Free Market Fixed Income Fund

RBB Fund, Inc. · 1 share class

U.S. equity index fund
One fund, 1 share class:FMFIX
$3.33B NAV
10 positions · as of 2026-05-31 · filed 2026-07-28

Fund classification

Classified from what the fund holds · as of 2026 Q2

Free Market Fixed Income Fund is a U.S. equity index fund that tracks the ICE BofAML 1-5 Year US Corporate Index.

Asset class
Equity
Region
United States
Management
Index (passive)
Fund type
Open-end fund
Features
Fund of funds

Fund profile

As filed in the prospectus · 2026 Q1

The Free Market Fixed Income Fund (for this section only, the Fund) seeks total return (consisting of current income and capital appreciation).

Strategy · summarised

The fund invests at least 80% of its assets in shares of other investment companies and ETFs that hold fixed income securities, including U.S. Treasuries, government obligations, corporate bonds, bank debt, and inflation-protected securities across maturity ranges from one year to five years. The fund's returns depend on the performance of its underlying investment company holdings, which track specified indices or pursue active strategies within their respective asset classes. The fund may concentrate investments in banking sector obligations when yields on bank securities exceed yields on other eligible investments for five consecutive trading days.

Expenses
0.64%one share class
Share classExpense ratioAs of
FMFIX0.64%2025 Q1

Portfolio turnover 15.00% · as of 2026 Q1

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

105.31%
of net assets
Bonds82.71%
Cash & short-term19.02%
Stocks4.00%
Securitized0.00%
Derivatives-0.42%

Look-through blends 7 underlying funds; 3.977% of NAV was not looked through and stays direct-classified.

The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 0 new0 exited

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

1-year
+3.51%
3-year
+13.15%
5-year
+8.01%
Volatility
1.29%
Worst 3-yr fall
-0.69%
Cumulative return· Jun 2023 – Apr 2026

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.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
DFA Two-Year Global Fixed Inco24.98%$832.71M
iShares 1-5 Year Investment Gr24.02%$800.87M
iShares Core International Agg15.04%$501.39M
DFA One-Year Fixed Income Port14.45%$481.66M
iShares 5-10 Year Investment G6.01%$200.34M
DFA Intermediate Government Fi6.01%$200.27M
Dimensional Inflation-Protecte5.00%$166.67M
Mount Vernon Liquid Assets Portfolio, LLC4.09%$136.33M
DFA Short-Term Government Port3.98%$132.59M
Invesco Government & Agency Po0.47%$15.58M
Showing 10 of 10

Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.

Top 10 positions are 104.03% of net assets, top 25 104.03%, across 10 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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