# EDGAR Filing Document

**Accession Number:** 0001618627
**File Stem:** 0000894189-26-002125
**Filing Date:** 2026-1
**Character Count:** 30008
**Document Hash:** 926b9744d9d12acc281de25a719d6302
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-002125.hdr.sgml**: 20260128

**ACCESSION NUMBER**: 0000894189-26-002125

**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 Trust
- **CENTRAL INDEX KEY:** 0001618627

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23011
- **FILM NUMBER:** 26569523

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

**MAIL ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PENN Capital Funds Trust
- **DATE OF NAME CHANGE:** 20140904

## Series and Classes Contracts Data

### Twin Oak Endure ETF (Series ID: S000092956)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000261006 | Twin Oak Endure ETF |  |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **Twin Oak Endure ETF** | **Twin Oak Endure ETF** | **Twin Oak Endure ETF** | **Twin Oak Endure ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** |
| **EXCHANGE TRADED FUNDS - 50.9%** | **EXCHANGE TRADED FUNDS - 50.9%** | **Shares** | **Value**  |
| Vanguard S&P 500 ETF <sup>(a)(b)</sup> | Vanguard S&P 500 ETF <sup>(a)(b)</sup> | 100202 | $62967939 |
| **TOTAL EXCHANGE TRADED FUNDS** (Cost $55,777,889) | **TOTAL EXCHANGE TRADED FUNDS** (Cost $55,777,889) | **TOTAL EXCHANGE TRADED FUNDS** (Cost $55,777,889) | 62967939 |
| **COMMON STOCKS - 33.1%** | **COMMON STOCKS - 33.1%** | **Shares** | **Value**  |
| **All Other Business Support Services - 3.5%** | **All Other Business Support Services - 3.5%** | **All Other Business Support Services - 3.5%** |  |
| NU Holdings Ltd. - Class A <sup>(c)(d)</sup> | NU Holdings Ltd. - Class A <sup>(c)(d)</sup> | 200000 | 3478000 |
| PDD Holdings, Inc. - ADR <sup>(c)(d)</sup> | PDD Holdings, Inc. - ADR <sup>(c)(d)</sup> | 3227 | 374590 |
| Uber Technologies, Inc. <sup>(c)(d)</sup> | Uber Technologies, Inc. <sup>(c)(d)</sup> | 5867 | 513597 |
|  |  |  | 4366187 |
| **All Other Miscellaneous Retailers - 3.0%** | **All Other Miscellaneous Retailers - 3.0%** | **All Other Miscellaneous Retailers - 3.0%** |  |
| DoorDash, Inc. - Class A <sup>(c)(d)</sup> | DoorDash, Inc. - Class A <sup>(c)(d)</sup> | 18548 | 3679367 |
| **Computer Systems Design Services - 0.2%** | **Computer Systems Design Services - 0.2%** | **Computer Systems Design Services - 0.2%** |  |
| Eventbrite, Inc. - Class A <sup>(c)(d)</sup> | Eventbrite, Inc. - Class A <sup>(c)(d)</sup> | 81769 | 203605 |
| **Custom Computer Programming Services - 10.5%** | **Custom Computer Programming Services - 10.5%** | **Custom Computer Programming Services - 10.5%** |  |
| Snowflake, Inc. - Class A <sup>(c)(d)</sup> | Snowflake, Inc. - Class A <sup>(c)(d)</sup> | 51962 | 13054933 |
| **Medical Laboratories - 6.4%** | **Medical Laboratories - 6.4%** | **Medical Laboratories - 6.4%** |  |
| Natera, Inc. <sup>(c)(d)</sup> | Natera, Inc. <sup>(c)(d)</sup> | 33014 | 7884073 |
