# EDGAR Filing Document

**Accession Number:** 0000831114
**File Stem:** 0001145549-25-049518
**Filing Date:** 2025-7
**Character Count:** 58029
**Document Hash:** cf44579ec0c4218e2a8b73ccfb09a600
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-049518.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001145549-25-049518

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RBB FUND, INC.
- **CENTRAL INDEX KEY:** 0000831114

**ORGANIZATION NAME:**
- **EIN:** 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:** 251159330

**BUSINESS ADDRESS:**
- **STREET 1:** 615 E. MICHIGAN ST.
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 609-731-6256

**MAIL ADDRESS:**
- **STREET 1:** 615 E. MICHIGAN ST.
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RBB FUND INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FUND INC /DE/
- **DATE OF NAME CHANGE:** 19600201

## Series and Classes Contracts Data

### SGI Enhanced Global Income ETF (Series ID: S000084011)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000248137 | SGI Enhanced Global Income ETF | GINX            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **SGI Enhanced Global Income ETF** | **SGI Enhanced Global Income ETF** | **SGI Enhanced Global Income ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 89.2%** | **Shares** | **Value**  |
| **Aerospace/Defense - 4.2%** | **Aerospace/Defense - 4.2%** | |
| Lockheed Martin Corp. | 3418 | $1648775 |
| Northrop Grumman Corp. | 784 | 380059 |
| RTX Corp. | 4681 | 638863 |
| Thales SA - ADR | 11555 | 704162 |
|  |  | 3371859 |
| **Agriculture - 0.3%** | **Agriculture - 0.3%** |  |
| Bunge Global SA | 2712 | 211943 |
| **Apparel - 0.3%** | **Apparel - 0.3%** |  |
| Tapestry, Inc. | 2955 | 232115 |
| **Auto Manufacturers - 0.9%** | **Auto Manufacturers - 0.9%** |  |
| Geely Automobile Holdings Ltd. - ADR | 2632 | 116835 |
| Honda Motor Co. Ltd. - ADR | 10239 | 312494 |
| Isuzu Motors Ltd. - ADR | 9390 | 126389 |
| Volkswagen AG - ADR | 11409 | 122875 |
|  |  | 678593 |
| **Auto Parts & Equipment - 0.2%** | **Auto Parts & Equipment - 0.2%** |  |
| Continental AG - ADR | 15644 | 138137 |
| **Banks - 19.8%** | **Banks - 19.8%** |  |
| Banco Bilbao Vizcaya Argentaria SA - ADR | 154087 | 2317469 |
| Banco Santander SA - ADR | 69577 | 554529 |
| Bank of America Corp. | 5054 | 223033 |
| Bank of China Ltd. - ADR | 31545 | 457718 |
| Bank of Montreal | 1198 | 128605 |
| BNP Paribas SA - ADR | 4851 | 213298 |
| BOC Hong Kong Holdings Ltd. - ADR | 991 | 83621 |
| Canadian Imperial Bank of Commerce | 4533 | 307972 |
| China Construction Bank Corp. - ADR | 22155 | 395245 |
| Citigroup, Inc. | 4369 | 329073 |
| DBS Group Holdings Ltd. - ADR | 7407 | 1022166 |
| Huntington Bancshares, Inc. | 58376 | 912417 |
| Intesa Sanpaolo SpA - ADR | 18141 | 607724 |
| JPMorgan Chase & Co. | 745 | 196680 |
| KeyCorp | 20354 | 322814 |
| NatWest Group PLC - ADR <sup>(a)</sup> | 70029 | 1001415 |
| PNC Financial Services Group, Inc. | 724 | 125838 |
| Royal Bank of Canada | 17984 | 2277853 |
| Societe Generale SA - ADR | 71023 | 776281 |
| Sumitomo Mitsui Financial Group, Inc. - ADR | 30155 | 464689 |
| UBS Group AG | 55528 | 1770788 |
| UniCredit SpA - ADR | 31975 | 1027677 |
| United Overseas Bank Ltd. - ADR | 3922 | 216455 |
|  |  | 15733360 |
| **Beverages - 1.4%** | **Beverages - 1.4%** |  |
| PepsiCo, Inc. | 8299 | 1090904 |
| **Biotechnology - 1.6%** | **Biotechnology - 1.6%** |  |
| Amgen, Inc. | 1848 | 532557 |
| Gilead Sciences, Inc. | 6694 | 736875 |
|  |  | 1269432 |
