RBB Fund NPORT-P Motley Fool Capital Efficiency 100 Index ETF (Nov 2024 report)

Motley Fool Capital Efficiency 100 Index ETF
Schedule of Investments
November 30, 2024 (Unaudited)
COMMON STOCKS - 99.9%	Shares		Value
Air Freight & Logistics - 0.1%
GXO Logistics, Inc. (a)		729	$	44,345
Automobile Components - 0.0%(b)
Phinia, Inc.		293		16,431
Beverages - 0.6%
Boston Beer Co., Inc. - Class A (a)		63		19,923
Monster Beverage Corp. (a)		6,268		345,555
				365,478
Biotechnology - 2.8%
Exelixis, Inc. (a)		2,247		81,925
Gilead Sciences, Inc.		10,222		946,353
Neurocrine Biosciences, Inc. (a)		788		99,879
Vertex Pharmaceuticals, Inc. (a)		1,544		722,793
				1,850,950
Broadline Retail - 5.5%
Amazon.com, Inc. (a)		16,154		3,358,255
eBay, Inc.		3,372		213,414
Etsy, Inc. (a)		489		26,827
				3,598,496
Capital Markets - 0.3%
Cboe Global Markets, Inc.		672		145,051
PJT Partners, Inc. - Class A		202		33,807
				178,858
Chemicals - 2.5%
Balchem Corp.		202		36,465
Ecolab, Inc.		2,052		510,476
RPM International, Inc.		1,092		151,548
Sherwin-Williams Co.		2,325		923,955
				1,622,444
Commercial Services & Supplies - 2.8%
Cintas Corp.		3,600		812,844
Rollins, Inc.		4,204		211,587
Veralto Corp.		1,873		202,640
Waste Management, Inc.		2,717		620,074
				1,847,145
Communications Equipment - 1.2%
Arista Networks, Inc. (a)		1,948		790,537
Consumer Staples Distribution & Retail - 10.9%
Casey's General Stores, Inc.		340		143,103
Costco Wholesale Corp.		3,405		3,309,251
Maplebear, Inc. (a)		2,253		98,389
Walmart, Inc.		38,998		3,607,315
				7,158,058
Distributors - 0.1%
LKQ Corp.		1,713		67,304
Entertainment - 4.8%
Electronic Arts, Inc.		1,937		317,029
Netflix, Inc. (a)		3,203		2,840,452
				3,157,481
Financial Services - 10.4%
Jack Henry & Associates, Inc.		544		95,842
Mastercard, Inc. - Class A		6,290		3,352,193
Visa, Inc. - Class A		10,853		3,419,563
				6,867,598
Ground Transportation - 2.1%
Landstar System, Inc.		237		44,063
Old Dominion Freight Line, Inc.		1,544		347,616
RXO, Inc. (a)		996		30,029
Union Pacific Corp.		3,960		968,854
				1,390,562
Health Care Equipment & Supplies - 3.8%
Becton Dickinson & Co.		1,804		400,308
IDEXX Laboratories, Inc. (a)		744		313,782
Insulet Corp. (a)		501		133,657
Intuitive Surgical, Inc. (a)		2,413		1,307,846
ResMed, Inc.		1,107		275,665
Solventum Corp. (a)		1,314		93,964
STAAR Surgical Co. (a)		348		10,127
				2,535,349
Health Care Providers & Services - 7.7%
CVS Health Corp.		8,404		502,980
HCA Healthcare, Inc.		2,255		737,881
McKesson Corp.		826		519,141
UnitedHealth Group, Inc.		5,447		3,323,759
				5,083,761
Health Care Technology - 0.3%
Veeva Systems, Inc. - Class A (a)		928		211,445
Household Durables - 0.1%
Dream Finders Homes, Inc. - Class A (a)		602		20,029
Meritage Homes Corp.		236		45,092
				65,121
Interactive Media & Services - 6.5%
Alphabet, Inc. - Class C		5,554		946,901
Meta Platforms, Inc. - Class A		5,536		3,179,436
Pinterest, Inc. - Class A (a)		5,282		160,150
				4,286,487
IT Services - 1.5%
Cognizant Technology Solutions Corp. - Class A		3,610		290,569
EPAM Systems, Inc. (a)		127		30,978
Gartner, Inc. (a)		644		333,547
GoDaddy, Inc. - Class A (a)		1,152		227,601