| **Software Publishers - 9.5%** | **Software Publishers - 9.5%** | **Software Publishers - 9.5%** |  |
| Block, Inc. <sup>(c)(d)</sup> | Block, Inc. <sup>(c)(d)</sup> | 68071 | 4547143 |
| Microsoft Corp. <sup>(d)</sup> | Microsoft Corp. <sup>(d)</sup> | 14653 | 7209422 |
|  |  |  | 11756565 |
| **TOTAL COMMON STOCKS** (Cost $1,546,798) | **TOTAL COMMON STOCKS** (Cost $1,546,798) | **TOTAL COMMON STOCKS** (Cost $1,546,798) | 40944730 |
| **PURCHASED OPTIONS - 1.7% <sup>(c)</sup>** | **Notional Amount** | **Contracts** | **Value**  |
| **Call Options - 1.2%** | **Call Options - 1.2%** |  |  |
|  SPDR S&P 500 ETF Trust, Expiration: 12/26/2025; Exercise Price: $660.69 <sup>(d)(e)(f)</sup> | $37586450 | 550 | 1475694 |
| **Put Options - 0.5% <sup>(d)(e)(f)</sup>** | **Put Options - 0.5% <sup>(d)(e)(f)</sup>** |  |  |
|  Block, Inc., Expiration: 01/16/2026; Exercise Price: $61.72 | 4315280 | 646 | 118580 |
|  Doordash, Inc., Expiration: 01/16/2026; Exercise Price: $207.46 | 3530986 | 178 | 288105 |
|  Eventbrite, Inc., Expiration: 01/16/2026; Exercise Price: $2.41 | 202935 | 815 | 22624 |
|  Microsoft Corp., Expiration: 01/16/2026; Exercise Price: $446.72 | 6838939 | 139 | 41747 |
|  Natera, Inc., Expiration: 01/16/2026; Exercise Price: $155.52 | 7474753 | 313 | 8232 |
|  Nu Holdings Ltd., Expiration: 01/16/2026; Exercise Price: $11.54 | 3295405 | 1895 | 3847 |
|  Pdd Holdings, Inc., Expiration: 01/16/2026; Exercise Price: $95.54 | 371456 | 32 | 1414 |
|  Snowflake, Inc., Expiration: 01/16/2026; Exercise Price: $200.23 | 12411256 | 494 | 147499 |
|  Uber Technologies, Inc., Expiration: 01/16/2026; Exercise Price: $81.29 | 490224 | 56 | 8786 |
| **Total Put Options** |  |  | 640834 |
| **TOTAL PURCHASED OPTIONS** (Cost $3,676,993) | **TOTAL PURCHASED OPTIONS** (Cost $3,676,993) | **TOTAL PURCHASED OPTIONS** (Cost $3,676,993) | 2116528 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **U.S. TREASURY BILLS - 7.3%** | **U.S. TREASURY BILLS - 7.3%** | **Par** | **Value**  |
| 3.97%, 12/02/2025 <sup>(b)(g)</sup> | 3.97%, 12/02/2025 <sup>(b)(g)</sup> | 9000000 | 8999020 |
| **TOTAL U.S. TREASURY BILLS** (Cost $8,999,013) | **TOTAL U.S. TREASURY BILLS** (Cost $8,999,013) | **TOTAL U.S. TREASURY BILLS** (Cost $8,999,013) | 8999020 |
| **TOTAL INVESTMENTS - 93.0% (**Cost $70,000,693**)** | **TOTAL INVESTMENTS - 93.0% (**Cost $70,000,693**)** | **TOTAL INVESTMENTS - 93.0% (**Cost $70,000,693**)** | <u>115028217</u> |
| Other Assets in Excess of Liabilities - 7.0% | Other Assets in Excess of Liabilities - 7.0% | Other Assets in Excess of Liabilities - 7.0% | 8614310 |
| **TOTAL NET ASSETS - 100.0%** |  |  | $123642527 |
| Par amount is in USD unless otherwise indicated. | 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. | Percentages are stated as a percent of net assets. |  |

---

ADR - American Depositary Receipt<br>

(a) Fair value of this security exceeds 25% of the Fund's net assets. Additional information for this security, including the financial statements, is available from the SEC's EDGAR database at www.sec.gov.

