# EDGAR Filing Document

**Accession Number:** 0001618627
**File Stem:** 0000894189-26-002051
**Filing Date:** 2026-1
**Character Count:** 41373
**Document Hash:** ea5b791ddf1f7adcf9adb05c7b86d54b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-002051.hdr.sgml**: 20260128

**ACCESSION NUMBER**: 0000894189-26-002051

**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:** 26569337

**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

### MUFG Japan Small Cap Active ETF (Series ID: S000093543)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000261884 | MUFG Japan Small Cap Active ETF | MJSC            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **MUFG Japan Small Cap Active ETF** | **MUFG Japan Small Cap Active ETF** | **MUFG Japan Small Cap Active ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** |
| **COMMON STOCKS - 99.2%** | **Shares** | **Value**  |
| **Japan - 99.2% <sup>(a)</sup>** | **Japan - 99.2% <sup>(a)</sup>** | |
| ADEKA Corp. | 6900 | $163557 |
| ALSOK Co. Ltd. | 35200 | 276096 |
| Amano Corp. | 9500 | 256296 |
| and ST HD Co. Ltd. | 7500 | 141493 |
| Anritsu Corp. | 17100 | 259760 |
| Asahi Intecc Co. Ltd. | 11000 | 206290 |
| Azbil Corp. | 24100 | 227487 |
| BuySell Technologies Co. Ltd. | 6000 | 161295 |
| Cosmo Energy Holdings Co. Ltd. | 7900 | 205284 |
| Cosmos Pharmaceutical Corp. | 2700 | 129230 |
| Cover Corp. <sup>(b)</sup> | 14800 | 158385 |
| CTI Engineering Co. Ltd. | 10900 | 211993 |
| CyberAgent, Inc. | 19500 | 174507 |
| Dai-Dan Co. Ltd. | 5700 | 266645 |
| Fuji Corp. | 11500 | 252256 |
| Fuji Electric Co. Ltd. | 3000 | 209164 |
| Future Corp. | 11700 | 153926 |
| GMO Financial Gate, Inc. | 5600 | 197014 |
| GS Yuasa Corp. | 7400 | 197128 |
| Gunma Bank Ltd. | 28200 | 313444 |
| Hachijuni Bank Ltd. | 32000 | 343172 |
| Harmonic Drive Systems, Inc. | 5300 | 104947 |
| Haseko Corp. | 16300 | 312003 |
| Hirose Electric Co. Ltd. | 1800 | 203300 |
| Hoshizaki Corp. | 5100 | 172233 |
| Ibiden Co. Ltd. | 2900 | 220775 |
| Iida Group Holdings Co. Ltd. | 15800 | 251099 |
| INFRONEER Holdings, Inc. | 25600 | 329002 |
| Internet Initiative Japan, Inc. | 11400 | 209883 |
| Iyogin Holdings, Inc. | 19800 | 325707 |
| Japan Elevator Service Holdings Co. Ltd. | 15100 | 187915 |
| Japan Material Co. Ltd. | 14500 | 157405 |
| Japan Steel Works Ltd. | 6400 | 378750 |
| JINS Holdings, Inc. | 2600 | 102134 |
| Kakaku.com, Inc. | 10800 | 159457 |
| Kandenko Co. Ltd. | 13800 | 437567 |
| Koei Tecmo Holdings Co. Ltd. | 17700 | 241936 |
| Kura Sushi, Inc. | 4100 | 88279 |
| Kureha Corp. | 7300 | 185950 |
| Kurita Water Industries Ltd. | 7500 | 298798 |
