Shareholders of funds in The RBB Fund, Inc. will vote on replacing F/m Investments LLC with Emerald Mutual Fund Advisers Trust as F/m resigns amid T. Rowe Price Group, Inc.’s pending acquisition, and on utilizing an SEC manager-of-managers exemptive order.
Read from the first part of this long document5 source passages
The RBB Fund, Inc. (the “Company”)Approval of a new investment advisory agreement between the Company, on behalf of each Fund, and Emerald Mutual Fund Advisers Trust, to replace each Fund’s current investment advisory agreement with F/m Investments LLC (“F/m”); andOn August 20, 2026, T. Rowe Price Group, Inc. (“T. Rowe Price”) entered into an equity purchase agreement with FMH, LLC and F/m, pursuant to which T. Rowe Price will acquire all of the issued and outstanding equity interests of F/m (the “Transaction”).[In connection with the Transaction, F/m intends to resign as the investment adviser to each Fund.]Approval of each Fund’s utilization of and operation under a manager of managers exemptive order, to be obtained by application to the U.S. Securities and Exchange Commission.Open the document at this passage
On August 20, 2026, T. Rowe Price Group, Inc. agreed to acquire F/m Investments LLC, triggering shareholder votes on replacement advisory agreements for The RBB Fund, Inc. funds; the Board expects unchanged management, strategies, personnel and advisory fees.