(b) All or a portion of security has been pledged as collateral for swap contracts. The fair value of assets committed as collateral as of November 30, 2025 is $11,071,471.

(c) Non-income producing security.

(d) Held in connection with written option contracts. See Schedule of Written Options for further information.

(e) Exchange-traded.

(f) 100 shares per contract.

(g) The rate shown is the annualized yield as of November 30, 2025.

---

| | | | |
|:---|:---|:---|:---|
| **Twin Oak Endure ETF** | **Twin Oak Endure ETF** | **Twin Oak Endure ETF** | **Twin Oak Endure ETF** |
| **Schedule of Written Options** | **Schedule of Written Options** | **Schedule of Written Options** | **Schedule of Written Options** |
| **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** |
| **WRITTEN OPTIONS - (3.7)%** | **Notional Amount** | **Contracts** | **Value** |
| **Call Options - (3.7)% <sup>(a)(b)</sup>** | **Call Options - (3.7)% <sup>(a)(b)</sup>** | **Call Options - (3.7)% <sup>(a)(b)</sup>** | **Call Options - (3.7)% <sup>(a)(b)</sup>** |
| Block, Inc., Expiration: 01/16/2026; Exercise Price: $72.04 | $(4315280) | (646) | $(143793) |
| Doordash, Inc., Expiration: 01/16/2026; Exercise Price: $242.15 | (3530986) | (178) | (20264) |
| Eventbrite, Inc., Expiration: 01/16/2026; Exercise Price: $2.82 | (202935) | (815) | (15363) |
| Microsoft Corp., Expiration: 01/16/2026; Exercise Price: $521.42 | (6838939) | (139) | (78204) |
| Natera, Inc., Expiration: 01/16/2026; Exercise Price: $181.53 | (7474753) | (313) | (2031708) |
| Nu Holdings Ltd., Expiration: 01/16/2026; Exercise Price: $13.47 | (3295405) | (1895) | (759762) |
| Pdd Holdings, Inc., Expiration: 01/16/2026; Exercise Price: $111.52 | (371456) | (32) | (24383) |
| Snowflake, Inc., Expiration: 01/16/2026; Exercise Price: $233.72 | (12411256) | (494) | (1467210) |
| Uber Technologies, Inc., Expiration: 01/16/2026; Exercise Price: $94.89 | (490224) | (56) | (8718) |
| **TOTAL WRITTEN OPTIONS** (Premiums received $3,021,887) |  |  | $(4549405) |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |

---

(a) 100 shares per contract.

