# EDGAR Filing Document

**Accession Number:** 0000831114
**File Stem:** 0001145549-25-049622
**Filing Date:** 2025-7
**Character Count:** 72748
**Document Hash:** 4935c9b9b6b8a6b1620c3026142826df
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-049622.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001145549-25-049622

**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:** 251159520

**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

### Boston Partners Small Cap Value Fund II (Series ID: S000001094)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000002982 | INSTITUTIONAL | BPSIX           |
| C000002983 | INVESTOR      | BPSCX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Boston Partners Small Cap Value Fund II** | **Boston Partners Small Cap Value Fund II** | **Boston Partners Small Cap Value Fund II** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 96.5%** | **Shares** | **Value**  |
| **Communication Services - 4.0%** | **Communication Services - 4.0%** | |
| Cargurus, Inc. <sup>(a)</sup> | 104879 | $3286908 |
| EverQuote, Inc. - Class A <sup>(a)</sup> | 139956 | 3225986 |
| Magnite, Inc. <sup>(a)(b)</sup> | 581815 | 9518493 |
| Stagwell, Inc. <sup>(a)(b)</sup> | 496336 | 2213659 |
| TEGNA, Inc. | 220367 | 3684536 |
|  |  | 21929582 |
| **Consumer Discretionary - 17.3%** | **Consumer Discretionary - 17.3%** |  |
| Abercrombie & Fitch Co. - Class A <sup>(a)</sup> | 37753 | 2963233 |
| Academy Sports & Outdoors, Inc. <sup>(b)</sup> | 77333 | 3163693 |
| Adtalem Global Education, Inc. <sup>(a)</sup> | 47168 | 6227591 |
| Bath & Body Works, Inc. | 58042 | 1632141 |
| Beazer Homes USA, Inc. <sup>(a)(b)</sup> | 163178 | 3348413 |
| Boyd Gaming Corp. | 61026 | 4575119 |
| Build-A-Bear Workshop, Inc. <sup>(b)</sup> | 72094 | 3679678 |
| Carriage Services, Inc. | 133089 | 5789372 |
| Cavco Industries, Inc. <sup>(a)</sup> | 5196 | 2252960 |
| Frontdoor, Inc. <sup>(a)</sup> | 91542 | 5035725 |
| Grand Canyon Education, Inc. <sup>(a)</sup> | 37637 | 7446292 |
| Group 1 Automotive, Inc. | 10823 | 4588086 |
| Installed Building Products, Inc. <sup>(b)</sup> | 13503 | 2153458 |
| Laureate Education, Inc. <sup>(a)</sup> | 176047 | 3961057 |
| LCI Industries | 33243 | 2896795 |
| Lear Corp. | 30229 | 2733306 |
| Legacy Housing Corp. <sup>(a)</sup> | 80523 | 1794858 |
| Perdoceo Education Corp. <sup>(b)</sup> | 171292 | 5830780 |
| Taylor Morrison Home Corp. <sup>(a)</sup> | 61533 | 3463077 |
| Under Armour, Inc., Class A - Class A <sup>(a)(b)</sup> | 309852 | 2079107 |
| United Homes Group, Inc. <sup>(a)</sup> | 462758 | 1397529 |
| Universal Technical Institute, Inc. <sup>(a)</sup> | 225162 | 8000006 |
| Urban Outfitters, Inc. <sup>(a)(b)</sup> | 52236 | 3651296 |
| Wolverine World Wide, Inc. | 162011 | 2763908 |
| Wyndham Hotels & Resorts, Inc. | 34461 | 2852682 |
|  |  | 94280162 |
| **Consumer Staples - 4.5%** | **Consumer Staples - 4.5%** |  |
| BellRing Brands, Inc. <sup>(a)</sup> | 20898 | 1315529 |
| elf Beauty, Inc. <sup>(a)(b)</sup> | 39115 | 4400046 |
| Ingredion, Inc. | 38226 | 5318001 |
| Nomad Foods Ltd. | 192956 | 3376730 |
| PriceSmart, Inc. | 44429 | 4797443 |
| Simply Good Foods Co. <sup>(a)(b)</sup> | 99708 | 3440923 |
| Universal Corp. <sup>(b)</sup> | 29955 | 1958758 |
|  |  | 24607430 |
| **Energy - 3.3%** | **Energy - 3.3%** |  |
| Archrock, Inc. | 133993 | 3336426 |
| South Bow Corp. <sup>(b)</sup> | 151488 | 3938688 |
| Viper Energy, Inc. | 165645 | 6574450 |
| World Kinect Corp. <sup>(b)</sup> | 157513 | 4314281 |
|  |  | 18163845 |
| **Financials - 31.9%<sup>(c)</sup>** | **Financials - 31.9%<sup>(c)</sup>** |  |
| AllianceBernstein Holding LP | 36797 | 1470040 |
| AMERISAFE, Inc. | 44168 | 2096655 |
| Assured Guaranty Ltd. | 80598 | 6814561 |
| Axis Capital Holdings Ltd. | 65558 | 6804920 |
| Axos Financial, Inc. <sup>(a)</sup> | 39038 | 2714703 |
| BankUnited, Inc. | 82332 | 2797641 |
| Bar Harbor Bankshares | 95993 | 2791476 |
| BGC Group, Inc. - Class A | 376890 | 3497539 |
| Byline Bancorp, Inc. | 110691 | 2863576 |
| Cadence Bank | 73376 | 2223293 |
| Cass Information Systems, Inc. | 53533 | 2264446 |
| Columbia Banking System, Inc. <sup>(b)</sup> | 109954 | 2570725 |
| Diamond Hill Investment Group, Inc. | 16326 | 2306211 |
| Employers Holdings, Inc. | 41594 | 2024380 |
| Enact Holdings, Inc. | 35563 | 1258930 |
| Essent Group Ltd. | 73173 | 4244034 |
| Evercore, Inc. - Class A <sup>(b)</sup> | 22541 | 5218016 |
| EVERTEC, Inc. | 60356 | 2186698 |
| Federal Agricultural Mortgage Corp. - Class C | 47216 | 8802007 |
| First American Financial Corp. | 73372 | 4094891 |
| First Mid Bancshares, Inc. | 57943 | 2044229 |
| FirstCash Holdings, Inc. | 64261 | 8219625 |
| Global Indemnity Group LLC - Class A | 105224 | 3165138 |
| Hancock Whitney Corp. <sup>(b)</sup> | 55310 | 3023798 |
| Heritage Commerce Corp. | 158657 | 1469164 |
| Home BancShares, Inc. | 80917 | 2289142 |
| James River Group Holdings Ltd. | 550765 | 3205452 |
| Kemper Corp. | 78592 | 5008668 |
| Nicolet Bankshares, Inc. <sup>(b)</sup> | 22512 | 2760872 |
| Northeast Bank | 52257 | 4380704 |
| Northrim BanCorp, Inc. | 26659 | 2441964 |
| Old National Bancorp <sup>(b)</sup> | 170634 | 3559425 |
| Oportun Financial Corp. <sup>(a)</sup> | 391926 | 2606308 |
| Oppenheimer Holdings, Inc. - Class A | 45128 | 2946407 |
| Peapack-Gladstone Financial Corp. | 93876 | 2574080 |
| PennyMac Financial Services, Inc. | 55831 | 5359776 |
| PennyMac Mortgage Investment Trust | 199624 | 2451383 |
| Preferred Bank <sup>(b)</sup> | 73785 | 6169164 |
| Primis Financial Corp. | 227575 | 2155135 |
