# EDGAR Filing Document

**Accession Number:** 0001272950
**File Stem:** 0001752724-23-049562
**Filing Date:** 2023-3
**Character Count:** 103101
**Document Hash:** 911b3367720ceb80276f556440d2fdb2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-049562.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001752724-23-049562

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230301

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RBC FUNDS TRUST
- **CENTRAL INDEX KEY:** 0001272950
- **IRS NUMBER:** 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:** 23691122

**BUSINESS ADDRESS:**
- **STREET 1:** 50 SOUTH SIXTH STREET
- **STREET 2:** SUITE 2350
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402
- **BUSINESS PHONE:** 612-313-1341

**MAIL ADDRESS:**
- **STREET 1:** 50 SOUTH SIXTH STREET
- **STREET 2:** SUITE 2350
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402

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

## Series and Classes Contracts Data

### RBC BlueBay High Yield Bond Fund (Series ID: S000033481)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000102921 | Class A      | RHYAX           |
| C000102922 | Class I      | RGHYX           |

## Nport-Ex

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay High Yield Bond Fund

------

**December 31, 2022 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Principal<br>Amount** |  | **Value** |
|  **Corporate Bonds — 94.85%** | **Corporate Bonds — 94.85%** |  |
|  **Australia — 1.71%** | **Australia — 1.71%** |  |
| $3269000 | FMG Resources August 2006 Pty Ltd., 6.13%, 4/15/32(a) | $3050761 |
| 1463000 | Mineral Resources Ltd., 8.00%, 11/1/27(a) | 1494528 |
| 697000 | Mineral Resources Ltd., 8.50%, 5/1/30(a) | 706581 |
| 143548 | Quintis Australia Pty Ltd., PIK, 0.00%, 10/1/28(a),(b),(c) | 21676 |
| 220972 | Quintis Australia Pty Ltd., PIK, 7.50%, 10/1/26(a),(b),(c) | 147609 |
|  |  | 5421155 |
|  **Bermuda — 0.74%** | **Bermuda — 0.74%** |  |
| 2504964 | Highlands Holdings Bond Issuer Ltd. / Highlands Holdings Bond Co-Issuer, Inc., PIK, 7.63%, 10/15/25(a) | 2326798 |
|  **Brazil — 0.29%** | **Brazil — 0.29%** |  |
| 942000 | Aegea Finance Sarl, 6.75%, 5/20/29(d) | 927540 |
|  **Canada — 2.98%** | **Canada — 2.98%** |  |
| 1611000 | Bombardier, Inc., 6.00%, 2/15/28(a) | 1492588 |
| 534000 | Bombardier, Inc., 7.50%, 3/15/25(a) | 529823 |
| 4115000 | Intelligent Packaging Ltd. Finco, Inc. / Intelligent Packaging Ltd. Co-Issuer LLC, 6.00%, 9/15/28(a) | 3311192 |
| 1813000 | Kronos Acquisition Holdings, Inc. / KIK Custom Products, Inc., 5.00%, 12/31/26(a) | 1582687 |
| 1275000 | Kronos Acquisition Holdings, Inc. / KIK Custom Products, Inc., 7.00%, 12/31/27(a) | 1048310 |
| 1673000 | Primo Water Holdings, Inc., 4.38%, 4/30/29(a) | 1444866 |
|  |  | 9409466 |
|  **Cayman Islands — 0.93%** | **Cayman Islands — 0.93%** |  |
| 3442650 | Global Aircraft Leasing Co. Ltd., PIK, 6.50%, 9/15/24(a) | 2931313 |
|  **France — 3.86%** | **France — 3.86%** |  |
| 1150000 | Altice France SA, 5.13%, 7/15/29(a) | 859620 |
| 4661000 | Banijay Entertainment SASU, 5.38%, 3/1/25(a) | 4407478 |
| 1516000 | BNP Paribas SA, 7.75%, (a),(e),(f) | 1497050 |
| 2354000 | Iliad Holding SASU, 6.50%, 10/15/26(a) | 2186404 |
| 2431000 | Iliad Holding SASU, 7.00%, 10/15/28(a) | 2203337 |
|  1,080,000(g) | Loxam SAS, 4.50%, 2/15/27(a) | 1051270 |
|  |  | 12205159 |
|  **Germany — 3.12%** | **Germany — 3.12%** |  |
| 2197000 | Cheplapharm Arzneimittel GmbH, 5.50%, 1/15/28(a) | 1832117 |
| 1400000 | Commerzbank AG, 7.00%, (d),(e),(f) | 1329006 |
| 2589000 | Deutsche Bank AG, 4.88%, 12/1/32(e) | 2150918 |
| 2055000 | IHO Verwaltungs GmbH, PIK, 4.75%, 9/15/26(a) | 1780401 |

---

**1** 

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay High Yield Bond Fund (cont.)

