# EDGAR Filing Document

**Accession Number:** 0000831114
**File Stem:** 0001145549-25-049533
**Filing Date:** 2025-7
**Character Count:** 46836
**Document Hash:** 09effec916bb13065483695305498ceb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-049533.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001145549-25-049533

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RBB FUND, INC.
- **CENTRAL INDEX KEY:** 0000831114

**ORGANIZATION NAME:**
- **EIN:** 510312196
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05518
- **FILM NUMBER:** 251159354

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

**MAIL ADDRESS:**
- **STREET 1:** 615 E. MICHIGAN ST.
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RBB FUND INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FUND INC /DE/
- **DATE OF NAME CHANGE:** 19600201

## Series and Classes Contracts Data

### SGI U.S. Large Cap Equity Fund (Series ID: S000036223)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000110907 | Class I      | SILVX           |
| C000110908 | Class A      | LVOLX           |
| C000164938 | Class C      | SGICX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **SGI U.S. Large Cap Equity Fund** | **SGI U.S. Large Cap Equity Fund** | **SGI U.S. Large Cap Equity Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 99.1%** | **Shares** | **Value**  |
| **Aerospace/Defense - 2.9%** | **Aerospace/Defense - 2.9%** | |
| Lockheed Martin Corp. | 13424 | $6475469 |
| **Banks - 1.2%** | **Banks - 1.2%** |  |
| Bank of New York Mellon Corp. | 30599 | 2711377 |
| **Beverages - 2.9%** | **Beverages - 2.9%** |  |
| Coca-Cola Co. | 14029 | 1011491 |
| Keurig Dr Pepper, Inc. | 12935 | 435521 |
| PepsiCo, Inc. | 38586 | 5072130 |
|  |  | 6519142 |
| **Biotechnology - 4.6%** | **Biotechnology - 4.6%** |  |
| Amgen, Inc. | 1678 | 483566 |
| Gilead Sciences, Inc. | 20349 | 2240018 |
| Incyte Corp. <sup>(a)</sup> | 65347 | 4251476 |
| United Therapeutics Corp. <sup>(a)</sup> | 7535 | 2402535 |
| Vertex Pharmaceuticals, Inc. <sup>(a)</sup> | 1941 | 858019 |
|  |  | 10235614 |
| **Chemicals - 2.6%** | **Chemicals - 2.6%** |  |
| Ecolab, Inc. | 22198 | 5896233 |
| **Commercial Services - 5.8%** | **Commercial Services - 5.8%** |  |
| Automatic Data Processing, Inc. | 22638 | 7369348 |
| Gartner, Inc. <sup>(a)</sup> | 2167 | 945722 |
| S&P Global, Inc. | 6912 | 3544889 |
| Verisk Analytics, Inc. | 3793 | 1191533 |
|  |  | 13051492 |
| **Computers - 1.0%** | **Computers - 1.0%** |  |
| Cognizant Technology Solutions Corp. - Class A | 21403 | 1733429 |
| Fortinet, Inc. <sup>(a)</sup> | 4071 | 414346 |
|  |  | 2147775 |
| **Cosmetics & Personal Care - 3.5%** | **Cosmetics & Personal Care - 3.5%** |  |
| Colgate-Palmolive Co. | 71809 | 6673929 |
| Procter & Gamble Co. | 6699 | 1138093 |
|  |  | 7812022 |
| **Diversified Financial Services - 4.9%** | **Diversified Financial Services - 4.9%** |  |
| CME Group, Inc. | 5199 | 1502511 |
