0001145549-21-003870.txt : 20210128 0001145549-21-003870.hdr.sgml : 20210128 20210128112901 ACCESSION NUMBER: 0001145549-21-003870 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20201130 FILED AS OF DATE: 20210128 PERIOD START: 20210831 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: 21563109 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 0000831114 S000068716 SGI Prudent Growth Fund C000219686 Class I Shares SGPGX NPORT-P 1 primary_doc.xml NPORT-P false 0000831114 XXXXXXXX S000068716 C000219686 RBB Fund, Inc. 811-05518 0000831114 5493005KKD0GVHSW0D29 615 East Michigan Street Milwaukee 53202 414-765-5366 SGI Prudent Growth Fund S000068716 549300PWSCAUG0IECM36 2021-08-31 2020-11-30 N 7897131.290000000000 87139.960000000000 7809991.330000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 N Invesco QQQ Trust Series 1 549300VY6FEJBCIMET58 Invesco QQQ Trust Series 1 46090E103 860.000000000000 NS USD 257673.200000000000 3.2992763898 Long EC RF US N 1 N N N iShares Core U.S. Aggregate Bo 549300F7VSXTKBGHJE47 iShares Core U.S. Aggregate Bond ETF 464287226 20320.000000000000 NS USD 2406294.400000000000 30.8104618600 Long EC RF US N 1 N N N iShares 20+ Year Treasury Bond 549300WWURKS1JGBZU59 iShares 20+ Year Treasury Bond ETF 464287432 190.000000000000 NS USD 30403.800000000000 0.3892936460 Long EC RF US N 1 N N N iShares MSCI EAFE Min Vol Fact 549300N5K4JSWEZ74544 iShares Edge MSCI Min Vol EAFE ETF 46429B689 1030.000000000000 NS USD 73387.500000000000 0.9396617346 Long EC RF US N 1 N N N iShares MSCI USA Min Vol Facto 54930006KUZN6GLGL496 iShares Edge MSCI Min Vol USA ETF 46429B697 4550.000000000000 NS USD 303257.500000000000 3.8829428508 Long EC RF US N 1 N N N iShares Core 1-5 Year USD Bond 549300EL16PGODA21E74 iShares Core 1-5 Year USD Bond ETF 46432F859 660.000000000000 NS USD 34082.400000000000 0.4363948506 Long EC RF US N 1 N N N iShares MSCI USA Small-Cap Min N/A iShares Edge MSCI Min Vol USA Small Cap ETF 46435G433 4760.000000000000 NS USD 153224.400000000000 1.9619023060 Long EC RF US N 1 N N N iShares Broad USD High Yield C 549300X7H67ZLUE3IZ46 iShares Broad USD High Yield Corporate Bond ETF 46435U853 3810.000000000000 NS USD 155105.100000000000 1.9859829985 Long EC RF US N 1 N N N SGI US Small Cap Equity Fund 5493009IZWUG3SAWVN25 SGI US Small Cap Equity Fund 74925K268 103961.275000000000 NS USD 1069761.520000000000 13.6973458074 Long EC RF US N 1 N N N SGI Global Equity Fund 549300DNUERQRPHVZJ44 SGI Global Equity Fund 74925K417 46515.463000000000 NS USD 1556407.390000000000 19.9284138002 Long EC RF US N 1 N N N SGI US Large Cap Equity Fund 549300KYBUGA4WTA3A58 SGI US Large Cap Equity Fund 74925K524 70194.075000000000 NS USD 1399669.860000000000 17.9215289859 Long EC RF US N 1 N N N U.S. Bank Money Market Deposit Account N/A U.S. Bank Money Market Deposit Account 8AMMF0A92 174555.530000000000 NS USD 174555.530000000000 2.2350284735 Long STIV RF US N 1 N N N Vanguard Dividend Appreciation N/A Vanguard Dividend Appreciation ETF 921908844 1390.000000000000 NS USD 192320.400000000000 2.4624918502 Long EC RF US N 1 N N N 2021-01-28 RBB Fund, Inc. /s/ James G. Shaw RBB Fund, Inc. Treasurer XXXX NPORT-EX 2 prudent_growth.htm NPORT-EX


