# EDGAR Filing Document

**Accession Number:** 0001618627
**File Stem:** 0001145549-25-049382
**Filing Date:** 2025-7
**Character Count:** 33772
**Document Hash:** 26e1e1010be49cf52eacda4ba5f046b7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-049382.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001145549-25-049382

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RBB Fund 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:** 251158928

**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

### First Eagle Overseas Equity ETF (Series ID: S000089123)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000255628 | First Eagle Overseas Equity ETF | FEOE            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **First Eagle Overseas Equity ETF** | **First Eagle Overseas Equity ETF** | **First Eagle Overseas Equity ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 96.1%** | **Shares** | **Value**  |
| **Brazil - 1.7%** | **Brazil - 1.7%** | |
| Ambev SA - ADR | 818705 | $1997640 |
| **Canada - 11.9%** | **Canada - 11.9%** |  |
| Agnico Eagle Mines Ltd. | 4317 | 508880 |
| Barrick Mining Corp. | 91649 | 1755995 |
| Franco-Nevada Corp. | 5320 | 896145 |
| Imperial Oil Ltd. | 58114 | 4149094 |
| Nutrien Ltd. | 32828 | 1937837 |
| Power Corp. of Canada | 47583 | 1841464 |
| Wheaton Precious Metals Corp. | 29394 | 2549929 |
|  |  | 13639344 |
| **China - 1.8%** | **China - 1.8%** |  |
| Alibaba Group Holding Ltd. | 145700 | 2116442 |
| **Faroe Islands - 0.4%** | **Faroe Islands - 0.4%** |  |
| Bakkafrost P/F | 9296 | 432588 |
| **France - 6.1%** | **France - 6.1%** |  |
| Danone SA | 31654 | 2704235 |
| Legrand SA | 8517 | 1034271 |
| LVMH Moet Hennessy Louis Vuitton SE | 2157 | 1171311 |
| Pernod Ricard SA | 7286 | 752997 |
| Sanofi SA | 13160 | 1307767 |
|  |  | 6970581 |
| **Germany - 1.8%** | **Germany - 1.8%** |  |
| adidas AG | 2095 | 522139 |
| Merck KGaA | 11785 | 1545534 |
|  |  | 2067673 |
| **Hong Kong - 3.4%** | **Hong Kong - 3.4%** |  |
| AIA Group Ltd. | 148600 | 1244161 |
| CK Asset Holdings Ltd. | 221000 | 916007 |
| Jardine Matheson Holdings Ltd. | 39759 | 1769275 |
|  |  | 3929443 |
| **Japan - 16.6%** | **Japan - 16.6%** |  |
| FANUC Corp. | 74100 | 1991861 |
| Hirose Electric Co. Ltd. | 8000 | 944578 |
| Hoshizaki Corp. | 30400 | 1139775 |
| Kansai Paint Co. Ltd. | 124600 | 1779876 |
| Komatsu Ltd. | 11900 | 365696 |
| Mitsubishi Electric Corp. | 108500 | 2189680 |
| MS&AD Insurance Group Holdings, Inc. | 85000 | 2041489 |
| Nihon Kohden Corp. | 52400 | 625799 |
| Secom Co. Ltd. | 57400 | 2101416 |
| Shimano, Inc. | 13200 | 1886500 |
| SMC Corp. | 4700 | 1768685 |
| Sompo Holdings, Inc. | 44200 | 1347548 |
| TIS, Inc. | 24800 | 818308 |
|  |  | 19001211 |
| **Mexico - 2.5%** | **Mexico - 2.5%** |  |
