# EDGAR Filing Document

**Accession Number:** 0000831114
**File Stem:** 0001145549-23-002918
**Filing Date:** 2023-1
**Character Count:** 47796
**Document Hash:** 3ddcad88cdf561cbba0a97abd6191400
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-002918.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001145549-23-002918

**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:** 23556845

**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 U.S. Large Cap Equity Fund (Series ID: S000036223)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000110907 | Class I      | SILVX           |
| C000110908 | Class A      | LVOLX           |
| C000164938 | Class C      | SGICX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **SGI U.S. LARGE CAP EQUITY FUND** | **SGI U.S. LARGE CAP EQUITY FUND** | **SGI U.S. LARGE CAP EQUITY FUND** |
| **PORTFOLIO OF INVESTMENTS** | **PORTFOLIO OF INVESTMENTS** | **PORTFOLIO OF INVESTMENTS** |
| **NOVEMBER 30, 2022 (UNAUDITED)** | **NOVEMBER 30, 2022 (UNAUDITED)** | **NOVEMBER 30, 2022 (UNAUDITED)** |
|  | **NUMBER OF** | |
|  | **SHARES** | **VALUE** |
| **COMMON STOCKS - 98.9%** | | |
| **Advertising — 0.5%** | | |
| Omnicom Group, Inc. | 28600 | $2281136 |
| **Aerospace/Defense — 1.2%** |  |  |
| General Dynamics Corp. | 10300 | 2599617 |
| Lockheed Martin Corp. | 5400 | 2620026 |
|  |  | 5219643 |
| **Airlines — 1.0%** |  |  |
| Southwest Airlines Co.\* | 104500 | 4170595 |
| **Banks — 3.6%** |  |  |
| Citizens Financial Group, Inc. | 186300 | 7895394 |
| Fifth Third Bancorp | 81100 | 2948796 |
| JPMorgan Chase & Co. | 23800 | 3288684 |
| KeyCorp | 76300 | 1435203 |
|  |  | 15568077 |
| **Biotechnology — 9.3%** |  |  |
| Gilead Sciences, Inc. | 170200 | 14948666 |
| Incyte Corp.\* | 129200 | 10293364 |
| Royalty Pharma PLC, Class A, (United Kingdom) | 88800 | 3904536 |
| Vertex Pharmaceuticals, Inc.\* | 36700 | 11611880 |
|  |  | 40758446 |
| **Chemicals — 1.2%** |  |  |
| Eastman Chemical Co. | 58700 | 5084594 |
| **Commercial Services — 2.0%** |  |  |
| Automatic Data Processing, Inc. | 20200 | 5335628 |
| S&P Global, Inc. | 9300 | 3281040 |
|  |  | 8616668 |
| **Computers — 4.1%** |  |  |
| Accenture PLC, Class A, (Ireland) | 12600 | 3791718 |
| Apple, Inc. | 67200 | 9947616 |
| Dell Technologies, Inc., Class C | 34700 | 1554213 |
| Hewlett Packard Enterprise Co. | 157700 | 2646206 |
|  |  | 17939753 |
| **Distribution/Wholesale — 2.5%** |  |  |
| Copart, Inc.\* | 71000 | 4725760 |
| Fastenal Co. | 58300 | 3003033 |
| WW Grainger, Inc. | 5500 | 3316830 |
|  |  | 11045623 |
| **Diversified Financial Services — 2.7%** |  |  |
| Interactive Brokers Group, Inc., Class A | 25100 | 2015530 |
| Synchrony Financial | 260100 | 9774558 |
|  |  | 11790088 |
| **Electric — 7.7%** |  |  |
| AES Corp. | 71100 | 2056212 |
| Alliant Energy Corp. | 67200 | 3783360 |
| American Electric Power Co., Inc. | 13400 | 1297120 |
| CMS Energy Corp. | 48100 | 2937467 |
| Consolidated Edison, Inc. | 9300 | 911772 |
| DTE Energy Co. | 21700 | 2517417 |
| Evergy, Inc. | 60400 | 3576284 |
| Exelon Corp. | 22800 | 943236 |
| NextEra Energy, Inc. | 46600 | 3947020 |
| PPL Corp. | 134700 | 3976344 |
| Public Service Enterprise Group, Inc. | 14700 | 890085 |
| WEC Energy Group, Inc. | 22300 | 2210822 |
| Xcel Energy, Inc. | 66200 | 4648564 |
|  |  | 33695703 |
| **Electrical Components & Equipment — 0.3%** |  |  |
| AMETEK, Inc. | 8000 | 1139360 |
| **Electronics — 1.8%** |  |  |
| Fortive Corp. | 70400 | 4755520 |
| Keysight Technologies, Inc.\* | 17300 | 3129397 |
|  |  | 7884917 |
