- ISIN
- US74925K8210
- Issuer
- RBB Fund
- Inception Date
- Dec 30, 2007
- Category
- Foreign Small & Mid Cap Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
FMNEX Performance Chart
RBB Free Market International Equity Fund (FMNEX) is up 12.9% since the beginning of the year. FMNEX is currently trading at $18 per share. Investors who bought $1,000 worth of FMNEX shares 5 years ago would now be looking at an investment worth $1,728.
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Returns By Period
RBB Free Market International Equity Fund (FMNEX) has returned 12.93% so far this year and 30.75% over the past 12 months. Over the last ten years, FMNEX has returned 9.84% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
RBB Free Market International Equity Fund
- 1D
- 2.63%
- 1M
- 2.33%
- 6M
- 6.11%
- YTD
- 12.93%
- 1Y
- 30.75%
- 3Y*
- 18.97%
- 5Y*
- 11.56%
- 10Y*
- 9.84%
- ALL TIME*
- 5.78%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
FMNEX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2008, FMNEX's average daily return is +0.03%, while the average monthly return is +0.62%. At this rate, an investment would double in approximately 9.3 years.
Historically, 57% of months were positive and 43% were negative. The best month was Apr 2009 with a return of +16.8%, while the worst month was Oct 2008 at -23.6%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FMNEX closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +11.0%, while the worst single day was Sep 29, 2008 at -8.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.44% | 6.23% | -8.42% | 6.03% | 2.75% | -2.68% | 2.87% | 12.93% | |||||
| 2025 | 3.42% | 2.63% | 2.23% | 3.16% | 5.73% | 4.23% | -0.07% | 5.56% | 3.17% | 0.26% | 2.61% | 3.41% | 42.81% |
| 2024 | -1.88% | 2.19% | 4.56% | -1.28% | 5.03% | -2.81% | 3.99% | 1.47% | 1.93% | -4.74% | 0.08% | -5.71% | 2.15% |
| 2023 | 8.23% | -2.44% | 0.29% | 2.40% | -4.78% | 4.82% | 4.98% | -3.31% | -2.31% | -3.88% | 7.09% | 5.13% | 16.13% |
| 2022 | -0.44% | -1.50% | -0.18% | -5.48% | 2.37% | -10.11% | 3.61% | -3.78% | -10.04% | 5.06% | 12.27% | -0.68% | -10.54% |
| 2021 | -0.79% | 5.61% | 3.51% | 2.84% | 4.01% | -2.05% | -0.17% | 1.58% | -2.24% | 2.56% | -5.76% | 5.20% | 14.50% |
Benchmark Metrics
RBB Free Market International Equity Fund has an annualized alpha of -0.63%, beta of 0.75, and R2 of 0.61 versus S&P 500 Index. Calculated based on daily prices since January 02, 2008.
- This fund participated in 104.04% of S&P 500 Index downside but only 89.75% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -0.63%
- Beta
- 0.75
- R²
- 0.61
- Upside Capture
- 89.75%
- Downside Capture
- 104.04%
Expense Ratio
FMNEX has an expense ratio of 0.56%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FMNEX ranks 80 for risk / return — above 80% of mutual funds peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for RBB Free Market International Equity Fund (FMNEX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FMNEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.25 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 2.00 | +0.64 |
| Martin ratioReturn relative to average drawdown | 9.81 | 8.49 | +1.32 |
Dividends
Dividend History
RBB Free Market International Equity Fund provided a 4.15% dividend yield over the last twelve months, with an annual payout of $0.73 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.73 | $0.73 | $0.00 | $0.28 | $0.34 | $0.15 | $0.30 | $0.26 | $0.36 | $0.38 | $0.29 | $0.32 |
Dividend yield | 4.15% | 4.69% | 0.00% | 2.49% | 3.46% | 1.31% | 3.03% | 2.56% | 4.12% | 3.30% | 3.17% | 3.60% |
Monthly Dividends
The table displays the monthly dividend distributions for RBB Free Market International Equity 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.73 | $0.73 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.28 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.34 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.15 |
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 International Equity 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 International Equity Fund was 59.76%, occurring on Mar 9, 2009. Recovery took 1135 trading sessions.
The current RBB Free Market International Equity Fund drawdown is 0.11%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-59.76%Mar 2009 | 9mo 24d | 4y 6mo | 5y 3moMay 2008 - Sep 2013 | Financial crisis2007–2009 |
-47.35%Mar 2020 | 2y 1mo | 11mo 29d | 3y 1moJan 2018 - Mar 2021 | COVID crash2020 |
-26.71%Feb 2016 | 1y 7mo | 1y 2mo | 2y 9moJul 2014 - Apr 2017 | — |
-26.61%Oct 2022 | 9mo 2d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 | Bear market2022 |
-13.46%Apr 2025 | 18d | 25d | 1mo 13dMar 2025 - May 2025 | 2025 selloff2025 |
Drawdown Indicators
| FMNEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.76% | -56.78% | -2.98% |
Max Drawdown (1Y)Largest decline over 1 year | -11.38% | -9.10% | -2.28% |
Max Drawdown (3Y)Largest decline over 3 years | -13.46% | -18.90% | +5.44% |
Max Drawdown (5Y)Largest decline over 5 years | -26.61% | -25.43% | -1.18% |
Max Drawdown (10Y)Largest decline over 10 years | -47.35% | -33.92% | -13.43% |
Current DrawdownCurrent decline from peak | -0.11% | -1.58% | +1.47% |
Average DrawdownAverage peak-to-trough decline | -12.11% | -10.70% | -1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 2.14% | +0.93% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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