# EDGAR Filing Document

**Accession Number:** 0000831114
**File Stem:** 0001145549-23-003243
**Filing Date:** 2023-1
**Character Count:** 59218
**Document Hash:** b0ad173b801255285457f5721f1c679e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-003243.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001145549-23-003243

**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:** 23557291

**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

### Boston Partners Emerging Markets Fund (Series ID: S000058610)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000192521 | Institutional Class | BPEMX           |

## Nport-Ex

---

| |
|:---|
| **BOSTON PARTNERS INVESTMENT FUNDS** |
| **BOSTON PARTNERS EMERGING MARKETS FUND** |
| PORTFOLIO OF INVESTMENTS |
| NOVEMBER 30, 2022 (UNAUDITED) |

---

---

| | | |
|:---|:---|:---|
|  | NUMBER OF<br>SHARES |<br>VALUE |
| **COMMON STOCKS—84.4%** |  |  |
| **Austria—0.6%** |  |  |
| &nbsp;&nbsp;&nbsp; Erste Group Bank AG | 1695 | $53073 |
| &nbsp;&nbsp;&nbsp; Raiffeisen Bank International AG\* | 4738 | 74559 |
|  |  | 127632 |
| **Brazil—8.4%** |  |  |
| &nbsp;&nbsp;&nbsp; Banco do Brasil SA\* | 90600 | 618566 |
| &nbsp;&nbsp;&nbsp; Cielo SA\* | 465000 | 427423 |
| &nbsp;&nbsp;&nbsp; Eletromidia SA\* | 129376 | 253300 |
| &nbsp;&nbsp;&nbsp; Localiza Rent a Car SA\* | 63 | 723 |
| &nbsp;&nbsp;&nbsp; Minerva SA | 20300 | 48703 |
| &nbsp;&nbsp;&nbsp; Sendas Distribuidora SA | 104400 | 396126 |
|  |  | 1744841 |
| **Chile—0.9%** |  |  |
| &nbsp;&nbsp;&nbsp; Banco Santander Chile - SP ADR | 11633 | 181591 |
| **China—29.6%** |  |  |
| &nbsp;&nbsp;&nbsp; Alibaba Group Holding Ltd.\* | 18900 | 205692 |
| &nbsp;&nbsp;&nbsp; Alibaba Group Holding Ltd. - SP ADR\* | 3492 | 305759 |
| &nbsp;&nbsp;&nbsp; Bank of Chengdu Co., Ltd., Class A | 162800 | 351876 |
| &nbsp;&nbsp;&nbsp; Chengdu Wintrue Holding Co., Ltd., Class A | 26300 | 44155 |
| &nbsp;&nbsp;&nbsp; China State Construction Engineering Corp., Ltd., Class A | 526300 | 435760 |
| &nbsp;&nbsp;&nbsp; Fufeng Group Ltd. | 103000 | 65620 |
| &nbsp;&nbsp;&nbsp; Greentown China Holdings Ltd. | 78000 | 134064 |
| &nbsp;&nbsp;&nbsp; JD.com, Inc., Class A | 305 | 8700 |
| &nbsp;&nbsp;&nbsp; JD.com, Inc. - ADR | 5650 | 323067 |
| &nbsp;&nbsp;&nbsp; Jiangsu Changshu Rural Commercial Bank Co., Ltd., Class A | 94900 | 100892 |
| &nbsp;&nbsp;&nbsp; Muyuan Foodstuff Co., Ltd., Class A | 35300 | 238410 |
| &nbsp;&nbsp;&nbsp; NetEase, Inc. - ADR | 1326 | 94305 |
| &nbsp;&nbsp;&nbsp; Pinduoduo, Inc. - ADR\* | 12750 | 1046010 |
| &nbsp;&nbsp;&nbsp; Power Construction Corp. of China Ltd., Class A | 138500 | 149185 |
| &nbsp;&nbsp;&nbsp; Proya Cosmetics Co., Ltd., Class A | 12700 | 302726 |
| &nbsp;&nbsp;&nbsp; Rianlon Corp., Class A | 24100 | 187531 |
| &nbsp;&nbsp;&nbsp; Shandong Hi-Speed Road & Bridge Co., Ltd., Class A | 49400 | 52264 |
| &nbsp;&nbsp;&nbsp; Shanghai International Port Group Co., Ltd., Class A | 49100 | 37609 |
