# EDGAR Filing Document

**Accession Number:** 0000831114
**File Stem:** 0001145549-25-049623
**Filing Date:** 2025-7
**Character Count:** 57012
**Document Hash:** 4e0fa623dd4d0ecc5aba9dc8bae837a7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-049623.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001145549-25-049623

**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:** 251159505

**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

### WPG Partners Select Hedged Fund (Series ID: S000084877)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000249499 | Institutional | WPGHX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **WPG Partners Select Hedged Fund** | **WPG Partners Select Hedged Fund** | **WPG Partners Select Hedged Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 93.4%** | **Shares** | **Value**  |
| **Communication Services - 4.6%** | **Communication Services - 4.6%** | |
| Cars.com, Inc. <sup>(a)(b)</sup> | 15089 | $154662 |
| Vimeo, Inc. <sup>(a)(b)</sup> | 103362 | 450659 |
| Vivid Seats, Inc. - Class A <sup>(a)(b)</sup> | 77993 | 121669 |
|  |  | 726990 |
| **Consumer Discretionary - 10.9%** | **Consumer Discretionary - 10.9%** |  |
| Bath & Body Works, Inc. <sup>(b)</sup> | 4367 | 122800 |
| Denny's Corp. <sup>(a)(b)</sup> | 59089 | 225720 |
| Gildan Activewear, Inc. <sup>(b)</sup> | 6063 | 282536 |
| Holley, Inc. <sup>(a)(b)</sup> | 60799 | 117950 |
| Matthews International Corp. - Class A <sup>(b)</sup> | 12511 | 268361 |
| National Vision Holdings, Inc. <sup>(a)(b)</sup> | 17748 | 351588 |
| Tri Pointe Homes, Inc. <sup>(a)(b)</sup> | 12527 | 369296 |
|  |  | 1738251 |
| **Consumer Staples - 0.5%** | **Consumer Staples - 0.5%** |  |
| Grocery Outlet Holding Corp. <sup>(a)(b)</sup> | 5411 | 73481 |
| **Energy - 4.4%** | **Energy - 4.4%** |  |
| BKV Corp. <sup>(a)(b)</sup> | 16378 | 352127 |
| Expro Group Holdings NV <sup>(a)(b)</sup> | 20272 | 168663 |
| Viper Energy, Inc. | 4779 | 189679 |
|  |  | 710469 |
| **Financials - 15.1%** | **Financials - 15.1%** |  |
| BGC Group, Inc. - Class A <sup>(b)</sup> | 61443 | 570191 |
| Kemper Corp. <sup>(b)</sup> | 10382 | 661645 |
| National Bank Holdings Corp. - Class A <sup>(b)</sup> | 6205 | 224311 |
| Perella Weinberg Partners <sup>(b)</sup> | 8644 | 150146 |
| Prosperity Bancshares, Inc. <sup>(b)</sup> | 7530 | 524464 |
| Webster Financial Corp. <sup>(b)</sup> | 5499 | 283089 |
|  |  | 2413846 |
| **Health Care - 9.5%** | **Health Care - 9.5%** |  |
| Enovis Corp. <sup>(a)(b)</sup> | 19476 | 609599 |
| Innoviva, Inc. <sup>(a)(b)</sup> | 14991 | 293374 |
| Teleflex, Inc. <sup>(b)</sup> | 5058 | 618441 |
|  |  | 1521414 |
| **Industrials - 18.0%** | **Industrials - 18.0%** |  |
| Air Lease Corp. <sup>(b)</sup> | 8457 | 487208 |
| BrightView Holdings, Inc. <sup>(a)(b)</sup> | 15596 | 242986 |
| Custom Truck One Source, Inc. <sup>(a)(b)</sup> | 82757 | 355855 |
| Ferroglobe PLC <sup>(b)</sup> | 13885 | 50402 |
| Matrix Service Co. <sup>(a)(b)</sup> | 12173 | 148754 |