| Kyoto Financial Group, Inc. | 14700 | 320282 |
| Macnica Holdings, Inc. | 17800 | 264633 |
| Marui Group Co. Ltd. | 10700 | 217566 |
| Maruwa Co. Ltd. | 900 | 273143 |
| Meiko Electronics Co. Ltd. | 3000 | 215700 |
| Mercari, Inc. <sup>(b)</sup> | 10100 | 171839 |
| Micronics Japan Co. Ltd. | 5400 | 228042 |
| MISUMI Group, Inc. | 7300 | 105629 |
| Mitsui High-Tec, Inc. | 21500 | 109394 |
| Mitsui Kinzoku Co. Ltd. | 1600 | 182813 |
| Miura Co. Ltd. | 7900 | 155165 |
| Monex Group, Inc. | 25000 | 118552 |
| Morinaga & Co. Ltd. | 18600 | 318244 |
| Morinaga Milk Industry Co. Ltd. | 5700 | 136975 |
| Musashi Seimitsu Industry Co. Ltd. | 8800 | 162184 |
| Nagase & Co. Ltd. | 11500 | 270532 |
| Namura Shipbuilding Co. Ltd. | 6200 | 182961 |
| Nifco, Inc. | 8500 | 261727 |
| Nihon Kohden Corp. | 13600 | 138222 |
| Nihon M&A Center Holdings, Inc. | 32800 | 153900 |
| Nissui Corp. | 37900 | 300067 |
| NSD Co. Ltd. | 9000 | 209125 |
| OBIC Business Consultants Co. Ltd. | 5500 | 308289 |
| Osaka Soda Co. Ltd. | 20400 | 287992 |
| OSAKA Titanium Technologies Co. Ltd. | 7500 | 108379 |
| OSG Corp. | 15600 | 229776 |
| PAL GROUP Holdings Co. Ltd. | 12000 | 167562 |
| Park24 Co. Ltd. | 17300 | 204873 |
| Penta-Ocean Construction Co. Ltd. | 45800 | 506280 |
| PeptiDream, Inc. <sup>(b)</sup> | 8700 | 99237 |
| Persol Holdings Co. Ltd. | 103900 | 187027 |
| Raito Kogyo Co. Ltd. | 13300 | 288074 |
| Saizeriya Co. Ltd. | 9800 | 366754 |
| San-A Co. Ltd. | 10300 | 189697 |
| Sansan, Inc. <sup>(b)</sup> | 15300 | 165305 |
| Shizuoka Financial Group, Inc. | 28500 | 413209 |
| SHO-BOND Holdings Co. Ltd. | 4100 | 132866 |
| SKY Perfect JSAT Holdings, Inc. | 20700 | 256677 |
| Sojitz Corp. | 9600 | 280772 |
| SUMCO Corp. | 12000 | 94816 |
| Sumitomo Bakelite Co. Ltd. | 8200 | 267571 |
| Taiyo Holdings Co. Ltd. | 8200 | 244870 |
| Taiyo Yuden Co. Ltd. | 5600 | 116952 |
| Tokyo Century Corp. | 22600 | 286103 |
| Tokyo Ohka Kogyo Co. Ltd. | 7300 | 280352 |
| Tokyo Seimitsu Co. Ltd. | 3200 | 212752 |
| Tokyo Tatemono Co. Ltd. | 19300 | 426690 |
| Towa Corp. | 11100 | 152292 |
| Ulvac, Inc. | 4500 | 193236 |
| Visional, Inc. <sup>(b)</sup> | 2100 | 141032 |
| West Holdings Corp. | 8200 | 80345 |
| **TOTAL COMMON STOCKS** (Cost $19,774,874) | **TOTAL COMMON STOCKS** (Cost $19,774,874) | 20058037 |
| **TOTAL INVESTMENTS - 99.2% (**Cost $19,774,874**)** | **TOTAL INVESTMENTS - 99.2% (**Cost $19,774,874**)** | 20058037 |
| Other Assets in Excess of Liabilities - 0.8% | Other Assets in Excess of Liabilities - 0.8% | 163825 |
| **TOTAL NET ASSETS - 100.0%** |  | $20221862 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

