# EDGAR Filing Document

**Accession Number:** 0000831114
**File Stem:** 0001145549-23-002895
**Filing Date:** 2023-1
**Character Count:** 31530
**Document Hash:** 8fd595889675e08a4fc2d6af07b31be0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-002895.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001145549-23-002895

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RBB FUND, INC.
- **CENTRAL INDEX KEY:** 0000831114
- **IRS NUMBER:** 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:** 23556778

**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

### MFAM Global Opportunities Fund (Series ID: S000055869)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000175993 | Investor Shares      | FOOLX           |
| C000175994 | Institutional Shares | FOIIX           |

## Nport-Ex

---

| |
|:---|
| **MOTLEY FOOL GLOBAL OPPORTUNITIES ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **NOVEMBER 30, 2022 (UNAUDITED)** |

---

---

| | | |
|:---|:---|:---|
|  | **NUMBER OF**<br>**SHARES** |<br>**VALUE** |
| **Common Stocks — 96.8%** | | |
| **Aerospace & Defense — 3.9%** | | |
| Axon Enterprise, Inc. (United States)(a)\* | 88294 | $16248745 |
| **Banks — 7.0%** |  |  |
| Bank of Georgia Group PLC (Georgia) | 250076 | 7625555 |
| HDFC Bank., Ltd., ADR (India)(a) | 179812 | 12689333 |
| Signature Bank (United States) | 50634 | 7063443 |
| SVB Financial Group (United States)(a)\* | 8292 | 1921919 |
|  |  | 29300250 |
| **Capital Markets — 3.4%** |  |  |
| Brookfield Asset Management, Inc., Class A (Canada) | 253877 | 11970301 |
| Georgia Capital PLC (Georgia)\* | 265187 | 2413115 |
|  |  | 14383416 |
| **Commercial Services & Supplies — 4.6%** |  |  |
| Waste Connections, Inc. (Canada) | 132302 | 19117639 |
| **Diversified Telecommunication Services — 3.2%** |  |  |
| Cellnex Telecom SA (Spain)(d)\* | 400940 | 13601369 |
| **Entertainment — 2.5%** |  |  |
| Universal Music Group NV (Netherlands) | 452520 | 10595122 |
| **Equity Real Estate Investment Trusts (REITs) — 7.0%** |  |  |
| American Tower Corp. (United States) | 38448 | 8506620 |
| Equinix, Inc. (United States) | 17075 | 11792849 |
| SBA Communications Corp. (United States) | 30352 | 9084353 |
|  |  | 29383822 |
| **Food & Staples Retailing — 2.5%** |  |  |
| Costco Wholesale Corp. (United States) | 19693 | 10619450 |
| **Health Care Equipment & Supplies — 3.9%** |  |  |
| Medtronic PLC (Ireland) | 125651 | 9931455 |
| ResMed, Inc. (United States) | 27320 | 6289064 |
|  |  | 16220519 |
| **Health Care Providers & Services — 0.0%** |  |  |
| NMC Health PLC (United Arab Emirates)(b)\* | 485482 | 11703 |
| **Hotels, Restaurants & Leisure — 6.7%** |  |  |
| Starbucks Corp. (United States) | 132302 | 13521264 |
| Yum China Holdings, Inc. (China)(a) | 264132 | 14558956 |
|  |  | 28080220 |
| **Insurance — 2.7%** |  |  |