| Redwood Trust, Inc. | 379758 | 2069681 |
| Shift4 Payments, Inc. - Class A <sup>(a)(b)</sup> | 31028 | 2941144 |
| Silvercrest Asset Management Group, Inc. - Class A | 160681 | 2333088 |
| SLM Corp. | 260133 | 8420505 |
| Starwood Property Trust, Inc. <sup>(b)</sup> | 118506 | 2340494 |
| Stewart Information Services Corp. | 54291 | 3275919 |
| StoneX Group, Inc. <sup>(a)</sup> | 62655 | 5304059 |
| Voya Financial, Inc. | 54066 | 3596470 |
| White Mountains Insurance Group Ltd. | 2056 | 3669549 |
| Wintrust Financial Corp. | 19889 | 2374946 |
| WSFS Financial Corp. | 55033 | 2910695 |
|  |  | 174111726 |
| **Health Care - 4.5%** | **Health Care - 4.5%** |  |
| Addus HomeCare Corp. <sup>(a)(b)</sup> | 31423 | 3485125 |
| Catalyst Pharmaceuticals, Inc. <sup>(a)</sup> | 122179 | 3049588 |
| Haemonetics Corp. <sup>(a)(b)</sup> | 52850 | 3578473 |
| Halozyme Therapeutics, Inc. <sup>(a)(b)</sup> | 38577 | 2163012 |
| Harmony Biosciences Holdings, Inc. <sup>(a)</sup> | 63500 | 2190750 |
| Lantheus Holdings, Inc. <sup>(a)(b)</sup> | 49247 | 3721103 |
| Option Care Health, Inc. <sup>(a)</sup> | 90295 | 2950841 |
| Pediatrix Medical Group, Inc. <sup>(a)</sup> | 248193 | 3511931 |
|  |  | 24650823 |
| **Industrials - 17.8%** | **Industrials - 17.8%** |  |
| ABM Industries, Inc. | 82743 | 4356419 |
| Asure Software, Inc. <sup>(a)</sup> | 159433 | 1546500 |
| Atmus Filtration Technologies, Inc. | 72560 | 2613611 |
| AZZ, Inc. <sup>(b)</sup> | 25207 | 2286023 |
| Brady Corp. - Class A | 26601 | 1855952 |
| Brink's Co. | 39565 | 3246704 |
| Civeo Corp. | 106165 | 2315459 |
| Concentrix Corp. <sup>(b)</sup> | 63111 | 3532007 |
| CRA International, Inc. | 24190 | 4597309 |
| DXP Enterprises, Inc. <sup>(a)</sup> | 54057 | 4469433 |
| EnerSys | 32881 | 2749838 |
| First Advantage Corp. <sup>(a)(b)</sup> | 259956 | 4450447 |
| Granite Construction, Inc. <sup>(b)</sup> | 56936 | 5092925 |
| Griffon Corp. | 55803 | 3836456 |
| Heidrick & Struggles International, Inc. | 63371 | 2766778 |
| Huron Consulting Group, Inc. <sup>(a)</sup> | 21958 | 3136261 |
| IBEX Holdings Ltd. <sup>(a)</sup> | 180182 | 5187440 |
| Janus International Group, Inc. <sup>(a)(b)</sup> | 373752 | 3053554 |
| Karat Packaging, Inc. | 84570 | 2660572 |
| KBR, Inc. | 94019 | 4906852 |
| Kelly Services, Inc. - Class A | 215537 | 2526094 |
| LSI Industries, Inc. | 150217 | 2444031 |
| Masterbrand, Inc. <sup>(a)</sup> | 181538 | 1851688 |
| Matson, Inc. | 30197 | 3407731 |
| Maximus, Inc. | 39579 | 2869873 |
| Primoris Services Corp. | 75881 | 5471779 |
| Sensata Technologies Holding PLC | 109433 | 2851824 |
| Sterling Infrastructure, Inc. <sup>(a)</sup> | 24240 | 4557362 |
| V2X, Inc. <sup>(a)</sup> | 51948 | 2352205 |
|  |  | 96993127 |
| **Information Technology - 9.7%** | **Information Technology - 9.7%** |  |
| Adeia, Inc. | 311706 | 4002305 |
| Arrow Electronics, Inc. <sup>(a)</sup> | 34264 | 4056172 |
| Avnet, Inc. | 81469 | 4074265 |
| Axcelis Technologies, Inc. <sup>(a)(b)</sup> | 50481 | 2844099 |
| Bel Fuse, Inc. - Class B <sup>(b)</sup> | 41096 | 3032885 |
| Belden, Inc. | 28994 | 3079163 |
| Benchmark Electronics, Inc. | 81204 | 2965570 |
| Hackett Group, Inc. | 76854 | 1884460 |
| indie Semiconductor, Inc. - Class A <sup>(a)(b)</sup> | 429021 | 1136906 |
| InterDigital, Inc. <sup>(b)</sup> | 29556 | 6421336 |
| LiveRamp Holdings, Inc. <sup>(a)</sup> | 115512 | 3763381 |
| NCR Voyix Corp. <sup>(a)(b)</sup> | 262871 | 2915239 |
| OSI Systems, Inc. <sup>(a)(b)</sup> | 12990 | 2846239 |
| Photronics, Inc. <sup>(a)</sup> | 108553 | 1813921 |
| Qorvo, Inc. <sup>(a)</sup> | 29154 | 2216287 |
| Ultra Clean Holdings, Inc. <sup>(a)</sup> | 108056 | 2093045 |
| Verint Systems, Inc. <sup>(a)</sup> | 104700 | 1836438 |
| Yext, Inc. <sup>(a)</sup> | 331937 | 2227297 |
|  |  | 53209008 |
| **Materials - 1.3%** | **Materials - 1.3%** |  |
| Ecovyst, Inc. <sup>(a)</sup> | 360808 | 2688020 |
| Knife River Corp. <sup>(a)</sup> | 29946 | 2817919 |
| Myers Industries, Inc. <sup>(b)</sup> | 142637 | 1810063 |
|  |  | 7316002 |
| **Real Estate - 1.4%** | **Real Estate - 1.4%** |  |
| BRT Apartments Corp. | 83670 | 1318639 |
| Cousins Properties, Inc. | 82517 | 2316252 |
| CTO Realty Growth, Inc. | 111339 | 2050865 |
| First Industrial Realty Trust, Inc. | 41409 | 2046847 |
|  |  | 7732603 |
| **Utilities - 0.8%** | **Utilities - 0.8%** |  |
| OGE Energy Corp. | 57590 | 2561027 |
| Pure Cycle Corp. <sup>(a)</sup> | 150580 | 1599160 |
|  |  | 4160187 |
| **TOTAL COMMON STOCKS** (Cost $429,998,849) | **TOTAL COMMON STOCKS** (Cost $429,998,849) | 527154495 |
| **CLOSED-END FUNDS - 1.1%** | **Shares** | **Value** |
| Blue Owl Capital Corp. | 192967 | 2826966 |
| Golub Capital BDC, Inc. <sup>(b)</sup> | 189610 | 2883968 |
| **TOTAL CLOSED-END FUNDS** (Cost $5,927,168) | **TOTAL CLOSED-END FUNDS** (Cost $5,927,168) | 5710934 |
| **SHORT-TERM INVESTMENTS - 20.4%** |  | **Value**  |
| **Investments Purchased with Proceeds from Securities Lending - 20.4%** | **<u>Units</u>** |  |
| Mount Vernon Liquid Assets Portfolio, LLC, 4.45% <sup>(d)</sup> | 111432024 | 111432024 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $111,432,024) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $111,432,024) | 111432024 |
| **TOTAL INVESTMENTS - 118.0% (**Cost $547,358,041**)** | **TOTAL INVESTMENTS - 118.0% (**Cost $547,358,041**)** | 644297453 |
| Liabilities in Excess of Other Assets - (18.0)% | Liabilities in Excess of Other Assets - (18.0)% | (97908482) |
| **TOTAL NET ASSETS - 100.0%** |  | $546388971 |
| 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. |