| **Building Materials - 1.0%** | **Building Materials - 1.0%** |  |
| Cie de Saint-Gobain SA - ADR | 10337 | 233100 |
| Holcim AG <sup>(a)</sup> | 13306 | 294462 |
| Owens Corning | 2153 | 288394 |
|  |  | 815956 |
| **Chemicals - 0.6%** | **Chemicals - 0.6%** |  |
| CF Industries Holdings, Inc. | 3520 | 319299 |
| Dow, Inc. | 7127 | 197703 |
|  |  | 517002 |
| **Commercial Services - 0.4%** | **Commercial Services - 0.4%** |  |
| Automatic Data Processing, Inc. | 928 | 302092 |
| **Computers - 0.6%** | **Computers - 0.6%** |  |
| Infosys Ltd. - ADR | 25758 | 468538 |
| **Cosmetics/Personal Care - 3.2%** | **Cosmetics/Personal Care - 3.2%** |  |
| Colgate-Palmolive Co. | 23978 | 2228515 |
| Unilever PLC - ADR | 5324 | 339884 |
|  |  | 2568399 |
| **Diversified Financial Services - 1.2%** | **Diversified Financial Services - 1.2%** |  |
| Nomura Holdings, Inc. - ADR | 94534 | 575712 |
| ORIX Corp. - ADR | 16202 | 344455 |
|  |  | 920167 |
| **Electric - 6.2%** | **Electric - 6.2%** |  |
| CLP Holdings Ltd. - ADR | 14462 | 122927 |
| CMS Energy Corp. | 3229 | 226772 |
| EDP SA - ADR | 5129 | 205929 |
| Enel SpA - ADR | 38105 | 349042 |
| Engie SA - ADR | 25761 | 558241 |
| Evergy, Inc. | 19054 | 1265376 |
| Iberdrola SA - ADR | 2315 | 169620 |
| National Grid PLC - ADR | 21397 | 1527532 |
| NextEra Energy, Inc. | 3734 | 263770 |
| Southern Co. | 2916 | 262440 |
|  |  | 4951649 |
| **Electronics - 0.5%** | **Electronics - 0.5%** |  |
| Assa Abloy AB - ADR | 25207 | 398775 |
| **Engineering & Construction - 0.6%** | **Engineering & Construction - 0.6%** |  |
| Vinci SA - ADR | 12258 | 438836 |
| **Food - 2.5%** | **Food - 2.5%** |  |
| Conagra Brands, Inc. | 31164 | 713344 |
| Tyson Foods, Inc. - Class A | 22302 | 1252480 |
|  |  | 1965824 |
| **Forest Products & Paper - 0.3%** | **Forest Products & Paper - 0.3%** |  |
| UPM-Kymmene Oyj - ADR | 7452 | 206793 |
| **Gas - 0.5%** | **Gas - 0.5%** |  |
| NiSource, Inc. | 10078 | 398484 |
| **Healthcare-Services - 1.7%** | **Healthcare-Services - 1.7%** |  |
| Fresenius Medical Care AG - ADR | 17644 | 501089 |
| UnitedHealth Group, Inc. | 2882 | 870105 |
|  |  | 1371194 |
| **Home Builders - 0.1%** | **Home Builders - 0.1%** |  |
| Sekisui House Ltd. - ADR | 5060 | 114710 |
| **Household Products/Wares - 0.3%** | **Household Products/Wares - 0.3%** |  |
| Kimberly-Clark Corp. | 1739 | 249999 |
| **Insurance - 4.4%** | **Insurance - 4.4%** |  |
| Allianz SE - ADR | 5850 | 231602 |
| AXA SA - ADR | 16696 | 789387 |
| Equitable Holdings, Inc. | 9735 | 514689 |
| Manulife Financial Corp. | 7460 | 237526 |
| MS&AD Insurance Group Holdings, Inc. - ADR | 4941 | 117497 |
| Prudential Financial, Inc. | 7708 | 800784 |
| Zurich Insurance Group AG - ADR | 22259 | 782849 |
|  |  | 3474334 |
| **Internet - 0.7%** | **Internet - 0.7%** |  |
| JD.com, Inc. - ADR | 17401 | 563966 |
| **Iron/Steel - 0.4%** | **Iron/Steel - 0.4%** |  |
| Fortescue Ltd. - ADR | 11172 | 221988 |
| Nucor Corp. | 1048 | 114609 |
|  |  | 336597 |
| **Machinery-Construction & Mining - 0.5%** | **Machinery-Construction & Mining - 0.5%** |  |
| Komatsu Ltd. - ADR | 12448 | 378419 |
| **Machinery-Diversified - 0.2%** | **Machinery-Diversified - 0.2%** |  |
| Atlas Copco AB - ADR | 11825 | 190737 |
| **Media - 0.7%** | **Media - 0.7%** |  |
| Comcast Corp. - Class A | 15898 | 549594 |
| **Metal Fabricate/Hardware - 0.2%** | **Metal Fabricate/Hardware - 0.2%** |  |
| Tenaris SA - ADR | 4298 | 143768 |
| **Mining - 1.2%** | **Mining - 1.2%** |  |
| BHP Group Ltd. - ADR | 7638 | 374186 |
| Freeport-McMoRan, Inc. | 5511 | 212063 |
