# EDGAR Filing Document

**Accession Number:** 0000831114
**File Stem:** 0001145549-23-002917
**Filing Date:** 2023-1
**Character Count:** 47987
**Document Hash:** f24903366ee4ab8a4c41bac63688d454
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-002917.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001145549-23-002917

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RBB FUND, INC.
- **CENTRAL INDEX KEY:** 0000831114
- **IRS NUMBER:** 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:** 23556844

**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** |
| **PORTFOLIO OF INVESTMENTS** |
| **NOVEMBER 30, 2022 (UNAUDITED)** |

---

---

| | | |
|:---|:---|:---|
|  | **NUMBER OF**<br>**SHARES** |<br>**VALUE** |
| **COMMON STOCKS - 97.2%** | | |
| **Auto Manufacturers — 3.6%** | | |
| Honda Motor Co., Ltd., (Japan) SP ADR | 113600 | $2783200 |
| Toyota Motor Corp., (Japan) SP ADR | 12900 | 1905201 |
|  |  | 4688401 |
| **Auto Parts & Equipment — 0.2%** |  |  |
| Gentex Corp. | 8500 | 245650 |
| **Banks — 12.3%** |  |  |
| Bank of America Corp. | 34000 | 1286900 |
| Bank of Montreal, (Canada) | 23700 | 2318571 |
| Bank of Nova Scotia, (The), (Canada) | 30400 | 1586880 |
| Credicorp Ltd. | 26000 | 3992300 |
| HSBC Holdings PLC, (United Kingdom) SP ADR | 76900 | 2373134 |
| Royal Bank of Canada, (Canada) | 41400 | 4130892 |
| Shinhan Financial Group Co., Ltd., (South Korea) ADR | 9300 | 269886 |
|  |  | 15958563 |
| **Beverages — 1.0%** |  |  |
| Coca-Cola Co., (The) | 3900 | 248079 |
| PepsiCo, Inc. | 5900 | 1094509 |
|  |  | 1342588 |
| **Biotechnology — 7.2%** |  |  |
| Exelixis, Inc.\* | 35100 | 599508 |
| Incyte Corp.\* | 57200 | 4557124 |
| Vertex Pharmaceuticals, Inc.\* | 13200 | 4176480 |
|  |  | 9333112 |
| **Building Materials — 1.5%** |  |  |
| Johnson Controls International PLC, (Ireland) | 21300 | 1415172 |
| Louisiana-Pacific Corp. | 9100 | 580580 |
|  |  | 1995752 |
| **Chemicals — 1.0%** |  |  |
| Air Products & Chemicals, Inc. | 4300 | 1333688 |
| **Commercial Services — 0.2%** |  |  |
| FTI Consulting, Inc.\* | 1500 | 259230 |
| **Computers — 3.7%** |  |  |
| Apple, Inc. | 8500 | 1258255 |
| Check Point Software Technologies Ltd., (Israel)\* | 17600 | 2337808 |
| Cognizant Technology Solutions Corp., Class A | 14300 | 889603 |
| Pure Storage, Inc., Class A\* | 8500 | 248115 |
|  |  | 4733781 |
| **Diversified Financial Services — 4.5%** |  |  |
| Houlihan Lokey, Inc. | 42700 | 4199545 |
| LPL Financial Holdings, Inc. | 7100 | 1680641 |
|  |  | 5880186 |
| **Electric — 2.0%** |  |  |
| Fortis, Inc., (Canada) | 64600 | 2602734 |
| **Electronics — 0.7%** |  |  |
| Garmin Ltd., (Switzerland) | 10400 | 967096 |
| **Engineering & Construction — 0.0%** |  |  |
| Sitios Latinoamerica SAB de CV, (Mexico)\* | 22900 | 10207 |
| **Food — 7.1%** |  |  |
| Campbell Soup Co. | 5100 | 273717 |
| ConAgra Foods, Inc. | 7200 | 273456 |
| Flowers Foods, Inc. | 8600 | 258430 |
| General Mills, Inc. | 25900 | 2209270 |
| Hormel Foods Corp. | 31600 | 1485200 |
| Kellogg Co. | 43000 | 3136850 |
| Kraft Heinz Co., (The) | 16000 | 629600 |
| Mondelez International, Inc., Class A | 9900 | 669339 |
| Tyson Foods, Inc., Class A | 5200 | 344656 |
|  |  | 9280518 |
| **Healthcare-Products — 1.8%** |  |  |
| Hologic, Inc.\* | 3600 | 274176 |
| Medtronic PLC, (Ireland) | 22800 | 1802112 |
| ResMed, Inc. | 1100 | 253220 |
|  |  | 2329508 |
| **Home Furnishings — 1.8%** |  |  |
| Dolby Laboratories, Inc., Class A | 31900 | 2388353 |
| **Insurance — 2.3%** |  |  |
| Assurant, Inc. | 1500 | 192330 |
