RBB Fund NPORT-P Boston Partners Global Equity Fund (Nov 2024 report)

Boston Partners Global Equity Fund
Schedule of Investments
November 30, 2024 (Unaudited)
COMMON STOCKS - 97.1%	Shares		Value
Bermuda - 4.0%
Everest Group Ltd. (a)		8,456	$	3,277,207
Hiscox Ltd.		194,719		2,601,336
RenaissanceRe Holdings Ltd.		12,488		3,573,441
				9,451,984
Canada - 0.8%
Cenovus Energy, Inc.		59,352		940,272
Teck Resources Ltd. - Class B		20,465		955,306
				1,895,578
Finland - 1.3%
Nordea Bank Abp		267,194		3,018,151
France - 12.2%
Airbus Group SE		12,725		1,988,987
Alten SA		10,036		800,865
BNP Paribas SA		57,209		3,419,703
Capgemini SE		14,309		2,300,169
Cie de Saint-Gobain SA		40,551		3,702,679
Cie Generale des Etablissements Michelin SCA		37,020		1,204,367
Eiffage SA		25,420		2,295,182
Rexel SA		134,459		3,475,529
Sanofi SA		16,832		1,634,842
Sodexo SA		20,222		1,679,646
SPIE SA		64,160		2,022,210
TotalEnergies SE		48,672		2,828,819
Vallourec SACA (b)		85,529		1,502,323
				28,855,321
Germany - 6.3%
Commerzbank AG		73,348		1,125,549
Deutsche Telekom AG		125,930		4,028,610
Evonik Industries AG		62,135		1,142,304
Infineon Technologies AG		49,152		1,602,198
Rheinmetall AG		3,582		2,362,669
Siemens AG		24,328		4,725,894
				14,987,224
Greece - 0.5%
Hellenic Telecommunications Organization SA		73,513		1,161,692
Ireland - 1.9%
AIB Group PLC		438,742		2,394,189
Ryanair Holdings PLC - ADR		47,272		2,081,859
				4,476,048
Italy - 1.5%
Enel SpA		312,063		2,247,314
Italgas SpA		229,216		1,374,901
				3,622,215
Japan - 6.0%
Asahi Group Holdings Ltd.		141,600		1,544,507
Fuji Electric Co., Ltd.		21,200		1,197,928
Kansai Paint Co., Ltd.		66,100		943,707
Mitsubishi Chemical Group Corp.		210,400		1,106,937
Mitsubishi UFJ Financial Group, Inc.		109,800		1,310,564
Renesas Electronics Corp.		96,700		1,268,326
Sony Group Corp.		198,400		3,983,144
Sugi Holdings Co., Ltd.		67,500		1,142,356
Sumitomo Mitsui Financial Group, Inc.		67,200		1,658,552
				14,156,021
Netherlands - 3.5%
Aalberts NV		38,524		1,476,791
Akzo Nobel NV		15,828		924,177
Heineken NV		17,305		1,280,915
ING Groep NV		216,557		3,343,063
Koninklijke Ahold NV		38,547		1,329,979
				8,354,925
Singapore - 1.5%
United Overseas Bank Ltd.		135,000		3,665,353
South Korea - 3.2%
Hana Financial Group, Inc.		27,464		1,231,568
KB Financial Group, Inc.		21,183		1,463,004
KT Corp.		76,321		2,681,857
Samsung Fire & Marine Insurance Co. Ltd.		7,559		2,138,573
				7,515,002
Spain - 1.5%
Banco Bilbao Vizcaya Argentaria SA		212,649		2,008,710
Bankinter SA		196,205		1,552,108
				3,560,818
Sweden - 1.2%
Loomis AB		40,979		1,255,534
Svenska Handelsbanken AB - Class A		164,504		1,710,910
				2,966,444
Switzerland - 2.0%
Glencore PLC		294,480		1,425,925
Sandoz Group AG		72,459		3,311,401
				4,737,326
United Kingdom - 18.4%
AstraZeneca PLC		13,169		1,782,342
Barratt Developments PLC		376,698		2,051,505
Beazley PLC		273,724		2,704,329
Coca-Cola Europacific Partners PLC		40,915		3,174,186
Hikma Pharmaceuticals PLC		71,030		1,739,327
IMI PLC		131,680		3,050,489
Inchcape PLC		138,319		1,355,527
Informa PLC		202,647		2,210,703
Marks & Spencer Group PLC		563,479		2,746,745
Melrose Industries PLC		233,059		1,705,352
NatWest Group PLC		741,747		3,804,654
Nomad Foods Ltd.		98,718		1,807,526
Shell PLC		103,216		3,317,042