| Intercontinental Exchange, Inc. | 13093 | 2354121 |
| Mastercard, Inc. - Class A | 11290 | 6611424 |
| Tradeweb Markets, Inc. - Class A | 3109 | 449095 |
|  |  | 10917151 |
| **Electric - 8.1%** | **Electric - 8.1%** |  |
| Ameren Corp. | 11228 | 1087769 |
| CMS Energy Corp. | 61239 | 4300815 |
| Dominion Resources, Inc. | 30618 | 1735122 |
| DTE Energy Co. | 18078 | 2470359 |
| Duke Energy Corp. | 14120 | 1662206 |
| Evergy, Inc. | 37597 | 2496817 |
| Exelon Corp. | 50358 | 2206687 |
| FirstEnergy Corp. | 11241 | 471447 |
| Southern Co. | 12449 | 1120410 |
| Xcel Energy, Inc. | 6276 | 439948 |
|  |  | 17991580 |
| **Electronics - 0.9%** | **Electronics - 0.9%** |  |
| Amphenol Corp. - Class A | 17752 | 1596437 |
| Garmin Ltd., (Switzerland) | 1935 | 392747 |
|  |  | 1989184 |
| **Environmental Control - 2.6%** | **Environmental Control - 2.6%** |  |
| Republic Services, Inc. | 4441 | 1142625 |
| Veralto Corp. | 20486 | 2069700 |
| Waste Management, Inc. | 10334 | 2490184 |
|  |  | 5702509 |
| **Food - 3.8%** | **Food - 3.8%** |  |
| Sysco Corp. | 26855 | 1960415 |
| Tyson Foods, Inc. - Class A | 117347 | 6590208 |
|  |  | 8550623 |
| **Gas - 2.8%** | **Gas - 2.8%** |  |
| NiSource, Inc. | 157516 | 6228183 |
| **Biotechnology - 1.7%** | **Biotechnology - 1.7%** |  |
| BioMarin Pharmaceutical, Inc. <sup>(a)</sup> | 64719 | 3758232 |
| **Real Estate Investment Trusts (REITs) - 0.5%** | **Real Estate Investment Trusts (REITs) - 0.5%** |  |
| Regency Centers Corp. | 15224 | 1098412 |
| **Healthcare Products - 0.6%** | **Healthcare Products - 0.6%** |  |
| Boston Scientific Corp. <sup>(a)</sup> | 11909 | 1253541 |
| **Healthcare Services - 2.3%** | **Healthcare Services - 2.3%** |  |
| Elevance Health, Inc. | 9181 | 3524035 |
| UnitedHealth Group, Inc. | 5162 | 1558459 |
|  |  | 5082494 |
| **Household Products & Wares - 0.3%** | **Household Products & Wares - 0.3%** |  |
| Church & Dwight Co., Inc. | 7855 | 772225 |
| **Household Products/Wares - 1.4%** | **Household Products/Wares - 1.4%** |  |
| Kimberly-Clark Corp. | 22143 | 3183278 |
| **Insurance - 7.7%** | **Insurance - 7.7%** |  |
| Arthur J Gallagher & Co. | 6351 | 2206592 |
| Berkshire Hathaway, Inc. - Class B <sup>(a)</sup> | 7513 | 3786252 |
| Loews Corp. | 7406 | 661282 |
| Markel Group, Inc. <sup>(a)</sup> | 322 | 625227 |
| Marsh & McLennan Cos., Inc. | 10790 | 2521191 |
| Progressive Corp. | 21424 | 6104340 |
| Travelers Cos, Inc. | 4374 | 1205912 |
|  |  | 17110796 |
| **Internet - 6.4%** | **Internet - 6.4%** |  |
| Alphabet, Inc. - Class C | 15342 | 2651865 |
| GoDaddy, Inc. - Class A <sup>(a)</sup> | 13033 | 2373961 |
| Meta Platforms, Inc. - Class A | 10669 | 6908071 |
| VeriSign, Inc. | 8765 | 2388199 |
|  |  | 14322096 |
| **Lodging - 1.3%** | **Lodging - 1.3%** |  |
| Hilton Worldwide Holdings, Inc. | 11317 | 2811596 |
| **Media - 0.3%** | **Media - 0.3%** |  |
| Comcast Corp. - Class A | 20551 | 710448 |