| Maximus, Inc. | 2765 | 200490 |
| MYR Group, Inc. <sup>(a)(b)</sup> | 2027 | 317935 |
| Proficient Auto Logistics, Inc. <sup>(a)(b)</sup> | 31327 | 252496 |
| TAT Technologies Ltd. <sup>(a)</sup> | 5506 | 143321 |
| TrueBlue, Inc. <sup>(a)</sup> | 7282 | 43692 |
| Tutor Perini Corp. <sup>(a)(b)</sup> | 17098 | 630574 |
|  |  | 2873713 |
| **Information Technology - 13.1%** | **Information Technology - 13.1%** |  |
| 8x8, Inc. <sup>(a)(b)</sup> | 120207 | 197139 |
| Alpha & Omega Semiconductor Ltd. <sup>(a)(b)</sup> | 18990 | 402968 |
| NCR Voyix Corp. <sup>(a)(b)</sup> | 46762 | 518591 |
| Silicon Motion Technology Corp. - ADR <sup>(b)</sup> | 9951 | 609001 |
| Teradata Corp. <sup>(a)</sup> | 9307 | 204382 |
| Tower Semiconductor Ltd. <sup>(a)(b)</sup> | 3902 | 153895 |
|  |  | 2085976 |
| **Materials - 8.4%** | **Materials - 8.4%** |  |
| Century Aluminum Co. <sup>(a)(b)</sup> | 19246 | 298121 |
| ERO Copper Corp. <sup>(a)(b)</sup> | 16443 | 232011 |
| Huntsman Corp. | 19636 | 218745 |
| Kronos Worldwide, Inc. <sup>(b)</sup> | 38062 | 240932 |
| Mosaic Co. | 4864 | 175785 |
| thyssenkrupp AG | 17240 | 167888 |
|  |  | 1333482 |
| **Real Estate - 6.3%** | **Real Estate - 6.3%** |  |
| Brixmor Property Group, Inc. <sup>(b)</sup> | 9634 | 244800 |
| Broadstone Net Lease, Inc. <sup>(b)</sup> | 28359 | 451191 |
| Newmark Group, Inc. - Class A <sup>(b)</sup> | 27670 | 304647 |
|  |  | 1000638 |
| **Utilities - 2.6%** | **Utilities - 2.6%** |  |
| Portland General Electric Co. <sup>(b)</sup> | 9926 | 420862 |
| **TOTAL COMMON STOCKS** (Cost $14,740,357) | **TOTAL COMMON STOCKS** (Cost $14,740,357) | 14899122 |
| **SHORT-TERM INVESTMENTS - 0.0%<sup>(c)</sup>** |  | **Value**  |
| **Money Market Funds - 0.0%<sup>(c)</sup>** | **<u>Shares</u>** |  |
| BlackRock Liquidity Funds Treasury Trust Fund Portfolio - Class Institutional, 4.18% <sup>(b)(d)</sup> | 379 | 379 |
| Federated Hermes U.S. Treasury Cash Reserves - Class Institutional, 4.09% <sup>(b)(d)</sup> | 379 | 379 |
| Fidelity Treasury Portfolio - Class I, 4.19% <sup>(b)(d)</sup> | 379 | 379 |
| Goldman Sachs Financial Square Funds - Treasury Instruments Fund - Class Institutional, 4.15% <sup>(b)(d)</sup> | 379 | 379 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $1,516) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $1,516) | 1516 |
| **TOTAL INVESTMENTS - 93.4% (**Cost $14,741,873**)** | **TOTAL INVESTMENTS - 93.4% (**Cost $14,741,873**)** | 14900638 |
| Other Assets in Excess of Liabilities - 6.6% | Other Assets in Excess of Liabilities - 6.6% | 1058158 |
| **TOTAL NET ASSETS - 100.0%** |  | $15958796 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |
| The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |
| More narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting purposes. | More narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting purposes. | More narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting purposes. |

