Riverfront Moderate Growth & Income Fund - Investor Class
RMIAX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- P.O. Box 328 Denver CO United States of America 80201-0328
- IPO Date
- Jan 2, 2019
- CIK
- 0000915802
- Similar Companies
- Business
- RiverFront Moderate Growth & Income Fund - Investor Class (RMIAX) is a mutual fund sub-advised by RiverFront Investment Group LLC that seeks to provide current income with potential for income growth over time through a balanced portfolio emphasizing stocks, ETFs, and fixed-income securities. The fund employs a dynamic, risk-managed approach with approximately 40% exposure to the S&P 500 Index, 10% to international equities via the MSCI EAFE Index, and 50% to U.S. aggregate bonds, targeting a 5-7 year investment horizon; it is available in Investor Class shares with a net expense ratio of around 1.58%, including 12b-1 fees. RiverFront Investment Group, founded in 2008 and headquartered at 1214 East Cary Street in Richmond, Virginia, serves as the sub-advisor, managing approximately $12.7 billion in assets under administration as of June 30, 2025, across global asset allocation strategies for financial advisors and institutional clients primarily in the United States. The fund belongs to the moderate allocation category, blending equity and fixed-income investments to balance growth, income, and risk for investors with moderate risk tolerance. Core offerings from RiverFront include model portfolios such as Conservative Income Builder, Moderate Growth & Income, Dynamic Equity Income, and Global Allocation, alongside sub-advised ETFs and separately managed accounts focused on dividend-paying stocks, fixed income, and total return objectives. Products are distributed through platforms serving over 25,000 accounts and 150 capital partner teams, with operations centered in North America. RiverFront launched sub-advisory services for mutual funds including RMIAX in 2010, coinciding with its relocation to downtown Richmond, and expanded with eight sub-advised ETFs and the RiverShares asset allocation series in 2016. In 2022, RiverFront Investment Holdings Group, along with Baird, acquired a minority ownership stake in GAMMA Investing LLC to support direct indexing strategies, enhancing access to customized separately managed accounts for advisors. The firm continues to grow its assets under management, crossing $9 billion in 2021 and reaching $12.7 billion by mid-2025, while maintaining a team of about 50 associates with a focus on process-driven, transparent investment solutions.