| Berkshire Hathaway, Inc., Class B\* | 800 | 254880 |
| Chubb Ltd., (Switzerland) | 4020 | 882752 |
| Erie Indemnity Co., Class A | 2100 | 593019 |
| Hanover Insurance Group Inc., (The) | 1900 | 279870 |
| Kinsale Capital Group, Inc. | 900 | 277389 |
| Markel Corp.\* | 200 | 264968 |
| Reinsurance Group of America, Inc. | 1800 | 259920 |
|  |  | 3005128 |
| **Internet — 4.5%** |  |  |
| Alphabet, Inc., Class C\* | 30600 | 3104370 |
| Amazon.com, Inc.\* | 28000 | 2703120 |
|  |  | 5807490 |
| **Machinery-Diversified — 1.4%** |  |  |
| Graco, Inc. | 25900 | 1812223 |
| **Media — 3.8%** |  |  |
| Comcast Corp., Class A | 6300 | 230832 |
| Liberty Media Corp-Liberty SiriusXM\* | 18500 | 810670 |
| Thomson Reuters Corp., (Canada) | 28100 | 3307932 |
| Walt Disney Co., (The)\* | 6700 | 655729 |
|  |  | 5005163 |
| **Mining — 1.4%** |  |  |
| Franco-Nevada Corp., (Canada) | 1800 | 263016 |
| Newmont Corp. | 27800 | 1319666 |
| Wheaton Precious Metals Corp., (Canada) | 7500 | 292725 |
|  |  | 1875407 |
| **Office/Business Equipment — 0.5%** |  |  |
| Canon, Inc., (Japan) SP ADR | 25286 | 590681 |
| **Oil & Gas — 3.2%** |  |  |
| Chevron Corp. | 9600 | 1759776 |
| Exxon Mobil Corp. | 16700 | 1859378 |
| Shell PLC, (United Kingdom), ADR | 8900 | 520383 |
|  |  | 4139537 |
| **Pharmaceuticals — 9.1%** |  |  |
| Bristol-Myers Squibb Co. | 16300 | 1308564 |
| CVS Health Corp. | 5900 | 601092 |
| Dr Reddy's Laboratories Ltd., (India), ADR | 17200 | 968532 |
| Merck & Co., Inc. | 14600 | 1607752 |
| Neurocrine Biosciences, Inc.\* | 24800 | 3151088 |
| Novartis AG, (Switzerland) SP ADR | 27300 | 2444988 |
| Novo Nordisk, (Denmark) SP ADR | 14000 | 1744400 |
|  |  | 11826416 |
| **REITS — 1.8%** |  |  |
| American Homes 4 Rent, Class A | 41100 | 1359177 |
| Sun Communities, Inc. | 1800 | 264420 |
| Welltower, Inc. | 9600 | 681888 |
|  |  | 2305485 |
| **Retail — 2.6%** |  |  |
| Costco Wholesale Corp. | 5100 | 2750175 |
| Murphy USA, Inc. | 2100 | 621201 |
|  |  | 3371376 |
| **Semiconductors — 4.4%** |  |  |
| STMicroelectronics NV, (Netherlands) | 19800 | 769824 |
| Taiwan Semiconductor Manufacturing Co., Ltd., (Taiwan) SP ADR | 59000 | 4895820 |
|  |  | 5665644 |
| **Software — 3.2%** |  |  |
| Microsoft Corp. | 16500 | 4209810 |
| **Telecommunications — 10.4%** |  |  |
| America Movil SAB de CV, (Mexico) SP ADR | 22900 | 445634 |
| AT&T, Inc. | 33300 | 642024 |
| Chunghwa Telecom Co., Ltd., (Taiwan) SP ADR | 31000 | 1132120 |
| Cisco Systems, Inc. | 8300 | 412676 |
| KT Corp., (South Korea), SP ADR | 18100 | 258106 |
| Nice Ltd., (Isreal) SP ADR\* | 9700 | 1883449 |
| Orange SA, (France) SP ADR | 39900 | 406581 |
| Telekomunikasi Indonesia Persero Tbk PT, (Indonesia) ADR | 8300 | 211484 |
| TELUS Corp., (Canada) | 10800 | 230148 |
| T-Mobile US, Inc.\* | 31900 | 4831574 |
| Verizon Communications, Inc. | 49800 | 1941204 |
| Vodafone Group PLC, (United Kingdom) SP ADR | 104700 | 1175781 |
|  |  | 13570781 |
| &nbsp;&nbsp;&nbsp; TOTAL COMMON STOCKS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (Cost $121,124,264) |  | 126534508 |
| **SHORT-TERM INVESTMENTS - 2.8%** |  |  |
| U.S. Bank Money Market Deposit Account, 3.50%<sup>(a)</sup> | 3626122 | 3626122 |
| &nbsp;&nbsp;&nbsp; TOTAL SHORT-TERM INVESTMENTS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (Cost $3,626,122) |  | 3626122 |
| TOTAL INVESTMENTS - 100.0% |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $124,750,386) |  | 130160630 |
| OTHER ASSETS IN EXCESS OF LIABILITIES - 0.0% |  | 56820 |
| NET ASSETS - 100.0% |  | $130217450 |