| **Mining - 0.5%** | **Mining - 0.5%** |  |
| Newmont Corp. | 22954 | 1210135 |
| **Miscellaneous Manufacturer- 0.2%** | **Miscellaneous Manufacturer- 0.2%** |  |
| Teledyne Technologies, Inc. <sup>(a)</sup> | 879 | 438498 |
| **Oil & Gas - 1.2%** | **Oil & Gas - 1.2%** |  |
| Diamondback Energy, Inc. | 9838 | 1323703 |
| Exxon Mobil Corp. | 12678 | 1296959 |
|  |  | 2620662 |
| **Packaging & Containers - 2.3%** | **Packaging & Containers - 2.3%** |  |
| Packaging Corp. of America | 26661 | 5150105 |
| **Pharmaceuticals - 4.5%** | **Pharmaceuticals - 4.5%** |  |
| Becton Dickinson & Co. | 1940 | 334825 |
| Cardinal Health, Inc. | 27340 | 4222390 |
| McKesson Corp. | 3287 | 2365029 |
| Merck & Co., Inc. | 33014 | 2536796 |
| Neurocrine Biosciences, Inc. <sup>(a)</sup> | 5712 | 702690 |
|  |  | 10161730 |
| **Pipelines - 0.3%** | **Pipelines - 0.3%** |  |
| Targa Resources Corp. | 4014 | 633931 |
| **REITS - 1.0%** | **REITS - 1.0%** |  |
| Realty Income Corp. | 7458 | 422272 |
| Welltower, Inc. | 11137 | 1718216 |
|  |  | 2140488 |
| **Retail - 6.9%** | **Retail - 6.9%** |  |
| Costco Wholesale Corp. | 2912 | 3029004 |
| Home Depot, Inc. | 18958 | 6982042 |
| O'Reilly Automotive, Inc. <sup>(a)</sup> | 1295 | 1770913 |
| Wal-Mart Stores, Inc. | 16607 | 1639443 |
| Yum! Brands, Inc. | 14365 | 2067698 |
|  |  | 15489100 |
| **Semiconductors - 0.3%** | **Semiconductors - 0.3%** |  |
| Analog Devices, Inc. | 2883 | 616904 |
| **Software - 4.0%** | **Software - 4.0%** |  |
| Adobe Systems, Inc. <sup>(a)</sup> | 1572 | 652521 |
| Dynatrace, Inc. <sup>(a)</sup> | 11572 | 625004 |
| Fiserv, Inc. <sup>(a)</sup> | 7063 | 1149786 |
| HubSpot, Inc. <sup>(a)</sup> | 631 | 372227 |
| Intuit, Inc. | 917 | 690932 |
| Microsoft Corp. | 5811 | 2675152 |
| Nutanix, Inc. - Class A <sup>(a)</sup> | 7096 | 544192 |
| PTC, Inc. <sup>(a)</sup> | 2721 | 457999 |
| Salesforce.com, Inc. | 1840 | 488281 |
| ServiceNow, Inc. <sup>(a)</sup> | 447 | 451957 |
| Zoom Communications, Inc. - Class A <sup>(a)</sup> | 10896 | 885300 |
|  |  | 8993351 |
| **Telecommunications - 5.9%** | **Telecommunications - 5.9%** |  |
| Arista Networks, Inc. <sup>(a)</sup> | 22517 | 1950873 |
| Corning, Inc. | 97810 | 4850398 |
| Motorola Solutions, Inc. | 6910 | 2870276 |
| T-Mobile US, Inc. | 14153 | 3427856 |
|  |  | 13099403 |
| **Transportation - 1.9%** | **Transportation - 1.9%** |  |
| CH Robinson Worldwide, Inc. | 4552 | 436855 |
| Union Pacific Corp. | 17453 | 3868632 |
|  |  | 4305487 |
| **TOTAL COMMON STOCKS** (Cost $208,683,693) | **TOTAL COMMON STOCKS** (Cost $208,683,693) | 221191266 |
| **TOTAL INVESTMENTS - 99.1% (**Cost $208,683,693**)** | **TOTAL INVESTMENTS - 99.1% (**Cost $208,683,693**)** | 221191266 |
| Other Assets in Excess of Liabilities - 0.9% | Other Assets in Excess of Liabilities - 0.9% | 2009637 |
| **TOTAL NET ASSETS - 100.0%** |  | $223200903 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