---

ADR - American Depositary Receipt <br> PLC - Public Limited Company

(a) Non-income producing security.

(b) All or a portion of security has been pledged as collateral for securities sold short. The fair value of assets committed as collateral as of May 31, 2025 is $12,927,726.

(c) Represents less than 0.05% of net assets.

(d) The rate shown represents the 7-day annualized effective yield as of May 31, 2025.

---

| | | |
|:---|:---|:---|
| **WPG Partners Select Hedged Fund** | **WPG Partners Select Hedged Fund** | **WPG Partners Select Hedged Fund** |
| **Schedule of Securities Sold Short** | **Schedule of Securities Sold Short** | **Schedule of Securities Sold Short** |
| **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** |
| **COMMON STOCKS** - **(64.3)%** | **Shares** | **Value** |
| **Communication Services - (0.3)%** | **Communication Services - (0.3)%** | |
| AST SpaceMobile, Inc. | (2313) | $(53361) |
| **Consumer Discretionary - (12.7)%** | **Consumer Discretionary - (12.7)%** |  |
| Brinker International, Inc. | (1089) | (187994) |
| Five Below, Inc. | (1848) | (215421) |
| Frontdoor, Inc. | (3061) | (168386) |
| Garmin Ltd. | (966) | (196069) |
| Green Brick Partners, Inc. | (3361) | (196450) |
| Light & Wonder, Inc. | (981) | (88408) |
| Lululemon Athletica, Inc. | (1033) | (327120) |
| Modine Manufacturing Co. | (897) | (81448) |
| Restaurant Brands International, Inc. | (2440) | (174240) |
| RH | (428) | (77515) |
| Stride, Inc. | (1098) | (166226) |
| Williams-Sonoma, Inc. | (956) | (154643) |
|  |  | (2033920) |
| **Consumer Staples - (3.1)%** | **Consumer Staples - (3.1)%** |  |
| Hershey Co. | (100) | (16069) |
| J & J Snack Foods Corp. | (689) | (79352) |
| Natural Grocers by Vitamin Cottage, Inc. | (3029) | (147906) |
| Sprouts Farmers Market, Inc. | (1488) | (257216) |
|  |  | (500543) |
| **Energy - (3.2)%** | **Energy - (3.2)%** |  |
| Comstock Resources, Inc. | (5214) | (121486) |
| Texas Pacific Land Corp. | (348) | (387683) |
|  |  | (509169) |
| **Financials - (14.6)%** | **Financials - (14.6)%** |  |
| Arch Capital Group Ltd. | (3655) | (347371) |
| Atlanticus Holdings Corp. | (2270) | (111343) |
| Axos Financial, Inc. | (4343) | (302012) |
| CME Group, Inc. | (100) | (28900) |
| Federal National Mortgage Association | (20696) | (217929) |
| Fifth Third Bancorp | (11629) | (444111) |
| Moelis & Co. - Class A | (3042) | (173729) |
| Radian Group, Inc. | (12146) | (414786) |
| Victory Capital Holdings, Inc. - Class A | (4673) | (289773) |
|  |  | (2329954) |
| **Health Care - (4.3)%** | **Health Care - (4.3)%** |  |
| CVS Health Corp. | (1940) | (124238) |
| Fortrea Holdings, Inc. | (75140) | (323102) |
| Integer Holdings Corp. | (1004) | (119235) |
| Integra LifeSciences Holdings Corp. | (9235) | (116915) |
| Owens & Minor, Inc. | (74) | (488) |
|  |  | (683978) |
| **Industrials - (11.3)%** | **Industrials - (11.3)%** |  |
| ArcBest Corp. | (3268) | (204871) |
| Carrier Global Corp. | (2012) | (143255) |
| Hillenbrand, Inc. | (13995) | (273462) |
| Joby Aviation, Inc. | (23809) | (186186) |
| Loar Holdings, Inc. | (490) | (42655) |
| Matson, Inc. | (819) | (92424) |
| REV Group, Inc. | (2267) | (84990) |
| TriNet Group, Inc. | (4585) | (381518) |
| United Airlines Holdings, Inc. | (3895) | (309438) |
| Willis Lease Finance Corp. | (568) | (76305) |
|  |  | (1795104) |
| **Information Technology - (10.2)%** | **Information Technology - (10.2)%** |  |
| Benchmark Electronics, Inc. | (2972) | (108538) |
| DigitalOcean Holdings, Inc. | (2680) | (75844) |
| Fabrinet | (551) | (128311) |
| Ingram Micro Holding Corp. | (12124) | (231932) |
| Nova Ltd. | (1250) | (267025) |
| PAR Technology Corp. | (2770) | (181601) |
| Rigetti Computing, Inc. | (15839) | (191810) |
| RingCentral, Inc. - Class A | (7936) | (205781) |
| Synopsys, Inc. | (510) | (236630) |
|  |  | (1627472) |
| **Materials - (2.4)%** | **Materials - (2.4)%** |  |
| Carpenter Technology Corp. | (1146) | (269310) |
| United States Lime & Minerals, Inc. | (1135) | (116655) |
|  |  | (385965) |
| **Real Estate - (2.2)%** | **Real Estate - (2.2)%** |  |
| Iron Mountain, Inc. | (3472) | (342721) |
| **TOTAL COMMON STOCKS** (Proceeds $10,161,096) | **TOTAL COMMON STOCKS** (Proceeds $10,161,096) | (10262187) |
| **TOTAL SECURITIES SOLD SHORT - (64.3)%** (Proceeds $10,161,096) |  | $(10262187) |
| Percentages are stated as a percent of net assets. |  |  |
| The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |

---

------

#### <br>

#### Summary of Fair Value Disclosure as of May 31, 2025 (Unaudited)
WPG Partners Select Hedged 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>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $14731234 | $167888 | $– | $14899122 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 1516 | – | – | 1516 |
| Total Investments | $14732750 | $167888 | $– | $14900638 |
| **Liabilities:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $(10262187) | $– | $– | $(10262187) |
| Total Investments | $(10262187) | $– | $– | $(10262187) |
| 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:** WPG Partners Select Hedged Fund

- **b. EDGAR series identifier (if any):** S000084877

- **c. LEI of Series:** 52990072PAQR9WWHYG06

**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:** $26148177.04

**Total Liabilities:** $10326188.96

**Net Assets:** $15821988.08

**Cash Not Reported:** $10353588.50

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000249499 | -4.55%               | -6.49%               | 1.27%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $989814.97               | $-2422866.31                               |
| Month 2  | $-2534378.43             | $578158.21                                 |
| Month 3  | $-261112.38              | $436363.96                                 |