| **Environmental Control — 0.7%** |  |  |
| Waste Management, Inc. | 17100 | 2868012 |
| **Food — 12.0%** |  |  |
| Campbell Soup Co. | 44100 | 2366847 |
| ConAgra Foods, Inc. | 28400 | 1078632 |
| Hershey Co., (The) | 46500 | 10935405 |
| Hormel Foods Corp. | 75500 | 3548500 |
| Kellogg Co. | 145800 | 10636110 |
| Kraft Heinz Co., (The) | 251000 | 9876850 |
| Kroger Co., (The) | 115400 | 5676526 |
| Mondelez International, Inc., Class A | 50300 | 3400783 |
| Tyson Foods, Inc., Class A | 74500 | 4937860 |
|  |  | 52457513 |
| **Hand & Machine Tools — 1.1%** |  |  |
| Snap-on, Inc. | 19700 | 4739820 |
| **Healthcare-Products — 0.2%** |  |  |
| Medtronic PLC, (Ireland) | 9200 | 727168 |
| **Healthcare-Services — 0.2%** |  |  |
| Laboratory Corp. of America Holdings | 3600 | 866520 |
| **Household Products/Wares — 0.2%** |  |  |
| Kimberly-Clark Corp. | 6900 | 935847 |
| **Insurance — 7.9%** |  |  |
| Arch Capital Group Ltd.\* | 194200 | 11634522 |
| Chubb Ltd., (Switzerland) | 6000 | 1317540 |
| Fidelity National Financial, Inc. | 128600 | 5190296 |
| Progressive Corp., (The) | 90200 | 11919930 |
| Prudential Financial, Inc. | 42900 | 4634487 |
|  |  | 34696775 |
| **Internet — 2.3%** |  |  |
| Expedia Group, Inc.\* | 48300 | 5160372 |
| GoDaddy, Inc., Class A\* | 64000 | 5064320 |
|  |  | 10224692 |
| **Media — 1.5%** |  |  |
| FactSet Research Systems, Inc. | 14100 | 6504189 |
| **Miscellaneous Manufacturing — 0.6%** |  |  |
| Teledyne Technologies, Inc.\* | 5900 | 2478590 |
| **Oil & Gas — 6.4%** |  |  |
| Chevron Corp. | 25200 | 4619412 |
| Exxon Mobil Corp. | 82500 | 9185550 |
| Marathon Petroleum Corp. | 44200 | 5384002 |
| Valero Energy Corp. | 66700 | 8912454 |
|  |  | 28101418 |
| **Pharmaceuticals — 10.7%** |  |  |
| AbbVie, Inc. | 35200 | 5673536 |
| Bristol-Myers Squibb Co. | 138700 | 11134836 |
| McKesson Corp. | 15700 | 5992376 |
| Merck & Co., Inc. | 124900 | 13753988 |
| Pfizer, Inc. | 206600 | 10356858 |
|  |  | 46911594 |
| **REITS — 3.0%** |  |  |
| AvalonBay Communities, Inc. | 4500 | 787050 |
| Camden Property Trust | 47400 | 5703642 |
| Public Storage | 12600 | 3754296 |
| Simon Property Group, Inc. | 18700 | 2233528 |
| Sun Communities, Inc. | 5500 | 807950 |
|  |  | 13286466 |
| **Retail — 2.0%** |  |  |
| AutoZone, Inc.\* | 400 | 1031600 |
| Dollar General Corp. | 16400 | 4193152 |
| McDonald's Corp. | 12600 | 3437154 |
|  |  | 8661906 |
| **Semiconductors — 0.8%** |  |  |
| Broadcom, Inc. | 6300 | 3471489 |
| **Software — 8.3%** |  |  |
| Adobe Systems, Inc.\* | 26500 | 9140645 |
| Electronic Arts, Inc. | 58700 | 7676786 |
| Fiserv, Inc.\* | 38100 | 3976116 |
| Intuit, Inc. | 10000 | 4075900 |
| Microsoft Corp. | 40900 | 10435226 |
| Roper Technologies, Inc. | 2100 | 921669 |
|  |  | 36226342 |
| **Telecommunications — 2.2%** |  |  |
| AT&T, Inc. | 52100 | 1004488 |
| Cisco Systems, Inc. | 175400 | 8720888 |
|  |  | 9725376 |
| **Water — 0.9%** |  |  |
| American Water Works Co., Inc. | 26100 | 3960936 |
| &nbsp;&nbsp;&nbsp; TOTAL COMMON STOCKS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (Cost $366,018,536) |  | 432039256 |
| **SHORT-TERM INVESTMENTS - 1.0%** |  |  |
| U.S. Bank Money Market Deposit Account, 3.50%<sup>(a)</sup> | 4485900 | 4485900 |
| &nbsp;&nbsp;&nbsp; TOTAL SHORT-TERM INVESTMENTS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (Cost $4,485,900) |  | 4485900 |
| TOTAL INVESTMENTS - 99.9% |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $370,504,436) |  | 436525156 |
| OTHER ASSETS IN EXCESS OF LIABILITIES - 0.1% |  | 308421 |
| NET ASSETS - 100.0% |  | $436833577 |

