Motley Fool Next Index ETF

Schedule of Investments

May 31, 2024 (Unaudited)

COMMON STOCKS - 99.8%	Number of Shares		Value
Aerospace & Defense - 4.2%
AeroVironment, Inc.(a)	406	$	82,073
Axon Enterprise, Inc.(a)	1,085		305,612
HEICO Corp.	1,759		390,093
Textron, Inc.	2,798		245,133
			1,022,911
Air Freight & Logistics - 0.4%
GXO Logistics, Inc.(a)	1,736		87,199
Automobile Components - 0.6%
BorgWarner, Inc.	3,345		119,283
Phinia, Inc.	658		29,452
			148,735
Banks - 0.6%
Axos Financial, Inc.(a)	824		44,389
Western Alliance Bancorp	1,589		100,155
			144,544
Beverages - 1.3%
Boston Beer Co., Inc. - Class A(a)	171		53,638
Celsius Holdings, Inc.(a)	3,387		270,892
			324,530
Biotechnology - 4.1%
2seventy bio, Inc.(a)	735		3,109
Alnylam Pharmaceuticals, Inc.(a)	1,832		271,924
AnaptysBio, Inc.(a)	383		9,169
BioMarin Pharmaceutical, Inc.(a)	2,744		205,992
Bluebird Bio, Inc.(a)	2,803		2,532
Editas Medicine, Inc.(a)	1,134		5,897
Emergent BioSolutions, Inc.(a)	712		4,058
Exact Sciences Corp.(a)	2,641		120,033
Exelixis, Inc.(a)	4,424		95,957
Ionis Pharmaceuticals, Inc.(a)	2,120		79,648
Neurocrine Biosciences, Inc.(a)	1,448		196,074
			994,393
Broadline Retail - 0.4%
Etsy, Inc.(a)	1,724		109,422
Building Products - 0.6%
Trex Co., Inc.(a)	1,582		136,811
Capital Markets - 4.9%
Affiliated Managers Group, Inc.	480		78,048
Cboe Global Markets, Inc.	1,540		266,405
FactSet Research Systems, Inc.	556		224,769
Houlihan Lokey, Inc.	1,007		136,297
Interactive Brokers Group, Inc. - Class A	1,558		195,872
Jefferies Financial Group, Inc.	3,083		143,421
MarketAxess Holdings, Inc.	553		110,008
PJT Partners, Inc. - Class A	342		36,481
			1,191,301
Chemicals - 1.2%
Balchem Corp.	469		72,038
RPM International, Inc.	1,877		210,412
			282,450
Commercial Services & Supplies - 1.4%
Healthcare Services Group, Inc.(a)	1,068		11,513
Rollins, Inc.	6,985		319,145
			330,658
Communications Equipment - 0.5%
Ubiquiti, Inc.	880		125,981
Construction & Engineering - 0.5%
MasTec, Inc.(a)	1,134		127,292
Consumer Finance - 0.1%
Upstart Holdings, Inc.(a)	1,257		31,073
Consumer Staples Distribution & Retail - 0.7%
Casey's General Stores, Inc.	539		178,829
Distributors - 0.7%
LKQ Corp.	3,878		166,870
Diversified Consumer Services - 0.5%
2U, Inc.(a)	1,014		282
Chegg, Inc.(a)	1,501		5,749
Duolingo, Inc.(a)	627		120,008
			126,039
Diversified Telecommunication Services - 0.0%(b)
Bandwidth, Inc. - Class A(a)	342		6,884
Electronic Equipment, Instruments & Components - 4.5%
Cognex Corp.	2,502		113,891
Coherent Corp.(a)	2,211		126,160
Corning, Inc.	12,335		459,602
IPG Photonics Corp.(a)	673		58,369
Littelfuse, Inc.	363		93,146
Zebra Technologies Corp. - Class A(a)	747		233,318
			1,084,486
Energy Equipment & Services - 0.2%
Core Laboratories, Inc.	677		12,687
Oceaneering International, Inc.(a)	1,469		34,786
			47,473
Entertainment - 3.4%
Live Nation Entertainment, Inc.(a)	3,308		310,092
Roku, Inc.(a)	2,089		119,909
Skillz, Inc.(a)	285		1,946
Take-Two Interactive Software, Inc.(a)	2,465		395,287
			827,234
Financial Services - 2.7%
Euronet Worldwide, Inc.(a)	660		76,943
Jack Henry & Associates, Inc.	1,061		174,726
Marqeta, Inc. - Class A(a)	7,417		39,458
Toast, Inc. - Class A(a)	7,975		193,234
Walker & Dunlop, Inc.	490		47,035