| Norsk Hydro ASA - ADR | 19385 | 106811 |
| Rio Tinto PLC - ADR | 4108 | 244139 |
|  |  | 937199 |
| **Miscellaneous Manufacturing - 0.4%** | **Miscellaneous Manufacturing - 0.4%** |  |
| Siemens AG - ADR | 2572 | 311109 |
| **Oil & Gas - 4.9%** | **Oil & Gas - 4.9%** |  |
| Canadian Natural Resources Ltd. | 37685 | 1144494 |
| ConocoPhillips | 11798 | 1006959 |
| EOG Resources, Inc. | 1055 | 114541 |
| Inpex Corp. - ADR | 16369 | 219345 |
| Woodside Energy Group Ltd. - ADR | 95606 | 1370034 |
|  |  | 3855373 |
| **Packaging & Containers - 1.7%** | **Packaging & Containers - 1.7%** |  |
| Packaging Corp. of America | 6976 | 1347554 |
| **Pharmaceuticals - 8.1%** | **Pharmaceuticals - 8.1%** |  |
| AbbVie, Inc. | 8397 | 1562766 |
| Merck & Co., Inc. | 10383 | 797830 |
| Novartis AG - ADR | 10141 | 1173922 |
| Roche Holding AG - ADR | 22724 | 915777 |
| Takeda Pharmaceutical Co. Ltd. - ADR | 134094 | 2015433 |
|  |  | 6465728 |
| **Pipelines - 1.4%** | **Pipelines - 1.4%** |  |
| ONEOK, Inc. | 2280 | 184315 |
| Targa Resources Corp. | 5104 | 806075 |
| Williams Cos., Inc. | 1905 | 115271 |
|  |  | 1105661 |
| **Private Equity - 0.3%** | **Private Equity - 0.3%** |  |
| 3i Group PLC - ADR | 7159 | 200094 |
| **REITS - 0.3%** | **REITS - 0.3%** |  |
| Annaly Capital Management, Inc. | 14298 | 270947 |
| **Retail - 4.9%** | **Retail - 4.9%** |  |
| Home Depot, Inc. | 5753 | 2118772 |
| Industria de Diseno Textil SA - ADR | 19439 | 526603 |
| McDonald's Corp. | 1667 | 523188 |
| Yum! Brands, Inc. | 5205 | 749208 |
|  |  | 3917771 |
| **Semiconductors - 2.7%** | **Semiconductors - 2.7%** |  |
| ASE Technology Holding Co. Ltd. - ADR | 52912 | 496314 |
| QUALCOMM, Inc. | 11389 | 1653683 |
|  |  | 2149997 |
| **Software - 0.3%** | **Software - 0.3%** |  |
| Paychex, Inc. | 1581 | 249656 |
| **Telecommunications - 5.6%** | **Telecommunications - 5.6%** |  |
| AT&T, Inc. | 8731 | 242722 |
| Corning, Inc. | 7753 | 384471 |
| Deutsche Telekom AG - ADR | 24307 | 920020 |
| Nippon Telegraph & Telephone Corp. - ADR | 11722 | 326809 |
| Nokia Oyj - ADR | 74125 | 386932 |
| Orange SA - ADR | 14270 | 213765 |
| Singapore Telecommunications Ltd. - ADR | 15829 | 469963 |
| Vodafone Group PLC - ADR | 145302 | 1502423 |
|  |  | 4447105 |
| **Transportation - 1.9%** | **Transportation - 1.9%** |  |
| Union Pacific Corp. | 1663 | 368620 |
| United Parcel Service, Inc. - Class B | 11472 | 1118979 |
|  |  | 1487599 |
| **TOTAL COMMON STOCKS** (Cost $69,834,589) | **TOTAL COMMON STOCKS** (Cost $69,834,589) | 70797969 |
| **EXCHANGE TRADED FUNDS - 9.5%** | **Shares** | **Value** |
| iShares Emerging Markets Dividend ETF | 89009 | 2517175 |
| SPDR S&P Emerging Markets Dividend ETF | 58710 | 2213367 |
| WisdomTree Emerging Markets High Dividend Fund | 64703 | 2831403 |
| **TOTAL EXCHANGE TRADED FUNDS** (Cost $7,226,642) | **TOTAL EXCHANGE TRADED FUNDS** (Cost $7,226,642) | 7561945 |
| **SHORT-TERM INVESTMENTS - 0.5%** |  | **Value**  |
| **Money Market Funds - 0.5%** | **<u>Shares</u>** |  |
| First American Government Obligations Fund - Class X, 4.23% <sup>(b)</sup> | 433625 | 433625 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $433,625) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $433,625) | 433625 |
| **TOTAL INVESTMENTS - 99.2% (**Cost $77,494,856**)** | **TOTAL INVESTMENTS - 99.2% (**Cost $77,494,856**)** | 78793539 |
| Other Assets in Excess of Liabilities- 0.8% | Other Assets in Excess of Liabilities- 0.8% | 633576 |
| **TOTAL NET ASSETS - 100.0%** |  | $79427115 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

