EX-99.B(N)(1) 28 a13-25324_1ex99dbn1.htm EX-99.B(N)(1)

Exhibit 99.B(n)(1)

 

AMENDED RULE 18f-3 PLAN

 

1.                                      A portfolio of the RBB Fund, Inc. (“Portfolio”) may issue more than one class of voting stock (“Class”), provided that:

 

(a)                                 Each such Class:

 

(1)                                 (i)  Shall have a different arrangement for shareholder services or the distribution of securities or both, and shall pay all of the expenses of that arrangement; and

 

(ii) May pay a different share of other expenses, not including advisory or custodial fees or other expenses related to the management of the Portfolio’s assets, if those expenses are actually incurred in a different amount by that Class, or if the Class receives services of a different kind or to a different degree than other Classes;

 

(2)                                 Shall have exclusive voting rights on any matter submitted to shareholders that relates solely to its arrangement;

 

(3)                                 Shall have separate voting rights on any matter submitted to shareholders in which the interests of one Class differ from the interests of any other Class; and

 

(4)                                 Shall have in all other respects the same rights and obligations as each other class.

 

(b)                                 Expenses may be waived or reimbursed by the Portfolio’s adviser, underwriter, or any other provider of services to the Portfolio.

 

(c)                                  (1)                                 Any payments made under paragraph (a)(1)(i) of this Amended Rule 18f-3 Plan (the “Plan”) shall conform to Appendix A to this Plan, as such Appendix A shall be amended from time to time by the Board.

 

(2)                                 Before any vote on the Plan or Appendix A, the Directors shall be provided, and any agreement relating to a Class arrangement shall require the parties thereto to furnish, such information as may be reasonably necessary to evaluate the Plan.

 

(3)                                 The provisions of the Plan in Appendix A are severable for each Class, and whenever any action is to be taken with respect to the Plan in Appendix A, that action will be taken separately for each Class.

 

(d)                                 A Portfolio may offer a Class with an exchange privilege providing that securities of the Class may be exchanged for certain securities of another Portfolio or another Class of the same Portfolio.  Such exchange privileges are summarized in Appendix B, as may be modified by the Board from time to time, and are set forth in greater detail in the prospectuses of each of the Classes.

 


 

Appendix A

 

RBB FUND

Current Distribution Fee Levels

As of November, 2013

 

Adviser / Series

 

Class

 

Class
Designation

 

12b-1 Plan

 

Non 12b-1

 

 

 

 

 

 

 

 

 

 

 

BlackRock Advisors, LLC

 

 

 

 

 

 

 

 

 

Money Market Portfolio

 

Sansom Street Class

 

I

 

No

 

0.10%

 

 

 

Bedford Class

 

L

 

0.65%

 

No

 

 

 

 

 

 

 

 

 

 

 

Bogle Investment Management L.P.

 

 

 

 

 

 

 

 

 

Small Cap Growth Fund

 

Investor Class
Institutional Class

 

OOO
NNN

 

No
No

 

0.10%
No

 

 

 

 

 

 

 

 

 

 

 

Robeco Investment Management

 

 

 

 

 

 

 

 

 

Robeco Boston Partners Long/Short Equity Fund

 

Investor Class
Institutional Class

 

JJJ
III

 

0.25%
No

 

No
No

 

Robeco Boston Partners Small Cap Value Fund II

 

Investor Class
Institutional Class

 

EEE
DDD

 

0.25%
No

 

No
No

 

Robeco Boston Partners All-Cap Value Fund

 

Investor Class
Institutional Class

 

WW
VV

 

0.25%
No

 

No
No

 

Robeco Robeco WPG Small/Micro Cap Value Fund

 

Institutional Class

 

UUU

 

No

 

0.25%

 

Robeco Boston Partners Long/Short Research Fund

 

Investor Class
Institutional Class

 

AAAAA
BBBBB

 

0.25%
No

 

No
No

 

Robeco Boston Partners Global Equity Fund

 

Investor Class
Institutional Class

 

CCCCC
DDDDD

 

0.25%
No

 

No
No

 

Robeco Boston Partners International Equity Fund

 

Investor Class
Institutional Class

 

EEEEE
FFFFF

 

0.25%
No

 

No
No

 

Robeco Boston Partners Global Long/Short Fund

 

Investor Class
Institutional Class

 

JJJJJ
KKKKK

 

0.25%
No

 

No
No

 

 

 

 

 

 

 

 

 

 

 

Schneider Capital Management

 

 

 

 

 

 

 

 

 

Schneider Small Cap Value Fund

 

1 Class

 

YY

 

No

 

No

 

Schneider Value Fund

 

1 Class

 

PPP

 

No

 

No

 

 

 

 

 

 

 

 

 

 

 

Matson Money, Inc.

