# EDGAR Filing Document

**Accession Number:** 0000831114
**File Stem:** 0001145549-23-003249
**Filing Date:** 2023-1
**Character Count:** 30968
**Document Hash:** 0a54bb7922dc9f168b85a73e6a52d40f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-003249.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001145549-23-003249

**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:** 23557295

**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

### WPG Partners Select Small Cap Value Fund (Series ID: S000074886)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000233246 | Institutional Class | WPGSX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **BOSTON PARTNERS INVESTMENT FUNDS** | **BOSTON PARTNERS INVESTMENT FUNDS** | **BOSTON PARTNERS INVESTMENT FUNDS** |
| **WPG PARTNERS SELECT SMALL CAP VALUE FUND** | **WPG PARTNERS SELECT SMALL CAP VALUE FUND** | **WPG PARTNERS SELECT SMALL CAP VALUE 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—91.5%** |  |  |
| **Communication Services—1.5%** |  |  |
| &nbsp;&nbsp;&nbsp; Cars.com, Inc.\* | 74075 | $1094829 |
| **Consumer Discretionary—9.8%** |  |  |
| &nbsp;&nbsp;&nbsp; Barnes & Noble Education, Inc.\* | 244200 | 620268 |
| &nbsp;&nbsp;&nbsp; BJ's Restaurants, Inc.\* | 66986 | 2148911 |
| &nbsp;&nbsp;&nbsp; Carrols Restaurant Group, Inc.\* | 277162 | 412971 |
| &nbsp;&nbsp;&nbsp; Cheesecake Factory, Inc., (The) | 20143 | 705811 |
| &nbsp;&nbsp;&nbsp; Goodyear Tire & Rubber Co., (The)\* | 71594 | 803284 |
| &nbsp;&nbsp;&nbsp; Latham Group, Inc.\* | 124404 | 429194 |
| &nbsp;&nbsp;&nbsp; Poshmark, Inc., Class A\* | 125112 | 2230747 |
|  |  | 7351186 |
| **Consumer Staples—6.6%** |  |  |
| &nbsp;&nbsp;&nbsp; Adecoagro SA | 259440 | 2142974 |
| &nbsp;&nbsp;&nbsp; TreeHouse Foods, Inc.\* | 57771 | 2855621 |
|  |  | 4998595 |
| **Energy—6.4%** |  |  |
| &nbsp;&nbsp;&nbsp; Green Plains, Inc.\* | 25518 | 881902 |
| &nbsp;&nbsp;&nbsp; NexTier Oilfield Solutions, Inc.\* | 139644 | 1422972 |
| &nbsp;&nbsp;&nbsp; SM Energy Co. | 58834 | 2536334 |
|  |  | 4841208 |
| **Financials—13.2%** |  |  |
| &nbsp;&nbsp;&nbsp; Axis Capital Holdings Ltd. | 42885 | 2468461 |
| &nbsp;&nbsp;&nbsp; Blucora, Inc.\* | 57771 | 1447164 |
| &nbsp;&nbsp;&nbsp; Encore Capital Group, Inc.\* | 13629 | 686902 |
| &nbsp;&nbsp;&nbsp; EZCORP, Inc., Class A\* | 137872 | 1381477 |
| &nbsp;&nbsp;&nbsp; Kemper Corp. | 17284 | 983805 |
| &nbsp;&nbsp;&nbsp; NMI Holdings, Inc., Class A\* | 102075 | 2197675 |
| &nbsp;&nbsp;&nbsp; Sculptor Capital Management, Inc. | 77265 | 776513 |
|  |  | 9941997 |
| **Health Care—6.7%** |  |  |
| &nbsp;&nbsp;&nbsp; Apollo Endosurgery, Inc.\* | 73600 | 745568 |
| &nbsp;&nbsp;&nbsp; Pacira BioSciences, Inc.\* | 42987 | 2074123 |
| &nbsp;&nbsp;&nbsp; Pennant Group, Inc., (The)\* | 37214 | 384793 |
| &nbsp;&nbsp;&nbsp; Sight Sciences, Inc.\* | 164808 | 1840905 |
|  |  | 5045389 |
| **Industrials—22.3%** |  |  |
| &nbsp;&nbsp;&nbsp; Altra Industrial Motion Corp. | 57062 | 3344975 |
| &nbsp;&nbsp;&nbsp; ICF International, Inc. | 17012 | 1843591 |
| &nbsp;&nbsp;&nbsp; KBR, Inc. | 38987 | 2014458 |
| &nbsp;&nbsp;&nbsp; Kirby Corp.\* | 36860 | 2572459 |
| &nbsp;&nbsp;&nbsp; Maxar Technologies, Inc. | 135391 | 3276462 |
| &nbsp;&nbsp;&nbsp; Univar Solutions, Inc.\* | 76171 | 2523545 |
| &nbsp;&nbsp;&nbsp; V2X, Inc.\* | 29784 | 1203571 |
|  |  | 16779061 |
| **Information Technology—12.9%** |  |  |
| &nbsp;&nbsp;&nbsp; Momentive Global, Inc.\* | 387034 | 3069180 |
| &nbsp;&nbsp;&nbsp; NetScout Systems, Inc.\* | 50592 | 1886070 |
| &nbsp;&nbsp;&nbsp; ON24, Inc.\* | 199542 | 1526496 |
| &nbsp;&nbsp;&nbsp; Rambus, Inc.\* | 54936 | 2108444 |
| &nbsp;&nbsp;&nbsp; SMART Global Holdings, Inc.\* | 35088 | 593338 |
| &nbsp;&nbsp;&nbsp; SmartRent, Inc.\* | 226833 | 551204 |
|  |  | 9734732 |
| **Materials—7.6%** |  |  |
| &nbsp;&nbsp;&nbsp; Axalta Coating Systems Ltd.\* | 38259 | 1026871 |
| &nbsp;&nbsp;&nbsp; Capstone Copper Corp.\* | 143543 | 501544 |
| &nbsp;&nbsp;&nbsp; Tronox Holdings PLC | 187846 | 2654264 |
| &nbsp;&nbsp;&nbsp; Valvoline, Inc. | 45721 | 1507879 |
|  |  | 5690558 |
| **Real Estate—4.5%** |  |  |
| &nbsp;&nbsp;&nbsp; Apple Hospitality REIT, Inc. | 57062 | 973478 |
| &nbsp;&nbsp;&nbsp; Equity Commonwealth | 88606 | 2400336 |
|  |  | 3373814 |
| TOTAL COMMON STOCKS |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $59,659,866) |  | 68851369 |
| **SHORT-TERM INVESTMENTS—8.5%** |  |  |
| &nbsp;&nbsp;&nbsp; U.S. Bank Money Market Deposit Account, 3.50%(a) | 6363288 | 6363288 |
| TOTAL SHORT-TERM INVESTMENTS |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $6,363,288) |  | 6363288 |
| TOTAL INVESTMENTS—100.0% |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $66,023,154) |  | 75214657 |
| OTHER ASSETS IN EXCESS OF LIABILITIES—0.0% |  | 5807 |
| NET ASSETS—100.0% |  | $75220464 |