---

---

| | |
|:---|:---|
| \* | Non-income producing security |
| <sup>(a)</sup> | The rate shown is as of November 30, 2022. |
| ADR | American Depositary Receipt |
| PLC | Public Limited Company |
| REIT | Real Estate Investment Trust |
| SP ADR | Sponsored ADR |
| The accompanying notes are an integral part of the portfolio of investments. | The accompanying notes are an integral part of the portfolio of investments. |

---

------

---

| |
|:---|
| **SGI GLOBAL EQUITY FUND** |
| **NOTES TO THE PORTFOLIO OF INVESTMENTS** |
| **NOVEMBER 30, 2022 (UNAUDITED)** |
| **PORTFOLIO VALUATION** — The Fund's net asset value ("NAV") is calculated once daily at the close of regular trading hours on the New York Stock Exchange ("NYSE") (generally 4:00 p.m. Eastern time) on each day the NYSE is open. Securities held by the Fund are valued using the closing price or the last sale price on a national securities exchange or the National Association of Securities Dealers Automatic Quotation System ("NASDAQ") market system where they are primarily traded. Equity securities traded in the over-the-counter ("OTC") market are valued at their closing prices. If there were no transactions on that day, securities traded principally on an exchange or on NASDAQ will be valued at the mean of the last bid and ask prices prior to the market close. Fixed income securities are valued using an independent pricing service, which considers such factors as security prices, yields, maturities and ratings, and are deemed representative of market values at the close of the market. Foreign securities are valued based on prices from the primary market in which they are traded, and are translated from the local currency into U.S. dollars using current exchange rates. If market quotations are unavailable or deemed unreliable, securities will be valued in accordance with procedures adopted by the Company's Board of Directors (the "Board"). Relying on prices supplied by pricing services or dealers or using fair valuation may result in values that are higher or lower than the values used by other investment companies and investors to price the same investments. Such procedures use fundamental valuation methods, which may include, but are not limited to, an analysis of the effect of any restrictions on the resale of the security, industry analysis and trends, significant changes in the issuer's financial position, and any other event which could have a significant impact on the value of the security. Determination of fair value involves subjective judgment as the actual market value of a particular security can be established only by negotiations between the parties in a sales transaction, and the difference between the recorded fair value and the value that would be received in a sale could be significant. |
| **FAIR VALUE MEASUREMENTS** – The inputs and valuation techniques used to measure the fair value of the Fund's investments are summarized into three levels as described in the hierarchy below: |
| • Level 1 — Prices are determined using quoted prices in active markets for identical securities. |
| • Level 2 — Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). |
| • Level 3 — Prices are determined using significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). |
| The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. |
| The following is a summary of the inputs used, as of November 30, 2022, in valuing the Fund's investments carried at fair value: |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **TOTAL** | **LEVEL 1** | **LEVEL 2** | **LEVEL 3** |
| **SGI GLOBAL EQUITY FUND** | | | | |
| Common Stocks | $126534508 | $126534508 | $- | $- |
| Short-Term Investments | 3626122 | 3626122 | - | - |
| Total Investments\* | $130160630 | $130160630 | $- | $- |
| \* Please refer to Portfolio of Investments for further details. | \* Please refer to Portfolio of Investments for further details. | \* Please refer to Portfolio of Investments for further details. | \* Please refer to Portfolio of Investments for further details. | \* Please refer to Portfolio of Investments for further details. |

