Fund Evaluator:
RMB International I (RMBTX)
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Best Performing in Foreign Large Blend Over the Last Year
| 35.2% | AB International Strat Eqs Z (STEZX) |
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| 31.4% | Nationwide Bailard Intl Eqs M (NWHLX) |
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Fund Details
RMB International I Overview
RMB International I (RMBTX) is an actively managed International Equity Foreign Large Blend fund. RMB Funds launched the fund in 2017.
The investment seeks long-term capital appreciation. The fund invests, under normal conditions, in at least three different countries and at least 40% of its total assets in securities of non-U.S. issuers organized or having their principal place of business outside the U.S. or doing a substantial amount (more than 50%) of business outside the U.S. Investments in ETFs based on non-U.S. market indices are considered investments outside the U.S. for purposes of the 40% requirement.
About RMB International I (RMBTX)
There are 3 members of the management team with an average tenure of 2.25 years: Charles Henness (2024), Jim Plumb (2022), Ilhwa Lee (2026). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI EAFE NR USD index with a weighting of 100%. RMB International I has 46 securities in its portfolio. The top 10 holdings constitute 35.0% 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 International I is part of the Equity global asset class and is within the International Equity fund group. RMB International I has 98.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 98.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). RMB International I has 1.5% of the portfolio in cash.
Assets Under Management
The fund has $361 million in total assets, which is below the $2 billion average for the Foreign Large Blend 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.
RMBTX 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 International I expense ratio is high compared to funds in the Foreign Large Blend category. RMB International I has an expense ratio of 0.98%, which is 4% higher than its category average, making the fund expense ratio grade a C. 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. RMB International I has a portfolio turnover rate of 31%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Foreign Large Blend category.
Recently, in the month of July 2026, RMB International I returned 0.7%, which earned it a grade of C, as the Foreign Large Blend category had an average return of 0.7%. 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 International I has a trailing yield of 1.44%, which is below the 2.17% category average. The fund normally distributes its income annually 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 International I Grades
Year to date, the fund has returned 14.9%, 3.3 percentage points better than the category, which translates into a grade of A. The fund has returned 30.1% over the past year (grade of A), 15.4% over the past three years (grade of D) and 7.8% per year over the past five years (grade of D).
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RMBTX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| RMBTX Return (NAV) | 0.7% | 5.8% | 30.1% | 15.4% | 7.8% | na |
| RMBTX Grade | C | A | A | D | D | na |
| +/- Category | 0.0% | 1.4% | 5.9% | -0.5% | -0.6% | na |
| Foreign Large Blend Avg | 0.7% | 4.4% | 24.2% | 15.9% | 8.4% | 9.1% |
| RMBTX Tax Cost Ratio | na | na | 0.7% | 0.8% | 0.7% | na |
RMBTX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| RMBTX Return (NAV) | 14.9% | 32.7% | 0.0% | 12.9% | -16.9% | 9.5% | 7.0% | 19.2% | -21.7% | na | na |
| RMBTX Grade | A | B | F | F | C | D | F | F | F | na | na |
| +/- Category | 3.3% | 2.2% | -4.9% | -3.3% | -0.6% | -0.6% | -4.8% | -3.7% | -6.5% | na | na |
| Foreign Large Blend Avg | 11.6% | 30.5% | 4.9% | 16.2% | -16.4% | 10.2% | 11.8% | 22.9% | -15.2% | 26.4% | 1.0% |
| Risk Measures | |
| Standard Deviation: | 12.8% |
| Total Risk Index: | 1.05 - Above Average |
| Category Risk Index: | 0.99 - Average |
| Category Risk Grade: | C (55% Rank) |
| Beta: | 0.87 |
| R-Squared: | 87% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 1.4% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $361 Mil |
| Fund Total Assets: | $ 361 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 31% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 4.3 years | |||
| Average Tenure: 2.3 years | |||
| Managers (Year): Plumb Jim (2022), Henness Charles (2024), Lee Ilhwa (2026) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 46 |
| % in Top 10 Holdings: | 35.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 98.5% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 98.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.5% |
Purchase Information
| Fund Family: | RMB Funds |
| Phone Number: | 800-462-2392 |
| Website: | www.burnhamfunds.com |
| Status: | Open |
| Inception Date: | December 27, 2017 |
| 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 (%): | 0.98% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.94% |
| Share Class: | RMB International I |
| Min. Subsequent Purchase: | $25,000 |
| Min. Subsequent IRA Purchase: | $ 500 |