| Fomento Economico Mexicano SAB de CV - ADR | 26977 | 2873860 |
| **Netherlands - 3.9%** | **Netherlands - 3.9%** |  |
| Heineken NV | 12133 | 1080344 |
| Prosus NV | 65034 | 3337690 |
|  |  | 4418034 |
| **Singapore - 1.5%** | **Singapore - 1.5%** |  |
| United Overseas Bank Ltd. | 62668 | 1720546 |
| **South Korea - 4.7%** | **South Korea - 4.7%** |  |
| Hyundai Mobis Co. Ltd. | 5473 | 1003601 |
| NAVER Corp. | 6301 | 856300 |
| Samsung Electronics Co. Ltd. | 87083 | 3547195 |
|  |  | 5407096 |
| **Sweden - 3.5%** | **Sweden - 3.5%** |  |
| Industrivarden AB | 17997 | 650088 |
| Investor AB <sup>(a)</sup> | 81587 | 2401583 |
| Svenska Handelsbanken AB - Class A | 71742 | 958236 |
|  |  | 4009907 |
| **Switzerland - 6.9%** | **Switzerland - 6.9%** |  |
| Cie Financiere Richemont SA | 15813 | 2975265 |
| Nestle SA | 19365 | 2063561 |
| Schindler Holding AG | 6630 | 2355543 |
| SGS SA | 5398 | 562625 |
|  |  | 7956994 |
| **Taiwan - 2.2%** | **Taiwan - 2.2%** |  |
| Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | 12780 | 2470630 |
| **Thailand - 0.8%** | **Thailand - 0.8%** |  |
| Bangkok Bank PCL - NVDR | 214429 | 924277 |
| **Turkey - 0.4%** | **Turkey - 0.4%** |  |
| AG Anadolu Grubu Holding AS | 78281 | 511040 |
| **United Kingdom - 22.0%** | **United Kingdom - 22.0%** |  |
| BAE Systems PLC | 112301 | 2877127 |
| Berkeley Group Holdings PLC | 27101 | 1540908 |
| British American Tobacco PLC | 98355 | 4418156 |
| Diageo PLC | 22911 | 622629 |
| Haleon PLC | 368160 | 2053105 |
| Lloyds Banking Group PLC | 1823172 | 1896374 |
| Reckitt Benckiser Group PLC | 38013 | 2577222 |
| Shell PLC | 129861 | 4309974 |
| Unilever PLC | 42990 | 2733522 |
| Willis Towers Watson PLC | 6979 | 2209202 |
|  |  | 25238219 |
| **United States - 4.0%** | **United States - 4.0%** |  |
| Newmont Corp. | 36613 | 1930237 |
| Philip Morris International, Inc. | 7410 | 1338172 |
| Royal Gold, Inc. | 7122 | 1268571 |
|  |  | 4536980 |
| **TOTAL COMMON STOCKS** (Cost $105,373,460) | **TOTAL COMMON STOCKS** (Cost $105,373,460) | 110222505 |
| **PREFERRED STOCKS - 3.2%** | **Shares** | **Value**  |
| **Brazil - 1.0%** | **Brazil - 1.0%** |  |
|  Itausa SA, 0.00% | 590165 | 1143287 |
| **Germany - 2.2%** | **Germany - 2.2%** |  |
|  FUCHS SE, 0.00% | 24580 | 1240289 |
|  Henkel AG & Co. KGaA, 0.00% | 15491 | 1239688 |
|  |  | 2479977 |
| **TOTAL PREFERRED STOCKS** (Cost $3,502,226) | **TOTAL PREFERRED STOCKS** (Cost $3,502,226) | 3623264 |
| **TOTAL INVESTMENTS - 99.3% (**Cost $108,875,686**)** | **TOTAL INVESTMENTS - 99.3% (**Cost $108,875,686**)** | 113845769 |
| Other Assets in Excess of Liabilities - 0.7% | Other Assets in Excess of Liabilities - 0.7% | 821333 |
| **TOTAL NET ASSETS - 100.0%** |  | $114667102 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

