# EDGAR Filing Document

**Accession Number:** 0000831114
**File Stem:** 0000894189-26-002304
**Filing Date:** 2026-1
**Character Count:** 42742
**Document Hash:** 3af202b043f1d619cba415dc9c419029
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-002304.hdr.sgml**: 20260128

**ACCESSION NUMBER**: 0000894189-26-002304

**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:** 26569981

**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

### F/m Opportunistic Income ETF (Series ID: S000081704)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000244682 | F/m Opportunistic Income ETF | ZHOG            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **F/m Opportunistic ETF** | **F/m Opportunistic ETF** | **F/m Opportunistic ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** |
| **CORPORATE BONDS - 35.3%** | **Par** | **Value**  |
| **Consumer Discretionary - 2.5%** | **Consumer Discretionary - 2.5%** | **Consumer Discretionary - 2.5%** |
|  American Airlines 2017-1 Class A Pass Through Trust, Series 2017-1, 4.00%, 02/15/2029 | $141900 | $137703 |
|  Ford Motor Co., 3.25%, 02/12/2032 | 924000 | 811658 |
|  |  | 949361 |
| **Consumer Staples - 1.3%** | **Consumer Staples - 1.3%** | **Consumer Staples - 1.3%** |
|  Land O'Lakes Capital Trust I, 7.45%, 03/15/2028 <sup>(a)(b)</sup> | 500000 | 516112 |
| **Energy - 7.9%** | **Energy - 7.9%** | **Energy - 7.9%** |
|  Coterra Energy Operating Co., 4.38%, 03/15/2029 | 263000 | 254149 |
|  Expand Energy Corp., 5.38%, 03/15/2030 | 1000000 | 1013987 |
| Phillips 66 Partners LP | Phillips 66 Partners LP | Phillips 66 Partners LP |
| &nbsp;&nbsp; 3.55%, 10/01/2026 | 48000 | 47314 |
| &nbsp;&nbsp; 3.75%, 03/01/2028 <sup>(b)</sup> | 608000 | 591478 |
| &nbsp;&nbsp; 3.15%, 12/15/2029 | 388000 | 357108 |
|  Transcanada Trust, 5.88% to 08/15/2026 then 3 mo. LIBOR USD + 4.64%, 08/15/2076 <sup>(c)</sup> | 767000 | 767637 |
|  |  | 3031673 |
| **Financials - 10.8%** | **Financials - 10.8%** | **Financials - 10.8%** |
|  Antares Holdings LP, 6.35%, 10/23/2029 <sup>(a)</sup> | 1050000 | 1074283 |
|  Ares Capital Corp., 5.80%, 03/08/2032 | 325000 | 328623 |
|  Bank of New York Mellon Corp., 3.75% to 12/20/2026 then 5 yr. CMT Rate + 2.63%, Perpetual | 767000 | 753601 |
|  Blackstone Secured Lending Fund, 5.35%, 04/13/2028 | 1000000 | 1009920 |
|  Nationwide Financial Services, Inc., 6.75%, 05/15/2037 | 1000000 | 1000910 |
|  |  | 4167337 |
| **Health Care - 2.5%** | **Health Care - 2.5%** | **Health Care - 2.5%** |
| CVS Pass-Through Trust | CVS Pass-Through Trust | CVS Pass-Through Trust |
| &nbsp;&nbsp; 7.51%, 01/10/2032 <sup>(a)</sup> | 770555 | 821704 |
| &nbsp;&nbsp; 5.77%, 01/10/2033 <sup>(a)</sup> | 133491 | 137010 |
|  |  | 958714 |
| **Industrials - 2.8%** | **Industrials - 2.8%** | **Industrials - 2.8%** |
|  Concentrix Corp., 6.85%, 08/02/2033 <sup>(b)</sup> | 763000 | 761098 |
|  GXO Logistics, Inc., 6.25%, 05/06/2029 | 325000 | 341323 |
|  |  | 1102421 |
| **Information Technology - 2.0%** | **Information Technology - 2.0%** | **Information Technology - 2.0%** |