**Designated Index Information**

- **Index Name:** Russell 2000 Value Index

- **Index Identifier:** RUJ

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Loar Holdings Inc                      | Loar Holdings Inc                                                | CUSIP: 53947R105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -490 | NS      | $-42654.50    | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc                | Lululemon Athletica Inc                                          | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Short            | EC               | CORP              | CA        |     -1033 | NS      | $-327120.11   | -2.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Matrix Service Co                      | Matrix Service Co                                                | CUSIP: 576853105<br>LEI: 529900VYBKSX6HD2YW58 | Long             | EC               | CORP              | US        |     12173 | NS      | $148754.06    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Rigetti Computing Inc                  | Rigetti Computing Inc                                            | CUSIP: 76655K103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -15839 | NS      | $-191810.29   | -1.21%            |  |  |  | No            |                  1 | On Loan: No      |
| RingCentral Inc                        | RingCentral Inc                                                  | CUSIP: 76680R206<br>LEI: 549300C8EH0H1614VE84 | Short            | EC               | CORP              | US        |     -7936 | NS      | $-205780.48   | -1.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Light & Wonder Inc                     | Light & Wonder Inc                                               | CUSIP: 80874P109<br>LEI: 529900JXALYBOHXKFM62 | Short            | EC               | CORP              | US        |      -981 | NS      | $-88407.72    | -0.56%            |  |  |  | No            |                  1 | On Loan: No      |
| Silicon Motion Technology Corp         | Silicon Motion Technology Corp                                   | CUSIP: 82706C108<br>LEI: 5299005RBVBZQJTYFC89 | Long             | EC               | CORP              | TW        |     10395 | NS      | $636174.00    | 4.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Market Inc             | Sprouts Farmers Market Inc                                       | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Short            | EC               | CORP              | US        |     -1488 | NS      | $-257215.68   | -1.63%            |  |  |  | No            |                  1 | On Loan: No      |
| Atlanticus Holdings Corp               | Atlanticus Holdings Corp                                         | CUSIP: 04914Y102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -2270 | NS      | $-111343.50   | -0.70%            |  |  |  | No            |                  1 | On Loan: No      |
| Axos Financial Inc                     | Axos Financial Inc                                               | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Short            | EC               | CORP              | US        |     -4343 | NS      | $-302012.22   | -1.91%            |  |  |  | No            |                  1 | On Loan: No      |
| BKV Corp                               | BKV Corp                                                         | CUSIP: 05603J108<br>LEI: 549300S3T4Z01TRFU656 | Long             | EC               | CORP              | US        |     16378 | NS      | $352127.00    | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works Inc                  | Bath & Body Works Inc                                            | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |      4367 | NS      | $122800.04    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Benchmark Electronics Inc              | Benchmark Electronics Inc                                        | CUSIP: 08160H101<br>LEI: 549300W18RHYZOZKOP53 | Short            | EC               | CORP              | US        |     -2972 | NS      | $-108537.44   | -0.69%            |  |  |  | No            |                  1 | On Loan: No      |
| BGC Group Inc                          | BGC Group Inc                                                    | CUSIP: 088929104<br>LEI: 2549001IGRCG4F0RLD36 | Long             | EC               | CORP              | US        |     61443 | NS      | $570191.04    | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds Trea         | BlackRock Liquidity Funds Treasury Trust Fund Portfolio          | CUSIP: 09248U551<br>LEI: 549300U5PI8CHFJM7202 | Long             | STIV             | RF                | US        |       268 | NS      | $268.49       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BrightView Holdings Inc                | BrightView Holdings Inc                                          | CUSIP: 10948C107<br>LEI: 549300F8QN8YHVI7L866 | Long             | EC               | CORP              | US        |     15596 | NS      | $242985.68    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Brinker International Inc              | Brinker International Inc                                        | CUSIP: 109641100<br>LEI: 52990067JY6PBGJNTG76 | Short            | EC               | CORP              | US        |     -1089 | NS      | $-187994.07   | -1.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group Inc             | Brixmor Property Group Inc                                       | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |      9634 | NS      | $244799.94    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadstone Net Lease Inc               | Broadstone Net Lease Inc                                         | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |     28359 | NS      | $451191.69    | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                          | CME Group Inc                                                    | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Short            | EC               | CORP              | US        |      -100 | NS      | $-28900.00    | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corp              | Carpenter Technology Corp                                        | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Short            | EC               | CORP              | US        |     -1146 | NS      | $-269310.00   | -1.70%            |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corp                    | Carrier Global Corp                                              | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Short            | EC               | CORP              | US        |     -2012 | NS      | $-143254.40   | -0.91%            |  |  |  | No            |                  1 | On Loan: No      |