---

| |
|:---|
| ADR - American Depositary Receipt |
| NVDR - Non-Voting Depositary Receipt |
| PCL - Public Company Limited |
| PLC - Public Limited Company |

---

(a) Non-income producing security.

------

#### <br>

#### Summary of Fair Value Disclosure as of May 31, 2025 (Unaudited)
First Eagle Overseas Equity 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 May 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $110222505 | $– | $– | $110222505 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | 3623264 | – | – | 3623264 |
| Total Investments | $113845769 | $– | $– | $113845769 |
| 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:** First Eagle Overseas Equity ETF

- **b. EDGAR series identifier (if any):** S000089123

- **c. LEI of Series:** 5299002GYLBRBT7NHZ82

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $111019325.07

**Total Liabilities:** $50264.67

**Net Assets:** $110969060.40

**Cash Not Reported:** $31542.50

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255628 | 2.63%                | 3.24%                | 2.83%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-37244.95               | $305425.70                                 |
| Month 2  | $13051.29                | $1847413.34                                |
| Month 3  | $-2599.94                | $2198132.40                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                   | Title                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Sanofi SA                              | Sanofi SA                                 | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |     12737 | NS      | $1265731.33   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Jardine Matheson Holdings Ltd          | Jardine Matheson Holdings Ltd             | CUSIP: G50736100<br>LEI: 2138009KENVUNWOLPK41 | Long             | EC               | CORP              | HK        |     38481 | NS      | $1712404.50   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                            | Nutrien Ltd                               | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |     31775 | NS      | $1875678.25   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Danone SA                              | Danone SA                                 | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |     30637 | NS      | $2617351.77   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Reckitt Benckiser Group PLC            | Reckitt Benckiser Group PLC               | CUSIP: N/A<br>LEI: 5493003JFSMOJG48V108       | Long             | EC               | CORP              | GB        |     36789 | NS      | $2494236.70   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| SGS SA                                 | SGS SA                                    | CUSIP: N/A<br>LEI: 2138007JNS19JHNA2336       | Long             | EC               | CORP              | CH        |      5227 | NS      | $544802.02    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Oil Ltd                       | Imperial Oil Ltd                          | CUSIP: 453038408<br>LEI: 549300JZNB745JT5WY51 | Long             | EC               | CORP              | CA        |     56242 | NS      | $4015441.51   | 3.62%             |  |  |  | No            |                  1 | On Loan: No      |
| NAVER Corp                             | NAVER Corp                                | CUSIP: N/A<br>LEI: 988400ULUQYDB2HQYJ61       | Long             | EC               | CORP              | KR        |      6096 | NS      | $828440.97    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Nihon Kohden Corp                      | Nihon Kohden Corp                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     49500 | NS      | $591165.43    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Secom Co Ltd                           | Secom Co Ltd                              | CUSIP: N/A<br>LEI: 529900TYCL9N3E9PGE47       | Long             | EC               | CORP              | JP        |     55600 | NS      | $2035517.56   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                                   | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     12375 | NS      | $2392335.00   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MS&AD Insurance Group Holdings         | MS&AD Insurance Group Holdings Inc        | CUSIP: N/A<br>LEI: 529900CXROT5S2HMMP26       | Long             | EC               | CORP              | JP        |     82300 | NS      | $1976641.30   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                           | Unilever PLC                              | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |     41604 | NS      | $2645392.92   | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Franco-Nevada Corp                     | Franco-Nevada Corp                        | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |      5149 | NS      | $867340.20    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Bakkafrost P/F                         | Bakkafrost P/F                            | CUSIP: N/A<br>LEI: 2138007LH7OP4V112978       | Long             | EC               | CORP              | FO        |      8999 | NS      | $418767.27    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| CK Asset Holdings Ltd                  | CK Asset Holdings Ltd                     | CUSIP: N/A<br>LEI: 5299006GJZSGP78B8S35       | Long             | EC               | CORP              | HK        |    214000 | NS      | $886992.90    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd                 | Agnico Eagle Mines Ltd                    | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |      4062 | NS      | $478820.81    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd              | Alibaba Group Holding Ltd                 | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | CN        |    140900 | NS      | $2046716.66   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkeley Group Holdings PLC            | Berkeley Group Holdings PLC               | CUSIP: N/A<br>LEI: 2138009OQSSLVVHQAL78       | Long             | EC               | CORP              | GB        |     25962 | NS      | $1476147.13   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambev SA                               | Ambev SA                                  | CUSIP: 02319V103<br>LEI: 549300TH5Q6VRP8OT012 | Long             | EC               | CORP              | BR        |    792299 | NS      | $1933209.56   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Diageo PLC                             | Diageo PLC                                | CUSIP: N/A<br>LEI: 213800ZVIELEA55JMJ32       | Long             | EC               | CORP              | GB        |     22173 | NS      | $602572.64    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco PLC           | British American Tobacco PLC              | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |     95187 | NS      | $4275848.26   | 3.