| &nbsp;&nbsp;&nbsp; Tangshan Port Group Co., Ltd., Class A | 163500 | 67228 |
| &nbsp;&nbsp;&nbsp; Tech-Bank Food Co., Ltd., Class A\* | 276778 | 244273 |
| &nbsp;&nbsp;&nbsp; Tencent Holdings Ltd. | 4200 | 158828 |
| &nbsp;&nbsp;&nbsp; Trip.com Group Ltd. - ADR\* | 15765 | 503692 |
| &nbsp;&nbsp;&nbsp; Wens Foodstuffs Group Co., Ltd., Class A | 192386 | 485692 |
| &nbsp;&nbsp;&nbsp; Xiamen Xiangyu Co., Ltd., Class A | 32100 | 53067 |
| &nbsp;&nbsp;&nbsp; Yangtze Optical Fibre and Cable Joint Stock Ltd., Co., Class H | 27000 | 49716 |
| &nbsp;&nbsp;&nbsp; YTO Express Group Co., Ltd., Class A | 127197 | 347065 |
| &nbsp;&nbsp;&nbsp; YTO Express Group Co., Ltd., Class A | 55900 | 152527 |
|  |  | 6145713 |
| **Greece—0.4%** |  |  |
| &nbsp;&nbsp;&nbsp; JUMBO SA | 5689 | 90860 |
| **Hungary—0.3%** |  |  |
| &nbsp;&nbsp;&nbsp; Richter Gedeon Nyrt | 2632 | 56621 |
| **India—4.2%** |  |  |
| &nbsp;&nbsp;&nbsp; Bajaj Auto Ltd. | 3384 | 156112 |
| &nbsp;&nbsp;&nbsp; Bharti Airtel Ltd. | 12294 | 128476 |
| &nbsp;&nbsp;&nbsp; Bharti Airtel Ltd. | 1797 | 10271 |
| &nbsp;&nbsp;&nbsp; Indian Hotels Co Ltd. | 39066 | 155692 |
| &nbsp;&nbsp;&nbsp; Maruti Suzuki India Ltd. | 1372 | 151702 |
| &nbsp;&nbsp;&nbsp; PB Fintech Ltd.\* | 33184 | 185489 |
| &nbsp;&nbsp;&nbsp; Power Grid Corp. of India Ltd. | 15176 | 41872 |
| &nbsp;&nbsp;&nbsp; Reliance Industries Ltd. - SP GDR | 575 | 38571 |
|  |  | 868185 |
| **Indonesia—2.6%** |  |  |
| &nbsp;&nbsp;&nbsp; Bank Mandiri Persero Tbk PT | 805300 | 543225 |
| **Israel—1.6%** |  |  |
| &nbsp;&nbsp;&nbsp; Inmode Ltd.\* | 4254 | 163311 |
| &nbsp;&nbsp;&nbsp; Mizrahi Tefahot Bank Ltd. | 4353 | 161736 |
|  |  | 325047 |
| **Mexico—7.5%** |  |  |
| &nbsp;&nbsp;&nbsp; Arca Continental SAB de CV | 22900 | 190616 |
| &nbsp;&nbsp;&nbsp; Grupo Aeroportuario del Centro Norte SAB de CV - ADR | 4279 | 297476 |
| &nbsp;&nbsp;&nbsp; Grupo Aeroportuario del Pacifico SAB de CV - ADR | 3587 | 583067 |
| &nbsp;&nbsp;&nbsp; Grupo Bimbo SAB de CV, Class A | 35400 | 150213 |
| &nbsp;&nbsp;&nbsp; Grupo Comercial Chedraui SA de CV | 8400 | 36305 |
| &nbsp;&nbsp;&nbsp; Grupo Financiero Banorte SAB de CV, Class O | 37900 | 304178 |
|  |  | 1561855 |
| **Poland—0.7%** |  |  |
| &nbsp;&nbsp;&nbsp; Dino Polska SA\* | 1837 | 150980 |
| **Russia—0.0%** |  |  |
| &nbsp;&nbsp;&nbsp; Fix Price Group Ltd. - GDR\*† | 5934 | 0 |
| &nbsp;&nbsp;&nbsp; HeadHunter Group PLC - ADR† | 3106 | 0 |
| &nbsp;&nbsp;&nbsp; Magnit PJSC† | 2995 | 0 |
| &nbsp;&nbsp;&nbsp; Sberbank of Russia PJSC - SP ADR\*† | 9522 | 0 |
|  |  | 0 |
| **Singapore—4.9%** |  |  |
| &nbsp;&nbsp;&nbsp; DBS Group Holdings Ltd. | 23256 | 606487 |
| &nbsp;&nbsp;&nbsp; Singapore Airlines Ltd. | 34200 | 138752 |
| &nbsp;&nbsp;&nbsp; United Overseas Bank Ltd. | 11600 | 267467 |
|  |  | 1012706 |
| **South Africa—0.8%** |  |  |
| &nbsp;&nbsp;&nbsp; Life Healthcare Group Holdings Ltd. | 28783 | 29021 |