---

---

| | |
|:---|:---|
| PLC | Public Limited Company |
| REIT | Real Estate Investment Trust |
| \* | Non-income producing. |
| (a) | The rate shown is as of November 30, 2022. |
| Industry classifications may be different than those used for compliance monitoring purposes. | Industry classifications may be different than those used for compliance monitoring purposes. |

---

------

---

| |
|:---|
| **BOSTON PARTNERS INVESTMENT FUNDS** |
| **WPG PARTNERS SELECT SMALL CAP VALUE FUND** |
| **NOTES TO PORTFOLIO OF INVESTMENTS** |
| **NOVEMBER 30, 2022 (UNAUDITED)** |

---

**PORTFOLIO VALUATION** — The WPG Partners Select Small Cap Value Fund's (the "Fund") 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. Investments in other open-end investment companies, if any, are valued based on the NAV of the investment companies (which may use fair value pricing as disclosed in their prospectuses). Options for which the primary market is a national securities exchange are valued at the last sale price on the exchange on which they are traded, or, in the absence of any sale, will be valued at the mean of the last bid and ask prices prior to the market close. Options not traded on a national securities exchange are valued at the last quoted bid price for long option positions and the closing ask price for short option positions. 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. The Fund may use fair value pricing more frequently for securities traded primarily in non-U.S. markets because, among other things, most foreign markets close well before the Fund values its securities, generally as of 4:00 p.m. Eastern time. The earlier close of these foreign markets gives rise to the possibility that significant events, including broad market moves, government actions or pronouncements, aftermarket trading, or news events may have occurred in the interim. To account for this, the Fund may value foreign securities using fair value prices based on third-party vendor modeling tools (international fair value pricing).

