# EDGAR Filing Document

**Accession Number:** 0001272950
**File Stem:** 0000940400-26-007481
**Filing Date:** 2026-2
**Character Count:** 68141
**Document Hash:** 3502a3da85b640f4b8999a84b1d09f94
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-007481.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0000940400-26-007481

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260225

**DATE AS OF CHANGE**: 20260225

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RBC FUNDS TRUST
- **CENTRAL INDEX KEY:** 0001272950

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21475
- **FILM NUMBER:** 26675507

**BUSINESS ADDRESS:**
- **STREET 1:** 250 NICOLLET MALL
- **STREET 2:** SUITE 1550
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55401
- **BUSINESS PHONE:** 612-380-1198

**MAIL ADDRESS:**
- **STREET 1:** 250 NICOLLET MALL
- **STREET 2:** SUITE 1550
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55401

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TAMARACK FUNDS TRUST
- **DATE OF NAME CHANGE:** 20031212

## Series and Classes Contracts Data

### RBC BlueBay Ultra-Short Fixed Income Fund (Series ID: S000043719)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000135577 | Class I      | RUSIX           |
| C000138516 | Class A      | RULFX           |

## Nport-Ex

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay Ultra-Short Fixed Income Fund

------

December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Value** |
| **Corporate Bonds — 50.8%** | **Corporate Bonds — 50.8%** |  |
| **Communications — 1.6%** | **Communications — 1.6%** |  |
| $1000000 | T-Mobile USA, Inc., 2.25%, 2/15/26 | &nbsp;&nbsp;&nbsp;$997406 |
| **Consumer, Cyclical — 7.8%** | **Consumer, Cyclical — 7.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;400000 | American Honda Finance Corp., (SOFR RATE + 0.720%), GMTN, 4.63%, 10/22/27(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400530 |
| &nbsp;&nbsp;&nbsp;&nbsp;290000 | BMW US Capital LLC, 4.65%, 8/13/26(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;291361 |
| &nbsp;&nbsp;&nbsp;&nbsp;150000 | Daimler Truck Finance North America LLC, 5.13%, 9/25/27(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152328 |
| &nbsp;&nbsp;&nbsp;&nbsp;865000 | General Motors Financial Co., Inc., (SOFR RATE + 1.040%), 4.82%, 2/26/27(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;865965 |
| &nbsp;&nbsp;1000000 | Hyundai Capital America, (SOFR RATE + 1.120%), 4.85%, 6/23/27(a),(b) | &nbsp;&nbsp;&nbsp;1005086 |
| &nbsp;&nbsp;&nbsp;&nbsp;655000 | Hyundai Capital America, 4.88%, 6/23/27(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;662256 |
| &nbsp;&nbsp;&nbsp;&nbsp;300000 | Hyundai Capital America, 5.30%, 3/19/27(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;304217 |
| &nbsp;&nbsp;&nbsp;&nbsp;500000 | Toyota Motor Credit Corp., GMTN, 4.55%, 8/7/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;501929 |
| &nbsp;&nbsp;&nbsp;&nbsp;450000 | Volkswagen Group of America Finance LLC, 4.90%, 8/14/26(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;451505 |
| &nbsp;&nbsp;&nbsp;&nbsp;425000 | Volkswagen Group of America Finance LLC, 5.40%, 3/20/26(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;426056 |
|  |  | &nbsp;&nbsp;&nbsp;5061233 |
| **Consumer, Non-cyclical — 4.2%** | **Consumer, Non-cyclical — 4.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;485000 | HCA, Inc., 5.00%, 3/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;494076 |
| &nbsp;&nbsp;&nbsp;&nbsp;500000 | HCA, Inc., 5.38%, 9/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500799 |
| &nbsp;&nbsp;&nbsp;&nbsp;750000 | Kroger Co. (The), 2.65%, 10/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;742217 |
| &nbsp;&nbsp;&nbsp;&nbsp;860000 | Mars, Inc., 4.45%, 3/1/27(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;866362 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99000 | Solventum Corp., 5.45%, 2/25/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100421 |
|  |  | &nbsp;&nbsp;&nbsp;2703875 |
| **Financial — 29.5%** | **Financial — 29.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;750000 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust, 2.45%, 10/29/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;740199 |
| &nbsp;&nbsp;1000000 | Athene Global Funding, 2.95%, 11/12/26(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;989421 |
| &nbsp;&nbsp;1500000 | Bank of America Corp., 5.08%, 1/20/27(c) | &nbsp;&nbsp;&nbsp;1500558 |
| &nbsp;&nbsp;1305000 | Charles Schwab Corp. (The), (SOFR Index + 1.050%), 4.80%, 3/3/27(a) | &nbsp;&nbsp;&nbsp;1313536 |
| &nbsp;&nbsp;1000000 | Citigroup, Inc., 1.46%, 6/9/27(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;988254 |
| &nbsp;&nbsp;1000000 | Citigroup, Inc., (SOFR RATE + 0.770%), 4.51%, 6/9/27(a) | &nbsp;&nbsp;&nbsp;1001221 |
| &nbsp;&nbsp;&nbsp;&nbsp;360000 | Credit Agricole SA, 1.25%, 1/26/27(b),(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;359249 |
| &nbsp;&nbsp;&nbsp;&nbsp;430000 | Deutsche Bank AG, 5.71%, 2/8/28(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;436880 |
| &nbsp;&nbsp;&nbsp;&nbsp;900000 | Goldman Sachs Group, Inc. (The), 4.94%, 4/23/28(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;910265 |
| &nbsp;&nbsp;1000000 | HSBC Holdings Plc, 1.59%, 5/24/27(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;990026 |
| &nbsp;&nbsp;&nbsp;&nbsp;900000 | HSBC Holdings Plc, 5.60%, 5/17/28(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;917150 |
| &nbsp;&nbsp;1000000 | JPMorgan Chase & Co., 1.04%, 2/4/27(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;997149 |
| &nbsp;&nbsp;&nbsp;&nbsp;150000 | JPMorgan Chase & Co., 5.04%, 1/23/28(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151541 |
| &nbsp;&nbsp;&nbsp;&nbsp;515000 | Met Tower Global Funding, 4.00%, 10/1/27(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;516008 |
| &nbsp;&nbsp;1000000 | Morgan Stanley, 1.59%, 5/4/27(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;991325 |
| &nbsp;&nbsp;&nbsp;&nbsp;500000 | Morgan Stanley, 5.05%, 1/28/27(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500264 |
| &nbsp;&nbsp;&nbsp;&nbsp;475000 | New York Life Global Funding, 3.90%, 10/1/27(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;475709 |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay Ultra-Short Fixed Income Fund (cont.)

