0001398344-18-005991.txt : 20180425 0001398344-18-005991.hdr.sgml : 20180425 20180425164959 ACCESSION NUMBER: 0001398344-18-005991 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180425 DATE AS OF CHANGE: 20180425 EFFECTIVENESS DATE: 20180425 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RBB FUND, INC. CENTRAL INDEX KEY: 0000831114 IRS NUMBER: 510312196 STATE OF INCORPORATION: MD FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-20827 FILM NUMBER: 18774934 BUSINESS ADDRESS: STREET 1: 615 E. MICHIGAN ST. CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 609-731-6256 MAIL ADDRESS: STREET 1: 615 E. MICHIGAN ST. CITY: MILWAUKEE STATE: WI ZIP: 53202 FORMER COMPANY: FORMER CONFORMED NAME: RBB FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: FUND INC /DE/ DATE OF NAME CHANGE: 19600201 0000831114 S000018555 Free Market U.S. Equity Fund C000051460 Institutional Class FMUEX 0000831114 S000018556 Free Market International Equity Fund C000051461 Institutional Class FMNEX 0000831114 S000018557 Free Market Fixed Income Fund C000051462 Institutional Class FMFIX 497 1 fp0032850_497.htm

The RBB Fund, Inc.

 

Matson Money, Inc.

 

Free Market U.S. Equity Fund

Free Market International Equity Fund

Free Market Fixed Income Fund

(collectively, the “Funds”)

 

 

Supplement dated April 25, 2018

to the Summary Prospectuses and Prospectus dated December 31, 2017

 

 

THIS SUPPLEMENT CONTAINS NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED IN THE PROSPECTUSES AND SHOULD BE READ IN CONJUNCTION WITH THE PROSPECTUSES.

 

1.Effective April 20, 2018 (the “Effective Date”), Sean Babin serves as a portfolio manager of the Funds. Mark E. Matson, Chief Executive Officer and Director, and Steven B. Miller, President, will continue to serve as portfolio managers for the Funds. In addition, as of the Effective Date, Kenneth E. Gatliff no longer serves as a portfolio manager for the Funds. Accordingly, all references to Mr. Gatliff should be deleted in their entirety.

 

2.The section entitled “Management of The Funds – Portfolio Managers” of the Funds’ Prospectus is deleted and replaced with the following:

 

A team of portfolio managers, led by Sean Babin, is responsible for the day-to-day operation of the Funds. Mark E. Matson and Steven B. Miller assist Mr. Babin in managing the assets of the Funds.

 

Mark E. Matson, Chief Executive Officer and Director of the Adviser, founded the Adviser in 1991 and serves as head portfolio manager at the Adviser.

 

Steven B. Miller, President of Operations and Portfolio Manager of the Adviser, has been employed by the Adviser as a Portfolio Manager since April 2004.

 

Sean Babin, Portfolio Manager of the Adviser, has been employed by the Adviser since 2016. He is responsible for research, portfolio design, and management of the Funds. Previously, he served as Assistant Portfolio Manager for the Adviser from September 2016 through April 2018. Prior to joining the Adviser, he served at Charles Schwab from January 2015 through September 2016 as an Institutional Relationship Manager. Before joining Charles Schwab, he served as an Investment Analyst for American Wealth Management from January 2013 through January 2015.

 

The SAI provides additional information about the portfolio managers’ compensation, other accounts managed by the portfolio managers and the portfolio managers’ ownership of shares in the Funds.

 

Please retain this supplement for your reference

 

 

 

The RBB Fund, Inc.

 

Matson Money, Inc.

 

Free Market U.S. Equity Fund

Free Market International Equity Fund

Free Market Fixed Income Fund

(collectively, the “Funds”)

 

 

Supplement dated April 25, 2018

to the Statement of Additional Information (“SAI”) dated December 31, 2017

 

 

THIS SUPPLEMENT CONTAINS NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED IN THE SAI AND SHOULD BE READ IN CONJUNCTION WITH THE SAI.

 

1.Effective April 20, 2018 (the “Effective Date”), Sean Babin serves as a portfolio manager of the Funds. In addition, as of the Effective Date, Kenneth E. Gatliff no longer serves as a portfolio manager for the Funds. Accordingly, all references to Mr. Gatliff should be deleted in their entirety.

 

2.The table in the section entitled “Portfolio Managers – Other Accounts” is amended to include information concerning Mr. Babin:

 

Other Accounts. In addition to the Funds, Mr. Babin is responsible for the day-to-day management of certain other accounts, as listed below. The information below is provided as of March 31, 2018.

 

Name of Portfolio Manager
or Team Member		 Type of Accounts Total # of
Accounts
Managed		 Total
Assets		 # of Accounts
Managed that
Advisory Fee
Based on
Performance		 Total Assets
that Advisory
Fee Based on
Performance
 Sean Babin Other Registered Investment Companies: 0 $0 0 $0
  Other Pooled Investment Vehicles: 0 $0 0 $0
  Other Accounts: 1,803 $428 million 0 $0

 

3.The section entitled “The Portfolio Managers – Securities Ownership” is amended to include information concerning Mr. Babin:

 

The following table sets forth the dollar range of shares beneficially owned by Mr. Babin in the Funds as of March 31, 2018.

 

Portfolio Manager Dollar ($) Value of Fund Shares
Beneficially Owned
Free Market U.S. Equity $10,001 - $50,000
Free Market International Equity  $10,001 - $50,000
Free Market Fixed Income  $1 - $10,000

 

Please retain this supplement for future reference.