(a) To the extent that the Fund invests a significant portion of its assets in the securities of companies of a single country or region, it is more likely to be impacted by events or conditions affecting such country
 or region.

(b) Non-income producing security.

------

#### <br>

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

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

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $20058037 | $– | $– | $20058037 |
| Total Investments | $20058037 | $– | $– | $20058037 |
| 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:** MUFG Japan Small Cap Active ETF

- **b. EDGAR series identifier (if any):** S000093543

- **c. LEI of Series:** 529900DZP7A2KG2V8Q78

**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:** $20301148.32

**Total Liabilities:** $79287.58

**Net Assets:** $20221860.74

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000261884 | -1.52%               | -0.60%               | 2.39%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2770.49                | $-171912.06                                |
| Month 2  | $-34364.07               | $-43707.94                                 |
| Month 3  | $-21053.74               | $498799.61                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| and ST HD Co Ltd                       | and ST HD Co Ltd                       | CUSIP: N/A<br>LEI: 353800DZZIJ399PIWU03       | Long             | EC               | CORP              | JP        |      7500 | NS      | $141493.11    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Fuji Corp/Aichi                        | Fuji Corp/Aichi                        | CUSIP: N/A<br>LEI: 353800G4VS3QLM6BSX66       | Long             | EC               | CORP              | JP        |     11500 | NS      | $252255.69    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Hirose Electric Co Ltd                 | Hirose Electric Co Ltd                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1800 | NS      | $203300.22    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Kurita Water Industries Ltd            | Kurita Water Industries Ltd            | CUSIP: N/A<br>LEI: 52990086GS2ON69UMX34       | Long             | EC               | CORP              | JP        |      7500 | NS      | $298798.46    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Maruwa Co Ltd/Aichi                    | Maruwa Co Ltd/Aichi                    | CUSIP: N/A<br>LEI: 3538009BXGIG8PFXNI29       | Long             | EC               | CORP              | JP        |       900 | NS      | $273143.22    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Asahi Intecc Co Ltd                    | Asahi Intecc Co Ltd                    | CUSIP: N/A<br>LEI: 353800J3AV2SCNIO8L39       | Long             | EC               | CORP              | JP        |     11000 | NS      | $206289.65    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hoshizaki Corp                         | Hoshizaki Corp                         | CUSIP: N/A<br>LEI: 5299001QAMLGU3SRBG20       | Long             | EC               | CORP              | JP        |      5100 | NS      | $172233.26    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Cover Corp                             | Cover Corp                             | CUSIP: N/A<br>LEI: 52990035OHMHKGU4UZ13       | Long             | EC               | CORP              | JP        |     14800 | NS      | $158385.13    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Macnica Holdings Inc                   | Macnica Holdings Inc                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     17800 | NS      | $264633.13    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Cosmo Energy Holdings Co Ltd           | Cosmo Energy Holdings Co Ltd           | CUSIP: N/A<br>LEI: 353800Y4GZ7KR5X7L150       | Long             | EC               | CORP              | JP        |      7900 | NS      | $205283.56    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Tatemono Co Ltd                  | Tokyo Tatemono Co Ltd                  | CUSIP: N/A<br>LEI: 529900RQA4JTW1869J86       | Long             | EC               | CORP              | JP        |     19300 | NS      | $426690.16    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Visional Inc                           | Visional Inc                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      2100 | NS      | $141031.72    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Anritsu Corp                           | Anritsu Corp                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     17100 | NS      | $259760.01    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| OBIC Bus Consult                       | OBIC Business Consultants Co Ltd       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      5500 | NS      | $308289.01    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| CTI Engineering Co Ltd                 | CTI Engineering Co Ltd                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     10900 | NS      | $211992.95    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Musashi Seimitsu Industry Co L         | Musashi Seimitsu Industry Co Ltd       | CUSIP: N/A<br>LEI: 353800J742CBBV9MSZ43       | Long             | EC               | CORP              | JP        |      8800 | NS      | $162183.92    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| PAL GROUP Holdings Co Ltd              | PAL GROUP Holdings Co Ltd              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     12000 | NS      | $167561.68    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| ALSOK Co Ltd                           | ALSOK Co Ltd                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     35200 | NS      | $276096.12    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Micronics Japan Co Ltd                 | Micronics Japan Co Ltd                 | CUSIP: N/A<br>LEI: 353800FFW2OP7ZVXBO86       | Long             | EC               | CORP              | JP        |      5400 | NS      | $228042.29    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Meiko