---

---

| |
|:---|
| At the end of each quarter, management evaluates the classification of Levels 1, 2 and 3 assets and liabilities. Various factors are considered, such as changes in liquidity from the prior reporting period; whether or not a broker is willing to execute at the quoted price; the depth and consistency of prices from third party pricing services; and the existence of contemporaneous, observable trades in the market. Additionally, management evaluates the classification of Levels 1, 2 and 3 assets and liabilities on a quarterly basis for changes in listings or delistings on national exchanges. |
| Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of the Fund's investments may fluctuate from period to period. Additionally, the fair value of investments may differ significantly from the values that would have been used had a ready market existed for such investments and may differ materially from the values the Fund may ultimately realize. Further, such investments may be subject to legal and other restrictions on resale or otherwise less liquid than publicly traded securities. |
| For fair valuations using significant unobservable inputs, U.S. generally accepted accounting principles ("U.S. GAAP") requires the Fund to present a reconciliation of the beginning to ending balances for reported market values that presents changes attributable to total realized and unrealized gains or losses, purchase and sales, and transfers in and out of Level 3 during the period. Transfers in and out between levels are based on values at the end of the period. A reconciliation of Level 3 investments is presented only if the Fund had an amount of Level 3 investments at the end of the reporting period that was meaningful in relation to its net assets. The amounts and reasons for Level 3 transfers in and out of each level is disclosed when the Fund had an amount of total Level 3 transfers during the reporting period that was meaningful in relation to its net assets as of the end of the reporting period. |
| For fair valuations using significant unobservable inputs, U.S. generally accepted accounting principles ("U.S. GAAP") requires the Fund to present a reconciliation of the beginning to ending balances for reported market values that presents changes attributable to total realized and unrealized gains or losses, purchase and sales, and transfers in and out of Level 3 during the period. Transfers in and out between levels are based on values at the end of the period. A reconciliation of Level 3 investments is presented only if the Fund had an amount of Level 3 investments at the end of the reporting period that was meaningful in relation to its net assets. The amounts and reasons for Level 3 transfers in and out of each level is disclosed when the Fund had an amount of total Level 3 transfers during the reporting period that was meaningful in relation to its net assets as of the end of the reporting period. |
| During the current fiscal period, the Fund had no Level 3 purchases, sales, or transfers. |
| For more information with regard to significant accounting policies, see the most recent semi-annual or annual report filed with the Securities and Exchange Commission. |

---

## 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:** 414-765-5366

**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:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**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:** $130553027.99