---

| |
|:---|
| ADR - American Depositary Receipt |
| ASA - Advanced Subscription Agreement |
| PLC - Public Limited Company |
| REIT - Real Estate Investment Trust |

---

(a) Non-income producing security.

(b) The rate shown represents the 7-day annualized effective yield as of May 31, 2025.

------

#### <br>

#### Summary of Fair Value Disclosure as of May 31, 2025 (Unaudited)
SGI Enhanced Global Income ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

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

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

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

The following is a summary of the fair valuation hierarchy of the Fund's securities as of May 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | 70797969 |  |  | 70797969 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 7561945 |  |  | 7561945 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 433625 |  |  | 433625 |
| Total Investments | 78793539 |  |  | 78793539 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

---

| | | |
|:---|:---|:---|
| **Allocation of Portfolio Holdings by Country as of May 31, 2025** | **Allocation of Portfolio Holdings by Country as of May 31, 2025** | **Allocation of Portfolio Holdings by Country as of May 31, 2025** |
| (% of Net Assets) | (% of Net Assets) | (% of Net Assets) |
| United States | $40223585 | 50.4% |
| Japan | 4995952 | 6.3 |
| Switzerland | 4937798 | 6.2 |
| United Kingdom | 4815487 | 6.0 |
| Canada | 4096450 | 5.2 |
| France | 3927070 | 5.1 |
| Spain | 3568221 | 4.5 |
| Germany | 2224832 | 2.8 |
| Italy | 1984443 | 2.5 |
| Australia | 1966208 | 2.5 |
| Singapore | 1708584 | 2.2 |
| China | 1416929 | 1.8 |
| Finland | 593725 | 0.8 |
| Sweden | 589512 | 0.7 |
| Taiwan | 496314 | 0.6 |
| India | 468538 | 0.6 |
| Hong Kong | 323383 | 0.4 |
| Portugal | 205929 | 0.3 |
| Luxembourg | 143768 | 0.2 |
| Norway | 106811 | 0.1 |
| Other Assets in Excess of Liabilities | 633576 | 0.8 |
|  | $**79427115** | 100.0<br> **%** |

---

## 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:** 262-378-6278

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

- **a. Name of Series:** SGI Enhanced Global Income ETF

- **b. EDGAR series identifier (if any):** S000084011

- **c. LEI of Series:** 529900D63C56W1PSSB82

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**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:** $79494571.08

**Total Liabilities:** $87311.90

**Net Assets:** $79407259.18

**Cash Not Reported:** $339814.80

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000248137 | 0.09%                | -1.45%               | 2.71%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $744983.59               | $-1209391.41                               |
| Month 2  | $227770.33               | $-1567747.08                               |
| Month 3  | $109279.62               | $1535451.05                                |