Electronics Co Ltd               | Meiko Electronics Co Ltd               | CUSIP: N/A<br>LEI: 529900LGRXWX2ACMWR86       | Long             | EC               | CORP              | JP        |      3000 | NS      | $215700.10    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Kura Sushi Inc                         | Kura Sushi Inc                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      4100 | NS      | $88279.40     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Sojitz Corp                            | Sojitz Corp                            | CUSIP: N/A<br>LEI: 5493004SE33MRLPB1W98       | Long             | EC               | CORP              | JP        |      9600 | NS      | $280771.55    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| MISUMI Group Inc                       | MISUMI Group Inc                       | CUSIP: N/A<br>LEI: 353800SJWGE5BEK2V032       | Long             | EC               | CORP              | JP        |      7300 | NS      | $105628.97    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Hachijuni Bank Ltd/The                 | Hachijuni Bank Ltd/The                 | CUSIP: N/A<br>LEI: FE70I3MHDCWOZWK19W48       | Long             | EC               | CORP              | JP        |     32000 | NS      | $343172.06    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Haseko Corp                            | Haseko Corp                            | CUSIP: N/A<br>LEI: 529900EH7TSG348O4045       | Long             | EC               | CORP              | JP        |     16300 | NS      | $312003.20    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui Kinzoku Co Ltd                  | Mitsui Kinzoku Co Ltd                  | CUSIP: N/A<br>LEI: 35380021EYAHSQM25559       | Long             | EC               | CORP              | JP        |      1600 | NS      | $182813.20    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Namura Shipbuilding Co Ltd             | Namura Shipbuilding Co Ltd             | CUSIP: N/A<br>LEI: 353800L4EGBFKO3C4X44       | Long             | EC               | CORP              | JP        |      6200 | NS      | $182960.59    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Kandenko Co Ltd                        | Kandenko Co Ltd                        | CUSIP: N/A<br>LEI: 35380080NSN7GCYZ3X14       | Long             | EC               | CORP              | JP        |     13800 | NS      | $437567.45    | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Kureha Corp                            | Kureha Corp                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      7300 | NS      | $185950.02    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| NSD Co Ltd                             | NSD Co Ltd                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      9000 | NS      | $209125.28    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Century Corp                     | Tokyo Century Corp                     | CUSIP: N/A<br>LEI: 35380096ZLHOF84DXR74       | Long             | EC               | CORP              | JP        |     22600 | NS      | $286102.53    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui High-Tec Inc                    | Mitsui High-Tec Inc                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     21500 | NS      | $109394.42    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Miura Co Ltd                           | Miura Co Ltd                           | CUSIP: N/A<br>LEI: 3538005VS7UNWU9PHX56       | Long             | EC               | CORP              | JP        |      7900 | NS      | $155165.01    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Nissui Corp                            | Nissui Corp                            | CUSIP: N/A<br>LEI: 529900MPH5BMANQ3EC50       | Long             | EC               | CORP              | JP        |     37900 | NS      | $300066.97    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Osaka Soda Co Ltd                      | Osaka Soda Co Ltd                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     20400 | NS      | $287992.31    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Seimitsu Co Ltd                  | Tokyo Seimitsu Co Ltd                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      3200 | NS      | $212752.32    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| West Holdings Corp                     | West Holdings Corp                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      8200 | NS      | $80344.76     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Nihon M&A Center Holdings Inc          | Nihon M&A Center Holdings Inc          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     32800 | NS      | $153900.42    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| SHO-BOND Holdings Co Ltd               | SHO-BOND Holdings Co Ltd               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      4100 | NS      | $132865.75    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Kakaku.com Inc                         | Kakaku.com Inc                         | CUSIP: N/A<br>LEI: 353800KA15Y0DCPWYY65       | Long             | EC               | CORP              | JP        |     10800 | NS      | $159456.58    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Raito Kogyo Co Ltd                     | Raito Kogyo Co Ltd                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     13300 | NS      | $288074.34    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Material Co Ltd                  | Japan Material Co Ltd                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     14500 | NS      | $157404.68    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Iida Group Holdings Co Ltd             | Iida Group Holdings Co Ltd             | CUSIP: N/A<br>LEI: 35380051BV8PV1I4S949       | Long             | EC               | CORP              | JP        |     15800 | NS      | $251099.01    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Bakelite Co Ltd               | Sumitomo Bakelite Co Ltd               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      