|  Kyndryl Holdings, Inc., 3.15%, 10/15/2031 | 862000 | 784917 |
| **Technology - 2.6%** | **Technology - 2.6%** | **Technology - 2.6%** |
|  Ricoh USA, Inc., 6.75%, 12/01/2025 | 999000 | 999000 |
| **Utilities - 2.9%** | **Utilities - 2.9%** | **Utilities - 2.9%** |
|  Sempra, 4.13% to 04/01/2027 then 5 yr. CMT Rate + 2.87%, 04/01/2052 | 1142000 | 1112291 |
| **TOTAL CORPORATE BONDS** (Cost $13,392,725) | **TOTAL CORPORATE BONDS** (Cost $13,392,725) | 13621826 |
| **EXCHANGE TRADED FUNDS - 22.0%** | **Shares** | **Value**  |
| F/m High Yield 100 ETF <sup>(d)</sup> | 106970 | 5584647 |
| F/m Ultrashort Tax-Free Municipal ETF <sup>(d)</sup> | 22235 | 1113529 |
| F/m US Treasury 3 Month Bill ETF <sup>(b)(d)</sup> | 16142 | 807261 |
| F/m US Treasury 5 Year Note ETF <sup>(d)</sup> | 9310 | 462357 |
| F/m US Treasury 6 Month Bill ETF <sup>(d)</sup> | 10335 | 518765 |
| **TOTAL EXCHANGE TRADED FUNDS** (Cost $8,385,923) | **TOTAL EXCHANGE TRADED FUNDS** (Cost $8,385,923) | 8486559 |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 19.3%** | **Par** | **Value**  |
|  Chase Mortgage Finance Corp., Series 2023-1, Class A4, 6.00%, 06/25/2054 <sup>(a)(e)</sup> | 678229 | 687138 |
|  Citigroup Mortgage Loan Trust, Inc., Series 2024-INV2, Class A3B, 6.50%, 06/25/2054 <sup>(a)(e)</sup> | 465775 | 474799 |
|  Government National Mortgage Association, Series 2023-131, Class BT, 4.00%, 03/20/2049 | 890887 | 886162 |
|  GS Mortgage Securities Corp. II, Series 2023-SHIP, Class C, 5.69%, 09/10/2038 <sup>(a)(e)</sup> | 300000 | 300440 |
| JP Morgan Mortgage Trust | JP Morgan Mortgage Trust | JP Morgan Mortgage Trust |
| &nbsp;&nbsp; Series 2019-HYB1, Class B3, 4.99%, 10/25/2049 <sup>(a)(e)</sup> | 332389 | 334771 |
| &nbsp;&nbsp; Series 2022-6, Class A12, 3.00%, 11/25/2052 <sup>(a)(e)</sup> | 536233 | 517870 |
|  Mastr Seasoned Securities Trust, Series 2005-1, Class 1A1, 5.88%, 09/25/2032 <sup>(e)</sup> | 258216 | 264261 |
|  Provident Funding Mortgage Trust, Series 2025-1, Class A3, 5.50%, 02/25/2055 <sup>(a)(e)</sup> | 892878 | 897941 |
|  RCKT Mortgage Trust, Series 2024-INV1, Class A1, 6.50%, 06/25/2054 <sup>(a)(e)</sup> | 539308 | 551105 |
|  Sequoia Mortgage Trust, Series 2024-8, Class A20, 5.50%, 09/25/2054 <sup>(a)(e)</sup> | 882733 | 884747 |
| WaMu Mortgage Pass Through Certificates | WaMu Mortgage Pass Through Certificates | WaMu Mortgage Pass Through Certificates |
| &nbsp;&nbsp; Series 2004-AR13, Class A1A, 4.79% (1 mo. Term SOFR + 0.83%), 11/25/2034 | 283601 | 282479 |
| &nbsp;&nbsp; Series 2005-AR2, Class 1A1A, 4.73% (1 mo. Term SOFR + 0.77%), 01/25/2045 | 770200 | 790942 |
| &nbsp;&nbsp; Series 2005-AR2, Class 2A23, 4.83% (1 mo. Term SOFR + 0.87%), 01/25/2045 | 367904 | 370751 |
|  Wells Fargo Mortgage Backed Securities Trust, Series 2004-K, Class 2A6, 6.42%, 07/25/2034 <sup>(e)</sup> | 175303 | 178863 |
| **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** (Cost $7,293,995) | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** (Cost $7,293,995) | 7422269 |
| **ASSET-BACKED SECURITIES - 11.2%** | **Par** | **Value**  |
