Abbey Capital Futures Strategy Fund
RBB Fund, Inc. · 3 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Abbey Capital Futures Strategy Fund is an actively managed U.S. bond fund.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- Mixed credit
- Features
- Non-diversified
Fund profile
As filed in the prospectus · 2026 Q1
The investment objective of the Abbey Capital Futures Strategy Fund (the Fund) is to seek long-term capital appreciation.
The fund allocates assets between a managed futures strategy and a fixed income strategy, with managed futures exposure achieved through investments in futures, options, forwards, swaps and spot contracts across commodities, financial indices, foreign currencies and equity indices, managed by multiple trading advisers employing trend-following, discretionary macroeconomic, and systematic technical approaches. The fixed income portion invests primarily in investment-grade securities of all durations to generate diversification. The fund is non-diversified, meaning it may invest in fewer securities at any one time than a diversified fund. Commodity exposure is held through wholly-owned offshore subsidiaries to comply with regulated investment company tax rules.
| Share class | Gross | Net |
|---|---|---|
| ABYAX | 2.10% | 2.04% |
| ABYCX | 2.85% | 2.79% |
| ABYIX | 1.85% | 1.79% |
| C000183090 | 2.10% | 2.04% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 0.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 77.92% |
| Cash & short-term | 5.69% |
| Derivatives | 1.15% |
These positions come to 84.75% of net assets. Not everything a fund owns is reported as a holding — uninvested cash is collected at fund level instead — so the total is not expected to reach 100%.
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Largest new: TREASURY BILL ×8
Largest exited: TREASURY BILL ×8
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +12.95% | +7.51% | +18.98% | 5.51% | -13.05% | |
| +12.12% | +5.13% | +14.71% | 5.58% | -13.82% | |
| +13.13% | +8.36% | +20.57% | 5.60% | -12.72% |
These classes hold the same portfolio, so the 5.86pp spread over 5 years is the cost difference between them — roughly 1.17pp a year — not a difference in what they own.
May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 100.0% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
This fund carries a net credit hedge: it would gain roughly 4.0% if credit spreads widened 100bp, where a comparable bond fund would lose.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | -3.69 | -2.51 | -1.02 | -$634.2k | -$258.6k |
| 1 yr | -0.51 | -0.19 | -0.30 | -$47.7k | -$77.0k |
| 5 yr | -0.06 | -0.00 | -0.06 | -$258 | -$14.5k |
| 10 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 30 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's -4.26 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | TREASURY BILL0.00% · due 2026-10-15 | 9.38% | $237.11M | — |
| — | TREASURY BILL0.00% · due 2026-08-27 | 8.35% | $211.04M | — |
| — | TREASURY BILL0.00% · due 2026-08-20 | 6.53% | $165.09M | — |
| — | TREASURY BILL0.00% · due 2026-10-08 | 6.36% | $160.87M | — |
| — | U.S. Bank Money Market Deposit Account | 5.69% | $143.89M | — |
| — | TREASURY BILL0.00% · due 2026-10-01 | 5.31% | $134.29M | — |
| — | TREASURY BILL0.00% · due 2026-11-12 | 3.83% | $96.80M | — |
| — | TREASURY BILL0.00% · due 2026-11-19 | 3.79% | $95.71M | — |
| — | TREASURY BILL0.00% · due 2026-09-24 | 3.67% | $92.78M | — |
| — | TREASURY BILL0.00% · due 2026-10-29 | 3.66% | $92.48M | — |
Top 10 positions are 56.55% of net assets, top 25 83.82%, across 3 issuers.
See more of this fund's book
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