BOSTON PARTNERS INVESTMENT FUNDS
|
|||||||||
BOSTON PARTNERS LONG/SHORT EQUITY FUND
|
|||||||||
PORTFOLIO OF INVESTMENTS
|
|||||||||
MAY 31, 2021 (UNAUDITED)
|
|||||||||
NUMBER OF
|
|||||||||
SHARES
|
VALUE
|
||||||||
LONG POSITIONS—110.4%
|
|||||||||
COMMON STOCKS—99.1%
|
|||||||||
Communication Services—3.3%
|
|||||||||
Baidu, Inc. - SP ADR*
|
1,403
|
$
|
275,367
|
||||||
Entravision Communications Corp., Class A
|
115,491
|
539,343
|
|||||||
Facebook, Inc., Class A*Ɨ
|
4,063
|
1,335,630
|
|||||||
2,150,340
|
|||||||||
Consumer Discretionary—13.8%
|
|||||||||
1-800-Flowers.com, Inc., Class A*(a)
|
8,341
|
254,150
|
|||||||
Alibaba Group Holding Ltd. - SP ADR*
|
4,351
|
930,940
|
|||||||
Arcos Dorados Holdings, Inc., Class A
|
48,497
|
313,776
|
|||||||
AutoZone, Inc.*
|
290
|
407,914
|
|||||||
Caleres, Inc.Ɨ
|
15,880
|
398,270
|
|||||||
Carriage Services, Inc.(a)Ɨ
|
11,322
|
434,312
|
|||||||
Carter's, Inc.
|
3,211
|
328,293
|
|||||||
eBay, Inc.
|
8,220
|
500,434
|
|||||||
Hanesbrands, Inc.Ɨ
|
27,683
|
540,926
|
|||||||
Hooker Furniture Corp.(a)
|
9,679
|
346,992
|
|||||||
JD.com, Inc. - ADR*
|
4,428
|
327,406
|
|||||||
Kindred Group PLC
|
18,658
|
319,957
|
|||||||
LKQ Corp.*Ɨ
|
12,003
|
611,673
|
|||||||
Mohawk Industries, Inc.*
|
2,805
|
590,957
|
|||||||
Perdoceo Education Corp.*
|
33,722
|
411,071
|
|||||||
Skechers U.S.A., Inc., Class A*Ɨ
|
7,301
|
346,797
|
|||||||
Stellantis NV(a)
|
17,996
|
352,182
|
|||||||
Stride, Inc.*(a)Ɨ
|
49,285
|
1,324,781
|
|||||||
Vipshop Holdings Ltd. - ADR*
|
12,007
|
277,722
|
|||||||
9,018,553
|
|||||||||
Consumer Staples—1.3%
|
|||||||||
Coca-Cola Europacific Partners PLC
|
5,521
|
334,131
|
|||||||
Herbalife Nutrition Ltd.*
|
6,569
|
345,332
|
|||||||
SpartanNash Co.(a)
|
7,951
|
166,733
|
|||||||
846,196
|
|||||||||
Energy—6.9%
|
|||||||||
Canadian Natural Resources Ltd.(a)Ɨ
|
35,506
|
1,229,218
|
|||||||
Devon Energy Corp.
|
17,061
|
453,140
|
|||||||
Marathon Petroleum Corp.
|
14,916
|
921,809
|
|||||||
Phillips 66Ɨ
|
7,089
|
597,035
|
|||||||
Schlumberger Ltd.
|
17,866
|
559,742
|
|||||||
Solaris Oilfield Infrastructure, Inc., Class AƗ
|
19,703
|
196,833
|
|||||||
Teekay LNG Partners LP
|
14,272
|
222,072
|
|||||||
World Fuel Services Corp.
|
11,383
|
349,800
|
|||||||
4,529,649
|
|||||||||
Financials—18.2%
|
|||||||||
Aflac, Inc.
|
4,838
|
274,218
|
|||||||
American International Group, Inc.Ɨ
|
7,494
|
395,983
|
|||||||
Arthur J Gallagher & Co.