---

LLC - Limited Liability Company <br> LP - Limited Partnership <br> PLC - Public Limited Company

(a) Non-income producing security.

(b) All or a portion of this security is on loan as of May 31, 2025. The fair value of these securities was $108,209,214.

(c) To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those
 industries or sectors.

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

------

#### <br>

#### Summary of Fair Value Disclosure as of May 31, 2025 (Unaudited)
Boston Partners Small Cap Value Fund II (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 | $527154495 | $– | $– | $527154495 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Closed-End Funds | 5710934 | – | – | 5710934 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Investments Purchased with Proceeds from Securities Lending<sup>(a)</sup> | – | – | – | 111432024 |
| Total Investments | $532865429 | $– | $– | $644297453 |
| 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. |

---

(a) Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair
 value amount of $111,432,024 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.

## 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:** Boston Partners Small Cap Value Fund II

- **b. EDGAR series identifier (if any):** S000001094

- **c. LEI of Series:** 549300EE05OFMWYSCJ83

**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:** $658725279.77

**Total Liabilities:** $112262639.43

**Net Assets:** $546462640.34

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000002982 | -5.89%               | -2.53%               | 5.96%                |
| Class ID C000002983 | -5.90%               | -2.59%               | 5.94%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3748574.75              | $-37446560.46                              |
| Month 2  | $-1402466.28             | $-11966840.17                              |
| Month 3  | $4633969.09              | $25546495.90                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| AZZ Inc                                   | AZZ Inc                                   | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |     25207 | NS      | $2286022.83   | 0.42%             |  |  |  | No            | 1                  | On Loan: —       |
| Asure Software Inc                        | Asure Software Inc                        | CUSIP: 04649U102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    159433 | NS      | $1546500.10   | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Atmus Filtration Technologies             | Atmus Filtration Technologies Inc         | CUSIP: 04956D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     72560 | NS      | $2613611.20   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Avnet Inc                                 | Avnet Inc                                 | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |     81469 | NS      | $4074264.69   | 0.75%             |  |  |  | No            | 1                  | On Loan: No      |
| Axcelis Technologies Inc                  | Axcelis Technologies Inc                  | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |     50481 | NS      | $2844099.54   | 0.52%             |  |  |  | No            | 1                  | On Loan: —       |
| Axos Financial Inc                        | Axos Financial Inc                        | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |     39038 | NS      | $2714702.52   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| BRT Apartments Corp                       | BRT Apartments Corp                       | CUSIP: 055645303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     83670 | NS      | $1318639.20   | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| BankUnited Inc                            | BankUnited Inc                            | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |     82332 | NS      | $2797641.36   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Bar Harbor Bankshares                     | Bar Harbor Bankshares                     | CUSIP: 066849100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     95993 | NS      | $2791476.44   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Bath & Body Works Inc                     | Bath & Body Works Inc                     | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |     58042 | NS      | $1632141.04   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Benchmark Electronics Inc                 | Benchmark Electronics Inc                 | CUSIP: 08160H101<br>LEI: 549300W18RHYZOZKOP53 | Long             | EC               | CORP              | US        |     81204 | NS      | $2965570.08   | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| BGC Group Inc                             | BGC Group Inc                             | CUSIP: 088929104<br>LEI: 2549001IGRCG4F0RLD36 | Long             | EC               | CORP              | US        |    376890 | NS      | $3497539.20   | 0.64%             |  |  |  | No            | 1                  | On Loan: No      |
| Boyd Gaming Corp                          | Boyd Gaming Corp                          | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |     61026 | NS      | $4575119.22   | 0.84%             |  |  |  | No            | 1                  | On Loan: No      |
| Brady Corp                                | Brady Corp                                | CUSIP: 104674106<br>LEI: 549300G2LEQOFQC8GY34 | Long             | EC               | CORP              | US        |     26601 | NS      | $1855951.77   | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Brink's Co/The                            | Brink's Co/The                            | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |     39565 | NS      | $3246703.90   | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Build-A-Bear Workshop Inc                 | Build-A-Bear Workshop Inc                 | CUSIP: 120076104<br>LEI: 529900S9MWZC1UBF3D13 | Long             | EC               | CORP              | US        |     72094 | NS      | $3679677.76   | 0.67%             |  |  |  | No            | 1                  | On Loan: —       |
| Byline Bancorp Inc                        | Byline Bancorp Inc                        | CUSIP: 124411109<br>LEI: 549300W7ODP4YL2H4823 | Long             | EC               | CORP              | US        |    110691 | NS      | $2863576.17   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Cadence Bank                              | Cadence Bank                              | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |     73376 | NS      | $2223292.80   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Cargurus Inc                              | Cargurus Inc                              | CUSIP: 141788109<br>LEI: 54930027BKQN6B7X7G78 | Long             | EC               | CORP              | US        |    104879 | NS      | $3286907.86   | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| Carriage Services Inc                     | Carriage Services Inc                     | CUSIP: 143905107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    133089 | NS      | $5789371.50   | 1.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Cass Information Systems Inc              | Cass Information Systems Inc              | CUSIP: 14808P109<br>LEI: 549300G7XPIPR7SJ2F38 | Long             | EC               | CORP              | US        |     53533 | NS      | $2264445.90   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Catalyst Pharmaceuticals Inc              | Catalyst Pharmaceuticals Inc              | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               | CORP              | US        |    122179 | NS      | $3049587.84   | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Cavco Industries Inc                      | Cavco Industries Inc                      | CUSIP: 149568107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5196 | NS      | $2252959.62   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Civeo Corp                                | Civeo Corp                                | CUSIP: 17878Y207<br>LEI: 254900H0BM0N0O4MSY43 | Long             | EC               | CORP              | US        |    106165 | NS      | $2315458.65   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Columbia Banking System Inc               | Columbia Banking System Inc               | CUSIP: 197236102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    109954 | NS      | $2570724.52   | 0.47%             |  |  |  | No            | 1                  | On Loan: —       |