8200 | NS      | $267570.65    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Internet Initiative Japan Inc          | Internet Initiative Japan Inc          | CUSIP: N/A<br>LEI: 529900EOCJNAPUHDFR78       | Long             | EC               | CORP              | JP        |     11400 | NS      | $209882.73    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercari Inc                            | Mercari Inc                            | CUSIP: J42305102<br>LEI: 3538009SK4V5AXSTUJ26 | Long             | EC               | CORP              | JP        |     10100 | NS      | $171839.15    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Iyogin Holdings Inc                    | Iyogin Holdings Inc                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     19800 | NS      | $325707.15    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMCO Corp                             | SUMCO Corp                             | CUSIP: N/A<br>LEI: 353800SUSRUOM0V6KU92       | Long             | EC               | CORP              | JP        |     12000 | NS      | $94815.76     | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| SKY Perfect JSAT Holdings Inc          | SKY Perfect JSAT Holdings Inc          | CUSIP: N/A<br>LEI: 5299009SAF34W9TVEF26       | Long             | EC               | CORP              | JP        |     20700 | NS      | $256677.35    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Sansan Inc                             | Sansan Inc                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     15300 | NS      | $165304.71    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| GMO Financial Gate Inc                 | GMO Financial Gate Inc                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      5600 | NS      | $197013.78    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| ADEKA Corp                             | ADEKA Corp                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      6900 | NS      | $163557.19    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Fuji Electric Co Ltd                   | Fuji Electric Co Ltd                   | CUSIP: N/A<br>LEI: 5299000HVNGZZTYYM906       | Long             | EC               | CORP              | JP        |      3000 | NS      | $209163.73    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Gunma Bank Ltd/The                     | Gunma Bank Ltd/The                     | CUSIP: N/A<br>LEI: 54930054A69VC4I5BP89       | Long             | EC               | CORP              | JP        |     28200 | NS      | $313443.77    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Steel Works Ltd/The              | Japan Steel Works Ltd/The              | CUSIP: N/A<br>LEI: 529900AWFTILIHHO0936       | Long             | EC               | CORP              | JP        |      6400 | NS      | $378750.40    | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Nagase & Co Ltd                        | Nagase & Co Ltd                        | CUSIP: N/A<br>LEI: 353800VMIQIB0LSK1Q36       | Long             | EC               | CORP              | JP        |     11500 | NS      | $270531.88    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Nifco Inc/Japan                        | Nifco Inc/Japan                        | CUSIP: 654101104<br>LEI: 353800JMDOH68J9I5140 | Long             | EC               | CORP              | JP        |      8500 | NS      | $261727.01    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| GS Yuasa Corp                          | GS Yuasa Corp                          | CUSIP: N/A<br>LEI: 353800MW7O6PQQHLDR79       | Long             | EC               | CORP              | JP        |      7400 | NS      | $197127.84    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Ohka Kogyo Co Ltd                | Tokyo Ohka Kogyo Co Ltd                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      7300 | NS      | $280351.81    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Cosmos Pharmaceutical Corp             | Cosmos Pharmaceutical Corp             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      2700 | NS      | $129229.73    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Elevator Service Holding         | Japan Elevator Service Holdings Co Ltd | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     15100 | NS      | $187915.41    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Amano Corp                             | Amano Corp                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      9500 | NS      | $256296.06    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmonic Drive Systems Inc             | Harmonic Drive Systems Inc             | CUSIP: N/A<br>LEI: 353800XFIX2EUARGOE85       | Long             | EC               | CORP              | JP        |      5300 | NS      | $104947.13    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| OSAKA Titanium Technologies Co         | OSAKA Titanium Technologies Co Ltd     | CUSIP: N/A<br>LEI: 529900HGCI4F5WM6OE59       | Long             | EC               | CORP              | JP        |      7500 | NS      | $108378.72    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| OSG Corp                               | OSG Corp                               | CUSIP: N/A<br>LEI: 353800IWJAOVAFO6X450       | Long             | EC               | CORP              | JP        |     15600 | NS      | $229776.35    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Dai-Dan Co Ltd                         | Dai-Dan Co Ltd                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      5700 | NS      | $266645.31    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Park24 Co Ltd                          | Park24 Co Ltd                          | CUSIP: N/A<br>LEI: 549300LFG2WZWCWM4M68       | Long             | EC               | CORP              | JP        |     17300 | NS      | $204872.80    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiyo Holdings Co Ltd                  | Taiyo Holdings Co Ltd                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      