# EDGAR Filing Document

**Accession Number:** 0000831114
**File Stem:** 0001145549-25-049532
**Filing Date:** 2025-7
**Character Count:** 50966
**Document Hash:** 2b4037a4486fffa268b57d6ee6da36c5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-049532.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001145549-25-049532

**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:** 251159346

**BUSINESS ADDRESS:**
- **STREET 1:** 615 E. MICHIGAN ST.
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 609-731-6256

**MAIL ADDRESS:**
- **STREET 1:** 615 E. MICHIGAN ST.
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RBB FUND INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FUND INC /DE/
- **DATE OF NAME CHANGE:** 19600201

## Series and Classes Contracts Data

### SGI Global Equity Fund (Series ID: S000044491)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000138402 | Class I Shares | SGLIX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **SGI Global Equity Fund** | **SGI Global Equity Fund** | **SGI Global Equity Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 96.9%** | **Shares** | **Value**  |
| **Aerospace/Defense - 2.4%** | **Aerospace/Defense - 2.4%** | |
| Leonardo SpA - ADR | 10152 | $314103 |
| Lockheed Martin Corp. | 2837 | 1368512 |
| Thales SA - ADR | 9992 | 608912 |
|  |  | 2291527 |
| **Apparel - 1.0%** | **Apparel - 1.0%** |  |
| Hermes International SCA - ADR | 3281 | 904080 |
| **Banks - 7.8%** | **Banks - 7.8%** |  |
| Bank of China Ltd. - ADR | 46653 | 676935 |
| China Construction Bank Corp. - ADR | 17552 | 313128 |
| DBS Group Holdings Ltd. - ADR | 11173 | 1541874 |
| ICICI Bank Ltd. - ADR | 55479 | 1899601 |
| Popular, Inc. | 2693 | 278806 |
| Royal Bank of Canada, (Canada) | 7844 | 993521 |
| Sumitomo Mitsui Financial Group, Inc. - ADR | 97867 | 1508131 |
| United Overseas Bank Ltd. - ADR | 3707 | 204589 |
|  |  | 7416585 |
| **Beverages - 2.1%** | **Beverages - 2.1%** |  |
| Coca-Cola Femsa SAB de CV - ADR | 13136 | 1247920 |
| PepsiCo, Inc. | 5873 | 772006 |
|  |  | 2019926 |
| **Biotechnology - 3.0%** | **Biotechnology - 3.0%** |  |
| Gilead Sciences, Inc. | 4383 | 482481 |
| Incyte Corp. <sup>(a)</sup> | 4682 | 304611 |
| United Therapeutics Corp. <sup>(a)</sup> | 5998 | 1912462 |
| Vertex Pharmaceuticals, Inc. <sup>(a)</sup> | 368 | 162674 |
|  |  | 2862228 |
| **Chemicals - 1.4%** | **Chemicals - 1.4%** |  |
| Ecolab, Inc. | 4955 | 1316147 |
| **Commercial Services - 1.2%** | **Commercial Services - 1.2%** |  |
| Automatic Data Processing, Inc. | 611 | 198899 |
| Grand Canyon Education, Inc. <sup>(a)</sup> | 4849 | 959350 |
|  |  | 1158249 |
| **Computers - 1.8%** | **Computers - 1.8%** |  |
| CGI, Inc. | 1745 | 187692 |
| Infosys Ltd. - ADR | 25730 | 468029 |
| Wipro Ltd. - ADR | 373738 | 1076365 |
|  |  | 1732086 |
| **Cosmetics & Personal Care - 3.1%** | **Cosmetics & Personal Care - 3.1%** |  |
| Colgate-Palmolive Co. | 31868 | 2961812 |
| **Diversified Financial Services - 3.8%** | **Diversified Financial Services - 3.8%** |  |