|  ACE Securities Corp., Series 2003-NC1, Class A2A, 4.91% (1 mo. Term SOFR + 0.95%), 07/25/2033 | 234621 | 226249 |
|  Argent Securities, Inc. Asset-Backed Pass-Through Certificates, Series 2004-W10, Class A2, 3.82% (1 mo. Term SOFR + 0.89%), 10/25/2034 | 206051 | 199889 |
|  Flagship Credit Auto Trust, Series 2021-3, Class D, 1.65%, 09/15/2027 <sup>(a)</sup> | 1015000 | 971927 |
|  Jack in the Box, Inc., Series 2022-1A, Class A2I, 3.45%, 02/26/2052 <sup>(a)</sup> | 587375 | 571898 |
|  JP Morgan Mortgage Trust, Series 2025-CES2, Class A1, 5.59%, 06/25/2055 <sup>(a)(e)</sup> | 858095 | 864960 |
|  Long Beach Mortgage Loan Trust, Series 2003-4, Class AV1, 4.69% (1 mo. Term SOFR + 0.73%), 08/25/2033 | 513492 | 514394 |
|  QTS Issuer ABS I LLC, Series 2025-1A, Class A2, 5.44%, 05/25/2055 <sup>(a)</sup> | 500000 | 505478 |
|  SBA Depositor LLC, Series 2021-3, 2.59%, 10/15/2031 <sup>(a)</sup> | 519000 | 461499 |
| **TOTAL ASSET-BACKED SECURITIES** (Cost $4,259,702) | **TOTAL ASSET-BACKED SECURITIES** (Cost $4,259,702) | 4316294 |
| **MUNICIPAL BONDS - 6.1%** | **Par** | **Value**  |
|  Alvarado Independent School District/TX, 5.00%, 02/15/2047 | 405000 | 419763 |
|  Crowley Independent School District, 5.00%, 02/01/2048 | 525000 | 549569 |
|  La Vernia Independent School District/TX, 5.00%, 02/15/2050 | 650000 | 683986 |
|  Princeton Independent School District, 5.00%, 02/15/2054 | 685000 | 712705 |
| **TOTAL MUNICIPAL BONDS** (Cost $2,291,308) | **TOTAL MUNICIPAL BONDS** (Cost $2,291,308) | 2366023 |
| **MORTGAGE-BACKED SECURITIES - 4.7%** | **Par** | **Value**  |
|  BX Trust, Series 2024-VLT4, Class B, 5.90% (1 mo. Term SOFR + 1.94%), 06/15/2041 <sup>(a)</sup> | 500000 | 497660 |
|  Federal Home Loan Mortgage Corp., Pool SD6336, 6.00%, 09/01/2054 | 411726 | 422087 |
|  Federal National Mortgage Association, Pool MA4626, 4.00%, 06/01/2052 | 933747 | 894904 |
| **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $1,806,019) | **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $1,806,019) | 1814651 |
| **CONVERTIBLE BONDS - 0.4%** | **Par** | **Value**  |
| **Financials - 0.4%** | **Financials - 0.4%** | **Financials - 0.4%** |
|  PennyMac Corp., 8.50%, 06/01/2029 | 135000 | 142155 |
| **TOTAL CONVERTIBLE BONDS** (Cost $132,501) | **TOTAL CONVERTIBLE BONDS** (Cost $132,501) | 142155 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 4.1%** | **Units** |  |
| Mount Vernon Liquid Assets Portfolio, LLC, 4.09% <sup>(f)</sup> | 1583858 | 1583858 |
| **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** (Cost $1,583,858) | **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** (Cost $1,583,858) | 1583858 |
| **TOTAL INVESTMENTS - 103.1% (**Cost $39,146,031**)** | **TOTAL INVESTMENTS - 103.1% (**Cost $39,146,031**)** | 39753635 |
| Liabilities in Excess of Other Assets - (3.1)% | Liabilities in Excess of Other Assets - (3.1)% | (1178138) |
| **TOTAL NET ASSETS - 100.0%** |  | $38575497 |
| Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. |  |
| 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. |