**Total Liabilities:** $186969.18

**Net Assets:** $130366058.81

**Cash Not Reported:** $3004.12

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000138402 | -7.81%               | 6.84%                | 6.18%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-160277.75              | $-9266597.39                               |
| Month 2  | $384849.41               | $7228464.45                                |
| Month 3  | $-570174.58              | $7966312.56                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Bristol-Myers Squibb Co                | Bristol-Myers Squibb Co                   | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     16300 | NS      | $1308564.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                        | CVS Health Corp                           | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      5900 | NS      | $601092.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Campbell Soup Co                       | Campbell Soup Co                          | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | EC               | CORP              | US        |      5100 | NS      | $273717.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Canon Inc                              | Canon Inc                                 | CUSIP: 138006309<br>LEI: 529900JH1GSC035SSP77 | Long             | EC               | CORP              | JP        |     25286 | NS      | $590680.96    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                           | Chevron Corp                              | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9600 | NS      | $1759776.00   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Chunghwa Telecom Co Ltd                | Chunghwa Telecom Co Ltd                   | CUSIP: 17133Q502<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     31000 | NS      | $1132120.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                      | Cisco Systems Inc                         | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      8300 | NS      | $412676.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The                       | Coca-Cola Co/The                          | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |      3900 | NS      | $248079.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions         | Cognizant Technology Solutions Corp       | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |     14300 | NS      | $889603.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                           | Comcast Corp                              | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |      6300 | NS      | $230832.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Conagra Brands Inc                     | Conagra Brands Inc                        | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |      7200 | NS      | $273456.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp                  | Costco Wholesale Corp                     | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      5100 | NS      | $2750175.00   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                     | Walt Disney Co/The                        | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      6700 | NS      | $655729.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Dr Reddy's Laboratories Ltd            | Dr Reddy's Laboratories Ltd               | CUSIP: 256135203<br>LEI: 335800OVDPY3DVZR2798 | Long             | EC               | CORP              | IN        |     17200 | NS      | $968532.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Dolby Laboratories Inc                 | Dolby Laboratories Inc                    | CUSIP: 25659T107<br>LEI: 549300X04FB2QPCJ5J24 | Long             | EC               | CORP              | US        |     31900 | NS      | $2388353.00   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Erie Indemnity Co                      | Erie Indemnity Co                         | CUSIP: 29530P102<br>LEI: 549300WA5KP94KRUFZ80 | Long             | EC               | CORP              | US        |      2100 | NS      | $593019.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis Inc                           | Exelixis Inc                              | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |     35100 | NS      | $599508.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                       | Exxon Mobil Corp                          | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     16700 | NS      | $1859378.00   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| FTI Consulting Inc                     | FTI Consulting Inc                        | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               | CORP              | US        |      1500 | NS      | $259230.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowers Foods Inc                      | Flowers Foods Inc                         | CUSIP: 343498101<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | EC               | CORP              | US        |      8600 | NS      | $258430.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortis Inc/Canada                      | Fortis Inc/Canada                         | CUSIP: 349553107<br>LEI: 549300MQYQ9Y065XPR71 | Long             | EC               | CORP              | CA        |     64600 | NS      | $2602734.00   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Franco-Nevada Corp                     | Franco-Nevada Corp                        | CUSIP: 351858105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      1800 | NS      | $263016.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills Inc                      | General Mills Inc                         | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |     25900 | NS      | $2209270.00   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp                            | Gentex Corp                               | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |      8500 | NS      | $245650.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco Inc                              | Graco Inc                                 | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |     25900 | NS      | $1812223.00   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Holdings PLC                      | HSBC Holdings PLC                         | CUSIP: 404280406<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EC               | CORP              | GB        |     76900 | NS      | $2373134.00   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Group Inc/Th         | Hanover Insurance Group Inc/The           | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |      1900 | NS      | $279870.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Hologic Inc                            | Hologic Inc                               | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |      3600 | NS      | $274176.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Honda Motor Co Ltd                     | Honda Motor Co Ltd                        | CUSIP: 438128308<br>LEI: 549300P7ZYCQJ36CCS16 | Long             | EC               | CORP              | JP        |    113600 | NS      | $2783200.00   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Hormel Foods Corp                      | Hormel Foods Corp                         | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |     31600 | NS      | $1485200.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc                     | Houlihan Lokey Inc                        | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |     42700 | NS      | $4199545.00   | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corp                            | Incyte Corp                               | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |     57200 | NS      | $4557124.00   | 3.50%             |  |  |  | No            |                  1 | On Loan: No      |
