EX-99.B(N)(1) 8 a14-26479_1ex99dbn1.htm EX-99.B(N)(1)

Exhibit (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 December 31, 2014

 

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.

 

 

 

 

 

 

 

 

 

Bogle Investment Management Small Cap

 

Investor Class Institutional

 

OOO

 

No

 

0.10%

 

Growth Fund

 

Class

 

NNN

 

No

 

No

 

 

 

 

 

 

 

 

 

 

 

Robeco Investment Management

 

 

 

 

 

 

 

 

 

Boston Partners Long/Short Equity Fund

 

Investor Class

 

JJJ

 

0.25%

 

No

 

 

 

Institutional Class

 

III

 

No

 

No

 

Boston Partners Small Cap Value Fund II

 

Investor Class

 

EEE

 

0.25%

 

No

 

 

 

Institutional Class

 

DDD

 

No

 

No

 

Boston Partners All-Cap Value Fund

 

Investor Class

 

WW

 

0.25%

 

No

 

 

 

Institutional Class

 

VV

 

No

 

No

 

WPG Partners Small/Micro Cap Value Fund

 

Institutional Class

 

UUU

 

No

 

0.25%

 

Boston Partners Long/Short Research Fund

 

Investor Class

 

AAAAA

 

0.25%

 

No

 

 

 

Institutional Class

 

BBBBB

 

No

 

No

 

Boston Partners Global Equity Fund

 

Investor Class

 

CCCCC

 

0.25%

 

No

 

 

 

Institutional Class

 

DDDDD

 

No

 

No

 

 

 

 

 

 

 

 

 

 

 

Boston Partners Global Long/Short Fund

 

Investor Class

 

JJJJJ

 

0.25%

 

No

 

 

 

Institutional Class

 

KKKKK

 

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

 

Matson Money U.S. Equity VI Portfolio

 

1 Class

 

LLLLL

 

No

 

No

 

Matson Money International Equity VI Portfolio

 

1 Class

 

MMMMM

 

No

 

No

 

Matson Money Fixed Income VI Portfolio

 

1 Class

 

NNNNN

 

No

 

No

 

 

 

 

 

 

 

 

 

 

 

Simple Alternatives LLC

 

 

 

 

 

 

 

 

 

S1 Fund

 

I Shares

 

YYYY

 

No

 

No

 

 

 

R Shares

 

ZZZZ

 

No

 

No

 

 

 

 

 

 

 

 

 

 

 

Summit Global Investments LLC

 

Class A

 

GGGGG

 

0.25%

 

No

 

 


 

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

 

 

 

 

 

 

 

 

 

 

 

Scotia Institutional Asset Management US, Ltd.

 

 

 

 

 

 

 

 

 

Dynamic U.S. Growth Fund

 

Class I

 

OOOOO

 

No

 

0.10%

 

 

 

Class II

 

PPPPP

 

No

 

0.25%

 

 

 

Institutional

 

QQQQQ

 

No

 

No

 

 

 

 

 

 

 

 

 

 

 

Abbey Capital Limited

 

 

 

 

 

 

 

 

 

Abbey Capital Futures Strategy Fund

 

Class I

 

RRRRR

 

No

 

No

 

 

 

Class A

 

SSSSS

 

0.25%

 

No

 

 

 

Class C

 

TTTTT

 

1.00%

 

No

 

 

 

 

 

 

 

 

 

 

 

Altair Advisers LLC

 

 

 

 

 

 

 

 

 

Altair Smaller Companies Fund

 

1 Class

 

UUUUU

 

No

 

No

 

 

 

 

 

 

 

 

 

 

 

Campbell & Company Investment Adviser LLC

 

 

 

 

 

 

 

 

 

Campbell Core Trent Fund

 

1 Class

 

VVVVV

 

No

 

No

 

 


 

APPENDIX B

 

EXCHANGE PRIVILEGES OF THE PORTFOLIOS OF THE RBB FUND, INC.

 

FUND/FUND FAMILY

 

Each Portfolio (Class) . . .

 

May Be Exchanged For Any of

 

 

 

 

 

Boston Partners Investment Funds

(Institutional Classes)

 

Boston Partners All-Cap Value Fund (VV)

Boston Partners Small Cap Value Fund II (DDD)

Boston Partners Long/Short Equity Fund (III)

WPG Partners 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 All-Cap Value Fund (VV)

Boston Partners Small Cap Value Fund II (DDD)

Boston Partners Long/Short Equity (III)

WPG Partners 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 Investment Funds

(Investor Classes)

 

Boston Partners All-Cap Value Fund (WW)

Boston Partners Small Cap Value Fund 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 Fund (WW)

Boston Partners Small Cap Value Fund 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 Fund (Investor Class)

 

Boston Partners All-Cap Value Fund (WW) (provided the accumulated net asset value exceeds the minimum initial investment amount for Boston Partners All-Cap Value Fund (VV))

 

Boston Partners All-Cap Value Fund (VV)

 

 

 

 

 

Boston Partners Small Cap Value II (Investor Class)

 

Boston Partners Small Cap Value Fund II (EEE) (provided the accumulated net asset value exceeds the minimum initial investment amount for Boston Partners Small Cap Value Fund II (DDD))

 

Boston Partners Small Cap Value Fund II (DDD)

 

 

 

 

 

Boston Partners Long/Short Equity Fund (Investor Class)

 

Boston Partners Long/Short Equity Fund (JJJ) (provided the accumulated net asset value exceeds the minimum initial investment amount for Boston Partners Long/Short Equity Fund (III))

 

Boston Partners Long/Short Equity Fund (III)

 

 

 

 

 

Boston Partners Long/Short Research Fund (Investor Class)

 

Boston Partners Long/Short Research Fund (AAAAA) (provided the accumulated net asset value exceeds the minimum initial investment amount for Boston Partners Long/Short Research Fund (BBBBB) and the investor is a financial intermediary sponsored fee-based program)

 

Boston Partners Long/Short Research Fund (BBBBB)

 


 

FUND/FUND FAMILY

 

Each Portfolio (Class) . . .

 

May Be Exchanged For Any of

Boston Partners Global Equity Fund (Investor Class)

 

Boston Partners Global Equity Fund (CCCCC) (provided the accumulated net asset value exceeds the minimum initial investment amount for Boston Partners Global Equity Fund (DDDDD) and the investor is a financial intermediary sponsored fee-based program)

 

Boston Partners Global Equity Fund (DDDDD)

 

 

 

 

 

Boston Partners Global Long/Short Fund (Investor Class)

 

Boston Partners Global Long/Short Fund (JJJJJ)(provided the accumulated net asset value exceeds the minimum initial investment amount for Boston Partners Global Long/Short Fund (KKKKK) and the investor is a financial intermediary sponsored fee-based program)

 

Boston Partners Global Long/Short Fund (KKKKK)

 

 

 

 

 

Matson Money Free Market Funds

 

 

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)

 

 

 

 

 

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 Class (NNN))

 

Bogle Investment Management Small Cap Growth Fund – Institutional 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.