|
2,154
|
315,798
|
|||||||
Bank of America Corp.Ɨ
|
18,117
|
767,980
|
|||||||
Bank OZKƗ
|
12,829
|
547,927
|
|||||||
Berkshire Hathaway, Inc., Class B*Ɨ
|
2,182
|
631,558
|
|||||||
BGC Partners, Inc., Class AƗ
|
153,053
|
903,013
|
|||||||
Charles Schwab Corp., (The)#
|
4,637
|
342,442
|
|||||||
Citigroup, Inc.Ɨ
|
12,892
|
1,014,729
|
|||||||
Diamond Hill Investment Group, Inc.
|
1,591
|
279,077
|
|||||||
Enova International, Inc.*
|
11,883
|
450,009
|
|||||||
Evercore, Inc., Class A
|
3,883
|
566,374
|
|||||||
Granite Point Mortgage Trust, Inc.Ɨ
|
22,907
|
329,403
|
|||||||
Heritage Insurance Holdings, Inc.Ɨ
|
82,158
|
684,376
|
|||||||
Jefferies Financial Group, Inc.Ɨ
|
23,961
|
769,867
|
|||||||
KB Financial Group, Inc. - ADR(a)
|
11,843
|
609,796
|
|||||||
Ladder Capital Corp.Ɨ
|
15,281
|
178,788
|
|||||||
Morgan StanleyƗ
|
7,249
|
659,296
|
|||||||
Stifel Financial Corp.(a)Ɨ
|
14,888
|
1,031,441
|
|||||||
SVB Financial Group*
|
656
|
382,376
|
|||||||
Universal Insurance Holdings, Inc.Ɨ
|
14,449
|
203,731
|
|||||||
Western Alliance Bancorp
|
5,717
|
571,757
|
|||||||
11,909,939
|
|||||||||
Health Care—17.0%
|
|||||||||
Amgen, Inc.
|
1,357
|
322,885
|
|||||||
Anthem, Inc.Ɨ
|
2,558
|
1,018,647
|
|||||||
Bausch Health Cos., Inc.*
|
24,496
|
787,791
|
|||||||
Centene Corp.*
|
7,005
|
515,568
|
|||||||
Cigna Corp.Ɨ
|
3,017
|
780,951
|
|||||||
CVS Health Corp.Ɨ
|
12,420
|
1,073,585
|
|||||||
Hanger, Inc.*Ɨ
|
24,974
|
645,078
|
|||||||
Harrow Health, Inc.*(a)Ɨ
|
46,741
|
430,017
|
|||||||
HCA Healthcare, Inc.Ɨ
|
3,784
|
812,765
|
|||||||
Henry Schein, Inc.*
|
6,574
|
499,887
|
|||||||
Jazz Pharmaceuticals PLC*
|
2,149
|
382,801
|
|||||||
Johnson & JohnsonƗ
|
4,585
|
776,011
|
|||||||
Medtronic PLCƗ
|
4,449
|
563,199
|
|||||||
Novartis AG - SP ADRƗ
|
10,229
|
904,039
|
|||||||
Syneos Health, Inc.*
|
3,744
|
329,098
|
|||||||
UnitedHealth Group, Inc.Ɨ
|
1,511
|
622,411
|
|||||||
Universal Health Services, Inc., Class B
|
4,346
|
693,752
|
|||||||
11,158,485
|
|||||||||
Industrials—13.6%
|
|||||||||
Acuity Brands, Inc.(a)
|
1,782
|
331,006
|
|||||||
AerCap Holdings NV*Ɨ
|
5,097
|
300,723
|
|||||||
ASGN, Inc.*(a)
|
3,158
|
325,558
|
|||||||
Barrett Business Services, Inc.Ɨ
|
6,647
|
495,002
|
|||||||
Builders FirstSource, Inc.*(a)Ɨ
|
12,110
|
539,379
|
|||||||
CACI International, Inc., Class A*
|
1,673
|
426,548
|
|||||||
China Yuchai International Ltd.
|
20,481
|
327,286
|
|||||||
Forward Air Corp.
|
3,066
|
297,065
|
|||||||
Gibraltar Industries, Inc.*
|
3,752
|
298,096
|
|||||||
Graham Corp.Ɨ
|
17,025
|
250,097
|
|||||||
Heidrick & Struggles International, Inc.Ɨ
|
8,788
|
378,236
|
|||||||
Insperity, Inc.