------

**December 31, 2022 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Principal<br>Amount** |  | **Value** |
| $1432904 | IHO Verwaltungs GmbH, PIK, 6.00%, 5/15/27(a) | $1258448 |
| 1575000 | ZF North America Capital, Inc., 4.75%, 4/29/25(a) | 1497615 |
|  |  | 9848505 |
|  **India — 0.38%** | **India — 0.38%** |  |
| 1314000 | CA Magnum Holdings, 5.38%, 10/31/26(a) | 1195740 |
|  **Ireland — 0.88%** | **Ireland — 0.88%** |  |
| 2813000 | Bank of Ireland Group Plc, 6.25%, 9/16/26(a),(e) | 2792967 |
|  **Italy — 2.00%** | **Italy — 2.00%** |  |
| 1550000 | Intesa Sanpaolo SpA, 7.70%, (a),(e),(f) | 1408929 |
| 2320000 | Telecom Italia Capital SA, 6.38%, 11/15/33 | 1897296 |
| 3426000 | UniCredit SpA, 5.86%, 6/19/32(a),(e) | 3009068 |
|  |  | 6315293 |
|  **Luxembourg — 0.86%** | **Luxembourg — 0.86%** |  |
| 1620000 | Altice Financing SA, 5.00%, 1/15/28(a) | 1308652 |
| 1778000 | Altice Financing SA, 5.75%, 8/15/29(a) | 1401173 |
|  |  | 2709825 |
|  **Mexico — 0.47%** | **Mexico — 0.47%** |  |
| 1500000 | Banco Mercantil del Norte SA, 8.38%, (d),(e),(f) | 1487463 |
|  **Netherlands — 0.28%** | **Netherlands — 0.28%** |  |
| 1000000 | UPC Holding BV, 5.50%, 1/15/28(a) | 894188 |
|  **United Arab Emirates — 0.89%** | **United Arab Emirates — 0.89%** |  |
| 2922000 | GEMS MENASA Cayman Ltd. / GEMS Education Delaware LLC, 7.13%, 7/31/26(a) | 2816764 |
|  **United Kingdom — 2.71%** | **United Kingdom — 2.71%** |  |
| 1985000 | Barclays Plc, 7.39%, 11/2/28(e) | 2069593 |
| 1554000 | Barclays Plc, 8.00%, (e),(f) | 1464490 |
| 2369000 | Standard Chartered Plc, 7.75%, (a),(e),(f) | 2353459 |
| 3300000 | Vmed O2 UK Financing I Plc, 4.75%, 7/15/31(a) | 2686451 |
|  |  | 8573993 |
|  **United States — 72.75%** | **United States — 72.75%** |  |
|  1,000,000(g) | Adient Global Holdings Ltd., 3.50%, 8/15/24(d) | 1020574 |
| 2400000 | Adient Global Holdings Ltd., 4.88%, 8/15/26(a) | 2234856 |
| 2071000 | ADT Security Corp. (The), 4.13%, 6/15/23 | 2057657 |
| 1731000 | ADT Security Corp. (The), 4.13%, 8/1/29(a) | 1483868 |
| 1149000 | Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC, 3.50%, 3/15/29(a) | 963480 |
| 2279000 | Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC, 7.50%, 3/15/26(a) | 2333027 |

---

**2** 

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay High Yield Bond Fund (cont.)

------

**December 31, 2022 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Principal<br>Amount** |  | **Value** |
| $1012000 | Allison Transmission, Inc., 5.88%, 6/1/29(a) | $950215 |
| 1534000 | Ardagh Packaging Finance Plc / Ardagh Holdings USA, Inc., 5.25%, 4/30/25(a) | 1461442 |
| 1760000 | Asbury Automotive Group, Inc., 4.50%, 3/1/28 | 1549875 |
| 2355000 | Asbury Automotive Group, Inc., 5.00%, 2/15/32(a) | 1942780 |
| 1830000 | ASP Unifrax Holdings, Inc., 5.25%, 9/30/28(a) | 1473685 |
| 1550333 | BCPE Ulysses Intermediate, Inc., PIK, 7.75%, 4/1/27(a) | 959353 |
|  463,000(g) | Belden, Inc., 3.38%, 7/15/31(d) | 411575 |
| 3044000 | Boxer Parent Co., Inc., 7.13%, 10/2/25(a) | 2985391 |
| 922000 | Boyne USA, Inc., 4.75%, 5/15/29(a) | 825514 |
| 3208000 | Bread Financial Holdings, Inc., 7.00%, 1/15/26(a) | 2845251 |
| 2281000 | Brundage-Bone Concrete Pumping Holdings, Inc., 6.00%, 2/1/26(a) | 2081480 |
| 2011000 | Builders FirstSource, Inc., 4.25%, 2/1/32(a) | 1637208 |
| 1000000 | Builders FirstSource, Inc., 5.00%, 3/1/30(a) | 891460 |
| 1019000 | Cablevision Lightpath LLC, 3.88%, 9/15/27(a) | 846086 |
| 1216000 | Cablevision Lightpath LLC, 5.63%, 9/15/28(a) | 910003 |
| 2952000 | Caesars Entertainment, Inc., 6.25%, 7/1/25(a) | 2872064 |
| 555000 | Caesars Resort Collection LLC / CRC Finco, Inc., 5.75%, 7/1/25(a) | 543902 |
| 3236000 | Carriage Services, Inc., 4.25%, 5/15/29(a) | 2591705 |
| 2355000 | CCO Holdings LLC / CCO Holdings Capital Corp., 4.50%, 6/1/33(a) | 1813534 |
| 1666000 | CCO Holdings LLC / CCO Holdings Capital Corp., 4.75%, 3/1/30(a) | 1438904 |
| 2260376 | CCO Holdings LLC / CCO Holdings Capital Corp., 5.13%, 5/1/27(a) | 2109194 |
| 3318000 | Cedar Fair LP / Canada's Wonderland Co. / Magnum Management Corp. / Millennium Op, 5.50%, 5/1/25(a) | 3278589 |
| 2715000 | Central Garden & Pet Co., 4.13%, 4/30/31(a) | 2249615 |
| 1072000 | Chart Industries, Inc., 7.50%, 1/1/30(a) | 1076449 |
| 2078000 | Chart Industries, Inc., 9.50%, 1/1/31(a) | 2131166 |
| 2619000 | CHS/Community Health Systems, Inc., 8.00%, 3/15/26(a) | 2387653 |
| 3730000 | Clarios Global LP / Clarios US Finance Co., 6.25%, 5/15/26(a) | 3654468 |
| 3667000 | CMG Media Corp., 8.88%, 12/15/27(a) | 2759044 |
| 1676000 | Condor Merger Sub, Inc., 7.38%, 2/15/30(a) | 1353511 |
| 2229000 | Constellium SE, 3.75%, 4/15/29(a) | 1807302 |
| 1025000 | Constellium SE, 5.63%, 6/15/28(a) | 940712 |
| 4380000 | Coty, Inc., 5.00%, 4/15/26(a) | 4174883 |
| 3807000 | CQP Holdco LP / BIP-V Chinook Holdco LLC, 5.50%, 6/15/31(a) | 3335755 |
| 1049000 | CSC Holdings LLC, 7.50%, 4/1/28(a) | 710897 |
| 500000 | Dana, Inc., 4.50%, 2/15/32 | 403675 |
| 898000 | Darling Ingredients, Inc., 6.00%, 6/15/30(a) | 880114 |
| 3813000 | Dealer Tire LLC / DT Issuer LLC, 8.00%, 2/1/28(a) | 3249058 |
| 1992000 | Directv Financing LLC / Directv Financing Co-Obligor, Inc., 5.88%, 8/15/27(a) | 1786368 |
| 2214000 | DISH DBS Corp., 5.25%, 12/1/26(a) | 1867574 |
| 1699000 | DISH DBS Corp., 5.75%, 12/1/28(a) | 1357111 |

---

**3** 

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay High Yield Bond Fund (cont.)