| &nbsp;&nbsp;&nbsp; Shoprite Holdings Ltd. | 9831 | 144708 |
|  |  | 173729 |
| **South Korea—8.1%** |  |  |
| &nbsp;&nbsp;&nbsp; GS Holdings Corp. | 1170 | 43488 |
| &nbsp;&nbsp;&nbsp; Hankook Tire & Technology Co., Ltd. | 2708 | 70725 |
| &nbsp;&nbsp;&nbsp; Hite Jinro Co., Ltd. | 2646 | 53012 |
| &nbsp;&nbsp;&nbsp; HL Mando Co., Ltd. | 1430 | 53029 |
| &nbsp;&nbsp;&nbsp; JYP Entertainment Corp. | 2125 | 99319 |
| &nbsp;&nbsp;&nbsp; Korean Air Lines Co., Ltd.\* | 8764 | 171940 |
| &nbsp;&nbsp;&nbsp; Orion Corp. | 1063 | 95455 |
| &nbsp;&nbsp;&nbsp; Osstem Implant Co., Ltd. | 3843 | 328590 |
| &nbsp;&nbsp;&nbsp; SK Hynix, Inc. | 11755 | 775830 |
|  |  | 1691388 |
| **Taiwan—8.1%** |  |  |
| &nbsp;&nbsp;&nbsp; Accton Technology Corp. | 50000 | 444913 |
| &nbsp;&nbsp;&nbsp; Asia Vital Components Co., Ltd. | 6000 | 22354 |
| &nbsp;&nbsp;&nbsp; Compeq Manufacturing Co., Ltd. | 48000 | 78194 |
| &nbsp;&nbsp;&nbsp; Delta Electronics, Inc. | 9000 | 88998 |
| &nbsp;&nbsp;&nbsp; Hiwin Technologies Corp. | 19580 | 119501 |
| &nbsp;&nbsp;&nbsp; Lotes Co., Ltd. | 9115 | 258150 |
| &nbsp;&nbsp;&nbsp; Nanya Technology Corp. | 170000 | 317241 |
| &nbsp;&nbsp;&nbsp; Voltronic Power Technology Corp. | 2000 | 113509 |
| &nbsp;&nbsp;&nbsp; Wiwynn Corp. | 8000 | 230863 |
|  |  | 1673723 |
| **Thailand—4.5%** |  |  |
| &nbsp;&nbsp;&nbsp; AP Thailand PCL - NVDR | 491400 | 141455 |
| &nbsp;&nbsp;&nbsp; Kiatnakin Phatra Bank PCL - NVDR | 194200 | 396127 |
| &nbsp;&nbsp;&nbsp; Supalai PCL - NVDR | 445600 | 291226 |
| &nbsp;&nbsp;&nbsp; Thanachart Capital PCL | 94500 | 113218 |
|  |  | 942026 |
| **United States—1.2%** |  |  |
| &nbsp;&nbsp;&nbsp; Coupang, Inc.\* | 13149 | 256142 |
| TOTAL COMMON STOCKS |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $17,125,000) |  | 17546264 |
| **PREFERRED STOCKS—2.1%** |  |  |
| **Brazil—1.9%** |  |  |
| &nbsp;&nbsp;&nbsp; Itau Unibanco Holding SA, Class H - SP ADR 2.170% | 77705 | 386971 |
| **South Korea—0.2%** |  |  |
| &nbsp;&nbsp;&nbsp; Samsung Electronics Co., Ltd. 2.585% | 1003 | 43131 |
| TOTAL PREFERRED STOCKS |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $425,618) |  | 430102 |
| **EXCHANGE TRADED FUNDS—0.2%** |  |  |
| **Thailand—0.2%** |  |  |
| &nbsp;&nbsp;&nbsp; Jasmine Broadband Internet Infrastructure Fund, Class F | 236600 | 54345 |
| TOTAL EXCHANGE TRADED FUNDS |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $81,570) |  | 54345 |
| **SHORT-TERM INVESTMENTS—12.4%** |  |  |
| &nbsp;&nbsp;&nbsp; Tri-State Deposit, 3.20%(a) | 1505895 | 1505895 |
| &nbsp;&nbsp;&nbsp; U.S. Bank Money Market Deposit Account, 3.50%(a) | 1059938 | 1059938 |
| TOTAL SHORT-TERM INVESTMENTS |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $2,565,833) |  | 2565833 |
| TOTAL INVESTMENTS—99.1% |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $20,198,021) |  | 20596544 |
| OTHER ASSETS IN EXCESS OF LIABILITIES—0.9% |  | 177619 |
| NET ASSETS—100.0% |  | $20774163 |

