Free Market International Equity Fund

RBB Fund, Inc. · 1 share class

Actively managed U.S. equity fund
One fund, 1 share class:FMNEX
$4.44B 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 International Equity Fund is an actively managed U.S. equity fund.

Asset class
Equity
Region
United States
Management
Actively managed
Fund type
Open-end fund
Features
Fund of funds

Fund profile

As filed in the prospectus · 2026 Q1

The Free Market International Equity Fund (for this section only, the Fund) seeks long-term capital appreciation.

Strategy · summarised

The fund is a fund of funds that invests at least 80% of its assets in shares of other registered investment companies and ETFs focused on foreign equity markets, diversifying across international small-cap value, large-cap value, small-cap, large-cap, and emerging markets strategies. Because the fund's returns depend on the performance and expenses of the underlying investment companies it selects, duplication of advisory fees occurs in addition to the fund's own expenses. The adviser may periodically add, remove, or reweight underlying holdings without notice to shareholders.

Expenses
0.85%one share class
Share classExpense ratioAs of
FMNEX0.85%2025 Q1

Portfolio turnover 5.00% · as of 2026 Q1

Allocation

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

104.40%
of net assets
Stocks100.56%
Cash & short-term3.48%
Other0.31%
Derivatives0.06%

Look-through blends 7 underlying funds; 0.0% of NAV was not looked through and stays direct-classified.

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
+40.10%
3-year
+77.88%
5-year
+77.26%
Volatility
14.57%
Worst 3-yr fall
-9.21%
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 International Small Cap Va39.79%$1.77B
DFA International Value Portfo17.48%$776.01M
INTERNATIONAL VALUE SERIES11.96%$531.20M
Dimensional International Smal9.90%$439.71M
iShares Core MSCI Emerging Mar5.70%$253.06M
DFA Emerging Markets Value Por5.25%$232.88M
iShares Core MSCI EAFE ETF4.95%$219.78M
DFA Emerging Markets Small Cap4.90%$217.57M
Mount Vernon Liquid Assets Portfolio, LLC0.32%$14.06M
Invesco Government & Agency Po0.12%$5.24M
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 100.37% of net assets, top 25 100.37%, 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.

Sign in free