------

**December 31, 2022 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Principal<br>Amount** |  | **Value** |
| $2158000 | Domtar Corp., 6.75%, 10/1/28(a) | $1872246 |
| 3061000 | Ferrellgas LP / Ferrellgas Finance Corp., 5.38%, 4/1/26(a) | 2788959 |
| 634000 | Ferrellgas LP / Ferrellgas Finance Corp., 5.88%, 4/1/29(a) | 519893 |
| 1030000 | Ford Motor Co., 4.75%, 1/15/43 | 745193 |
| 1897000 | Ford Motor Co., 6.10%, 8/19/32 | 1757491 |
| 4166000 | Ford Motor Credit Co. LLC, 2.70%, 8/10/26 | 3617748 |
| 2260000 | Ford Motor Credit Co. LLC, 4.54%, 8/1/26 | 2085530 |
| 3402000 | Forestar Group, Inc., 3.85%, 5/15/26(a) | 3024847 |
| 786000 | Fortress Transportation and Infrastructure Investors LLC, 5.50%, 5/1/28(a) | 669940 |
| 1240750 | Freedom Mortgage Corp., 6.63%, 1/15/27(a) | 969248 |
| 1229000 | Freedom Mortgage Corp., 8.13%, 11/15/24(a) | 1129485 |
| 956000 | Gap, Inc. (The), 3.63%, 10/1/29(a) | 680306 |
| 1254000 | Gap, Inc. (The), 3.88%, 10/1/31(a) | 884676 |
| 1200000 | Gen Digital, Inc., 6.75%, 9/30/27(a) | 1178208 |
| 1040000 | Gen Digital, Inc., 7.13%, 9/30/30(a) | 1024521 |
| 1602000 | Global Partners LP / GLP Finance Corp., 6.88%, 1/15/29 | 1450969 |
| 1694000 | Global Partners LP / GLP Finance Corp., 7.00%, 8/1/27 | 1616647 |
| 1851000 | GPD Cos., Inc., 10.13%, 4/1/26(a) | 1583973 |
| 1100000 | Gray Television, Inc., 5.88%, 7/15/26(a) | 980034 |
| 2446000 | Gray Television, Inc., 7.00%, 5/15/27(a) | 2172530 |
| 3317000 | Griffon Corp., 5.75%, 3/1/28 | 3033336 |
| 1100000 | Host Hotels & Resorts LP, REIT, 3.50%, 9/15/30 | 907403 |
| 3055000 | International Game Technology Plc, 4.13%, 4/15/26(a) | 2862107 |
| 960000 | International Game Technology Plc, 6.50%, 2/15/25(a) | 964176 |
| 3172000 | IRB Holding Corp., 7.00%, 6/15/25(a) | 3163382 |
| 458000 | Iron Mountain, Inc., REIT, 5.25%, 7/15/30(a) | 397751 |
| 3627000 | ITT Holdings LLC, 6.50%, 8/1/29(a) | 3060395 |
| 1910000 | Jefferies Finance LLC / JFIN Co-Issuer Corp., 5.00%, 8/15/28(a) | 1559765 |
| 518000 | Kontoor Brands, Inc., 4.13%, 11/15/29(a) | 416889 |
| 1103000 | LABL, Inc., 5.88%, 11/1/28(a) | 943356 |
| 2278000 | LBM Acquisition LLC, 6.25%, 1/15/29(a) | 1477415 |
| 2000000 | LCPR Senior Secured Financing DAC, 5.13%, 7/15/29(a) | 1644870 |
| 2045000 | LCPR Senior Secured Financing DAC, 6.75%, 10/15/27(a) | 1917310 |
| 1522000 | Legacy LifePoint Health LLC, 4.38%, 2/15/27(a) | 1288250 |
| 834000 | Lithia Motors, Inc., 4.38%, 1/15/31(a) | 684407 |
| 4119000 | Macy's Retail Holdings LLC, 6.13%, 3/15/32(a) | 3462144 |
| 2663000 | MasTec, Inc., 4.50%, 8/15/28(a) | 2387164 |
| 3659000 | Matthews International Corp., 5.25%, 12/1/25(a) | 3454572 |
| 1724000 | Medline Borrower LP, 3.88%, 4/1/29(a) | 1389473 |
| 1841000 | Metis Merger Sub LLC, 6.50%, 5/15/29(a) | 1556754 |
| 901000 | Nationstar Mortgage Holdings, Inc., 5.50%, 8/15/28(a) | 737151 |
| 1045000 | Nationstar Mortgage Holdings, Inc., 6.00%, 1/15/27(a) | 937320 |
| 3292000 | Neptune Bidco US, Inc., 9.29%, 4/15/29(a) | 3101864 |
| 1601000 | NESCO Holdings II, Inc., 5.50%, 4/15/29(a) | 1411677 |
| 1000000 | Newell Brands, Inc., 6.63%, 9/15/29 | 987008 |
| 2037000 | Nexstar Media, Inc., 5.63%, 7/15/27(a) | 1870875 |
| 3500000 | Nissan Motor Acceptance Co. LLC, 2.00%, 3/9/26(a) | 3012740 |

---

**4** 

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay High Yield Bond Fund (cont.)

