# EDGAR Filing Document

**Accession Number:** 0000831114
**File Stem:** 0001145549-25-049534
**Filing Date:** 2025-7
**Character Count:** 86385
**Document Hash:** 1d4d38353a528ede9ddd8473356f3d8e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-049534.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001145549-25-049534

**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:** 251159347

**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 Small Cap Core Fund (Series ID: S000001101)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000002991 | Class I Shares | BOGIX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **SGI Small Cap Core Fund** | **SGI Small Cap Core Fund** | **SGI Small Cap Core Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 97.4%** | **Shares** | **Value**  |
| **Agriculture - 0.1%** | **Agriculture - 0.1%** | |
| Andersons, Inc. | 2791 | $99108 |
| **Airlines - 1.0%** | **Airlines - 1.0%** |  |
| SkyWest, Inc. <sup>(a)</sup> | 10989 | 1114834 |
| **Apparel - 0.8%** | **Apparel - 0.8%** |  |
| Kontoor Brands, Inc. | 9131 | 626387 |
| Rocky Brands, Inc. | 10291 | 234120 |
|  |  | 860507 |
| **Banks - 9.8%** | **Banks - 9.8%** |  |
| Atlantic Union Bankshares Corp. | 12552 | 376811 |
| Banco Latinoamericano de Comercio Exterior SA | 14554 | 597005 |
| Business First Bancshares, Inc. | 15847 | 377000 |
| Capital Bancorp, Inc. | 5434 | 175518 |
| Carter Bankshares, Inc. <sup>(a)</sup> | 3578 | 58858 |
| Central Pacific Financial Corp. | 18885 | 504230 |
| Civista Bancshares, Inc. | 12746 | 287422 |
| FB Financial Corp. | 20128 | 878587 |
| First BanCorp | 42910 | 857342 |
| First Busey Corp. | 38822 | 858743 |
| First Business Financial Services, Inc. | 3853 | 187911 |
| Hanmi Financial Corp. | 7987 | 183062 |
| Horizon Bancorp, Inc. | 14223 | 211069 |
| International Bancshares Corp. | 5249 | 328745 |
| Northeast Bank | 8874 | 743908 |
| Northeast Community Bancorp, Inc. | 5614 | 126989 |
| OFG Bancorp | 14007 | 576248 |
| Popular, Inc. | 10549 | 1092138 |
| QCR Holdings, Inc. | 5954 | 400704 |
| SmartFinancial, Inc. | 4517 | 143550 |
| South Plains Financial, Inc. | 6933 | 249380 |
| Texas Capital Bancshares, Inc. <sup>(a)</sup> | 15736 | 1128114 |
| Third Coast Bancshares, Inc. <sup>(a)</sup> | 6561 | 201160 |
|  |  | 10544494 |
| **Biotechnology - 2.3%** | **Biotechnology - 2.3%** |  |
| ACADIA Pharmaceuticals, Inc. <sup>(a)</sup> | 23257 | 501654 |
| ADMA Biologics, Inc. <sup>(a)</sup> | 28086 | 557226 |
| ANI Pharmaceuticals, Inc. <sup>(a)</sup> | 1434 | 84205 |
| Krystal Biotech, Inc. <sup>(a)</sup> | 4717 | 594153 |
| Ligand Pharmaceuticals, Inc. <sup>(a)</sup> | 2875 | 293796 |
| Vericel Corp. <sup>(a)</sup> | 11110 | 458787 |
|  |  | 2489821 |
| **Building Materials - 4.1%** | **Building Materials - 4.1%** |  |
| Apogee Enterprises, Inc. | 7502 | 289952 |
| Armstrong World Industries, Inc. | 7017 | 1092056 |
| Gibraltar Industries, Inc. <sup>(a)</sup> | 17437 | 1021459 |
| Griffon Corp. | 14813 | 1018394 |
| LSI Industries, Inc. | 26307 | 428015 |
| Masterbrand, Inc. <sup>(a)</sup> | 55813 | 569293 |
|  |  | 4419169 |
| **Chemicals - 2.9%** | **Chemicals - 2.9%** |  |
| Balchem Corp. | 2732 | 455425 |
| Ingevity Corp. <sup>(a)</sup> | 12086 | 499998 |
| Intrepid Potash, Inc. <sup>(a)</sup> | 14215 | 536758 |
| Perimeter Solutions, Inc. <sup>(a)</sup> | 77913 | 940410 |
| Rayonier Advanced Materials, Inc. <sup>(a)</sup> | 16905 | 65084 |
| Rogers Corp. <sup>(a)</sup> | 8574 | 570771 |
|  |  | 3068446 |
| **Commercial Services - 6.8%** | **Commercial Services - 6.8%** |  |
| Adtalem Global Education, Inc. <sup>(a)</sup> | 5666 | 748082 |
| Brink's Co. | 6392 | 524528 |
| CPI Card Group, Inc. <sup>(a)</sup> | 4095 | 91155 |
| Graham Holdings Co. - Class B | 1178 | 1124295 |
| Grand Canyon Education, Inc. <sup>(a)</sup> | 3571 | 706504 |
| Herc Holdings, Inc. | 5819 | 721556 |
| Korn/Ferry International | 16570 | 1126926 |
| Rent-A-Center Inc. | 43437 | 996445 |
| Strategic Education, Inc. | 3693 | 336912 |
| Willdan Group, Inc. <sup>(a)</sup> | 17582 | 950307 |
|  |  | 7326710 |
| **Computers - 1.1%** | **Computers - 1.1%** |  |
| Tenable Holdings, Inc. <sup>(a)</sup> | 28863 | 929966 |
| Unisys Corp. <sup>(a)</sup> | 56777 | 270826 |
|  |  | 1200792 |
| **Cosmetics/Personal Care - 0.3%** | **Cosmetics/Personal Care - 0.3%** |  |
| Honest Co., Inc. <sup>(a)</sup> | 68162 | 342855 |
| **Distribution/Wholesale - 0.1%** | **Distribution/Wholesale - 0.1%** |  |
| Rush Enterprises, Inc. - Class B | 2235 | 116701 |
| **Diversified Financial Services - 2.2%** | **Diversified Financial Services - 2.2%** |  |
| Air Lease Corp. | 1647 | 94884 |
| Enova International, Inc. <sup>(a)</sup> | 12723 | 1179040 |
| Virtus Investment Partners, Inc. | 4366 | 745276 |
| XP, Inc. - Class A | 19279 | 373242 |
|  |  | 2392442 |
| **Electric - 3.1%** | **Electric - 3.1%** |  |
| Avista Corp. | 25245 | 972185 |
| Black Hills Corp. | 17996 | 1052226 |
| Clearway Energy, Inc. - Class A | 9198 | 265362 |
| MGE Energy, Inc. | 11613 | 1048886 |
|  |  | 3338659 |