**Designated Index Information**

- **Index Name:** MSCI ACWI Net Total Return USD Index

- **Index Identifier:** NDUEACWF

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ASE Technology Holding Co Ltd  | ASE Technology Holding Co Ltd                  | CUSIP: 00215W100<br>LEI: 300300GO8QHPMV87NZ73 | Long             | EC               | CORP              | TW        |     52912 | NS      | $496314.56    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Allianz SE                     | Allianz SE                                     | CUSIP: 018820100<br>LEI: 529900K9B0N5BT694847 | Long             | EC               | CORP              | DE        |      5850 | NS      | $231601.50    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                      | Amgen Inc                                      | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      1848 | NS      | $532556.64    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Annaly Capital Management Inc  | Annaly Capital Management Inc                  | CUSIP: 035710839<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EC               | CORP              | US        |     14298 | NS      | $270947.10    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                | CMS Energy Corp                                | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |      3229 | NS      | $226772.67    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co           | Colgate-Palmolive Co                           | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     23978 | NS      | $2228515.32   | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                   | Comcast Corp                                   | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     15898 | NS      | $549593.86    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Conagra Brands Inc             | Conagra Brands Inc                             | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |     31164 | NS      | $713343.96    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                 | ConocoPhillips                                 | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     11798 | NS      | $1006959.30   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Continental AG                 | Continental AG                                 | CUSIP: 210771200<br>LEI: 529900A7YD9C0LLXM621 | Long             | EC               | CORP              | DE        |     15644 | NS      | $138136.52    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Inc                    | Corning Inc                                    | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |      7753 | NS      | $384471.27    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| DBS Group Holdings Ltd         | DBS Group Holdings Ltd                         | CUSIP: 23304Y100<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |      7407 | NS      | $1022166.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Telekom AG            | Deutsche Telekom AG                            | CUSIP: 251566105<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |     24307 | NS      | $920019.95    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Dow Inc                        | Dow Inc                                        | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |      7127 | NS      | $197702.98    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| EDP SA                         | EDP SA                                         | CUSIP: 268353109<br>LEI: 529900CLC3WDMGI9VH80 | Long             | EC               | CORP              | PT        |      5129 | NS      | $205929.35    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc              | EOG Resources Inc                              | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |      1055 | NS      | $114541.35    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel SpA                       | Enel SpA                                       | CUSIP: 29265W207<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |     38105 | NS      | $349041.80    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Engie SA                       | Engie SA                                       | CUSIP: 29286D105<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | EC               | CORP              | FR        |     25761 | NS      | $558240.87    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc         | Equitable Holdings Inc                         | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |      9735 | NS      | $514689.45    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                     | Evergy Inc                                     | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     19054 | NS      | $1265376.14   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund     | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    405978 | NS      | $405977.54    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortescue Ltd                  | Fortescue Ltd                                  | CUSIP: 34959A206<br>LEI: 529900VEJFORCO6I4826 | Long             | EC               | CORP              | AU        |     11172 | NS      | $221987.64    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc           | Freeport-McMoRan Inc                           | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |      5511 | NS      | $212063.28    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius Medical Care AG      | Fresenius Medical Care AG                      | CUSIP: 358029106<br>LEI: 549300CP8NY40UP89Q40 | Long             | EC               | CORP              | DE        |     17644 | NS      | $501089.60    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Geely Automobile Holdings Ltd  | Geely Automobile Holdings Ltd                  | CUSIP: 36847Q103<br>LEI: 549300YS3T1KVQ2SNI84 | Long             | EC               | CORP              | HK        |      2632 | NS      | $116834.48    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc            | Gilead Sciences Inc                            | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      6694 | NS      | $736875.52    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Holcim AG                      | Holcim AG                                      | CUSIP: 43475E105<br>LEI: 529900EHPFPYHV6IQO98 | Long             | EC               | CORP              | CH        |     13306 | NS      | $294461.78    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The             | Home Depot Inc/The                             | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      5753 | NS      | $2118772.37   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Honda Motor Co Ltd             | Honda Motor Co Ltd                             | CUSIP: 438128308<br>LEI: 549300P7ZYCQJ36CCS16 | Long             | EC               | CORP              | JP        |     10239 | NS      | $312494.28    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Inc/OH   | Huntington Bancshares Inc/OH                   | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |     58376 | NS      | $912416.88    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola SA                   | Iberdrola SA                                   | CUSIP: 450737101<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |      2315 | NS      | $169620.05    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Industria de Diseno Textil SA  | Industria de Diseno Textil SA                  | CUSIP: 455793109<br>LEI: 549300TTCXZOGZM2EY83 | Long             | EC               | CORP              | ES        |     19439 | NS      | $526602.51    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Isuzu Motors Ltd               | Isuzu Motors Ltd                               | CUSIP: 465254209<br>LEI: 529900C0QSXVCC7AR494 | Long             | EC               | CORP              | JP        |      9390 | NS      | $126389.40    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co            | JPMorgan Chase & Co                            | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |       745 | NS      | $196680.