|
4,657
|
429,329
|
|||||||
JetBlue Airways Corp.*Ɨ
|
22,628
|
454,823
|
|||||||
KBR, Inc.Ɨ
|
8,276
|
337,164
|
|||||||
Kelly Services, Inc., Class A*Ɨ
|
16,665
|
427,791
|
|||||||
Lockheed Martin Corp.
|
1,308
|
499,918
|
|||||||
Primoris Services Corp.
|
12,876
|
409,328
|
|||||||
Quanta Services, Inc.(a)
|
7,200
|
686,520
|
|||||||
Science Applications International Corp.
|
2,357
|
211,800
|
|||||||
Snap-on, Inc.(a)
|
2,301
|
585,881
|
|||||||
UFP Industries, Inc.
|
6,177
|
491,195
|
|||||||
Vectrus, Inc.*
|
8,229
|
419,844
|
|||||||
8,922,589
|
|||||||||
Information Technology—18.5%
|
|||||||||
Akamai Technologies, Inc.*Ɨ
|
3,338
|
381,233
|
|||||||
Applied Materials, Inc.#
|
3,406
|
470,471
|
|||||||
Arrow Electronics, Inc.*
|
2,780
|
334,517
|
|||||||
Box, Inc., Class A*
|
12,685
|
295,687
|
|||||||
Capgemini SE - ADRƗ
|
10,879
|
403,067
|
|||||||
Cass Information Systems, Inc.(a)
|
8,034
|
366,591
|
|||||||
Cisco Systems, Inc.
|
6,791
|
359,244
|
|||||||
Cognizant Technology Solutions Corp., Class AƗ
|
7,833
|
560,529
|
|||||||
Concentrix Corp.*
|
4,566
|
697,320
|
|||||||
Dolby Laboratories, Inc. Class AƗ
|
2,887
|
281,598
|
|||||||
EchoStar Corp., Class A*(a)Ɨ
|
10,763
|
285,112
|
|||||||
EVERTEC, Inc.Ɨ
|
13,162
|
572,942
|
|||||||
Fabrinet*
|
8,318
|
746,041
|
|||||||
Fidelity National Information Services, Inc.
|
1,913
|
284,999
|
|||||||
FleetCor Technologies, Inc.*
|
967
|
265,383
|
|||||||
Hackett Group Inc., (The)Ɨ
|
26,257
|
467,637
|
|||||||
Hollysys Automation Technologies Ltd.
|
21,223
|
286,511
|
|||||||
HP, Inc.Ɨ
|
9,133
|
266,958
|
|||||||
InterDigital, Inc.(a)
|
7,090
|
572,730
|
|||||||
Open Text Corp.
|
12,711
|
597,163
|
|||||||
Oracle Corp.Ɨ
|
10,511
|
827,636
|
|||||||
Perficient, Inc.*(a)
|
6,457
|
462,257
|
|||||||
Qorvo, Inc.*
|
2,011
|
367,450
|
|||||||
Super Micro Computer, Inc.*Ɨ
|
10,313
|
358,274
|
|||||||
SYNNEX Corp.
|
4,566
|
578,056
|
|||||||
Telefonaktiebolaget LM Ericsson - SP ADRƗ
|
39,733
|
533,614
|
|||||||
Zebra Technologies Corp., Class A*Ɨ
|
982
|
488,103
|
|||||||
12,111,123
|
|||||||||
Materials—2.8%
|
|||||||||
Berry Global Group, Inc.*(a)Ɨ
|
9,760
|
665,729
|
|||||||
Dundee Precious Metals, Inc.