| Concentrix Corp                           | Concentrix Corp                           | CUSIP: 20602D101<br>LEI: 5493000EAJN1KMPVA737 | Long             | EC               | CORP              | US        |     63111 | NS      | $3532007.12   | 0.65%             |  |  |  | No            | 1                  | On Loan: —       |
| Cousins Properties Inc                    | Cousins Properties Inc                    | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               | CORP              | US        |     82517 | NS      | $2316252.19   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| elf Beauty Inc                            | elf Beauty Inc                            | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Long             | EC               | CORP              | US        |     39115 | NS      | $4400046.35   | 0.81%             |  |  |  | No            | 1                  | On Loan: —       |
| Ecovyst Inc                               | Ecovyst Inc                               | CUSIP: 27923Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    360808 | NS      | $2688019.60   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Employers Holdings Inc                    | Employers Holdings Inc                    | CUSIP: 292218104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41594 | NS      | $2024379.98   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Enact Holdings Inc                        | Enact Holdings Inc                        | CUSIP: 29249E109<br>LEI: 9845003CA5664B741N19 | Long             | EC               | CORP              | US        |     51950 | NS      | $1839030.00   | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| EnerSys                                   | EnerSys                                   | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |     32881 | NS      | $2749838.03   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Evercore Inc                              | Evercore Inc                              | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |     22541 | NS      | $5218016.09   | 0.95%             |  |  |  | No            | 1                  | On Loan: —       |
| EVERTEC Inc                               | EVERTEC Inc                               | CUSIP: 30040P103<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |     60356 | NS      | $2186697.88   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| EverQuote Inc                             | EverQuote Inc                             | CUSIP: 30041R108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    139956 | NS      | $3225985.80   | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Farmer Mac                                | Federal Agricultural Mortgage Corp        | CUSIP: 313148306<br>LEI: 549300MS654K78GYF580 | Long             | EC               | CORP              | US        |     47216 | NS      | $8802006.72   | 1.61%             |  |  |  | No            | 1                  | On Loan: No      |
| First Advantage Corp                      | First Advantage Corp                      | CUSIP: 31846B108<br>LEI: 549300RNJ0PXU8FP7D06 | Long             | EC               | CORP              | US        |    259956 | NS      | $4450446.72   | 0.81%             |  |  |  | No            | 1                  | On Loan: —       |
| First American Financial Corp             | First American Financial Corp             | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |     73372 | NS      | $4094891.32   | 0.75%             |  |  |  | No            | 1                  | On Loan: No      |
| First Industrial Realty Trust             | First Industrial Realty Trust Inc         | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41409 | NS      | $2046846.87   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| First Mid Bancshares Inc                  | First Mid Bancshares Inc                  | CUSIP: 320866106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     57943 | NS      | $2044229.04   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Pediatrix Medical Group Inc               | Pediatrix Medical Group Inc               | CUSIP: 58502B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    248193 | NS      | $3511930.95   | 0.64%             |  |  |  | No            | 1                  | On Loan: No      |
| Nicolet Bankshares Inc                    | Nicolet Bankshares Inc                    | CUSIP: 65406E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22512 | NS      | $2760871.68   | 0.51%             |  |  |  | No            | 1                  | On Loan: —       |
| Northeast Bank                            | Northeast Bank                            | CUSIP: 66405S100<br>LEI: 549300F0LV9TSW34E306 | Long             | EC               | CORP              | US        |     52257 | NS      | $4380704.31   | 0.80%             |  |  |  | No            | 1                  | On Loan: No      |
| Northrim BanCorp Inc                      | Northrim BanCorp Inc                      | CUSIP: 666762109<br>LEI: 5493006X7RLLTZ3SG075 | Long             | EC               | CORP              | US        |     26659 | NS      | $2441964.40   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| OGE Energy Corp                           | OGE Energy Corp                           | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |     57590 | NS      | $2561027.30   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| OSI Systems Inc                           | OSI Systems Inc                           | CUSIP: 671044105<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | EC               | CORP              | US        |     12990 | NS      | $2846238.90   | 0.52%             |  |  |  | No            | 1                  | On Loan: —       |
| Blue Owl Capital Corp                     | Blue Owl Capital Corp                     | CUSIP: 69121K104<br>LEI: 2549000BD79OOCPF2L94 | Long             | EC               | CORP              | US        |    192967 | NS      | $2826966.55   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Peapack-Gladstone Financial Co            | Peapack-Gladstone Financial Corp          | CUSIP: 704699107<br>LEI: 549300G8DN2UK8K0ET30 | Long             | EC               | CORP              | US        |     93876 | NS      | $2574079.92   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| PennyMac Mortgage Investment T            | PennyMac Mortgage Investment Trust        | CUSIP: 70931T103<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EC               | CORP              | US        |    199624 | NS      | $2451382.72   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| PennyMac Financial Services In            | PennyMac Financial Services Inc           | CUSIP: 70932M107<br>LEI: 549300W1D516HBDEU871 | Long             | EC               | CORP              | US        |     55831 | NS      | $5359776.00   | 0.98%             |  |  |  | No            | 1                  | On Loan: No      |
