Summit Global Investments LLC

Item 5. Fees and Compensation

Investment Company Management

SGI receives annual investment management fees from advisory agreements with RBB Fund Inc.,
for its investment management services for the various Funds as set forth below. Fees are
calculated by US Bank and paid to SGI from the custodian, US Bank.

SGI U.S. Large Cap Equity mutual fund - 0.70%
SGI U.S. Small Cap Equity mutual fund - 0.90%
SGI Global Equity mutual fund – 0.70%
SGI Peak Growth mutual fund – 0.75%
SGI Prudent Growth mutual fund – 0.75%
SGI Large Cap Core ETF fund – 0.85%
SGI Dynamic Tactical ETF fund – 0.95%
SGI Enhanced Nasdaq® 100 ETF – 0.98%
SGI Enhanced Global Income ETF - 0.98%
SGI Enhanced Core ETF - 0.98%
SGI Enhanced Market Leaders ETF – 0.50%

All other details of the Funds are described in their respective fund prospectus. The prospectus for
each Fund is available by calling 855-744-8500.

SGI primarily receives compensation through advisory fees. As described below, SGI and its
affiliates may receive additional compensation in certain circumstances, which are disclosed
herein. No commissions or asset-based sales charges are received from the purchase of individual
securities, mutual funds, or ETFs in order to eliminate the potential for conflict of interests. SGI
also offers more extensive financial planning services for a fee.

All mutual funds pay administrative and investment management fees. When SGI invests client
assets in affiliated mutual funds, SGI earns additional fees rather than if they invested client assets
in unaffiliated mutual funds. SGI earns “dual fees” from both (1) from managing client assets; and
(2) from managing affiliated mutual funds and/or ETF’s where a portion of client assets may be
invested. This practice represents a conflict of interest providing SGI an incentive to recommend
investment products based on the compensation received, rather than on clients’ needs.
Additionally, SGI Peak Growth mutual fund, SGI Prudent Growth mutual fund, and SGI Dynamic
Tactical ETF fund act as funds of funds, which hold positions in both unaffiliated funds and SGI
Funds. SGI earns fees both at the fund of funds level, and at the portfolio fund level, which
represents a conflict of interest providing SGI an incentive to products that contain multiple levels
of compensation rather than on clients’ needs.

Private Fund(s)

SGI’s Private Fund is only available to Qualified Clients. SGI receives a management fee and a
Performance fee when the performance of the Private Fund is positive in any quarter. Complete
details of fees and expenses associated with the SGI Private Fund can be found in the offering
documents, Private Placement Memorandum (“PPM”) and subscription documents pertaining to
the fund. These documents for the Private Fund are available by calling 888-251-4847.

Individual Managed Accounts

For fees associated with managed accounts, SGI reserves the right to charge clients less than the
stated maximum fee. SGI’s investment fees shown below reflect the maximum fee SGI may charge
and may be lowered based on each clients’ investment objectives, risk, and suitability. In addition,
fees may be lowered based on how each clients’ assets are allocated among Funds, the Private
Fund, private capital Funds, various mutual funds, options, exchange traded funds, fixed income
and/or cash instruments in the construction of a client's portfolio.

         Asset Amount                       Maximum Annual Advisory Fee
         Less than $500,000                 2.00%
         $500,000 to $999,999               1.70%
         $1,000,000 and above               1.50%

It is SGI’s policy to calculate fees, processed at the beginning of each month using the client’s full
market value account balance from the last day of the previous month. Throughout the month all
deposits, withdrawals, and market changes are considered and reconciled with the original fees
calculated at the beginning of the month. During the following month, the account fees are again
calculated on a forward-looking basis plus or minus the prior month’s reconciliation.

A margin account is a brokerage account that allows investors to borrow money to buy securities.
The broker/custodian charges the investor interest for the right to borrow money and uses the
securities as collateral. By using borrowed funds, the investor is employing leverage that may
magnify both account gains and losses. Should a client determine to use margin, SGI will include
the entire market value of the margined assets when computing fees. Accordingly, SGI’s fees shall
be based upon the higher margined account value, resulting in SGI earning a higher fee. As a result,
the potential of conflict of interest arises since SGI has a financial disincentive to recommend that
the client terminate the use of margin. Please note: The use of margin can cause significant adverse
financial consequences in the event of a market correction.

If an account is deemed terminated according to the Investment Advisory Agreement, any prorated
fees shall be refunded to the respective client’s account(s) on a best-efforts basis.

Further, SGI may choose not to assess an advisory fee where SGI offers advisory services to
employees of SGI or family members of related persons.

SGI's fees are exclusive of brokerage commissions, transaction fees, and other related costs and

expenses that may be incurred by a client. Clients may incur certain charges imposed by
custodians, brokers, third-party investment managers and other third parties such as fees charged
by managers, mutual funds, exchange traded funds, custodial fees, deferred sales charges, odd-lot
differentials, transfer taxes, wire transfers and electronic fund fees, and other fees and taxes on
brokerage accounts and securities transactions.

