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THE RBB FUND, INC. Abbey Capital Futures Strategy Fund Class I Shares

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THE RBB FUND, INC. Abbey Capital Futures Strategy Fund Class I Shares THE RBB FUND, INC. Abbey Capital Futures Strategy Fund Class I Shares (Ticker: ABYIX) Class A Shares (Ticker: ABYAX) Class C Shares (Ticker: ABYCX) Class T Shares (Not Currently Available for Sale) _____________________________________________________________________________________________ Supplement dated April 30, 2020 to the Prospectus dated February 28, 2020 _____________________________________________________________________________________________ The following replaces the information in the Prospectus section entitled “Fund Information – More Information About Risks – Principal Risks – Market Risk”: Market Risk. The Fund’s NAV and investment return will fluctuate based upon changes in the value of its investments. The market value of the Fund’s holdings is based upon the market’s perception of value and is not necessarily an objective measure of an investment’s value. There is no assurance that the Fund will realize its investment objective, and an investment in the Fund is not, by itself, a complete or balanced investment program. You could lose money on your investment in the Fund, or the Fund could underperform other investments. Periods of unusually high financial market volatility and restrictive credit conditions, at times limited to a particular sector or geographic area, have occurred in the past and may be expected to recur in the future. Some countries, including the United States, have adopted or have signaled protectionist trade measures, relaxation of the financial industry regulations that followed the financial crisis, and/or reductions to corporate taxes. The scope of these policy changes is still developing, but the equity and debt markets may react strongly to expectations of change, which could increase volatility, particularly if a resulting policy runs counter to the market’s expectations. The outcome of such changes cannot be foreseen at the present time. In addition, geopolitical and other risks, including environmental and public health risks, may add to instability in the world economy and markets generally. As a result of increasingly interconnected global economies and financial markets, the value and liquidity of the Fund’s investments may be negatively affected by events impacting a country or region, regardless of whether the Fund invests in issuers located in or with significant exposure to such country or region. A recent outbreak of respiratory disease caused by a novel coronavirus was first detected in China in December 2019 and has spread internationally. The outbreak has resulted in closing borders and quarantines, enhanced health screenings, cancellations, disrupted supply chains and customer activity, and has produced general concern and uncertainty. The impact of this coronavirus, and other epidemics and pandemics that may arise in the future, could affect national and global economies, individual companies and the market in general in a manner that cannot be foreseen at the present time. Health crises caused by the recent outbreak may heighten other pre-existing political, social and economic risks in a country or region. In the event of a pandemic or an outbreak, there can be no assurance that the Fund and its service providers will be able to maintain normal business operations for an extended period of time or will not lose the services of key personnel on a temporary or long-term basis due to illness or other reasons. The full impacts of a pandemic or disease outbreaks are unknown, resulting in a high degree of uncertainty for potentially extended periods of time. * * * * * Please retain this supplement for your reference. ABBEY CAPITAL FUTURES STRATEGY FUND of THE RBB FUND, INC. CLASS I SHARES (TICKER: ABYIX) CLASS A SHARES (TICKER: ABYAX) CLASS C SHARES (TICKER: ABYCX) CLASS T SHARES (Not Currently Available for Sale) PROSPECTUS February 28, 2020 Investment Adviser: ABBEY CAPITAL LIMITED 1-2 Cavendish Row Dublin 1, Ireland Beginning on January 1, 2021, as permitted by regulations adopted by the U.S. Securities and Exchange Commission (the “SEC”), paper copies of the Fund’s annual and semi-annual shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports. Instead, the reports will be made available on a website and you will be notified by mail each time a report is posted and provided with a website link to access the report. If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from the Fund electronically anytime by contacting your financial intermediary (such as a broker-dealer or a bank) or, if you are a direct investor, by calling 1-844-261-6484. You may elect to receive all future reports in paper free of charge. If you invest through a financial intermediary, you can contact your financial intermediary to request that you continue to receive paper copies of your shareholder reports. If you invest directly with the Fund, you can call 1-844-261-6484 to inform the Fund that you wish to continue receiving paper copies of your shareholder reports. Your election to receive reports in paper will apply to all funds held in your account if you invest through your financial intermediary or all funds held with the fund complex if you invest directly with the Fund. The SEC and the Commodity Futures Trading Commission have 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 ����������������������������������������������������������������������������������������������������������������������� 1 FUND INFORMATION ..................................................................................................................... 11 More Information About Fund Investments ��������������������������������������������������������������������������� 11 More Information About Risks ������������������������������������������������������������������������������������������������� 11 Principal Risks ������������������������������������������������������������������������������������������������������������������������������ 11 Non-Principal Risks ��������������������������������������������������������������������������������������������������������������������� 16 DISCLOSURE OF PORTFOLIO HOLDINGS ������������������������������������������������������������������������������ 17 MORE INFORMATION ABOUT MANAGEMENT OF THE FUND �������������������������������������� 18 Investment Adviser ���������������������������������������������������������������������������������������������������������������������� 18 Trading Advisers �������������������������������������������������������������������������������������������������������������������������� 19 SHAREHOLDER INFORMATION ������������������������������������������������������������������������������������������������� 27 Pricing of Fund Shares ���������������������������������������������������������������������������������������������������������������� 27 Sales Charges ��������������������������������������������������������������������������������������������������������������������������������� 28 Purchase of Fund Shares ������������������������������������������������������������������������������������������������������������� 32 Redemption of Fund Shares ������������������������������������������������������������������������������������������������������� 35 Market Timing ������������������������������������������������������������������������������������������������������������������������������ 37 Exchange Privilege ����������������������������������������������������������������������������������������������������������������������� 38 Dividends and Distributions ����������������������������������������������������������������������������������������������������� 38 More Information About Taxes ������������������������������������������������������������������������������������������������� 39 Distribution Arrangements �������������������������������������������������������������������������������������������������������� 41 Additional Information ��������������������������������������������������������������������������������������������������������������� 41 FINANCIAL HIGHLIGHTS ������������������������������������������������������������������������������������������������������������� 43 APPENDIX A ��������������������������������������������������������������������������������������������������������������������������������������� A-1 FOR MORE INFORMATION ABOUT THE FUND ������������������������������������������������������ Back Cover SUMMARY SECTION Investment Objective The investment objective of the Abbey Capital Futures Strategy Fund (the “Fund”) is to seek long-term capital appreciation. Current income is a secondary objective. Expenses and Fees This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund (the “Shares”). You may qualify for sales charge discounts if you invest, or agree to invest in the future, at least $25,000 in Class A Shares or at least $250,000 in Class T Shares of the Fund. More information about these and other discounts is available from your financial professional, in the section of the Prospectus entitled “Shareholder Information – Sales Charges” and in the section of the Fund’s Statement of Additional Information
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