------

**December 31, 2022 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Principal<br>Amount** |  | **Value** |
| $1897000 | NuStar Logistics LP, 5.75%, 10/1/25 | $1832535 |
| 1996000 | OT Merger Corp., 7.88%, 10/15/29(a) | 1014553 |
| 1104000 | Pike Corp., 5.50%, 9/1/28(a) | 965009 |
| 1464000 | Post Holdings, Inc., 5.75%, 3/1/27(a) | 1417650 |
| 2014000 | Railworks Holdings LP / Railworks Rally, Inc., 8.25%, 11/15/28(a) | 1866925 |
| 3724000 | Rayonier AM Products, Inc., 7.63%, 1/15/26(a) | 3580177 |
| 2070000 | Realogy Group LLC / Realogy Co.-Issuer Corp., 5.25%, 4/15/30(a) | 1509409 |
| 963000 | RegionalCare Hospital Partners Holdings, Inc. / LifePoint Health, Inc., 9.75%, 12/1/26(a) | 775268 |
| 1063000 | Resolute Forest Products, Inc., 4.88%, 3/1/26(a) | 1045861 |
| 930000 | Rockies Express Pipeline LLC, 4.80%, 5/15/30(a) | 813361 |
| 2167000 | Rockies Express Pipeline LLC, 4.95%, 7/15/29(a) | 1967514 |
| 1904000 | Scientific Games Holdings LP/Scientific Games US FinCo, Inc., 6.63%, 3/1/30(a) | 1607752 |
| 3542000 | Sinclair Television Group, Inc., 4.13%, 12/1/30(a) | 2644493 |
| 3206000 | Sirius XM Radio, Inc., 4.00%, 7/15/28(a) | 2783235 |
| 3466000 | Smyrna Ready Mix Concrete LLC, 6.00%, 11/1/28(a) | 3099431 |
| 3882000 | Specialty Building Products Holdings LLC / SBP Finance Corp., 6.38%, 9/30/26(a) | 3118087 |
| 2835000 | Sprint LLC, 7.13%, 6/15/24 | 2892596 |
| 1817000 | Summer BC Bidco B LLC, 5.50%, 10/31/26(a) | 1471645 |
| 2692000 | Sylvamo Corp., 7.00%, 9/1/29(a) | 2570022 |
| 1566000 | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp., 6.00%, 3/1/27(a) | 1464210 |
| 1600000 | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp., 7.50%, 10/1/25(a) | 1614065 |
| 1053000 | Taylor Morrison Communities, Inc. / Taylor Morrison Holdings II, Inc., 5.63%, 3/1/24(a) | 1036152 |
| 4150000 | TEGNA, Inc., 5.00%, 9/15/29 | 3928707 |
| 1591000 | Tenet Healthcare Corp., 6.13%, 10/1/28(a) | 1427709 |
| 1441000 | Tenet Healthcare Corp., 6.25%, 2/1/27(a) | 1384090 |
|  1,087,000(g) | TI Automotive Finance Plc, 3.75%, 4/15/29(d) | 857500 |
| 2925000 | TransDigm, Inc., 6.25%, 3/15/26(a) | 2890844 |
| 1299000 | U.S. Foods, Inc., 4.63%, 6/1/30(a) | 1147840 |
| 824919 | Univision Communications, Inc., 5.13%, 2/15/25(a) | 785868 |
| 2713000 | Univision Communications, Inc., 6.63%, 6/1/27(a) | 2620184 |
| 615000 | Univision Communications, Inc., 7.38%, 6/30/30(a) | 588495 |
| 1345000 | Venture Global Calcasieu Pass LLC, 4.13%, 8/15/31(a) | 1146624 |
| 2257000 | VICI Properties LP / VICI Note Co., Inc., REIT, 3.50%, 2/15/25(a) | 2134876 |
| 1638000 | VICI Properties LP / VICI Note Co., Inc., REIT, 4.63%, 6/15/25(a) | 1570549 |
| 1844000 | Victoria's Secret & Co., 4.63%, 7/15/29(a) | 1446899 |
| 521000 | Voyager Aviation Holdings LLC, 8.50%, 5/9/26(a) | 432435 |
| 1133000 | Western Midstream Operating LP, 5.45%, 4/1/44 | 946305 |
| 1546000 | White Cap Buyer LLC, 6.88%, 10/15/28(a) | 1347118 |

---

**5** 

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay High Yield Bond Fund (cont.)

------

**December 31, 2022 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Principal<br>Amount** |  | **Value** |
| $1037000 | White Cap Parent LLC, PIK, 8.25%, 3/15/26(a) | $895975 |
| 1267000 | Yum! Brands, Inc., 3.88%, 11/1/23 | 1246653 |
|  |  | 229908646 |
|  **Total Corporate Bonds**<br> (Cost $327,598,617) | **Total Corporate Bonds**<br> (Cost $327,598,617) | **299764815** |
|  **U.S. Treasury Obligations — 1.37%** | **U.S. Treasury Obligations — 1.37%** |  |
|  **United States — 1.37%** | **United States — 1.37%** |  |
| 4350000 | U.S. Treasury Notes, 4.50%, 11/30/24 | 4350340 |
|  **Total U.S. Treasury Obligations**<br> (Cost $4,360,916) | **Total U.S. Treasury Obligations**<br> (Cost $4,360,916) | **4350340** |
| **Shares** |  |  |
|  **Common Stocks — 0.06%** | **Common Stocks — 0.06%** |  |
|  **United Kingdom — 0.00%** | **United Kingdom — 0.00%** |  |
| 12023 | AVTCAP WARR\* | 3873 |
|  **United States — 0.06%** | **United States — 0.06%** |  |
| 70137 | Quintis Ltd.\*,(b),(c),(h) | 1403 |
| 1445 | Voyager Aviation Holdings LLC\* | 176651 |
| 241 | Voyager Aviation Holdings LLC\*,(b),(c),(h) | 0 |
| 12785 | W R Grace & Co.\*,(b),(c),(h) | 601 |
|  |  | 178655 |
|  **Total Common Stocks**<br> (Cost $3) | **Total Common Stocks**<br> (Cost $3) | **182528** |
|  **Rights/Warrants — 0.00%** | **Rights/Warrants — 0.00%** |  |
|  **Mexico — 0.00%** | **Mexico — 0.00%** |  |
| 3026 | Urbi Desarrollos Urbanos SAB de CV Warrants, Expire 12/31/49\* | 0 |
|  **Total Rights/Warrants**<br> (Cost $0) | **Total Rights/Warrants**<br> (Cost $0) | **0** |
|  **Investment Company — 1.62%** | **Investment Company — 1.62%** |  |
| 5110042 | U.S. Government Money Market Fund, |  |
|  | RBC Institutional Class 1 (i) | 5110042 |
|  **Total Investment Company**<br> (Cost $5,110,042) | **Total Investment Company**<br> (Cost $5,110,042) | **5110042** |
|  **Total Investments**<br> (Cost $337,069,578) — 97.90% | **Total Investments**<br> (Cost $337,069,578) — 97.90% | $**309407725** |
|  **Other assets in excess of liabilities — 2.10%** | **Other assets in excess of liabilities — 2.10%** | **6627662** |
|  **NET ASSETS — 100.00%** | **NET ASSETS — 100.00%** | $**316035387** |

---

**6** 

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay High Yield Bond Fund (cont.)