| Perdoceo Education Corp                   | Perdoceo Education Corp                   | CUSIP: 71363P106<br>LEI: 529900X5PCA184O9LY90 | Long             | EC               | CORP              | US        |    171292 | NS      | $5830779.68   | 1.07%             |  |  |  | No            | 1                  | On Loan: —       |
| Photronics Inc                            | Photronics Inc                            | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |    108553 | NS      | $1813920.63   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Preferred Bank/Los Angeles CA             | Preferred Bank/Los Angeles CA             | CUSIP: 740367404<br>LEI: 5493007K6HGI9G0ECX16 | Long             | EC               | CORP              | US        |     73785 | NS      | $6169163.85   | 1.13%             |  |  |  | No            | 1                  | On Loan: —       |
| PriceSmart Inc                            | PriceSmart Inc                            | CUSIP: 741511109<br>LEI: 549300JVYOSTGVSDZS46 | Long             | EC               | CORP              | US        |     44429 | NS      | $4797443.42   | 0.88%             |  |  |  | No            | 1                  | On Loan: No      |
| Primoris Services Corp                    | Primoris Services Corp                    | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |     75881 | NS      | $5471778.91   | 1.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Primis Financial Corp                     | Primis Financial Corp                     | CUSIP: 74167B109<br>LEI: 549300JNX3M2EENG1F11 | Long             | EC               | CORP              | US        |    227575 | NS      | $2155135.25   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Academy Sports & Outdoors Inc             | Academy Sports & Outdoors Inc             | CUSIP: 00402L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     77333 | NS      | $3163693.03   | 0.58%             |  |  |  | No            | 1                  | On Loan: —       |
| Pure Cycle Corp                           | Pure Cycle Corp                           | CUSIP: 746228303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    150580 | NS      | $1599159.60   | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Qorvo Inc                                 | Qorvo Inc                                 | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |     29154 | NS      | $2216287.08   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Redwood Trust Inc                         | Redwood Trust Inc                         | CUSIP: 758075402<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EC               | CORP              | US        |    379758 | NS      | $2069681.10   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| SLM Corp                                  | SLM Corp                                  | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    260133 | NS      | $8420505.21   | 1.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Shift4 Payments Inc                       | Shift4 Payments Inc                       | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31028 | NS      | $2941144.12   | 0.54%             |  |  |  | No            | 1                  | On Loan: —       |
| Silvercrest Asset Management G            | Silvercrest Asset Management Group Inc    | CUSIP: 828359109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    160681 | NS      | $2333088.12   | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Simply Good Foods Co/The                  | Simply Good Foods Co/The                  | CUSIP: 82900L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     99708 | NS      | $3440923.08   | 0.63%             |  |  |  | No            | 1                  | On Loan: —       |
| Stewart Information Services C            | Stewart Information Services Corp         | CUSIP: 860372101<br>LEI: 529900TV1XI0PLKENU10 | Long             | EC               | CORP              | US        |     54291 | NS      | $3275918.94   | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| StoneX Group Inc                          | StoneX Group Inc                          | CUSIP: 861896108<br>LEI: 549300JUF07L8VF02M60 | Long             | EC               | CORP              | US        |     62655 | NS      | $5304059.03   | 0.97%             |  |  |  | No            | 1                  | On Loan: No      |
| Taylor Morrison Home Corp                 | Taylor Morrison Home Corp                 | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |     61533 | NS      | $3463077.24   | 0.63%             |  |  |  | No            | 1                  | On Loan: No      |
| TEGNA Inc                                 | TEGNA Inc                                 | CUSIP: 87901J105<br>LEI: 549300YC5EDBGX85AO10 | Long             | EC               | CORP              | US        |    220367 | NS      | $3684536.24   | 0.67%             |  |  |  | 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        |   2577347 | NS      | $2577346.99   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Ultra Clean Holdings Inc                  | Ultra Clean Holdings Inc                  | CUSIP: 90385V107<br>LEI: 5493007L6LS7QX18PE75 | Long             | EC               | CORP              | US        |    108056 | NS      | $2093044.72   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Under Armour Inc                          | Under Armour Inc                          | CUSIP: 904311107<br>LEI: 549300D4549QKWETZ406 | Long             | EC               | CORP              | US        |    309852 | NS      | $2079106.92   | 0.38%             |  |  |  | No            | 1                  | On Loan: —       |
| United Homes Group Inc                    | United Homes Group Inc                    | CUSIP: 91060H108<br>LEI: 549300HWN3ECTEH7I380 | Long             | EC               | CORP              | US        |    462758 | NS      | $1397529.16   | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Universal Corp/VA                         | Universal Corp/VA                         | CUSIP: 913456109<br>LEI: 549300BZXZ66F6DTIF20 | Long             | EC               | CORP              | US        |     29955 | NS      | $1958757.45   | 0.36%             |  |  |  | No            | 1                  | On Loan: —       |
| Universal Technical Institute             | Universal Technical Institute Inc         | CUSIP: 913915104<br>LEI: 2549003YOJGAZ0PVFV48 | Long             | EC               | CORP              | US        |    225162 | NS      | $8000005.86   | 1.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Urban Outfitters Inc                      | Urban Outfitters Inc                      | CUSIP: 917047102<br>LEI: 549300N3DUFR5U6NRN38 | Long             | EC               | CORP              | US        |     52236 | NS      | $3651296.40   | 0.67%             |  |  |  | No            | 1                  | On Loan: —       |
| V2X Inc                                   | V2X Inc                                   | CUSIP: 92242T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51948 | NS      | $2352205.44   | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Tri-State Deposit                         | Tri-State Deposit                         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |  12541634 | PA      | $12541633.86  | 2.30%             | 2050-01-01      | Variable      | 4.45%                 | No            | 2                  | On Loan: No      |