| **Electrical Components & Equipment - 0.2%** | **Electrical Components & Equipment - 0.2%** |  |
| Graham Corp. <sup>(a)</sup> | 6105 | 240720 |
| **Electronics - 1.0%** | **Electronics - 1.0%** |  |
| Benchmark Electronics, Inc. | 30123 | 1100092 |
| **Engineering & Construction - 3.5%** | **Engineering & Construction - 3.5%** |  |
| EMCOR Group, Inc. | 2583 | 1218814 |
| Frontdoor, Inc. <sup>(a)</sup> | 23794 | 1308908 |
| Primoris Services Corp. | 16708 | 1204814 |
|  |  | 3732536 |
| **Engineering and Construction - 1.5%** | **Engineering and Construction - 1.5%** |  |
| Sterling Infrastructure, Inc. <sup>(a)</sup> | 8321 | 1564431 |
| **Food - 2.1%** | **Food - 2.1%** |  |
| Cal-Maine Foods, Inc. | 7564 | 725614 |
| Ingles Markets, Inc. - Class A | 5836 | 363583 |
| Sprouts Farmers Market, Inc. <sup>(a)</sup> | 6152 | 1063435 |
| Village Super Market, Inc. - Class A | 1901 | 73341 |
|  |  | 2225973 |
| **Gas - 2.5%** | **Gas - 2.5%** |  |
| National Fuel Gas Co. | 16218 | 1338634 |
| New Jersey Resources Corp. | 8983 | 412230 |
| Northwest Natural Holding Co. | 8278 | 339150 |
| Southwest Gas Holdings, Inc. | 8409 | 604018 |
|  |  | 2694032 |
| **Hand/Machine Tools - 0.3%** | **Hand/Machine Tools - 0.3%** |  |
| Franklin Electric Co., Inc. | 3226 | 278694 |
| **Healthcare Products - 0.4%** | **Healthcare Products - 0.4%** |  |
| BioLife Solutions, Inc. <sup>(a)</sup> | 5564 | 121740 |
| UFP Technologies, Inc. <sup>(a)</sup> | 522 | 122252 |
| Utah Medical Products, Inc. | 2484 | 136819 |
|  |  | 380811 |
| **Healthcare Products - 1.6%** | **Healthcare Products - 1.6%** |  |
| Avanos Medical, Inc. <sup>(a)</sup> | 4310 | 54177 |
| Axogen, Inc. <sup>(a)</sup> | 33526 | 365098 |
| Bioventus, Inc. - Class A <sup>(a)</sup> | 56355 | 365180 |
| Castle Biosciences, Inc. <sup>(a)</sup> | 31847 | 508597 |
| InfuSystem Holdings, Inc. <sup>(a)</sup> | 10225 | 59100 |
| iRadimed Corp. | 7270 | 420788 |
|  |  | 1772940 |
| **Healthcare Services - 1.8%** | **Healthcare Services - 1.8%** |  |
| LifeStance Health Group, Inc. <sup>(a)</sup> | 56190 | 333769 |
| National HealthCare Corp. | 10365 | 1079411 |
| Pennant Group, Inc. <sup>(a)</sup> | 10699 | 307168 |
| Viemed Healthcare, Inc. <sup>(a)</sup> | 28423 | 189013 |
|  |  | 1909361 |
| **Home Builders - 2.5%** | **Home Builders - 2.5%** |  |
| Cavco Industries, Inc. <sup>(a)</sup> | 2077 | 900577 |
| Century Communities, Inc. | 835 | 43311 |
| Forestar Group, Inc. <sup>(a)</sup> | 30996 | 593573 |
| Meritage Homes Corp. | 3021 | 192166 |
| Tri Pointe Homes, Inc. <sup>(a)</sup> | 33458 | 986342 |
|  |  | 2715969 |
| **Home Furnishings - 0.2%** | **Home Furnishings - 0.2%** |  |
| Daktronics, Inc. <sup>(a)</sup> | 17108 | 253883 |
| **Housewares - 0.4%** | **Housewares - 0.4%** |  |
| Scotts Miracle-Gro Co. | 6392 | 380707 |
| **Insurance - 4.4%** | **Insurance - 4.4%** |  |
| Axis Capital Holdings Ltd. | 9946 | 1032395 |
| Essent Group Ltd. | 18015 | 1044870 |
| Jackson Financial, Inc. - Class A | 14296 | 1170985 |
| NMI Holdings, Inc. - Class A <sup>(a)</sup> | 38295 | 1521078 |
|  |  | 4769328 |
| **Internet - 2.7%** | **Internet - 2.7%** |  |
| AudioEye, Inc. <sup>(a)</sup> | 4832 | 59047 |
| Cargurus, Inc. <sup>(a)</sup> | 33305 | 1043779 |
| Q2 Holdings, Inc. <sup>(a)</sup> | 10100 | 883952 |
| QuinStreet, Inc. <sup>(a)</sup> | 27149 | 414565 |
| Zillow Group, Inc. - Class A <sup>(a)</sup> | 7272 | 481188 |
|  |  | 2882531 |
| **Leisure Time - 0.3%** | **Leisure Time - 0.3%** |  |
| Fox Factory Holding Corp. <sup>(a)</sup> | 3491 | 89544 |
| Lindblad Expeditions Holdings, Inc. <sup>(a)</sup> | 25328 | 265944 |
|  |  | 355488 |
| **Machinery Diversified - 0.1%** | **Machinery Diversified - 0.1%** |  |
| Ichor Holdings Ltd. <sup>(a)</sup> | 8075 | 127423 |
| **Machinery-Diversified - 0.7%** | **Machinery-Diversified - 0.7%** |  |
| Gorman-Rupp Co. | 11917 | 434971 |
| Mueller Water Products, Inc. - Class A | 13138 | 322275 |
|  |  | 757246 |
| **Management of Companies and Enterprises - 0.4%** | **Management of Companies and Enterprises - 0.4%** |  |
| Northrim BanCorp, Inc. | 4488 | 411101 |
| **Metal Fabricate/Hardware - 2.4%** | **Metal Fabricate/Hardware - 2.4%** |  |
| Mueller Industries, Inc. | 14897 | 1160029 |
| Northwest Pipe Co. <sup>(a)</sup> | 7857 | 303595 |
| Valmont Industries, Inc. | 3546 | 1127770 |
|  |  | 2591394 |
| **Mining - 1.2%** | **Mining - 1.2%** |  |
| Caledonia Mining Corp. PLC | 14259 | 243829 |
| Coeur Mining, Inc. <sup>(a)</sup> | 68174 | 550846 |
| Constellium SE <sup>(a)</sup> | 37685 | 457496 |
|  |  | 1252171 |
| **Miscellaneous Manufacturing - 0.6%** | **Miscellaneous Manufacturing - 0.6%** |  |
| Federal Signal Corp. | 4452 | 418800 |
| Trinity Industries, Inc. | 7575 | 194980 |
|  |  | 613780 |
| **Office Furnishings - 0.9%** | **Office Furnishings - 0.9%** |  |
| Interface, Inc. | 47750 | 959297 |
| Virco Mfg. Corp. | 3855 | 32421 |
|  |  | 991718 |
| **Oil & Gas - 1.7%** | **Oil & Gas - 1.7%** |  |
| California Resources Corp. | 8296 | 366434 |
| Riley Exploration Permian, Inc. | 15601 | 400322 |