| Cboe Global Markets, Inc. | 4244 | 972385 |
| CME Group, Inc. | 6781 | 1959709 |
| Qifu Technology, Inc. - ADR | 9971 | 409808 |
| Visa, Inc. - Class A | 867 | 316620 |
|  |  | 3658522 |
| **Electric - 4.8%** | **Electric - 4.8%** |  |
| CMS Energy Corp. | 13106 | 920435 |
| Evergy, Inc. | 12305 | 817175 |
| National Grid PLC - ADR | 21841 | 1559229 |
| OGE Energy Corp. | 20741 | 922352 |
| SSE PLC - ADR | 13957 | 338597 |
|  |  | 4557788 |
| **Electronics - 0.3%** | **Electronics - 0.3%** |  |
| Halma PLC - ADR | 3525 | 278475 |
| **Environmental Control - 4.0%** | **Environmental Control - 4.0%** |  |
| Republic Services, Inc. | 5557 | 1429761 |
| Waste Management, Inc. | 9928 | 2392350 |
|  |  | 3822111 |
| **Food - 5.5%** | **Food - 5.5%** |  |
| Flowers Foods, Inc. | 48625 | 821762 |
| Ingredion, Inc. | 11717 | 1630069 |
| Kroger Co., (The) | 14511 | 990086 |
| Tyson Foods, Inc. - Class A | 31725 | 1781676 |
|  |  | 5223593 |
| **Gas - 2.4%** | **Gas - 2.4%** |  |
| Atmos Energy Corp. | 2079 | 321580 |
| National Fuel Gas Co. | 24018 | 1982446 |
|  |  | 2304026 |
| **Internet Software & Services - 0.5%** | **Internet Software & Services - 0.5%** |  |
| Tencent Holdings Ltd. - ADR | 7473 | 469155 |
| **Healthcare Services - 2.8%** | **Healthcare Services - 2.8%** |  |
| Fresenius Medical Care AG - ADR | 29748 | 844843 |
| UnitedHealth Group, Inc. | 307 | 92686 |
| Universal Health Services, Inc. - Class B | 9259 | 1762451 |
|  |  | 2699980 |
| **Household Products & Wares - 0.5%** | **Household Products & Wares - 0.5%** |  |
| Church & Dwight Co., Inc. | 5207 | 511900 |
| **Insurance - 8.2%** | **Insurance - 8.2%** |  |
| Aon PLC - Class A | 2086 | 776159 |
| Arthur J Gallagher & Co. | 999 | 347093 |
| Berkshire Hathaway, Inc. - Class B <sup>(a)</sup> | 3222 | 1623759 |
| Chubb Ltd., (Switzerland) | 3197 | 950148 |
| Fairfax Financial Holdings Ltd. | 649 | 1098441 |
| Manulife Financial Corp. | 6326 | 201420 |
| Ping An Insurance Group Co. of China Ltd. - ADR | 40201 | 468744 |
| Progressive Corp. | 8193 | 2334431 |
|  |  | 7800195 |
| **Internet - 4.9%** | **Internet - 4.9%** |  |
| Alibaba Group Holding Ltd. - ADR | 6159 | 701140 |
| Booking Holdings, Inc. | 404 | 2229648 |
| F5, Inc. <sup>(a)</sup> | 1736 | 495420 |
| Meta Platforms, Inc. - Class A | 628 | 406624 |
| VeriSign, Inc. | 3073 | 837300 |
|  |  | 4670132 |
| **IT Services & Consulting - 0.5%** | **IT Services & Consulting - 0.5%** |  |
| Check Point Software Technologies Ltd. <sup>(a)</sup> | 1947 | 445629 |
| **Machinery-Construction & Mining - 0.5%** | **Machinery-Construction & Mining - 0.5%** |  |
| Komatsu Ltd. - ADR | 14459 | 439554 |
| **Media - 0.4%** | **Media - 0.4%** |  |
| Fox Corp. - Class B | 4033 | 202779 |
| New York Times Co. - Class A | 3643 | 208088 |
|  |  | 410867 |
| **Mining - 0.6%** | **Mining - 0.6%** |  |
| Agnico Eagle Mines Ltd. | 4528 | 534259 |
| **Oil & Gas - 1.0%** | **Oil & Gas - 1.0%** |  |
| Expand Energy Corp. | 8280 | 961556 |
