https://www.sec.gov/Archives/edgar/data/831114/000110465917012635/a17-7340_1497.htm497 1 a17-7340_1497.htm 497
THE RBB FUND, INC.
Boston Partners Investment Funds
Boston Partners Long/Short Research Fund
Institutional Class (BPIRX)
Investor Class (BPRRX)
Supplement dated February 28, 2017
to the Prospectuses dated December 31, 2016
Based on the recommendation of Boston Partners Global Investors, Inc., the Board of Directors of The RBB Fund, Inc. has approved re-opening the Boston Partners Long/Short Research Fund for sale to all investors, effective as of March 1, 2017. In addition, the Adviser has discretion to close the Boston Partners Long/Short Research Fund thereafter should the assets of the Fund increase by more than 5% from the date of the reopening of the Fund. All references to the Boston Partners Long/Short Research Fund being closed to new investors are hereby deleted from the Prospectus.
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Please retain this supplement for your reference.
Comments
BPRRX has $6.5B in assets. They will close if assets increase 5% ??? Makes no sense.
BPLEX has $1.0B.
I'm mad. I mean at them.
BPRRX is large cap. BPLEX is nominally mid-cap with 18% in micro caps and 15% in small caps, both of which is rare in a L/S fund.
I sort of think of BPRRX as the equivalent of Grandeur Peak Stalwarts, the mid-cap produce from the micro-cap specialist offered as a gesture of goodwill to the advisor community.
David