# EDGAR Filing Document

**Accession Number:** 0001618627
**File Stem:** 0001398344-25-013400
**Filing Date:** 2025-7
**Character Count:** 3701
**Document Hash:** 0e9d00c193a3ccaa47a334e279a95702
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-25-013400.hdr.sgml**: 20250721

**ACCESSION NUMBER**: 0001398344-25-013400

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250721

**DATE AS OF CHANGE**: 20250721

**EFFECTIVENESS DATE**: 20250721

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RBB Fund Trust
- **CENTRAL INDEX KEY:** 0001618627

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-200168
- **FILM NUMBER:** 251136448

**BUSINESS ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 609-731-6256

**MAIL ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PENN Capital Funds Trust
- **DATE OF NAME CHANGE:** 20140904

## Series and Classes Contracts Data

### Penn Capital Special Situations Small Cap Equity Fund (Series ID: S000048027)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Institutional Class | PSCNX         | C000151488 |

---

### Penn Capital Short Duration High Income Fund (Series ID: S000058052)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Institutional Class | PSHNX         | C000190040 |

---

## Series and Classes Contracts Data

### Penn Capital Special Situations Small Cap Equity Fund (Series ID: S000048027)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000151488 | Institutional Class | PSCNX           |

### Penn Capital Short Duration High Income Fund (Series ID: S000058052)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000190040 | Institutional Class | PSHNX           |

**THE RBB FUND TRUST**

**Penn Capital Short Duration High Income Fund**

**Penn Capital Special Situations Small Cap Equity Fund**

**(the "Funds")**

**Supplement dated July 21, 2025**

**to the Prospectus and Statement of Additional Information ("SAI") dated December 31, 2024, as supplemented**

This supplement serves as notification of, and provides information regarding, certain changes to the Funds.

**1. Change in Portfolio Managers for the Penn Capital Special Situations Small Cap Equity Fund**

Effective July 11, 2025 (the "Effective Date"), Christopher Paciello, CFA, will serve as assistant portfolio manager to the Penn Capital Special Situations Small Cap Equity Fund, joining Eric Green, CFA, who has served as portfolio manager to the Fund since 2015. Information regarding the background and experience of Mr. Paciello is included in the Prospectus. In addition, information regarding the other investment accounts that are managed by Mr. Paciello is included in the SAI. As of the Effective Date, Mr. Paciello did not own any shares of the Penn Capital Special Situations Small Cap Equity Fund.

Furthermore, as of the Effective Date, Chad Bolen no longer serves as assistant portfolio manager to the Penn Capital Special Situations Small Cap Equity Fund. Accordingly, all references to Mr. Bolen in the Prospectus and SAI should be deleted.

**2. Change in Portfolio Managers for the Penn Capital Short Duration High Income Fund**

As of the Effective Date, Christopher Paciello no longer serves as assistant portfolio manager to the Penn Capital Short Duration High Income Fund.

If you have any questions, please call the Funds toll-free at 1-844-302-PENN (7366).

**Investors should retain this supplement for future reference**