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.com Inc                     | JD.com Inc                                     | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | CN        |     17401 | NS      | $563966.41    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                        | KeyCorp                                        | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |     20354 | NS      | $322814.44    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp            | Kimberly-Clark Corp                            | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |      1739 | NS      | $249998.64    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Komatsu Ltd                    | Komatsu Ltd                                    | CUSIP: 500458401<br>LEI: 5493004LQ0B4T7QPQV17 | Long             | EC               | CORP              | JP        |     12448 | NS      | $378419.20    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp           | Lockheed Martin Corp                           | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      3418 | NS      | $1648774.84   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Manulife Financial Corp        | Manulife Financial Corp                        | CUSIP: 56501R106<br>LEI: 5493007GBX87QOZACS27 | Long             | EC               | CORP              | CA        |      7460 | NS      | $237526.40    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                | McDonald's Corp                                | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      1667 | NS      | $523187.95    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                 | Merck & Co Inc                                 | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     10383 | NS      | $797829.72    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc             | NextEra Energy Inc                             | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |      3734 | NS      | $263769.76    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| NTT                            | Nippon Telegraph & Telephone Corp              | CUSIP: 654624105<br>LEI: 353800VHQU5VIXVUA841 | Long             | EC               | CORP              | JP        |     11722 | NS      | $326809.36    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc                   | NiSource Inc                                   | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |     10078 | NS      | $398484.12    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Nokia Oyj                      | Nokia Oyj                                      | CUSIP: 654902204<br>LEI: 549300A0JPRWG1KI7U06 | Long             | EC               | CORP              | FI        |     74125 | NS      | $386932.50    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Holdings Inc            | Nomura Holdings Inc                            | CUSIP: 65535H208<br>LEI: 549300B3CEAHYG7K8164 | Long             | EC               | CORP              | JP        |     94534 | NS      | $575712.06    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Norsk Hydro ASA                | Norsk Hydro ASA                                | CUSIP: 656531605<br>LEI: 549300N1SDN71ZZ8BO45 | Long             | EC               | CORP              | NO        |     19385 | NS      | $106811.35    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp          | Northrop Grumman Corp                          | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |       784 | NS      | $380059.68    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                    | Novartis AG                                    | CUSIP: 66987V109<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |     10141 | NS      | $1173922.16   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp                     | Nucor Corp                                     | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |      1048 | NS      | $114609.28    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK Inc                      | ONEOK Inc                                      | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |      2280 | NS      | $184315.20    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Orange SA                      | Orange SA                                      | CUSIP: 684060106<br>LEI: 969500MCOONR8990S771 | Long             | EC               | CORP              | FR        |     14270 | NS      | $213764.60    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ORIX Corp                      | ORIX Corp                                      | CUSIP: 686330101<br>LEI: 35380016EMHNBOVYE123 | Long             | EC               | CORP              | JP        |     16202 | NS      | $344454.52    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens Corning                  | Owens Corning                                  | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |      2153 | NS      | $288394.35    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group I | PNC Financial Services Group Inc/The           | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |       724 | NS      | $125838.44    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corp of America      | Packaging Corp of America                      | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |      6976 | NS      | $1347553.92   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                    | Paychex Inc                                    | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |      1581 | NS      | $249655.71    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                    | PepsiCo Inc                                    | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      8299 | NS      | $1090903.55   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial Inc       | Prudential Financial Inc                       | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |      7708 | NS      | $800784.12    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                  | Citigroup Inc                                  | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |      4369 | NS      | $329073.08    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| CLP Holdings Ltd               | CLP Holdings Ltd                               | CUSIP: 18946Q101<br>LEI: 25490002BUTSMP94GO68 | Long             | EC               | CORP              | HK        |     14462 | NS      | $122927.