| Sitio Royalties Corp. - Class A | 12828 | 218974 |
| SM Energy Co. | 25588 | 599271 |
| Viper Energy, Inc. | 4386 | 174080 |
| Weatherford International PLC | 1938 | 84497 |
|  |  | 1843578 |
| **Oil & Gas Services - 1.2%** | **Oil & Gas Services - 1.2%** |  |
| Archrock, Inc. | 49918 | 1242958 |
| Natural Gas Services Group, Inc. <sup>(a)</sup> | 2815 | 67476 |
|  |  | 1310434 |
| **Pharmaceuticals - 4.6%** | **Pharmaceuticals - 4.6%** |  |
| BellRing Brands, Inc. <sup>(a)</sup> | 13318 | 838368 |
| Catalyst Pharmaceuticals Partners, Inc. <sup>(a)</sup> | 55579 | 1387252 |
| Collegium Pharmaceutical, Inc. <sup>(a)</sup> | 2452 | 71451 |
| Harmony Biosciences Holdings, Inc. <sup>(a)</sup> | 34700 | 1197150 |
| Phibro Animal Health Corp. - Class A | 37923 | 926080 |
| Supernus Pharmaceuticals, Inc. <sup>(a)</sup> | 13894 | 440440 |
| USANA Health Sciences, Inc. <sup>(a)</sup> | 3436 | 102633 |
|  |  | 4963374 |
| **Pipelines - 0.3%** | **Pipelines - 0.3%** |  |
| Excelerate Energy, Inc. - Class A | 13168 | 370416 |
| **Real Estate - 1.6%** | **Real Estate - 1.6%** |  |
| Marcus & Millichap, Inc. | 2070 | 59637 |
| McGrath RentCorp | 4855 | 545605 |
| Newmark Group, Inc. - Class A | 87223 | 960325 |
| RMR Group, Inc. - Class A | 8608 | 129981 |
|  |  | 1695548 |
| **REITS - 5.5%** | **REITS - 5.5%** |  |
| Alexander & Baldwin, Inc. | 61032 | 1093083 |
| American Assets Trust, Inc. | 24624 | 491002 |
| CareTrust REIT, Inc. | 36968 | 1063200 |
| City Office REIT, Inc. | 10882 | 53104 |
| InvenTrust Properties Corp. | 27926 | 784441 |
| Piedmont Office Realty Trust, Inc. - Class A | 94405 | 672164 |
| Ryman Hospitality Properties, Inc. | 7518 | 730073 |
| Safehold, Inc. | 21228 | 319906 |
| Saul Centers, Inc. | 2524 | 85008 |
| Tanger Factory Outlet Centers, Inc. | 2774 | 82665 |
| UMH Properties, Inc. | 16802 | 282106 |
| Xenia Hotels & Resorts, Inc. | 24965 | 305322 |
|  |  | 5962074 |
| **Retail - 1.2%** | **Retail - 1.2%** |  |
| Abercrombie & Fitch Co. - Class A <sup>(a)</sup> | 4641 | 364272 |
| Bath & Body Works, Inc. | 9434 | 265284 |
| BlueLinx Holdings, Inc. <sup>(a)</sup> | 6906 | 462149 |
| Genesco, Inc. <sup>(a)</sup> | 10794 | 234554 |
|  |  | 1326259 |
| **Savings & Loans - 0.7%** | **Savings & Loans - 0.7%** |  |
| Axos Financial, Inc. <sup>(a)</sup> | 9988 | 694565 |
| FS Bancorp, Inc. | 1407 | 54043 |
|  |  | 748608 |
| **Semiconductors - 2.0%** | **Semiconductors - 2.0%** |  |
| Ambarella, Inc. <sup>(a)</sup> | 12382 | 651788 |
| Cirrus Logic, Inc. <sup>(a)</sup> | 8414 | 827601 |
| MaxLinear, Inc. <sup>(a)</sup> | 5971 | 68010 |
| MKS Instruments, Inc. | 6527 | 536454 |
| Photronics, Inc. <sup>(a)</sup> | 2601 | 43463 |
|  |  | 2127316 |
| **Software - 6.6%** | **Software - 6.6%** |  |
| Adeia, Inc. | 84115 | 1080037 |
| Alkami Technology, Inc. <sup>(a)</sup> | 17905 | 512799 |
| Appfolio, Inc. - Class A <sup>(a)</sup> | 1577 | 333015 |
| Appian Corp. - Class A <sup>(a)</sup> | 7584 | 238896 |
| CommVault Systems, Inc. <sup>(a)</sup> | 6104 | 1117947 |
| Gitlab, Inc. - Class A <sup>(a)</sup> | 16014 | 728797 |
| Health Catalyst, Inc. <sup>(a)</sup> | 27116 | 103041 |
| Phreesia, Inc. <sup>(a)</sup> | 12260 | 300247 |
| PROS Holdings, Inc. <sup>(a)</sup> | 28330 | 498325 |
| RingCentral, Inc. - Class A <sup>(a)</sup> | 27220 | 705815 |
| SEMrush Holdings, Inc. - Class A <sup>(a)</sup> | 4733 | 46573 |
| Talkspace, Inc. <sup>(a)</sup> | 248604 | 793047 |
| Viant Technology, Inc. - Class A <sup>(a)</sup> | 8816 | 121573 |
| Workiva, Inc. <sup>(a)</sup> | 7346 | 494312 |
|  |  | 7074424 |
| **Telecommunications - 1.3%** | **Telecommunications - 1.3%** |  |
| Credo Technology Group Holding Ltd. <sup>(a)</sup> | 10060 | 613258 |
| Telephone and Data Systems, Inc. | 23504 | 807597 |
|  |  | 1420855 |
| **Transportation - 3.8%** | **Transportation - 3.8%** |  |
| Costamare Bulkers Holdings Ltd. <sup>(a)</sup> | 4924 | 46089 |
| Costamare, Inc. | 24621 | 211002 |
| Kirby Corp. <sup>(a)</sup> | 10215 | 1130187 |
| Matson, Inc. | 9850 | 1111572 |
| Teekay Corp. Ltd. | 109395 | 924388 |
| Teekay Tankers Ltd. | 14325 | 633022 |
|  |  | 4056260 |
| **Trucking & Leasing - 0.6%** | **Trucking & Leasing - 0.6%** |  |
| Greenbrier Cos., Inc. | 10624 | 478824 |
| Willis Lease Finance Corp. | 1332 | 178941 |
|  |  | 657765 |
| **TOTAL COMMON STOCKS** (Cost $107,078,064) | **TOTAL COMMON STOCKS** (Cost $107,078,064) | 104873778 |
| **EXCHANGE TRADED FUNDS - 1.5%** | **Shares** | **Value** |
| iShares Core S&P Small-Cap ETF | 15448 | 1627756 |
| **TOTAL EXCHANGE TRADED FUNDS** (Cost $1,583,437) | **TOTAL EXCHANGE TRADED FUNDS** (Cost $1,583,437) | 1627756 |
| **TOTAL INVESTMENTS - 98.9% (**Cost $108,661,501**)** | **TOTAL INVESTMENTS - 98.9% (**Cost $108,661,501**)** | 106501534 |
| Other Assets in Excess of Liabilities- 1.1% | Other Assets in Excess of Liabilities- 1.1% | 1135006 |
| **TOTAL NET ASSETS - 100.0%** |  | $107636540 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

PLC - Public Limited Company <br> REIT - Real Estate Investment Trust

(a) Non-income producing security.