WEX, Inc.(a)	611		114,453
			645,849
Food Products - 1.9%
Darling Ingredients, Inc.(a)	2,324		93,890
Freshpet, Inc.(a)	703		92,212
McCormick & Co., Inc.	3,905		282,019
			468,121
Ground Transportation - 1.6%
RXO, Inc.(a)	1,664		33,963
U-Haul Holding Co.(a)	2,805		177,360
XPO, Inc.(a)	1,691		180,903
			392,226
Health Care Equipment & Supplies - 3.2%
Globus Medical, Inc. - Class A(a)	1,962		131,670
Inari Medical, Inc.(a)	845		42,250
Insulet Corp.(a)	1,020		180,734
Masimo Corp.(a)	771		95,990
QuidelOrtho Corp.(a)	972		42,953
Shockwave Medical, Inc.(a)	545		182,575
STAAR Surgical Co.(a)	712		29,569
TransMedics Group, Inc.(a)	476		64,926
			770,667
Health Care Providers & Services - 1.7%
Fulgent Genetics, Inc.(a)	410		8,466
Guardant Health, Inc.(a)	1,770		47,967
HealthEquity, Inc.(a)	1,251		102,182
Progyny, Inc.(a)	1,405		37,865
Quest Diagnostics, Inc.	1,611		228,714
			425,194
Health Care Technology - 0.6%
Doximity, Inc. - Class A(a)	2,715		75,287
GoodRx Holdings, Inc. - Class A(a)	5,749		45,244
Teladoc, Inc.(a)	2,432		27,336
			147,867
Hotels, Restaurants & Leisure - 4.0%
Cava Group, Inc.(a)	1,658		153,448
Dave & Buster's Entertainment, Inc.(a)	572		29,223
Hyatt Hotels Corp. - Class A	1,480		218,256
Planet Fitness, Inc. - Class A(a)	1,266		80,568
Sweetgreen, Inc. - Class A(a)	1,646		50,614
Texas Roadhouse, Inc.	971		167,663
Vail Resorts, Inc.	554		104,551
Wingstop, Inc.	428		157,782
			962,105
Household Durables - 2.1%
Dream Finders Homes, Inc. - Class A(a)	1,359		38,609
iRobot Corp.(a)	400		3,844
Meritage Homes Corp.	526		92,760
NVR, Inc.(a)	50		384,037
			519,250
Household Products - 0.2%
Spectrum Brands Holdings, Inc.	509		45,678
Industrial REITs - 0.4%
STAG Industrial, Inc.	2,645		92,734
Insurance - 2.0%
Kinsale Capital Group, Inc.	340		130,431
Lemonade, Inc.(a)	979		16,163
Markel Group, Inc.(a)	190		311,902
Safety Insurance Group, Inc.	216		16,707
Trupanion, Inc.(a)	580		17,325
			492,528
Interactive Media & Services - 2.3%
Bumble, Inc. - Class A(a)	1,886		22,066
Match Group, Inc.(a)	3,900		119,457
Pinterest, Inc. - Class A(a)	9,807		406,893
			548,416
IT Services - 4.9%
Cloudflare, Inc. - Class A(a)	4,873		329,853
DigitalOcean Holdings, Inc.(a)	1,321		48,943
EPAM Systems, Inc.(a)	843		149,995
Fastly, Inc. - Class A(a)	1,952		15,304
GoDaddy, Inc. - Class A(a)	2,052		286,521
Okta, Inc.(a)	2,437		216,113
Twilio, Inc. - Class A(a)	2,649		152,053
			1,198,782
Leisure Products - 0.5%
Hasbro, Inc.	2,020		120,756
Life Sciences Tools & Services - 0.5%
Mesa Laboratories, Inc.	77		7,369
Repligen Corp.(a)	811		120,912
			128,281
Machinery - 3.7%
Chart Industries, Inc.(a)	601		94,375
Middleby Corp.(a)	782		100,808
Proto Labs, Inc.(a)	369		11,428
RBC Bearings, Inc.(a)	422		124,608
Tennant Co.	266		27,307
Toro Co.	1,520		121,889
Westinghouse Air Brake Technologies Corp.	2,558		432,890
			913,305
Media - 0.6%
Boston Omaha Corp. - Class A(a)	456		6,662
New York Times Co. - Class A	2,395		122,624
PubMatic, Inc. - Class A(a)	705		15,440
			144,726
Oil, Gas & Consumable Fuels - 1.2%
Clean Energy Fuels Corp.(a)	3,143		9,838
EQT Corp.	6,413		263,510
Vitesse Energy, Inc.	395		10,080
			283,428
Passenger Airlines (New name) - 0.4%
Alaska Air Group, Inc.(a)	1,825		76,687
Hawaiian Holdings, Inc.(a)	684		9,343