------

December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Value** |
| &nbsp;&nbsp;&nbsp;$540000 | PNC Bank NA, 4.54%, 5/13/27(c) | &nbsp;&nbsp;&nbsp;&nbsp;$540755 |
| &nbsp;&nbsp;&nbsp;&nbsp;750000 | Realty Income Corp., REIT, 4.45%, 9/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;750750 |
| &nbsp;&nbsp;&nbsp;&nbsp;900000 | Toronto-Dominion Bank (The), (SOFR RATE + 0.910%), GMTN, 4.68%, 6/2/28(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;904098 |
| &nbsp;&nbsp;1000000 | UBS Group AG, 4.70%, 8/5/27(b),(c) | &nbsp;&nbsp;&nbsp;&nbsp;1003386 |
| &nbsp;&nbsp;1000000 | Wells Fargo & Co., MTN, 3.20%, 6/17/27(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;995843 |
| &nbsp;&nbsp;1170000 | Wells Fargo & Co., GMTN, 3.53%, 3/24/28(c) | &nbsp;&nbsp;&nbsp;&nbsp;1162262 |
|  |  | &nbsp;&nbsp;&nbsp;19135849 |
| **Technology — 1.0%** | **Technology — 1.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;500000 | Synopsys, Inc., 4.55%, 4/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;503540 |
| &nbsp;&nbsp;&nbsp;&nbsp;155000 | Western Digital Corp., 4.75%, 2/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154951 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;658491 |
| **Utilities — 6.7%** | **Utilities — 6.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;285000 | Consolidated Edison Co. of New York, Inc., (SOFR Index + 0.520%), 4.32%, 11/18/27(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;285438 |
| &nbsp;&nbsp;1000000 | Duke Energy Corp., 2.65%, 9/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;991450 |
| &nbsp;&nbsp;&nbsp;&nbsp;570000 | Georgia Power Co., (SOFR Index + 0.280%), 4.00%, 9/15/26(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;569339 |
| &nbsp;&nbsp;&nbsp;&nbsp;745000 | NextEra Energy Capital Holdings, Inc., 4.69%, 9/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;753780 |
| &nbsp;&nbsp;&nbsp;&nbsp;400000 | NextEra Energy Capital Holdings, Inc., 4.85%, 2/4/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;407450 |
| &nbsp;&nbsp;1000000 | NextEra Energy Capital Holdings, Inc., 4.95%, 1/29/26 | &nbsp;&nbsp;&nbsp;&nbsp;1000357 |
| &nbsp;&nbsp;&nbsp;&nbsp;340000 | Southern Co. Gas Capital Corp., Series A, 4.05%, 9/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;340172 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;4347986 |
| **Total Corporate Bonds** | **Total Corporate Bonds** | &nbsp;&nbsp;&nbsp;**32904840** |
| (Cost $32,724,339) | (Cost $32,724,339) |  |
| **Asset Backed Securities — 30.4%** | **Asset Backed Securities — 30.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;125000 | Affirm Asset Securitization Trust, Series 2024-X2, Class C, 5.62%, 12/17/29(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125391 |
| &nbsp;&nbsp;&nbsp;&nbsp;815000 | Ally Auto Receivables Trust, Series 2023-A, Class C, 6.08%, 1/17/34(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;822154 |
| &nbsp;&nbsp;&nbsp;&nbsp;825000 | Amur Equipment Finance Receivables XI LLC, Series 2022-2A, Class C, 6.27%, 1/22/29(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;830943 |
| &nbsp;&nbsp;&nbsp;&nbsp;800000 | Amur Equipment Finance Receivables XI LLC, Series 2022-2A, Class D, 7.25%, 5/21/29(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;809018 |
| &nbsp;&nbsp;&nbsp;&nbsp;500000 | ARI Fleet Lease Trust, Series 2023-A, Class C, 6.03%, 2/17/32(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;509455 |
| &nbsp;&nbsp;&nbsp;&nbsp;366270 | ARI Fleet Lease Trust, Series 2025-A, Class A2, 4.38%, 1/17/34(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;367750 |
| &nbsp;&nbsp;&nbsp;&nbsp;644885 | Bellemeade Re Ltd., Series 2025-1, Class M1A, (SOFR30A + 1.550%), 5.42%, 10/25/35(a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;645273 |
| &nbsp;&nbsp;&nbsp;&nbsp;105768 | Carmax Auto Owner Trust, Series 2022-4, Class A3, 5.34%, 8/16/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106070 |
| &nbsp;&nbsp;&nbsp;&nbsp;255000 | CarMax Auto Owner Trust, Series 2022-1, Class D, 2.47%, 7/17/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;253643 |
| &nbsp;&nbsp;&nbsp;&nbsp;200000 | Carmax Select Receivables Trust, Series 2024-A, Class A3, 5.40%, 11/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201856 |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay Ultra-Short Fixed Income Fund (cont.)

