RBB Free Market Fixed Income Fund (FMFIX)

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RBB Free Market Fixed Income Fund (FMFIX) is up 1.1% since the beginning of the year. FMFIX is currently trading at $10 per share. Investors who bought $1,000 worth of FMFIX shares 5 years ago would now be looking at an investment worth $1,048.

RBB Free Market Fixed Income Fund (FMFIX) has returned 1.10% so far this year and 3.49% over the past 12 months. Over the last ten years, FMFIX has returned 1.27% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Dec 31, 2007, FMFIX's average daily return is +0.01%, while the average monthly return is +0.11%. At this rate, an investment would double in approximately 52.5 years.

Historically, 62% of months were positive and 38% were negative. The best month was Nov 2023 with a return of +1.9%, while the worst month was Dec 2024 at -3.2%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 5 months.

On a daily basis, FMFIX closed higher 33% of trading days. The best single day was Mar 23, 2020 with a return of +1.1%, while the worst single day was Dec 27, 2024 at -3.1%.

RBB Free Market Fixed Income Fund has an annualized alpha of 1.51%, beta of -0.01, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since December 31, 2007.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (5.31%) than losses (2.31%) - typical of diversified or defensive assets.
• Beta of -0.01 may look defensive, but with R2 of 0.01 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FMFIX has an expense ratio of 0.68%, placing it in the medium range.

FMFIX ranks 72 for risk / return — better than 72% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

RBB Free Market Fixed Income Fund provided a 3.64% dividend yield over the last twelve months, with an annual payout of $0.37 per share.

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.

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.

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 chart below shows the rolling one-month volatility.