------

<br> **Summary of Fair Value Disclosure as of May 31, 2025 (Unaudited)** 

SGI Small Cap Core 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 | 104873778 |  |  | 104873778 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 1627756 |  |  | 1627756 |
| Total Investments | 106501534 |  |  | 106501534 |
| 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 Small Cap Core Fund

- **b. EDGAR series identifier (if any):** S000001101

- **c. LEI of Series:** 549300U1EB7E1OEPCM45

**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:** $107894268.49

**Total Liabilities:** $190270.90

**Net Assets:** $107703997.59

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000002991 | -5.07%               | -2.16%               | 5.17%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-354286.07              | $-5696807.99                               |
| Month 2  | $-540339.75              | $-1769423.96                               |
| Month 3  | $642181.77               | $4553704.41                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Strategic Education Inc                | Strategic Education Inc                       | CUSIP: 86272C103<br>LEI: 2549002UYIM8Q5EC8H36 | Long             | EC               | CORP              | US        |      3693 | NS      | $336912.39    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Supernus Pharmaceuticals Inc           | Supernus Pharmaceuticals Inc                  | CUSIP: 868459108<br>LEI: 549300GRM36VBKISYJ58 | Long             | EC               | CORP              | US        |     13894 | NS      | $440439.80    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Tri Pointe Homes Inc                   | Tri Pointe Homes Inc                          | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33458 | NS      | $986341.84    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Third Coast Bancshares Inc             | Third Coast Bancshares Inc                    | CUSIP: 88422P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6561 | NS      | $201160.26    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Technologies Inc                   | UFP Technologies Inc                          | CUSIP: 902673102<br>LEI: 549300RJ8LY41HS70C91 | Long             | EC               | CORP              | US        |       522 | NS      | $122252.40    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Unisys Corp                            | Unisys Corp                                   | CUSIP: 909214306<br>LEI: 549300T21W22FIJJOW08 | Long             | EC               | CORP              | US        |     56777 | NS      | $270826.29    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Vericel Corp                           | Vericel Corp                                  | CUSIP: 92346J108<br>LEI: 54930076YM3PLTDR4B91 | Long             | EC               | CORP              | US        |     11110 | NS      | $458787.45    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| ANI Pharmaceuticals Inc                | ANI Pharmaceuticals Inc                       | CUSIP: 00182C103<br>LEI: 5493000T6CXTND40YH31 | Long             | EC               | CORP              | US        |      1434 | NS      | $84204.48     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Lease Corp                         | Air Lease Corp                                | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               | CORP              | US        |      1647 | NS      | $94883.67     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cargurus Inc                           | Cargurus Inc                                  | CUSIP: 141788109<br>LEI: 54930027BKQN6B7X7G78 | Long             | EC               | CORP              | US        |     33305 | NS      | $1043778.70   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Castle Biosciences Inc                 | Castle Biosciences Inc                        | CUSIP: 14843C105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31847 | NS      | $508596.59    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Workiva Inc                            | Workiva Inc                                   | CUSIP: 98139A105<br>LEI: 529900RTOQ8GRWHY1O58 | Long             | EC               | CORP              | US        |      7346 | NS      | $494312.34    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Civista Bancshares Inc                 | Civista Bancshares Inc                        | CUSIP: 178867107<br>LEI: 5493001LX61Z2UVYSC48 | Long             | EC               | CORP              | US        |     12746 | NS      | $287422.30    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Collegium Pharmaceutical Inc           | Collegium Pharmaceutical Inc                  | CUSIP: 19459J104<br>LEI: 54930049FXZMTLW8D496 | Long             | EC               | CORP              | US        |      2452 | NS      | $71451.28     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Catalyst Pharmaceuticals Inc           | Catalyst Pharmaceuticals Inc                  | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               | CORP              | US        |     55579 | NS      | $1387251.84   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Pacific Financial Corp         | Central Pacific Financial Corp                | CUSIP: 154760409<br>LEI: 549300W3YEAOZ4KGG849 | Long             | EC               | CORP              | US        |     18885 | NS      | $504229.50    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Herc Holdings Inc                      | Herc Holdings Inc                             | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |      5819 | NS      | $721556.00    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| LifeStance Health Group Inc            | LifeStance Health Group Inc                   | CUSIP: 53228F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     56190 | NS      | $333768.60    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Zillow Group Inc                       | Zillow Group Inc                              | CUSIP: 98954M101<br>LEI: 2549002XEELQDIR6FU05 | Long             | EC               | CORP              | US        |      7272 | NS      | $481188.24    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| City Office REIT Inc                   | City Office REIT Inc                          | CUSIP: 178587101<br>LEI: 5493003J7157VP25NL57 | Long             | EC               | CORP              | CA        |     10882 | NS      | $53104.16     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| First Business Financial Servi         | First Business Financial Services Inc         | CUSIP: 319390100<br>LEI: 549300BXKLW2T50TKU95 | Long             | EC               | CORP              | US        |      3853 | NS      | $187910.81    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Electric Co Inc               | Franklin Electric Co Inc                      | CUSIP: 353514102<br>LEI: RR6AURIKMXUE4Q24G284 | Long             | EC               | CORP              | US        |      3226 | NS      | $278694.14    | 0.26%             |  |  |  | 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        |   1242499 | NS      | $1242498.76   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| USANA Health Sciences Inc              | USANA Health Sciences Inc                     | CUSIP: 90328M107<br>LEI: 549300YTURXE814MAH96 | Long             | EC               | CORP              | US        |      3436 | NS      | $102633.32    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding         | Credo Technology Group Holding Ltd            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     10060 | NS      | $613257.60    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International PLC          | Weatherford International PLC                 | CUSIP: N/A<br>LEI: 529900LPBDSCQDJKHQ39       | Long             | EC               | CORP              | US        |      1938 | NS      | $84496.80     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Abercrombie & Fitch Co                 | Abercrombie & Fitch Co                        | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |      4641 | NS      | $364272.09    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| BioLife Solutions Inc                  | BioLife Solutions Inc                         | CUSIP: 09062W204<br>LEI: 549300G2IVCMC2TJDW72 | Long             | EC               | CORP              | US        |      5564 | NS      | $121740.32    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Piedmont Office Realty Trust I         | Piedmont Office Realty Trust Inc              | CUSIP: 720190206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     94405 | NS      | $672163.60    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Q2 Holdings Inc                        | Q2 Holdings Inc                               | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               | CORP              | US        |     10100 | NS      | $883952.00    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| RMR Group Inc/The                      | RMR Group Inc/The                             | CUSIP: 74967R106<br>LEI: 549300JP4L34E48UJM16 | Long             | EC               | CORP              | US        |      8608 | NS      | $129980.80    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocky Brands Inc                       | Rocky Brands Inc                              | CUSIP: 774515100<br>LEI: 5299004HQ6GCTW838N96 | Long             | EC               | CORP              | US        |     10291 | NS      | $234120.25    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Safehold Inc                           | Safehold Inc                                  | CUSIP: 78646V107<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | EC               | CORP              | US        |     21228 | NS      | $319905.96    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Saul Centers Inc                       | Saul Centers Inc                              | CUSIP: 804395101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2524 | NS      | $85008.32     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Viant Technology Inc                   | Viant Technology Inc                          | CUSIP: 92557A101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8816 | NS      | $121572.64    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Village Super Market Inc               | Village Super Market Inc                      | CUSIP: 927107409<br>LEI: 25490069686XCNNEMQ07 | Long             | EC               | CORP              | US        |      1901 | NS      | $73340.58     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Willdan Group Inc                      | Willdan Group Inc                             | CUSIP: 96924N100<br>LEI: 529900YQO0LF5VAEKN05 | Long             | EC               | CORP              | US        |     17582 | NS      | $950307.10    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Business First Bancshares Inc          | Business First Bancshares Inc                 | CUSIP: 12326C105<br>LEI: 549300ILTC50KHDX4A08 | Long             | EC               | CORP              | US        |     15847 | NS      | $377000.13    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Carter Bankshares Inc                  | Carter Bankshares Inc                         | CUSIP: 146103106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3578 | NS      | $58858.10     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy Inc                    | Clearway Energy Inc                           | CUSIP: 18539C105<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |      9198 | NS      | $265362.30    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Commvault Systems Inc                  | Commvault Systems Inc                         | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |      6104 | NS      | $1117947.60   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Forestar Group Inc                     | Forestar Group Inc                            | CUSIP: 346232101<br>LEI: 549300BC2UB0GHV60V70 | Long             | EC               | CORP              | US        |     30996 | NS      | $593573.40    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Graham Holdings Co                     | Graham Holdings Co                            | CUSIP: 384637104<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | EC               | CORP              | US        |      1178 | NS      | $1124294.98   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanmi Financial Corp                   | Hanmi Financial Corp                          | CUSIP: 410495204<br>LEI: 549300MSZ7RCG7EA6587 | Long             | EC               | CORP              | US        |      7987 | NS      | $183062.04    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| International Bancshares Corp          | International Bancshares Corp                 | CUSIP: 459044103<br>LEI: 549300Y16R531AU8TX77 | Long             | EC               | CORP              | US        |      5249 | NS      | $328744.87    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core S&P Small-Cap ETF         | iShares Core S&P Small-Cap ETF                | CUSIP: 464287804<br>LEI: 549300BZQ17QYN750B25 | Long             | EC               | RF                | US        |     15448 | NS      | $1627755.76   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                             | Kirby Corp                                    | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |     10215 | NS      | $1130187.60   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Korn Ferry                             | Korn Ferry                                    | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |     16570 | NS      | $1126925.70   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Krystal Biotech Inc                    | Krystal Biotech Inc                           | CUSIP: 501147102<br>LEI: 549300YONUY68210OE41 | Long             | EC               | CORP              | US        |      4717 | NS      | $594153.32    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| MaxLinear Inc                          | MaxLinear Inc                                 | CUSIP: 57776J100<br>LEI: 549300EMOI0SM2IY4F64 | Long             | EC               | CORP              | US        |      5971 | NS      | $68009.69     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Northeast Bank                         | Northeast Bank                                | CUSIP: 66405S100<br>LEI: 549300F0LV9TSW34E306 | Long             | EC               | CORP              | US        |      8874 | NS      | $743907.42    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwest Pipe Co                      | Northwest Pipe Co                             | CUSIP: 667746101<br>LEI: 54930056VW2CRCZ9RE54 | Long             | EC               | CORP              | US        |      7857 | NS      | $303594.48    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Photronics Inc                         | Photronics Inc                                | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |      2601 | NS      | $43462.71     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sitio Royalties Corp                   | Sitio Royalties Corp                          | CUSIP: 82983N108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12828 | NS      | $218973.96    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc             | Southwest Gas Holdings Inc                    | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |      8409 | NS      | $604018.47    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Daktronics Inc                         | Daktronics Inc                                | CUSIP: 234264109<br>LEI: 549300IOLZ3SG5YUJ288 | Long             | EC               | CORP              | US        |     17108 | NS      | $253882.72    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group Inc                        | EMCOR Group Inc                               | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      2583 | NS      | $1218814.38   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindblad Expeditions Holdings          | Lindblad Expeditions Holdings Inc             | CUSIP: 535219109<br>LEI: 549300GSPW24GZE6R597 | Long             | EC               | CORP              | US        |     25328 | NS      | $265944.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| MGE Energy Inc                         | MGE Energy Inc                                | CUSIP: 55277P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11613 | NS      | $1048886.16   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp                    | Meritage Homes Corp                           | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |      3021 | NS      | $192165.81    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Costamare Bulkers Holdings Ltd         | Costamare Bulkers Holdings Ltd                | CUSIP: N/A<br>LEI: 529900XOR3ESNE5WKB78       | Long             | EC               | CORP              | MC        |      4924 | NS      | $46088.64     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| FB Financial Corp                      | FB Financial Corp                             | CUSIP: 30257X104<br>LEI: 5493000B2LD2C2A6C435 | Long             | EC               | CORP              | US        |     20128 | NS      | $878587.20    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| First BanCorp/Puerto Rico              | First BanCorp/Puerto Rico                     | CUSIP: 318672706<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |     42910 | NS      | $857341.80    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| First Busey Corp                       | First Busey Corp                              | CUSIP: 319383204<br>LEI: 549300X4ZNLYSX7GUY60 | Long             | EC               | CORP              | US        |     38822 | NS      | $858742.64    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Gorman-Rupp Co/The                     | Gorman-Rupp Co/The                            | CUSIP: 383082104<br>LEI: 254900WVLPOIWPGJPA07 | Long             | EC               | CORP              | US        |     11917 | NS      | $434970.50    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education Inc             | Grand Canyon Education Inc                    | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |      3571 | NS      | $706504.50    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Health Catalyst Inc                    | Health Catalyst Inc                           | CUSIP: 42225T107<br>LEI: 549300223PL6GWKVJG92 | Long             | EC               | CORP              | US        |     27116 | NS      | $103040.80    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Honest Co Inc/The                      | Honest Co Inc/The                             | CUSIP: 438333106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68162 | NS      | $342854.86    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Intrepid Potash Inc                    | Intrepid Potash Inc                           | CUSIP: 46121Y201<br>LEI: 549300OZ696E2PRRTO45 | Long             | EC               | CORP              | US        |     14215 | NS      | $536758.40    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| LSI Industries Inc                     | LSI Industries Inc                            | CUSIP: 50216C108<br>LEI: 529900HY42OANH6BVT33 | Long             | EC               | CORP              | US        |     26307 | NS      | $428014.89    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Inc                                | MKS Instruments Inc                           | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |      6527 | NS      | $536454.13    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Masterbrand Inc                        | Masterbrand Inc                               | CUSIP: 57638P104<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | EC               | CORP              | US        |     55813 | NS      | $569292.60    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson Inc                             | Matson Inc                                    | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |      9850 | NS      | $1111572.50   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NMI Holdings Inc                       | NMI Holdings Inc                              | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |     38295 | NS      | $1521077.40   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmark Group Inc                      | Newmark Group Inc                             | CUSIP: 65158N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     87223 | NS      | $960325.23    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Northeast Community Bancorp In         | Northeast Community Bancorp Inc               | CUSIP: 664121100<br>LEI: 5493007BRYL8596Q9L26 | Long             | EC               | CORP              | US        |      5614 | NS      | $126988.68    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwest Natural