# EDGAR Filing Document

**Accession Number:** 0001618627
**File Stem:** 0000894189-26-002069
**Filing Date:** 2026-1
**Character Count:** 14667
**Document Hash:** 9e464d1a5c494328df0e48211f4755d8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-002069.hdr.sgml**: 20260128

**ACCESSION NUMBER**: 0000894189-26-002069

**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:** 26569370

**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

### P/E GLOBAL ENHANCED INTERNATIONAL FUND (Series ID: S000077983)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000238704 | Institutional Class | PEIEX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **P/E Global Enhanced International Fund** | **P/E Global Enhanced International Fund** | **P/E Global Enhanced International Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** |
| **U.S. TREASURY BILLS - 81.8%** | **Par** | **Value**  |
| 3.89%, 12/16/2025 <sup>(a)</sup> | 28000000 | $27954506 |
| **TOTAL U.S. TREASURY BILLS** (Cost $27,954,791) | **TOTAL U.S. TREASURY BILLS** (Cost $27,954,791) | 27954506 |
| **TOTAL INVESTMENTS - 81.8% (**Cost $27,954,791**)** | **TOTAL INVESTMENTS - 81.8% (**Cost $27,954,791**)** | 27954506 |
| Other Assets in Excess of Liabilities - 18.2% | Other Assets in Excess of Liabilities - 18.2% | 6237556 |
| **TOTAL NET ASSETS - 100.0%** |  | $34192062 |
| Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. |  |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **P/E Global Enhanced International Fund** | **P/E Global Enhanced International Fund** | **P/E Global Enhanced International Fund** | **P/E Global Enhanced International Fund** | **P/E Global Enhanced International Fund** |
| **Schedule of Futures Contracts** | **Schedule of Futures Contracts** | **Schedule of Futures Contracts** | **Schedule of Futures Contracts** | **Schedule of Futures Contracts** |
| **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** |
| **Description** | **Contracts Purchased** | **Expiration Date** | **Notional Value** | **Value / Unrealized Appreciation (Depreciation)** |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI EAFE Index | 243 | 12/19/2025 | $34249635 | $337724 |
| &nbsp;&nbsp;&nbsp;&nbsp;US Dollar/Norwegian Krone Cross Currency Rate | 2 | 12/15/2025 | 200066 | 2949 |
| &nbsp;&nbsp;&nbsp;&nbsp;US Dollar/Swedish Krona Cross Currency Rate | 8 | 12/15/2025 | 799390 | 9138 |
|  |  |  |  | $349811 |
|  |  |  |  | – |
| **Description** | **Contracts Sold** | **Expiration Date** | **Notional Value** | **Value / Unrealized Appreciation (Depreciation)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Australian Dollar/US Dollar Cross Currency Rate | (205) | 12/15/2025 | $13433650 | $115052 |
| &nbsp;&nbsp;&nbsp;&nbsp;British Pound/US Dollar Cross Currency Rate | (75) | 12/15/2025 | 6203906 | 121729 |
| &nbsp;&nbsp;&nbsp;&nbsp;Canadian Dollar/US Dollar Cross Currency Rate | (1) | 12/16/2025 | 71625 | 1122 |
| &nbsp;&nbsp;&nbsp;&nbsp;Euro/US Dollar Cross Currency Rate | (309) | 12/15/2025 | 44849419 | 746661 |
| &nbsp;&nbsp;&nbsp;&nbsp;Japanese Yen/US Dollar Cross Currency Rate | (134) | 12/15/2025 | 10737587 | 694773 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mexican Peso/US Dollar Cross Currency Rate | (6) | 12/15/2025 | 163710 | (4247) |
| &nbsp;&nbsp;&nbsp;&nbsp;New Zealand Dollar/US Dollar Cross Currency Rate | (14) | 12/15/2025 | 803950 | 28643 |
| &nbsp;&nbsp;&nbsp;&nbsp;Swiss Franc/US Dollar Cross Currency Rate | (20) | 12/15/2025 | 3118000 | 61356 |
|  |  |  |  | $1765089 |
| **Net Unrealized Appreciation (Depreciation)** |  | $– | $– | $2114900 |

---

------

#### <br>

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

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

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Short-Term Investments | $– | $27954506 | $– | $27954506 |
| Total Investments | $– | $27954506 | $– | $27954506 |
| <u>Other Financial Instruments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Futures Contracts\* | $2119147 | $– | $– | $2119147 |
| Total Other Financial Instruments | $2119147 | $– | $– | $2119147 |
| **Liabilities:** |  |  |  |  |
| <u>Other Financial Instruments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Futures Contracts\* | $(4247) | $– | $– | $(4247) |
| Total Other Financial Instruments | $(4247) | $– | $– | $(4247) |
| \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of November 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of November 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of November 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of November 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of November 30, 2025. |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** RBB Fund Trust

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

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

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

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 615 East Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 262-378-6278

**Item A.2. Information about the Series.**

- **a. Name of Series:** P/E Global Enhanced International Fund

- **b. EDGAR series identifier (if any):** S000077983

- **c. LEI of Series:** 549300QPFNO7RZGZGX10

**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:** $34258324.31

**Total Liabilities:** $66262.01

**Net Assets:** $34192062.30

**Cash Not Reported:** $6225652.11

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 134.181628000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000238704 | 1.72%                | 6.13%                | 0.25%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $359.30                  | $-4375.72                                  |
| Month 2  | $13.25                   | $6631.18                                   |
| Month 3  | $-9.29                   | $-7075.88                                  |

**Designated Index Information**

- **Index Name:** MSCI EAFE Index

- **Index Identifier:** MXEA Index

### Schedule of Portfolio Investments

| Name          | Title                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A           | AUDUSD Crncy Fut  Dec25     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |      -205 | NC      | $115051.90    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A           | USD/NOK Future    Dec25     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         2 | NC      | $2948.73      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A           | USD/SEK Future    Dec25     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         8 | NC      | $9137.94      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A           | MSCI EAFE         Dec25     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       243 | NC      | $337723.85    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL | United States Treasury Bill | CUSIP: 912797RX7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  28000000 | PA      | $27954505.88  | 81.76%            | 2025-12-16      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A           | BP CURRENCY FUT   Dec25     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |       -75 | NC      | $121728.68    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A           | MEXICAN PESO FUT  Dec25     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |        -6 | NC      | $-4247.10     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A           | CHF CURRENCY FUT  Dec25     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |       -20 | NC      | $61355.70     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A           | JPN YEN CURR FUT  Dec25     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |      -134 | NC      | $694773.53    | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A           | C$ CURRENCY FUT   Dec25     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |        -1 | NC      | $1122.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A           | EURO FX CURR FUT  Dec25     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |      -309 | NC      | $746661.66    | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A           | NEW ZEALAND $ FUT Dec25     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |       -14 | NC      | $28642.69     | 0.08%             |  |  |  | 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