 

 

 

 

 

 

 

 

 

Free Market U.S. Equity Fund

 

1 Class

 

BBBB

 

No

 

No

 

Free Market International Equity Fund

 

1 Class

 

CCCC

 

No

 

No

 

Free Market Fixed Income Fund

 

1 Class

 

DDDD

 

No

 

No

 

 

 

 

 

 

 

 

 

 

 

Perimeter Capital Management, LLC

 

 

 

 

 

 

 

 

 

Perimeter Small Cap Growth Fund

 

Investor Class
I Shares Class

 

WWWW
XXXX

 

0.25%
No

 

No
No

 

 

 

 

 

 

 

 

 

 

 

Simple Alternatives LLC

 

 

 

 

 

 

 

 

 

S1 Fund

 

I Shares
R Shares

 

YYYY
ZZZZ

 

No
No

 

No
No

 

 

 

 

 

 

 

 

 

 

 

Summit Global Investments LLC

 

Class A

 

GGGGG

 

0.25%

 

No

 

 

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Adviser / Series

 

Class

 

Class
Designation

 

12b-1 Plan

 

Non 12b-1

Summit Global Investments U.S. Low

 

Class I

 

HHHHH

 

No

 

No

Volatility Equity Fund

 

Retail

 

IIIII

 

0.25%

 

No

 

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APPENDIX B

 

EXCHANGE PRIVILEGES OF THE PORTFOLIOS

OF THE RBB FUND, INC.

 

FAMILY

 

Each Portfolio (Class) . . .

 

May Be Exchanged For Any of

Robeco Investment Funds

(Institutional Classes)

 

Robeco Boston Partners All-Cap Value (VV)
Robeco Boston Partners Small Cap Value II (DDD)
Robeco Boston Partners Long/Short Equity (III)
Robeco WPG Small/Micro Cap Value Fund (UUU)
Robeco Boston Partners Long/Short Research Fund (BBBBB)
Robeco Boston Partners Global Equity Fund (DDDDD)
Robeco Boston Partners International Equity Fund (FFFFF)
Robeco Boston Partners Global Long/Short Fund (KKKKK)

 

Robeco Boston Partners All-Cap Value (VV)
Robeco Boston Partners Small Cap Value II (DDD)
Robeco Boston Partners Long/Short Equity (III)
Robeco WPG Small/Micro Cap Value Fund (UUU)
Robeco Boston Partners Long/Short Research Fund (BBBBB)
Robeco Boston Partners Global Equity Fund (DDDDD)
Robeco Boston Partners International Equity Fund (FFFFF)
Robeco Boston Partners Global Long/Short Fund (KKKKK)

Robeco Investment Funds

(Investor Classes)

 

Robeco Boston Partners All-Cap Value (WW)
Robeco Boston Partners Small Cap Value II (EEE)
Robeco Boston Partners Long/Short Equity Fund (JJJ)
Robeco Boston Partners Long/Short Research Fund (AAAAA)
Robeco Boston Partners Global Equity Fund (CCCCC)
Robeco Boston Partners International Equity Fund (EEEEE)
Robeco Boston Partners Global Long/Short Fund (JJJJJ)

 

Robeco Boston Partners All-Cap Value (WW)
Robeco Boston Partners Small Cap Value II (EEE)
Robeco Boston Partners Long/Short Equity Fund (JJJ)
Robeco Boston Partners Long/Short Research Fund (AAAAA)
Robeco Boston Partners Global Equity Fund (CCCCC)
Robeco Boston Partners International Equity Fund (EEEEE)
Robeco Boston Partners Global Long/Short Fund (JJJJJ)

Matson Money Free Market Funds

(I Class)

 

Free Market U.S. Equity Fund (BBBB)
Free Market International Equity Fund (CCCC)
Free Market Fixed Income Fund (DDDD)

 

Free Market U.S. Equity Fund (BBBB)
Free Market International Equity Fund (CCCC)
Free Market Fixed Income Fund (DDDD)

Perimeter Small Cap Growth Fund (Investor and I Shares Classes)

 

Perimeter Small Cap Growth Fund — Investor Class (WWWW)
(provided the accumulated net asset value exceeds the minimum initial investment amount for Perimeter Small Cap Growth Fund — I Shares (XXXX))

 

Perimeter Small Cap Growth Fund — I Shares Class (XXXX)

Bogle Investment Management Small Cap Growth Fund

 

Bogle Investment Management Small Cap Growth Fund — Investor Class (OOO)
(provided the accumulated net asset value exceeds the minimum initial investment amount for Bogle Investment Management Small Cap Growth Fund — Institutional

 

Bogle Investment Management Small Cap Growth Fund — Institutional Class (NNN)

 

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FAMILY

 

Each Portfolio (Class) . . .

 

May Be Exchanged For Any of

 

 

Class (NNN))

 

 

 

*During periods when these Portfolios are closed they are not eligible for exchange with the exception of an exchange from one class of shares into another class of shares within the same Portfolio.

 

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