------

**December 31, 2022 (Unaudited)** 

------

\* Non-income producing security.

(a) 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.

(b) The Pricing Committee has fair valued this security under procedures established by the Fund's Board of
Trustees.

(c) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value
hierarchy.

(d) This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S
of the Securities Act of 1933.

(e) 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.

(f) Perpetual security with no stated maturity date.

(g) Principal amount denoted in Euros.

(h) Security delisted or issuer in bankruptcy.

(i) Affiliated investment.

**7** 

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay High Yield Bond Fund (cont.)

------

**December 31, 2022 (Unaudited)** 

**Foreign currency exchange contracts as of December 31, 2022:** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | **Settlement<br>Date** | **Value/Unrealized<br>Appreciation<br>(Depreciation)** |
| GBP | 550000 | USD | 663346 | Citibank N.A. | 1/19/23 | $1947 |
| USD | 899672 | EUR | 850000 | Citibank N.A. | 1/19/23 | (11490) |
| USD | 1300162 | EUR | 1314564 | Citibank N.A. | 1/19/23 | (108992) |
| USD | 498530 | EUR | 504050 | Citibank N.A. | 1/19/23 | (41789) |
| USD | 1088224 | EUR | 1100386 | Citibank N.A. | 1/19/23 | (91342) |
| USD | 790725 | GBP | 690000 | Citibank N.A. | 1/19/23 | (43916) |
|  |  |  |  |  |  | $(297529) |
| **Total** |  |  |  |  |  | $(295582) |

---

**Credit default swaps sell protection as of December 31, 2022:** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Fixed<br>Rate** | **Issuer** | **Payment<br>Frequency** | **Counterparty** | **Expiration**<br> **Date** | **ICS** | **Notional**<br>**Amount**<br>**(000)** | **Premium**<br>**Paid/<br>(Received)** | **Unreal.**<br>**App.** | **Value** |
| 5.00% | ICE - CDX HY S39 DEC-27 | Quarterly | Morgan Stanley | 12/20/27 | 0.043 | USD 9,899 | $23046 | $53854 | $76900 |
| **Total** |  |  |  |  |  |  | $23046 | $53854 | $76900 |

---

Abbreviations used are defined below:

EUR - Euro

GBP - United Kingdom Pound Sterling

REIT - Real Estate Investment Trust

USD - United States Dollar

**8** 

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay High Yield Bond Fund (cont.)

------

**December 31, 2022 (Unaudited)** 

Portfolio Diversification (Unaudited)

---

| | |
|:---|:---|
| Industries | Percentage<br>of Net Assets |
|  Consumer, Cyclical | 24.41% |
|  Communications | 18.20% |
|  Consumer, Non-cyclical | 13.86% |
|  Financial | 12.72% |
|  Industrial | 10.87% |
|  Basic Materials | 6.41% |
|  Energy | 6.09% |
|  Technology | 1.75% |
|  Government | 1.37% |
|  Utilities | 0.60% |
|  Other\* | 3.72% |
|  | 100.00% |

---

\* Includes cash, Investment Company, interest and dividend receivable, pending trades and Fund share transactions, warrants, credit default swaps, foreign currency exchange contracts and accrued expenses payable.

**9**

## 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:** 50 South Sixth Street

  - **City:** Minneapolis

  - **State:** MN

  - **Foreign country:** US

  - **Zip / Postal Code:** 55402

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

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

- **a. Name of Series:** RBC BlueBay High Yield Bond Fund

- **b. EDGAR series identifier (if any):** S000033481

- **c. LEI of Series:** 549300R60UYQ0PTUI721

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

- **a. Date of fiscal year-end:** 2023-09-30

- **b. Date as of which information is reported:** 2022-12-30

**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:** $316980905.20

**Total Liabilities:** $512119.94

**Net Assets:** $316468785.26

**Cash Not Reported:** $4906849.60

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00024973 | **1-Year:** 0.01070483 | **5-Year:** 0.09086931 | **10-Year:** 0.01050216 | **30-Year:** 0.00214490

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

- **3-Month:** 0.00538994 | **1-Year:** 0.10088943 | **5-Year:** 0.81268001 | **10-Year:** 0.31729179 | **30-Year:** 0.00008766

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000102921 | 2.70%                | 2.44%                | -0.42%               |
| Class ID C000102922 | 2.80%                | 2.33%                | -0.37%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2428574.65             | $8185923.01                                |
| Month 2  | $-1555370.10             | $7000796.53                                |
| Month 3  | $-818980.91              | $-2597089.95                               |