|
37,089
|
270,481
|
|||||||
POSCO - SP ADR(a)
|
3,790
|
303,617
|
|||||||
Rio Tinto PLC - SP ADRƗ
|
3,446
|
301,284
|
|||||||
Ternium SA - SP ADRƗ
|
8,194
|
299,982
|
|||||||
1,841,093
|
|||||||||
Real Estate—3.7%
|
|||||||||
Jones Lang LaSalle, Inc.*(a)
|
1,629
|
329,465
|
|||||||
Medical Properties Trust, Inc.Ɨ
|
11,716
|
248,028
|
|||||||
Newmark Group, Inc., Class AƗ
|
82,988
|
1,070,545
|
|||||||
RE/MAX Holdings, Inc., Class A
|
12,515
|
438,150
|
|||||||
Simon Property Group, Inc.(a)
|
2,549
|
327,521
|
|||||||
2,413,709
|
|||||||||
TOTAL COMMON STOCKS
|
|||||||||
(Cost $36,749,733)
|
64,901,676
|
||||||||
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL—11.3%
|
|||||||||
Mount Vernon Liquid Assets Portfolio, LLC, 0.09%(b)
|
7,402,784
|
7,402,784
|
|||||||
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL
|
|||||||||
(Cost $7,402,784)
|
7,402,784
|
||||||||
SHORT-TERM INVESTMENTS—0.0%
|
|||||||||
U.S. Bank Money Market Deposit Account, 0.01%(b)
|
900
|
900
|
|||||||
TOTAL SHORT-TERM INVESTMENTS
|
|||||||||
(Cost $900)
|
900
|
||||||||
TOTAL LONG POSITIONS—110.4%
|
|||||||||
(Cost $44,153,417)
|
72,305,360
|
||||||||
SECURITIES SOLD SHORT—(40.5%)
|
|||||||||
COMMON STOCKS—(39.8%)
|
|||||||||
Communication Services—(3.7%)
|
|||||||||
CTC Communications Group, Inc.*
|
(98,900
|
)
|
0
|
||||||
Netflix, Inc.*
|
(1,898
|
)
|
(954,333
|
)
|
|||||
Roku, Inc.*
|
(2,336
|
)
|
(809,915
|
)
|
|||||
Skillz, Inc.*
|
(11,196
|
)
|
(190,220
|
)
|
|||||
Spotify Technology SA*
|
(1,137
|
)
|
(274,665
|
)
|
|||||
ZoomInfo Technologies, Inc., Class A*
|
(4,039
|
)
|
(177,029
|
)
|
|||||
(2,406,162
|
)
|
||||||||
Consumer Discretionary—(11.9%)
|
|||||||||
Arcimoto, Inc.*
|
(20,612
|
)
|
(200,967
|
)
|
|||||
CarParts.com, Inc.*
|
(16,729
|
)
|
(273,352
|
)
|
|||||
Carvana Co.*
|
(3,959
|
)
|
(1,049,491
|
)
|
|||||
Dave & Buster's Entertainment, Inc.*
|
(6,539
|
)
|
(276,469
|
)
|
|||||
DoorDash, Inc., Class A*
|
(1,296
|
)
|
(194,763
|
)
|
|||||
GameStop Corp., Class A*
|
(4,581
|
)
|
(1,016,982
|
)
|
|||||
Lululemon Athletica, Inc.*
|
(960
|
)
|
(310,205
|
)
|
|||||
MarineMax, Inc.*
|
(3,083
|
)
|
(158,559
|
)
|
|||||
Papa John's International, Inc.
|
(6,213
|
)
|
(583,711
|
)
|
|||||
Peloton Interactive, Inc., Class A*
|
(2,448
|
)
|
(270,039
|
)
|
|||||
Planet Fitness, Inc., Class A*
|
(11,128
|
)
|
(876,553
|
)
|
|||||
Qsound Labs, Inc.*
|
(4,440
|
)
|
0
|
||||||
RealReal, Inc., (The)*
|
(21,813
|
)
|
(381,073
|
)
|
|||||
Shake Shack, Inc., Class A*
|
(4,798
|
)
|
(450,916
|
)
|
|||||
Sonos, Inc.*
|
(8,813
|
)
|
(326,081
|
)
|
|||||
Stitch Fix, Inc., Class A*
|
(2,140
|
)
|
(114,404
|
)
|
|||||
Tesla Motors, Inc.*
|
(1,694
|
)
|
(1,059,123
|
)
|
|||||
Wayfair, Inc., Class A*
|
(905
|
)
|
(277,419
|
)
|
|||||
(7,820,107
|
)
|
||||||||
Consumer Staples—(2.3%)
|
|||||||||
22nd Century Group, Inc.*
|
(35,618
|
)
|
(160,281
|
)
|
|||||
Amish Naturals, Inc.*
|
(25,959
|
)
|
0
|
||||||
Beyond Meat, Inc.*
|
(2,206
|
)
|
(320,797
|
)
|
|||||
Laird Superfood, Inc.*
|
(7,545
|
)
|
(246,571
|
)
|
|||||
National Beverage Corp.