| **Packaging & Containers - 0.6%** | **Packaging & Containers - 0.6%** |  |
| Packaging Corp. of America | 3191 | 616406 |
| **Pharmaceuticals - 10.3%** | **Pharmaceuticals - 10.3%** |  |
| AbbVie, Inc. | 6714 | 1249543 |
| Cardinal Health, Inc. | 3716 | 573899 |
| Cencora, Inc. | 2752 | 801492 |
| Dr Reddy's Laboratories Ltd. - ADR | 123228 | 1813916 |
| Eli Lilly & Co. | 516 | 380638 |
| McKesson Corp. | 2426 | 1745531 |
| Merck & Co., Inc. | 22572 | 1734432 |
| Neurocrine Biosciences, Inc. <sup>(a)</sup> | 2074 | 255144 |
| Novartis AG - ADR | 2546 | 294725 |
| Takeda Pharmaceutical Co., Ltd. - ADR | 66442 | 998623 |
|  |  | 9847943 |
| **Pipelines - 1.0%** | **Pipelines - 1.0%** |  |
| Cheniere Energy, Inc. | 2054 | 486778 |
| Targa Resources Corp. | 2871 | 453417 |
|  |  | 940195 |
| **Private Equity - 0.8%** | **Private Equity - 0.8%** |  |
| 3i Group PLC - ADR | 25907 | 724101 |
| **REITS - 0.7%** | **REITS - 0.7%** |  |
| Welltower, Inc. | 4140 | 638719 |
| **Retail - 3.0%** | **Retail - 3.0%** |  |
| AutoZone, Inc. <sup>(a)</sup> | 185 | 690612 |
| McDonald's Corp. | 1454 | 456338 |
| O'Reilly Automotive, Inc. <sup>(a)</sup> | 447 | 611272 |
| Wal-Mart Stores, Inc. | 3755 | 370694 |
| Yum! Brands, Inc. | 4719 | 679253 |
|  |  | 2808169 |
| **Semiconductors - 2.5%** | **Semiconductors - 2.5%** |  |
| Taiwan Semiconductor Manufacturing Co., Ltd. - ADR | 12316 | 2380929 |
| **Software - 4.5%** | **Software - 4.5%** |  |
| Electronic Arts, Inc. | 5505 | 791509 |
| Microsoft Corp. | 2417 | 1112690 |
| Roper Technologies, Inc. | 691 | 394056 |
| SAP SE - ADR | 6660 | 2017048 |
|  |  | 4315303 |
| **Telecommunications - 8.6%** | **Telecommunications - 8.6%** |  |
| Arista Networks, Inc. <sup>(a)</sup> | 2941 | 254808 |
| Chunghwa Telecom Co, Ltd. - ADR | 5391 | 234401 |
| Cisco Systems, Inc. | 4808 | 303096 |
| Deutsche Telekom AG - ADR | 61783 | 2338486 |
| KDDI Corp. - ADR | 27202 | 470323 |
| Motorola Solutions, Inc. | 1107 | 459826 |
| Nippon Telegraph & Telephone Corp. - ADR | 19730 | 550072 |
| Orange SA - ADR | 12812 | 191924 |
| Singapore Telecommunications Ltd. - ADR | 17813 | 528868 |
| Telefonica Brasil SA - ADR | 123858 | 1229910 |
| T-Mobile US, Inc. | 6855 | 1660281 |
|  |  | 8221995 |
| **Transportation - 0.4%** | **Transportation - 0.4%** |  |
| Union Pacific Corp. | 1661 | 368177 |
| **TOTAL COMMON STOCKS** (Cost $86,971,673) | **TOTAL COMMON STOCKS** (Cost $86,971,673) | 92312319 |
| **EXCHANGE TRADED FUNDS - 2.3%** | **Shares** | **Value** |
| iShares MSCI ACWI ex U.S. ETF | 18559 | 1103889 |
| iShares MSCI Global Min Vol Factor ETF | 9369 | 1108728 |
| **TOTAL EXCHANGE TRADED FUNDS** (Cost $2,191,553) | **TOTAL EXCHANGE TRADED FUNDS** (Cost $2,191,553) | 2212617 |
| **TOTAL INVESTMENTS - 99.2% (**Cost $89,163,226**)** | **TOTAL INVESTMENTS - 99.2% (**Cost $89,163,226**)** | 94524936 |
| Other Assets in Excess of Liabilities - 0.8% | Other Assets in Excess of Liabilities - 0.8% | 752729 |
| **TOTAL NET ASSETS - 100.0%** |  | $95277665 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

