RBB Fund, Inc. has announced a significant change in its portfolio management team. Michael J. Olsen, CFA, will no longer serve as a portfolio manager for the Motley Fool Global Opportunities ETF. This change is crucial as it may influence the fund's performance and investor confidence.

RBB Fund, Inc., incorporated in Maryland, operates in the investment sector. The company is known for its Motley Fool Global Opportunities ETF, which trades under the ticker symbol TMFG on the Cboe BZX exchange. The fund aims to provide investors with exposure to global investment opportunities.

The recent SEC filing indicates that, alongside Olsen's departure, co-portfolio managers Anthony L. Arsta, CFA, William H. Mann III, Shelby McFaddin, CFA, and Nathan G. Weisshaar, CFA, will continue to manage the fund. The filing states, "Michael J. Olsen, CFA, no longer serves as a portfolio manager to the Fund." This change is effective as of October 30, 2026.

This transition may affect investors who are closely monitoring the fund's management and performance. The remaining co-portfolio managers are tasked with maintaining the fund's strategy and performance amidst this change.

The filing does not say what happens next.

Management Continuity and Responsibilities

The SEC filing emphasizes that Anthony L. Arsta, William H. Mann III, Shelby McFaddin, and Nathan G. Weisshaar will continue their roles as co-portfolio managers. They are jointly responsible for the day-to-day management of the Motley Fool Global Opportunities ETF. This continuity in management may provide some reassurance to investors regarding the fund's strategic direction.

Fund Overview and Objectives

The Motley Fool Global Opportunities ETF, which trades under the ticker symbol TMFG on the Cboe BZX exchange, is designed to offer investors access to a diverse range of global investment opportunities. The fund's investment strategy is focused on identifying companies with growth potential across various sectors and regions.

Regulatory Filing Details

This change is documented in a supplement dated October 30, 2026, to the fund's Summary Prospectus, Prospectus, and Statement of Additional Information, which were originally dated December 31, 2025. Investors are encouraged to retain this supplement for their records, as it outlines important updates regarding the fund's management.

"Accordingly, all references to Mr. Olsen in the Fund’s Summary Prospectus, Prospectus, and Statement of Additional Information are deleted."

Contact Information

For further inquiries, RBB Fund, Inc. can be reached at their business address located at 615 E. Michigan St., Milwaukee, WI 53202, or by phone at 609-731-6256.