| Aon PLC, Class A (United Kingdom) | 36814 | 11349020 |
| **Interactive Media & Services — 3.7%** |  |  |
| Alphabet, Inc., Class C (United States)\* | 154537 | 15677779 |
| **Internet & Direct Marketing Retail — 7.2%** |  |  |
| Amazon.com, Inc. (United States)\* | 194953 | 18820762 |
| MercadoLibre, Inc. (Argentina)\* | 12281 | 11433427 |
|  |  | 30254189 |
| **IT Services — 7.7%** |  |  |
| Mastercard, Inc., Class A (United States) | 73364 | 26146930 |
| PayPal Holdings, Inc. (United States)\* | 75030 | 5883102 |
|  |  | 32030032 |
| **Life Sciences Tools & Services — 3.5%** |  |  |
| ICON PLC (Ireland)\* | 68300 | 14714552 |
| **Machinery — 0.5%** |  |  |
| Fanuc Corp. (Japan) | 13660 | 2014526 |
| **Media — 2.0%** |  |  |
| Comcast Corp., Class A (United States) | 200485 | 7345770 |
| System1 Group PLC (United Kingdom)\* | 550230 | 961593 |
|  |  | 8307363 |
| **Real Estate Management & Development — 1.3%** |  |  |
| Jones Lang LaSalle, Inc. (United States)(a)\* | 31236 | 5252958 |
| **Road & Rail — 2.1%** |  |  |
| Canadian National Railway Co. (Canada) | 69258 | 8894805 |
| **Semiconductors & Semiconductor Equipment — 3.1%** |  |  |
| Taiwan Semiconductor Manufacturing Co., Ltd., SP ADR (Taiwan) | 156873 | 13017322 |
| **Software — 8.6%** |  |  |
| Atlassian Corp., Class A (United States)\* | 80194 | 10549521 |
| Everbridge, Inc. (United States)\* | 96886 | 3162359 |
| Paycom Software, Inc. (United States)\* | 31618 | 10721664 |
| Salesforce.com, Inc. (United States)\* | 49064 | 7862506 |
| Splunk, Inc. (United States)\* | 44395 | 3448603 |
|  |  | 35744653 |
| **Trading Companies & Distributors — 5.9%** |  |  |
| Fastenal Co. (United States) | 156392 | 8055752 |
| Watsco, Inc. (United States)(a) | 62065 | 16694244 |
|  |  | 24749996 |
| **Transportation Infrastructure — 3.7%** |  |  |
| International Container Terminal Services, Inc. (Philippines) | 4318971 | 15653979 |
| **Wireless Telecommunication Services — 0.2%** |  |  |
| Safaricom Ltd., PLC (Kenya) | 4000000 | 795427 |
| **Total Common Stocks (Cost $252,600,831)** |  | 406018856 |
| **Investments Purchased with Proceeds from Securities Lending Collateral — 7.9%** |  |  |
| Mount Vernon Liquid Assets Portfolio, LLC, 4.01% | 33098789 | 33098789 |
| **Total Investments Purchased with Proceeds from Securities Lending Collateral (Cost $33,098,789)** |  | 33098789 |
| **Short-Term Investments — 3.1%** |  |  |
| U.S. Bank Money Market Deposit Account, 3.50% (United States)(c) | 12842335 | 12842335 |
| **Total Short-Term Investments (Cost $12,842,335)** |  | 12842335 |
| **Total Investments (Cost $298,541,955) — 107.7%** |  | 451959980 |
| **Liabilities in Excess of Other Assets — (7.7)%** |  | (32378399) |
| **NET ASSETS — 100.0%** |  |  |
| (Applicable to 16,981,770 shares outstanding) |  | $419581581 |