ADR - American Depositary Receipt <br> PLC - Public Limited Company <br> REIT - Real Estate Investment Trust ETF – Exchange-Traded Fund

(a) Non-income producing security.

------

#### Summary of Fair Value Disclosure as of May 31, 2025 (Unaudited)
SGI Global 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 May 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | 92312319 |  |  | 92312319 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 2212617 |  |  | 2212617 |
| Total Investments | 94524936 |  |  | 94524936 |
| 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. |

---

---

| | | |
|:---|:---|:---|
| **Allocation of Portfolio Holdings by Country as of May 31, 2025** | **Allocation of Portfolio Holdings by Country as of May 31, 2025** | **Allocation of Portfolio Holdings by Country as of May 31, 2025** |
| (% of Net Assets) | (% of Net Assets) | (% of Net Assets) |
| United States | $59012323 | 61.8% |
| India | 5257911 | 5.5 |
| Germany | 5200377 | 5.4 |
| Japan | 3966703 | 4.3 |
| United Kingdom | 3676561 | 3.8 |
| China | 3038910 | 3.1 |
| Canada | 3015333 | 3.3 |
| Taiwan | 2615330 | 2.7 |
| Singapore | 2275331 | 2.4 |
| France | 1704916 | 1.9 |
| Mexico | 1247920 | 1.3 |
| Switzerland | 1244873 | 1.3 |
| Brazil | 1229910 | 1.3 |
| Israel | 445629 | 0.5 |
| Italy | 314103 | 0.3 |
| Puerto Rico | 278806 | 0.3 |
| Other Assets in Excess of Liabilities | 752729 | 0.8 |
|  | $**95277665** | 100.0<br> **%** |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** RBB Fund, Inc.

- **b. Investment Company Act file number:** 811-05518

- **c. CIK number of Registrant:** 0000831114

- **d. LEI of Registrant:** 5493005KKD0GVHSW0D29

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 615 East Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 262-378-6278