| Cars.com Inc                           | Cars.com Inc                                                     | CUSIP: 14575E105<br>LEI: 5493002G6J07LNGX4M98 | Long             | EC               | CORP              | US        |     15089 | NS      | $154662.25    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Aluminum Co                    | Century Aluminum Co                                              | CUSIP: 156431108<br>LEI: 549300U5ODNGEYWKSW73 | Long             | EC               | CORP              | US        |     19246 | NS      | $298120.54    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Enovis Corp                            | Enovis Corp                                                      | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Long             | EC               | CORP              | US        |     19476 | NS      | $609598.80    | 3.85%             |  |  |  | No            |                  1 | On Loan: No      |
| DigitalOcean Holdings Inc              | DigitalOcean Holdings Inc                                        | CUSIP: 25402D102<br>LEI: 549300EPISPY3RE3DL21 | Short            | EC               | CORP              | US        |     -2680 | NS      | $-75844.00    | -0.48%            |  |  |  | No            |                  1 | On Loan: No      |
| ERO Copper Corp                        | ERO Copper Corp                                                  | CUSIP: 296006109<br>LEI: 549300KL8A21SEIO8I47 | Long             | EC               | CORP              | CA        |     16443 | NS      | $232010.73    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                             | Federal National Mortgage Association                            | CUSIP: 313586109<br>LEI: B1V7KEBTPIMZEU4LTD58 | Short            | EC               | CORP              | US        |    -20696 | NS      | $-217928.88   | -1.38%            |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Treasury Portfolio            | Fidelity Treasury Portfolio                                      | CUSIP: 316175504<br>LEI: N/A                  | Long             | STIV             | RF                | US        |       268 | NS      | $268.49       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                    | Fifth Third Bancorp                                              | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Short            | EC               | CORP              | US        |    -11629 | NS      | $-444111.51   | -2.81%            |  |  |  | No            |                  1 | On Loan: No      |
| Five Below Inc                         | Five Below Inc                                                   | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Short            | EC               | CORP              | US        |     -1848 | NS      | $-215421.36   | -1.36%            |  |  |  | No            |                  1 | On Loan: No      |
| Fortrea Holdings Inc                   | Fortrea Holdings Inc                                             | CUSIP: 34965K107<br>LEI: 5493000FIVFABOVCDU97 | Short            | EC               | CORP              | US        |    -75140 | NS      | $-323102.00   | -2.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Frontdoor Inc                          | Frontdoor Inc                                                    | CUSIP: 35905A109<br>LEI: 5493008RB0JZJI3QGZ06 | Short            | EC               | CORP              | US        |     -3061 | NS      | $-168385.61   | -1.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Gildan Activewear Inc                  | Gildan Activewear Inc                                            | CUSIP: 375916103<br>LEI: 549300SB3IBI34M00Z45 | Long             | EC               | CORP              | CA        |      6063 | NS      | $282535.80    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Financial Square         | Goldman Sachs Financial Square Funds - Treasury Instruments Fund | CUSIP: 38142B500<br>LEI: 549300DAH6N80PM31E83 | Long             | STIV             | RF                | US        |       268 | NS      | $268.49       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Brick Partners Inc               | Green Brick Partners Inc                                         | CUSIP: 392709101<br>LEI: 549300R7SCIV7FQI6T56 | Short            | EC               | CORP              | US        |     -3361 | NS      | $-196450.45   | -1.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Grocery Outlet Holding Corp            | Grocery Outlet Holding Corp                                      | CUSIP: 39874R101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5411 | NS      | $73481.38     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co/The                         | Hershey Co/The                                                   | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Short            | EC               | CORP              | US        |      -100 | NS      | $-16069.00    | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Hillenbrand Inc                        | Hillenbrand Inc                                                  | CUSIP: 431571108<br>LEI: U246OE781574J2BUD366 | Short            | EC               | CORP              | US        |    -13995 | NS      | $-273462.30   | -1.73%            |  |  |  | No            |                  1 | On Loan: No      |
| Holley Inc                             | Holley Inc                                                       | CUSIP: 43538H103<br>LEI: 254900EEM9JI9G1A4D88 | Long             | EC               | CORP              | US        |     60799 | NS      | $117950.06    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntsman Corp                          | Huntsman Corp                                                    | CUSIP: 447011107<br>LEI: 5299000V56320A7RIQ67 | Long             | EC               | CORP              | US        |     19636 | NS      | $218745.04    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingram Micro Holding Corp              | Ingram Micro Holding Corp                                        | CUSIP: 457152106<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -12124 | NS      | $-231932.12   | -1.47%            |  |  |  | No            |                  1 | On Loan: No      |