------

December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Value** |
| $533262 | Carvana Auto Receivables Trust, Series 2021-N4, Class D, 2.30%, 9/11/28 | $521853 |
| &nbsp;&nbsp;500000 | Dell Equipment Finance Trust, Series 2023-2, Class D, 6.74%, 7/23/29(b) | &nbsp;&nbsp;&nbsp;502285 |
| &nbsp;&nbsp;300000 | Dell Equipment Finance Trust, Series 2023-3, Class D, 6.75%, 10/22/29(b) | &nbsp;&nbsp;&nbsp;302420 |
| &nbsp;&nbsp;450000 | Dext ABS LLC, Series 2025-2, Class A3, 4.23%, 4/15/36(b) | &nbsp;&nbsp;&nbsp;450247 |
| &nbsp;&nbsp;238898 | DLLMT LLC, Series 2024-1A, Class A2, 5.08%, 2/22/27(b) | &nbsp;&nbsp;&nbsp;239371 |
| &nbsp;&nbsp;&nbsp;&nbsp;24144 | DT Auto Owner Trust, Series 2022-3A, Class C, 7.69%, 7/17/28(b) | &nbsp;&nbsp;&nbsp;&nbsp;24174 |
| &nbsp;&nbsp;473386 | Exeter Automobile Receivables Trust, Series 2021-3A, Class D, 1.55%, 6/15/27 | &nbsp;&nbsp;&nbsp;470357 |
| &nbsp;&nbsp;175962 | Exeter Automobile Receivables Trust, Series 2022-1A, Class D, 3.02%, 6/15/28 | &nbsp;&nbsp;&nbsp;175195 |
| &nbsp;&nbsp;110359 | Exeter Automobile Receivables Trust, Series 2022-6A, Class C, 6.32%, 5/15/28 | &nbsp;&nbsp;&nbsp;110717 |
| &nbsp;&nbsp;750000 | Exeter Automobile Receivables Trust, Series 2023-2A, Class D, 6.32%, 8/15/29 | &nbsp;&nbsp;&nbsp;763058 |
| &nbsp;&nbsp;246324 | Exeter Automobile Receivables Trust, Series 2024-3A, Class B, 5.57%, 9/15/28 | &nbsp;&nbsp;&nbsp;247170 |
| &nbsp;&nbsp;400000 | Exeter Automobile Receivables Trust, Series 2024-4A, Class C, 5.48%, 8/15/30 | &nbsp;&nbsp;&nbsp;405215 |
| &nbsp;&nbsp;170000 | Exeter Automobile Receivables Trust, Series 2024-5A, Class B, 4.48%, 4/16/29 | &nbsp;&nbsp;&nbsp;170076 |
| &nbsp;&nbsp;656361 | Exeter Select Automobile Receivables Trust, Series 2025-2, Class A2, 4.54%, 6/15/29 | &nbsp;&nbsp;&nbsp;658572 |
| &nbsp;&nbsp;330000 | Ford Credit Auto Owner Trust, Series 2021-1, Class B, 1.61%, 10/17/33(b) | &nbsp;&nbsp;&nbsp;327403 |
| &nbsp;&nbsp;181942 | GM Financial Consumer Automobile Receivables Trust, Series 2023-1, Class A3, 4.66%, 2/16/28 | &nbsp;&nbsp;&nbsp;182461 |
| &nbsp;&nbsp;600000 | GMF Floorplan Owner Revolving Trust, Series 2024-3A, Class B, 4.92%, 11/15/28(b) | &nbsp;&nbsp;&nbsp;603611 |
| &nbsp;&nbsp;525692 | Honda Auto Receivables Owner Trust, Series 2022-2, Class A4, 3.76%, 12/18/28 | &nbsp;&nbsp;&nbsp;525672 |
| &nbsp;&nbsp;375000 | HPEFS Equipment Trust, Series 2024-2A, Class D, 5.82%, 4/20/32(b) | &nbsp;&nbsp;&nbsp;382316 |
| &nbsp;&nbsp;600000 | Hyundai Auto Lease Securitization Trust, Series 2024-B, Class B, 5.56%, 8/15/28(b) | &nbsp;&nbsp;&nbsp;606670 |
| &nbsp;&nbsp;410000 | Kubota Credit Owner Trust, Series 2025-2A, Class A2, 4.48%, 4/17/28(b) | &nbsp;&nbsp;&nbsp;412215 |
| &nbsp;&nbsp;425000 | LAD Auto Receivables Trust, Series 2023-3A, Class C, 6.43%, 12/15/28(b) | &nbsp;&nbsp;&nbsp;432059 |
| &nbsp;&nbsp;264151 | Marlette Funding Trust, Series 2024-1A, Class B, 6.07%, 7/17/34(b) | &nbsp;&nbsp;&nbsp;265377 |
| &nbsp;&nbsp;283145 | MMAF Equipment Finance LLC, Series 2019-B, Class A5, 2.29%, 11/12/41(b) | &nbsp;&nbsp;&nbsp;281110 |
| &nbsp;&nbsp;293177 | MMP Capital LLC, Series 2025-A, Class A, 5.36%, 12/15/31(b) | &nbsp;&nbsp;&nbsp;295753 |
| &nbsp;&nbsp;750000 | Navistar Financial Dealer Note Master Owner Trust, Series 2024-1, Class A, 5.59%, 4/25/29(b) | &nbsp;&nbsp;&nbsp;753727 |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay Ultra-Short Fixed Income Fund (cont.)