---

---

| | |
|:---|:---|
| ADR | American Depositary Receipt |
| GDR | Global Depositary Receipt |
| NVDR | Non-voting Depository Receipt |
| PLC | Public Limited Company |
| SP ADR | Sponsored American Depositary Receipt |
| SP GDR | Sponsored Global Depositary Receipt |
| GDR | Global Depositary Receipt |
| \* | Non-income producing. |
| (a) | The rate shown is as of November 30, 2022. |
| † | Security has been valued at fair market value using significant unobservable inputs as determined in good faith by or under the direction of The RBB Fund, Inc.'s Board of Directors. <br> As of November 30, 2022, these securities amounted to $0 or 0.0% of net assets. |

---

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Contracts For Difference held by the Fund at November 30, 2022, are as follows: | Contracts For Difference held by the Fund at November 30, 2022, are as follows: | Contracts For Difference held by the Fund at November 30, 2022, are as follows: | Contracts For Difference held by the Fund at November 30, 2022, are as follows: |  |  |  |  |
| **REFERENCE**<br> **COMPANY** | **COUNTERPARTY** | **EXPIRATION DATE** | **FINANCING RATE** | **PAYMENT FREQUENCY** | **NUMBER OF CONTRACTS LONG/(SHORT)** | **NOTIONAL**<br> **AMOUNT** | **UNREALIZED**<br> **APPRECIATION**<br> (DEPRECIATION) |
| **Long** |  |  |  |  |  |  |  |
| **China** |  |  |  |  |  |  |  |
| Jiangsu Phoenix Publishing & Media Group Co., Ltd., Class A | Goldman Sachs | 09/16/2025 | 3.83% | Monthly | 94800 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112014 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12402 |
| Meihua Holdings Group Co., Class A | Goldman Sachs | 09/16/2025 | 3.83 | Monthly | 43600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (388) |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 171161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12014 |
| **Portugal** |  |  |  |  |  |  |  |
| Jeronimo Martins SGPS SA | Goldman Sachs | 09/18/2025 | 1.40 | Monthly | 13351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 294534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5905 |
| **Russia** |  |  |  |  |  |  |  |
| Detsky Mir PJSC | Goldman Sachs | 09/18/2025 | 3.83 | Monthly | 117900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; – | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (175295) |
| **Saudi Arabia** |  |  |  |  |  |  |  |
| Al Rajhi Bank | Goldman Sachs | 09/16/2025 | 3.83 | Monthly | 2070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44327 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2250) |
| **Taiwan** |  |  |  |  |  |  |  |
| Taiwan Semiconductor Manufacturing Co., Ltd. | Goldman Sachs | 09/18/2025 | 3.83 | Monthly | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1101 |
| Total Long |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 557586 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (158525) |
| Net unrealized gain/(loss) on Contracts For Difference |  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(158525) |

---

------

---

| |
|:---|
| **BOSTON PARTNERS EMERGING MARKETS FUND** |
| **NOTES TO PORTFOLIO OF INVESTMENTS** |
| **NOVEMBER 30, 2022 (UNAUDITED)** |

---

**PORTFOLIO VALUATION** — The Boston Partners Emerging Markets 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; Austria | $127632 | $- | $127632 | $- |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazil | 1744841 | 1744841 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Chile | 181591 | 181591 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp; China | 6145713 | 2272833 | 3872880 | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Greece | 90860 | - | 90860 | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Hungary | 56621 | - | 56621 | - |
| &nbsp;&nbsp;&nbsp;&nbsp; India | 868185 | - | 868185 | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Indonesia | 543225 | - | 543225 | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Israel | 325047 | 163311 | 161736 | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Mexico | 1561855 | 1561855 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Poland | 150980 | - | 150980 | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Russia | - | - | - | -<br> \* |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore | 1012706 | - | 1012706 | - |
| &nbsp;&nbsp;&nbsp;&nbsp; South Africa | 173729 | 29021 | 144708 | - |
| &nbsp;&nbsp;&nbsp;&nbsp; South Korea | 1691388 | - | 1691388 | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Taiwan | 1673723 | - | 1673723 | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Thailand | 942026 | 113218 | 828808 | - |
| &nbsp;&nbsp;&nbsp;&nbsp; United States | 256142 | 256142 | - | - |
| Preferred Stock |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazil | 386971 | 386971 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp; South Korea | 43131 | - | 43131 | - |
| Exchange Traded Funds |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Thailand | 54345 | 54345 | - | - |
| Short-Term Investments | 2565833 | 1059938<br>| 1505895<br>| - |
| Contracts For Difference |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; Equity Contracts | 19408 | 19408 | - | - |
| Total Assets | $20615952 | $7843474 | $12772478 | $- |
|  | **TOTAL** | **LEVEL 1** | **LEVEL 2** | **LEVEL 3** |
| Contracts For Difference |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; Equity Contracts | $(177933) | $(2638) | $- | $(175295) |
| Total Liabilities | $(177933) | $(2638) | $- | $(175295) |

---

\* Value equals zero as of the end of the reporting period.

