08/22/2024 | Press release | Distributed by Public on 08/22/2024 14:53
Supplement Dated August 22, 2024 to the Prospectus dated May 1, 2024, as previously supplemented
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Portfolio Manager | Primary Role | Title and Recent Biography |
Christopher C. Faber
RMB Small Cap Fund
RMB SMID Cap Fund |
Mr. Faber, Senior Vice President and Portfolio Manager of the Adviser, has had primary day-to-day responsibility for the management of the Fund's portfolio since inception of its predecessor fund in August 2002. | Partner (formerly, Senior Vice President) and Portfolio Manager of the Adviser (since 2017). Prior to joining the Adviser in 2017, Mr. Faber was the President and a portfolio manager of IronBridge Capital Management, L.P. ("IronBridge") from 1999 to 2017. Mr. Faber was a founding partner of HOLT Value Associates, L.P., the former parent company of IronBridge, from May 1986 to April 1999. |
Tom Fanter
RMB Fund
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Responsible for the day-to-day management of the RMB Fund's investment portfolio since August 2024. | Partner, Director of Equities, and Portfolio Manager of the Adviser (since 2017). Prior Experience includes: Senior Analyst and Portfolio Manager at IronBridge (2011 to 2017); Senior Analyst at IronBridge (2004 to 2011); Software Engineer at Divine, Inc (2000 to 2002); Software Engineer at Motorola, Inc (1997-2000). Mr. Fanter received a BS in Industrial Engineering from Northwestern University and an MBA from the Kellogg School of Management at Northwestern University. |
Dan GoldFarb
Financial Services Fund
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Responsible for the day-to-day management of the Financial Services Fund's investment portfolio since May 2022. | Portfolio Manager of Mendon (since September 2020). Prior experience includes: Self-employed from 2019 to 2020; Portfolio Manager at AlphaOne Micro Cap Fund (2017 to 2019). Mr. GoldFarb received a BA from Hobart College and an MBA from the Owen Graduate School of Management, Vanderbilt University. |
Charles Henness, Jr., CFA
International Fund
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Responsible for the day-to-day management of the International Fund's investment portfolio since May 2024. | Partner and Portfolio Manager of the Adviser (since May 2024). Prior experience includes: Senior Analyst of the Adviser from 2017 to 2024; Senior Analyst and Portfolio Manager at IronBridge (2011 to 2017); Analyst at IronBridge (2002 to 2011). |
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IIhwa Lee, CFA
Japan Fund
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Responsible for the day-to-day management of the Japan Fund's investment portfolio since May 2022. |
Senior Vice President (formerly, VicePresident) and Portfolio Manager of the Adviser (since 2017). Prior experience includes: Crystal Rock Capital Management, Equity Research Analyst (2016-2017); Cambridge Associates Asia Pte Ltd, Investment Director (2012-2015); Artisan Partners, Equity Research Intern (2011); and Mirae Asset Securities, Quant Analyst (2007-2010). Mr. Lee received a BA in Economics and Psychology from Seoul National University and an MBA from the University of Chicago Booth School of Business.
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John O'Connor, CFA
RMB Fund
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Responsible for the day-to-day management of the RMB Fund's investment portfolio since August 2024. | Partner, Director of Research, and Portfolio Manager of the Adviser (since 2017). Prior Experience includes: Senior Analyst and Portfolio Manager at IronBridge (2011 to 2017); Analyst at IronBridge (2006 to 2011); Vice President - Equities at Credit Suisse Group (2000 to 2006), Analyst at EVEREN securities (1998-2000); Analyst at The Windsor Group, Ltd. (1996-1998). Mr. O'Connor received a BS in Finance from Butler University and an MBA from the Kellogg School of Management at Northwestern University He is a CFA Charterholder. |
Jim Plumb
International Fund
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Responsible for the day-to-day management of the International Fund's investment portfolio since May 2022. | Partner, Deputy Director of Equities, and Portfolio Manager of the Adviser (since June 2017). Prior experience includes: IronBridge (Senior Equity Analyst) (2005 to 2017). |
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Anton Schutz
Financial Services Fund
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Responsible for the day-to-day management of the Financial Services Fund's investment portfolio since inception in 1999. Mr. Schutz is Mendon's Lead Portfolio Manager for the Financial Services Fund and has final decision-making authority with respect to the Fund's other portfolio managers. | President and Portfolio Manager of Mendon (since 1996). |
Anton Schutz, Jr.
Financial Services Fund
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Responsible for the day-to-day management of the Financial Services Fund's investment portfolio since May 2024. | Portfolio Manager of Mendon (since 2024), Senior Analyst at Mendon (2022-2024), and Associate of Mendon (2018-2021). Prior experience includes: Investment Banking Analyst at Stephens Inc. (2016 to 2018). Anton Schultz, Jr. received a BA from Furman University and an MBA from New York University Leonard N. Stern School of Business. |
Please retain this supplement with your Prospectus for future reference. |
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Supplement Dated August 22, 2024 to the Statement of Additional Information ("SAI") dated May 1, 2024, as previously supplemented
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Number of Other Accounts Managed and Total Assets by Account Type | Number of Other Accounts and Total Assets for Which Advisory Fee is Performance Based | |||||
Name of Portfolio Manager | Registered Investment Companies | Other Pooled Investment Vehicles | Other Accounts | Registered Investment Companies | Other Pooled Investment Vehicles | Other Accounts |
RMB Fund | ||||||
Tom Fanter | None | None | 123 accounts with $57,343,121 in assets. | None | None | None |
John O'Connor | None | None | 522 accounts with $305,205,240 in assets. | None | None | None |
Financial Services Fund | ||||||
Anton Schutz | None | 1 account with $12,185,137 in assets. | 1 account with $9.729,022 in assets. | None | None | None |
Anton Schutz, Jr. | None | 1 account with $12,621,104 in assets. | 1 account with $9,729,022 in assets. | |||
Dan GoldFarb | None | 1 account with $12,185,137 in assets. | 1 account with $9,729,022 in assets. | None | None | None |
International Fund | ||||||
Jim Plumb | None | None | 128 accounts with $142,768,936 in assets. | None | None | None |
Charles Henness, Jr. | None | None | None | None | None | None |
Japan Fund | ||||||
IIhwa Lee | None | 1 account with $23,801,475 in assets. | None | None | None | None |
Small Cap Fund and SMID Cap Fund | ||||||
Christopher C. Faber | None | None | 805 accounts with $427.910,134 in assets. | None | None | None |
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Dollar Range of Fund Shares Beneficially Owned | |
RMB Fund | |
Tom Fanter | None |
John O'Connor | None |
Financial Services Fund | |
Anton Schutz | $100,001 - $500,000 |
Anton Schutz, Jr. | $1-$10,000 |
Dan GoldFarb | None |
International Fund | |
Jim Plumb | $50,001 - $100,000 |
Charles Henness, Jr. | $50,001 - $100,000 |
Japan Fund | |
IIhwa Lee | None |
Small Cap Fund | |
Christopher C. Faber | Over $1,000,000 |
SMID Cap Fund | |
Christopher C. Faber | Over $1,000,000 |
Please retain this supplement with your SAI for future reference. |
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