**Designated Index Information**

- **Index Name:** ICE BofA US High Yield Index

- **Index Identifier:** H0A0

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| RESOLUTE FOREST PRODUCTS                   | Resolute Forest Products Inc                                                    | CUSIP: 76117WAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1063000 | PA      | $1045860.88   | 0.33%             | 2026-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| IHO VERWALTUNGS GMBH                       | IHO Verwaltungs GmbH                                                            | CUSIP: 80627DAC0<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |   2055000 | PA      | $1780400.63   | 0.56%             | 2026-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GRAY TELEVISION INC                        | Gray Television Inc                                                             | CUSIP: 389375AJ5<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $980034.31    | 0.31%             | 2026-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AEGEA FINANCE SARL                         | Aegea Finance Sarl                                                              | CUSIP: 000000000<br>LEI: 213800V6WTKUT1XWIZ47 | Long             | DBT              | CORP              | LU        |    942000 | PA      | $927540.30    | 0.29%             | 2029-05-20      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                   | Venture Global Calcasieu Pass LLC                                               | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |   1345000 | PA      | $1146624.15   | 0.36%             | 2031-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MATTHEWS INTERNATIONAL C                   | Matthews International Corp                                                     | CUSIP: 577128AA9<br>LEI: 549300ZVC5O0ATML6U61 | Long             | DBT              | CORP              | US        |   3659000 | PA      | $3454571.85   | 1.09%             | 2025-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                         | Ford Motor Co                                                                   | CUSIP: 345370CQ1<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   1030000 | PA      | $745193.12    | 0.24%             | 2043-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                      | Mineral Resources Ltd                                                           | CUSIP: 603051AD5<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    697000 | PA      | $706580.96    | 0.22%             | 2030-05-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Citibank, National Association             | GBP/USD FORWARD                                                                 | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-43916.07    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| INTERNATIONAL GAME TECH                    | International Game Technology PLC                                               | CUSIP: 460599AC7<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |    960000 | PA      | $964176.00    | 0.30%             | 2025-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                   | Univision Communications Inc                                                    | CUSIP: 914906AU6<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   2713000 | PA      | $2620183.71   | 0.83%             | 2027-06-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| UPC HOLDING BV                             | UPC Holding BV                                                                  | CUSIP: 90320LAG2<br>LEI: 213800G1DU7LKI6ZCD69 | Long             | DBT              | CORP              | NL        |   1000000 | PA      | $894187.50    | 0.28%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                            | United States Treasury Note/Bond                                                | CUSIP: 91282CFX4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4350000 | PA      | $4350339.87   | 1.37%             | 2024-11-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CABLEVISION LIGHTPATH                      | Cablevision Lightpath LLC                                                       | CUSIP: 12687GAB5<br>LEI: 5493002ZVBLRLGES1R71 | Long             | DBT              | CORP              | US        |   1216000 | PA      | $910003.30    | 0.29%             | 2028-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                               | US Foods Inc                                                                    | CUSIP: 90290MAE1<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |   1299000 | PA      | $1147839.90   | 0.36%             | 2030-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| LCPR SR SECURED FIN DAC                    | LCPR Senior Secured Financing DAC                                               | CUSIP: 50201DAA1<br>LEI: 549300LE5FM8IKMXSP90 | Long             | DBT              | CORP              | IE        |   2045000 | PA      | $1917310.20   | 0.61%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CABLEVISION LIGHTPATH                      | Cablevision Lightpath LLC                                                       | CUSIP: 12687GAA7<br>LEI: 5493002ZVBLRLGES1R71 | Long             | DBT              | CORP              | US        |   1019000 | PA      | $846085.89    | 0.27%             | 2027-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                   | Banco Mercantil del Norte SA/Grand Cayman                                       | CUSIP: 000000000<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |   1500000 | PA      | $1487462.55   | 0.47%             | N/A             | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                     | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2260376 | PA      | $2109194.07   | 0.67%             | 2027-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                       | Chart Industries Inc                                                            | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |   1072000 | PA      | $1076448.90   | 0.34%             | 2030-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| RAYONIER AM PROD INC                       | Rayonier AM Products Inc                                                        | CUSIP: 75508EAB4<br>LEI: 549300ZGRDDK1QM6MM16 | Long             | DBT              | CORP              | US        |   3724000 | PA      | $3580176.70   | 1.13%             | 2026-01-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| BANK OF IRELAND GROUP                      | Bank of Ireland Group PLC                                                       | CUSIP: 06279JAC3<br>LEI: 635400C8EK6DRI12LJ39 | Long             | DBT              | CORP              | IE        |   2813000 | PA      | $2792967.22   | 0.88%             | 2026-09-16      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                         | Ford Motor Co                                                                   | CUSIP: 345370DB3<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   1897000 | PA      | $1757490.94   | 0.56%             | 2032-08-19      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                     | Standard Chartered PLC                                                          | CUSIP: 853254CM0<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   2369000 | PA      | $2353459.36   | 0.74%             | N/A             | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                          | Iliad Holding SASU                                                              | CUSIP: 449691AA2<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |   2354000 | PA      | $2186404.38   | 0.69%             | 2026-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                     | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC           | CUSIP: 013092AG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1149000 | PA      | $963480.35    | 0.30%             | 2029-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                       | Neptune Bidco US Inc                                                            | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |   3292000 | PA      | $3101864.22   | 0.98%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| Citibank, National Association             | USD/GBP FORWARD                                                                 | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $1946.99      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                      | Directv Financing LLC / Directv Financing Co-Obligor Inc                        | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1992000 | PA      | $1786367.73   | 0.56%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| QUINTIS AUS PTY LTD                        | Quintis Australia Pty Ltd                                                       | CUSIP: 74877UAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |    220972 | PA      | $178987.32    | 0.06%             | 2026-10-01      | Fixed         | 7.50%                 | No            |                  3 | On Loan: No      |