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie de Saint-Gobain SA         | Cie de Saint-Gobain SA                         | CUSIP: 204280309<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | EC               | CORP              | FR        |     10337 | NS      | $233099.35    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                   | QUALCOMM Inc                                   | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     11389 | NS      | $1653682.80   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                       | RTX Corp                                       | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      4681 | NS      | $638862.88    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC                  | Rio Tinto PLC                                  | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |      4108 | NS      | $244138.44    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG               | Roche Holding AG                               | CUSIP: 771195104<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |     22724 | NS      | $915777.20    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Bank of Canada           | Royal Bank of Canada                           | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               | CORP              | CA        |     17984 | NS      | $2277853.44   | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P Emerging Markets Divi | SPDR S&P Emerging Markets Dividend ETF         | CUSIP: 78463X533<br>LEI: 5493000CJCE3FTDXMN84 | Long             | EC               | RF                | US        |     58710 | NS      | $2213367.00   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Sekisui House Ltd              | Sekisui House Ltd                              | CUSIP: 816078307<br>LEI: 529900GMNDOYQSAJAE76 | Long             | EC               | CORP              | JP        |      5060 | NS      | $114710.20    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens AG                     | Siemens AG                                     | CUSIP: 826197501<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |      2572 | NS      | $311109.12    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| SingTel                        | Singapore Telecommunications Ltd               | CUSIP: 82929R304<br>LEI: 2549003XJKIQO8YDYD89 | Long             | EC               | CORP              | SG        |     15829 | NS      | $469963.01    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Societe Generale SA            | Societe Generale SA                            | CUSIP: 83364L109<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EC               | CORP              | FR        |     71023 | NS      | $776281.39    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                | Southern Co/The                                | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |      2916 | NS      | $262440.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Mitsui Financial Grou | Sumitomo Mitsui Financial Group Inc            | CUSIP: 86562M209<br>LEI: 35380028MYWPB6AUO129 | Long             | EC               | CORP              | JP        |     30155 | NS      | $464688.55    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Takeda Pharmaceutical Co Ltd   | Takeda Pharmaceutical Co Ltd                   | CUSIP: 874060205<br>LEI: 549300ZLMVP4X0OGR454 | Long             | EC               | CORP              | JP        |    134094 | NS      | $2015432.82   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                   | Tapestry Inc                                   | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |      2955 | NS      | $232115.25    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp           | Targa Resources Corp                           | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |      5104 | NS      | $806074.72    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenaris SA                     | Tenaris SA                                     | CUSIP: 88031M109<br>LEI: 549300Y7C05BKC4HZB40 | Long             | EC               | CORP              | LU        |      4298 | NS      | $143768.10    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Thales SA                      | Thales SA                                      | CUSIP: 883219206<br>LEI: 529900FNDVTQJOVVPZ19 | Long             | EC               | CORP              | FR        |     11555 | NS      | $704161.70    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                | Tyson Foods Inc                                | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     22302 | NS      | $1252480.32   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| UniCredit SpA                  | UniCredit SpA                                  | CUSIP: 904678406<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |     31975 | NS      | $1027676.50   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                   | Unilever PLC                                   | CUSIP: 904767704<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |      5324 | NS      | $339884.16    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp             | Union Pacific Corp                             | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      1663 | NS      | $368620.58    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| United Overseas Bank Ltd       | United Overseas Bank Ltd                       | CUSIP: 911271302<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | EC               | CORP              | SG        |      3922 | NS      | $216455.18    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc      | United Parcel Service Inc                      | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     11472 | NS      | $1118978.88   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc         | UnitedHealth Group Inc                         | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      2882 | NS      | $870104.62    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| UPM-Kymmene Oyj                | UPM-Kymmene Oyj                                | CUSIP: 915436208<br>LEI: 213800EC6PW5VU4J9U64 | Long             | EC               | CORP              | FI        |      7452 | NS      | $206793.00    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinci SA                       | Vinci SA                                       | CUSIP: 927320101<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |     12258 | NS      | $438836.40    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Vodafone Group PLC             | Vodafone Group PLC                             | CUSIP: 92857W308<br>LEI: 213800TB53ELEUKM7Q61 | Long             | EC               | CORP              | GB        |    145302 | NS      | $1502422.68   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Volkswagen AG                  | Volkswagen AG                                  | CUSIP: 928662501<br>LEI: 529900NNUPAGGOMPXZ31 | Long             | EC               | CORP              | DE        |     11409 | NS      | $122874.93    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The           | Williams Cos Inc/The                           | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |      1905 | NS      | $115271.55    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| WisdomTree Emerging Markets Hi | WisdomTree Emerging Markets High Dividend Fund | CUSIP: 97717W315<br>LEI: 549300WHKBOTZX5KL565 | Long             | EC               | RF                | US        |     64703 | NS      | $2831403.28   | 3.