|
(4,255
|
)
|
(212,452
|
)
|
|||||
SunOpta, Inc.*
|
(20,140
|
)
|
(251,750
|
)
|
|||||
Tattooed Chef, Inc.*
|
(14,644
|
)
|
(311,624
|
)
|
|||||
(1,503,475
|
)
|
||||||||
Energy—(0.0%)
|
|||||||||
Beard Co.*
|
(9,710
|
)
|
(45
|
)
|
|||||
Financials—(0.8%)
|
|||||||||
Lemonade, Inc.*
|
(2,855
|
)
|
(258,292
|
)
|
|||||
Upstart Holdings, Inc.*
|
(1,841
|
)
|
(272,873
|
)
|
|||||
(531,165
|
)
|
||||||||
Health Care—(3.9%)
|
|||||||||
10X Genomics, Inc., Class A*
|
(2,905
|
)
|
(522,900
|
)
|
|||||
Aspira Women's Health, Inc.*
|
(62,946
|
)
|
(351,868
|
)
|
|||||
AtriCure, Inc.*
|
(6,502
|
)
|
(485,894
|
)
|
|||||
Bionano Genomics, Inc.*
|
(14,306
|
)
|
(88,268
|
)
|
|||||
BodyTel Scientific, Inc.*
|
(4,840
|
)
|
(1
|
)
|
|||||
Cardiff Oncology, Inc.*
|
(6,287
|
)
|
(52,811
|
)
|
|||||
CareView Communications, Inc.*
|
(174,320
|
)
|
(26,340
|
)
|
|||||
Glaukos Corp.*
|
(5,006
|
)
|
(368,341
|
)
|
|||||
Heska Corp.*
|
(1,797
|
)
|
(356,076
|
)
|
|||||
iRhythm Technologies, Inc.*
|
(1,728
|
)
|
(130,395
|
)
|
|||||
Zomedica Corp.*
|
(182,247
|
)
|
(153,087
|
)
|
|||||
(2,535,981
|
)
|
||||||||
Industrials—(3.2%)
|
|||||||||
AAON, Inc.
|
(4,269
|
)
|
(282,821
|
)
|
|||||
Applied Energetics, Inc.*
|
(39,131
|
)
|
(29,495
|
)
|
|||||
Blue Bird Corp.*
|
(10,273
|
)
|
(268,742
|
)
|
|||||
Capstone Green Energy Corp.*
|
(341
|
)
|
(2,469
|
)
|
|||||
Corporate Resource Services, Inc.*
|
(218,896
|
)
|
(328
|
)
|
|||||
DynaMotive Energy Systems Corp.*
|
(72,185
|
)
|
(7
|
)
|
|||||
Ener1, Inc.*
|
(102,820
|
)
|
(10
|
)
|
|||||
HyreCar, Inc.*
|
(29,316
|
)
|
(481,076
|
)
|
|||||
Omega Flex, Inc.