(b) Exchange-traded.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Twin Oak Endure ETF** | **Twin Oak Endure ETF** | **Twin Oak Endure ETF** | **Twin Oak Endure ETF** | **Twin Oak Endure ETF** | **Twin Oak Endure ETF** | **Twin Oak Endure ETF** | **Twin Oak Endure ETF** | **Twin Oak Endure ETF** | **Twin Oak Endure ETF** |
| **Schedule of Total Return Swap Contracts** | **Schedule of Total Return Swap Contracts** | **Schedule of Total Return Swap Contracts** | **Schedule of Total Return Swap Contracts** | **Schedule of Total Return Swap Contracts** | **Schedule of Total Return Swap Contracts** | **Schedule of Total Return Swap Contracts** | **Schedule of Total Return Swap Contracts** | **Schedule of Total Return Swap Contracts** | **Schedule of Total Return Swap Contracts** |
| **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** |
| **Reference Entity** | **Counterparty** | **Pay/ Receive Reference Entity** | **Financing Rate** | **Payment Frequency** | **Maturity Date** | **Notional Amount** | **Notional Amount** | **Value/ Unrealized Appreciation (Depreciation)** | **Value/ Unrealized Appreciation (Depreciation)** |
| SPDR S&P 500 ETF Trust | Goldman Sachs | Receive | SOFR + 0.70% | Termination | 07/28/2026 | $| 27075912 | $| 1721257 |
| SPDR S&P 500 ETF Trust | Nomura Securities International, Inc. | Receive | SOFR + 0.80% | Termination | 10/26/2026 |  | 1038753 |  | 29183 |
| **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** |  |  | 0 |  | 1750440 |
| There are no upfront payments or receipts associated with total return swaps in the Fund as of November 30, 2025. | There are no upfront payments or receipts associated with total return swaps in the Fund as of November 30, 2025. | There are no upfront payments or receipts associated with total return swaps in the Fund as of November 30, 2025. | There are no upfront payments or receipts associated with total return swaps in the Fund as of November 30, 2025. | There are no upfront payments or receipts associated with total return swaps in the Fund as of November 30, 2025. | There are no upfront payments or receipts associated with total return swaps in the Fund as of November 30, 2025. | There are no upfront payments or receipts associated with total return swaps in the Fund as of November 30, 2025. | There are no upfront payments or receipts associated with total return swaps in the Fund as of November 30, 2025. | There are no upfront payments or receipts associated with total return swaps in the Fund as of November 30, 2025. | There are no upfront payments or receipts associated with total return swaps in the Fund as of November 30, 2025. |
| SOFR - Secured Overnight Financing Rate was 4.12% as of November 30, 2025. | SOFR - Secured Overnight Financing Rate was 4.12% as of November 30, 2025. | SOFR - Secured Overnight Financing Rate was 4.12% as of November 30, 2025. | SOFR - Secured Overnight Financing Rate was 4.12% as of November 30, 2025. | SOFR - Secured Overnight Financing Rate was 4.12% as of November 30, 2025. | SOFR - Secured Overnight Financing Rate was 4.12% as of November 30, 2025. | SOFR - Secured Overnight Financing Rate was 4.12% as of November 30, 2025. | SOFR - Secured Overnight Financing Rate was 4.12% as of November 30, 2025. | SOFR - Secured Overnight Financing Rate was 4.12% as of November 30, 2025. | SOFR - Secured Overnight Financing Rate was 4.12% as of November 30, 2025. |

---

------

#### Summary of Fair Value Disclosure as of November 30, 2025 (Unaudited)
Twin Oak Endure 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>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | $62967939 | $– | $– | $62967939 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | 40944730 | – | – | 40944730 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Purchased Options | – | 2116528 | – | 2116528 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bills | – | 8999020 | – | 8999020 |
| Total Investments | $103912669 | $11115548 | $– | $115028217 |
| <u>Other Financial Instruments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Return Swaps\* | $– | $1750440 | $– | $1750440 |
| Total Other Financial Instruments | $– | $1750440 | $– | $1750440 |
| **Liabilities:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Written Options | $– | $(4549405) | $– | $(4549405) |
| Total Investments | $– | $(4549405) | $– | $(4549405) |
| \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of November 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of November 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of November 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of November 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of November 30, 2025. |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

## 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 Trust

- **b. Investment Company Act file number:** 811-23011

- **c. CIK number of Registrant:** 0001618627

- **d. LEI of Registrant:** 549300LEC95RYURPL757

- **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:** Twin Oak Endure ETF

- **b. EDGAR series identifier (if any):** S000092956

- **c. LEI of Series:** 5299001Y06373Q34F360

**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:** $128241005.55

**Total Liabilities:** $4598478.32

**Net Assets:** $123642527.23

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000261006 | 2.30%                | 3.11%                | -0.36%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-68154.15                                 |
| Month 2  | $8033668.30              | $-2463733.51                               |
| Month 3  | $0.00                    | $-1658153.99                               |