**Item A.2. Information about the Series.**

- **a. Name of Series:** SGI Global Equity Fund

- **b. EDGAR series identifier (if any):** S000044491

- **c. LEI of Series:** 549300ZUWDMRN4IBSC71

**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:** $95490751.47

**Total Liabilities:** $203861.33

**Net Assets:** $95286890.14

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000138402 | 0.43%                | -0.09%               | 1.93%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1782249.47              | $-1688766.29                               |
| Month 2  | $-191289.78              | $-5364.83                                  |
| Month 3  | $-244986.82              | $1868540.52                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Kroger Co/The                          | Kroger Co/The                             | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |     14511 | NS      | $990085.53    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Manulife Financial Corp                | Manulife Financial Corp                   | CUSIP: 56501R106<br>LEI: 5493007GBX87QOZACS27 | Long             | EC               | CORP              | CA        |      6326 | NS      | $201419.84    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                               | Visa Inc                                  | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |       867 | NS      | $316619.73    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp                   | Lockheed Martin Corp                      | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      2837 | NS      | $1368512.06   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                        | McDonald's Corp                           | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      1454 | NS      | $456337.90    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                          | McKesson Corp                             | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      2426 | NS      | $1745531.26   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Bank of Canada                   | Royal Bank of Canada                      | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               | CORP              | CA        |      7844 | NS      | $993521.04    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc          | Automatic Data Processing Inc             | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |       611 | NS      | $198898.83    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                    | Gilead Sciences Inc                       | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      4383 | NS      | $482480.64    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corp                            | Incyte Corp                               | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |      4682 | NS      | $304610.92    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Check Point Software Technolog         | Check Point Software Technologies Ltd     | CUSIP: N/A<br>LEI: 2549003ZVBH73EPNS513       | Long             | EC               | CORP              | IL        |      1947 | NS      | $445629.36    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc                 | Berkshire Hathaway Inc                    | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      3222 | NS      | $1623759.12   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                    | Cheniere Energy Inc                       | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      2054 | NS      | $486777.46    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| China Construction Bank Corp           | China Construction Bank Corp              | CUSIP: 168919108<br>LEI: 5493001KQW6DM7KEDR62 | Long             | EC               | CORP              | CN        |     17552 | NS      | $313127.68    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                      | Cisco Systems Inc                         | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      4808 | NS      | $303096.32    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc                   | Waste Management Inc                      | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |      9928 | NS      | $2392350.16   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                             | AbbVie Inc                                | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      6714 | NS      | $1249542.54   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd                 | Agnico Eagle Mines Ltd                    | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |      4528 | NS      | $534258.72    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp                      | Atmos Energy Corp                         | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |      2079 | NS      | $321579.72    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                   | Booking Holdings Inc                      | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       404 | NS      | $2229647.72   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Telekom AG                    | Deutsche Telekom AG                       | CUSIP: 251566105<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |     61783 | NS      | $2338486.55   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| SingTel                                | Singapore Telecommunications Ltd          | CUSIP: 82929R304<br>LEI: 2549003XJKIQO8YDYD89 | Long             | EC               | CORP              | SG        |     17813 | NS      | $528867.97    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                        | T-Mobile US Inc                           | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      6855 | NS      | $1660281.00   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                                   | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     12316 | NS      | $2380929.12   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of China Ltd                      | Bank of China Ltd                         | CUSIP: 06426M104<br>LEI: 54930053HGCFWVHYZX42 | Long             | EC               | CORP              | CN        |     46653 | NS      | $676935.03    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius Medical Care AG              | Fresenius Medical Care AG                 | CUSIP: 358029106<br>LEI: 549300CP8NY40UP89Q40 | Long             | EC               | CORP              | DE        |     29748 | NS      | $844843.20    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education Inc             | Grand Canyon Education Inc                | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |      4849 | NS      | $959350.41    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                         | Merck & Co Inc                            | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     22572 | NS      | $1734432.48   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone Inc                           | AutoZone Inc                              | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |       185 | NS      | $690612.40    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| 3i Group PLC                           | 3i Group PLC                              | CUSIP: 88579N105<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |     25907 | NS      | $724100.65    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                | Aon PLC                                   | CUSIP: N/A<br>LEI: 635400FALWQYX5E6QC64       | Long             | EC               | CORP              | GB        |      2086 | NS      | $776158.88    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences Inc             | Neurocrine Biosciences Inc                | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |      2074 | NS      | $255143.48    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd                   | Tencent Holdings Ltd                      | CUSIP: 88032Q109<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | CN        |      7473 | NS      | $469154.94    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Thales SA                              | Thales SA                                 | CUSIP: 883219206<br>LEI: 529900FNDVTQJOVVPZ19 | Long             | EC               | CORP              | FR        |      9992 | NS      | $608912.48    