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck KGaA                             | Merck KGaA                                | CUSIP: N/A<br>LEI: 529900OAREIS0MOPTW25       | Long             | EC               | CORP              | DE        |     11407 | NS      | $1495961.78   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| SMC Corp                               | SMC Corp                                  | CUSIP: N/A<br>LEI: 353800O40V08DOZ70X62       | Long             | EC               | CORP              | JP        |      4600 | NS      | $1731053.89   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Industrivarden AB                      | Industrivarden AB                         | CUSIP: N/A<br>LEI: 549300TM1DLIQI3B3T37       | Long             | EC               | CORP              | SE        |     17421 | NS      | $629281.71    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| TIS Inc                                | TIS Inc                                   | CUSIP: N/A<br>LEI: 35380064HYEZXBQHDF07       | Long             | EC               | CORP              | JP        |     24000 | NS      | $791910.77    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Hoshizaki Corp                         | Hoshizaki Corp                            | CUSIP: N/A<br>LEI: 5299001QAMLGU3SRBG20       | Long             | EC               | CORP              | JP        |     29500 | NS      | $1106032.18   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FUCHS SE                               | FUCHS SE                                  | CUSIP: N/A<br>LEI: 529900SNF9E1P5ZO4P98       | Long             | EP               | CORP              | DE        |     23788 | NS      | $1200325.56   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Pernod Ricard SA                       | Pernod Ricard SA                          | CUSIP: N/A<br>LEI: 52990097YFPX9J0H5D87       | Long             | EC               | CORP              | FR        |      7052 | NS      | $728813.16    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                           | Newmont Corp                              | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     35434 | NS      | $1868080.48   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE Systems PLC                        | BAE Systems PLC                           | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83       | Long             | EC               | CORP              | GB        |    108683 | NS      | $2784434.44   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Henkel AG & Co KGaA                    | Henkel AG & Co KGaA                       | CUSIP: N/A<br>LEI: 549300VZCL1HTH4O4Y49       | Long             | EP               | CORP              | DE        |     14996 | NS      | $1200075.03   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Electric Corp               | Mitsubishi Electric Corp                  | CUSIP: N/A<br>LEI: 549300TRXM9Y6561AX39       | Long             | EC               | CORP              | JP        |    105000 | NS      | $2119045.14   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Legrand SA                             | Legrand SA                                | CUSIP: N/A<br>LEI: 969500XXRPGD7HCAFA90       | Long             | EC               | CORP              | FR        |      8247 | NS      | $1001483.63   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Investor AB                            | Investor AB                               | CUSIP: W5R777115<br>LEI: 549300VEBQPHRZBKUX38 | Long             | EC               | CORP              | SE        |     78959 | NS      | $2324225.10   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                              | Shell PLC                                 | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |    125208 | NS      | $4155544.78   | 3.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Svenska Handelsbanken AB               | Svenska Handelsbanken AB                  | CUSIP: W9112U104<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | EC               | CORP              | SE        |     69429 | NS      | $927342.22    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Lloyds Banking Group PLC               | Lloyds Banking Group PLC                  | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | EC               | CORP              | GB        |   1764366 | NS      | $1835206.89   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Itausa SA                              | Itausa SA                                 | CUSIP: P5887P427<br>LEI: N/A                  | Long             | EP               | CORP              | BR        |    564242 | NS      | $1093067.81   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitt         | LVMH Moet Hennessy Louis Vuitton SE       | CUSIP: N/A<br>LEI: IOG4E947OATN0KJYSD45       | Long             | EC               | CORP              | FR        |      2094 | NS      | $1137100.18   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd             | Samsung Electronics Co Ltd                | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |     84255 | NS      | $3432000.43   | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| adidas AG                              | adidas AG                                 | CUSIP: N/A<br>LEI: 549300JSX0Z4CW0V5023       | Long             | EC               | CORP              | DE        |      2032 | NS      | $506436.85    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| FANUC Corp                             | FANUC Corp                                | CUSIP: N/A<br>LEI: 529900QTSW745LOKW705       | Long             | EC               | CORP              | JP        |     71700 | NS      | $1927347.02   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Heineken NV                            | Heineken NV                               | CUSIP: N/A<br>LEI: 724500K5PTPSST86UQ23       | Long             | EC               | CORP              | NL        |     11746 | NS      | $1045884.93   | 0.94%             |  |  |  | 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        |    522262 | NS      | $522261.80    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Mining Corp                    | Barrick Mining Corp                       | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |     88697 | NS      | $1699434.52   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Fomento Economico Mexicano SAB         | Fomento Economico Mexicano SAB de CV      | CUSIP: 344419106<br>LEI: 549300A8MDWDJNMLV153 | Long             | EC               | CORP              | MX        |     26113 | NS      | $2781817.89   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Mobis Co Ltd                   | Hyundai Mobis Co Ltd                      | CUSIP: N/A<br>LEI: 988400HJA9E0ZVDHRS65       | Long             | EC               | CORP              | KR        |      5295 | NS      | $970961.08    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| AG Anadolu Grubu Holding AS            | AG Anadolu Grubu Holding AS               | CUSIP: N/A<br>LEI: 789000K5XY4AZWGQQU40       | Long             | EC               | CORP              | TR        |     75761 | NS      | $494589.08    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Hirose Electric Co Ltd                 | Hirose Electric Co Ltd                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      7700 | NS      | $909155.98    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Kansai Paint Co Ltd                    | Kansai Paint Co Ltd                       | CUSIP: N/A<br>LEI: 549300ERRV6FTKH9NN70       | Long             | EC               | CORP              | JP        |    121000 | NS      | $1728451.30   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Komatsu Ltd                            | Komatsu Ltd                               | CUSIP: N/A<br>LEI: 5493004LQ0B4T7QPQV17       | Long             | EC               | CORP              | JP        |     11900 | NS      | $365695.82    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold Inc                         | Royal Gold Inc                            | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |      6897 | NS      | $1228493.64   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Wheaton Precious Metals Corp           | Wheaton Precious Metals Corp              | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |     28449 | NS      | $2467950.75   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Schindler Holding AG                   | Schindler Holding AG                      | CUSIP: N/A<br>LEI: 5299007DRLI319H7Q933       | Long             | EC               | CORP              | CH        |      6423 | NS      | $2281999.03   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson PLC               | Willis Towers Watson PLC                  | CUSIP: N/A<br>LEI: 549300WHC56FF48KL350       | Long             | EC               | CORP              | GB        |      6754 | NS      | $2137978.70   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Corp of Canada                   | Power Corp of Canada                      | CUSIP: 739239101<br>LEI: 549300BE2CB8T87IJV50 | Long             | EC               | CORP              | CA        |     46053 | NS      | $1782252.95   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Shimano Inc                            | Shimano Inc                               | CUSIP: N/A<br>LEI: 529900L32YT3P9DECR10       | Long             | EC               | CORP              | JP        |     12800 | NS      | $1829333.89   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| United Overseas Bank Ltd               | United Overseas Bank Ltd                  | CUSIP: N/A<br>LEI: IO66REGK3RCBAMA8HR66       | Long             | EC               | CORP              | SG        |     60652 | NS      | $1665196.60   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle SA                              | Nestle SA                                 | CUSIP: N/A<br>LEI: KY37LUS27QQX7BB93L28       | Long             | EC               | CORP              | CH        |     18744 | NS      | $1997386.15   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International In         | Philip Morris International Inc           | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      7176 | NS      | $1295913.84   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Sompo Holdings Inc                     | Sompo Holdings Inc                        | CUSIP: N/A<br>LEI: 353800CWW4SRGEYEB512       | Long             | EC               | CORP              | JP        |     42800 | NS      | $1304865.35   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Bangkok Bank PCL                       | Bangkok Bank PCL                          | CUSIP: N/A<br>LEI: 549300CCL2BKJGMYXV60       | Long             | EC               | CORP              | TH        |    207198 | NS      | $893108.43    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd                          | AIA Group Ltd                             | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               | CORP              | HK        |    143800 | NS      | $1203972.66   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie Financiere Richemont SA            | Cie Financiere Richemont SA               | CUSIP: N/A<br>LEI: 549300YIPGJ6UX2QPS51       | Long             | EC               | CORP              | CH        |     15309 | NS      | $2880435.78   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosus NV                              | Prosus NV                                 | CUSIP: N/A<br>LEI: 635400Z5LQ5F9OLVT688       | Long             | EC               | CORP              | NL        |     62937 | NS      | $3230067.10   | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Haleon PLC                             | Haleon PLC                                | CUSIP: N/A<br>LEI: 549300PSB3WWEODCUP19       | Long             | EC               | CORP              | GB        |    356289 | NS      | $1986904.03   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-21

**Name of Applicant:** RBB Fund Trust

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

**Name of Signer:** RBB Fund Trust

**Title:** CFO COO Secretary