# EDGAR Filing Document

**Accession Number:** 0000831114
**File Stem:** 0000894189-26-002217
**Filing Date:** 2026-1
**Character Count:** 17583
**Document Hash:** e79b6df24d2215d9db76455aaee48d81
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-002217.hdr.sgml**: 20260128

**ACCESSION NUMBER**: 0000894189-26-002217

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260128

**DATE AS OF CHANGE**: 20260128

**PERIOD START**: 20260831

**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:** 26569757

**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 Emerging Markets Dynamic Equity Fund (Series ID: S000051361)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000161908 | Institutional Class | BELSX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Boston Partners Emerging Markets Dynamic Equity Fund** | **Boston Partners Emerging Markets Dynamic Equity Fund** | **Boston Partners Emerging Markets Dynamic Equity Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** |
| **RIGHTS - 0.0% <sup>(a)</sup>** | **Shares** | **Value**  |
| **Taiwan *-* 0.0%<sup>(a)</sup>** | **Taiwan *-* 0.0%<sup>(a)</sup>** | |
| Unimicron Technology Corp., Expires 01/06/2026, Exercise Price $116.00 <sup>(b)(c)</sup> | 1173 | $- |
| **TOTAL RIGHTS** (Cost $2,113) | **TOTAL RIGHTS** (Cost $2,113) | - |
| **COMMON STOCKS - 0.0% <sup>(a)</sup>** | **Shares** | **Value**  |
| **Cyprus - 0.0% <sup>(a)</sup>** | **Cyprus - 0.0% <sup>(a)</sup>** |  |
| Fix Price Group PLC - GDR <sup>(b)(c)</sup> | 21704 | - |
| **TOTAL COMMON STOCKS** (Cost $178,289) | **TOTAL COMMON STOCKS** (Cost $178,289) | - |
| **TOTAL INVESTMENTS - 0.0% (**Cost $180,402**)** | **TOTAL INVESTMENTS - 0.0% (**Cost $180,402**)** | - |
| Other Assets in Excess of Liabilities - 100.0% | Other Assets in Excess of Liabilities - 100.0% | 60092898 |
| **TOTAL NET ASSETS - 100.0%** |  | $60092898 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

GDR - Global Depositary Receipt <br> PLC - Public Limited Company

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

(b) Non-income producing security.

(c) Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $0 or
 0.0% of net assets as of November 30, 2025.

---

| |
|:---|
| **Boston Partners Emerging Markets Dynamic Equity Fund** |
| **Schedule of Contracts For Difference** |
| **November 30, 2025 (Unaudited)** |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Entity** | **Counterparty** | **Pay/ Receive Reference Entity** | **Financing Rate** | **Payment Frequency** | **Maturity Date** | **Notional Amount** | **Notional Amount** | **Value/ Unrealized Appreciation (Depreciation)** |
| DBS Group Holdings Ltd. | Goldman Sachs | Receive | SORA + 1.00% | Termination | 12/10/2025 | SGD | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 | $4 |
| DETSKY MIR PJSC <sup>(a)</sup> | Goldman Sachs | Receive | EFFR + 0.85% | Monthly | 09/18/2028 |  | 0 <br>| (158287) |
| HeadHunter Group PLC <sup>(a)</sup> | Morgan Stanley | Receive | EFFR + 0.55% | Monthly | 09/23/2026 |  | 0 <br>| (116107) |
| Sberbank of Russia PJSC <sup>(a)</sup> | Goldman Sachs | Receive | EFFR + 0.96% | Monthly | 09/17/2028 |  | 0 <br>| (1057) |
|  |  |  |  |  |  |  |  | (275447) |
|  |  |  |  |  |  |  |  | $0 |
| **Reference Entity** | **Counterparty** | **Pay/ Receive Reference Entity** | **Financing Rate** | **Payment Frequency** | **Maturity Date** | **Notional Amount** | **Notional Amount** | **Value/ Unrealized Appreciation (Depreciation)** |
| Arabian Contracting Services Co. | J.P. Morgan Securities, Inc. | Pay | EFFR + (0.35)% | Termination | 11/12/2027 |  | (13) | 4 |
| Espressif Systems Shanghai Co. Ltd. | Morgan Stanley | Pay | EFFR + (0.63)% | Termination | 03/29/2028 |  | (19) | (1) |
| Kum Yang Co. Ltd. <sup>(a)</sup> | Goldman Sachs | Pay | EFFR + (10.50)% | Termination | 11/11/2026 |  | (12304) | 112011 |
| Ozon Holdings PLC <sup>(a)</sup> | Goldman Sachs | Pay | EFFR + (0.25)% | Monthly | 09/17/2028 |  | 0 | 314151 |
| PharmaEssentia Corp. | HSBC Bank | Pay | SOFR + (0.40)% | Termination | 08/16/2028 |  | 0 | 0 |
| VK IPJSC <sup>(a)</sup> | Morgan Stanley | Pay | EFFR + (6.50)% | Monthly | 09/23/2026 |  | 0 | 140169 |
|  |  |  |  |  |  |  |  | 566334 |
| **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** |  |  |  |  |  |  | 290887  |