---

---

| |
|:---|
| CMT - Constant Maturity Treasury |
| LIBOR - London Interbank Offered Rate |
| LLC - Limited Liability Company |
| LP - Limited Partnership |
| SOFR - Secured Overnight Financing Rate |

---

(a) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional
 investors. As of November 30, 2025, the value of these securities total $11,071,342 or 28.7% of the Fund's net assets.

(b) All or a portion of this security is on loan as of November 30, 2025. The fair value of these securities was $1,553,106.

(c) Securities referencing LIBOR are expected to transition to an alternative reference rate by the security's next scheduled coupon reset date.

(d) Affiliated security as defined by the Investment Company Act of 1940.

(e) Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral increases or decreases, the
 coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of November 30, 2025.

(f) The rate shown represents the 7-day annualized yield as of November 30, 2025.

------

#### Summary of Fair Value Disclosure as of November 30, 2025 (Unaudited)
F/m Opportunistic ETF (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:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $13621826 | $– | $13621826 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 8486559 | – | – | 8486559 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Mortgage Obligations | – | 7422269 | – | 7422269 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 4316294 | – | 4316294 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Municipal Bonds | – | 2366023 | – | 2366023 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-Backed Securities | – | 1814651 | – | 1814651 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Convertible Bonds | – | 142155 | – | 142155 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Investments Purchased with Proceeds from Securities Lending<sup>(a)</sup> | – | – | – | 1583858 |
| Total Investments | $8486559 | $29683218 | $– | $39753635 |
| 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
 $1,583,858 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:** F/m Opportunistic Income ETF

