Robeco Investment Funds: transaction fee dropped for some redemptions

By Toni Weeks

San Diego, March 7 - The RBB Fund, Inc. announced that institutional class shares of Robeco Investment Funds will not be subject to a transaction fee for redemptions by some investors.

According to a 497 filing with the Securities and Exchange Commission, the fee will not apply to defined contribution plans, redeemed shares that were purchased through reinvested dividends or capital gain distributions or redemptions of shares by some clients of financial intermediaries who systematically trade in and out of the fund based on model portfolio allocations.

The Robeco funds are managed by affiliates of Boston-based Robeco Investment Management.

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