Motley Fool Capital Efficiency 100 Index ETF
Schedule of Investments
May 31, 2024 (Unaudited)
COMMON STOCKS - 99.7%	Number of Shares		Value
Air Freight & Logistics - 1.1%
GXO Logistics, Inc.(a)		388	$	19,489
United Parcel Service, Inc. - Class B		3,150		437,630
				457,119
Beverages - 0.5%
Boston Beer Co., Inc. - Class A(a)		24		7,528
Monster Beverage Corp.(a)		3,791		196,829
				204,357
Biotechnology - 1.9%
Gilead Sciences, Inc.		5,499		353,421
Neurocrine Biosciences, Inc.(a)		499		67,569
Vertex Pharmaceuticals, Inc.(a)		849		386,584
				807,574
Broadline Retail - 5.3%
Amazon.com, Inc.(a)		12,019		2,120,633
eBay, Inc.		1,974		107,030
Etsy, Inc.(a)		388		24,626
				2,252,289
Capital Markets - 0.4%
Cboe Global Markets, Inc.		377		65,217
Nasdaq, Inc.		1,865		110,091
PJT Partners, Inc. - Class A		81		8,640
				183,948
Chemicals - 1.7%
Balchem Corp.		90		13,824
Ecolab, Inc.		1,096		254,491
RPM International, Inc.		598		67,036
Sherwin-Williams Co.		1,248		379,142
				714,493
Commercial Services & Supplies - 2.1%
Cintas Corp.		497		336,951
Copart, Inc.(a)		3,022		160,347
Rollins, Inc.		2,024		92,477
Waste Management, Inc.		1,482		312,302
				902,077
Communications Equipment - 0.8%
Arista Networks, Inc.(a)		1,114		331,582
Consumer Staples Distribution & Retail - 9.5%
Casey's General Stores, Inc.		191		63,370
Costco Wholesale Corp.		2,079		1,683,761
Walmart, Inc.		34,457		2,265,893
				4,013,024
Distributors - 0.1%
LKQ Corp.		1,043		44,880
Entertainment - 2.8%
Electronic Arts, Inc.		1,046		138,992
Netflix, Inc.(a)		1,653		1,060,598
				1,199,590
Financial Services - 9.3%
Jack Henry & Associates, Inc.		301		49,569
Mastercard, Inc. - Class A		4,198		1,876,800
Visa, Inc. - Class A		7,348		2,002,036
				3,928,405
Food Products - 0.0%(b)
Darling Ingredients, Inc.(a)		459		18,544
Ground Transportation - 1.6%
Old Dominion Freight Line, Inc.		877		153,694
RXO, Inc.(a)		374		7,633
Union Pacific Corp.		2,184		508,479
				669,806
Health Care Equipment & Supplies - 2.8%
Becton Dickinson & Co.		1,003		232,666
IDEXX Laboratories, Inc.(a)		449		223,131
Insulet Corp.(a)		297		52,625
Intuitive Surgical, Inc.(a)		1,333		536,026
ResMed, Inc.		589		121,528
Solventum Corp.(a)		444		26,347
STAAR Surgical Co.(a)		175		7,268
				1,199,591
Health Care Providers & Services - 6.1%
HCA Healthcare, Inc.		1,238		420,610
McKesson Corp.		474		269,986
UnitedHealth Group, Inc.		3,794		1,879,434
				2,570,030
Health Care Technology - 0.2%
Veeva Systems, Inc. - Class A(a)		570		99,322
Household Durables - 0.1%
Dream Finders Homes, Inc. - Class A(a)		259		7,358
Meritage Homes Corp.		105		18,517
				25,875
Industrial Conglomerates - 0.4%
3M Co.		1,777		177,949
Interactive Media & Services - 10.7%
Alphabet, Inc. - Class C(a)		14,107		2,454,054
Meta Platforms, Inc. - Class A		4,221		1,970,489
Pinterest, Inc. - Class A(a)		2,529		104,928
				4,529,471
IT Services - 1.1%
Cognizant Technology Solutions Corp. - Class A		2,035		134,615
EPAM Systems, Inc.(a)		217		38,611
Gartner, Inc.(a)		360		151,081
GoDaddy, Inc. - Class A(a)		632		88,246
MongoDB, Inc.(a)		282		66,569
				479,122
Machinery - 0.1%
Tennant Co.		45		4,620
Toro Co.		377		30,231
				34,851
Media - 0.5%
New York Times Co. - Class A		591		30,259
Trade Desk, Inc. - Class A(a)		1,732		160,695
				190,954
Personal Care Products - 0.1%
elf Beauty, Inc.(a)		222		41,494
Pharmaceuticals - 3.4%
Johnson & Johnson		9,964		1,461,420
Professional Services - 0.0%(b)
TaskUS, Inc. - Class A(a)		321		4,594
Upwork, Inc.(a)		406		4,291
				8,885
Semiconductors & Semiconductor Equipment - 12.7%
Broadcom, Inc.		1,682		2,234,621
Cirrus Logic, Inc.(a)		177		20,302
Enphase Energy, Inc.(a)		398		50,904
Impinj, Inc.(a)		90		14,731
Lam Research Corp.		464		432,652
NVIDIA Corp.		2,372		2,600,495
Universal Display Corp.		193		33,910
				5,387,615
Software - 13.2%
Adobe Systems, Inc.(a)		2,297		1,021,614
Appfolio, Inc. - Class A(a)		145		33,106
Autodesk, Inc.(a)		1,029		207,446
DocuSign, Inc.(a)		750		41,055
Fair Isaac Corp.(a)		134		172,851
Fortinet, Inc.(a)		3,489		206,967
HubSpot, Inc.(a)		190		116,100
Manhattan Associates, Inc.(a)		224		49,177
Microsoft Corp.		5,026		2,086,443
Nutanix, Inc. - Class A(a)		1,277		70,637
Palo Alto Networks, Inc.(a)		1,299		383,088
Pegasystems, Inc.		330		18,962
ServiceNow, Inc.(a)		849		557,734
Synopsys, Inc.(a)		722		404,898
Workday, Inc. - Class A(a)		1,105		233,652
Zuora, Inc. - Class A(a)		459		4,659
				5,608,389
Specialty Retail - 4.1%
Camping World Holdings, Inc. - Class A		151		3,035
Chewy, Inc. - Class A(a)		1,285		27,255
Home Depot, Inc.		4,628		1,549,778
Stitch Fix, Inc. - Class A(a)		432		1,067
Ulta Beauty, Inc.(a)		194		76,648
Wayfair, Inc. - Class A(a)		398		23,677
Williams-Sonoma, Inc.		219		64,215
Winmark Corp.		30		10,677
				1,756,352
Technology Hardware, Storage & Peripherals - 5.7%
Apple, Inc.		12,055		2,317,574
Pure Storage, Inc. - Class A(a)		1,422		85,732
				2,403,306
Textiles, Apparel & Luxury Goods - 1.2%
NIKE, Inc. - Class B		5,216		495,781
Under Armour, Inc. - Class A(a)		1,700		12,223
				508,004
Trading Companies & Distributors - 0.2%
Watsco, Inc.		165		78,359
TOTAL COMMON STOCKS (Cost $35,296,587)				42,288,677
TOTAL INVESTMENTS - 99.7% (Cost $35,296,587)			$	42,288,677
Other Assets in Excess of Liabilities - 0.3%(c)				129,020
TOTAL NET ASSETS - 100.0%
			$	42,417,697