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. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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. <br>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:** Boston Partners Emerging Markets Fund

- **b. EDGAR series identifier (if any):** S000058610

- **c. LEI of Series:** 549300OBZU13XVCPDS91

**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:** $21073300.17

**Total Liabilities:** $297695.91

**Net Assets:** $20775604.26

**Cash Not Reported:** $221296.81

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000192521 | -7.90%               | -1.51%               | 10.63%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-341696.50              | $-1227430.84                               |
| Month 2  | $-730407.02              | $500278.85                                 |
| Month 3  | $-391607.34              | $2320237.88                                |

**Designated Index Information**

- **Index Name:** MSCI Emerging Markets Index

- **Index Identifier:** 891800

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NetEase Inc                            | NetEase Inc                                        | CUSIP: 64110W102<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | CN        |      1326 | NS      | $94305.12     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Bharti Airtel Ltd                      | Bharti Airtel Ltd                                  | CUSIP: N/A<br>LEI: 335800KQ1FPKOQ84OR26       | Long             | EC               | CORP              | IN        |     12294 | NS      | $128475.79    | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Hynix Inc                           | SK Hynix Inc                                       | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |     11755 | NS      | $775830.35    | 3.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Korean Air Lines Co Ltd                | Korean Air Lines Co Ltd                            | CUSIP: N/A<br>LEI: 988400C2UFBF4B660C58       | Long             | EC               | CORP              | KR        |      8764 | NS      | $171940.53    | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Asia Vital Components Co Ltd           | Asia Vital Components Co Ltd                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      6000 | NS      | $22353.44     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Supalai PCL                            | Supalai PCL                                        | CUSIP: N/A<br>LEI: 9845000F0E39B2C16696       | Long             | EC               | CORP              | TH        |    445600 | NS      | $291225.74    | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| AP Thailand PCL                        | AP Thailand PCL                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |    491400 | NS      | $141455.56    | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Maruti Suzuki India Ltd                | Maruti Suzuki India Ltd                            | CUSIP: N/A<br>LEI: 335800D27PBEESKKD357       | Long             | EC               | CORP              | IN        |      1372 | NS      | $151702.48    | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Mandiri Persero Tbk PT            | Bank Mandiri Persero Tbk PT                        | CUSIP: N/A<br>LEI: 549300RSKQN4Z5ZSGH94       | Long             | EC               | CORP              | ID        |    805300 | NS      | $543224.73    | 2.61%             |  |  |  | No            |                  2 | On Loan: No      |
| DBS Group Holdings Ltd                 | DBS Group Holdings Ltd                             | CUSIP: N/A<br>LEI: 5493007FKT78NKPM5V55       | Long             | EC               | CORP              | SG        |     23256 | NS      | $606487.46    | 2.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Compeq Manufacturing Co Ltd            | Compeq Manufacturing Co Ltd                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     48000 | NS      | $78193.99     | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd             | Samsung Electronics Co Ltd                         | CUSIP: Y74718118<br>LEI: 9884007ER46L6N7EI764 | Long             | EP               | CORP              | KR        |      1003 | NS      | $43130.67     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Shoprite Holdings Ltd                  | Shoprite Holdings Ltd                              | CUSIP: N/A<br>LEI: 529900Q4O1EYP6NH5150       | Long             | EC               | CORP              | ZA        |      9831 | NS      | $144708.17    | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| YTO Express Group Co Ltd               | YTO Express Group Co Ltd                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    127197 | NS      | $347064.87    | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Delta Electronics Inc                  | Delta Electronics Inc                              | CUSIP: N/A<br>LEI: 529900UVZWNWGDLJSM52       | Long             | EC               | CORP              | TW        |      9000 | NS      | $88998.43     | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Nanya Technology Corp                  | Nanya Technology Corp                              | CUSIP: N/A<br>LEI: 254900STKVKJBRRO0835       | Long             | EC               | CORP              | TW        |    170000 | NS      | $317240.69    | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Kiatnakin Phatra Bank PCL              | Kiatnakin Phatra Bank PCL                          | CUSIP: N/A<br>LEI: 254900UPQE3MNOEDXK30       | Long             | EC               | CORP              | TH        |    194200 | NS      | $396126.80    | 1.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Singapore Airlines Ltd                 | Singapore Airlines Ltd                             | CUSIP: N/A<br>LEI: 549300ZG62N2599PWR15       | Long             | EC               | CORP              | SG        |     34200 | NS      | $138751.59    | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | MEIHUA HOLDINGS GROUP CO -A                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-297.13      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Orion Corp/Republic of Korea           | Orion Corp/Republic of Korea                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      1063 | NS      | $95454.90     | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Wiwynn Corp                            | Wiwynn Corp                                        | CUSIP: N/A<br>LEI: 254900FV2R15PMKXFL69       | Long             | EC               | CORP              | TW        |      8000 | NS      | $230863.43    | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | TAIWAN SEMICONDUCTOR MANUFAC SWAP                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $1183.81      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mizrahi Tefahot Bank Ltd               | Mizrahi