0001145549-23-044067.txt : 20230726 0001145549-23-044067.hdr.sgml : 20230726 20230726145801 ACCESSION NUMBER: 0001145549-23-044067 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230531 FILED AS OF DATE: 20230726 DATE AS OF CHANGE: 20230726 PERIOD START: 20230831 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: 231112976 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 S000068715 SGI Peak Growth Fund C000219685 Class I Shares SGPKX NPORT-P 1 primary_doc.xml NPORT-P false 0000831114 XXXXXXXX S000068715 C000219685 RBB Fund, Inc. 811-05518 0000831114 5493005KKD0GVHSW0D29 615 East Michigan Street Milwaukee 53202 262-378-6278 SGI Peak Growth Fund S000068715 549300GUNQFIUDRJUN46 2023-08-31 2023-05-31 N 15720847.500000000000 48045.150000000000 15672802.350000000000 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 7989.310000000000 N SGI US Large Cap Equity Fund 549300KYBUGA4WTA3A58 SGI US Large Cap Equity Fund 74925K524 161828.545000000000 NS USD 2793160.690000000000 17.8217055739 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 333680.540000000000 NS USD 333680.540000000000 2.1290419706 Long STIV RF US N 1 N N N SGI US Large Cap Core Equity F 549300VDS0722JULQ036 SGI US Large Cap Core Equity Fund/The 74933W593 49280.000000000000 NS USD 1273395.200000000000 8.1248724482 Long EC RF US N 1 N N N SGI Small Cap Growth Fund 549300U1EB7E1OEPCM45 SGI Small Cap Growth Fund 749255188 132481.668000000000 NS USD 3294819.080000000000 21.0225268361 Long EC RF US N 1 N N N iShares Core MSCI EAFE ETF 5493009FT582MI7Y3I36 iShares Core MSCI EAFE ETF 46432F842 6890.000000000000 NS USD 454946.700000000000 2.9027782642 Long EC RF US N 1 N N N iShares Core MSCI Emerging Mar 5493007C24Z3ZDJ0VD06 iShares Core MSCI Emerging Markets ETF 46434G103 8110.000000000000 NS USD 385873.800000000000 2.4620600157 Long EC RF US N 1 N N N SGI Global Equity Fund 549300DNUERQRPHVZJ44 SGI Global Equity Fund 74925K417 139887.500000000000 NS USD 4620484.130000000000 29.4809060104 Long EC RF US N 1 N N N SGI US Small Cap Equity Fund 5493009IZWUG3SAWVN25 SGI US Small Cap Equity Fund 74925K268 85538.255000000000 NS USD 928090.070000000000 5.9216600151 Long EC RF US N 1 N N N SGI Diversified Tactical Fund/ 549300XVZ542XO20YL16 SGI Diversified Tactical Fund/The 74933W577 62680.000000000000 NS USD 1578533.120000000000 10.0717988063 Long EC RF US N 1 N N N 2023-07-19 RBB Fund, Inc. /s/ James G. Shaw RBB Fund, Inc. CFO COO Secretary XXXX NPORT-EX 2 sgipeak-growth.htm NPORT-EX

SGI PEAK GROWTH FUND
PORTFOLIO OF INVESTMENTS
MAY 31, 2023 (UNAUDITED)
           
   
NUMBER
      
   
OF SHARES
    
VALUE
EXCHANGE TRADED FUNDS - 23.5%
          
Exchange-Traded Funds — 23.5%
          
iShares Core MSCI EAFE ETF
    
6,890
    
$
454,947
iShares Core MSCI Emerging Markets ETF
    
8,110
      
385,874
SGI Diversified Tactical Fund, (The)(a)
    
62,680
      
1,578,533
SGI US Large Cap Core Equity Fund, (The)(a)
    
49,280
      
1,273,395
             
3,692,749
TOTAL EXCHANGE-TRADED FUNDS
              
(Cost $3,686,170)
            
3,692,749
MUTUAL FUNDS - 74.2%
              
Mutual Funds — 74.2%
              
SGI Global Equity Fund, Class I (a)
    
139,888
      
4,620,484
SGI Small Cap Core Fund, Class I (a)
    
132,482
      
3,294,819
SGI US Large Cap Equity Fund, Class I (a)
    
161,829
      
2,793,161
SGI US Small Cap Equity Fund, Class I (a)
    
85,538
      
928,090
             
11,636,554
TOTAL MUTUAL FUNDS
              
(Cost $12,129,872)
            
11,636,554
SHORT-TERM INVESTMENTS - 2.2%
              
U.S. Bank Money Market Deposit Account, 5.00% (b)
    
341,670
      
341,670
TOTAL SHORT-TERM INVESTMENTS
              
(Cost $341,670)
            
341,670
TOTAL INVESTMENTS - 99.9%
              
(Cost $16,157,712)
            
15,670,973
OTHER ASSETS IN EXCESS OF LIABILITIES - 0.1%
            
15,326
NET ASSETS - 100.0%
          
$
15,686,299

                     
(a)
Affiliated company.
                  
(b)
The rate shown is as of May 31, 2023.
                  
ETF
Exchange-Traded Funds
                  
                     
 The accompanying notes are an integral part of the portfolio of investments.
  


SGI PEAK GROWTH FUND
NOTES TO THE PORTFOLIO OF INVESTMENTS
MAY 31, 2023 (UNAUDITED)
                   
PORTFOLIO VALUATION — The Fund’s 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. Foreign securities are valued based on prices from the primary market in which they are traded, and are translated from the local currency into U.S. dollars using current exchange rates. If market quotations are unavailable or deemed unreliable, securities will be valued in accordance with procedures adopted by the Company’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. Such procedures use fundamental valuation methods, which may include, but are not limited to, an analysis of the effect of any restrictions on the resale of the security, industry analysis and trends, significant changes in the issuer’s financial position, and any other event which could have a significant impact on the value of the security. Determination of fair value involves subjective judgment as the actual market value of a particular security can be established only by negotiations between the parties in a sales transaction, and the difference between the recorded fair value and the value that would be received in a sale could be significant.
                   
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 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, 2023, in valuing the Fund’s investments carried at fair value:

   
TOTAL
    
LEVEL 1
    
LEVEL 2
    
LEVEL 3
SGI PEAK GROWTH FUND
                      
Exchange-Traded Funds
  
$
3,692,749
    
$
3,692,749
    
$
-
    
$
-
Mutual Funds
    
11,636,554
      
11,636,554
      
-
      
-
Short-Term Investments
    
341,670
      
341,670
      
-
      
-
Total Investments*
  
$
15,670,973
    
$
15,670,973
    
$
-
    
$
-
                               

* 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 the 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 Level 3 transfers in and out of each level is disclosed when 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 purchases, sales, or 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.