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.

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 sales 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. Investments in other open-end investment companies are valued based on the NAV of those investment companies (which may use fair value pricing as discussed in their prospectuses). Options for which the primary market is a national securities exchange are valued at the last sale price on the exchange on which they are traded, or, in the absence of any sale, will be valued at the mean of the last bid and ask prices prior to the market close. Options not traded on a national securities exchange are valued at the last quoted bid price for long option positions and the closing ask price for short option positions. Forward currency exchange contracts are valued by interpolating between spot and forward currency rates as quoted by an independent pricing service. Futures contracts are generally valued using the settlement price determined by the relevant exchange. 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 Fund’s own assumptions in determining the fair value of investments).

The inputs or methodologies used for valuing securities are not necessaly an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used, as of Returns the end of the date range, in valuing the Fund’s investments carried at fair value:

	Level 1		Level 2		Level 3		Total
Investments:
Common Stocks		42,288,677		–		–		42,288,677
Total Investments		42,288,677		–		–		42,288,677
Refer to the Schedule of Investments for additional information.

Refer to Schedule of Investments for industry classifications.

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 when 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 are disclosed if the Fund had an amount of total transfers during the reporting period that was meaningful in relation to its net assets as of the end of the reporting period.

For the period ended May 31, 2024, the Fund had no Level 3 transfers.       

For more information with regard to significant accounting policies, see the most recent annual report or prospectus filed with the Securities and Exchange Commission.