In addition to the Firm’s advisory fee, clients investing through advisory annuities or Registered
...

Item 7. Types of Clients

SGI provides investment management services to registered investment companies, institutional
clients, individuals and high net-worth families. SGI serves as the advisor to the Funds, registered
under the Investment Company Act of 1940. Investors within these mutual funds may include
financial advisors, institutions, trusts, individuals, or other entities.

SGI has a minimum account balance requirement to open and maintain a separate account of
$500,000 for institutional accounts and $20,000 for individual accounts. SGI reserves the right to
accept clients with smaller portfolios based upon certain criteria including anticipated future
earning capacity, anticipated future additional assets, account composition, related accounts, and
pre-existing clients. SGI aggregates the portfolios of family members to meet the minimum

portfolio size.

SGI offers investment advisory services to high-net-worth individuals, families, trusts, estates,
charitable organizations, businesses, institutional investors, and pooled investment vehicles. Some
of SGI's offerings are only suitable for high-net-worth individuals, institutional investors,
businesses, and other groups that meet certain asset minimums. Additionally, although private
funds typically have minimums of $250,000, minimum investments may vary based on different
strategies. The various requirements for investing in a Fund, including the minimum investment
size, are set forth in each Fund's Offering Documents. For some private funds, including SGI’s
private fund, the advisor has the ability, in its sole discretion, to permit commitments below the
minimum.

Private Fund Services

Investors who invest within private funds meet the definition of “Accredited Investor” as defined
in the Securities Act of 1933 and/or a “Qualified Client” as defined in the Advisers Act.

Who is a “Qualified Client”?
Rule 205-3(d)(1) of the Adviser's Act defines a “Qualified Client” as:
I. A natural person who, or a company that, immediately after entering into the contract has at
    least $1,100,000 under the management of the investment adviser;

II.    A natural person who, or a company that, the investment adviser entering into the contract
       (and any person acting on his behalf) reasonably believes, immediately prior to entering into
       the contract, either:
        a. Has a net worth (together, in the case of a natural person, with assets held jointly with a
             spouse) of more than $2,200,000 (excluding the value of any primary residence).
        b. Is a qualified purchaser as defined in section 2(a)(51)(A) of the Investment Company
             Act of 1940 (15 U.S.C. 80a-2(a)(51)(A)) at the time the contract is entered into; or

III.   A natural person who immediately prior to entering into the contract is:
       a.   An executive officer, director, trustee, general partner, or person serving in a similar
            capacity, of the investment adviser; or
       b.   An employee of the investment adviser (other than an employee performing solely
            clerical, secretarial or administrative functions with regard to the investment adviser)
            who, in connection with his or her regular functions or duties, participates in the
            investment activities of such investment adviser, provided that such employee has been
            performing such functions and duties for or on behalf of the investment adviser, or
            substantially similar functions or duties for or on behalf of another company for at least
            12 months.

Who is an “Accredited Investor”?

Rule 501 of the Securities Act definition of “Accredited Investor” is intended to encompass those
persons whose financial sophistication and ability to sustain the risk of loss of investment or ability

to fend for themselves render the protections of the Securities Act's registration process
unnecessary.

Accredited Investor shall mean any person who comes within any of the following categories, or
who the issuer reasonably believes comes within any of the following categories, at the time of the
sale of the securities to that person:

i.     Any bank as defined in section 3(a)(2) of the Act, or any savings and loan association or
       other institution as defined in section 3(a)(5)(A) of the Act whether acting in its individual
       or fiduciary capacity; any broker or dealer registered pursuant to section 15 of the Securities
       Exchange Act of 1934; any insurance company as defined in section 2(a)(13) of the Act; any
       investment company registered under the Investment Company Act of 1940 or a business
       development company as defined in section 2(a)(48) of that Act; any Small Business
       Investment Company licensed by the U.S. Small Business Administration under section
       301(c) or (d) of the Small Business Investment Act of 1958; any plan established and
       maintained by a state, its political subdivisions, or any agency or instrumentality of a state or
       its political subdivisions, for the benefit of its employees, if such plan has total assets in
       excess of $5,000,000; any employee benefit plan within the meaning of the Employee
       Retirement Income Security Act of 1974 if the investment decision is made by a plan
       fiduciary, as defined in section 3(21) of such act, which is either a bank, savings and loan
       association, insurance company, or registered investment adviser, or if the employee benefit
       plan has total assets in excess of $5,000,000 or, if a self-directed plan, with investment
       decisions made solely by persons that are Accredited Investors;

ii.    Any private business development company as defined in section 202(a)(22) of the
       Investment Advisers Act of 1940;

iii.   Any organization described in section 501(c)(3) of the Internal Revenue Code, corporation,
...