consisting of capital appreciation and current income. The fund invests in a mix of common stocks and other equity securities, including preferred equity securities, of U.S. companies of any market capitalization and fixed income securities which are primarily investment grade and may be of any maturity and any duration. Under normal circumstances, the fund will maintain at least 65% of the value of its assets in equity securities and at least 25% of the value of its assets in fixed income securities.
About 1919 Socially Responsive Balanced I (LMRNX)
There are 4 members of the management team with an average tenure of 11.50 years: Ronald Bates (2006), Aimee Eudy (2012), Robert Huesman (2020), Alison Bevilacqua (2020). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Bloomberg US Agg Bond TR USD index with a weighting of 100%. 1919 Socially Responsive Balanced I has 207 securities in its portfolio. The top 10 holdings constitute 35.2% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is considered to have an ESG focus with its investment selection and management.
1919 Socially Responsive Balanced I is part of the Allocation global asset class and is within the Allocation fund group. 1919 Socially Responsive Balanced I has 5.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 64.2%. There is 4.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 29.5% (28.5% domestic bond, 1.0% foreign bond and 0.0% convertible bond). 1919 Socially Responsive Balanced I has 2.1% of the portfolio in cash.
Assets Under Management
The fund has $483 million in total assets, which is below the $2 billion average for the Moderate Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
LMRNX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The 1919 Socially Responsive Balanced I expense ratio is above average compared to funds in the Moderate Allocation category. 1919 Socially Responsive Balanced I has an expense ratio of 0.69%, which is 31% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. 1919 Socially Responsive Balanced I has a portfolio turnover rate of 11%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 52% for the Moderate Allocation category.
Recently, in the month of August 2026, 1919 Socially Responsive Balanced I returned 1.4%, which earned it a grade of C, as the Moderate Allocation category had an average return of 1.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
1919 Socially Responsive Balanced I has a trailing yield of 0.96%, which is below the 1.95% category average. The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
1919 Socially Responsive Balanced I Grades
Year to date, the fund has returned 5.2%, 2.8 percentage points worse than the category, which translates into a grade of F. The fund has returned 8.9% over the past year (grade of F), 12.6% over the past three years (grade of D) and 5.9% per year over the past five years (grade of D) and 10.4% per year over the past 10 years (grade of A).
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LMRNX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| LMRNX Return (NAV) | 1.4% | 1.3% | 8.9% | 12.6% | 5.9% | 10.4% |
| LMRNX Grade | C | B | F | D | D | A |
| +/- Category | -0.0% | 0.1% | -3.7% | -0.5% | -0.7% | 1.8% |
| Moderate Allocation Avg | 1.4% | 1.2% | 12.6% | 13.1% | 6.6% | 8.6% |
| LMRNX Tax Cost Ratio | na | na | 0.5% | 0.4% | 0.4% | 0.8% |
LMRNX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| LMRNX Return (NAV) | 5.2% | 10.1% | 16.1% | 20.0% | -19.8% | 17.6% | 20.9% | 25.1% | -1.0% | 16.7% | 6.0% |
| LMRNX Grade | F | F | A | A | F | A | A | A | A | A | D |
| +/- Category | -2.8% | -3.3% | 3.8% | 5.6% | -5.9% | 3.2% | 8.0% | 5.3% | 4.1% | 2.9% | -1.7% |
| Moderate Allocation Avg | 8.0% | 13.4% | 12.2% | 14.3% | -14.0% | 14.4% | 12.9% | 19.8% | -5.1% | 13.8% | 7.7% |
| Risk Measures | |
| Standard Deviation: | 10.0% |
| Total Risk Index: | 0.83 - Average |
| Category Risk Index: | 1.10 - High |
| Category Risk Grade: | F (96% Rank) |
| Beta: | 0.94 |
| R-Squared: | 74% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 1.0% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $903 Mil |
| Fund Total Assets: | $ 483 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 11% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 19.7 years | |||
| Average Tenure: 11.5 years | |||
| Managers (Year): Bates Ronald (2006), Eudy Aimee (2012), Huesman Robert (2020), Bevilacqua Alison (2020) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 207 |
| % in Top 10 Holdings: | 35.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 5.2% |
Portfolio Allocation |
|
| Domestic Stock: | 64.2% |
| Foreign Stock: | 4.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 28.5% |
| Foreign Bond: | 1.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.1% |
Purchase Information
| Fund Family: | 1919 Funds |
| Phone Number: | 844-828-1919 |
| Website: |
| Status: | Open |
| Inception Date: | July 24, 2008 |
| Min. Initial Purchase: | $1,000,000 |
| Min. Initial IRA Purchase: | $1,000,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.69% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.99% |
| Share Class: | 1919 Socially Responsive Balanced A |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