| Assured Guaranty Ltd                      | Assured Guaranty Ltd                      | CUSIP: N/A<br>LEI: 549300BBOQUJEPH87M14       | Long             | EC               | CORP              | BM        |     80598 | NS      | $6814560.90   | 1.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Axis Capital Holdings Ltd                 | Axis Capital Holdings Ltd                 | CUSIP: N/A<br>LEI: 635400VD2NQBYAHMEM55       | Long             | EC               | CORP              | BM        |     65558 | NS      | $6804920.40   | 1.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Essent Group Ltd                          | Essent Group Ltd                          | CUSIP: N/A<br>LEI: 254900QUO860OUT6ZF83       | Long             | EC               | CORP              | US        |     73173 | NS      | $4244034.00   | 0.78%             |  |  |  | No            | 1                  | On Loan: No      |
| Nomad Foods Ltd                           | Nomad Foods Ltd                           | CUSIP: N/A<br>LEI: 5493000ZZ1837DS2SI43       | Long             | EC               | CORP              | GB        |    192956 | NS      | $3376730.00   | 0.62%             |  |  |  | No            | 1                  | On Loan: No      |
| Sensata Technologies Holding P            | Sensata Technologies Holding PLC          | CUSIP: N/A<br>LEI: 529900MS7KFYCY9MS037       | Long             | EC               | CORP              | US        |    109433 | NS      | $2851823.98   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Addus HomeCare Corp                       | Addus HomeCare Corp                       | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |     31423 | NS      | $3485124.93   | 0.64%             |  |  |  | No            | 1                  | On Loan: —       |
| Adeia Inc                                 | Adeia Inc                                 | CUSIP: 00676P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    311706 | NS      | $4002305.04   | 0.73%             |  |  |  | No            | 1                  | On Loan: No      |
| Adtalem Global Education Inc              | Adtalem Global Education Inc              | CUSIP: 00737L103<br>LEI: 549300Z467EZLMODV621 | Long             | EC               | CORP              | US        |     47168 | NS      | $6227591.04   | 1.14%             |  |  |  | No            | 1                  | On Loan: No      |
| AllianceBernstein Holding LP              | AllianceBernstein Holding LP              | CUSIP: 01881G106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36797 | NS      | $1470040.15   | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| AMERISAFE Inc                             | AMERISAFE Inc                             | CUSIP: 03071H100<br>LEI: 2549002B4EXPBLGMNN22 | Long             | EC               | CORP              | US        |     44168 | NS      | $2096654.96   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Archrock Inc                              | Archrock Inc                              | CUSIP: 03957W106<br>LEI: 549300K3RIHMHDVFTL28 | Long             | EC               | CORP              | US        |    133993 | NS      | $3336425.70   | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| Arrow Electronics Inc                     | Arrow Electronics Inc                     | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |     34264 | NS      | $4056172.32   | 0.74%             |  |  |  | No            | 1                  | On Loan: No      |
| ABM Industries Inc                        | ABM Industries Inc                        | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               | CORP              | US        |     82743 | NS      | $4356418.95   | 0.80%             |  |  |  | No            | 1                  | On Loan: No      |
| Abercrombie & Fitch Co                    | Abercrombie & Fitch Co                    | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |     37753 | NS      | $2963232.97   | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Beazer Homes USA Inc                      | Beazer Homes USA Inc                      | CUSIP: 07556Q881<br>LEI: 549300DUPYT2T0F60I45 | Long             | EC               | CORP              | US        |    163178 | NS      | $3348412.56   | 0.61%             |  |  |  | No            | 1                  | On Loan: —       |
| Bel Fuse Inc                              | Bel Fuse Inc                              | CUSIP: 077347300<br>LEI: 2549009L4XYDBRRY6X39 | Long             | EC               | CORP              | US        |     41096 | NS      | $3032884.80   | 0.56%             |  |  |  | No            | 1                  | On Loan: —       |
| Belden Inc                                | Belden Inc                                | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |     28994 | NS      | $3079162.80   | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| BellRing Brands Inc                       | BellRing Brands Inc                       | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |     20898 | NS      | $1315529.10   | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| CRA International Inc                     | CRA International Inc                     | CUSIP: 12618T105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24190 | NS      | $4597309.50   | 0.84%             |  |  |  | No            | 1                  | On Loan: No      |
| CTO Realty Growth Inc                     | CTO Realty Growth Inc                     | CUSIP: 22948Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    111339 | NS      | $2050864.38   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| DXP Enterprises Inc/TX                    | DXP Enterprises Inc/TX                    | CUSIP: 233377407<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54057 | NS      | $4469432.76   | 0.82%             |  |  |  | No            | 1                  | On Loan: No      |
| Diamond Hill Investment Group             | Diamond Hill Investment Group Inc         | CUSIP: 25264R207<br>LEI: 549300AQ6779A0B7VZ57 | Long             | EC               | CORP              | US        |     16326 | NS      | $2306210.76   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Huron Consulting Group Inc                | Huron Consulting Group Inc                | CUSIP: 447462102<br>LEI: 549300NGVB9H6TKTLE36 | Long             | EC               | CORP              | US        |     21958 | NS      | $3136261.14   | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| indie Semiconductor Inc                   | indie Semiconductor Inc                   | CUSIP: 45569U101<br>LEI: 254900L1MFXFYGB1PV53 | Long             | EC               | CORP              | US        |    429021 | NS      | $1136905.65   | 0.21%             |  |  |  | No            | 1                  | On Loan: —       |
| Ingredion Inc                             | Ingredion Inc                             | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |     38226 | NS      | $5318001.12   | 0.97%             |  |  |  | No            | 1                  | On Loan: No      |
| Maximus Inc                               | Maximus Inc                               | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               | CORP              | US        |     39579 | NS      | $2869873.29   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Myers Industries Inc                      | Myers Industries Inc                      | CUSIP: 628464109<br>LEI: 549300I2H9XMVTCW4Q51 | Long             | EC               | CORP              | US        |    142637 | NS      | $1810063.53   | 0.33%             |  |  |  | No            | 1                  | On Loan: —       |
| NCR Voyix Corp                            | NCR Voyix Corp                            | CUSIP: 62886E108<br>LEI: 549300YKTY8JX1DV2R67 | Long             | EC               | CORP              | US        |    262871 | NS      | $2915239.39   | 0.53%             |  |  |  | No            | 1                  | On Loan: —       |