| Innoviva Inc                           | Innoviva Inc                                                     | CUSIP: 45781M101<br>LEI: 549300ACOX4QTBES6535 | Long             | EC               | CORP              | US        |     14991 | NS      | $293373.87    | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Integer Holdings Corp                  | Integer Holdings Corp                                            | CUSIP: 45826H109<br>LEI: 549300SUD2ED5XG6X569 | Short            | EC               | CORP              | US        |     -1004 | NS      | $-119235.04   | -0.75%            |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes US Treasury C         | Federated Hermes US Treasury Cash Reserves                       | CUSIP: 60934N682<br>LEI: 25490003NTA1P9CI5X97 | Long             | STIV             | RF                | US        |       268 | NS      | $268.49       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                               | Fabrinet                                                         | CUSIP: N/A<br>LEI: 5493004TETZ6IYF7CV44       | Short            | EC               | CORP              | TH        |      -551 | NS      | $-128311.37   | -0.81%            |  |  |  | No            |                  1 | On Loan: No      |
| Ferroglobe PLC                         | Ferroglobe PLC                                                   | CUSIP: N/A<br>LEI: 2138005GCFJACFTZUD90       | Long             | EC               | CORP              | GB        |     20678 | NS      | $75061.14     | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd                             | Garmin Ltd                                                       | CUSIP: N/A<br>LEI: 2549001E0HIPIJQ0W046       | Short            | EC               | CORP              | CH        |      -966 | NS      | $-196069.02   | -1.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Expro Group Holdings NV                | Expro Group Holdings NV                                          | CUSIP: N/A<br>LEI: 724500LJYA8QIT73H017       | Long             | EC               | CORP              | US        |     20272 | NS      | $168663.04    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| thyssenkrupp AG                        | thyssenkrupp AG                                                  | CUSIP: N/A<br>LEI: 549300UDG16DOYUPR330       | Long             | EC               | CORP              | DE        |     17240 | NS      | $167888.33    | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| REV Group Inc                          | REV Group Inc                                                    | CUSIP: 749527107<br>LEI: 549300SRD0SIG5ZZ3X20 | Short            | EC               | CORP              | US        |     -2267 | NS      | $-84989.83    | -0.54%            |  |  |  | No            |                  1 | On Loan: No      |
| RH                                     | RH                                                               | CUSIP: 74967X103<br>LEI: 5493008MTS3OGGMHGK69 | Short            | EC               | CORP              | US        |      -428 | NS      | $-77515.08    | -0.49%            |  |  |  | No            |                  1 | On Loan: No      |
| Radian Group Inc                       | Radian Group Inc                                                 | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Short            | EC               | CORP              | US        |    -12146 | NS      | $-414785.90   | -2.62%            |  |  |  | No            |                  1 | On Loan: No      |
| Restaurant Brands Internationa         | Restaurant Brands International Inc                              | CUSIP: 76131D103<br>LEI: 5299009RXTX9DN9AKJ98 | Short            | EC               | CORP              | CA        |     -2440 | NS      | $-174240.40   | -1.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Tri Pointe Homes Inc                   | Tri Pointe Homes Inc                                             | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12527 | NS      | $369295.96    | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corp                | Texas Pacific Land Corp                                          | CUSIP: 88262P102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |      -348 | NS      | $-387682.44   | -2.45%            |  |  |  | No            |                  1 | On Loan: No      |
| TriNet Group Inc                       | TriNet Group Inc                                                 | CUSIP: 896288107<br>LEI: 5299003FJVBETSFKE990 | Short            | EC               | CORP              | US        |     -4585 | NS      | $-381517.85   | -2.41%            |  |  |  | No            |                  1 | On Loan: No      |
| TrueBlue Inc                           | TrueBlue Inc                                                     | CUSIP: 89785X101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6951 | NS      | $41706.00     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                        | CVS Health Corp                                                  | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Short            | EC               | CORP              | US        |     -1940 | NS      | $-124237.60   | -0.79%            |  |  |  | No            |                  1 | On Loan: No      |
| Comstock Resources Inc                 | Comstock Resources Inc                                           | CUSIP: 205768302<br>LEI: I03QQGEA4SS774AURI46 | Short            | EC               | CORP              | US        |     -5214 | NS      | $-121486.20   | -0.77%            |  |  |  | No            |                  1 | On Loan: No      |
| Custom Truck One Source Inc            | Custom Truck One Source Inc                                      | CUSIP: 23204X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     82757 | NS      | $355855.10    | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Denny's Corp                           | Denny's Corp                                                     | CUSIP: 24869P104<br>LEI: 54930037V56XOULXM917 | Long             | EC               | CORP              | US        |     59089 | NS      | $225719.98    | 1.43%             |  |  |  | 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        |    929475 | NS      | $929474.74    | 5.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Tutor Perini Corp                      | Tutor Perini Corp                                                | CUSIP: 901109108<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | EC               | CORP              | US        |     17098 | NS      | $630574.24    | 3.99%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Holdings Inc           | United Airlines Holdings Inc                                     | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Short            | EC               | CORP              | US        |     -3895 | NS      | $-309438.28   | -1.96%            |  |  |  | No            |                  1 | On Loan: No      |