| UNIFRAX ESCROW ISS CORP                    | ASP Unifrax Holdings Inc                                                        | CUSIP: 90473LAA0<br>LEI: 549300RRU6BWJLD0YT71 | Long             | DBT              | CORP              | US        |   1830000 | PA      | $1473685.02   | 0.47%             | 2028-09-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO INC                        | Sirius XM Radio Inc                                                             | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   3206000 | PA      | $2783234.88   | 0.88%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                     | Adient Global Holdings Ltd                                                      | CUSIP: 00687YAA3<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |   2400000 | PA      | $2234856.00   | 0.71%             | 2026-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Citibank, National Association             | USD/EUR FORWARD                                                                 | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-41789.38    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BREAD FINANCIAL HLDGS                      | Bread Financial Holdings Inc                                                    | CUSIP: 018581AL2<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |   3208000 | PA      | $2845251.01   | 0.90%             | 2026-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                          | Post Holdings Inc                                                               | CUSIP: 737446AM6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   1464000 | PA      | $1417649.69   | 0.45%             | 2027-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CONSTELLIUM SE                             | Constellium SE                                                                  | CUSIP: 21039CAB0<br>LEI: 724500KRJEMC79KAAU28 | Long             | DBT              | CORP              | FR        |   2229000 | PA      | $1807301.95   | 0.57%             | 2029-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                   | Ford Motor Credit Co LLC                                                        | CUSIP: 345397ZW6<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   2260000 | PA      | $2085529.88   | 0.66%             | 2026-08-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                           | Altice France SA/France                                                         | CUSIP: 02156LAF8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   1150000 | PA      | $859620.40    | 0.27%             | 2029-07-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                               | ADT Security Corp/The                                                           | CUSIP: 00109LAA1<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |   1731000 | PA      | $1483868.47   | 0.47%             | 2029-08-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| FMG RESOURCES AUG 2006                     | FMG Resources August 2006 Pty Ltd                                               | CUSIP: 30251GBE6<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |   3269000 | PA      | $3050761.56   | 0.96%             | 2032-04-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL GAME TECH                    | International Game Technology PLC                                               | CUSIP: 460599AF0<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |   3055000 | PA      | $2862107.30   | 0.90%             | 2026-04-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                   | CHS/Community Health Systems Inc                                                | CUSIP: 12543DBC3<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   2619000 | PA      | $2387653.04   | 0.75%             | 2026-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| DOMTAR CORP                                | Domtar Corp                                                                     | CUSIP: 70478JAA2<br>LEI: XYSIJOU3HNVROZWNA008 | Long             | DBT              | CORP              | US        |   2158000 | PA      | $1872245.54   | 0.59%             | 2028-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| INTESA SANPAOLO SPA                        | Intesa Sanpaolo SpA                                                             | CUSIP: 46115HAU1<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |   1550000 | PA      | $1408928.61   | 0.45%             | N/A             | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                     | Nationstar Mortgage Holdings Inc                                                | CUSIP: 63861CAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1045000 | PA      | $937320.23    | 0.30%             | 2027-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GAP INC/THE                                | Gap Inc/The                                                                     | CUSIP: 364760AP3<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |    956000 | PA      | $680306.39    | 0.21%             | 2029-10-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| INTELLIGENT PACKAGING                      | Intelligent Packaging Ltd Finco Inc / Intelligent Packaging Ltd Co-Issuer LLC   | CUSIP: 45827MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   4115000 | PA      | $3311191.54   | 1.05%             | 2028-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                     | VICI Properties LP / VICI Note Co Inc                                           | CUSIP: 92564RAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2257000 | PA      | $2134875.78   | 0.67%             | 2025-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GEMS MENASA KY LTD/GEMS                    | GEMS MENASA Cayman Ltd / GEMS Education Delaware LLC                            | CUSIP: 36166LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   2922000 | PA      | $2816764.17   | 0.89%             | 2026-07-31      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| GLOBAL AIR LEASE CO LTD                    | Global Aircraft Leasing Co Ltd                                                  | CUSIP: 37960JAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   3442650 | PA      | $2931313.20   | 0.93%             | 2024-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| COTY INC                                   | Coty Inc                                                                        | CUSIP: 222070AE4<br>LEI: 549300BO9IWPF3S48F93 | Long             | DBT              | CORP              | US        |   4380000 | PA      | $4174883.11   | 1.32%             | 2026-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOXER PARENT CO INC                        | Boxer Parent Co Inc                                                             | CUSIP: 103186AB8<br>LEI: 5493006T045HLTF7YX04 | Long             | DBT              | CORP              | US        |   3044000 | PA      | $2985391.34   | 0.94%             | 2025-10-02      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| VOYAGER AVIATION EQUITY                    | VOYAGER AVIATION EQUITY                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       241 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GRIFFON CORPORATION                        | Griffon Corp                                                                    | CUSIP: 398433AP7<br>LEI: 5493000C2SGNC7ZN3242 | Long             | DBT              | CORP              | US        |   3317000 | PA      | $3033335.77   | 0.96%             | 2028-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| WHITE CAP PARENT LLC                       | White Cap Parent LLC                                                            | CUSIP: 96351CAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1037000 | PA      | $895974.91    | 0.28%             | 2026-03-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| QUINTIS AUS PTY LTD                        | Quintis Australia Pty Ltd                                                       | CUSIP: 74877UAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |    143548 | PA      | $52969.21     | 0.02%             | 2028-10-01      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| REALOGY GROUP LLC / REALOGY CO-ISSUER CORP | REALOGY GROUP LLC / REALOGY CO-ISSUER CORP                                      | CUSIP: 75606DAQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2070000 | PA      | $1509409.02   | 0.48%             | 2030-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                     | Nationstar Mortgage Holdings Inc                                                | CUSIP: 63861CAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    901000 | PA      | $737151.34    | 0.23%             | 2028-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                    | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                    | CUSIP: 87470LAG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1566000 | PA      | $1464210.00   | 0.46%             | 2027-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MASTEC INC                                 | MasTec Inc                                                                      | CUSIP: 576323AP4<br>LEI: 549300TMDIT8WREDOF45 | Long             | DBT              | CORP              | US        |   2663000 | PA      | $2387164.17   | 0.75%             | 2028-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                        | Medline Borrower LP                                                             | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   1724000 | PA      | $1389472.59   | 0.44%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                           | Deutsche Bank AG/New York NY                                                    | CUSIP: 251526BN8<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   2589000 | PA      | $2150918.42   | 0.68%             | 2032-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| YUM! BRANDS INC                            | Yum! Brands Inc                                                                 | CUSIP: 988498AJ0<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |   1267000 | PA      | $1246652.78   | 0.39%             | 2023-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VICTORIA'S SECRET & CO                     | Victoria's Secret & Co                                                          | CUSIP: 926400AA0<br>LEI: 5493006T3O70U3UWVF17 | Long             | DBT              | CORP              | US        |   1844000 | PA      | $1446898.68   | 0.46%             | 2029-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| RAILWORKS HOLDINGS LP/R                    | Railworks Holdings LP / Railworks Rally Inc                                     | CUSIP: 75079MAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2014000 | PA      | $1866925.01   | 0.59%             | 2028-11-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Voyager Aviation Hldgs                     | Voyager Aviation Hldgs                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1445 | NS      | $176651.13    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                      | Tenet Healthcare Corp                                                           | CUSIP: 88033GDJ6<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1591000 | PA      | $1427709.18   | 0.45%             | 2028-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| HIGHLAND HOLDINGS BOND                     | Highlands Holdings Bond Issuer Ltd / Highlands Holdings Bond Co-Issuer Inc      | CUSIP: 43103QAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   2504964 | PA      | $2326798.44   | 0.74%             | 2025-10-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                      | Freedom Mortgage Corp                                                           | CUSIP: 