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
US74925K8137
Dec 31, 2007
$0
Expense Ratio
FMFIX has an expense ratio of 0.68%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
RBB Free Market Fixed Income Fund (FMFIX) returned 2.25% year-to-date (YTD) and 5.75% over the past 12 months. Over the past 10 years, FMFIX returned 1.42% annually, underperforming the S&P 500 benchmark at 10.84%.
FMFIX
2.25%
-0.10%
2.18%
5.75%
2.95%
0.98%
1.42%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.51% | 0.81% | 0.42% | 0.60% | -0.10% | 2.25% | |||||||
| 2024 | 0.20% | -0.20% | 0.57% | -0.51% | 0.71% | 0.54% | 1.21% | 0.80% | 0.80% | -0.59% | 0.59% | -0.26% | 3.91% |
| 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 | -1.05% | -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% | 0.10% | 0.47% | -0.09% | -0.52% | -0.29% | 0.09% | -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% | 0.19% | 0.68% | 0.65% | 0.19% | 0.77% | -0.11% | 0.19% | 0.00% | 0.14% | 4.79% |
| 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% | 0.20% | 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% | -0.19% | 0.49% | -0.19% | -0.19% | -0.29% | 0.20% |
| 2014 | 0.59% | 0.10% | -0.24% | 0.29% | 0.39% | -0.09% | -0.19% | 0.29% | -0.32% | 0.29% | 0.39% | -0.38% | 1.11% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 95, FMFIX is among the top 5% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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.
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Dividends
Dividend History
RBB Free Market Fixed Income Fund provided a 3.68% dividend yield over the last twelve months, with an annual payout of $0.37 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.37 | $0.39 | $0.27 | $0.13 | $0.04 | $0.13 | $0.15 | $0.25 | $0.13 | $0.08 | $0.04 | $0.10 |
Dividend yield | 3.68% | 3.90% | 2.75% | 1.35% | 0.37% | 1.23% | 1.44% | 2.46% | 1.25% | 0.81% | 0.39% | 1.01% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | |||||||
| 2024 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.30 | $0.39 |
| 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 | $0.11 | $0.13 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $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 | $0.02 | $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 | $0.04 | $0.04 |
| 2014 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.09 | $0.10 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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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. Recovery took 446 trading sessions.
The current RBB Free Market Fixed Income Fund drawdown is 0.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -9.35% | Jan 5, 2021 | 453 | Oct 20, 2022 | 446 | Aug 1, 2024 | 899 |
| -5.58% | Mar 10, 2020 | 8 | Mar 19, 2020 | 57 | Jun 10, 2020 | 65 |
| -2.49% | Apr 29, 2013 | 91 | Sep 5, 2013 | 343 | Jan 15, 2015 | 434 |
| -2.2% | Nov 5, 2010 | 65 | Feb 8, 2011 | 78 | Jun 1, 2011 | 143 |
| -1.98% | Aug 1, 2016 | 97 | Dec 15, 2016 | 170 | Aug 21, 2017 | 267 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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