Holding Co           | Northwest Natural Holding Co                  | CUSIP: 66765N105<br>LEI: 254900PSJL6ZEC8FR782 | Long             | EC               | CORP              | US        |      8278 | NS      | $339149.66    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Adeia Inc                              | Adeia Inc                                     | CUSIP: 00676P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     84115 | NS      | $1080036.60   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontdoor Inc                          | Frontdoor Inc                                 | CUSIP: 35905A109<br>LEI: 5493008RB0JZJI3QGZ06 | Long             | EC               | CORP              | US        |     23794 | NS      | $1308907.94   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Upbound Group Inc                      | Upbound Group Inc                             | CUSIP: 76009N100<br>LEI: 529900QUHE15UQNCCJ63 | Long             | EC               | CORP              | US        |     43437 | NS      | $996444.78    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Riley Exploration Permian Inc          | Riley Exploration Permian Inc                 | CUSIP: 76665T102<br>LEI: 5493008CUBI02XP43Q95 | Long             | EC               | CORP              | US        |     15601 | NS      | $400321.66    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| RingCentral Inc                        | RingCentral Inc                               | CUSIP: 76680R206<br>LEI: 549300C8EH0H1614VE84 | Long             | EC               | CORP              | US        |     27220 | NS      | $705814.60    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Scotts Miracle-Gro Co/The              | Scotts Miracle-Gro Co/The                     | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |      6392 | NS      | $380707.52    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| South Plains Financial Inc             | South Plains Financial Inc                    | CUSIP: 83946P107<br>LEI: 549300SNEBP48642N493 | Long             | EC               | CORP              | US        |      6933 | NS      | $249380.01    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares Inc           | Texas Capital Bancshares Inc                  | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |     15736 | NS      | $1128113.84   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtus Investment Partners Inc         | Virtus Investment Partners Inc                | CUSIP: 92828Q109<br>LEI: 549300HWF93HB8BDM648 | Long             | EC               | CORP              | US        |      4366 | NS      | $745276.20    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Lease Finance Corp              | Willis Lease Finance Corp                     | CUSIP: 970646105<br>LEI: 54930023EP1OE5MKWF89 | Long             | EC               | CORP              | US        |      1332 | NS      | $178940.88    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenia Hotels & Resorts Inc             | Xenia Hotels & Resorts Inc                    | CUSIP: 984017103<br>LEI: 54930075IWIPHF5IQL62 | Long             | EC               | CORP              | US        |     24965 | NS      | $305321.95    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Teekay Tankers Ltd                     | Teekay Tankers Ltd                            | CUSIP: N/A<br>LEI: 549300DE8ZAIYS2T6Q22       | Long             | EC               | CORP              | CA        |     14325 | NS      | $633021.75    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Talkspace Inc                          | Talkspace Inc                                 | CUSIP: 87427V103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    248604 | NS      | $793046.76    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Trinity Industries Inc                 | Trinity Industries Inc                        | CUSIP: 896522109<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | EC               | CORP              | US        |      7575 | NS      | $194980.50    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| UMH Properties Inc                     | UMH Properties Inc                            | CUSIP: 903002103<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EC               | CORP              | US        |     16802 | NS      | $282105.58    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Viper Energy Inc                       | Viper Energy Inc                              | CUSIP: 927959106<br>LEI: 5299009LINL232255G03 | Long             | EC               | CORP              | US        |      4386 | NS      | $174080.34    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Axos Financial Inc                     | Axos Financial Inc                            | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |      9988 | NS      | $694565.52    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| BellRing Brands Inc                    | BellRing Brands Inc                           | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |     13318 | NS      | $838368.10    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Benchmark Electronics Inc              | Benchmark Electronics Inc                     | CUSIP: 08160H101<br>LEI: 549300W18RHYZOZKOP53 | Long             | EC               | CORP              | US        |     30123 | NS      | $1100091.96   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CareTrust REIT Inc                     | CareTrust REIT Inc                            | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |     36968 | NS      | $1063199.68   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Communities Inc                | Century Communities Inc                       | CUSIP: 156504300<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | EC               | CORP              | US        |       835 | NS      | $43311.45     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd              | Axis Capital Holdings Ltd                     | CUSIP: N/A<br>LEI: 635400VD2NQBYAHMEM55       | Long             | EC               | CORP              | BM        |      9946 | NS      | $1032394.80   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| ACADIA Pharmaceuticals Inc             | ACADIA Pharmaceuticals Inc                    | CUSIP: 004225108<br>LEI: 529900O3044NO0PEA039 | Long             | EC               | CORP              | US        |     23257 | NS      | $501653.49    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| American Assets Trust Inc              | American Assets Trust Inc                     | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24624 | NS      | $491002.56    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Apogee Enterprises Inc                 | Apogee Enterprises Inc                        | CUSIP: 037598109<br>LEI: 549300579S7QW8V4IJ60 | Long             | EC               | CORP              | US        |      7502 | NS      | $289952.30    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkami Technology Inc                  | Alkami Technology Inc                         | CUSIP: 01644J108<br>LEI: 254900FCNYU4HNEV9L47 | Long             | EC               | CORP              | US        |     17905 | NS      | $512799.20    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Appian Corp                            | Appian Corp                                   | CUSIP: 03782L101<br>LEI: 529900NIARIFW7HGU386 | Long             | EC               | CORP              | US        |      7584 | NS      | $238896.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Appfolio Inc                           | Appfolio Inc                                  | CUSIP: 03783C100<br>LEI: 529900OOUUGT6JFC0S15 | Long             | EC               | CORP              | US        |      1577 | NS      | $333015.09    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corp                            | Avista Corp                                   | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |     25245 | NS      | $972184.95    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Bladex                                 | Banco Latinoamericano de Comercio Exterior SA | CUSIP: N/A<br>LEI: 549300CN3134K4LC0651       | Long             | EC               | CORP              | PA        |     14554 | NS      | $597005.08    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Andersons Inc/The                      | Andersons Inc/The                             | CUSIP: 034164103<br>LEI: L38MWB8MVRFV7HVJPU11 | Long             | EC               | CORP              | US        |      2791 | NS      | $99108.41     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Armstrong World Industries Inc         | Armstrong World Industries Inc                | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |      7017 | NS      | $1092055.71   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic Union Bankshares Corp         | Atlantic Union Bankshares Corp                | CUSIP: 04911A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12552 | NS      | $376811.04    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Perimeter Solutions Inc                | Perimeter Solutions Inc                       | CUSIP: 71385M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     77913 | NS      | $940409.91    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Phibro Animal Health Corp              | Phibro Animal Health Corp                     | CUSIP: 71742Q106<br>LEI: 549300U24SP4AF2JUX52 | Long             | EC               | CORP              | US        |     37923 | NS      | $926079.66    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| SM Energy Co                           | SM Energy Co                                  | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |     25588 | NS      | $599270.96    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| SkyWest Inc                            | SkyWest Inc                                   | CUSIP: 830879102<br>LEI: 529900UYS2KGS6Z42P09 | Long             | EC               | CORP              | US        |     10989 | NS      | $1114834.05   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Tanger Inc                             | Tanger Inc                                    | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               | CORP              | US        |      2774 | NS      | $82665.20     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenable Holdings Inc                   | Tenable Holdings Inc                          | CUSIP: 88025T102<br>LEI: 5493004S5OMPESF0EF83 | Long             | EC               | CORP              | US        |     28863 | NS      | $929965.86    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Archrock Inc                           | Archrock Inc                                  | CUSIP: 03957W106<br>LEI: 549300K3RIHMHDVFTL28 | Long             | EC               | CORP              | US        |     49918 | NS      | $1242958.20   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Avanos Medical Inc                     | Avanos Medical Inc                            | CUSIP: 05350V106<br>LEI: 549300YCXWOM7NEWMQ58 | Long             | EC               | CORP              | US        |      4310 | NS      | $54176.70     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AudioEye Inc                           | AudioEye Inc                                  | CUSIP: 050734201<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4832 | NS      | $59047.04     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works Inc                  | Bath & Body Works Inc                         | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |      9434 | NS      | $265284.08    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Balchem Corp                           | Balchem Corp                                  | CUSIP: 057665200<br>LEI: 549300VR70OPMHUI3557 | Long             | EC               | CORP              | US        |      2732 | NS      | $455424.40    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Brink's Co/The                         | Brink's Co/The                                | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |      6392 | NS      | $524527.52    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corp                       | Black Hills Corp                              | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |     17996 | NS      | $1052226.12   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Coeur Mining Inc                       | Coeur Mining Inc                              | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |     68174 | NS      | $550845.92    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| FS Bancorp Inc                         | FS Bancorp Inc                                | CUSIP: 30263Y104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1407 | NS      | $54042.87     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Gibraltar Industries Inc               | Gibraltar Industries Inc                      | CUSIP: 374689107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17437 | NS      | $1021459.46   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| CPI Card Group Inc                     | CPI Card Group Inc                            | CUSIP: 12634H200<br>LEI: 54930087HHJ1VWIJK062 | Long             | EC               | CORP              | US        |      4095 | NS      | $91154.70     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital Bancorp Inc                    | Capital Bancorp Inc                           | CUSIP: 139737100<br>LEI: 549300LQKYGWQ7VP0C75 | Long             | EC               | CORP              | US        |      5434 | NS      | $175518.20    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Gitlab Inc                             | Gitlab Inc                                    | CUSIP: 37637K108<br>LEI: 9845004Y40FACG81ED49 | Long             | EC               | CORP              | US        |     16014 | NS      | $728797.14    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| InfuSystem Holdings Inc                | InfuSystem Holdings Inc                       | CUSIP: 45685K102<br>LEI: 549300F58N8PHJ4QUI59 | Long             | EC               | CORP              | US        |     10225 | NS      | $59100.50     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingles Markets Inc                     | Ingles Markets Inc                            | CUSIP: 457030104<br>LEI: 549300XH5RYBMYP8TF26 | Long             | EC               | CORP              | US        |      5836 | NS      | $363582.80    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial Inc                  | Jackson Financial Inc                         | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |     14296 | NS      | $1170985.36   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Marcus & Millichap Inc                 | Marcus & Millichap Inc                        | CUSIP: 566324109<br>LEI: 549300B2HE8ULXNB1N48 | Long             | EC               | CORP              | US        |      2070 | NS      | $59636.70     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| McGrath RentCorp                       | McGrath RentCorp                              | CUSIP: 580589109<br>LEI: 254900EUH6IPWFQ83445 | Long             | EC               | CORP              | US        |      4855 | NS      | $545604.90    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co                   | National Fuel Gas Co                          | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |     16218 | NS      | $1338633.72   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrim BanCorp Inc                   | Northrim BanCorp Inc                          | CUSIP: 666762109<br>LEI: 5493006X7RLLTZ3SG075 | Long             | EC               | CORP              | US        |      4488 | NS      | $411100.80    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Excelerate Energy Inc                  | Excelerate Energy Inc                         | CUSIP: 30069T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13168 | NS      | $370415.84    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Signal Corp                    | Federal Signal Corp                           | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |      4452 | NS      | $418799.64    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Pennant Group Inc/The                  | Pennant Group Inc/The                         | CUSIP: 70805E109<br>LEI: 5493007H2OYR6BYLDA64 | Long             | EC               | CORP              | US        |     10699 | NS      | $307168.29    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| QCR Holdings Inc                       | QCR Holdings Inc                              | CUSIP: 74727A104<br>LEI: 549300MWKWM7KWJVQO33 | Long             | EC               | CORP              | US        |      5954 | NS      | $400704.20    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| QuinStreet Inc                         | QuinStreet Inc                                | CUSIP: 74874Q100<br>LEI: 549300TP8MFBFPOS4Y78 | Long             | EC               | CORP              | US        |     27149 | NS      | $414565.23    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Corp                            | Rogers Corp                                   | CUSIP: 775133101<br>LEI: PW0CN80KNFR7RUOOKJ84 | Long             | EC               | CORP              | US        |      8574 | NS      | $570771.18    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Genesco Inc                            | Genesco Inc                                   | CUSIP: 371532102<br>LEI: 549300VY2Q511P1K5P56 | Long             | EC               | CORP              | US        |     10794 | NS      | $234553.62    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Graham Corp                            | Graham Corp                                   | CUSIP: 384556106<br>LEI: 254900EI9P4LTY524J77 | Long             | EC               | CORP              | US        |      6105 | NS      | $240720.15    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Enterprises Inc                   | Rush Enterprises Inc                          | CUSIP: 781846308<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |      2235 | NS      | $116700.53    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties I         | Ryman Hospitality Properties Inc              | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |      7518 | NS      | $730072.98    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Greenbrier Cos Inc/The                 | Greenbrier Cos Inc/The                        | CUSIP: 393657101<br>LEI: 5493001GAGGFR30BP390 | Long             | EC               | CORP              | US        |     10624 | NS      | $478823.68    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Griffon Corp                           | Griffon Corp                                  | CUSIP: 398433102<br>LEI: 5493000C2SGNC7ZN3242 | Long             | EC               | CORP              | US        |     14813 | NS      | $1018393.75   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Market Inc             | Sprouts Farmers Market Inc                    | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |      6152 | NS      | $1063434.72   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Virco Mfg. Corp                        | Virco Mfg. Corp                               | CUSIP: 927651109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3855 | NS      | $32420.55     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellium SE                         | Constellium SE                                | CUSIP: N/A<br>LEI: 724500KRJEMC79KAAU28       | Long             | EC               | CORP              | FR        |     37685 | NS      | $457495.90    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| XP Inc                                 | XP Inc                                        | CUSIP: N/A<br>LEI: 5493008KDA8NBZRJST80       | Long             | EC               | CORP              | BR        |     19279 | NS      | $373241.44    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Biosciences Holdings I         | Harmony Biosciences Holdings Inc              | CUSIP: 413197104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34700 | NS      | $1197150.