|
(2,812
|
)
|
(413,505
|
)
|
|||||
Sunrun, Inc.*
|
(6,577
|
)
|
(294,123
|
)
|
|||||
Valence Technology, Inc.*
|
(27,585
|
)
|
(3
|
)
|
|||||
Virgin Galactic Holdings, Inc.*
|
(9,179
|
)
|
(286,660
|
)
|
|||||
(2,059,239
|
)
|
||||||||
Information Technology—(13.1%)
|
|||||||||
8x8, Inc.*
|
(13,728
|
)
|
(323,294
|
)
|
|||||
Alteryx, Inc., Class A*
|
(2,437
|
)
|
(189,525
|
)
|
|||||
Anaplan, Inc.*
|
(3,782
|
)
|
(194,811
|
)
|
|||||
ANTs software, Inc.*
|
(10,334
|
)
|
(1
|
)
|
|||||
Appfolio, Inc., Class A*
|
(2,040
|
)
|
(275,176
|
)
|
|||||
Appian Corp.*
|
(5,874
|
)
|
(531,480
|
)
|
|||||
Bill.com Holdings, Inc.*
|
(1,737
|
)
|
(258,674
|
)
|
|||||
Bit Digital, Inc.*
|
(17,678
|
)
|
(149,379
|
)
|
|||||
Ceridian HCM Holding, Inc.*
|
(4,070
|
)
|
(364,102
|
)
|
|||||
Consygen, Inc.*
|
(200
|
)
|
0
|
||||||
Coupa Software, Inc.*
|
(1,639
|
)
|
(390,410
|
)
|
|||||
Cree, Inc.*
|
(7,204
|
)
|
(720,472
|
)
|
|||||
Everbridge, Inc.*
|
(1,749
|
)
|
(205,507
|
)
|
|||||
Fastly, Inc., Class A*
|
(4,138
|
)
|
(195,272
|
)
|
|||||
Ideanomics, Inc.*
|
(73,528
|
)
|
(211,761
|
)
|
|||||
Impinj, Inc.*
|
(5,092
|
)
|
(265,039
|
)
|
|||||
Inseego Corp.*
|
(26,399
|
)
|
(227,031
|
)
|
|||||
Interliant, Inc.*
|
(600
|
)
|
0
|
||||||
Marathon Digital Holdings, Inc.*
|
(9,099
|
)
|
(225,382
|
)
|
|||||
MicroVision, Inc.*
|
(15,450
|
)
|
(241,020
|
)
|
|||||
MongoDB, Inc.*
|
(1,227
|
)
|
(358,210
|
)
|
|||||
Nestor, Inc.*
|
(15,200
|
)
|
(2
|
)
|
|||||
Okta, Inc.*
|
(1,634
|
)
|
(363,467
|
)
|
|||||
PROS Holdings, Inc.*
|
(5,171
|
)
|
(229,437
|
)
|
|||||
Q2 Holdings, Inc.*
|
(3,081
|
)
|
(292,479
|
)
|
|||||
Rapid7, Inc.*
|
(4,611
|
)
|
(385,710
|
)
|
|||||
RingCentral, Inc., Class A*
|
(857
|
)
|
(224,937
|
)
|
|||||
Riot Blockchain, Inc.*
|
(13,910
|
)
|
(377,378
|
)
|
|||||
Shopify, Inc., Class A*
|
(202
|
)
|
(251,060
|
)
|
|||||
Splunk, Inc.*
|
(1,943
|
)
|
(235,492
|
)
|
|||||
Square, Inc., Class A*
|
(1,104
|
)
|
(245,662
|
)
|
|||||
SVMK, Inc.*
|
(14,197
|
)
|
(276,132
|
)
|
|||||
Tiger Telematics, Inc.*
|
(6,510
|
)
|
0
|
||||||
Uni-Pixel, Inc.*
|
(19,665
|
)
|
(133
|
)
|
|||||
Worldgate Communications, Inc.*
|
(582,655
|
)
|
(58
|
)
|
|||||
Xybernaut Corp.*
|
(34,156
|
)
|
0
|
||||||
Zoom Video Communications, Inc., Class A*
|
(661
|
)
|
(219,141
|
)
|
|||||
Zscaler, Inc.*
|
(699
|
)
|
(135,746
|
)
|
|||||
(8,563,380
|
)
|
||||||||
Materials—(0.3%)
|
|||||||||
Louisiana-Pacific Corp.