- **b. EDGAR series identifier (if any):** S000081704

- **c. LEI of Series:** 5493000MOP5QDGSJIY36

**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:** $40171975.94

**Total Liabilities:** $1596677.01

**Net Assets:** $38575298.93

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 937.757161000000 | **1-Year:** 1126.414336000000 | **5-Year:** 3712.823645000000 | **10-Year:** 3524.978921000000 | **30-Year:** 610.790899000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 116.496353000000 | **1-Year:** 254.256914000000 | **5-Year:** 216.235439000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000244682 | 0.78%                | 0.36%                | 0.47%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $49782.36                | $76973.31                                  |
| Month 2  | $-762.30                 | $-23947.48                                 |
| Month 3  | $13494.68                | $7409.40                                   |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Woodward Capital Management               | RCKT Mortgage Trust 2024-INV1                                                | CUSIP: 74938QAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    539308 | PA      | $551105.26    | 1.43%             | 2054-06-25      | Variable      | 6.50%                 | No            | 2                  | On Loan: No      |
| F/m Ultrashort Tax-Free Munici            | F/m Ultrashort Tax-Free Municipal ETF                                        | CUSIP: 74933W163<br>LEI: N/A                  | Long             | EC               | RF                | US        |     22235 | NS      | $1113528.80   | 2.89%             |  |  |  | No            | 1                  | On Loan: No      |
| F/M High Yield 100 ETF                    | F/M High Yield 100 ETF                                                       | CUSIP: 74933W197<br>LEI: 529900T1M8HKCKKG6H81 | Long             | EC               | RF                | US        |    106970 | NS      | $5584646.97   | 14.48%            |  |  |  | No            | 1                  | On Loan: No      |
| F/m US Treasury 3 Month Bill E            | F/m US Treasury 3 Month Bill ETF                                             | CUSIP: 74933W452<br>LEI: 549300KRKRLYQRNPKC82 | Long             | EC               | RF                | US        |     16142 | NS      | $807261.42    | 2.09%             |  |  |  | No            | 1                  | On Loan: —       |
| EXPAND ENERGY CORP                        | Expand Energy Corp                                                           | CUSIP: 845467AS8<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1013987.36   | 2.63%             | 2030-03-15      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                               | Freddie Mac Pool                                                             | CUSIP: 3132DUBD8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    411726 | PA      | $422086.53    | 1.09%             | 2054-09-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae Pool                                                              | CUSIP: 31418ED80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    933747 | PA      | $894904.21    | 2.32%             | 2052-06-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Flagship Credit Auto Trust                | Flagship Credit Auto Trust 2021-3                                            | CUSIP: 33846QAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1015000 | PA      | $971927.16    | 2.52%             | 2027-09-15      | Fixed         | 1.65%                 | No            | 2                  | On Loan: No      |
| FORD MOTOR COMPANY                        | Ford Motor Co                                                                | CUSIP: 345370DA5<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    924000 | PA      | $811657.67    | 2.10%             | 2032-02-12      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| GXO LOGISTICS INC                         | GXO Logistics Inc                                                            | CUSIP: 36262GAF8<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |    325000 | PA      | $341322.79    | 0.88%             | 2029-05-06      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| GS Mortgage Securities Trust              | GS Mortgage Securities Corp Trust 2023-SHIP                                  | CUSIP: 36270GAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $300439.71    | 0.78%             | 2038-09-10      | Variable      | 5.69%                 | No            | 2                  | On Loan: No      |
| Ace Securities Corp.                      | ACE Securities Corp Home Equity Loan Trust Series 2003-NC1                   | CUSIP: 004421CP6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    234621 | PA      | $226248.70    | 0.59%             | 2033-07-25      | Floating      | 4.91%                 | No            | 2                  | On Loan: No      |
| ALVARADO TX INDEP SCH DIST                | Alvarado Independent School District/TX                                      | CUSIP: 022357M79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $419762.98    | 1.09%             | 2047-02-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| AMER AIRLINE 17-1 A PTT                   | American Airlines 2017-1 Class A Pass Through Trust                          | CUSIP: 02378AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    141900 | PA      | $137703.35    | 0.36%             | 2029-02-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| ANTARES HOLDINGS                          | Antares Holdings LP                                                          | CUSIP: 03666HAH4<br>LEI: 5493008EAIGV4283RM42 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1074283.47   | 2.78%             | 2029-10-23      | Fixed         | 6.35%                 | No            | 2                  | On Loan: No      |
| Argent Securities Inc.                    | Argent Securities Inc Asset-Backed Pass-Through Certificates Series 2004-W10 | CUSIP: 040104LM1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    206051 | PA      | $199888.77    | 0.52%             | 2034-10-25      | Floating      | 4.85%                 | No            | 2                  | On Loan: No      |
| ARES CAPITAL CORP                         | Ares Capital Corp                                                            | CUSIP: 04010LBH5<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    325000 | PA      | $328622.64    | 0.85%             | 2032-03-08      | Fixed         | 5.80%                 | No            | 2                  | On Loan: No      |
| BX Trust                                  | BX Trust 2024-VLT4                                                           | CUSIP: 05612TAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $497660.05    | 1.29%             | 2041-06-15      | Floating      | 5.90%                 | No            | 2                  | On Loan: No      |
