Fund Evaluator:
RMB Quality Intermediate Core I (RMBQX)
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Fund Details
RMB Quality Intermediate Core I Overview
RMB Quality Intermediate Core I (RMBQX) is an actively managed Taxable Bond Intermediate Core Bond fund. RMB Funds launched the fund in 2025.
The investment seeks current income consistent with the maintenance of principal and liquidity. The fund manager pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets in fixed income securities that are rated investment grade or equivalent by a NRSO's or, if a security is unrated, that the fund’s investment adviser considers to be of comparable quality. Fixed income securities in which the fund invests include U.S. government debt, U.S. government agency debt, taxable municipal bonds, corporate debt, non-corporate debt, and mortgage and asset backed securities.
About RMB Quality Intermediate Core I (RMBQX)
There are 2 members of the management team with an average tenure of 0.94 years: Jonathan Rigano (2025), Patrick Thiel (2025). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Bloomberg Intrmdte US Govt/Cr A+ TR USD index with a weighting of 100%. RMB Quality Intermediate Core I has 157 securities in its portfolio. The top 10 holdings constitute 41.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
RMB Quality Intermediate Core I is part of the Fixed Income global asset class and is within the Taxable Bond fund group. RMB Quality Intermediate Core I has 0.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 99.0% (98.7% domestic bond, 0.3% foreign bond and 0.0% convertible bond). RMB Quality Intermediate Core I has 1.0% of the portfolio in cash.
Assets Under Management
The fund has $250 million in total assets, which is below the $3 billion average for the Intermediate Core Bond 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.
RMBQX 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 RMB Quality Intermediate Core I expense ratio is below average compared to funds in the Intermediate Core Bond category. RMB Quality Intermediate Core I has an expense ratio of 0.36%, which is 36% 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. A portfolio turnover rate cannot be currently calculated for RMB Quality Intermediate Core I. By way of comparison, the average portfolio turnover is 151% for the Intermediate Core Bond category.
Recently, in the month of August 2026, RMB Quality Intermediate Core I returned 0.1%, which earned it a grade of F, as the Intermediate Core Bond category had an average return of 0.3%. 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.
RMB Quality Intermediate Core I has a trailing yield of 0.00%, which is below the 4.04% category average. The fund normally distributes its income daily 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.
RMB Quality Intermediate Core I Grades
Year to date, the fund has returned -0.2%, 0.2 percentage points better than the category, which translates into a grade of B.
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RMBQX 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 |
|
| RMBQX Return (NAV) | 0.1% | -0.3% | na | na | na | na |
| RMBQX Grade | F | A | na | na | na | na |
| +/- Category | -0.2% | 0.5% | na | na | na | na |
| Intermediate Core Bond Avg | 0.3% | -0.8% | 1.6% | 4.0% | -0.4% | 1.4% |
| RMBQX Tax Cost Ratio | na | na | na | na | na | na |
RMBQX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| RMBQX Return (NAV) | -0.2% | na | na | na | na | na | na | na | na | na | na |
| RMBQX Grade | B | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 0.2% | na | na | na | na | na | na | na | na | na | na |
| Intermediate Core Bond Avg | -0.4% | 7.0% | 1.6% | 5.6% | -13.2% | -1.5% | 8.1% | 8.5% | -0.4% | 3.6% | 2.8% |
| Risk Measures | |
| Standard Deviation: | na |
| Total Risk Index: | na |
| Category Risk Index: | na |
| Category Risk Grade: | |
| Beta: | na |
| R-Squared: | na |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | -- |
| Dividend Distribution: | Daily |
| Cap Gains Distribution: | Annually |
| Total Assets: | $250 Mil |
| Fund Total Assets: | $ 250 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | na |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.9 years | |||
| Average Tenure: 0.9 years | |||
| Managers (Year): Rigano Jonathan (2025), Thiel Patrick (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 157 |
| % in Top 10 Holdings: | 41.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.3% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 98.7% |
| Foreign Bond: | 0.3% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.0% |
Purchase Information
| Fund Family: | RMB Funds |
| Phone Number: | 800-462-2392 |
| Website: | www.burnhamfunds.com |
| Status: | Open |
| Inception Date: | September 22, 2025 |
| Min. Initial Purchase: | $100,000 |
| Min. Initial IRA Purchase: | $2,500 |
| 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 (%): | 0.36% ( Rating : Below Avg ) |
| Category Average Expense Ratio (%): | 0.56% |
| Share Class: | RMB Quality Intermediate Core I |
| Min. Subsequent Purchase: | $25,000 |
| Min. Subsequent IRA Purchase: | $ 500 |