|
(3,148
|
)
|
(211,577
|
)
|
|||||
Mountain Province Diamonds, Inc.*
|
(4,735
|
)
|
(1,862
|
)
|
|||||
(213,439
|
)
|
||||||||
Real Estate—(0.4%)
|
|||||||||
Redfin Corp.*
|
(4,726
|
)
|
(278,976
|
)
|
|||||
Utilities—(0.2%)
|
|||||||||
Cadiz, Inc.*
|
(10,837
|
)
|
(149,117
|
)
|
|||||
TOTAL COMMON STOCKS
|
|||||||||
(Proceeds $(23,958,606))
|
(26,061,086
|
)
|
|||||||
EXCHANGE TRADED FUNDS—(0.7%)
|
|||||||||
Finance and Insurance—(0.7%)
|
|||||||||
iShares 20+ Year Treasury Bond ETF
|
(3,314
|
)
|
(458,790
|
)
|
|||||
TOTAL EXCHANGE TRADED FUNDS
|
|||||||||
(Proceeds $(563,389))
|
(458,790
|
)
|
|||||||
TOTAL SECURITIES SOLD SHORT—(40.5%)
|
|||||||||
(Proceeds $(24,521,995))
|
(26,519,876
|
)
|
|||||||
NUMBER OF
|
NOTIONAL
|
||||||||
CONTRACTS
|
AMOUNT
|
||||||||
OPTIONS WRITTEN ƗƗ—(0.4%)
|
|||||||||
Call Options Written—(0.4%)
|
|||||||||
AMC Entertainment Holdings, Inc.
|
|||||||||
Expiration:
|
|||||||||
06/18/2021,
|
|||||||||
Exercise Price:
|
|||||||||
17.00
|
(137
|
)
|
(357,844)
|
(152,070
|
)
|
||||
Applied Materials, Inc.
|
|||||||||
Expiration:
|
|||||||||
01/21/2022,
|
|||||||||
Exercise Price:
|
|||||||||
130.00
|
(28
|
)
|
(386,764)
|
(57,736
|
)
|
||||
Charles Schwab Corp., (The)
|
|||||||||
Expiration:
|
|||||||||
01/21/2022,
|
|||||||||
Exercise Price:
|
|||||||||
70.00
|
(38
|
)
|
(280,630)
|
(35,530
|
)
|
||||
TOTAL CALL OPTIONS WRITTEN
|
|||||||||
(Premiums received $(96,367))
|
(245,336
|
)
|
|||||||
Put Options Written—(0.0%)
|
|||||||||
Wells Fargo & Co.
|
|||||||||
Expiration:
|
|||||||||
01/21/2022,
|
|||||||||
Exercise Price:
|
|||||||||
22.50
|
(360
|
)
|
(1,681,920)
|
(7,920
|
)
|
||||
TOTAL PUT OPTIONS WRITTEN
|
|||||||||
(Premiums received $(124,670))
|
(7,920
|
)
|
|||||||
TOTAL OPTIONS WRITTEN
|
|||||||||
(Premiums received $(221,037))
|
(253,256
|
)
|
|||||||
OTHER ASSETS IN EXCESS OF LIABILITIES—30.5%
|
19,976,916
|
||||||||
NET ASSETS—100.0%
|
$
|
65,509,144
|
ADR
|
American Depositary Receipt
|
|||||
PLC
|
Public Limited Company
|
|||||
SP ADR
|
Sponsored American Depositary Receipt
|
|||||
*
|
Non-income producing.
|
|||||
(a)
|
All or a portion of the security is on loan. At May 31, 2021, the market value of securities on loan was $7,242,517.
|
|||||
(b)
|
The rate shown is as of May 31, 2021.
|
|||||
Ɨ
|
Security position is either entirely or partially held in a segregated account as collateral for securities sold short.
|
|||||
#
|
Security segregated as collateral for options written.
|
|||||
ƗƗ
|
Primary risk exposure is equity contracts.
|
|||||
‡
|
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. as of May 31, 2021, these securities amounted to $(410) or 0.0% of net assets.
|
|||||
Industry classifications may be different than those used for compliance monitoring purposes.