| BANK OF NY MELLON CORP                    | Bank of New York Mellon Corp/The                                             | CUSIP: 064058AL4<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EP               | CORP              | US        |    767000 | PA      | $753600.89    | 1.95%             |  |  |  | No            | 2                  | On Loan: No      |
| BLACKSTONE SECURED LEND                   | Blackstone Secured Lending Fund                                              | CUSIP: 09261XAJ1<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1009920.02   | 2.62%             | 2028-04-13      | Fixed         | 5.35%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage A            | Government National Mortgage Association                                     | CUSIP: 38384EZZ1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    890887 | PA      | $886161.65    | 2.30%             | 2049-03-20      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| JP Morgan Mortgage Trust                  | JP Morgan Mortgage Trust Series 2025-CES2                                    | CUSIP: 46595TAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    858095 | PA      | $864959.72    | 2.24%             | 2055-06-25      | Variable      | 5.59%                 | No            | 2                  | On Loan: No      |
| CVS PASS-THROUGH TRUST                    | CVS Pass-Through Trust                                                       | CUSIP: 126650BS8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    770555 | PA      | $821704.45    | 2.13%             | 2032-01-10      | Fixed         | 7.51%                 | No            | 2                  | On Loan: No      |
| CVS PASS-THROUGH TRUST                    | CVS Pass-Through Trust                                                       | CUSIP: 126650BV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    133491 | PA      | $137009.99    | 0.36%             | 2033-01-10      | Fixed         | 5.77%                 | No            | 2                  | On Loan: No      |
| Jack in the Box Funding, LLC              | Jack in the Box Funding LLC                                                  | CUSIP: 466365AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    587375 | PA      | $571898.55    | 1.48%             | 2052-02-26      | Fixed         | 3.44%                 | No            | 2                  | On Loan: No      |
| JP Morgan Mortgage Trust                  | JP Morgan Mortgage Trust 2019-HYB1                                           | CUSIP: 46651FAT8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    332389 | PA      | $334770.47    | 0.87%             | 2049-10-25      | Variable      | 4.99%                 | No            | 2                  | On Loan: No      |
| JP Morgan Mortgage Trust                  | J.P. Morgan Mortgage Trust 2022-6                                            | CUSIP: 46655KBU9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    536233 | PA      | $517870.19    | 1.34%             | 2052-11-25      | Variable      | 3.00%                 | No            | 2                  | On Loan: No      |
| KYNDRYL HOLDINGS INC                      | Kyndryl Holdings Inc                                                         | CUSIP: 50155QAL4<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |    862000 | PA      | $784916.91    | 2.03%             | 2031-10-15      | Fixed         | 3.15%                 | No            | 2                  | On Loan: No      |
| LA VERNIA TX INDEP SCH DIST               | La Vernia Independent School District/TX                                     | CUSIP: 505246YZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $683985.71    | 1.77%             | 2050-02-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| LAND O LAKES CAP TRST I                   | Land O'Lakes Capital Trust I                                                 | CUSIP: 514665AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $516112.50    | 1.34%             | 2028-03-15      | Fixed         | 7.45%                 | No            | 2                  | On Loan: —       |
| Long Beach Mortgage Loan Trust            | Long Beach Mortgage Loan Trust 2003-4                                        | CUSIP: 542514EE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    513492 | PA      | $514394.00    | 1.33%             | 2033-08-25      | Floating      | 4.69%                 | No            | 2                  | On Loan: No      |
| MASTR Seasoned Securitization             | MASTR Seasoned Securitization Trust 2005-1                                   | CUSIP: 55265WCF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    258216 | PA      | $264261.22    | 0.69%             | 2032-09-25      | Variable      | 5.88%                 | No            | 2                  | On Loan: No      |
| F/m US Treasury 6 Month Bill E            | F/m US Treasury 6 Month Bill ETF                                             | CUSIP: 74933W460<br>LEI: 549300QLI4SJRLSE5242 | Long             | EC               | RF                | US        |     10335 | NS      | $518765.33    | 1.34%             |  |  |  | No            | 1                  | On Loan: No      |
| F/m US Treasury 5 Year Note ET            | F/m US Treasury 5 Year Note ETF                                              | CUSIP: 74933W510<br>LEI: 549300GOLS6RQPRKC648 | Long             | EC               | RF                | US        |      9310 | NS      | $462356.94    | 1.20%             |  |  |  | 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        |   1583858 | NS      | $1583857.50   | 4.11%             |  |  |  | No            | N/A                | On Loan: No      |
| Chase Mortgage Finance Corpora            | Chase Home Lending Mortgage Trust 2023-1                                     | CUSIP: 16159PAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    678229 | PA      | $687138.13    | 1.78%             | 2054-06-25      | Variable      | 6.00%                 | No            | 2                  | On Loan: No      |
| COTERRA ENERGY OP CO                      | Coterra Energy Operating Co                                                  | CUSIP: 171798AE1<br>LEI: 11KYOFXPU1C4CQL1CL44 | Long             | DBT              | CORP              | US        |    263000 | PA      | $254148.71    | 0.66%             | 2029-03-15      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| Citigroup Mortgage Loan Trust             | Citigroup Mortgage Loan Trust 2024-INV2                                      | CUSIP: 17331WBB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    465775 | PA      | $474799.17    | 1.23%             | 2054-06-25      | Variable      | 6.50%                 | No            | 2                  | On Loan: No      |