| Tower Semiconductor Ltd                | Tower Semiconductor Ltd                                          | CUSIP: N/A<br>LEI: 54930086ZSNXZOUX0C54       | Long             | EC               | CORP              | IL        |      3902 | NS      | $153894.88    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp                 | Webster Financial Corp                                           | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |      5499 | NS      | $283088.52    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma Inc                    | Williams-Sonoma Inc                                              | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Short            | EC               | CORP              | US        |      -956 | NS      | $-154642.56   | -0.98%            |  |  |  | No            |                  1 | On Loan: No      |
| Willis Lease Finance Corp              | Willis Lease Finance Corp                                        | CUSIP: 970646105<br>LEI: 54930023EP1OE5MKWF89 | Short            | EC               | CORP              | US        |      -568 | NS      | $-76305.12    | -0.48%            |  |  |  | No            |                  1 | On Loan: No      |
| AST SpaceMobile Inc                    | AST SpaceMobile Inc                                              | CUSIP: 00217D100<br>LEI: 254900MBSC9P2UCI6623 | Short            | EC               | CORP              | US        |     -2313 | NS      | $-53360.91    | -0.34%            |  |  |  | No            |                  1 | On Loan: No      |
| Air Lease Corp                         | Air Lease Corp                                                   | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               | CORP              | US        |      8457 | NS      | $487207.77    | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcBest Corp                           | ArcBest Corp                                                     | CUSIP: 03937C105<br>LEI: 5493006S3KBNE8ZS3J23 | Short            | EC               | CORP              | US        |     -3268 | NS      | $-204870.92   | -1.29%            |  |  |  | No            |                  1 | On Loan: No      |
| 8x8 Inc                                | 8x8 Inc                                                          | CUSIP: 282914100<br>LEI: 254900XWSOC5U1BRW939 | Long             | EC               | CORP              | US        |    120207 | NS      | $197139.48    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| J & J Snack Foods Corp                 | J & J Snack Foods Corp                                           | CUSIP: 466032109<br>LEI: 894500IGP1Y2ZQFQMJ83 | Short            | EC               | CORP              | US        |      -689 | NS      | $-79352.13    | -0.50%            |  |  |  | No            |                  1 | On Loan: No      |
| Kemper Corp                            | Kemper Corp                                                      | CUSIP: 488401100<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EC               | CORP              | US        |     10382 | NS      | $661644.86    | 4.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Kronos Worldwide Inc                   | Kronos Worldwide Inc                                             | CUSIP: 50105F105<br>LEI: 549300OBZ34C65APL277 | Long             | EC               | CORP              | US        |     38062 | NS      | $240932.46    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| MYR Group Inc                          | MYR Group Inc                                                    | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |      2027 | NS      | $317934.95    | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson Inc                             | Matson Inc                                                       | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Short            | EC               | CORP              | US        |      -819 | NS      | $-92424.15    | -0.58%            |  |  |  | No            |                  1 | On Loan: No      |
| Matthews International Corp            | Matthews International Corp                                      | CUSIP: 577128101<br>LEI: 549300ZVC5O0ATML6U61 | Long             | EC               | CORP              | US        |     12511 | NS      | $268360.95    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Maximus Inc                            | Maximus Inc                                                      | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               | CORP              | US        |      2765 | NS      | $200490.15    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co                | Modine Manufacturing Co                                          | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Short            | EC               | CORP              | US        |      -897 | NS      | $-81447.60    | -0.51%            |  |  |  | No            |                  1 | On Loan: No      |
| Moelis & Co                            | Moelis & Co                                                      | CUSIP: 60786M105<br>LEI: 549300891QNU7VTQUR83 | Short            | EC               | CORP              | US        |     -3042 | NS      | $-173728.62   | -1.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Mosaic Co/The                          | Mosaic Co/The                                                    | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |      4864 | NS      | $175784.96    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Voyix Corp                         | NCR Voyix Corp                                                   | CUSIP: 62886E108<br>LEI: 549300YKTY8JX1DV2R67 | Long             | EC               | CORP              | US        |     46762 | NS      | $518590.58    | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank Holdings Corp            | National Bank Holdings Corp                                      | CUSIP: 633707104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6205 | NS      | $224310.75    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| National Vision Holdings Inc           | National Vision Holdings Inc                                     | CUSIP: 63845R107<br>LEI: 549300JHURCBLI5ROA42 | Long             | EC               | CORP              | US        |     17748 | NS      | $351587.88    | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Natural Grocers by Vitamin Cot         | Natural Grocers by Vitamin Cottage Inc                           | CUSIP: 63888U108<br>LEI: 529900P4OTXDGBUS3O87 | Short            | EC               | CORP              | US        |     -3029 | NS      | $-147906.07   | -0.93%            |  |  |  | No            |                  1 | On Loan: No      |