------

December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Value** |
| $556498 | Santander Drive Auto Receivables Trust, Series 2022-2, Class C, 3.76%, 7/16/29 | &nbsp;&nbsp;&nbsp;&nbsp;$555810 |
| &nbsp;&nbsp;&nbsp;&nbsp;59917 | Santander Drive Auto Receivables Trust, Series 2022-7, Class B, 5.95%, 1/17/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59979 |
| &nbsp;&nbsp;725000 | Santander Drive Auto Receivables Trust, Series 2023-4, Class B, 5.77%, 12/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;731906 |
| &nbsp;&nbsp;275000 | Santander Drive Auto Receivables Trust, Series 2024-5, Class B, 4.63%, 8/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;276301 |
| &nbsp;&nbsp;483942 | SBNA Auto Receivables Trust, Series 2024-A, Class A3, 5.32%, 12/15/28(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;485740 |
| &nbsp;&nbsp;116096 | SBNA Auto Receivables Trust, Series 2025-SF1, Class B, 5.12%, 3/17/31(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116171 |
| &nbsp;&nbsp;395000 | Tesla Auto Lease Trust, Series 2023-B, Class B, 6.57%, 8/20/27(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;395000 |
| &nbsp;&nbsp;480000 | Tricolor Auto Securitization Trust, Series 2024-3A, Class C, 5.73%, 12/15/28(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195200 |
| &nbsp;&nbsp;171009 | Upstart Securitization Trust, Series 2024-1, Class A, 5.33%, 11/20/34(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170926 |
| &nbsp;&nbsp;500000 | Verizon Master Trust, Series 2023-1, Class C, 4.98%, 1/22/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500146 |
| &nbsp;&nbsp;685000 | Verizon Master Trust Series, Series 2025-9, Class C, 4.41%, 10/21/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;685937 |
| &nbsp;&nbsp;131486 | Volkswagen Auto Lease Trust, Series 2024-A, Class A2A, 5.40%, 12/21/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131637 |
| &nbsp;&nbsp;221641 | Volvo Financial Equipment LLC Series, Series 2024-1A, Class A2, 4.56%, 5/17/27(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;221939 |
| &nbsp;&nbsp;156179 | Westlake Automobile Receivables Trust, Series 2022-2A, Class D, 5.48%, 9/15/27(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156693 |
| &nbsp;&nbsp;225000 | World Omni Select Auto Trust, Series 2024-A, Class A3, 4.98%, 2/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;226130 |
| **Total Asset Backed Securities** | **Total Asset Backed Securities** | &nbsp;&nbsp;&nbsp;**19690152** |
| (Cost $19,913,362) | (Cost $19,913,362) |  |
| **Collateralized Mortgage Obligations — 4.5%** | **Collateralized Mortgage Obligations — 4.5%** |  |
| &nbsp;&nbsp;100000 | Freddie Mac STACR REMIC Trust, Series 2024-DNA2, Class M2, (SOFR30A + 1.700%), 5.57%, 5/25/44(a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100305 |
| &nbsp;&nbsp;755588 | HOMES Trust, Series 2025-AFC2, Class A1A, 5.47%, 6/25/60(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;761397 |
| &nbsp;&nbsp;783121 | HOMES Trust, Series 2025-NQM4, Class A1, 5.22%, 8/25/70(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;786253 |
| &nbsp;&nbsp;465219 | OBX Trust, Series 2023-NQM1, Class A1, 6.12%, 11/25/62(b),(d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;464091 |
| &nbsp;&nbsp;400000 | OBX Trust, Series 2023-NQM4, Class M1, 7.07%, 3/25/63(b),(d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400632 |
| &nbsp;&nbsp;420475 | OBX Trust, Series 2025-NQM11, Class A1, 5.42%, 5/25/65(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;424037 |
| **Total Collateralized Mortgage Obligations** | **Total Collateralized Mortgage Obligations** | &nbsp;&nbsp;&nbsp;&nbsp;**2936715** |
| (Cost $2,925,705) | (Cost $2,925,705) |  |

---

---

| | | |
|:---|:---|:---|
| **Commercial Paper — 7.3%** | **Commercial Paper — 7.3%** |  |
| &nbsp;&nbsp;&nbsp;852000 | Alimentation Couche-Tard Inc., 3.93%, 1/12/26(e) | 850891 |
| 1000000 | AvalonBay Communities, Inc., 3.85%, 1/8/26(e) | 999142 |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay Ultra-Short Fixed Income Fund (cont.)

------

December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  |  | **Value** |
| $1000000 | GlaxoSmithKline LLC, 3.71%, 1/2/26(e) | &nbsp;&nbsp;&nbsp;$999795 |
| &nbsp;&nbsp;&nbsp;&nbsp;900000 | McDonald's Corporation, 3.95%, 1/16/26(e) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;898464 |
| &nbsp;&nbsp;1000000 | The Canadian Pacific Railway Co., 3.91%, 1/13/26(e) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;998615 |
| **Total Commercial Paper** | **Total Commercial Paper** | &nbsp;&nbsp;&nbsp;**4746907** |
| (Cost $4,747,907) | (Cost $4,747,907) |  |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  |  |
| **Investment Company — 6.8%** | **Investment Company — 6.8%** |  |
| 4379840 | RBC BlueBay U.S. Government Money Market Fund,<br> Institutional Class 1(f) | &nbsp;&nbsp;&nbsp;&nbsp;4379840 |
| **Total Investment Company** | **Total Investment Company** | &nbsp;&nbsp;&nbsp;&nbsp;**4379840** |
| (Cost $4,379,840) | (Cost $4,379,840) |  |
| **Total Investments** | **Total Investments** | **$64658454** |
| (Cost $64,691,153) — 99.8% | (Cost $64,691,153) — 99.8% |  |
| **Other assets in excess of liabilities — 0.2%** | **Other assets in excess of liabilities — 0.2%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**143939** |
| **NET ASSETS — 100.0%** | **NET ASSETS — 100.0%** | **$64802393** |

---

------

(a) Floating rate note. Rate shown is as of report date.