| KT Corp                                | KT Corp                                   | CUSIP: 48268K101<br>LEI: 9884005ACF8449EANY26 | Long             | EC               | CORP              | KR        |     18100 | NS      | $258106.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Kellogg Co                             | Kellogg Co                                | CUSIP: 487836108<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | EC               | CORP              | US        |     43000 | NS      | $3136850.00   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group Inc              | Kinsale Capital Group Inc                 | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |       900 | NS      | $277389.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraft Heinz Co/The                     | Kraft Heinz Co/The                        | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |     16000 | NS      | $629600.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc             | LPL Financial Holdings Inc                | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      7100 | NS      | $1680641.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty Sir         | Liberty Media Corp-Liberty SiriusXM       | CUSIP: 531229409<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18500 | NS      | $810670.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana-Pacific Corp                 | Louisiana-Pacific Corp                    | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |      9100 | NS      | $580580.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Markel Corp                            | Markel Corp                               | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |       200 | NS      | $264968.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                         | Merck & Co Inc                            | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     14600 | NS      | $1607752.00   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                         | Microsoft Corp                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     16500 | NS      | $4209810.00   | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc             | Mondelez International Inc                | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |      9900 | NS      | $669339.00    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy USA Inc                         | Murphy USA Inc                            | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |      2100 | NS      | $621201.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences Inc             | Neurocrine Biosciences Inc                | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |     24800 | NS      | $3151088.00   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                           | Newmont Corp                              | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     27800 | NS      | $1319666.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Nice Ltd                               | Nice Ltd                                  | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Long             | EC               | CORP              | IL        |      9700 | NS      | $1883449.00   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                            | Novartis AG                               | CUSIP: 66987V109<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |     27300 | NS      | $2444988.00   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                       | Novo Nordisk A/S                          | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |     14000 | NS      | $1744400.00   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Orange SA                              | Orange SA                                 | CUSIP: 684060106<br>LEI: 969500MCOONR8990S771 | Long             | EC               | CORP              | FR        |     39900 | NS      | $406581.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                            | PepsiCo Inc                               | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      5900 | NS      | $1094509.00   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Telkom Indonesia Persero Tbk P         | Telkom Indonesia Persero Tbk PT           | CUSIP: 715684106<br>LEI: 529900M5SQZAOKV1PC81 | Long             | EC               | CORP              | ID        |      8300 | NS      | $211484.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage Inc                       | Pure Storage Inc                          | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |      8500 | NS      | $248115.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America I         | Reinsurance Group of America Inc          | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |      1800 | NS      | $259920.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc                             | ResMed Inc                                | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |      1100 | NS      | $253220.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Bank of Canada                   | Royal Bank of Canada                      | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               | CORP              | CA        |     41400 | NS      | $4130892.00   | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                              | Shell PLC                                 | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |      8900 | NS      | $520383.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Shinhan Financial Group Co Ltd         | Shinhan Financial Group Co Ltd            | CUSIP: 824596100<br>LEI: 988400EB8A6G49E5KO54 | Long             | EC               | CORP              | KR        |      9300 | NS      | $269886.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| STMicroelectronics NV                  | STMicroelectronics NV                     | CUSIP: 861012102<br>LEI: 213800Z8NOHIKRI42W10 | Long             | EC               | CORP              | CH        |     19800 | NS      | $769824.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities Inc                    | Sun Communities Inc                       | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |      1800 | NS      | $264420.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                        | T-Mobile US Inc                           | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     31900 | NS      | $4831574.00   | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                                   | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     59000 | NS      | $4895820.00   | 3.76%             |  |  |  | No            |                  1 | On Loan: No      |