			86,030
Personal Care Products - 0.6%
elf Beauty, Inc.(a)	807		150,836
Pharmaceuticals - 0.8%
Viatris, Inc.	17,276		183,126
Professional Services - 3.5%
Broadridge Financial Solutions, Inc.	1,698		340,908
NV5 Global, Inc.(a)	228		21,427
Paycom Software, Inc.	823		119,598
Robert Half, Inc.	1,506		96,730
SS&C Technologies Holdings, Inc.	3,594		223,008
TaskUS, Inc. - Class A(a)	1,255		17,959
Upwork, Inc.(a)	1,998		21,119
			840,749
Real Estate Management & Development - 0.6%
Redfin Corp.(a)	1,596		10,278
Zillow Group, Inc. - Class C(a)	3,378		138,329
			148,607
Retail REITs - 0.1%
Retail Opportunity Investments Corp.	1,848		23,137
Semiconductors & Semiconductor Equipment - 5.0%
Cirrus Logic, Inc.(a)	787		90,269
Enphase Energy, Inc.(a)	1,977		252,858
First Solar, Inc.(a)	1,545		419,869
Impinj, Inc.(a)	391		63,995
Silicon Laboratories, Inc.(a)	464		58,543
Skyworks Solutions, Inc.	2,334		216,268
Universal Display Corp.	688		120,882
			1,222,684
Software - 12.6%
Alarm.com Holdings, Inc.(a)	729		47,684
Appfolio, Inc. - Class A(a)	521		118,955
Appian Corp. - Class A(a)	1,070		30,377
Asana, Inc. - Class A(a)	3,271		42,687
Blackbaud, Inc.(a)	762		59,390
BlackLine, Inc.(a)	897		42,805
Box, Inc. - Class A(a)	2,102		57,279
Braze, Inc. - Class A(a)	1,453		54,705
Confluent, Inc. - Class A(a)	4,550		118,164
DocuSign, Inc.(a)	2,966		162,359
Fair Isaac Corp.(a)	360		464,375
HubSpot, Inc.(a)	736		449,733
Manhattan Associates, Inc.(a)	898		197,147
Nutanix, Inc. - Class A(a)	3,555		196,645
Pegasystems, Inc.	1,221		70,159
Q2 Holdings, Inc.(a)	859		52,244
Samsara, Inc. - Class A(a)	7,782		264,043
Tyler Technologies, Inc.(a)	611		293,500
UiPath, Inc. - Class A(a)	8,236		100,973
Unity Software, Inc.(a)	5,616		102,604
Varonis Systems, Inc.(a)	1,590		68,306
Workiva, Inc.(a)	799		61,499
Zuora, Inc. - Class A(a)	1,990		20,199
			3,075,832
Specialty Retail - 7.8%
Camping World Holdings, Inc. - Class A	644		12,944
CarMax, Inc.(a)	2,298		161,458
Carvana Co.(a)	1,692		169,166
Chewy, Inc. - Class A(a)	6,276		133,114
Designer Brands, Inc. - Class A	781		7,849
Five Below, Inc.(a)	802		110,780
GameStop Corp. - Class A(a)	4,443		102,811
RH(a)	267		72,605
Sleep Number Corp.(a)	304		4,596
Stitch Fix, Inc. - Class A(a)	1,466		3,621
Tractor Supply Co.	1,561		445,338
Ulta Beauty, Inc.(a)	707		279,329
Wayfair, Inc. - Class A(a)	1,753		104,286
Williams-Sonoma, Inc.	934		273,867
Winmark Corp.	55		19,575
			1,901,339
Technology Hardware, Storage & Peripherals - 1.1%
Pure Storage, Inc. - Class A(a)	4,551		274,380
Textiles, Apparel & Luxury Goods - 0.8%
Skechers USA, Inc. - Class A(a)	2,229		159,195
Under Armour, Inc. - Class A(a)	6,211		44,657
			203,852
Trading Companies & Distributors - 1.6%
Watsco, Inc.	531		252,172
WESCO International, Inc.	741		133,002
			385,174
TOTAL COMMON STOCKS (Cost $25,570,622)			24,290,774
TOTAL INVESTMENTS - 99.8% (Cost $25,570,622)		$	24,290,774
Other Assets in Excess of Liabilities - 0.2%			61,071
TOTAL NET ASSETS - 100.0%
		$	24,351,845

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 necessarily 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		24,290,774		–		–		24,290,774
Total Investments		24,290,774		–		–		24,290,774
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.