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodside Energy Group Ltd      | Woodside Energy Group Ltd                      | CUSIP: 980228308<br>LEI: 2549005ZC5RXAOO7FH41 | Long             | EC               | CORP              | AU        |     95606 | NS      | $1370033.98   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum! Brands Inc                | Yum! Brands Inc                                | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |      5205 | NS      | $749207.70    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurich Insurance Group AG      | Zurich Insurance Group AG                      | CUSIP: 989825104<br>LEI: 529900QVNRBND50TXP03 | Long             | EC               | CORP              | CH        |     22259 | NS      | $782849.03    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                   | UBS Group AG                                   | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               | CORP              | CH        |     55528 | NS      | $1770787.92   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| AXA SA                         | AXA SA                                         | CUSIP: 054536107<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | EC               | CORP              | FR        |     16696 | NS      | $789386.88    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                 | BNP Paribas SA                                 | CUSIP: 05565A202<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |      4851 | NS      | $213298.47    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BBVA                           | Banco Bilbao Vizcaya Argentaria SA             | CUSIP: 05946K101<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EC               | CORP              | ES        |    154087 | NS      | $2317468.48   | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander SA             | Banco Santander SA                             | CUSIP: 05964H105<br>LEI: 5493006QMFDDMYWIAM13 | Long             | EC               | CORP              | ES        |     69577 | NS      | $554528.69    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp           | Bank of America Corp                           | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |      5054 | NS      | $223033.02    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Montreal               | Bank of Montreal                               | CUSIP: 063671101<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | EC               | CORP              | CA        |      1198 | NS      | $128605.30    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of China Ltd              | Bank of China Ltd                              | CUSIP: 06426M104<br>LEI: 54930053HGCFWVHYZX42 | Long             | EC               | CORP              | CN        |     31545 | NS      | $457717.95    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP Group Ltd                  | BHP Group Ltd                                  | CUSIP: 088606108<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |      7638 | NS      | $374185.62    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| BOC Hong Kong Holdings Ltd     | BOC Hong Kong Holdings Ltd                     | CUSIP: 096813209<br>LEI: 254900JB98W77JDJMW15 | Long             | EC               | CORP              | HK        |       991 | NS      | $83620.58     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc     | CF Industries Holdings Inc                     | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |      3520 | NS      | $319299.20    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CIBC                           | Canadian Imperial Bank of Commerce             | CUSIP: 136069101<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | EC               | CORP              | CA        |      4533 | NS      | $307972.02    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Ltd | Canadian Natural Resources Ltd                 | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     37685 | NS      | $1144493.45   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| China Construction Bank Corp   | China Construction Bank Corp                   | CUSIP: 168919108<br>LEI: 5493001KQW6DM7KEDR62 | Long             | EC               | CORP              | CN        |     22155 | NS      | $395245.20    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd                    | Infosys Ltd                                    | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |     25758 | NS      | $468538.02    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Inpex Corp                     | Inpex Corp                                     | CUSIP: 45790H101<br>LEI: 353800VHYYADPR6MXQ47 | Long             | EC               | CORP              | JP        |     16369 | NS      | $219344.60    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Intesa Sanpaolo SpA            | Intesa Sanpaolo SpA                            | CUSIP: 46115H107<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | EC               | CORP              | IT        |     18141 | NS      | $607723.50    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Emerging Markets Divid | iShares Emerging Markets Dividend ETF          | CUSIP: 464286319<br>LEI: 549300ZYN7MB8GTUQI40 | Long             | EC               | RF                | US        |     89009 | NS      | $2517174.52   | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| MS&AD Insurance Group Holdings | MS&AD Insurance Group Holdings Inc             | CUSIP: 553491101<br>LEI: 529900CXROT5S2HMMP26 | Long             | EC               | CORP              | JP        |      4941 | NS      | $117496.98    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| National Grid PLC              | National Grid PLC                              | CUSIP: 636274409<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |     21397 | NS      | $1527531.83   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| NatWest Group PLC              | NatWest Group PLC                              | CUSIP: 639057207<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |     70029 | NS      | $1001414.70   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Global SA                | Bunge Global SA                                | CUSIP: N/A<br>LEI: 254900IVXSV9K0B7PO26       | Long             | EC               | CORP              | US        |      2712 | NS      | $211942.80    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                       | AT&T Inc                                       | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |      8731 | NS      | $242721.80    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                     | AbbVie Inc                                     | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      8397 | NS      | $1562765.67   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Assa Abloy AB                  | Assa Abloy AB                                  | CUSIP: 045387107<br>LEI: 549300YECS8HKCIMMB67 | Long             | EC               | CORP              | SE        |     25207 | NS      | $398774.74    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Copco AB                 | Atlas Copco AB                                 | CUSIP: 049255706<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |     11825 | NS      | $190737.25    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc  | Automatic Data Processing Inc                  | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |       928 | NS      | $302091.84    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| 3i Group PLC                   | 3i Group PLC                                   | CUSIP: 88579N105<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |      7159 | NS      | $200094.05    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-21

**Name of Applicant:** RBB Fund, Inc.

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

**Name of Signer:** RBB Fund, Inc.

**Title:** CFO COO Secretary