8200 | NS      | $244870.23    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Koei Tecmo Holdings Co Ltd             | Koei Tecmo Holdings Co Ltd             | CUSIP: N/A<br>LEI: 353800RQ25FIYLPYXP11       | Long             | EC               | CORP              | JP        |     17700 | NS      | $241935.92    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BuySell Technologies Co Ltd            | BuySell Technologies Co Ltd            | CUSIP: N/A<br>LEI: 353800QCRDO2G02AM851       | Long             | EC               | CORP              | JP        |      6000 | NS      | $161294.46    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| INFRONEER Holdings Inc                 | INFRONEER Holdings Inc                 | CUSIP: N/A<br>LEI: 353800G6TWA2W0MY9K16       | Long             | EC               | CORP              | JP        |     25600 | NS      | $329002.24    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyoto Financial Group Inc              | Kyoto Financial Group Inc              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     14700 | NS      | $320281.96    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Ibiden Co Ltd                          | Ibiden Co Ltd                          | CUSIP: N/A<br>LEI: 52990051DBFIQEY37C91       | Long             | EC               | CORP              | JP        |      2900 | NS      | $220775.39    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Morinaga Milk Industry Co Ltd          | Morinaga Milk Industry Co Ltd          | CUSIP: N/A<br>LEI: 529900FB91P7MVO08949       | Long             | EC               | CORP              | JP        |      5700 | NS      | $136975.33    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Nihon Kohden Corp                      | Nihon Kohden Corp                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     13600 | NS      | $138222.36    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Towa Corp                              | Towa Corp                              | CUSIP: N/A<br>LEI: 353800HAMO7IT6KBJX75       | Long             | EC               | CORP              | JP        |     11100 | NS      | $152291.57    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| JINS Holdings Inc                      | JINS Holdings Inc                      | CUSIP: N/A<br>LEI: 353800IG2NOMKC105309       | Long             | EC               | CORP              | JP        |      2600 | NS      | $102133.93    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Persol Holdings Co Ltd                 | Persol Holdings Co Ltd                 | CUSIP: N/A<br>LEI: 3538000H6OI725NB2008       | Long             | EC               | CORP              | JP        |    103900 | NS      | $187026.66    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| PeptiDream Inc                         | PeptiDream Inc                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      8700 | NS      | $99237.42     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Saizeriya Co Ltd                       | Saizeriya Co Ltd                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      9800 | NS      | $366754.25    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| CyberAgent Inc                         | CyberAgent Inc                         | CUSIP: N/A<br>LEI: 3538006T5KZABPGS8Q08       | Long             | EC               | CORP              | JP        |     19500 | NS      | $174506.57    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Future Corp                            | Future Corp                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     11700 | NS      | $153925.66    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| San-A Co Ltd                           | San-A Co Ltd                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     10300 | NS      | $189696.89    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Marui Group Co Ltd                     | Marui Group Co Ltd                     | CUSIP: N/A<br>LEI: 52990081ZYFHQZEEMU57       | Long             | EC               | CORP              | JP        |     10700 | NS      | $217565.52    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulvac Inc                              | Ulvac Inc                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      4500 | NS      | $193236.14    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Morinaga & Co Ltd/Japan                | Morinaga & Co Ltd/Japan                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     18600 | NS      | $318244.15    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Penta-Ocean Cons                       | Penta-Ocean Construction Co Ltd        | CUSIP: N/A<br>LEI: 529900QN42Q9UIW3AS17       | Long             | EC               | CORP              | JP        |     45800 | NS      | $506280.04    | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiyo Yuden Co Ltd                     | Taiyo Yuden Co Ltd                     | CUSIP: N/A<br>LEI: 353800V9G3X5PLB9AD43       | Long             | EC               | CORP              | JP        |      5600 | NS      | $116952.26    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Azbil Corp                             | Azbil Corp                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     24100 | NS      | $227486.70    | 1.12%             |  |  |  | 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        |     24902 | NS      | $24901.68     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Monex Group Inc                        | Monex Group Inc                        | CUSIP: N/A<br>LEI: 353800SGXKLYGPUJ4648       | Long             | EC               | CORP              | JP        |     25000 | NS      | $118551.75    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Shizuoka Financial Group Inc           | Shizuoka Financial Group Inc           | CUSIP: N/A<br>LEI: 353800MNO5C8V2SHGA81       | Long             | EC               | CORP              | JP        |     28500 | NS      | $413208.91    | 2.04%             |  |  |  | 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