SSE PLC		128,781		2,904,413
Tesco PLC		1,009,850		4,710,397
Travis Perkins PLC (b)		79,867		772,867
Weir Group PLC		89,249		2,525,077
WH Smith PLC		76,437		1,196,319
				43,558,800
United States - 31.3%(c)
AbbVie, Inc. (a)		16,219		2,966,942
Amgen, Inc.		9,399		2,658,695
Beacon Roofing Supply, Inc. (b)		16,959		1,916,706
Centene Corp. (b)		13,633		817,980
Chubb Ltd.		11,466		3,310,578
Cigna Group		4,833		1,632,587
Cisco Systems, Inc.		32,933		1,949,963
ConocoPhillips		13,680		1,482,091
CRH PLC		68,673		7,045,584
Elevance Health, Inc.		1,969		801,304
Expedia Group, Inc. (b)		6,310		1,164,952
Fidelity National Information Services, Inc.		47,055		4,013,791
Fifth Third Bancorp		61,295		2,945,838
Gap, Inc. (a)		54,881		1,330,864
Gen Digital, Inc.		85,376		2,633,850
Goldman Sachs Group, Inc. (a)		6,389		3,888,154
HCA Healthcare, Inc.		3,365		1,101,095
Huntington Bancshares, Inc.		163,852		2,950,975
J M Smucker Co.		16,876		1,987,824
Jacobs Solutions, Inc.		6,627		935,931
Johnson & Johnson		9,879		1,531,344
JPMorgan Chase & Co.		13,340		3,331,265
Kellanova		15,555		1,264,466
Schlumberger Ltd. (a)		56,152		2,467,319
Southern Co.		26,769		2,385,921
Sysco Corp.		20,457		1,577,439
TE Connectivity PLC		7,419		1,121,159
Textron, Inc.		38,276		3,277,574
United Rentals, Inc.		1,641		1,421,106
US Foods Holding Corp. (b)		64,025		4,467,024
Victoria's Secret & Co. (a)(b)		30,251		1,174,949
Zimmer Biomet Holdings, Inc.		22,637		2,537,608
				74,092,878
TOTAL COMMON STOCKS (Cost $182,839,971)				230,075,780
SHORT-TERM INVESTMENTS - 3.6%			Value
Investments Purchased with Proceeds from Securities Lending - 3.6%	Units
Mount Vernon Liquid Assets Portfolio, LLC, 4.64% (d)		8,540,919		8,540,919
TOTAL SHORT-TERM INVESTMENTS (Cost $8,540,919)				8,540,919
TOTAL INVESTMENTS - 100.7% (Cost $191,380,890)				238,616,699
Liabilities in Excess of Other Assets - (0.7)%				(1,603,828	)
TOTAL NET ASSETS - 100.0%			$	237,012,871
two				–	%
Percentages are stated as a percent of net assets.				–	%

AB - Aktiebolag

ADR - American Depositary Receipt

AG - Aktiengesellschaft

NV - Naamloze Vennootschap

PLC - Public Limited Company

SA - Sociedad Anónima

SE - Societas Europeae

SpA - Societa per Azioni

(a)	All or a portion of this security is on loan as of November 30, 2024. The total market value of these securities was $8,534,135 which represented 3.6% of net assets.
(b)	Non-income producing security.
(c)	To the extent that the Fund invests a significant portion of its assets in the securities of companies of a single country or region, it is more likely to be impacted by events or conditions affecting the country or region.
(d)	The rate shown represents the 7-day annualized effective yield as of November 30, 2024.

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

Boston Partners Global Equity Fund 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	$	87,835,904	$	142,239,876	$	–	$	230,075,780
Investments Purchased with Proceeds from Securities Lending(a)		–		–		–		8,540,919
Total Investments	$	87,835,904	$	142,239,876	$	–	$	238,616,699
Refer to the Schedule of Investments for further disaggregation of investment categories.

(a) Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amount of $8,540,919 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.