---

---

| |
|:---|
| There are no upfront payments or receipts associated with contracts for difference in the Fund as of November 30, 2025. |
| Notional Amount is in USD unless otherwise indicated. |
| EFFR - Effective Federal Funds Rate was 3.89% as of November 30, 2025. |
| SOFR - Secured Overnight Financing Rate was 4.12% as of November 30, 2025. |
| SORA - Singapore Overnight Rate Average was 2.48% as of November 30, 2025. |

---

(a) Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $290,880
 or 0.5% of net assets as of November 30, 2025.

------

#### Summary of Fair Value Disclosure as of November 30, 2025 (Unaudited)
Boston Partners Emerging Markets Dynamic Equity Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

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

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

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

The following is a summary of the fair valuation hierarchy of the Fund's securities as of November 30, 2025: <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Rights | $– | $– | $0 | $0 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | – | – | 0 | 0 |
| Total Investments | $– | $– | $0 | $0 |
| <u>Other Financial Instruments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contracts For Difference\* | $– | $8 | $566331 | $566339 |
| Total Other Financial Instruments | $– | $8 | $566331 | $566339 |
| **Liabilities:** |  |  |  |  |
| <u>Other Financial Instruments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contracts For Difference\* | $– | $(1) | $(275451) | $(275452) |
| Total Other Financial Instruments | $– | $(1) | $(275451) | $(275452) |
| \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of November 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of November 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of November 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of November 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of November 30, 2025. |
| 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. |
| Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. |

---

## 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 Emerging Markets Dynamic Equity Fund

- **b. EDGAR series identifier (if any):** S000051361

- **c. LEI of Series:** 549300JOEYTQG9UPLG39

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2025-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $63624289.92

**Total Liabilities:** $3298815.35

**Net Assets:** $60325474.57

**Cash Not Reported:** $8538942.28

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000161908 | 4.56%                | 1.14%                | -0.62%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $680082.28               | $1494078.00                                |
| Month 2  | $1534474.14              | $175646.84                                 |
| Month 3  | $6906723.98              | $-8306389.76                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                    | HEADHUNTER GROUP PLC-ADR               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-116106.75   | -0.19%            |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                    | DBS GROUP HOLDINGS LTD                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $3.99         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                    | KUM YANG CO LTD                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $112011.32    | 0.19%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                    | OZON HOLDINGS PLC - ADR                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $314151.20    | 0.52%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                    | SBERBANK PJSC -SPONSORED ADR           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-1057.21     | -0.00%            |  |  |  | No            |                  3 | 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        |  48623799 | NS      | $48623798.89  | 80.60%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                    | VK CO LTD                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $140168.56    | 0.23%             |  |  |  | No            |                  3 | On Loan: No      |
| Unimicron Technology Corp              | Unimicron Technology Corp              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      1173 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                    | ESPRESSIF SYSTEMS SHANGHAI-A           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-0.76        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Fix Price Group PLC                    | Fix Price Group PLC                    | CUSIP: 33835G205<br>LEI: 549300EXJV1RPGZNH608 | Long             | EC               | CORP              | CY        |     21704 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                    | ARABIAN CONTRACTING SERVICES           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $3.66         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                    | DETSKY MIR PJSC SWAP                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-158286.65   | -0.26%            |  |  |  | No            |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-26

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

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

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

**Title:** CFO COO Secretary