---

---

| | |
|:---|:---|
| \* | Non-income producing security. |
| ADR | American Depositary Receipt |
| PLC | Public Limited Company |
| SP ADR | Sponsored ADR |
| (a) | All or a portion of the security is on loan. At November 30, 2022, the market value of securities on loan was $33,219,980 |
| (b) | Security has been valued at fair market value using significant unobservable inputs as determined in good faith by or under the direction of<br> The RBB Fund, Inc.'s Board of Directors. As of November 30, 2021, these securities amounted to $11,703 or 0.0% of net assets. |
| (c) | The rate shown is as of November 30, 2022. |
| (d) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to <br> qualified institutional buyers. As of November 30, 2022, total market value of Rule 144A securities is $13,601,369 and represents 3.2% of net assets. |

---

------

---

| |
|:---|
| **MOTLEY FOOL GLOBAL OPPORTUNITIES ETF** |
| **NOTES TO THE SCHEDULE OF INVESTMENTS** |
| **November 30, 2022** |
| (UNAUDITED) |

---

---

| |
|:---|
| **PORTFOLIO VALUATION** — Each Fund's net asset value ("NAV") is calculated once daily at the close of regular trading hours on the New York Stock Exchange ("NYSE") (generally 4:00 p.m. Eastern time) on each day the NYSE is open. Securities held by the Funds are valued using the closing price or the last sale price on a national securities exchange or the National Association of Securities Dealers Automatic Quotation System ("NASDAQ") market system where they are primarily traded. Equity securities traded in the over-the-counter ("OTC") market are valued at their closing prices. If there were no transactions on that day, securities traded principally on an exchange or on NASDAQ will be valued at the mean of the last bid and ask prices prior to the market close. Fixed income securities are valued using an independent pricing service, which considers such factors as security prices, yields, maturities and ratings, and are deemed representative of market values at the close of the market. Foreign securities are valued based on prices from the primary market in which they are traded, and are translated from the local currency into U.S. dollars using current exchange rates. If market quotations are unavailable or deemed unreliable, securities will be valued in accordance with procedures adopted by the Company's Board of Directors (the "Board"). Relying on prices supplied by pricing services or dealers or using fair valuation may result in values that are higher or lower than the values used by other investment companies and investors to price the same investments. Such procedures use fundamental valuation methods, which may include, but are not limited to, an analysis of the effect of any restrictions on the resale of the security, industry analysis and trends, significant changes in the issuer's financial position, and any other event which could have a significant impact on the value of the security. Determination of fair value involves subjective judgment as the actual market value of a particular security can be established only by negotiations between the parties in a sales transaction, and the difference between the recorded fair value and the value that would be received in a sale could be significant. The Funds may use fair value pricing more frequently for securities traded primarily in non-U.S. markets because, among other things, most foreign markets close well before the Funds value their securities, generally as of 4:00 p.m. Eastern time. The earlier close of these foreign markets gives rise to the possibility that significant events, including broad market moves, government actions or pronouncements, aftermarket trading, or news events may have occurred in the interim. To account for this, the Funds may value foreign securities using fair value prices based on third-party vendor modeling tools (international fair value pricing). |
| **FAIR VALUE MEASUREMENTS** – The inputs and valuation techniques used to measure the fair value of the Fund's investments are summarized into three levels as described in the hierarchy below: |
| • Level 1 — Prices are determined using quoted prices in active markets for identical securities. |
| • Level 2 — Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). |
| • Level 3 — Prices are determined using significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). |
| The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. |
| The following is a summary of the inputs used, as of November 30, 2022, in valuing the Fund's investments carried at fair value: |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **TOTAL** | **LEVEL 1** | **LEVEL 2** | **LEVEL 3** | **INVESTMENTS MEASURED AT NET ASSET VALUE^** |
| **GLOBAL OPPORTUNITIES ETF** | | | | | |
| Common Stocks | $406018856 | $406007153 | $- | $11703 | $- |
| Investments Purchased with Proceeds From Securities Lending Collateral | 33098789 | - | - | - | 33098789 |
| Short-Term Investments | 12842335 | 12842335 | - | - | - |
| Total Investments\* | $451959980 | $418849488 | $- | $11703 | $33098789 |

---

---

| |
|:---|
| \* Please refer to Schedule of Investments for further details. |
| ^ Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Schedule of Investments. |
| At the end of each quarter, management evaluates the classification of Levels 1, 2 and 3 assets and liabilities. Various factors are considered, such as changes in liquidity from the prior reporting period; whether or not a broker is willing to execute at the quoted price; the depth and consistency of prices from third party pricing services; and the existence of contemporaneous, observable trades in the market. Additionally, management evaluates the classification of Levels 1, 2 and 3 assets and liabilities on a quarterly basis for changes in listings or delistings on national exchanges. |
| Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of the Fund's investments may fluctuate from period to period. Additionally, the fair value of investments may differ significantly from the values that would have been used had a ready market existed for such investments and may differ materially from the values the Fund may ultimately realize. Further, such investments may be subject to legal and other restrictions on resale or otherwise less liquid than publicly traded securities. |
| For fair valuations using significant unobservable inputs, U.S. generally accepted accounting principles ("U.S. GAAP") requires the Fund to present a reconciliation of the beginning to ending balances for reported market values that presents changes attributable to total realized and unrealized gains or losses, purchase and sales, and transfers in and out of Level 3 during the period. Transfers in and out between levels are based on values at the end of the period. A reconciliation of Level 3 investments is presented only if the Fund had an amount of Level 3 investments at the end of the reporting period that was meaningful in relation to its net assets. The amounts and reasons for Level 3 transfers in and out of each level is disclosed when the Fund had an amount of total Level 3 transfers during the reporting period that was meaningful in relation to its net assets as of the end of the reporting period. |
| For the period ended November 30, 2022, the Fund had no significant Level 3 transfers. |
| For more information with regard to significant accounting policies, see the most recent semi-annual or annual report filed with the Securities and Exchange Commission. |

---

## 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:** 414-765-5366

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

- **a. Name of Series:** Motley Fool Global Opportunities ETF

- **b. EDGAR series identifier (if any):** S000055869

- **c. LEI of Series:** 549300GUQEIKEXOTF381

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

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**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:** $456018197.76

