Cantor Select Portfolios Trust

 

Multi-Class Plan Pursuant to Rule 18f-3

 

 

Cantor Select Portfolio Trust (the "Trust") may, pursuant to Rule 18f-3 under the Investment Company Act of 1940, as amended (the "1940 Act"), offer different classes of shares of the various series of the Trust as listed on Schedule A, as such schedule may be amended from time to time (each, a “Fund” and together, the “Funds”) subject to the terms of this Rule 18f-3 Multi-Class Plan (the “Plan”) which sets forth, among other matters, the method for allocating fees and expenses among each class of shares of the various Funds. The Trust is an open-end series investment company registered as such under the 1940 Act, the shares of which are registered on Form N-1A under the Securities Act of 1933, as amended.

 

The Trust hereby elects to offer multiple classes of shares of the Funds pursuant to the provisions of Rule 18f-3 and the Plan. 

 

1. The current Plan encompasses five classes of shares that may be offered as follows:

 

a.Institutional Class shares are to be sold and redeemed at net asset value. Institutional Class is an "institutional" class. There is no minimum initial or subsequent investment amount (except those shares purchased through an automatic investment plan), each subject to modification by the Board of Trustees of the Trust (the “Board”). Institutional Class shares are not subject to Rule 12b-1 distribution fees. Institutional Class Shares are available from each series of the Trust.

 

b.Class A shares are to be sold and redeemed at net asset value. Class A is a "retail" class. The minimum initial investment is $1,000 and a minimum subsequent investment of $100, each subject to modification by the Board. The minimum initial investment requirement may be waived at the discretion of the investment adviser or principal underwriter. Class A shares are subject to Rule 12b-1 fees at an annual rate of up to 0.25% of the average daily net assets attributable to such shares. Additionally, Class A shares are subject to front-end sales charges as set forth in the prospectus of the relevant Fund. Class A shares are not subject to a contingent deferred sales charge (“CDSC”). Class A Shares are available from each series of the Trust.

 

c.Class R6 shares are to be sold and redeemed at net asset value. Class R6 shares are generally available to certain employer-sponsored retirement plans, such as 401(k) plans, 457 plans, 403(b) plans, profit-sharing plans and money purchase pension plans, defined benefit plans, employer-sponsored benefit plans, and non-qualified deferred compensation plans. Class R6 shares are also available for purchase through certain programs, platforms, or accounts that are maintained or sponsored by financial intermediary firms (including but not limited to, brokers, dealers, banks, trust
 
 

companies, or entities performing trading/clearing functions), provided that the financial intermediary firm has entered into an agreement with the Distributor (or its affiliates) related to Class R6 for such programs, platforms or accounts. In addition, Class R6 shares are generally available to certain institutional investors and high net worth individuals who make a minimum initial investment directly in a Fund's Class R6 shares of $1,000,000 or more and who have completed an application and been approved by such Fund for such investment. Class R6 shares are not subject to Rule 12b-1 distribution fees. Class R6 Shares are available from each series of the Trust.

 

d.Class F shares are to be sold and redeemed at net asset value. Generally, the initial minimum investment for Class F shares is $10,000,000, and there is no minimum for subsequent investments, each subject to modification by the Board. There is no minimum investment for investors who were limited partners of Smith Group Equity Opportunities Fund, LP as of November 13, 2023. The minimum initial investment requirement may be waived at the discretion of the investment adviser or principal underwriter. Class F shares are not subject to Rule 12b-1 distribution fees. Class F Shares are available from the Cantor Fitzgerald International Equity Fund.

 

e.Class C shares are to be sold and redeemed at net asset value. Class C is a "retail" class. The minimum initial investment is $1,000 and a minimum subsequent investment of $100, each subject to modification by the Board. The minimum initial investment requirement may be waived at the discretion of the investment adviser or principal underwriter. Class C shares are subject to Rule 12b-1 fees at an annual rate of up to 1.00% of the average daily net assets attributable to such shares. Class C shares are subject to a 1.00% CDSC on shares redeemed within the first 365 days of purchase. Class C shares automatically convert to Class A shares seven years after purchase. Class C Shares are available from each series of the Trust.

 

f.As set forth in the prospectus for each Fund, shareholders may use proceeds from the redemption of shares of any series of the Trust (a “Cantor Fund”) to purchase the same class of shares of another Cantor Fund, provided that shares of the Cantor Fund to be acquired are offered for sale in such shareholder’s state of residence. There is no charge for this exchange privilege. The class of shares of the Fund to be acquired will be purchased at the NAV next determined after receipt by the administrator of the written exchange request in proper form. To prevent the abuse of the exchange privilege to the disadvantage of other shareholders, each Cantor Fund reserves the right to terminate or modify the exchange privilege upon 60 days’ notice to shareholders.

 

g.Shares of each class may be redeemed in kind subject to the requirements of Rule 18f-1 under the 1940 Act and subject to any further restriction or prohibition under any state blue sky law.

 

2. Income, realized and unrealized capital gains and losses, and expenses not allocated to a particular class as provided below, shall be allocated to each class on the basis of relative net assets.

 
 

 

Expenses allocable to a specific class are expenses specifically incurred by or for such class include, but are not limited to, the following:

 

a.Rule 12b-1 expenses;

 

b.Incremental transfer agency expenses;

 

c.Incremental costs of preparing, printing and mailing shareholder reports, proxy materials and prospectuses related to such class;

 

d.Registration fees and other expenses of registration of the shares of such class under laws or regulations of any jurisdiction in which the class of shares is to be offered;

 

e.Directors' fees and expenses incurred as a result of issues relating solely to such class;

 

f.Legal and accounting expenses relating solely to such class; or

 

g.Expenses related to meetings of the shareholders of such class

 

3. Each class will vote separately with respect to any matter as required by applicable law or which separately affects that class. The shares of each class have one vote per share and a pro-rata fractional vote for a fraction of a share.

 

4.      The Board shall review the Plan as it deems necessary. Prior to any material amendment(s) to the Plan with respect to any Fund’s shares, the Board, including a majority of the members of the Board that are not interested persons of the Trust, shall find that the Plan, as proposed to be amended (including any proposed amendments to the method of allocating class and/or fund expenses), is in the best interest of each class of shares of each Fund individually and each such Fund as a whole. In considering whether to approve any proposed amendment(s) to the Plan, the Board shall request and evaluate such information as they consider reasonably necessary to evaluate the proposed amendment(s) to the Plan.

 

 
 

SCHEDULE A

 

Series of the Trust Amended and Restated October 1, 2026

 

Fund

Max. 12b-1 Fee

(as a
percentage of
average daily net
assets of class)

Years

To

Conversion

 

Cantor Fitzgerald Large Cap Focused Fund

(fka Cantor Growth Equity Fund)

   
Class A 0.25% N/A
Institutional Class None N/A
Class R6 None N/A
Class C 1.00% 7
     

Cantor Fitzgerald Equity Dividend Plus Fund

(fka Cantor FBP Equity & Dividend Plus Fund)

   
Class A 0.25% N/A
Institutional Class None N/A
Class R6 None N/A
Class C 1.00% 7
     
Cantor Fitzgerald International Equity Fund    
Institutional Class None N/A
Class A 0.25% N/A
Class F None N/A
Class R6 None N/A
Class C 1.00% 7
     
Cantor Fitzgerald High Income Fund    
Institutional Class None N/A
Class A 0.20% N/A
Class R6 None N/A
Class C 1.00% 7
     
Cantor Fitzgerald Equity Opportunity Fund    
Institutional Class None N/A
Class A 0.25% N/A
Class R6 None N/A
Class C 1.00% 7