|
BOSTON PARTNERS INVESTMENT FUNDS
|
|
BOSTON PARTNERS LONG/SHORT EQUITY FUND
|
|
NOTES TO PORTFOLIO OF INVESTMENTS
|
|
MAY 31, 2021 (UNAUDITED)
|
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 May 31, 2021, in valuing the Fund's investments carried at fair value:
|
TOTAL
|
LEVEL 1
|
LEVEL 2
|
LEVEL 3
|
INVESTMENTS MEASURED AT NET ASSET VALUE*
|
||||||||||||||||
Common Stock
|
||||||||||||||||||||
Communication Services
|
$
|
2,150,340
|
$
|
2,150,340
|
$
|
-
|
$
|
-
|
$
|
-
|
||||||||||
Consumer Discretionary
|
9,018,553
|
8,698,596
|
319,957
|
-
|
-
|
|||||||||||||||
Consumer Staples
|
846,196
|
846,196
|
-
|
-
|
-
|
|||||||||||||||
Energy
|
4,529,649
|
4,529,649
|
-
|
-
|
-
|
|||||||||||||||
Financials
|
11,909,939
|
11,909,939
|
-
|
-
|
-
|
|||||||||||||||
Health Care
|
11,158,485
|
11,158,485
|
-
|
-
|
-
|
|||||||||||||||
Industrials
|
8,922,589
|
8,922,589
|
-
|
-
|
-
|
|||||||||||||||
Information Technology
|
12,111,123
|
12,111,123
|
-
|
-
|
-
|
|||||||||||||||
Materials
|
1,841,093
|
1,841,093
|
-
|
-
|
-
|
|||||||||||||||
Real Estate
|
2,413,709
|
2,413,709
|
-
|
-
|
-
|
|||||||||||||||
Investments Purchased with Proceeds from Securities Lending Collateral
|
7,402,784
|
-
|
-
|
-
|
7,402,784
|
|||||||||||||||
Short-Term Investments
|
900
|
900
|
-
|
-
|
-
|
|||||||||||||||
Total Assets
|
$
|
72,305,360
|
$
|
64,582,619
|
$
|
319,957
|
$
|
-
|
$
|
7,402,784
|
||||||||||
TOTAL
|
LEVEL 1
|
LEVEL 2
|
LEVEL 3
|
INVESTMENTS MEASURED AT NET ASSET VALUE*
|
||||||||||||||||
Securities Sold Short
|
||||||||||||||||||||
Communication Services
|
$
|
(2,406,162
|
)
|
$
|
(2,406,162
|
)
|
$
|
-
|
$
|
-
|
**
|
$
|
-
|
|||||||
Consumer Discretionary
|
(7,820,107
|
)
|
(7,820,107
|
)
|
-
|
-
|
**
|
-
|
||||||||||||
Consumer Staples
|
(1,503,475
|
)
|
(1,503,475
|
)
|
-
|
-
|
**
|
-
|
||||||||||||
Energy
|
(45
|
)
|
-
|
(45
|
)
|
-
|
-
|
|||||||||||||
Financials
|
(531,165
|
)
|
(531,165
|
)
|
-
|
-
|
-
|
|||||||||||||
Health Care
|
(2,535,981
|
)
|
(2,535,980
|
)
|
-
|
(1
|
)
|
-
|
||||||||||||
Industrials
|
(2,059,239
|
)
|
(2,058,891
|
)
|
-
|
(348
|
)
|
-
|
||||||||||||
Information Technology
|
(8,563,380
|
)
|
(8,563,319
|
)
|
-
|
(61
|
)
|
-
|
||||||||||||
Materials
|
(213,439
|
)
|
(213,439
|
)
|
-
|
-
|
-
|
|||||||||||||
Real Estate
|
(278,976
|
)
|
(278,976
|
)
|
-
|
-
|
-
|
|||||||||||||
Utilities
|
(149,117
|
)
|
(149,117
|
)
|
-
|
-
|
-
|
|||||||||||||
Exchange Traded Funds
|
(458,790
|
)
|
(458,790
|
)
|
-
|
-
|
-
|
|||||||||||||
Options Written
|
||||||||||||||||||||
Equity Contracts
|
(253,256
|
)
|
(253,256
|
)
|
-
|
-
|
-
|
|||||||||||||
Total Liabilities
|
$
|
(26,773,132
|
)
|
$
|
(26,772,677
|
)
|
$
|
(45
|
)
|
$
|
(410
|
)
|
$
|
-
|
For the period ended May 31, 2021, the Fund had no significant 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.
|
||||||
|