# EDGAR Filing Document

**Accession Number:** 0001618627
**File Stem:** 0001145549-23-008897
**Filing Date:** 2023-2
**Character Count:** 13816
**Document Hash:** 64c0a1a13e4d61a7dd4c3c4e67a2672f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-008897.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001145549-23-008897

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RBB Fund Trust
- **CENTRAL INDEX KEY:** 0001618627
- **IRS NUMBER:** 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:** 23662662

**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

### Evermore Global Value Fund (Series ID: S000078923)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000239714 | Investor Class      | EVGBX           |
| C000239715 | Institutional Class | EVGIX           |

## 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:** Evermore Global Value Fund

- **b. EDGAR series identifier (if any):** S000078923

- **c. LEI of Series:** 549300U1IVWWLCG66D89

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $109509490.65

**Total Liabilities:** $4791454.63

**Net Assets:** $104718036.02

**Cash Not Reported:** $453505.22

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000239714 | 7.08%                | 2.36%                | -3.15%               |
| Class ID C000239715 | 7.12%                | 2.33%                | -3.13%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-8453306.49             | $17148471.40                               |
| Month 2  | $1374292.76              | $3724406.92                                |
| Month 3  | $-6699680.37             | $3976185.59                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Calumet Specialty Products Par | Calumet Specialty Products Partners LP     | CUSIP: 131476103<br>LEI: 529900QWK0FGLES9BA18 | Long             | EC               | CORP              | US        |    801055 | NS      | $13521808.40  | 12.91%            |  |  |  | No            |                  1 | On Loan: No      |
| Enovis Corp                    | Enovis Corp                                | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Long             | EC               | CORP              | US        |     25600 | NS      | $1370112.00   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Esab Corp                      | Esab Corp                                  | CUSIP: 29605J106<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | EC               | CORP              | US        |     48800 | NS      | $2289696.00   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund   | CUSIP: 31846V328<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  15919974 | NS      | $15919974.36  | 15.20%            |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   3253390 | NS      | $3253390.33   | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| IAC Inc                        | IAC Inc                                    | CUSIP: 44891N208<br>LEI: 549300TO56L57RP6P031 | Long             | EC               | CORP              | US        |     39051 | NS      | $1733864.40   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Bollore SE                     | Bollore SE                                 | CUSIP: N/A<br>LEI: 969500LEKCHH6VV86P94       | Long             | EC               | CORP              | FR        |    896827 | NS      | $5011225.70   | 4.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Kontron AG                     | Kontron AG                                 | CUSIP: N/A<br>LEI: 5299002PSXXMVHB26433       | Long             | EC               | CORP              | AT        |    183013 | NS      | $2995395.77   | 2.86%             |  |  |  | No            |                  1 | On Loan: —       |
| KKR & Co Inc                   | KKR & Co Inc                               | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |     86155 | NS      | $3999315.10   | 3.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Vivendi SE                     | Vivendi SE                                 | CUSIP: F97982106<br>LEI: 969500FU4DRAEVJW7U54 | Long             | EC               | CORP              | FR        |    399088 | NS      | $3808080.19   | 3.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic Sapphire ASA          | Atlantic Sapphire ASA                      | CUSIP: R07217103<br>LEI: 2138007BY85FI48VX666 | Long             | EC               | CORP              | US        |   1545270 | NS      | $1171949.63   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BW LPG Ltd                     | BW LPG Ltd                                 | CUSIP: N/A<br>LEI: 5493006WBEME88YFDW23       | Long             | EC               | CORP              | SG        |    416063 | NS      | $3219171.10   | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Viaplay Group AB               | Viaplay Group AB                           | CUSIP: N/A<br>LEI: 5493006E0IJD0DHJSR89       | Long             | EC               | CORP              | SE        |    212197 | NS      | $4027428.84   | 3.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Lifco AB                       | Lifco AB                                   | CUSIP: W5321L166<br>LEI: 549300RTLL4VDQRCTW41 | Long             | EC               | CORP              | SE        |    305885 | NS      | $5104996.50   | 4.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Hoegh Autoliners ASA           | Hoegh Autoliners ASA                       | CUSIP: N/A<br>LEI: 549300D7GNMPKTA4HD46       | Long             | EC               | CORP              | NO        |    411488 | NS      | $2725948.39   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Aker Horizons ASA              | Aker Horizons ASA                          | CUSIP: N/A<br>LEI: 549300SX4Z9T612Q0N59       | Long             | EC               | CORP              | NO        |   1257000 | NS      | $1654521.37   | 1.58%             |  |  |  | No            |                  1 | On Loan: —       |
| Montana Aerospace AG           | Montana Aerospace AG                       | CUSIP: N/A<br>LEI: 506700YRG9330Q97U450       | Long             | EC               | CORP              | CH        |    108272 | NS      | $1679143.98   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| EXOR NV                        | EXOR NV                                    | CUSIP: N/A<br>LEI: 5493002ENHZ6NYET7405       | Long             | EC               | CORP              | NL        |     67968 | NS      | $4969240.09   | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadeler A/S                    | Cadeler A/S                                | CUSIP: N/A<br>LEI: 9845008439EUED140282       | Long             | EC               | CORP              | DK        |   1273730 | NS      | $4992572.27   | 4.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Hemnet Group AB                | Hemnet Group AB                            | CUSIP: N/A<br>LEI: 5493008VIU67J3HUAR07       | Long             | EC               | CORP              | SE        |     57000 | NS      | $686085.57    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Modern Times Group MTG AB      | Modern Times Group MTG AB                  | CUSIP: W56523231<br>LEI: 549300E8NDODRSX29339 | Long             | EC               | CORP              | SE        |    389297 | NS      | $3324088.29   | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Music Group NV       | Universal Music Group NV                   | CUSIP: N/A<br>LEI: 724500GJBUL3D9TW9Y18       | Long             | EC               | CORP              | NL        |    161892 | NS      | $3900907.65   | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Infrastrutture Wireless Italia | Infrastrutture Wireless Italiane SpA       | CUSIP: N/A<br>LEI: 81560066183FE361C071       | Long             | EC               | CORP              | IT        |    263500 | NS      | $2655336.71   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | CHF/USD FWD 20230117                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-20181.80    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | EUR/USD FWD 20230117                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-404977.86   | -0.39%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | EUR/USD FWD 20230117                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $21276.19     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| LAMINGTON ROAD DAC             | Lamington Road DAC                         | CUSIP: BP5174662<br>LEI: 635400P3XQM8ZRLUPK27 | Long             | DBT              | CORP              | IE        |  15140944 | PA      | $11202784.47  | 10.70%            | 2121-04-07      | Fixed         | 14.00%                | No            |                  3 | On Loan: No      |
| N/A                            | NOK/USD FWD 20230117                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-354495.16   | -0.34%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NOK/USD FWD 20230117                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $4486.57      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SEK/USD FWD 20230117                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $125807.17    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Eneti Inc                      | Eneti Inc                                  | CUSIP: N/A<br>LEI: 549300MHZ4YKRPGBH616       | Long             | EC               | CORP              | US        |    255973 | NS      | $2572528.65   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

**Name of Applicant:** RBB Fund Trust

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

**Name of Signer:** RBB Fund Trust

**Title:** CFO COO Treasurer