EX-99.28.N.1 13 fp0027625_ex9928n1.htm
 
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 May 17, 2017

Adviser / Series
Class
Class Designation
12b-1 Plan
Non 12b-1
Front-End Sales Charge
Bogle Investment Management L.P.
 
 
 
 
 
Small Cap Growth Fund
Institutional Class
NNN
No
No
No
Boston Partners Global Investors, Inc.
 
 
 
 
 
Boston Partners Long/Short Equity Fund
Investor Class
Institutional Class
JJJ
III
0.25%
No
No
No
No
No
Boston Partners Small Cap Value Fund II
Investor Class
Institutional Class
EEE
DDD
0.25%
No
No
No
No
No
Boston Partners All-Cap Value Fund
Investor Class
Institutional Class
WW
VV
0.25%
No
No
No
No
No
WPG Small/Micro Cap Value Fund
Institutional Class
UUU
No
0.25%
No
Boston Partners Long/Short Research Fund
Investor Class
Institutional Class
AAAAA
BBBBB
0.25%
No
No
No
No
No
Boston Partners Global Equity Fund
Investor Class
Institutional Class
CCCCC
DDDDD
0.25%
No
No
No
No
No
Boston Partners Global Long/Short Fund
Investor Class
Institutional Class
JJJJJ
KKKKK
0.25%
No
No
No
No
No
Boston Partners Emerging Markets Long/Short Fund
Institutional Class
WWWWW
No
No
No
Boston Partners Emerging Markets Fund
Institutional Class
SSSSSS
No
No
No
Schneider Capital Management
 
 
 
 
 
Schneider Small Cap Value Fund
1 Class
YY
No
No
No
Matson Money, Inc.
 
 
 
 
 
Free Market U.S. Equity Fund
1 Class
BBBB
No
No
No
Free Market International Equity Fund
1 Class
CCCC
No
No
No
Free Market Fixed Income Fund
1 Class
DDDD
No
No
No
Matson Money U.S. Equity VI Portfolio
1 Class
LLLLL
No
No
No
Matson Money International Equity Portfolio
1 Class
MMMMM
No
No
No
Matson  Money Fixed Income VI Portfolio
1 Class
NNNNN
No
No
No
Summit Global Investments LLC
 
 
 
 
 
Summit Global Investments U.S. Low Volatility Equity Fund
Class A
Class I
GGGGG
HHHHH
0.25%
No
No
No
5.25%
No
2
Adviser / Series
Class
Class Designation
12b-1 Plan
Non 12b-1
Front-End Sales Charge
 
Retail
IIIII
0.25%
No
No
 
Class C
ZZZZZ
1.00%
No
No
Summit Global Investments Small Cap Low Volatility Equity Fund
Retail
Class I
AAAAAA
BBBBBB
0.25%
No
No
No
No
No
 
Class C
CCCCCC
1.00%
No
No
Summit Global Investments Global Low Volatility Fund
Class I
OOOOO
No
0.10%
No
 
Class II
PPPPP
No
0.25%
No
 
Institutional
QQQQQ
No
No
No
Abbey Capital Limited
 
 
 
 
 
Abbey Capital Futures Strategy Fund
Class A
RRRRR
0.25%
No
5.75%
 
Class C
SSSSS
1.00%
No
No
 
Class I
Class T
TTTTT
NNNNNN
No
0.25%
No
No
No
2.50%
Altair Advisers LLC
 
 
 
 
 
Altair Smaller Companies Fund
1 Class
UUUUU
No
No
No
Campbell & Company Investment Adviser LLC
 
 
 
 
 
Campbell Dynamic Trend Fund
Institutional
VVVVV
No
No
No
Campbell Multi-Asset Carry Fund
Institutional
YYYYY
No
No
No
Campbell Managed Futures 10V Fund
Class UI
OOOOOO
No
No
No
 
Class I
PPPPPP
No
No
No
 
Class N
QQQQQQ
0.25%
No
No
 
Class T
RRRRRR
0.25%
No
2.50%
Motley Fool Asset Management, LLC
 
 
 
 
 
Motley Fool Independence Fund
Investor
EEEEEE
No
No
No
 
Institutional
FFFFFF
No
No
No
Motley Fool Great America Fund
Investor
GGGGGG
No
No
No
 
Institutional
HHHHHH
No
No
No
Motley Fool Emerging Markets Fund
Investor
IIIIII
No
No
No
 
Institutional
JJJJJJ
No
No
No
Orinda Asset Management, LLC
 
 
 