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                    | Arista Networks Inc                       | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |      2941 | NS      | $254808.24    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                          | CME Group Inc                             | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      6781 | NS      | $1959709.00   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health Inc                    | Cardinal Health Inc                       | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      3716 | NS      | $573899.04    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp                     | Expand Energy Corp                        | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |      8280 | NS      | $961556.40    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc                    | Electronic Arts Inc                       | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |      5505 | NS      | $791508.90    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                             | Evergy Inc                                | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     12305 | NS      | $817175.05    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                              | Chubb Ltd                                 | CUSIP: N/A<br>LEI: E0JAN6VLUDI1HITHT809       | Long             | EC               | CORP              | CH        |      3197 | NS      | $950148.40    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd              | Alibaba Group Holding Ltd                 | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | CN        |      6159 | NS      | $701140.56    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Fairfax Financial Holdings Ltd         | Fairfax Financial Holdings Ltd            | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |       649 | NS      | $1098441.33   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                            | PepsiCo Inc                               | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      5873 | NS      | $772005.85    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc                  | Republic Services Inc                     | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      5557 | NS      | $1429760.53   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| SSE PLC                                | SSE PLC                                   | CUSIP: 78467K107<br>LEI: 549300KI75VYLLMSK856 | Long             | EC               | CORP              | GB        |     13957 | NS      | $338596.82    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                 | SAP SE                                    | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |      6660 | NS      | $2017047.60   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Mitsui Financial Grou         | Sumitomo Mitsui Financial Group Inc       | CUSIP: 86562M209<br>LEI: 35380028MYWPB6AUO129 | Long             | EC               | CORP              | JP        |     97867 | NS      | $1508130.47   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Takeda Pharmaceutical Co Ltd           | Takeda Pharmaceutical Co Ltd              | CUSIP: 874060205<br>LEI: 549300ZLMVP4X0OGR454 | Long             | EC               | CORP              | JP        |     66442 | NS      | $998623.26    | 1.05%             |  |  |  | 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        |    582812 | NS      | $582811.53    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                 | UnitedHealth Group Inc                    | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |       307 | NS      | $92686.37     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services Inc          | Universal Health Services Inc             | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |      9259 | NS      | $1762450.65   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| VeriSign Inc                           | VeriSign Inc                              | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |      3073 | NS      | $837300.31    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd                            | Infosys Ltd                               | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |     25730 | NS      | $468028.70    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                         | Microsoft Corp                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      2417 | NS      | $1112690.12   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Times Co/The                  | New York Times Co/The                     | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |      3643 | NS      | $208088.16    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corp                        | OGE Energy Corp                           | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |     20741 | NS      | $922352.27    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp                   | Targa Resources Corp                      | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |      2871 | NS      | $453417.03    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corp               | United Therapeutics Corp                  | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |      5998 | NS      | $1912462.30   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc             | Vertex Pharmaceuticals Inc                | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |       368 | NS      | $162674.40    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets Inc                | Cboe Global Markets Inc                   | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |      4244 | NS      | $972385.28    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 Inc                                 | F5 Inc                                    | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |      1736 | NS      | $495419.68    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J Gallagher & Co                | Arthur J Gallagher & Co                   | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |       999 | NS      | $347092.56    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd                         | ICICI Bank Ltd                            | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |     55479 | NS      | $1899600.96   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion Inc                          | Ingredion Inc                             | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |     11717 | NS      | $1630069.04   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI ACWI ex U.S. ETF          | iShares MSCI ACWI ex U.S. ETF             | CUSIP: 464288240<br>LEI: 5493000IN0VJK5DV3698 | Long             | EC               | RF                | US        |     18559 | NS      | $1103889.32   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Leonardo SpA                           | Leonardo SpA                              | CUSIP: 52660W101<br>LEI: 529900X4EEX1U9LN3U39 | Long             | EC               | CORP              | IT        |     10152 | NS      | $314102.88    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                         | Eli Lilly & Co                            | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |       516 | NS      | $380637.72    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Femsa SAB de CV              | Coca-Cola Femsa SAB de CV                 | CUSIP: 191241108<br>LEI: 5493008KEVFYPMGTXO33 | Long             | EC               | CORP              | MX        |     13136 | NS      | $1247920.00   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| DBS Group Holdings Ltd                 | DBS Group Holdings Ltd                    | CUSIP: 23304Y100<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |     11173 | NS      | $1541874.00   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc                             | Ecolab Inc                                | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |      4955 | NS      | $1316147.10   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc                | O'Reilly Automotive Inc                   | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |       447 | NS      | $611272.50    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Orange SA                              | Orange