---

| |
|:---|
| **FAIR VALUE MEASUREMENTS** — The inputs and valuation techniques used to measure 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** |
| Common Stock |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Communication Services | $1094829 | $1094829 | $- | $- |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Discretionary | 7351186 | 7351186 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Staples | 4998595 | 4998595 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Energy | 4841208 | 4841208 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Financials | 9941997 | 9941997 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care | 5045389 | 5045389 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Industrials | 16779061 | 16779061 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Information Technology | 9734732 | 9734732 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Materials | 5690558 | 5690558 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate | 3373814 | 3373814 | - | - |
| &nbsp;&nbsp;&nbsp; Short-Term Investments | 6363288 | 6363288 | - | - |
| Total Assets | $75214657 | $75214657 | $- | $- |

---

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 Level 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 when 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 all Level 3 transfers are disclosed if 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 the period ended November 30, 2022, the Fund had no significant Level 3 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:** WPG Partners Select Small Cap Value Fund

- **b. EDGAR series identifier (if any):** S000074886

- **c. LEI of Series:** 5493008QU1C80M15XQ22

**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:** $76141152.86

**Total Liabilities:** $943210.23

**Net Assets:** $75197942.63

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000233246 | -7.02%               | 14.07%               | 3.91%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-81245.56               | $-1343084.86                               |
| Month 2  | $-675506.08              | $9287796.61                                |
| Month 3  | $646991.06               | $2130841.47                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Altra Industrial Motion Corp           | Altra Industrial Motion Corp           | CUSIP: 02208R106<br>LEI: NQ0NIXPGW4YKG4MWM571 | Long             | EC               | CORP              | US        |     57062 | NS      | $3344974.44   | 4.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Endosurgery Inc                 | Apollo Endosurgery Inc                 | CUSIP: 03767D108<br>LEI: 549300OD82W5UIMD4H13 | Long             | EC               | CORP              | US        |     73600 | NS      | $745568.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Hospitality REIT Inc             | Apple Hospitality REIT Inc             | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               | CORP              | US        |     57062 | NS      | $973477.72    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Barnes & Noble Education Inc           | Barnes & Noble Education Inc           | CUSIP: 06777U101<br>LEI: 549300JQGDS5THBPED41 | Long             | EC               | CORP              | US        |    244200 | NS      | $620268.00    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Restaurants Inc                   | BJ's Restaurants Inc                   | CUSIP: 09180C106<br>LEI: 5299000EOW66I1OJNQ23 | Long             | EC               | CORP              | US        |     66986 | NS      | $2148910.88   | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Blucora Inc                            | Blucora Inc                            | CUSIP: 095229100<br>LEI: 5299001IO03J69IP6L77 | Long             | EC               | CORP              | US        |     57771 | NS      | $1447163.55   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrols Restaurant Group Inc           | Carrols Restaurant Group Inc           | CUSIP: 14574X104<br>LEI: 529900HZEMNWQSAKFJ98 | Long             | EC               | CORP              | US        |    277162 | NS      | $412971.38    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Cars.com Inc                           | Cars.com Inc                           | CUSIP: 14575E105<br>LEI: 5493002G6J07LNGX4M98 | Long             | EC               | CORP              | US        |     74075 | NS      | $1094828.50   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheesecake Factory Inc/The             | Cheesecake Factory Inc/The             | CUSIP: 163072101<br>LEI: 529900872XMLK10SY247 | Long             | EC               | CORP              | US        |     20143 | NS      | $705810.72    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Encore Capital Group Inc               | Encore Capital Group Inc               | CUSIP: 292554102<br>LEI: 5493000UVC6H49CIH830 | Long             | EC               | CORP              | US        |     13629 | NS      | $686901.60    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Commonwealth                    | Equity Commonwealth                    | CUSIP: 294628102<br>LEI: 549300YPGVU9PR4L0606 | Long             | EC               | CORP              | US        |     88606 | NS      | $2400336.54   | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| EZCORP Inc                             | EZCORP Inc                             | CUSIP: 302301106<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | EC               | CORP              | US        |    137872 | NS      | $1381477.44   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Goodyear Tire & Rubber Co/The          | Goodyear Tire & Rubber Co/The          | CUSIP: 382550101<br>LEI: 5493002BI0S2ZQUY3437 | Long             | EC               | CORP              | US        |     71594 | NS      | $803284.68    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Plains Inc                       | Green Plains Inc                       | CUSIP: 393222104<br>LEI: VJ5WLTHARBSDR14KIZ98 | Long             | EC               | CORP              | US        |     25518 | NS      | $881902.08    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ICF International Inc                  | ICF International Inc                  | CUSIP: 44925C103<br>LEI: 5493003KYFDDC5B3WY64 | Long             | EC               | CORP              | US        |     17012 | NS      | $1843590.44   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR Inc                                | KBR Inc                                | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |     38987 | NS      | $2014458.29   | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Kemper Corp                            | Kemper Corp                            | CUSIP: 488401100<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EC               | CORP              | US        |     15949 | NS      | $907817.08    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                             | Kirby Corp                             | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |     36860 | NS      | $2572459.40   | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Latham Group Inc                       | Latham Group Inc                       | CUSIP: 51819L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    124404 | NS      | $429193.80    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Maxar Technologies Inc                 | Maxar Technologies Inc                 | CUSIP: 57778K105<br>LEI: 549300OEN2G821MIJ922 | Long             | EC               | CORP              | US        |    135391 | NS      | $3276462.20   | 4.