| Newmark Group Inc                      | Newmark Group Inc                                                | CUSIP: 65158N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27670 | NS      | $304646.70    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens & Minor Inc                      | Owens & Minor Inc                                                | CUSIP: 690732102<br>LEI: 549300LMT5KQQXCEZ733 | Short            | EC               | CORP              | US        |       -74 | NS      | $-488.40      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| PAR Technology Corp                    | PAR Technology Corp                                              | CUSIP: 698884103<br>LEI: 549300HYPTHBJQINVG57 | Short            | EC               | CORP              | US        |     -2770 | NS      | $-181601.20   | -1.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Perella Weinberg Partners              | Perella Weinberg Partners                                        | CUSIP: 71367G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8644 | NS      | $150146.28    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Co           | Portland General Electric Co                                     | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |      9926 | NS      | $420862.40    | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Proficient Auto Logistics Inc          | Proficient Auto Logistics Inc                                    | CUSIP: 74317M104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31327 | NS      | $252495.62    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosperity Bancshares Inc              | Prosperity Bancshares Inc                                        | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7530 | NS      | $524464.50    | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd                 | Arch Capital Group Ltd                                           | CUSIP: N/A<br>LEI: 549300AYR4P8AFKDCE43       | Short            | EC               | CORP              | BM        |     -3655 | NS      | $-347371.20   | -2.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Alpha & Omega Semiconductor Lt         | Alpha & Omega Semiconductor Ltd                                  | CUSIP: N/A<br>LEI: 5493001FE7J03YOV2V35       | Long             | EC               | CORP              | US        |     18990 | NS      | $402967.80    | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Joby Aviation Inc                      | Joby Aviation Inc                                                | CUSIP: N/A<br>LEI: N/A                        | Short            | EC               | CORP              | US        |    -23809 | NS      | $-186186.38   | -1.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Nova Ltd                               | Nova Ltd                                                         | CUSIP: N/A<br>LEI: 529900B2DSWE5V3SC292       | Short            | EC               | CORP              | IL        |     -1250 | NS      | $-267025.00   | -1.69%            |  |  |  | No            |                  1 | On Loan: No      |
| Stride Inc                             | Stride Inc                                                       | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Short            | EC               | CORP              | US        |     -1098 | NS      | $-166226.22   | -1.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                           | Synopsys Inc                                                     | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Short            | EC               | CORP              | US        |      -510 | NS      | $-236629.80   | -1.50%            |  |  |  | No            |                  1 | On Loan: No      |
| Teleflex Inc                           | Teleflex Inc                                                     | CUSIP: 879369106<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | EC               | CORP              | US        |      5058 | NS      | $618441.66    | 3.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradata Corp                          | Teradata Corp                                                    | CUSIP: 88076W103<br>LEI: 549300JU9SOUHV4U4R71 | Long             | EC               | CORP              | US        |      9307 | NS      | $204381.72    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Integra LifeSciences Holdings          | Integra LifeSciences Holdings Corp                               | CUSIP: 457985208<br>LEI: WB7IJCYY8YFTENS4O147 | Short            | EC               | CORP              | US        |     -9235 | NS      | $-116915.10   | -0.74%            |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc                      | Iron Mountain Inc                                                | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Short            | EC               | CORP              | US        |     -3472 | NS      | $-342721.12   | -2.17%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Lime & Minerals          | United States Lime & Minerals Inc                                | CUSIP: 911922102<br>LEI: 549300VGDEEG8RT7VC89 | Short            | EC               | CORP              | US        |     -1135 | NS      | $-116655.30   | -0.74%            |  |  |  | No            |                  1 | On Loan: No      |
| Victory Capital Holdings Inc           | Victory Capital Holdings Inc                                     | CUSIP: 92645B103<br>LEI: 549300BN5LH2CIPPHS71 | Short            | EC               | CORP              | US        |     -4673 | NS      | $-289772.73   | -1.83%            |  |  |  | No            |                  1 | On Loan: No      |
| Vimeo Inc                              | Vimeo Inc                                                        | CUSIP: 92719V100<br>LEI: 25490061AWYWC90UIJ68 | Long             | EC               | CORP              | US        |    103362 | NS      | $450658.32    | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Viper Energy Inc                       | Viper Energy Inc                                                 | CUSIP: 927959106<br>LEI: 5299009LINL232255G03 | Long             | EC               | CORP              | US        |      4779 | NS      | $189678.51    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Vivid Seats Inc                        | Vivid Seats Inc                                                  | CUSIP: 92854T100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     77993 | NS      | $121669.08    | 0.77%             |  |  |  | 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