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Horizon Bancorp Inc/IN                 | Horizon Bancorp Inc/IN                        | CUSIP: 440407104<br>LEI: 549300U2OQ2EIT5MXG39 | Long             | EC               | CORP              | US        |     14223 | NS      | $211069.32    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingevity Corp                          | Ingevity Corp                                 | CUSIP: 45688C107<br>LEI: 5493009UTFC4B5IMGF87 | Long             | EC               | CORP              | US        |     12086 | NS      | $499997.82    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| iRadimed Corp                          | iRadimed Corp                                 | CUSIP: 46266A109<br>LEI: 549300YVHWP0YJ1YW816 | Long             | EC               | CORP              | US        |      7270 | NS      | $420787.60    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Kontoor Brands Inc                     | Kontoor Brands Inc                            | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |      9131 | NS      | $626386.60    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| New Jersey Resources Corp              | New Jersey Resources Corp                     | CUSIP: 646025106<br>LEI: 549300QKBSQBIX4DQ583 | Long             | EC               | CORP              | US        |      8983 | NS      | $412229.87    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Phreesia Inc                           | Phreesia Inc                                  | CUSIP: 71944F106<br>LEI: 5493000HHF8NU4QOCG53 | Long             | EC               | CORP              | US        |     12260 | NS      | $300247.40    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular Inc                            | Popular Inc                                   | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |     10549 | NS      | $1092137.97   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PROS Holdings Inc                      | PROS Holdings Inc                             | CUSIP: 74346Y103<br>LEI: 549300LPE1KNL5RWKQ48 | Long             | EC               | CORP              | US        |     28330 | NS      | $498324.70    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Rayonier Advanced Materials In         | Rayonier Advanced Materials Inc               | CUSIP: 75508B104<br>LEI: 54930053QJ7OUGZG4F72 | Long             | EC               | CORP              | US        |     16905 | NS      | $65084.25     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc            | Sterling Infrastructure Inc                   | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |      8321 | NS      | $1564431.21   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Utah Medical Products Inc              | Utah Medical Products Inc                     | CUSIP: 917488108<br>LEI: 5493002R27BBGV8DID60 | Long             | EC               | CORP              | US        |      2484 | NS      | $136818.72    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambarella Inc                          | Ambarella Inc                                 | CUSIP: N/A<br>LEI: 254900XN7F4DG0CEKC02       | Long             | EC               | CORP              | US        |     12382 | NS      | $651788.48    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Caledonia Mining Corp PLC              | Caledonia Mining Corp PLC                     | CUSIP: N/A<br>LEI: 21380093ZBI4BFM75Y51       | Long             | EC               | CORP              | ZA        |     14259 | NS      | $243828.90    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Ichor Holdings Ltd                     | Ichor Holdings Ltd                            | CUSIP: N/A<br>LEI: 529900PS8R2JVLJ2H892       | Long             | EC               | CORP              | US        |      8075 | NS      | $127423.50    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Teekay Corp Ltd                        | Teekay Corp Ltd                               | CUSIP: N/A<br>LEI: YHKQM2RIPKZYOZ6RVZ46       | Long             | EC               | CORP              | BM        |    109395 | NS      | $924387.75    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Costamare Inc                          | Costamare Inc                                 | CUSIP: N/A<br>LEI: 5299003L6NPTZ25LN818       | Long             | EC               | CORP              | MC        |     24621 | NS      | $211001.97    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ADMA Biologics Inc                     | ADMA Biologics Inc                            | CUSIP: 000899104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28086 | NS      | $557226.24    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Adtalem Global Education Inc           | Adtalem Global Education Inc                  | CUSIP: 00737L103<br>LEI: 549300Z467EZLMODV621 | Long             | EC               | CORP              | US        |      5666 | NS      | $748081.98    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexander & Baldwin Inc                | Alexander & Baldwin Inc                       | CUSIP: 014491104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     61032 | NS      | $1093083.12   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Axogen Inc                             | Axogen Inc                                    | CUSIP: 05463X106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33526 | NS      | $365098.14    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Bioventus Inc                          | Bioventus Inc                                 | CUSIP: 09075A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     56355 | NS      | $365180.40    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| BlueLinx Holdings Inc                  | BlueLinx Holdings Inc                         | CUSIP: 09624H208<br>LEI: 549300YSX7GU28F5I540 | Long             | EC               | CORP              | US        |      6906 | NS      | $462149.52    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-Maine Foods Inc                    | Cal-Maine Foods Inc                           | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |      7564 | NS      | $725614.52    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| California Resources Corp              | California Resources Corp                     | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |      8296 | NS      | $366434.32    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Cavco Industries Inc                   | Cavco Industries Inc                          | CUSIP: 149568107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2077 | NS      | $900576.82    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Cirrus Logic Inc                       | Cirrus Logic Inc                              | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |      8414 | NS      | $827601.04    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Enova International Inc                | Enova International Inc                       | CUSIP: 29357K103<br>LEI: 549300O8XOCQSB49UO63 | Long             | EC               | CORP              | US        |     12723 | NS      | $1179040.41   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Factory Holding Corp               | Fox Factory Holding Corp                      | CUSIP: 35138V102<br>LEI: 529900GE1HSV0617R721 | Long             | EC               | CORP              | US        |      3491 | NS      | $89544.15     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Interface Inc                          | Interface Inc                                 | CUSIP: 458665304<br>LEI: 549300VXZWQOIDFPU355 | Long             | EC               | CORP              | US        |     47750 | NS      | $959297.50    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| InvenTrust Properties Corp             | InvenTrust Properties Corp                    | CUSIP: 46124J201<br>LEI: 5493006BQYSOBYVUFA03 | Long             | EC               | CORP              | US        |     27926 | NS      | $784441.34    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Ligand Pharmaceuticals Inc             | Ligand Pharmaceuticals Inc                    | CUSIP: 53220K504<br>LEI: 5493008K7TB0IKP37H79 | Long             | EC               | CORP              | US        |      2875 | NS      | $293796.25    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc                 | Mueller Industries Inc                        | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |     14897 | NS      | $1160029.39   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Water Products Inc             | Mueller Water Products Inc                    | CUSIP: 624758108<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | EC               | CORP              | US        |     13138 | NS      | $322275.14    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| National HealthCare Corp               | National HealthCare Corp                      | CUSIP: 635906100<br>LEI: 254900PTS11LS1JS2752 | Long             | EC               | CORP              | US        |     10365 | NS      | $1079411.10   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG Bancorp                            | OFG Bancorp                                   | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | PR        |     14007 | NS      | $576247.98    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corp                 | Primoris Services Corp                        | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |     16708 | NS      | $1204813.88   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd                       | Essent Group Ltd                              | CUSIP: N/A<br>LEI: 254900QUO860OUT6ZF83       | Long             | EC               | CORP              | US        |     18015 | NS      | $1044870.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Natural Gas Services Group Inc         | Natural Gas Services Group Inc                | CUSIP: 63886Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2815 | NS      | $67475.55     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMrush Holdings Inc                   | SEMrush Holdings Inc                          | CUSIP: 81686C104<br>LEI: 254900WQEX0OLGK16D27 | Long             | EC               | CORP              | US        |      4733 | NS      | $46572.72     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SmartFinancial Inc                     | SmartFinancial Inc                            | CUSIP: 83190L208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4517 | NS      | $143550.26    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Telephone and Data Systems Inc         | Telephone and Data Systems Inc                | CUSIP: 879433829<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23504 | NS      | $807597.44    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries Inc                 | Valmont Industries Inc                        | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |      3546 | NS      | $1127769.84   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Viemed Healthcare Inc                  | Viemed Healthcare Inc                         | CUSIP: 92663R105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28423 | NS      | $189012.95    | 0.18%             |  |  |  | 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