(b) Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration, normally to
qualified institutional buyers.

(c) Security is a fix-to-float security, which carries a fixed coupon until a certain date, upon which it switches to a floating rate. Reference rate and spread are provided if the rate is currently
floating.

(d) Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect
as of period end.

(e) The rate represents effective yield at the time of purchase.

(f) Affiliated investment.

---

| |
|:---|
| Abbreviations used are defined below: |
| GMTN - Global Medium Term Note |
| MTN - Medium Term Note |
| REIT - Real Estate Investment Trust |
| SOFR - Secured Overnight Financing Rate |
| SOFR30A - Secured Overnight Financing Rate 30 Day Average |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** RBC Funds Trust

- **b. Investment Company Act file number:** 811-21475

- **c. CIK number of Registrant:** 0001272950

- **d. LEI of Registrant:** 549300456VUEP58RCU35

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 250 Nicollet Mall

  - **City:** Minneapolis

  - **State:** MN

  - **Foreign country:** US

  - **Zip / Postal Code:** 55401

  - **Telephone number:** 612-376-7000

**Item A.2. Information about the Series.**

- **a. Name of Series:** RBC BlueBay Ultra-Short Fixed Income Fund

- **b. EDGAR series identifier (if any):** S000043719

- **c. LEI of Series:** 5493005X23EI9LC0WP15

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $65096480.64

**Total Liabilities:** $327190.87

**Net Assets:** $64769289.77

**Cash Not Reported:** $787.49

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 892.38000000 | **1-Year:** 3099.67000000 | **5-Year:** 710.86000000 | **10-Year:** 0.31000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 83.34000000 | **1-Year:** 263.76000000 | **5-Year:** 54.70000000 | **10-Year:** 53.23000000 | **30-Year:** 25.78000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000135577 | 0.27%                | 0.26%                | 0.47%                |
| Class ID C000138516 | 0.36%                | 0.25%                | 0.36%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $12587.08                | $-31699.82                                 |
| Month 2  | $6511.17                 | $-77082.30                                 |
| Month 3  | $30404.92                | $-13803.10                                 |