**Designated Index Information**

- **Index Name:** Fund's Securities Portfolio

- **Index Identifier:** 44GP5SYP4Q

### Schedule of Portfolio Investments

| Name                                   | Title                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                    | XYZ 01/16/2026 72.04 C                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -646 | NC      | $-143793.14   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | XYZ 01/16/2026 61.72 P                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       646 | NC      | $118579.76    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Natera Inc                             | Natera Inc                             | CUSIP: 632307104<br>LEI: 529900CQ3OZ0A0VYVU59 | Long             | EC               | CORP              | US        |     33014 | NS      | $7884073.34   | 6.38%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD Holdings Inc                       | PDD Holdings Inc                       | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | IE        |      3227 | NS      | $374590.16    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake Inc                          | Snowflake Inc                          | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |     51962 | NS      | $13054932.88  | 10.56%            |  |  |  | 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        |  11414054 | NS      | $11414054.10  | 9.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                  | Uber Technologies Inc                  | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |      5867 | NS      | $513597.18    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                          | United States Treasury Bill            | CUSIP: 912797RR0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9000000 | PA      | $8999019.72   | 7.28%             | 2025-12-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Vanguard S&P 500 ETF                   | Vanguard S&P 500 ETF                   | CUSIP: 922908363<br>LEI: N/A                  | Long             | EC               | RF                | US        |    100202 | NS      | $62967938.82  | 50.93%            |  |  |  | No            |                  1 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands         | NU Holdings Ltd/Cayman Islands         | CUSIP: N/A<br>LEI: 5493002DG1RHWK9W2X27       | Long             | EC               | CORP              | BR        |    200000 | NS      | $3478000.00   | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                           | DoorDash Inc                           | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |     18548 | NS      | $3679366.76   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Eventbrite Inc                         | Eventbrite Inc                         | CUSIP: 29975E109<br>LEI: 549300N6XBV2B1FAUF55 | Long             | EC               | CORP              | US        |     81769 | NS      | $203604.81    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                    | DASH 01/16/2026 242.15 C               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -178 | NC      | $-20263.52    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | DASH 01/16/2026 207.46 P               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       178 | NC      | $288105.46    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | EB 01/16/2026 2.82 C                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -815 | NC      | $-15362.75    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | EB 01/16/2026 2.41 P                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       815 | NC      | $22624.40     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | MSFT 01/16/2026 521.419 C              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -139 | NC      | $-78204.18    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | MSFT 01/16/2026 446.72 P               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       139 | NC      | $41747.26     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | NTRA 01/16/2026 181.53 C               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -313 | NC      | $-2031708.04  | -1.64%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | NTRA 01/16/2026 155.52 P               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       313 | NC      | $8231.90      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | NU 01/16/2026 13.47 C                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1895 | NC      | $-759762.35   | -0.61%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | NU 01/16/2026 11.54 P                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      1895 | NC      | $3846.85      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | PDD 01/16/2026 111.52 C                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -32 | NC      | $-24383.04    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | PDD 01/16/2026 95.54 P                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        32 | NC      | $1414.08      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | SNOW 01/16/2026 233.72 C               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -494 | NC      | $-1467209.64  | -1.19%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | SNOW 01/16/2026 200.23 P               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       494 | NC      | $147498.52    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | SPY 12/26/2025 660.69 C                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       550 | NC      | $1475694.00   | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | UBER 01/16/2026 94.89 C                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -56 | NC      | $-8718.08     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | UBER 01/16/2026 81.29 P                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        56 | NC      | $8785.84      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Microsoft Corp                         | Microsoft Corp                         | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     14653 | NS      | $7209422.53   | 5.83%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                    | SPDR S&P 500 ETF TRUST SWAP CS         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $1721257.50   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                    | SPDR S&P 500 ETF SWAP NOMURA           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $29182.77     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                              | Block Inc                              | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |     68071 | NS      | $4547142.80   | 3.68%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** RBB Fund Trust

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

**Name of Signer:** RBB Fund Trust

**Title:** CFO COO Secretary