REIT - Real Estate Investment Trust<br>

(a) Non-income producing security.

------

#### <br>

#### Summary of Fair Value Disclosure as of May 31, 2025 (Unaudited)
SGI U.S. Large Cap Equity Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of May 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | 221191266 |  |  | 221191266 |
| Total Investments | 221191266 |  |  | 221191266 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** RBB Fund, Inc.

- **b. Investment Company Act file number:** 811-05518

- **c. CIK number of Registrant:** 0000831114

- **d. LEI of Registrant:** 5493005KKD0GVHSW0D29

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 615 East Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 262-378-6278

**Item A.2. Information about the Series.**

- **a. Name of Series:** SGI U.S. Large Cap Equity Fund

- **b. EDGAR series identifier (if any):** S000036223

- **c. LEI of Series:** 549300KYBUGA4WTA3A58

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $223769081.78

**Total Liabilities:** $409554.87

**Net Assets:** $223359526.91

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000110907 | -1.66%               | -1.80%               | 1.66%                |
| Class ID C000110908 | -1.70%               | -1.79%               | 1.59%                |
| Class ID C000164938 | -1.75%               | -1.90%               | 1.58%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2080707.46              | $-6097228.68                               |
| Month 2  | $1518352.08              | $-5596828.94                               |
| Month 3  | $736846.48               | $2693893.34                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                   | Title                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| T-Mobile US Inc                        | T-Mobile US Inc                        | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     14153 | NS      | $3427856.60   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc              | Teledyne Technologies Inc              | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |       879 | NS      | $438497.94    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets Inc                   | Tradeweb Markets Inc                   | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3109 | NS      | $449095.05    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos Inc/The                  | Travelers Cos Inc/The                  | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |      4374 | NS      | $1205911.80   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co                   | Colgate-Palmolive Co                   | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     71809 | NS      | $6673928.46   | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                             | Intuit Inc                             | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |       917 | NS      | $690931.99    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc                           | NiSource Inc                           | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |    157516 | NS      | $6228182.64   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp                   | Regency Centers Corp                   | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |     15224 | NS      | $1098411.60   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                         | Salesforce Inc                         | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      1840 | NS      | $488280.80    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bank Money Market Deposit Account | U.S. Bank Money Market Deposit Account | CUSIP: 8AMMF0A92<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1453151 | NS      | $1453150.54   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Veralto Corp                           | Veralto Corp                           | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |     20486 | NS      | $2069700.58   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                            | Walmart Inc                            | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     16607 | NS      | $1639443.04   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                           | Alphabet Inc                           | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     15342 | NS      | $2651864.70   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BioMarin Pharmaceutical Inc            | BioMarin Pharmaceutical Inc            | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |     64719 | NS      | $3758232.33   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The                       | Coca-Cola Co/The                       | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     14029 | NS      | $1011490.90   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp                  | Costco Wholesale Corp                  | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      2912 | NS      | $3029004.16   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Markel Group Inc                       | Markel Group Inc                       | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |       322 | NS      | $625227.40    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences Inc             | Neurocrine Biosciences Inc             | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |      5712 | NS      | $702690.24    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The                | Procter & Gamble Co/The                | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      6699 | NS      | $1138093.11   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoom Communications Inc                | Zoom Communications Inc                | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |     10896 | NS      | $885300.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                              | Adobe Inc                              | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      1572 | NS      | $652521.48    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co                  | Becton Dickinson & Co                  | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |      1940 | NS      | $334824.60    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp                 | Boston Scientific Corp                 | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     11909 | NS      | $1253541.34   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health Inc                    | Cardinal Health Inc                    | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |     27340 | NS      | $4222389.60   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp                    | Kimberly-Clark Corp                    | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |     22143 | NS      | $3183277.68   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Loews Corp                             | Loews Corp                             | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |      7406 | NS      | $661281.74    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                         | Mastercard Inc                         | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     11290 | NS      | $6611424.00   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                            | PepsiCo Inc                            | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     38586 | NS      | $5072129.70   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corp                             | Sysco Corp                             | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |     26855 | NS      | $1960415.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd                             | Garmin Ltd                             | CUSIP: N/A<br>LEI: 2549001E0HIPIJQ0W046       | Long             | EC               | CORP              | CH        |      1935 | NS      | $392746.95    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp                            | Ameren Corp                            | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |     11228 | NS      | $1087768.64   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                          | Amphenol Corp                          | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     17752 | NS      | $1596437.36   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp/T         | Bank of New York Mellon Corp/The       | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |     30599 | NS      | $2711377.39   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc                 | Berkshire Hathaway Inc                 | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      7513 | NS      | $3786251.48   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions         | Cognizant Technology Solutions Corp    | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |     21403 | NS      | $1733428.97   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc                             | Ecolab Inc                             | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |     22198 | NS      | $5896232.76   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                          | CME Group Inc                          | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      5199 | NS      | $1502511.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| GoDaddy Inc                            | GoDaddy Inc                            | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |     13033 | NS      | $2373960.95   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J Gallagher & Co                | Arthur J Gallagher & Co                | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |      6351 | NS      | $2206591.44   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc          | Intercontinental Exchange Inc          | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     13093 | NS      | $2354121.40   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc                   | Keurig Dr Pepper Inc                   | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |     12935 | NS      | $435521.45    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc               | Marsh & McLennan Cos Inc               | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |     10790 | NS      | $2521191.40   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                           | Newmont Corp                           | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     22954 | NS      | $1210134.88   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Inc                                | PTC Inc                                | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |      2721 | NS      | $457998.72    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                         | S&P Global Inc                         | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      6912 | NS      | $3544888.32   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                     | Union