---

---

| | |
|:---|:---|
| \* | Non-income producing security. |
| (a) | The rate shown is as of November 30, 2022. |
| PLC | Public Limited Company |
| REIT | Real Estate Investment Trust |
| The accompanying notes are an integral part of the consolidated portfolio of investments. | The accompanying notes are an integral part of the consolidated portfolio of investments. |

---

------

---

| |
|:---|
| **SGI U.S. LARGE CAP 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 U.S. LARGE CAP EQUITY FUND** | | | | |
| Common Stocks | $432039256 | $432039256 | $- | $- |
| Short-Term Investments | 4485900 | 4485900 | - | - |
| Total Investments\* | $436525156 | $436525156 | $- | $- |
| \* 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 U.S. Large Cap Equity Fund

- **b. EDGAR series identifier (if any):** S000036223

- **c. LEI of Series:** 549300KYBUGA4WTA3A58

**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:** $437651962.69

**Total Liabilities:** $659436.03

**Net Assets:** $436992526.66

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000110907 | -7.79%               | 10.45%               | 4.90%                |
| Class ID C000110908 | -7.89%               | 10.44%               | 4.89%                |
| Class ID C000164938 | -7.89%               | 10.34%               | 4.77%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5435578.33              | $-38825514.27                              |
| Month 2  | $-3941073.87             | $43736152.78                               |
| Month 3  | $1255090.97              | $18362898.54                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AES Corp/The                           | AES Corp/The                           | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |     71100 | NS      | $2056212.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                               | AT&T Inc                               | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     52100 | NS      | $1004488.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                             | AbbVie Inc                             | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     35200 | NS      | $5673536.00   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                              | Adobe Inc                              | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     26500 | NS      | $9140645.00   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corp                    | Alliant Energy Corp                    | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |     67200 | NS      | $3783360.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co Inc         | American Electric Power Co Inc         | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |     13400 | NS      | $1297120.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co Inc            | American Water Works Co Inc            | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |     26100 | NS      | $3960936.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK Inc                             | AMETEK Inc                             | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |      8000 | NS      | $1139360.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                              | Apple Inc                              | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     67200 | NS      | $9947616.00   | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc          | Automatic Data Processing Inc          | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     20200 | NS      | $5335628.00   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone Inc                           | AutoZone Inc                           | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |       400 | NS      | $1031600.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities Inc              | AvalonBay Communities Inc              | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |      4500 | NS      | $787050.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co                | Bristol-Myers Squibb Co                | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |    138700 | NS      | $11134836.00  | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                           | Broadcom Inc                           | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      6300 | NS      | $3471489.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                        | CMS Energy Corp                        | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |     48100 | NS      | $2937467.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust                  | Camden Property Trust                  | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |     47400 | NS      | $5703642.00   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Campbell Soup Co                       | Campbell Soup Co                       | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | EC               | CORP              | US        |     44100 | NS      | $2366847.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                           | Chevron Corp                           | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25200 | NS      | $4619412.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                      | Cisco Systems Inc                      | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    175400 | NS      | $8720888.00   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc           | Citizens Financial Group Inc           | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |    186300 | NS      | $7895394.00   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Conagra Brands Inc                     | Conagra Brands Inc                     | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |     28400 | NS      | $1078632.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison Inc                | Consolidated Edison Inc                | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |      9300 | NS      | $911772.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd                 | Arch Capital Group Ltd                 | CUSIP: N/A<br>LEI: 549300AYR4P8AFKDCE43       | Long             | EC               | CORP              | BM        |    194200 | NS      | $11634522.00  | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                          | Accenture PLC                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IE        |     12600 | NS      | $3791718.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                          | Medtronic PLC                          | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |      9200 | NS      | $727168.