| CONCENTRIX CORP                           | Concentrix Corp                                                              | CUSIP: 20602DAC5<br>LEI: 5493000EAJN1KMPVA737 | Long             | DBT              | CORP              | US        |    763000 | PA      | $761098.16    | 1.97%             | 2033-08-02      | Fixed         | 6.85%                 | No            | 2                  | On Loan: —       |
| CROWLEY TX INDEP SCH DIST                 | Crowley Independent School District                                          | CUSIP: 228130KG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $549569.00    | 1.42%             | 2048-02-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| RICOH USA INC                             | Ricoh USA Inc                                                                | CUSIP: 451713AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    999000 | PA      | $999000.00    | 2.59%             | 2025-12-01      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| NATIONWIDE FINANCIAL SER                  | Nationwide Financial Services Inc                                            | CUSIP: 638612AJ0<br>LEI: 5493001H7AZNDS6BKJ36 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000910.00   | 2.59%             | 2037-05-15      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| PENNYMAC CORP                             | PennyMac Corp                                                                | CUSIP: 70932AAH6<br>LEI: EWN0I878407TKQNXZ933 | Long             | DBT              | CORP              | US        |    135000 | PA      | $142155.00    | 0.37%             | 2029-06-01      | Fixed         | 8.50%                 | No            | 2                  | On Loan: No      |
| PHILLIPS 66 PARTNERS LP                   | Phillips 66 Partners LP                                                      | CUSIP: 718549AD0<br>LEI: 549300TL5L4IG0H4FX64 | Long             | DBT              | CORP              | US        |     48000 | PA      | $47313.75     | 0.12%             | 2026-10-01      | Fixed         | 3.55%                 | No            | 2                  | On Loan: No      |
| PHILLIPS 66 PARTNERS LP                   | Phillips 66 Partners LP                                                      | CUSIP: 718549AF5<br>LEI: 549300TL5L4IG0H4FX64 | Long             | DBT              | CORP              | US        |    608000 | PA      | $591478.26    | 1.53%             | 2028-03-01      | Fixed         | 3.75%                 | No            | 2                  | On Loan: —       |
| PHILLIPS 66 PARTNERS LP                   | Phillips 66 Partners LP                                                      | CUSIP: 718549AH1<br>LEI: 549300TL5L4IG0H4FX64 | Long             | DBT              | CORP              | US        |    388000 | PA      | $357108.28    | 0.93%             | 2029-12-15      | Fixed         | 3.15%                 | No            | 2                  | On Loan: No      |
| PRINCETON TX INDEP SCH DIST               | Princeton Independent School District                                        | CUSIP: 742395YP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $712704.96    | 1.85%             | 2054-02-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Provident Funding Mortgage Tru            | Provident Funding Mortgage Trust 2025-1                                      | CUSIP: 74388NAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    892878 | PA      | $897941.19    | 2.33%             | 2055-02-25      | Variable      | 5.50%                 | No            | 2                  | On Loan: No      |
| QTS ISSUER ABS I LLC                      | QTS Issuer ABS I LLC                                                         | CUSIP: 74690DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $505478.35    | 1.31%             | 2055-05-25      | Fixed         | 5.44%                 | No            | 2                  | On Loan: No      |
| SBA TOWER TRUST                           | SBA Tower Trust                                                              | CUSIP: 78403DAX8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    519000 | PA      | $461499.21    | 1.20%             | 2031-10-15      | Fixed         | 2.59%                 | No            | 2                  | On Loan: No      |
| SEMPRA                                    | Sempra                                                                       | CUSIP: 816851BM0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   1142000 | PA      | $1112290.53   | 2.88%             | 2052-04-01      | Variable      | 4.12%                 | No            | 2                  | On Loan: No      |
| Sequoia Mortgage Trust                    | Sequoia Mortgage Trust 2024-8                                                | CUSIP: 81749NAV7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    882733 | PA      | $884746.85    | 2.29%             | 2054-09-25      | Variable      | 5.50%                 | No            | 2                  | On Loan: No      |
| TRANSCANADA TRUST                         | Transcanada Trust                                                            | CUSIP: 89356BAB4<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |    767000 | PA      | $767636.61    | 1.99%             | 2076-08-15      | Variable      | 5.88%                 | No            | 2                  | 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        |    174960 | NS      | $174960.41    | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| WAMU Mortgage Pass-Through Cer            | WaMu Mortgage Pass-Through Certificates Series 2004-AR13 Trust               | CUSIP: 92922FB49<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    283601 | PA      | $282479.07    | 0.73%             | 2034-11-25      | Floating      | 4.79%                 | No            | 2                  | On Loan: No      |
| WAMU Mortgage Pass-Through Cer            | WaMu Mortgage Pass-Through Certificates Series 2005-AR2 Trust                | CUSIP: 92922FC97<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    770200 | PA      | $790942.03    | 2.05%             | 2045-01-25      | Floating      | 4.73%                 | No            | 2                  | On Loan: No      |
| WAMU Mortgage Pass-Through Cer            | WaMu Mortgage Pass-Through Certificates Series 2005-AR2 Trust                | CUSIP: 92922FD62<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    367904 | PA      | $370751.07    | 0.96%             | 2045-01-25      | Floating      | 4.83%                 | No            | 2                  | On Loan: No      |
| Wells Fargo Mortgage Backed Se            | Wells Fargo Mortgage Backed Securities 2004-K Trust                          | CUSIP: 94981VAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    175303 | PA      | $178862.82    | 0.46%             | 2034-07-25      | Variable      | 6.42%                 | No            | 2                  | 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