**Total Liabilities:** $35202158.02

**Net Assets:** $420816039.74

**Cash Not Reported:** $1673304.17

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000175994 | -9.86%               | 3.04%                | 7.40%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1139179.48              | $-43640326.90                              |
| Month 2  | $2435380.41              | $8843689.52                                |
| Month 3  | $7354220.01              | $21890184.67                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Alphabet Inc                              | Alphabet Inc                                  | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    154991 | NS      | $15723836.95  | 3.74%             |  |  |  | No            | 1                  | On Loan: No      |
| Amazon.com Inc                            | Amazon.com Inc                                | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    195527 | NS      | $18876176.58  | 4.49%             |  |  |  | No            | 1                  | On Loan: No      |
| American Tower Corp                       | American Tower Corp                           | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     38560 | NS      | $8531400.00   | 2.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Atlassian Corp                            | Atlassian Corp                                | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |     80430 | NS      | $10580566.50  | 2.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Axon Enterprise Inc                       | Axon Enterprise Inc                           | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |     88554 | NS      | $16296592.62  | 3.87%             |  |  |  | No            | 1                  | On Loan: —       |
| Brookfield Asset Management In            | Brookfield Asset Management Inc               | CUSIP: 112585104<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |    254623 | NS      | $12005474.45  | 2.85%             |  |  |  | No            | 1                  | On Loan: No      |
| Canadian National Railway Co              | Canadian National Railway Co                  | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |     69462 | NS      | $8921004.66   | 2.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Comcast Corp                              | Comcast Corp                                  | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    201075 | NS      | $7367388.00   | 1.75%             |  |  |  | No            | 1                  | On Loan: No      |
| Costco Wholesale Corp                     | Costco Wholesale Corp                         | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     19751 | NS      | $10650726.75  | 2.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Equinix Inc                               | Equinix Inc                                   | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |     17125 | NS      | $11827381.25  | 2.81%             |  |  |  | No            | 1                  | On Loan: No      |
| Everbridge Inc                            | Everbridge Inc                                | CUSIP: 29978A104<br>LEI: 549300WCY0UMR64ATW81 | Long             | EC               | CORP              | US        |     97170 | NS      | $3171628.80   | 0.75%             |  |  |  | No            | 1                  | On Loan: No      |
| Fastenal Co                               | Fastenal Co                                   | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |    156852 | NS      | $8079446.52   | 1.92%             |  |  |  | No            | 1                  | On Loan: No      |
| HDFC Bank Ltd                             | HDFC Bank Ltd                                 | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |    180340 | NS      | $12726593.80  | 3.02%             |  |  |  | No            | 1                  | On Loan: —       |
| Jones Lang LaSalle Inc                    | Jones Lang LaSalle Inc                        | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |     31328 | NS      | $5268429.76   | 1.25%             |  |  |  | No            | 1                  | On Loan: —       |
| Mastercard Inc                            | Mastercard Inc                                | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     73580 | NS      | $26223912.00  | 6.23%             |  |  |  | No            | 1                  | On Loan: No      |
| MercadoLibre Inc                          | MercadoLibre Inc                              | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |     12317 | NS      | $11466942.25  | 2.72%             |  |  |  | No            | 1                  | On Loan: No      |
| FANUC Corp                                | FANUC Corp                                    | CUSIP: N/A<br>LEI: 529900QTSW745LOKW705       | Long             | EC               | CORP              | JP        |     13700 | NS      | $2020425.09   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| ICTSI                                     | International Container Terminal Services Inc | CUSIP: N/A<br>LEI: 254900FU1MWK0I0Q4J61       | Long             | EC               | CORP              | PH        |   4318971 | NS      | $15653979.05  | 3.72%             |  |  |  | No            | 1                  | On Loan: No      |
| Paycom Software Inc                       | Paycom Software Inc                           | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |     31710 | NS      | $10752861.00  | 2.56%             |  |  |  | No            | 1                  | On Loan: No      |
| PayPal Holdings Inc                       | PayPal Holdings Inc                           | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     75250 | NS      | $5900352.50   | 1.40%             |  |  |  | No            | 1                  | On Loan: No      |
| ResMed Inc                                | ResMed Inc                                    | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |     27400 | NS      | $6307480.00   | 1.50%             |  |  |  | No            | 1                  | On Loan: No      |