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Royalty Pharma PLC                     | Royalty Pharma PLC                     | CUSIP: N/A<br>LEI: 549300FGFN7VOK8BZR03       | Long             | EC               | CORP              | US        |     88800 | NS      | $3904536.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                              | Chubb Ltd                              | CUSIP: N/A<br>LEI: E0JAN6VLUDI1HITHT809       | Long             | EC               | CORP              | CH        |      6000 | NS      | $1317540.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                             | Copart Inc                             | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |     71000 | NS      | $4725760.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co                          | DTE Energy Co                          | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |     21700 | NS      | $2517417.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc                  | Dell Technologies Inc                  | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |     34700 | NS      | $1554213.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp                    | Dollar General Corp                    | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |     16400 | NS      | $4193152.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastman Chemical Co                    | Eastman Chemical Co                    | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |     58700 | NS      | $5084594.00   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc                    | Electronic Arts Inc                    | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |     58700 | NS      | $7676786.00   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                             | Evergy Inc                             | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     60400 | NS      | $3576284.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                            | Exelon Corp                            | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     22800 | NS      | $943236.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                      | Expedia Group Inc                      | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48300 | NS      | $5160372.00   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                       | Exxon Mobil Corp                       | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     82500 | NS      | $9185550.00   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc           | FactSet Research Systems Inc           | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |     14100 | NS      | $6504189.00   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co                            | Fastenal Co                            | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |     58300 | NS      | $3003033.00   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Financial In         | Fidelity National Financial Inc        | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |    128600 | NS      | $5190296.00   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                    | Fifth Third Bancorp                    | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |     81100 | NS      | $2948796.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                             | Fiserv Inc                             | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |     38100 | NS      | $3976116.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortive Corp                           | Fortive Corp                           | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |     70400 | NS      | $4755520.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp                  | General Dynamics Corp                  | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |     10300 | NS      | $2599617.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                    | Gilead Sciences Inc                    | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |    170200 | NS      | $14948666.00  | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| GoDaddy Inc                            | GoDaddy Inc                            | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |     64000 | NS      | $5064320.00   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| WW Grainger Inc                        | WW Grainger Inc                        | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |      5500 | NS      | $3316830.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co/The                         | Hershey Co/The                         | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |     46500 | NS      | $10935405.00  | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co          | Hewlett Packard Enterprise Co          | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |    157700 | NS      | $2646206.00   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Hormel Foods Corp                      | Hormel Foods Corp                      | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |     75500 | NS      | $3548500.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corp                            | Incyte Corp                            | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |    129200 | NS      | $10293364.00  | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc          | Interactive Brokers Group Inc          | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |     25100 | NS      | $2015530.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                             | Intuit Inc                             | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     10000 | NS      | $4075900.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                    | JPMorgan Chase & Co                    | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     23800 | NS      | $3288684.00   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Kellogg Co                             | Kellogg Co                             | CUSIP: 487836108<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | EC               | CORP              | US        |    145800 | NS      | $10636110.00  | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                | KeyCorp                                | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |     76300 | NS      | $1435203.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies Inc              | Keysight Technologies Inc              | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |     17300 | NS      | $3129397.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp                    | Kimberly-Clark Corp                    | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |      6900 | NS      | $935847.