Pacific Corp                     | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     17453 | NS      | $3868631.98   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                 | UnitedHealth Group Inc                 | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      5162 | NS      | $1558459.42   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc                   | Verisk Analytics Inc                   | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      3793 | NS      | $1191533.02   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc             | Vertex Pharmaceuticals Inc             | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      1941 | NS      | $858019.05    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                          | Welltower Inc                          | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |     11137 | NS      | $1718216.36   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum! Brands Inc                        | Yum! Brands Inc                        | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |     14365 | NS      | $2067698.10   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corp of America              | Packaging Corp of America              | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |     26661 | NS      | $5150105.37   | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                   | Progressive Corp/The                   | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     21424 | NS      | $6104340.32   | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc                  | Republic Services Inc                  | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      4441 | NS      | $1142624.89   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                        | Southern Co/The                        | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |     12449 | NS      | $1120410.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                        | Tyson Foods Inc                        | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |    117347 | NS      | $6590207.52   | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc                    | Elevance Health Inc                    | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |      9181 | NS      | $3524035.04   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                          | Dynatrace Inc                          | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |     11572 | NS      | $625003.72    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                            | HubSpot Inc                            | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |       631 | NS      | $372226.90    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp                   | Lockheed Martin Corp                   | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |     13424 | NS      | $6475469.12   | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp                       | FirstEnergy Corp                       | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |     11241 | NS      | $471447.54    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The                     | Home Depot Inc/The                     | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     18958 | NS      | $6982041.82   | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                         | Microsoft Corp                         | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      5811 | NS      | $2675151.96   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                              | Amgen Inc                              | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      1678 | NS      | $483566.04    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc                     | Analog Devices Inc                     | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |      2883 | NS      | $616904.34    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                    | Arista Networks Inc                    | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     22517 | NS      | $1950872.88   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| CH Robinson Worldwide Inc              | CH Robinson Worldwide Inc              | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |      4552 | NS      | $436855.44    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co Inc                 | Church & Dwight Co Inc                 | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |      7855 | NS      | $772225.05    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                           | Comcast Corp                           | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     20551 | NS      | $710448.07    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                       | Duke Energy Corp                       | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |     14120 | NS      | $1662206.40   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                             | Evergy Inc                             | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     37597 | NS      | $2496816.77   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                             | Fiserv Inc                             | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |      7063 | NS      | $1149785.77   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp                     | Realty Income Corp                     | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |      7458 | NS      | $422271.96    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co                          | DTE Energy Co                          | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |     18078 | NS      | $2470358.70   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                    | Dominion Energy Inc                    | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |     30618 | NS      | $1735122.06   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                     | Meta Platforms Inc                     | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     10669 | NS      | $6908070.81   | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc          | Hilton Worldwide Holdings Inc          | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |     11317 | NS      | $2811595.48   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corp                            | Incyte Corp                            | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |     65347 | NS      | $4251475.82   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                         | Merck & Co Inc                         | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     33014 | NS      | $2536795.76   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc                | O'Reilly Automotive Inc                | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      1295 | NS      | $1770912.50   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corp               | United Therapeutics Corp               | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |      7535 | NS      | $2402534.75   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc                   | Waste Management Inc                   | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |     10334 | NS      | $2490183.98   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                        | CMS Energy Corp                        | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |     61239 | NS      | $4300814.97   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                       | Exxon Mobil Corp                       | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     12678 | NS      | $1296959.40   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                          | McKesson Corp                          | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      3287 | NS      | $2365029.37   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutanix Inc                            | Nutanix Inc                            | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |      7096 | NS      | $544192.24    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals Inc          | Regeneron Pharmaceuticals Inc          | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |      1625 | NS      | $796705.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                         | ServiceNow Inc                         | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |       447 | NS      | $451957.23    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp                   | Targa Resources Corp                   | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |      4014 | NS      | $633931.02    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| VeriSign Inc                           | VeriSign Inc                           | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |      8765 | NS      | $2388199.55   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                        | Xcel Energy Inc                        | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |      6276 | NS      | $439947.60    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc          | Automatic Data Processing Inc          | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     22638 | NS      | $7369348.14   | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Inc                            | Corning Inc                            | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |     97810 | NS      | $4850397.90   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                 | Diamondback Energy Inc                 | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      9838 | NS      | $1323702.90   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                            | Exelon Corp                            | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     50358 | NS      | $2206687.56   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                           | Fortinet Inc                           | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |      4071 | NS      | $414346.38    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner Inc                            | Gartner Inc                            | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |      2167 | NS      | $945722.14    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                    | Gilead Sciences Inc                    | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     20349 | NS      | $2240017.92   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                 | Motorola Solutions Inc                 | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      6910 | NS      | $2870275.80   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-21

**Name of Applicant:** RBB Fund, Inc.

**Signature:** /s/ James G. Shaw

**Name of Signer:** RBB Fund, Inc.

**Title:** CFO COO Secretary