RBB Free Market Fixed Income Fund (FMFIX)
The fund normally invests 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") that have either adopted policies to invest at least 80% of their assets in fixed income securities that the Adviser believes offer the prospect of providing total return, or invest substantially all of their assets in such fixed income securities. It reserves the right to hold up to 100% of its assets as a temporary defensive measure in cash and money market instruments.
Fund Info
ISIN | US74925K8137 |
---|---|
Issuer | RBB Funds |
Inception Date | Dec 31, 2007 |
Category | Short-Term Bond |
Min. Investment | $0 |
Asset Class | Bond |
Expense Ratio
FMFIX has a high expense ratio of 0.68%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in RBB Free Market Fixed Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
RBB Free Market Fixed Income Fund had a return of 0.88% year-to-date (YTD) and 4.08% in the last 12 months. Over the past 10 years, RBB Free Market Fixed Income Fund had an annualized return of 0.94%, while the S&P 500 had an annualized return of 10.97%, indicating that RBB Free Market Fixed Income Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 0.88% | 11.29% |
1 month | 0.91% | 4.87% |
6 months | 3.34% | 17.88% |
1 year | 4.08% | 29.16% |
5 years (annualized) | 0.78% | 13.20% |
10 years (annualized) | 0.94% | 10.97% |
Monthly Returns
The table below presents the monthly returns of FMFIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 0.20% | -0.20% | 0.57% | -0.51% | 0.88% | ||||||||
2023 | 1.35% | -0.92% | 1.45% | 0.41% | -0.20% | -0.09% | 0.31% | 0.20% | -0.52% | -0.10% | 1.85% | 1.61% | 5.43% |
2022 | -1.06% | -0.58% | -1.75% | -1.39% | 0.30% | -1.14% | 1.42% | -1.60% | -2.04% | 0.10% | 1.46% | -0.36% | -6.52% |
2021 | -0.19% | -0.57% | -0.29% | 0.19% | 0.19% | 0.09% | 0.48% | -0.09% | -0.52% | -0.29% | 0.10% | -0.16% | -1.06% |
2020 | 0.87% | 0.57% | -1.56% | 1.45% | 0.57% | 0.38% | 0.57% | -0.09% | -0.05% | 0.00% | 0.38% | 0.17% | 3.28% |
2019 | 0.80% | 0.20% | 0.99% | 0.20% | 0.68% | 0.65% | 0.19% | 0.77% | -0.11% | 0.19% | -0.00% | 0.14% | 4.78% |
2018 | -0.59% | -0.20% | 0.20% | -0.10% | 0.30% | 0.02% | 0.10% | 0.39% | -0.23% | -0.10% | 0.20% | 0.67% | 0.65% |
2017 | 0.20% | 0.19% | 0.10% | 0.29% | 0.29% | -0.23% | 0.39% | 0.29% | -0.27% | -0.00% | -0.19% | -0.01% | 1.05% |
2016 | 0.88% | 0.29% | 0.49% | 0.10% | -0.10% | 0.87% | 0.19% | -0.29% | 0.03% | -0.19% | -1.06% | 0.09% | 1.30% |
2015 | 1.08% | -0.48% | 0.19% | 0.00% | -0.10% | -0.29% | 0.20% | -0.20% | 0.49% | -0.19% | -0.19% | -0.45% | 0.04% |
2014 | 0.59% | 0.10% | -0.24% | 0.29% | 0.39% | -0.10% | -0.19% | 0.29% | -0.31% | 0.29% | 0.39% | -0.38% | 1.11% |
2013 | -0.29% | 0.29% | 0.00% | 0.29% | -0.77% | -0.97% | 0.29% | -0.49% | 0.55% | 0.19% | -0.00% | -0.53% | -1.43% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FMFIX is 62, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
FMFIX (RBB Free Market Fixed Income Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for RBB Free Market Fixed Income Fund (FMFIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
RBB Free Market Fixed Income Fund granted a 2.90% dividend yield in the last twelve months. The annual payout for that period amounted to $0.29 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.29 | $0.27 | $0.13 | $0.04 | $0.13 | $0.15 | $0.25 | $0.13 | $0.08 | $0.02 | $0.10 | $0.06 |
Dividend yield | 2.90% | 2.75% | 1.35% | 0.37% | 1.22% | 1.44% | 2.45% | 1.25% | 0.81% | 0.24% | 1.01% | 0.60% |
Monthly Dividends
The table displays the monthly dividend distributions for RBB Free Market Fixed Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | |||||||
2023 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.22 | $0.27 |
2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.10 | $0.13 |
2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.04 |
2020 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.07 | $0.13 |
2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.09 | $0.15 |
2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.21 | $0.25 |
2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.08 | $0.13 |
2016 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.05 | $0.08 |
2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 |
2014 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.09 | $0.10 |
2013 | $0.01 | $0.00 | $0.00 | $0.06 | $0.06 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the RBB Free Market Fixed Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the RBB Free Market Fixed Income Fund was 9.35%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current RBB Free Market Fixed Income Fund drawdown is 1.72%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-9.35% | Jan 5, 2021 | 453 | Oct 20, 2022 | — | — | — |
-5.58% | Mar 10, 2020 | 8 | Mar 19, 2020 | 57 | Jun 10, 2020 | 65 |
-2.49% | May 8, 2013 | 84 | Sep 5, 2013 | 343 | Jan 15, 2015 | 427 |
-2.2% | Nov 5, 2010 | 67 | Feb 10, 2011 | 76 | Jun 1, 2011 | 143 |
-1.98% | Aug 1, 2016 | 97 | Dec 15, 2016 | 170 | Aug 21, 2017 | 267 |
Volatility
Volatility Chart
The current RBB Free Market Fixed Income Fund volatility is 0.46%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.