RBB Fund Trust Amends Snowball ETF Registration, Details Advisory Pacts

TL;DR

**RBB Fund Trust just updated The Snowball ETF's legal docs, detailing how it's managed and its fees.**

AI Summary

RBB Fund Trust filed a 485BPOS post-effective amendment on March 24, 2026, for The Snowball ETF (Series S000101883, Class C000272240). This filing updates the fund's registration statement, including new investment advisory and sub-advisory agreements, a Rule 12b-1 plan, and a code of ethics. For investors, this matters because it details the operational and governance framework of The Snowball ETF, potentially impacting its management fees, distribution costs, and ethical standards, which can influence long-term performance and investor confidence.

Why It Matters

This filing provides crucial updates on the operational structure and governance of The Snowball ETF, directly affecting its management, costs, and investor protections.

Risk Assessment

Risk Level: low — This filing is a routine regulatory update for an existing fund, not indicating any immediate financial risk.

Analyst Insight

Investors in The Snowball ETF should review the updated investment advisory and sub-advisory agreements to understand any changes in management structure or fees, and examine the Rule 12b-1 plan for insights into distribution costs.

Key Numbers

• 0001618627 — CIK for RBB Fund Trust (Identifies the specific entity making the filing.)
• 2026-03-24 — Filing Date (Indicates when the post-effective amendment was submitted and became effective.)
• 811-23011 — File No. (Act 40) (Unique identifier for the fund's registration under the Investment Company Act of 1940.)
• 333-200168 — File No. (Act 33) (Unique identifier for the fund's registration under the Securities Act of 1933.)

Key Players & Entities

• RBB Fund Trust (company) — the filer of the 485BPOS amendment
• The Snowball ETF (company) — the specific ETF series and class being amended
• 0001618627 (person) — CIK for RBB Fund Trust
• 2026-03-24 (date) — filing and effectiveness date

Forward-Looking Statements

• The Snowball ETF will continue its operations under the updated advisory and distribution agreements. (The Snowball ETF) — high confidence, target: 2027-03-24
• RBB Fund Trust will maintain its current business address in Milwaukee, WI. (RBB Fund Trust) — high confidence, target: 2027-03-24

FAQ

Key Financial Figures

• $10,000 — ds. The Example assumes that you invest $10,000 in the Fund for the time periods indica
• $10 billion — ompanies with market capitalizations of $10 billion or greater. Large Shareholder Risk. C
• $1 billion — ith market capitalizations of less than $1 billion and medium-size companies to have marke

Filing Documents

• cpd_485bpos-032426.htm (485BPOS) — 1359KB
• ex99-d41.htm (EX-99.(D)(41)) — 45KB
• ex99-d42.htm (EX-99.(D)(42)) — 95KB
• ex99-i18.htm (EX-99.(I)(18)) — 6KB
• ex99-i22.htm (EX-99.(I)(22)) — 3KB
• ex99-l19.htm (EX-99.(L)(19)) — 6KB
• ex99-m.htm (EX-99.(M)) — 13KB
• ex99-p19.htm (EX-99.(P)(19)) — 49KB
• 0001999371-26-006825.txt ( ) — 2376KB
• cpd-20260324.xsd (EX-101.SCH) — 8KB
• cpd-20260324_def.xml (EX-101.DEF) — 17KB
• cpd-20260324_lab.xml (EX-101.LAB) — 26KB
• cpd-20260324_pre.xml (EX-101.PRE) — 36KB
• cpd_485bpos-032426_htm.xml (XML) — 98KB
• S000101883
• C000272240 (CPD)

From the Filing

Filed with the Securities and Exchange Commission on March 24, 2026 1933 Act Registration File No. 333-200168 1940 Act Registration File No. 811-23011 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM N-1A REGISTRATION Pre-Effective Amendment No. Post-Effective Amendment No. 87 and/or REGISTRATION Amendment No. 90 (Check Appropriate Box or Boxes) THE RBB FUND TRUST (Exact Name of Registrant as Specified in Charter) 615 East Michigan Street Milwaukee, Wisconsin 53202 (Address of Principal Executive Offices, including Zip Code) Registrant's Telephone Number, including Area Code: ( 609) 731-6256 Copies to: STEVEN PLUMP JILLIAN L. BOSMANN, ESQUIRE The RBB Fund Trust Faegre Drinker Biddle & Reath LLP 615 East Michigan Street One Logan Square, Suite 2000 Milwaukee, Wisconsin 53202-5207 Philadelphia, Pennsylvania 19103-6996 Approximate Date of Proposed Public Offering: As soon as practicable after the Registration Statement becomes effective. immediately upon filing pursuant to paragraph (b) on (date) pursuant to paragraph (b) 60 days after filing pursuant to paragraph (a)(1) on (date) pursuant to paragraph (a)(1) 75 days after filing pursuant to paragraph (a)(2) on (date) pursuant to paragraph (a)(2) of Rule 485. If appropriate, check the following box: This post-effective amendment designates a new effective date for a previously filed post-effective amendment. PROSPECTUS Dated March 24, 2026 The Snowball ETF (NYSE: CPD) A series of The RBB Fund Trust. The Securities and Exchange Commission ("SEC") has not approved or disapproved these securities or passed upon the adequacy of this prospectus. Any representation to the contrary is a criminal offense . TABLE OF CONTENTS Summary Section – The Snowball ETF 1 Additional Information about the Fund 7 Management of the Fund 15 How to Buy and Sell Shares 17 Dividends, Distributions, and Taxes 18 Distribution 23 Additional Considerations 24 Financial Highlights 27 For More Information 28 No securities dealer, sales representative, or any other person has been authorized to give any information or to make any representations, other than those contained in this Prospectus or in approved sales literature in connection with the offer contained herein, and if given or made, such other information or representations must not be relied upon as having been authorized by The Snowball ETF (the "Fund") or The RBB Fund Trust (the "Trust"). This prospectus does not constitute an offer to sell or a solicitation of an offer to buy any of the securities offered hereby in any jurisdiction or to any person to whom it is unlawful to make such offer. The Snowball ETF SUMMARY SECTION Investment Objective The investment objective of The Snowball ETF (the "Fund") is long-term capital growth. Fees and Expenses This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund ("Shares"). You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below. Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Management Fee 1.50 % Distribution (12b-1) Fees (2) 0.00 % Other Expenses (1) None Interest expense on borrowings (3) 0.83 % Total Annual Fund Operating Expenses: 2.33 % (1) "Other Expenses" are based on estimated amounts for the current fiscal year. (2) The Fund's Rule 12b-1 Plan has been approved by the Board but has not been implemented, such that no related fees accrue to the Fund. (3) "Interest expense on borrowings" is based on estimated amounts for the current fiscal year. Example This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then hold or redeem all of your Shares at the end of those periods. The Example also assumes that: (1) your investment has a 5% return each year, and (2) the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: 1 Year 3 Years $ 236 $ 727 Portfolio Turnover The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund's performance. No portfolio turnover rate is provided for the Fund because the Fund had not commenced operations prior to the date of this Prospectus. Principal Investment Strategies The Fund is an actively managed exchange-traded fun

View Full Filing

View this 485BPOS filing on SEC EDGAR