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Momentive Global Inc                   | Momentive Global Inc                   | CUSIP: 60878Y108<br>LEI: 549300PR9RG3VC9OH575 | Long             | EC               | CORP              | US        |    387034 | NS      | $3069179.62   | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NMI Holdings Inc                       | NMI Holdings Inc                       | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |    102075 | NS      | $2197674.75   | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| NetScout Systems Inc                   | NetScout Systems Inc                   | CUSIP: 64115T104<br>LEI: 5493005HZXZ3SPNVCV76 | Long             | EC               | CORP              | US        |     57417 | NS      | $2140505.76   | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| NexTier Oilfield Solutions Inc         | NexTier Oilfield Solutions Inc         | CUSIP: 65290C105<br>LEI: 529900L27H2D4QT0IT24 | Long             | EC               | CORP              | US        |    139644 | NS      | $1422972.36   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| ON24 Inc                               | ON24 Inc                               | CUSIP: 68339B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    199542 | NS      | $1526496.30   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacira BioSciences Inc                 | Pacira BioSciences Inc                 | CUSIP: 695127100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46075 | NS      | $2223118.75   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Pennant Group Inc/The                  | Pennant Group Inc/The                  | CUSIP: 70805E109<br>LEI: 5493007H2OYR6BYLDA64 | Long             | EC               | CORP              | US        |     37214 | NS      | $384792.76    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Poshmark Inc                           | Poshmark Inc                           | CUSIP: 73739W104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    125112 | NS      | $2230746.96   | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus Inc                             | Rambus Inc                             | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |     54936 | NS      | $2108443.68   | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| SM Energy Co                           | SM Energy Co                           | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |     58834 | NS      | $2536333.74   | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Sculptor Capital Management In         | Sculptor Capital Management Inc        | CUSIP: 811246107<br>LEI: 529900V50QFEXQGSUC34 | Long             | EC               | CORP              | US        |     77265 | NS      | $776513.25    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sight Sciences Inc                     | Sight Sciences Inc                     | CUSIP: 82657M105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    164808 | NS      | $1840905.36   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| SmartRent Inc                          | SmartRent Inc                          | CUSIP: 83193G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    208697 | NS      | $507133.71    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| TreeHouse Foods Inc                    | TreeHouse Foods Inc                    | CUSIP: 89469A104<br>LEI: 5493007M7EVHE470Q576 | Long             | EC               | CORP              | US        |     57771 | NS      | $2855620.53   | 3.80%             |  |  |  | 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        |   6363288 | NS      | $6363287.90   | 8.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Univar Solutions Inc                   | Univar Solutions Inc                   | CUSIP: 91336L107<br>LEI: 549300VSXHFQVR770L55 | Long             | EC               | CORP              | US        |     81872 | NS      | $2712419.36   | 3.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Valvoline Inc                          | Valvoline Inc                          | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |     45721 | NS      | $1507878.58   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| V2X Inc                                | V2X Inc                                | CUSIP: 92242T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28354 | NS      | $1145785.14   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Capstone Copper Corp                   | Capstone Copper Corp                   | CUSIP: 14071L108<br>LEI: 549300III6KGKKC42W63 | Long             | EC               | CORP              | CA        |    143543 | NS      | $501544.14    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd              | Axis Capital Holdings Ltd              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BM        |     42885 | NS      | $2468460.60   | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Axalta Coating Systems Ltd             | Axalta Coating Systems Ltd             | CUSIP: N/A<br>LEI: 529900AGLPA40GV6H619       | Long             | EC               | CORP              | US        |     31189 | NS      | $837112.76    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SMART Global Holdings Inc              | SMART Global Holdings Inc              | CUSIP: N/A<br>LEI: 529900RDGHQY8XKXPN14       | Long             | EC               | CORP              | US        |     35088 | NS      | $593338.08    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Tronox Holdings PLC                    | Tronox Holdings PLC                    | CUSIP: N/A<br>LEI: 549300NRVC84SGJSXV06       | Long             | EC               | CORP              | US        |    187846 | NS      | $2654263.98   | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Adecoagro SA                           | Adecoagro SA                           | CUSIP: N/A<br>LEI: 529900Q00UR5LFELO811       | Long             | EC               | CORP              | AR        |    259440 | NS      | $2142974.40   | 2.85%             |  |  |  | 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