MongoDB, Inc. (a)		372		119,966
				1,002,661
Machinery - 0.1%
Tennant Co.		148		13,079
Toro Co.		707		61,565
				74,644
Media - 0.7%
New York Times Co. - Class A		1,305		70,809
Trade Desk, Inc. - Class A (a)		3,174		408,018
				478,827
Personal Care Products - 0.0%(b)
elf Beauty, Inc. (a)		122		15,801
Pharmaceuticals - 4.1%
Eli Lilly & Co.		3,401		2,704,985
Professional Services - 0.0%(b)
TaskUS, Inc. - Class A (a)		710		10,408
Upwork, Inc. (a)		806		13,678
				24,086
Semiconductors & Semiconductor Equipment - 1.1%
Cirrus Logic, Inc. (a)		411		42,929
Impinj, Inc. (a)		167		32,099
Lam Research Corp.		7,948		587,198
Universal Display Corp.		321		52,811
				715,037
Software - 17.7%
Adobe Systems, Inc. (a)		4,284		2,210,244
Appfolio, Inc. - Class A (a)		265		67,244
Autodesk, Inc. (a)		1,788		521,917
DocuSign, Inc. (a)		1,670		133,082
Fair Isaac Corp. (a)		251		596,133
Fortinet, Inc. (a)		6,604		627,710
HubSpot, Inc. (a)		396		285,536
Manhattan Associates, Inc. (a)		406		115,889
Microsoft Corp.		7,222		3,058,228
Nutanix, Inc. - Class A (a)		2,597		169,532
Palo Alto Networks, Inc. (a)		2,283		885,393
Pegasystems, Inc.		703		66,764
Samsara, Inc. - Class A (a)		3,623		193,794
ServiceNow, Inc. (a)		1,464		1,536,380
Synopsys, Inc. (a)		1,253		699,788
Workday, Inc. - Class A (a)		1,924		480,981
Zuora, Inc. - Class A (a)		1,008		10,009
				11,658,624
Specialty Retail - 5.9%
Camping World Holdings, Inc. - Class A		249		6,086
Home Depot, Inc.		7,874		3,378,970
Stitch Fix, Inc. - Class A (a)		729		3,470
Tractor Supply Co.		810		229,773
Ulta Beauty, Inc. (a)		268		103,619
Williams-Sonoma, Inc.		731		125,747
Winmark Corp.		46		18,948
				3,866,613
Technology Hardware, Storage & Peripherals - 5.2%
Apple, Inc.		13,832		3,282,748
Pure Storage, Inc. - Class A (a)		2,833		150,121
				3,432,869
Textiles, Apparel & Luxury Goods - 0.8%
NIKE, Inc. - Class B		5,901		464,822
Skechers USA, Inc. - Class A (a)		1,059		67,585
Under Armour, Inc. - Class A (a)		2,539		24,654
				557,061
Trading Companies & Distributors - 0.3%
Watsco, Inc.		302		166,583
TOTAL COMMON STOCKS (Cost $53,906,760)				65,835,641
TOTAL INVESTMENTS - 99.9% (Cost $53,906,760)				65,835,641
Other Assets in Excess of Liabilities - 0.1%				107,077
TOTAL NET ASSETS - 100.0%			$	65,942,718
two				–	%
Percentages are stated as a percent of net assets.				–	%
The Global Industry Classification Standard ("GICS®") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

(a)	Non-income producing security.
(b)	Represents less than 0.05% of net assets.

Summary of Fair Value Disclosure as of November 30, 2024 (Unaudited)

Motley Fool Capital Efficiency 100 Index ETF has adopted authoritative fair value accounting standards which establish an authoritative 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 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 would be based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund’s securities as of November 30, 2024:

	Level 1		Level 2		Level 3		Total
Investments:
Common Stocks	$	65,835,641	$	–	$	–	$	65,835,641
Total Investments	$	65,835,641	$	–	$	–	$	65,835,641
Refer to the Schedule of Investments for further disaggregation of investment categories.