 
 
Orinda Income Opportunities Fund
Class I
KKKKKK
No
No
No
 
Class A
Class D
LLLLLL
MMMMMM
0.25%
1.00%
No
No
5.00%
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
Abbey Capital Futures Strategy Fund
Abbey Capital Futures Strategy Fund (RRRRR)*
Abbey Capital Futures Strategy Fund (SSSSS)*
Abbey Capital Futures Strategy Fund (TTTTT)*
 
* provided the shareholder meets the eligibility requirements for the class shares are being exchanged for or is otherwise eligible to purchase that class of shares
Abbey Capital Futures Strategy Fund (RRRRR)
Abbey Capital Futures Strategy Fund (SSSSS)
Abbey Capital Futures Strategy Fund (TTTTT)
Boston Partners Investment Funds
(Investor Classes)
Boston Partners All-Cap Value (WW)
Boston Partners Small Cap Value II (EEE)
Boston Partners Long/Short Equity Fund (JJJ)
Boston Partners Long/Short Research Fund (AAAAA)
Boston Partners Global Equity Fund (CCCCC)
Boston Partners Global Long/Short Fund (JJJJJ)
Boston Partners All-Cap Value (WW)
Boston Partners Small Cap Value II (EEE)
Boston Partners Long/Short Equity Fund (JJJ)
Boston Partners Long/Short Research Fund (AAAAA)
Boston Partners Global Equity Fund (CCCCC)
Boston Partners Global Long/Short Fund (JJJJJ)
Boston Partners Investment Funds
(Investor Classes)
 
Boston Partners All-Cap Value (WW)*
Boston Partners Small Cap Value II (EEE)*
Boston Partners Long/Short Equity Fund (JJJ)*
Boston Partners Long/Short Research Fund (AAAAA)*
Boston Partners Global Equity Fund (CCCCC)*
Boston Partners Global Long/Short Fund (JJJJJ)*
 
*provided the accumulated net asset value
exceeds the minimum initial investment amount for Institutional Class Shares or the shareholder is otherwise eligible to purchase Institutional Class Shares and the investor is a financial intermediary sponsored fee-based program.
Boston Partners All-Cap Value (VV)
Boston Partners Small Cap Value II (DDD)
Boston Partners Long/Short Equity (III)
WPG Small/Micro Cap Value Fund  (UUU)
Boston Partners Long/Short Research Fund (BBBBB)
Boston Partners Global Equity Fund (DDDDD)
Boston Partners Global Long/Short Fund (KKKKK)
Boston Partners Emerging Markets Long/Short Fund (WWWWW)
Boston Partners Emerging Markets Fund (SSSSSS)
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)
Motley Fool Funds (Investor Classes)
Motley Fool Independence Fund (EEEEEE)
Motley Fool Great America Fund (GGGGGG)
Motley Fool Emerging Markets Fund (IIIIII)
Motley Fool Independence Fund (EEEEEE)
Motley Fool Great America Fund (GGGGGG)
Motley Fool Emerging Markets Fund (IIIIII)
Motley Fool Funds (Institutional Classes)
Motley Fool Independence Fund (FFFFFF)
Motley Fool Great America Fund (HHHHHH)
Motley Fool Emerging Markets Fund (JJJJJJ)
Motley Fool Independence Fund (FFFFFF)
Motley Fool Great America Fund (HHHHHH)
Motley Fool Emerging Markets Fund (JJJJJJ)
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FAMILY
Each Portfolio (Class) . . .
May Be Exchanged For Any of
Orinda Income Opportunities Fund
 
Orinda Income Opportunities Fund (LLLLLL)*
Orinda Income Opportunities Fund (MMMMMM)*
 
* Class A and Class D shares of the Fund that have been purchased by a financial intermediary may be converted into Class I shares of the Fund. The minimum initial investment requirement for Class I shares may be waived by the Adviser for existing clients.
Orinda Income Opportunities Fund (KKKKKK)
Campbell Managed Futures 10V Fund
Campbell Managed Futures 10V Fund (OOOOOO)*
Campbell Managed Futures 10V Fund (PPPPPP)*
Campbell Managed Futures 10V Fund (QQQQQQ)*
 
* provided the shareholder meets the eligibility requirements for the class shares are being exchanged for or is otherwise eligible to purchase the class of shares
Campbell Managed Futures 10V Fund (OOOOOO)
Campbell Managed Futures 10V Fund (PPPPPP)
Campbell Managed Futures 10V Fund (QQQQQQ)

*
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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