| Old National Bancorp/IN                   | Old National Bancorp/IN                   | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |    170634 | NS      | $3559425.24   | 0.65%             |  |  |  | No            | 1                  | On Loan: —       |
| Oportun Financial Corp                    | Oportun Financial Corp                    | CUSIP: 68376D104<br>LEI: 549300351Y4J4FKIOR78 | Long             | EC               | CORP              | US        |    391926 | NS      | $2606307.90   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Oppenheimer Holdings Inc                  | Oppenheimer Holdings Inc                  | CUSIP: 683797104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45128 | NS      | $2946407.12   | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Option Care Health Inc                    | Option Care Health Inc                    | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |     90295 | NS      | $2950840.60   | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| South Bow Corp                            | South Bow Corp                            | CUSIP: 83671M105<br>LEI: 2549000XS5TAFA3YF943 | Long             | EC               | CORP              | CA        |    151488 | NS      | $3938688.00   | 0.72%             |  |  |  | No            | 1                  | On Loan: —       |
| Stagwell Inc                              | Stagwell Inc                              | CUSIP: 85256A109<br>LEI: 549300KIYTU6J3NYJ009 | Long             | EC               | CORP              | US        |    496336 | NS      | $2213658.56   | 0.41%             |  |  |  | No            | 1                  | On Loan: —       |
| Starwood Property Trust Inc               | Starwood Property Trust Inc               | CUSIP: 85571B105<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | EC               | CORP              | US        |    118506 | NS      | $2340493.50   | 0.43%             |  |  |  | No            | 1                  | On Loan: —       |
| Sterling Infrastructure Inc               | Sterling Infrastructure Inc               | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |     24240 | NS      | $4557362.40   | 0.83%             |  |  |  | No            | 1                  | On Loan: No      |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        | 111432024 | NS      | $111432024.00 | 20.39%            |  |  |  | No            | N/A                | On Loan: No      |
| IBEX Holdings Ltd                         | IBEX Holdings Ltd                         | CUSIP: N/A<br>LEI: 5493000GRFLPVYU2CX17       | Long             | EC               | CORP              | US        |    180182 | NS      | $5187439.78   | 0.95%             |  |  |  | No            | 1                  | On Loan: No      |
| Verint Systems Inc                        | Verint Systems Inc                        | CUSIP: 92343X100<br>LEI: 549300KEQJS5FRVUCO94 | Long             | EC               | CORP              | US        |    104700 | NS      | $1836438.00   | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Viper Energy Inc                          | Viper Energy Inc                          | CUSIP: 927959106<br>LEI: 5299009LINL232255G03 | Long             | EC               | CORP              | US        |    165645 | NS      | $6574450.05   | 1.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Voya Financial Inc                        | Voya Financial Inc                        | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |     54066 | NS      | $3596470.32   | 0.66%             |  |  |  | No            | 1                  | On Loan: No      |
| WSFS Financial Corp                       | WSFS Financial Corp                       | CUSIP: 929328102<br>LEI: 549300SU7VQHD6QRG886 | Long             | EC               | CORP              | US        |     55033 | NS      | $2910695.37   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Wyndham Hotels & Resorts Inc              | Wyndham Hotels & Resorts Inc              | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |     34461 | NS      | $2852681.58   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Wintrust Financial Corp                   | Wintrust Financial Corp                   | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |     19889 | NS      | $2374945.49   | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Wolverine World Wide Inc                  | Wolverine World Wide Inc                  | CUSIP: 978097103<br>LEI: 549300OVC7PK14LQ8D87 | Long             | EC               | CORP              | US        |    162011 | NS      | $2763907.66   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| World Kinect Corp                         | World Kinect Corp                         | CUSIP: 981475106<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | EC               | CORP              | US        |    157513 | NS      | $4314281.07   | 0.79%             |  |  |  | No            | 1                  | On Loan: —       |
| White Mountains Insurance Grou            | White Mountains Insurance Group Ltd       | CUSIP: N/A<br>LEI: 549300N3FL068JERBG02       | Long             | EC               | CORP              | US        |      2056 | NS      | $3669548.80   | 0.67%             |  |  |  | No            | 1                  | On Loan: No      |
| Yext Inc                                  | Yext Inc                                  | CUSIP: 98585N106<br>LEI: 5299008ZQSBBVH7K0589 | Long             | EC               | CORP              | US        |    331937 | NS      | $2227297.27   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| FirstCash Holdings Inc                    | FirstCash Holdings Inc                    | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     64261 | NS      | $8219624.51   | 1.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Frontdoor Inc                             | Frontdoor Inc                             | CUSIP: 35905A109<br>LEI: 5493008RB0JZJI3QGZ06 | Long             | EC               | CORP              | US        |     91542 | NS      | $5035725.42   | 0.92%             |  |  |  | No            | 1                  | On Loan: No      |
| Global Indemnity Group LLC                | Global Indemnity Group LLC                | CUSIP: 37959R103<br>LEI: 549300KNR55WEKSPTK65 | Long             | EC               | CORP              | US        |    105224 | NS      | $3165137.92   | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Golub Capital BDC Inc                     | Golub Capital BDC Inc                     | CUSIP: 38173M102<br>LEI: 2549005WE0QLGK9APF78 | Long             | EC               | CORP              | US        |    189610 | NS      | $2883968.10   | 0.53%             |  |  |  | No            | 1                  | On Loan: —       |
| Grand Canyon Education Inc                | Grand Canyon Education Inc                | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |     37637 | NS      | $7446292.27   | 1.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Granite Construction Inc                  | Granite Construction Inc                  | CUSIP: 387328107<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | EC               | CORP              | US        |     56936 | NS      | $5092925.20   | 0.93%             |  |  |  | No            | 1                  | On Loan: —       |
| Griffon Corp                              | Griffon Corp                              | CUSIP: 398433102<br>LEI: 5493000C2SGNC7ZN3242 | Long             | EC               | CORP              | US        |     55803 | NS      | $3836456.25   | 0.70%             |  |  |  | No            | 1                  | On Loan: No      |
