Fund Description: Motley Fool 100 Index ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the RBB Fund, Inc., an open-end investment management company. INVESTMENT OBJECTIVE: The Motley Fool 100 Index ETF seeks to provide investment returns that closely correspond to the price and yield performance of the Motley Fool 100 Index. INDEX DESCRIPTION: The Motley Fool 100 Index is a proprietary, rules-based Index designed to track the performance of the 100 largest, most liquid U.S. companies that have been recommended by The Motley Fool’s analysts and newsletters. To be eligible for inclusion in the Index, a company must be among the 100 largest domestic firms by market capitalization in The Motley Fool’s recommendation universe. That recommendation universe includes all companies domiciled in the United States that are either active recommendations of a newsletter published by The Motley Fool or are among the 150 highest rated U.S. companies in The Motley Fool’s analyst opinion database. Each of the 100 largest company’s share of the index (or weighting is set to equal the company’s share of all Index companies’ aggregate market value. The Index is reconstituted and rebalanced quarterly. From time to time, the Index may include more or less than 100 companies as a result of events such as acquisitions, spin-offs and other corporate actions. FUND STRATEGY: The Fund employs a passive management or indexing investment approach designed to track the total return performance, before fees and expenses, of the Index. Under normal circumstances, at least 80% of the Fund’s total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the Index. The Fund will generally use a replication strategy to achieve its investment objective, meaning it generally will invest in all of the component securities of the Index. However, the Fund may use a representative sampling strategy, meaning it may invest in a sample of the securities in the Index whose risk, return and other characteristics closely resemble the risk, return and other characteristics of the Index as a whole, when the Adviser believes it is in the best interests of the Fund (e.g., when replicating the Index involves practical difficulties or substantial costs, an Index constituent becomes temporarily illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations that apply to the Fund but not to the Index). The Fund generally may invest up to 20% of its total assets (exclusive of any collateral held from securities lending) in securities or other investments not included in the Index, but which the Adviser believes will help the Fund track the Index. For example, the Fund may invest in securities that are not components of the Index to reflect various corporate actions and other changes to the Index (such as reconstitutions, additions and deletions). The Fund is non-diversified and has elected to be, and intends to qualify each year for treatment as a regulated investment company (RIC) under subchapter M. FUND MANAGEMENT: Motley Fool Asset Management, LLC, serves as the investment adviser to the Fund.