SGI PRUDENT GROWTH FUND
  
   
PORTFOLIO OF INVESTMENTS
  
NOVEMBER 30, 2020 (UNAUDITED)
  
   
             
   
NUMBER
        
   
OF SHARES
    
VALUE
  
EXCHANGE-TRADED FUNDS - 46.5%
            
Invesco QQQ Trust Series 1
    
830
    
$
248,685
  
iShares 20+ Year Treasury Bond ETF
    
180
      
28,804
  
iShares Broad USD High Yield Corporate Bond ETF
    
3,680
      
149,813
  
iShares Core 1-5 Year USD Bond ETF
    
630
      
32,533
  
iShares Core U.S. Aggregate Bond ETF
    
19,570
      
2,317,479
  
iShares Edge MSCI Min Vol EAFE ETF
    
1,000
      
71,250
  
iShares Edge MSCI Min Vol USA ETF
    
4,410
      
293,926
  
iShares MSCI USA Small-Cap Min Vol Factor ETF
    
4,610
      
148,396
  
Vanguard Dividend Appreciation ETF
    
1,350
      
186,786
  
             
3,477,672
  
TOTAL EXCHANGE-TRADED FUNDS
                
(Cost $3,373,532)
            
3,477,672
  
MUTUAL FUNDS - 51.5%
                
SGI Global Equity Fund, Class I
    
44,494
      
1,488,754
  
SGI US Large Cap Equity Fund, Class I
    
66,968
      
1,335,350
  
SGI US Small Cap Equity Fund, Class I
    
100,123
      
1,030,266
  
             
3,854,370
  
TOTAL MUTUAL FUNDS
                
(Cost $3,525,825)
            
3,854,370
  
SHORT-TERM INVESTMENTS - 2.3%
                
U.S. Bank Money Market Deposit Account, 0.03%(a)
    
174,556
      
174,556
  
TOTAL SHORT-TERM INVESTMENTS
                
(Cost $174,556)
            
174,556
  
TOTAL INVESTMENTS - 100.3%
                
(Cost $7,073,913)
            
7,506,598
  
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.3)%
            
(23,328
)
NET ASSETS - 100.0%
          
$
7,483,270
  

(a)
The rate shown is as of November 30, 2020.
              
ETF
Exchange-Traded Funds
              
       
The accompanying notes are an integral part of the portfolio of investments.


SUMMIT GLOBAL INVESTMENTS, LLC
PORTFOLIO OF INVESTMENTS
NOVEMBER 30, 2020 (UNAUDITED)

 


PORTFOLIO VALUATION – Investments in the underlying fund are valued at the SGI Prudent Growth Fund ("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. Investments in Exchange-Traded Funds ("ETFs") are valued at their last reported sale price. Investments in other open-end investment companies, if any, are valued based on the NAV of those investment companies (which may use fair value pricing as disclosed in their prospectuses). If market quotations are unavailable or deemed unreliable, securities will be valued in accordance with procedures adopted by the RBB Fund, Inc.’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.

FAIR VALUE MEASUREMENTS – The inputs and valuation techniques used to measure the 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 Funds' 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, 2020, in valuing each Fund's investments carried at fair value:
      

   
TOTAL
    
LEVEL 1
    
LEVEL 2
    
LEVEL 3
  
SGI Prudent Growth Fund
                        
Exchange-Traded Funds
  
$
3,477,672
    
$
3,477,672
    
$
-
    
$
-
  
Mutual Funds
    
3,854,370
      
3,854,370
      
-
      
-
  
Short-Term Investments
    
174,556
      
174,556
      
-
      
-
  
Total Investments*
  
$
7,506,598
    
$
7,506,598
    
$
-
    
$
-
  
 
                                
* Please refer to Portfolio of Investments for further details.
                          

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 Levels 1, 2 and 3 assets and liabilities on a quarterly basis for changes in listings or delistings on national exchanges.

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.

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 if a 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.

During the current fiscal period, the Fund had no Level 3 transfers.
              
                 
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.