Tefahot Bank Ltd                           | CUSIP: N/A<br>LEI: YZO9YEGEO4VYDZMDWF93       | Long             | EC               | CORP              | IL        |      4353 | NS      | $161736.20    | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Thanachart Capital PCL                 | Thanachart Capital PCL                             | CUSIP: Y8738D197<br>LEI: 529900VNNYCFS81B3436 | Long             | EC               | CORP              | TH        |     94500 | NS      | $113217.78    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| JIANGSU CHANGSHU RURAL COMMERC         | Jiangsu Changshu Rural Commercial Bank Co Ltd      | CUSIP: Y443B1100<br>LEI: 300300C1115432000063 | Long             | EC               | CORP              | CN        |     94900 | NS      | $100892.29    | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| United Overseas Bank Ltd               | United Overseas Bank Ltd                           | CUSIP: N/A<br>LEI: IO66REGK3RCBAMA8HR66       | Long             | EC               | CORP              | SG        |     11600 | NS      | $267466.77    | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Pinduoduo Inc                          | Pinduoduo Inc                                      | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | CN        |     12750 | NS      | $1046010.00   | 5.03%             |  |  |  | No            |                  1 | On Loan: No      |
| JUMBO SA                               | JUMBO SA                                           | CUSIP: N/A<br>LEI: 549300TGIVUUMY40MZ05       | Long             | EC               | CORP              | GR        |      5689 | NS      | $90859.57     | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Reliance Industries Ltd                | Reliance Industries Ltd                            | CUSIP: 759470107<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |       575 | NS      | $38570.71     | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Chengdu Co Ltd                 | Bank of Chengdu Co Ltd                             | CUSIP: N/A<br>LEI: 30030030JPOKGL9K5418       | Long             | EC               | CORP              | CN        |    162800 | NS      | $351876.10    | 1.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd              | Alibaba Group Holding Ltd                          | CUSIP: G01719114<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | CN        |     18900 | NS      | $205691.77    | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Sberbank of Russia PJSC                | Sberbank of Russia PJSC                            | CUSIP: 80585Y308<br>LEI: 549300WE6TAF5EEWQS81 | Long             | EC               | CORP              | RU        |      9522 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Trip.com Group Ltd                     | Trip.com Group Ltd                                 | CUSIP: 89677Q107<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | CN        |     15765 | NS      | $503691.75    | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Proya Cosmetics Co Ltd                 | Proya Cosmetics Co Ltd                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     12700 | NS      | $302726.06    | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Xiamen Xiangyu Co Ltd                  | Xiamen Xiangyu Co Ltd                              | CUSIP: N/A<br>LEI: 300300J43OY0HAWA6E69       | Long             | EC               | CORP              | CN        |     32100 | NS      | $53066.76     | 0.26%             |  |  |  | No            |                  2 | 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        |   1059938 | NS      | $1059937.82   | 5.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Tri-State Deposit                      | Tri-State Deposit                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |   1505896 | PA      | $1505895.65   | 7.25%             | 2050-01-01      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| JD.com Inc                             | JD.com Inc                                         | CUSIP: G8208B101<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | CN        |       305 | NS      | $8700.27      | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Eletromidia SA                         | Eletromidia SA                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    129376 | NS      | $253299.58    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| GS Holdings Corp                       | GS Holdings Corp                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      1170 | NS      | $43487.75     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Hite Jinro Co Ltd                      | Hite Jinro Co Ltd                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      2646 | NS      | $53011.57     | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Rianlon Corp                           | Rianlon Corp                                       | CUSIP: Y72541108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     24100 | NS      | $187531.35    | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                   | Tencent Holdings Ltd                               | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | CN        |      4200 | NS      | $158828.53    | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Raiffeisen Bank International          | Raiffeisen Bank International AG                   | CUSIP: N/A<br>LEI: 9ZHRYM6F437SQJ6OUG95       | Long             | EC               | CORP              | AT        |      4738 | NS      | $74559.38     | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | AL RAJHI BANK                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-2162.96     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| JYP Entertainment Corp                 | JYP Entertainment Corp                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      2125 | NS      | $99318.84     | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Greentown China Holdings Ltd           | Greentown China Holdings Ltd                       | CUSIP: N/A<br>LEI: 529900BLBC6YDNWS8530       | Long             | EC               | CORP              | CN        |     78000 | NS      | $134063.56    | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Sendas Distribuidora SA                | Sendas Distribuidora SA                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    104400 | NS      | $396125.91    | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Fix Price Group Ltd                    | Fix Price Group Ltd                                | CUSIP: 33835G205<br>LEI: 549300EXJV1RPGZNH608 | Long             | EC               | CORP              | RU        |      5934 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Indian Hotels Co Ltd                   | Indian Hotels Co Ltd                               | CUSIP: N/A<br>LEI: 33580076CH5SBY5HWA22       | Long             | EC               | CORP              | IN        |     39066 | NS      | $155692.28    | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Lotes Co Ltd                           | Lotes Co Ltd                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      9115 | NS      | $258150.00    | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Localiza Rent a Car SA                 | Localiza Rent a Car SA                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |        63 | NS      | $723.07       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SIPG                                   | Shanghai International Port Group Co Ltd           | CUSIP: N/A<br>LEI: 300300DAQ7G1LS22G609       | Long             | EC               | CORP              | CN        |     49100 | NS      | $37609.12     | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| CSCEC                                  | China State Construction Engineering Corp Ltd      | CUSIP: N/A<br>LEI: 300300CWW8WOEV3BR645       | Long             | EC               | CORP              | CN        |    526300 | NS      | $435760.44    | 2.10%             |  |  |  | No            |                  2 | On Loan: No      |
| POWERCHINA Ltd.                        | Power Construction Corp of China Ltd               | CUSIP: N/A<br>LEI: 300300MX911UESD4EH33       | Long             | EC               | CORP              | CN        |    138500 | NS      | $149185.01    | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Osstem Implant Co Ltd                  | Osstem Implant Co Ltd                              | CUSIP: N/A<br>LEI: 9884004U916KOXY14B53       | Long             | EC               | CORP              | KR        |      3843 | NS      | $328589.77    | 1.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Fufeng Group Ltd                       | Fufeng Group Ltd                                   | CUSIP: N/A<br>LEI: 549300OQ91X6COVM4483       | Long             | EC               | CORP              | CN        |    103000 | NS      | $65619.66     | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| TangShan Port Group Co Ltd             | TangShan Port Group Co Ltd                         | CUSIP: Y8488K102<br>LEI: 300300R1OCOESINHQW02 | Long             | EC               | CORP              | CN        |    163500 | NS      | $67227.56     | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharti Airtel Ltd                      | Bharti Airtel Ltd                                  | CUSIP: N/A<br>LEI: 335800KQ1FPKOQ84OR26       | Long             | EC               | CORP              | IN        |      1797 | NS      | $10270.53     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| PB Fintech Ltd                         | PB Fintech Ltd                                     | CUSIP: N/A<br>LEI: 98450083AC6B01HF1F87       | Long             | EC               | CORP              | IN        |     33184 | NS      | $185488.76    | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| HL Mando Co Ltd                        | HL Mando Co Ltd                                    | CUSIP: N/A<br>LEI: 988400P5GM9DGVVOJQ79       | Long             | EC               | CORP              | KR        |      1430 | NS      | $53029.49     | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | JERONIMO MARTINS SWAP                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $6112.97      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hiwin Technologies Corp                | Hiwin Technologies Corp                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     19580 | NS      | $119501.11    | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| YOFC                                   | Yangtze Optical Fibre and Cable Joint Stock Ltd Co | CUSIP: N/A<br>LEI: 52990001VWJO1YB9S047       | Long             | EC               | CORP              | CN        |     27000 | NS      | $49715.62     | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | DETSKY MIR PJSC SWAP                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-174968.66   | -0.84%            |  |  |  | No            |                  3 | On Loan: No      |
| Jasmine Broadband Internet Inf         | Jasmine Broadband Internet Infrastructure Fund     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |    236600 | NS      | $54344.53     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| YTO Express Group Co Ltd               | YTO Express Group Co Ltd                           | CUSIP: Y1963V107<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     55900 | NS      | $152526.60    | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Inmode Ltd                             | Inmode Ltd                                         | CUSIP: N/A<br>LEI: 984500DD95A35E9BD358       | Long             | EC               | CORP              | IL        |      4254 | NS      | $163311.06    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Grid Corp of India Ltd           | Power Grid Corp of India Ltd                       | CUSIP: N/A<br>LEI: 3358009SHWZ3DZEQ4Z56       | Long             | EC               | CORP              | IN        |     15176 | NS      | $41872.32     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Minerva SA/Brazil                      | Minerva SA/Brazil                                  | CUSIP: N/A<br>LEI: 391200UHL6YHY0OA1P30       | Long             | EC               | CORP              | BR        |     20300 | NS      | $48702.63     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Bajaj Auto Ltd                         | Bajaj Auto Ltd                                     | CUSIP: N/A<br>LEI: 335800DLAO5NCNN8G863       | Long             | EC               | CORP              | IN        |      3384 | NS      | $156111.87    | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Comercial Chedraui SA de         | Grupo Comercial Chedraui SA de CV                  | CUSIP: P4612W104<br>LEI: 4469000001BRXSV0JO96 | Long             | EC               | CORP              | MX        |      8400 | NS      | $36305.38     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Life Healthcare Group Holdings         | Life Healthcare Group Holdings Ltd                 | CUSIP: N/A<br>LEI: 529900NEEWARTDD80135       | Long             | EC               | CORP              | ZA        |     28783 | NS      | $29021.40     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                    | JIANGSU PHOENIX PUBLISH-A                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $12549.63     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnit PJSC                            | Magnit PJSC                                        | CUSIP: N/A<br>LEI: 2534009KKPTVL99W2Y12       | Long             | EC               | CORP              | RU        |      2995 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Cielo SA                               | Cielo SA                                           | CUSIP: N/A<br>LEI: 635400V276LMQ5UZ6C26       | Long             | EC               | CORP              | BR        |    465000 | NS      | $427423.47    | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Hankook Tire & Technology Co L         | Hankook Tire & Technology Co Ltd                   | CUSIP: N/A<br>LEI: 9884001BIEVM09M7AH02       | Long             | EC               | CORP              | KR        |      2708 | NS      | $70724.81     | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Voltronic Power Technology Cor         | Voltronic Power Technology Corp                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      2000 | NS      | $113508.68    | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Richter Gedeon Nyrt                    | Richter Gedeon Nyrt                                | CUSIP: N/A<br>LEI: 549300J6ZJW5IH4WEE46       | Long             | EC               | CORP              | HU        |      2632 | NS      | $56620.58     | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Dino Polska SA                         | Dino Polska SA                                     | CUSIP: N/A<br>LEI: 259400H4L81SMPRTW956       | Long             | EC               | CORP              | PL        |      1837 | NS      | $150980.27    | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Muyuan Foods Co Ltd                    | Muyuan Foods Co Ltd                                | CUSIP: N/A<br>LEI: 3003006NCTDQW4KZR676       | Long             | EC               | CORP              | CN        |     35300 | NS      | $238409.91    | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Wens Foodstuffs Group Co Ltd           | Wens Foodstuffs Group Co Ltd                       | CUSIP: N/A<br>LEI: 3003005O7DXT61IXLJ96       | Long             | EC               | CORP              | CN        |    192386 | NS      | $485692.32    | 2.34%             |  |  |  | No            |                  2 | On Loan: No      |
| SHANDONGROAD&BRIDGE                    | Shandong Hi-Speed Road & Bridge Co Ltd             | CUSIP: Y1969Q102<br>LEI: 3003003GKXNY7QOFIL49 | Long             | EC               | CORP              | CN        |     49400 | NS      | $52263.66     | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Chengdu Wintrue Holding Co Ltd         | Chengdu Wintrue Holding Co Ltd                     | CUSIP: Y77476102<br>LEI: 300300F35PZBU9IAOC66 | Long             | EC               | CORP              | CN        |     26300 | NS      | $44155.27     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Tech-Bank Food Co Ltd                  | Tech-Bank Food Co Ltd                              | CUSIP: N/A<br>LEI: 300300MVRC8VTTWABZ10       | Long             | EC               | CORP              | CN        |    276778 | NS      | $244272.92    | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd              | Alibaba Group Holding Ltd                          | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | CN        |      3492 | NS      | $305759.52    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander Chile                  | Banco Santander Chile                              | CUSIP: 05965X109<br>LEI: 3YJP8HORPAEXJ80D6368 | Long             | EC               | CORP              | CL        |     11633 | NS      | $181591.13    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Coupang Inc                            | Coupang Inc                                        | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | KR        |     13149 | NS      | $256142.52    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco do Brasil SA                     | Banco do Brasil SA                                 | CUSIP: N/A<br>LEI: QE0Q0253K88YAGNPE356       | Long             | EC               | CORP              | BR        |     90600 | NS      | $618566.49    | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Bimbo SAB de CV                  | Grupo Bimbo SAB de CV                              | CUSIP: P4949B104<br>LEI: 5493000RIXURZEBFEV60 | Long             | EC               | CORP              | MX        |     35400 | NS      | $150212.40    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Financiero Banorte SAB d         | Grupo Financiero Banorte SAB de CV                 | CUSIP: P49501201<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |     37900 | NS      | $304178.24    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Arca Continental SAB de CV             | Arca Continental SAB de CV                         | CUSIP: P0448R103<br>LEI: 254900U2BSJCQHJCXN24 | Long             | EC               | CORP              | MX        |     22900 | NS      | $190615.74    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Centro         | Grupo Aeroportuario del Centro Norte SAB de CV     | CUSIP: 400501102<br>LEI: 529900HUSBARAFSXJ605 | Long             | EC               | CORP              | MX        |      4279 | NS      | $297476.08    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Pacifi         | Grupo Aeroportuario del Pacifico SAB de CV         | CUSIP: 400506101<br>LEI: 4469000001BZ368XFI90 | Long             | EC               | CORP              | MX        |      3587 | NS      | $583066.85    | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| HeadHunter Group PLC                   | HeadHunter Group PLC                               | CUSIP: 42207L106<br>LEI: 549300IMUCFEWXP6RU11 | Long             | EC               | CORP              | RU        |      3106 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Itau Unibanco Holding SA               | Itau Unibanco Holding SA                           | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EP               | CORP              | BR        |     77705 | NS      | $386970.90    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.com Inc                             | JD.com Inc                                         | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | CN        |      5650 | NS      | $323067.00    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Erste Group Bank AG                    | Erste Group Bank AG                                | CUSIP: N/A<br>LEI: PQOH26KWDF7CG10L6792       | Long             | EC               | CORP              | AT        |      1695 | NS      | $53073.04     | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Micron Technology Inc                  | Micron Technology Inc                              | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      3358 | NS      | $193588.70    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Accton Technology Corp                 | Accton Technology Corp                             | CUSIP: N/A<br>LEI: 529900M1YRZ0GWMDF920       | Long             | EC               | CORP              | TW        |     50000 | NS      | $444913.35    | 2.14%             |  |  |  | No            |                  2 | 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