| Group 1 Automotive Inc                    | Group 1 Automotive Inc                    | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |     10823 | NS      | $4588086.16   | 0.84%             |  |  |  | No            | 1                  | On Loan: No      |
| Hackett Group Inc/The                     | Hackett Group Inc/The                     | CUSIP: 404609109<br>LEI: 5K016KLIRB6156644289 | Long             | EC               | CORP              | US        |     76854 | NS      | $1884460.08   | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Haemonetics Corp                          | Haemonetics Corp                          | CUSIP: 405024100<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | EC               | CORP              | US        |     52850 | NS      | $3578473.50   | 0.65%             |  |  |  | No            | 1                  | On Loan: —       |
| Halozyme Therapeutics Inc                 | Halozyme Therapeutics Inc                 | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     38577 | NS      | $2163012.39   | 0.40%             |  |  |  | No            | 1                  | On Loan: —       |
| Hancock Whitney Corp                      | Hancock Whitney Corp                      | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               | CORP              | US        |     55310 | NS      | $3023797.70   | 0.55%             |  |  |  | No            | 1                  | On Loan: —       |
| Harmony Biosciences Holdings I            | Harmony Biosciences Holdings Inc          | CUSIP: 413197104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     63500 | NS      | $2190750.00   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Heidrick & Struggles Internati            | Heidrick & Struggles International Inc    | CUSIP: 422819102<br>LEI: 5493006284N2J367VB57 | Long             | EC               | CORP              | US        |     63371 | NS      | $2766777.86   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Heritage Commerce Corp                    | Heritage Commerce Corp                    | CUSIP: 426927109<br>LEI: 549300CLIS851ELSR406 | Long             | EC               | CORP              | US        |    158657 | NS      | $1469163.82   | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Home BancShares Inc/AR                    | Home BancShares Inc/AR                    | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80917 | NS      | $2289141.93   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Installed Building Products In            | Installed Building Products Inc           | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |     13503 | NS      | $2153458.44   | 0.39%             |  |  |  | No            | 1                  | On Loan: —       |
| InterDigital Inc                          | InterDigital Inc                          | CUSIP: 45867G101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29556 | NS      | $6421336.56   | 1.18%             |  |  |  | No            | 1                  | On Loan: —       |
| Janus International Group Inc             | Janus International Group Inc             | CUSIP: 47103N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    373752 | NS      | $3053553.84   | 0.56%             |  |  |  | No            | 1                  | On Loan: —       |
| KBR Inc                                   | KBR Inc                                   | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |     94019 | NS      | $4906851.61   | 0.90%             |  |  |  | No            | 1                  | On Loan: No      |
| Karat Packaging Inc                       | Karat Packaging Inc                       | CUSIP: 48563L101<br>LEI: 549300JYUKCQP3P8D632 | Long             | EC               | CORP              | US        |     84570 | NS      | $2660572.20   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Kelly Services Inc                        | Kelly Services Inc                        | CUSIP: 488152208<br>LEI: 25490035B2ZPL6RM1974 | Long             | EC               | CORP              | US        |    215537 | NS      | $2526093.64   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Kemper Corp                               | Kemper Corp                               | CUSIP: 488401100<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EC               | CORP              | US        |     78592 | NS      | $5008668.16   | 0.92%             |  |  |  | No            | 1                  | On Loan: No      |
| Knife River Corp                          | Knife River Corp                          | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29946 | NS      | $2817918.60   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| LCI Industries                            | LCI Industries                            | CUSIP: 50189K103<br>LEI: 549300E1B98YNJ1WIQ04 | Long             | EC               | CORP              | US        |     33243 | NS      | $2896795.02   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| LSI Industries Inc                        | LSI Industries Inc                        | CUSIP: 50216C108<br>LEI: 529900HY42OANH6BVT33 | Long             | EC               | CORP              | US        |    150217 | NS      | $2444030.59   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Lantheus Holdings Inc                     | Lantheus Holdings Inc                     | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |     49247 | NS      | $3721103.32   | 0.68%             |  |  |  | No            | 1                  | On Loan: —       |
| Laureate Education Inc                    | Laureate Education Inc                    | CUSIP: 518613203<br>LEI: 5JL7TMOH5TY3IUYSUP91 | Long             | EC               | CORP              | US        |    176047 | NS      | $3961057.50   | 0.72%             |  |  |  | No            | 1                  | On Loan: No      |
| Lear Corp                                 | Lear Corp                                 | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |     10627 | NS      | $960893.34    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Legacy Housing Corp                       | Legacy Housing Corp                       | CUSIP: 52472M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80523 | NS      | $1794857.67   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| LiveRamp Holdings Inc                     | LiveRamp Holdings Inc                     | CUSIP: 53815P108<br>LEI: 254900GXS75LG1X7RF88 | Long             | EC               | CORP              | US        |    115512 | NS      | $3763380.96   | 0.69%             |  |  |  | No            | 1                  | On Loan: No      |
| Magnite Inc                               | Magnite Inc                               | CUSIP: 55955D100<br>LEI: 54930018FR2YX1HHSB02 | Long             | EC               | CORP              | US        |    581815 | NS      | $9518493.40   | 1.74%             |  |  |  | No            | 1                  | On Loan: —       |
| Masterbrand Inc                           | Masterbrand Inc                           | CUSIP: 57638P104<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | EC               | CORP              | US        |    181538 | NS      | $1851687.60   | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Matson Inc                                | Matson Inc                                | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |     30197 | NS      | $3407731.45   | 0.62%             |  |  |  | No            | 1                  | On Loan: No      |
| James River Group Holdings Ltd            | James River Group Holdings Ltd            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BM        |    550765 | NS      | $3205452.30   | 0.59%             |  |  |  | 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