| SBA Communications Corp                   | SBA Communications Corp                       | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |     30440 | NS      | $9110692.00   | 2.17%             |  |  |  | No            | 1                  | On Loan: No      |
| SVB Financial Group                       | SVB Financial Group                           | CUSIP: 78486Q101<br>LEI: 549300D2KJ20JMXE7542 | Long             | EC               | CORP              | US        |      8316 | NS      | $1927482.48   | 0.46%             |  |  |  | No            | 1                  | On Loan: —       |
| Salesforce Inc                            | Salesforce Inc                                | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     49208 | NS      | $7885582.00   | 1.87%             |  |  |  | No            | 1                  | On Loan: No      |
| Signature Bank/New York NY                | Signature Bank/New York NY                    | CUSIP: 82669G104<br>LEI: VLP5AP0XK2GM6GKD1007 | Long             | EC               | CORP              | US        |     50782 | NS      | $7084089.00   | 1.68%             |  |  |  | No            | 1                  | On Loan: No      |
| Splunk Inc                                | Splunk Inc                                    | CUSIP: 848637104<br>LEI: 549300XGDSGBP6UEI867 | Long             | EC               | CORP              | US        |     44525 | NS      | $3458702.00   | 0.82%             |  |  |  | No            | 1                  | On Loan: No      |
| Starbucks Corp                            | Starbucks Corp                                | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |    132690 | NS      | $13560918.00  | 3.22%             |  |  |  | No            | 1                  | On Loan: No      |
| TSMC                                      | Taiwan Semiconductor Manufacturing Co Ltd     | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    157335 | NS      | $13055658.30  | 3.10%             |  |  |  | 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        |  12976208 | NS      | $12976208.34  | 3.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Waste Connections Inc                     | Waste Connections Inc                         | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | US        |    132690 | NS      | $19173705.00  | 4.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Watsco Inc                                | Watsco Inc                                    | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               | CORP              | US        |     62247 | NS      | $16743198.06  | 3.98%             |  |  |  | No            | 1                  | On Loan: —       |
| Yum China Holdings Inc                    | Yum China Holdings Inc                        | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | CN        |    264910 | NS      | $14601839.20  | 3.47%             |  |  |  | No            | 1                  | On Loan: —       |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  33098789 | NS      | $33098788.75  | 7.87%             |  |  |  | No            | N/A                | On Loan: No      |
| System1 Group PLC                         | System1 Group PLC                             | CUSIP: N/A<br>LEI: 213800TDLR42C3Q9ZB74       | Long             | EC               | CORP              | GB        |    551850 | NS      | $964423.89    | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Safaricom PLC                             | Safaricom PLC                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KE        |   4000000 | NS      | $795426.70    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| NMC Health PLC                            | NMC Health PLC                                | CUSIP: G65836101<br>LEI: 2138008YQEVWBE1V2M52 | Long             | EC               | CORP              | AE        |    485482 | NS      | $11702.59     | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Bank of Georgia Group PLC                 | Bank of Georgia Group PLC                     | CUSIP: N/A<br>LEI: 213800XKDG12NQG8VC53       | Long             | EC               | CORP              | GE        |    250812 | NS      | $7647997.59   | 1.82%             |  |  |  | No            | 1                  | On Loan: No      |
| Georgia Capital PLC                       | Georgia Capital PLC                           | CUSIP: N/A<br>LEI: 213800Q65T5GNBOW7H65       | Long             | EC               | CORP              | GE        |    265967 | NS      | $2420213.15   | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Universal Music Group NV                  | Universal Music Group NV                      | CUSIP: N/A<br>LEI: 724500GJBUL3D9TW9Y18       | Long             | EC               | CORP              | NL        |    453852 | NS      | $10626308.56  | 2.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Cellnex Telecom SA                        | Cellnex Telecom SA                            | CUSIP: N/A<br>LEI: 5493008T4YG3AQUI7P67       | Long             | EC               | CORP              | ES        |    402120 | NS      | $13641399.40  | 3.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Aon PLC                                   | Aon PLC                                       | CUSIP: N/A<br>LEI: 635400FALWQYX5E6QC64       | Long             | EC               | CORP              | US        |     36922 | NS      | $11382314.16  | 2.70%             |  |  |  | No            | 1                  | On Loan: No      |
| ICON PLC                                  | ICON PLC                                      | CUSIP: N/A<br>LEI: 6354008SRQGEMC4XFI67       | Long             | EC               | CORP              | IE        |     68500 | NS      | $14757640.00  | 3.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Medtronic PLC                             | Medtronic PLC                                 | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |    126021 | NS      | $9960699.84   | 2.37%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2023-01-24

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

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

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

**Title:** CFO COO Treasurer