| TELUS Corp                             | TELUS Corp                                | CUSIP: 87971M103<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | EC               | CORP              | CA        |     10800 | NS      | $230148.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Thomson Reuters Corp                   | Thomson Reuters Corp                      | CUSIP: 884903709<br>LEI: 549300561UZND4C7B569 | Long             | EC               | CORP              | CA        |     28100 | NS      | $3307932.00   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                               | AT&T Inc                                  | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     33300 | NS      | $642024.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals Inc         | Air Products and Chemicals Inc            | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |      4300 | NS      | $1333688.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                           | Alphabet Inc                              | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     30600 | NS      | $3104370.00   | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                         | Amazon.com Inc                            | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     28000 | NS      | $2703120.00   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| America Movil SAB de CV                | America Movil SAB de CV                   | CUSIP: 02364W105<br>LEI: 5493000FNR3UCEAONM59 | Long             | EC               | CORP              | MX        |     22900 | NS      | $445634.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                  | American Homes 4 Rent                     | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |     41100 | NS      | $1359177.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                              | Apple Inc                                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      8500 | NS      | $1258255.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant Inc                           | Assurant Inc                              | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |      1500 | NS      | $192330.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                   | Bank of America Corp                      | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     34000 | NS      | $1286900.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Montreal                       | Bank of Montreal                          | CUSIP: 063671101<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | EC               | CORP              | CA        |     23700 | NS      | $2318571.00   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Nova Scotia/The                | Bank of Nova Scotia/The                   | CUSIP: 064149107<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | EC               | CORP              | CA        |     30400 | NS      | $1586880.00   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc                 | Berkshire Hathaway Inc                    | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |       800 | NS      | $254880.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyota Motor Corp                      | Toyota Motor Corp                         | CUSIP: 892331307<br>LEI: 5493006W3QUS5LMH6R84 | Long             | EC               | CORP              | JP        |     12900 | NS      | $1905201.00   | 1.46%             |  |  |  | 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        |   3623118 | NS      | $3623117.62   | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                        | Tyson Foods Inc                           | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |      5200 | NS      | $344656.00    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc             | Verizon Communications Inc                | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     49800 | NS      | $1941204.00   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc             | Vertex Pharmaceuticals Inc                | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |     13200 | NS      | $4176480.00   | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Vodafone Group PLC                     | Vodafone Group PLC                        | CUSIP: 92857W308<br>LEI: 213800TB53ELEUKM7Q61 | Long             | EC               | CORP              | GB        |    104700 | NS      | $1175781.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                          | Welltower Inc                             | CUSIP: 95040Q104<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | EC               | CORP              | US        |      9600 | NS      | $681888.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Wheaton Precious Metals Corp           | Wheaton Precious Metals Corp              | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |      7500 | NS      | $292725.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Sitios Latinoamerica SAB de CV         | Sitios Latinoamerica SAB de CV            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |     22900 | NS      | $10207.32     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Credicorp Ltd                          | Credicorp Ltd                             | CUSIP: N/A<br>LEI: 529900UYAEYQCQ2BKB17       | Long             | EC               | CORP              | PE        |     26000 | NS      | $3992300.00   | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International         | Johnson Controls International plc        | CUSIP: N/A<br>LEI: 549300XQ6S1GYKGBL205       | Long             | EC               | CORP              | US        |     21300 | NS      | $1415172.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                          | Medtronic PLC                             | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |     22800 | NS      | $1802112.00   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                              | Chubb Ltd                                 | CUSIP: N/A<br>LEI: E0JAN6VLUDI1HITHT809       | Long             | EC               | CORP              | CH        |      4020 | NS      | $882751.80    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd                             | Garmin Ltd                                | CUSIP: N/A<br>LEI: 2549001E0HIPIJQ0W046       | Long             | EC               | CORP              | CH        |     10400 | NS      | $967096.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Check Point Software Technolog         | Check Point Software Technologies Ltd     | CUSIP: N/A<br>LEI: 2549003ZVBH73EPNS513       | Long             | EC               | CORP              | IL        |     17600 | NS      | $2337808.00   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-24

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

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

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

**Title:** CFO COO Treasurer