SA                                 | CUSIP: 684060106<br>LEI: 969500MCOONR8990S771 | Long             | EC               | CORP              | FR        |     12812 | NS      | $191923.76    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| PING AN                                | Ping An Insurance Group Co of China Ltd   | CUSIP: 72341E304<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | CN        |     40201 | NS      | $468743.66    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                   | Progressive Corp/The                      | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      8193 | NS      | $2334431.49   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Dr Reddy's Laboratories Ltd            | Dr Reddy's Laboratories Ltd               | CUSIP: 256135203<br>LEI: 335800OVDPY3DVZR2798 | Long             | EC               | CORP              | IN        |    123228 | NS      | $1813916.16   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowers Foods Inc                      | Flowers Foods Inc                         | CUSIP: 343498101<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | EC               | CORP              | US        |     48625 | NS      | $821762.50    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| KDDI Corp                              | KDDI Corp                                 | CUSIP: 48667L106<br>LEI: 5299003FU7V4I45FU310 | Long             | EC               | CORP              | JP        |     27202 | NS      | $470322.58    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Komatsu Ltd                            | Komatsu Ltd                               | CUSIP: 500458401<br>LEI: 5493004LQ0B4T7QPQV17 | Long             | EC               | CORP              | JP        |     14459 | NS      | $439553.60    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                 | Motorola Solutions Inc                    | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      1107 | NS      | $459825.66    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| National Grid PLC                      | National Grid PLC                         | CUSIP: 636274409<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |     21841 | NS      | $1559228.99   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular Inc                            | Popular Inc                               | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |      2693 | NS      | $278806.29    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc                 | Roper Technologies Inc                    | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |       691 | NS      | $394056.57    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonica Brasil SA                   | Telefonica Brasil SA                      | CUSIP: 87936R205<br>LEI: 529900MTGG2HSDBIWG79 | Long             | EC               | CORP              | BR        |    123858 | NS      | $1229909.94   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Qifu Technology Inc                    | Qifu Technology Inc                       | CUSIP: 88557W101<br>LEI: 836800R59NKEPDR6I240 | Long             | EC               | CORP              | CN        |      9971 | NS      | $409808.10    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                        | Tyson Foods Inc                           | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     31725 | NS      | $1781676.00   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                     | Union Pacific Corp                        | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      1661 | NS      | $368177.26    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| United Overseas Bank Ltd               | United Overseas Bank Ltd                  | CUSIP: 911271302<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | EC               | CORP              | SG        |      3707 | NS      | $204589.33    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                            | Cencora Inc                               | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      2752 | NS      | $801492.48    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| CGI Inc                                | CGI Inc                                   | CUSIP: 12532H104<br>LEI: 549300WSRCZY73ZG3090 | Long             | EC               | CORP              | CA        |      1745 | NS      | $187692.20    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp                               | Fox Corp                                  | CUSIP: 35137L204<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |      4033 | NS      | $202779.24    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Hermes International SCA               | Hermes International SCA                  | CUSIP: 42751Q105<br>LEI: 969500Y4IJGHJE2MTJ13 | Long             | EC               | CORP              | FR        |      3281 | NS      | $904079.55    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                          | Welltower Inc                             | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |      4140 | NS      | $638719.20    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum! Brands Inc                        | Yum! Brands Inc                           | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |      4719 | NS      | $679252.86    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                        | CMS Energy Corp                           | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |     13106 | NS      | $920434.38    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Chunghwa Telecom Co Ltd                | Chunghwa Telecom Co Ltd                   | CUSIP: 17133Q502<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      5391 | NS      | $234400.68    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co Inc                 | Church & Dwight Co Inc                    | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |      5207 | NS      | $511900.17    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co                   | Colgate-Palmolive Co                      | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     31868 | NS      | $2961811.92   | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                     | Meta Platforms Inc                        | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       628 | NS      | $406623.72    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Halma PLC                              | Halma PLC                                 | CUSIP: 40637C308<br>LEI: 2138007FRGLUR9KGBT40 | Long             | EC               | CORP              | GB        |      3525 | NS      | $278475.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI Global Min Vol Fa         | iShares MSCI Global Min Vol Factor ETF    | CUSIP: 464286525<br>LEI: 549300DZXYYH8TOP8M46 | Long             | EC               | RF                | US        |      9369 | NS      | $1108727.46   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co                   | National Fuel Gas Co                      | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |     24018 | NS      | $1982445.72   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NTT                                    | Nippon Telegraph & Telephone Corp         | CUSIP: 654624105<br>LEI: 353800VHQU5VIXVUA841 | Long             | EC               | CORP              | JP        |     19730 | NS      | $550072.40    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                            | Novartis AG                               | CUSIP: 66987V109<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |      2546 | NS      | $294724.96    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corp of America              | Packaging Corp of America                 | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |      3191 | NS      | $616405.47    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                            | Walmart Inc                               | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      3755 | NS      | $370693.60    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Wipro Ltd                              | Wipro Ltd                                 | CUSIP: 97651M109<br>LEI: 335800IFS1IJHESG8362 | Long             | EC               | CORP              | IN        |    373738 | NS      | $1076365.44   | 1.13%             |  |  |  | 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