RMB Small Cap Fund

Formerly the IronBridge Small Cap Fund

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Investment Terms: Annualized Rate of Return is the geometric mean return of the portfolio calculated for a one-year period.

Fund Operating Expenses¹

RMB Capital Management, LLC (the “Adviser”) has contractually agreed to reduce its compensation due from and/or assume expenses of the Fund to the extent necessary to ensure that the Fund’s operating expenses (excluding, interest, taxes, brokerage commissions and other transaction costs, expenditures that are capitalized in accordance with generally accepted accounting principles, acquired fund fees and expenses, if any, and other extraordinary expenses not incurred in the ordinary course of business) do not exceed 1.10% of the Fund’s average net assets. The expense limitation agreement will remain in effect for one year after commencement of operations and cannot be terminated prior thereto without the approval of the Board of Trustees of RMB Investors Trust (the “Trust”). To the extent the Adviser waives its compensation and/or assumes expenses to satisfy the limitation, the Adviser may seek repayment by the Fund of a portion or all of such amounts at any time within three years from the date on which such amounts were waived or assumed (except that amounts waived or assumed with respect to the Predecessor Fund are not eligible for repayment after completion of the Reorganization), provided that the Fund is able to make the repayment without exceeding the lesser of the expense limitation in effect at the time of the waiver/reimbursement or in effect at the time of the repayment.

Principal Risks

As with any mutual fund, there is no guarantee that the Fund will achieve its objective. The Fund’s share price fluctuates, which means you could lose money by investing in the Fund. The Fund is not a complete investment program and should be considered only as part of an investment portfolio. The principal risks of investing in the Fund are detailed in the Summary Prospectus.

Index Definition

The Russell 2000 Index measures the performance of the 2,000 smallest companies in the Russell 3000 Index. The Russell 3000 Index measures the performance of the 3,000 largest U.S. companies based on total market capitalization. The index does not reflect investment management fees, brokerage commissions, or other expenses associated with investing in equity securities. A direct investment in an index is not possible.

An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.