Aspiriant Risk-Managed Municipal Bond (RMMBX)
| Fund Assets | 1.30B |
| Expense Ratio | 0.43% |
| Min. Investment | $0.00 |
| Turnover | 23.00% |
| Dividend (ttm) | 0.26 |
| Dividend Yield | 2.80% |
| Dividend Growth | -23.74% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jun 26, 2026 |
| Previous Close | 9.35 |
| YTD Return | 2.61% |
| 1-Year Return | 6.96% |
| 5-Year Return | 3.67% |
| 52-Week Low | 8.98 |
| 52-Week High | 9.45 |
| Beta (5Y) | 0.25 |
| Holdings | 990 |
| Inception Date | Jul 1, 2015 |
About RMMBX
The Aspiriant Risk-Managed Municipal Bond Fund is an actively managed mutual fund focused on generating a total return through income exempt from regular federal income taxes, complemented by opportunities for capital appreciation. Its primary function is to invest at least 80% of its assets in municipal bonds issued by U.S. states, local governments, their agencies, and U.S. territories, with an emphasis on risk management strategies. The fund features a flexible mandate, allowing investments across all types of municipal securities, including general obligation and revenue bonds of varying maturities and credit qualities—ranging from high-yield (below investment grade) to investment-grade instruments. In addition, it may utilize derivatives and pooled investment vehicles for hedging or exposure management. With quarterly dividend distributions and a substantial, diversified portfolio—comprising over 900 holdings—the fund serves investors seeking stable tax-exempt income while aiming to mitigate downside risk in the municipal bond market. Its strategic allocation and active management underpin its role as a tool for diversification and risk-adjusted yield within fixed income portfolios, particularly for those prioritizing federal tax-exempt income and broad municipal sector exposure.
Performance
RMMBX had a total return of 6.96% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.40%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
22.21% of assets| Name | Symbol | Weight |
|---|---|---|
| Mackay Municipal Opportunities Fund LP, Class A | n/a | 8.25% |
| iShares National Muni Bond ETF | MUB | 6.97% |
| BlackRock Liquidity Funds - MuniCash | MCSXX | 2.61% |
| Mackay Municipal Credit Opportunities Fund LP, Class A | n/a | 2.07% |
| JPMorgan Prime Money Market Fund | JINXX | 0.62% |
| City of New York NY - City of New York, Series FISCAL 2024 C | NY.NYC 5.25 03.01.2053 | 0.36% |
| Illinois Finance Authority, Series 2023A | n/a | 0.35% |
| New Jersey Transportation Trust Fund Authority | NJ.NJSTRN 5 06.15.2048 | 0.34% |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue - Puerto Rico Sales Tax Financing Corp. Sales Tax | PR.PRCGEN 5 07.01.2058 | 0.32% |
| County of Miami-Dade FL - County of Miami-Dade, Series 2016 A | FL.MIA 5 07.01.2038 | 0.32% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 26, 2026 | $0.085 | Jun 26, 2026 |
| Mar 27, 2026 | $0.085 | Mar 27, 2026 |
| Dec 23, 2025 | $0.0074 | Dec 23, 2025 |
| Sep 26, 2025 | $0.085 | Sep 26, 2025 |
| Jun 26, 2025 | $0.085 | Jun 26, 2025 |
| Mar 27, 2025 | $0.085 | Mar 27, 2025 |