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraft Heinz Co/The                     | Kraft Heinz Co/The                     | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |    251000 | NS      | $9876850.00   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Kroger Co/The                          | Kroger Co/The                          | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |    115400 | NS      | $5676526.00   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Laboratory Corp of America Hol         | Laboratory Corp of America Holdings    | CUSIP: 50540R409<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | EC               | CORP              | US        |      3600 | NS      | $866520.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp                   | Lockheed Martin Corp                   | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      5400 | NS      | $2620026.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp                | Marathon Petroleum Corp                | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     44200 | NS      | $5384002.00   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                        | McDonald's Corp                        | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |     12600 | NS      | $3437154.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                          | McKesson Corp                          | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |     15700 | NS      | $5992376.00   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                         | Merck & Co Inc                         | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    124900 | NS      | $13753988.00  | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                         | Microsoft Corp                         | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     40900 | NS      | $10435226.00  | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc             | Mondelez International Inc             | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     50300 | NS      | $3400783.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                     | NextEra Energy Inc                     | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46600 | NS      | $3947020.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc                      | Omnicom Group Inc                      | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |     28600 | NS      | $2281136.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp                               | PPL Corp                               | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |    134700 | NS      | $3976344.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                             | Pfizer Inc                             | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    206600 | NS      | $10356858.00  | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                   | Progressive Corp/The                   | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     90200 | NS      | $11919930.00  | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial Inc               | Prudential Financial Inc               | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |     42900 | NS      | $4634487.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Service Enterprise Grou         | Public Service Enterprise Group Inc    | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |     14700 | NS      | $890085.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                         | Public Storage                         | CUSIP: 74460D109<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EC               | CORP              | US        |     12600 | NS      | $3754296.00   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc                 | Roper Technologies Inc                 | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |      2100 | NS      | $921669.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                         | S&P Global Inc                         | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      9300 | NS      | $3281040.00   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc               | Simon Property Group Inc               | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |     18700 | NS      | $2233528.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap-on Inc                            | Snap-on Inc                            | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |     19700 | NS      | $4739820.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co                  | Southwest Airlines Co                  | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |    104500 | NS      | $4170595.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities Inc                    | Sun Communities Inc                    | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |      5500 | NS      | $807950.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                    | Synchrony Financial                    | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |    260100 | NS      | $9774558.00   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc              | Teledyne Technologies Inc              | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |      5900 | NS      | $2478590.00   | 0.57%             |  |  |  | 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        |   4559338 | NS      | $4559337.69   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                        | Tyson Foods Inc                        | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     74500 | NS      | $4937860.00   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp                     | Valero Energy Corp                     | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     66700 | NS      | $8912454.00   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc             | Vertex Pharmaceuticals Inc             | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |     36700 | NS      | $11611880.00  | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc                   | WEC Energy Group Inc                   | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |     22300 | NS      | $2210822.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc                   | Waste Management Inc                   | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |     17100 | NS      | $2868012.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                        | Xcel Energy Inc                        | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     66200 | NS      | $4648564.00   | 1.06%             |  |  |  | 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