**Designated Index Information**

- **Index Name:** ICE BofA US 1-Year Treasury Bill Index

- **Index Identifier:** G0O3

### Schedule of Portfolio Investments

| Name                                          | Title                                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Onslow Bay Financial LLC                      | OBX 2023-NQM1 Trust                                       | CUSIP: 670855AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    465219 | PA      | $464091.34    | 0.72%             | 2062-11-25      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| MET TOWER GLOBAL FUNDING                      | Met Tower Global Funding                                  | CUSIP: 58989V2J2<br>LEI: 635400OFJCY9IOGBGY57 | Long             | DBT              | CORP              | US        |    515000 | PA      | $516007.85    | 0.80%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RBC BlueBay U.S. Government Money Market Fund | RBC BlueBay U.S. Government Money Market Fund             | CUSIP: 74926P696<br>LEI: 549300RFDC5U7WLJKO50 | Long             | STIV             | RF                | US        |   4379840 | NS      | $4379839.81   | 6.76%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                | Morgan Stanley                                            | CUSIP: 61747YEZ4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    500000 | PA      | $500264.09    | 0.77%             | 2027-01-28      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| ALIMENTATION COUCHE-TARD                      | ALIMENTATION COUCHE-TARD INC                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    852000 | PA      | $850890.70    | 1.31%             | 2026-01-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MMP Capital                                   | MMP Capital 2025-A LLC                                    | CUSIP: 55317QAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    293177 | PA      | $295752.67    | 0.46%             | 2031-12-15      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables                 | Exeter Automobile Receivables Trust 2022-1                | CUSIP: 30167JAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    175962 | PA      | $175194.57    | 0.27%             | 2028-06-15      | Fixed         | 3.02%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                      | Toyota Motor Credit Corp                                  | CUSIP: 89236TMJ1<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    500000 | PA      | $501928.64    | 0.77%             | 2026-08-07      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Volvo Financial Equipment LLC                 | Volvo Financial Equipment LLC Series 2024-1               | CUSIP: 92887QAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    221641 | PA      | $221938.61    | 0.34%             | 2027-05-17      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl                | Santander Drive Auto Receivables Trust 2024-5             | CUSIP: 802920AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    275000 | PA      | $276301.33    | 0.43%             | 2029-08-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CON EDISON CO OF NY INC                       | Consolidated Edison Co of New York Inc                    | CUSIP: 209111GL1<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |    285000 | PA      | $285438.34    | 0.44%             | 2027-11-18      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                          | Bank of America Corp                                      | CUSIP: 06051GLE7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1500558.14   | 2.32%             | 2027-01-20      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY                      | CANADIAN PACIFIC RAILWAY CO                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $998614.90    | 1.54%             | 2026-01-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                           | JPMorgan Chase & Co                                       | CUSIP: 46647PBW5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $997149.50    | 1.54%             | 2027-02-04      | Fixed         | 1.04%                 | No            |                  2 | On Loan: No      |
| DLLMT LLC                                     | DLLMT 2024-1 LLC                                          | CUSIP: 23347AAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    238898 | PA      | $239371.40    | 0.37%             | 2027-02-22      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| MAC-CP 4.8 4/5/99                             | MCDONALDS CORP DISC COM 0.0 16JAN26                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    900000 | PA      | $898464.15    | 1.39%             | 2026-01-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                             | HSBC Holdings PLC                                         | CUSIP: 404280CM9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $990025.66    | 1.53%             | 2027-05-24      | Fixed         | 1.59%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                       | CarMax Auto Owner Trust 2022-1                            | CUSIP: 14317CAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    255000 | PA      | $253643.48    | 0.39%             | 2028-07-17      | Fixed         | 2.47%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                         | Wells Fargo & Co                                          | CUSIP: 95000U2F9<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $995842.79    | 1.54%             | 2027-06-17      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                 | Citigroup Inc                                             | CUSIP: 172967MZ1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1001221.17   | 1.55%             | 2027-06-09      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT                              | Bellemeade Re 2025-1 Ltd                                  | CUSIP: 07876NAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    644885 | PA      | $645273.05    | 1.00%             | 2035-10-25      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Kubota Credit Owner Trust                     | Kubota Credit Owner Trust 2025-2                          | CUSIP: 50117LAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    410000 | PA      | $412214.89    | 0.64%             | 2028-04-17      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                       | Hyundai Capital America                                   | CUSIP: 44891ADY0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1005085.63   | 1.55%             | 2027-06-23      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl                | Santander Drive Auto Receivables Trust 2022-2             | CUSIP: 80286MAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    556498 | PA      | $555809.60    | 0.86%             | 2029-07-16      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                        | NextEra Energy Capital Holdings Inc                       | CUSIP: 65339KCL2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    745000 | PA      | $753779.97    | 1.16%             | 2027-09-01      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| Exeter Select Automobile Recei                | Exeter Select Automobile Receivables Trust 2025-2         | CUSIP: 30185EAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    656361 | PA      | $658571.72    | 1.02%             | 2029-06-15      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Ally Auto Receivables Trust                   | ALLY AUTO RECEIVABLES TRUST 2023-A                        | CUSIP: 02008NAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    815000 | PA      | $822153.99    | 1.27%             | 2034-01-17      | Fixed         | 6.08%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                              | Deutsche Bank AG/New York NY                              | CUSIP: 251526CV9<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    430000 | PA      | $436880.38    | 0.67%             | 2028-02-08      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                        | Daimler Truck Finance North America LLC                   | CUSIP: 233853AY6<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152327.95    | 0.24%             | 2027-09-25      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                | Morgan Stanley                                            | CUSIP: 61772BAB9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $991325.09    | 1.53%             | 2027-05-04      | Fixed         | 1.59%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                      | Volkswagen Group of America Finance LLC                   | CUSIP: 928668CE0<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    425000 | PA      | $426056.10    | 0.66%             | 2026-03-20      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                       | Hyundai Capital America                                   | CUSIP: 44891ACX3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    300000 | PA      | $304216.87    | 0.47%             | 2027-03-19      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                            | BMW US Capital LLC                                        | CUSIP: 05565ECP8<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    290000 | PA      | $291361.33    | 0.45%             | 2026-08-13      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables                 | Exeter Automobile Receivables Trust 2024-3                | CUSIP: 30165AAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    246324 | PA      | $247169.81    | 0.38%             | 2028-09-15      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl                | Santander Drive Auto Receivables Trust 2023-4             | CUSIP: 802927AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    725000 | PA      | $731905.92    | 1.13%             | 2028-12-15      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Lease Trust                   | Volkswagen Auto Lease Trust 2024-A                        | CUSIP: 92866EAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    131486 | PA      | $131637.49    | 0.20%             | 2026-12-21      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization T                | Tricolor Auto Securitization Trust 2024-3                 | CUSIP: 89617AAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    480000 | PA      | $195200.14    | 0.30%             | 2028-12-15      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                           | Charles Schwab Corp/The                                   | CUSIP: 808513BZ7<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   1305000 | PA      | $1313535.80   | 2.03%             | 2027-03-03      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                           | JPMorgan Chase & Co                                       | CUSIP: 46647PEA0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151540.58    | 0.23%             | 2028-01-23      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| World OMNI Select Auto Trust                  | World Omni Select Auto Trust 2024-A                       | CUSIP: 98164LAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    225000 | PA      | $226129.85    | 0.35%             | 2030-02-15      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| GLAXOSMITHKLINE CAP INC                       | GLAXOSMITHKLINE LLC                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999795.30    | 1.54%             | 2026-01-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitizat                | Hyundai Auto Lease Securitization Trust 2024-B            | CUSIP: 44934FAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $606670.50    | 0.94%             | 2028-08-15      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                        | NextEra Energy Capital Holdings Inc                       | CUSIP: 65339KCS7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000357.14   | 1.54%             | 2026-01-29      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| SBNA Auto Receivables Trust                   | SBNA Auto Receivables Trust 2024-A                        | CUSIP: 78437PAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    483942 | PA      | $485739.60    | 0.75%             | 2028-12-15      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                         | Athene Global Funding                                     | CUSIP: 04685A2K6<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $989421.51    | 1.53%             | 2026-11-12      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| AVALONBAY COMMUNITIES                         | AVALONBAY COMMUNITIES INC                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999142.00    | 1.54%             | 2026-01-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| General Motors                                | GMF Floorplan Owner Revolving Trust                       | CUSIP: 361886DM3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $603610.93    | 0.93%             | 2028-11-15      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| PNC BANK NA                                   | PNC Bank NA                                               | CUSIP: 69353RFY9<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |    540000 | PA      | $540755.10    | 0.83%             | 2027-05-13      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                      | OBX 2025-NQM11 Trust                                      | CUSIP: 67449BAA1<br>LEI: 254900KNWDG7C03UTA13 | Long             | ABS-MBS          | CORP              | US        |    420475 | PA      | $424037.32    | 0.65%             | 2065-05-25      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                  | UBS Group AG                                              | CUSIP: 902613AS7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1000000 | PA      | $1003386.27   | 1.55%             | 2027-08-05      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| DT Auto Owner Trust                           | DT Auto Owner Trust 2022-3                                | CUSIP: 23345RAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     24144 | PA      | $24173.94     | 0.04%             | 2028-07-17      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables                 | Exeter Automobile Receivables Trust 2024-4                | CUSIP: 30166UAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $405214.73    | 0.63%             | 2030-08-15      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust                        | Marlette Funding Trust 2024-1                             | CUSIP: 57108VAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    264151 | PA      | $265376.71    | 0.41%             | 2034-07-17      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| MARS INC                                      | Mars Inc                                                  | CUSIP: 571676AW5<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    860000 | PA      | $866361.80    | 1.34%             | 2027-03-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl                | Santander Drive Auto Receivables Trust 2022-7             | CUSIP: 80287FAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     59917 | PA      | $59978.63     | 0.09%             | 2028-01-17      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                 | Citigroup Inc                                             | CUSIP: 172967NA5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $988253.63    | 1.53%             | 2027-06-09      | Fixed         | 1.46%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                          | Verizon Master Trust Series 2025-9                        | CUSIP: 92348KEY5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    685000 | PA      | $685936.65    | 1.06%             | 2030-10-21      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| MMAF Equipment Finance LLC                    | MMAF Equipment Finance LLC 2019-B                         | CUSIP: 55316EAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    283145 | PA      | $281110.49    | 0.43%             | 2041-11-12      | Fixed         | 2.29%                 | No            |                  2 | On Loan: No      |
| SBNA Auto Receivables Trust                   | SBNA Auto Receivables Trust 2025-SF1                      | CUSIP: 78437XAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    116096 | PA      | $116171.39    | 0.18%             | 2031-03-17      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| AXIS Equipment Finance Receiva                | Amur Equipment Finance Receivables XI LLC                 | CUSIP: 03236XAD9<br>LEI: 549300IFG1NMINYRYF89 | Long             | ABS-O            | CORP              | US        |    825000 | PA      | $830943.34    | 1.28%             | 2029-01-22      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                  | Synopsys Inc                                              | CUSIP: 871607AA5<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    500000 | PA      | $503539.63    | 0.78%             | 2027-04-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                    | LAD Auto Receivables Trust 2023-3                         | CUSIP: 50168BAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    425000 | PA      | $432059.45    | 0.67%             | 2028-12-15      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables                 | Exeter Automobile Receivables Trust 2023-2                | CUSIP: 30168CAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $763057.51    | 1.18%             | 2029-08-15      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| GEORGIA POWER CO                              | Georgia Power Co                                          | CUSIP: 373334KZ3<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |    570000 | PA      | $569338.69    | 0.88%             | 2026-09-15      | Floating      | 3.97%                 | No            |                  2 | On Loan: No      |
| CarMax Select Receivables Trus                | Carmax Select Receivables Trust 2024-A                    | CUSIP: 14319FAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $201855.94    | 0.31%             | 2028-11-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                  | Dell Equipment Finance Trust 2023-2                       | CUSIP: 24703GAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $502285.40    | 0.78%             | 2029-07-23      | Fixed         | 6.74%                 | No            |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                         | ARI Fleet Lease Trust 2023-A                              | CUSIP: 00218GAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $509455.05    | 0.79%             | 2032-02-17      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivable                | Westlake Automobile Receivables Trust 2022-2              | CUSIP: 96042VAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    156179 | PA      | $156692.55    | 0.24%             | 2027-09-15      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                      | Volkswagen Group of America Finance LLC                   | CUSIP: 928668CK6<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    450000 | PA      | $451505.16    | 0.70%             | 2026-08-14      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                    | Affirm Asset Securitization Trust 2024-X2                 | CUSIP: 00833QAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    125000 | PA      | $125391.02    | 0.19%             | 2029-12-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                       | Carmax Auto Owner Trust 2022-4                            | CUSIP: 14318UAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    105768 | PA      | $106069.95    | 0.16%             | 2027-08-16      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                        | American Honda Finance Corp                               | CUSIP: 02665WFS5<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    400000 | PA      | $400529.71    | 0.62%             | 2027-10-22      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                      | New York Life Global Funding                              | CUSIP: 64952WFJ7<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    475000 | PA      | $475709.58    | 0.73%             | 2027-10-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                             | HSBC Holdings PLC                                         | CUSIP: 404280EF2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    900000 | PA      | $917149.81    | 1.42%             | 2028-05-17      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                  | Dell Equipment Finance Trust 2023-3                       | CUSIP: 24702EAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $302419.69    | 0.47%             | 2029-10-22      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                            | Realty Income Corp                                        | CUSIP: 756109BY9<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    750000 | PA      | $750749.98    | 1.16%             | 2026-09-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                       | Goldman Sachs Group Inc/The                               | CUSIP: 38141GC77<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    900000 | PA      | $910264.86    | 1.41%             | 2028-04-23      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| HCA INC                                       | HCA Inc                                                   | CUSIP: 404121AH8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    500000 | PA      | $500799.08    | 0.77%             | 2026-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                      | OBX 2023-NQM4 Trust                                       | CUSIP: 67448GAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $400631.42    | 0.62%             | 2063-03-25      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                       | Hyundai Capital America                                   | CUSIP: 44891ADU8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    655000 | PA      | $662256.29    | 1.02%             | 2027-06-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                              | Duke Energy Corp                                          | CUSIP: 26441CAS4<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $991450.18    | 1.53%             | 2026-09-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables                 | Exeter Automobile Receivables Trust 2022-6                | CUSIP: 30168AAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    110359 | PA      | $110716.50    | 0.17%             | 2028-05-15      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                        | NextEra Energy Capital Holdings Inc                       | CUSIP: 65339KDG2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    400000 | PA      | $407449.84    | 0.63%             | 2028-02-04      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO GAS CAPITAL                       | Southern Co Gas Capital Corp                              | CUSIP: 8426EPAJ7<br>LEI: E8CD46SWUD2TSN8PA636 | Long             | DBT              | CORP              | US        |    340000 | PA      | $340171.74    | 0.53%             | 2028-09-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                         | ARI Fleet Lease Trust 2025-A                              | CUSIP: 04033CAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    366270 | PA      | $367749.92    | 0.57%             | 2034-01-17      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GM Financial Securitized Term                 | GM Financial Consumer Automobile Receivables Trust 2023-1 | CUSIP: 38013JAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    181942 | PA      | $182460.90    | 0.28%             | 2028-02-16      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| HCA INC                                       | HCA Inc                                                   | CUSIP: 404119CY3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    485000 | PA      | $494075.64    | 0.76%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Home Owner Mortgage Enhanced S                | HOMES 2025-NQM4 Trust                                     | CUSIP: 403958AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    783121 | PA      | $786253.20    | 1.21%             | 2070-08-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                         | Toronto-Dominion Bank/The                                 | CUSIP: 89115KAA8<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    900000 | PA      | $904097.68    | 1.40%             | 2028-06-02      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| HPEFS Equipment Trust                         | HPEFS Equipment Trust 2024-2                              | CUSIP: 40444MAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    375000 | PA      | $382315.99    | 0.59%             | 2032-04-20      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| AXIS Equipment Finance Receiva                | Amur Equipment Finance Receivables XI LLC                 | CUSIP: 03236XAE7<br>LEI: 549300IFG1NMINYRYF89 | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $809018.20    | 1.25%             | 2029-05-21      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                        | General Motors Financial Co Inc                           | CUSIP: 37045XDQ6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    865000 | PA      | $865964.75    | 1.34%             | 2027-02-26      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| SOLVENTUM CORP                                | Solventum Corp                                            | CUSIP: 83444MAN1<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |     99000 | PA      | $100421.31    | 0.16%             | 2027-02-25      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| WESTERN DIGITAL CORP                          | Western Digital Corp                                      | CUSIP: 958102AM7<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |    155000 | PA      | $154951.45    | 0.24%             | 2026-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Tesla Auto Lease Trust                        | Tesla Auto Lease Trust 2023-B                             | CUSIP: 88167QAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    395000 | PA      | $395000.00    | 0.61%             | 2027-08-20      | Fixed         | 6.57%                 | No            |                  2 | On Loan: No      |
| KROGER CO                                     | Kroger Co/The                                             | CUSIP: 501044DE8<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    750000 | PA      | $742217.41    | 1.15%             | 2026-10-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                           | Freddie Mac STACR REMIC Trust 2024-DNA2                   | CUSIP: 35564NDA8<br>LEI: 529900GRKKKHILZX4347 | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $100304.93    | 0.15%             | 2044-05-25      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust                  | Upstart Securitization Trust                              | CUSIP: 91684NAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    171009 | PA      | $170925.74    | 0.26%             | 2034-11-20      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                            | Credit Agricole SA                                        | CUSIP: 22535WAH0<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    360000 | PA      | $359248.87    | 0.55%             | 2027-01-26      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                         | Wells Fargo & Co                                          | CUSIP: 95000U2V4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1170000 | PA      | $1162261.60   | 1.79%             | 2028-03-24      | Fixed         | 3.53%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                          | Verizon Master Trust                                      | CUSIP: 92348KBK8<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $500145.84    | 0.77%             | 2029-01-22      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables Owner T                | Honda Auto Receivables 2022-2 Owner Trust                 | CUSIP: 43815PAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    525692 | PA      | $525672.40    | 0.81%             | 2028-12-18      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables                 | Exeter Automobile Receivables Trust 2021-3                | CUSIP: 30166AAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    473386 | PA      | $470356.60    | 0.73%             | 2027-06-15      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                      | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | CUSIP: 00774MAV7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    750000 | PA      | $740199.36    | 1.14%             | 2026-10-29      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Home Owner Mortgage Enhanced S                | HOMES 2025-AFC2 Trust                                     | CUSIP: 43761YAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    755588 | PA      | $761397.37    | 1.18%             | 2060-06-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/F                | Ford Credit Auto Owner Trust 2021-REV1                    | CUSIP: 345340AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    330000 | PA      | $327403.50    | 0.51%             | 2033-10-17      | Fixed         | 1.61%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables                 | Exeter Automobile Receivables Trust 2024-5                | CUSIP: 30165BAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    170000 | PA      | $170076.25    | 0.26%             | 2029-04-16      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| Navistar Financial Dealer Note                | Navistar Financial Dealer Note Master Owner Trust         | CUSIP: 63938PBW8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $753727.26    | 1.16%             | 2029-04-25      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                              | T-Mobile USA Inc                                          | CUSIP: 87264ABR5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $997406.03    | 1.54%             | 2026-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                | Carvana Auto Receivables Trust 2021-N4                    | CUSIP: 14687HAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    533262 | PA      | $521853.18    | 0.81%             | 2028-09-11      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Dext ABS                                      | Dext ABS 2025-2 LLC                                       | CUSIP: 252153AC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    450000 | PA      | $450247.35    | 0.70%             | 2036-04-15      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-24

**Name of Applicant:** RBC Funds Trust

**Signature:** Kathy Hegna

**Name of Signer:** Kathy Hegna

**Title:** Treasurer and Chief Financial Officer - RBC Funds, and Director of Mutual Fund Services | RBC Global Asset Management (U.S.) Inc.