35640YAA5<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |   1229000 | PA      | $1129484.86   | 0.36%             | 2024-11-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                   | Rockies Express Pipeline LLC                                                    | CUSIP: 77340RAT4<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    930000 | PA      | $813360.95    | 0.26%             | 2030-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                     | Adient Global Holdings Ltd                                                      | CUSIP: 000000000<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |   1000000 | PA      | $1020573.77   | 0.32%             | 2024-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                    | Asbury Automotive Group Inc                                                     | CUSIP: 043436AX2<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |   2355000 | PA      | $1942780.35   | 0.61%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METIS MERGER SUB LLC                       | Metis Merger Sub LLC                                                            | CUSIP: 59155LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1841000 | PA      | $1556754.33   | 0.49%             | 2029-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BANIJAY ENTERTAINMENT                      | Banijay Entertainment SASU                                                      | CUSIP: 060335AA4<br>LEI: 969500CE0IE2EZ5VBG13 | Long             | DBT              | CORP              | FR        |   4661000 | PA      | $4407477.49   | 1.39%             | 2025-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CAESARS RESORT / FINCO                     | Caesars Resort Collection LLC / CRC Finco Inc                                   | CUSIP: 12770RAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    555000 | PA      | $543901.53    | 0.17%             | 2025-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SPECIALTY BUILDING PRODU                   | Specialty Building Products Holdings LLC / SBP Finance Corp                     | CUSIP: 84749AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3882000 | PA      | $3118087.46   | 0.99%             | 2026-09-30      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                | BNP Paribas SA                                                                  | CUSIP: 05565AM34<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1516000 | PA      | $1497050.00   | 0.47%             | N/A             | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| WR Grace Claim                             | WR Grace Claim                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12785 | NS      | $690.39       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| DARLING INGREDIENTS INC                    | Darling Ingredients Inc                                                         | CUSIP: 237266AJ0<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | DBT              | CORP              | US        |    898000 | PA      | $880114.21    | 0.28%             | 2030-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                   | CDS CDX.NA.HY.39.V1                                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCR              | CORP              | US        |         1 | NC      | $76900.18     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SYLVAMO CORP                               | Sylvamo Corp                                                                    | CUSIP: 87133LAA8<br>LEI: 5493001AOYU1ZOWOC971 | Long             | DBT              | CORP              | US        |   2692000 | PA      | $2570022.17   | 0.81%             | 2029-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FERRELLGAS LP/FERRELLGAS                   | Ferrellgas LP / Ferrellgas Finance Corp                                         | CUSIP: 315289AC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    634000 | PA      | $519893.29    | 0.16%             | 2029-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| WHITE CAP BUYER LLC                        | White Cap Buyer LLC                                                             | CUSIP: 96350RAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1546000 | PA      | $1347118.35   | 0.43%             | 2028-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                               | ADT Security Corp/The                                                           | CUSIP: 00101JAH9<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |   2071000 | PA      | $2057656.65   | 0.65%             | 2023-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CEDAR FAIR/CAN/MAGNUM/MI                   | Cedar Fair LP / Canada's Wonderland Co / Magnum Management Corp / Millennium Op | CUSIP: 150190AF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3318000 | PA      | $3278588.96   | 1.04%             | 2025-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                   | Western Midstream Operating LP                                                  | CUSIP: 958254AD6<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |   1133000 | PA      | $946305.45    | 0.30%             | 2044-04-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| PRIMO WATER HOLDINGS INC                   | Primo Water Holdings Inc                                                        | CUSIP: 74168LAA4<br>LEI: 9845008F9A5F2E1D4832 | Long             | DBT              | CORP              | US        |   1673000 | PA      | $1444865.92   | 0.46%             | 2029-04-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CONSTELLIUM SE                             | Constellium SE                                                                  | CUSIP: 21039CAA2<br>LEI: 724500KRJEMC79KAAU28 | Long             | DBT              | CORP              | FR        |   1025000 | PA      | $940712.20    | 0.30%             | 2028-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                            | Gen Digital Inc                                                                 | CUSIP: 668771AL2<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |   1040000 | PA      | $1024521.07   | 0.32%             | 2030-09-30      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                   | Univision Communications Inc                                                    | CUSIP: 914906AS1<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    824919 | PA      | $785867.81    | 0.25%             | 2025-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                           | Vmed O2 UK Financing I PLC                                                      | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |   3300000 | PA      | $2686450.80   | 0.85%             | 2031-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                   | Ford Motor Credit Co LLC                                                        | CUSIP: 345397B77<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   4166000 | PA      | $3617748.48   | 1.14%             | 2026-08-10      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                        | Altice Financing SA                                                             | CUSIP: 02154CAF0<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |   1620000 | PA      | $1308652.20   | 0.41%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Citibank, National Association             | USD/EUR FORWARD                                                                 | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-91341.88    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                               | Barclays PLC                                                                    | CUSIP: 06738ECD5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1985000 | PA      | $2069593.16   | 0.65%             | 2028-11-02      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                   | Rockies Express Pipeline LLC                                                    | CUSIP: 77340RAR8<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |   2167000 | PA      | $1967513.72   | 0.62%             | 2029-07-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                   | Clarios Global LP / Clarios US Finance Co                                       | CUSIP: 69867DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   3730000 | PA      | $3654467.50   | 1.15%             | 2026-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                   | Builders FirstSource Inc                                                        | CUSIP: 12008RAP2<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   2011000 | PA      | $1637207.65   | 0.52%             | 2032-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP                   | Host Hotels & Resorts LP                                                        | CUSIP: 44107TAZ9<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $907402.85    | 0.29%             | 2030-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                               | Barclays PLC                                                                    | CUSIP: 06738EBX2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1554000 | PA      | $1464489.60   | 0.46%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| QUINTISEQUITY                              | QUINTISEQUITY                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     70137 | NS      | $1402.74      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN                   | Jefferies Finance LLC / JFIN Co-Issuer Corp                                     | CUSIP: 47232MAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1910000 | PA      | $1559765.32   | 0.49%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KRONOS ACQ / KIK CUSTOM                    | Kronos Acquisition Holdings Inc / KIK Custom Products Inc                       | CUSIP: 50106GAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1813000 | PA      | $1582687.41   | 0.50%             | 2026-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                    | Global Partners LP / GLP Finance Corp                                           | CUSIP: 37954FAJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1602000 | PA      | $1450969.10   | 0.46%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                              | TransDigm Inc                                                                   | CUSIP: 893647BE6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   2925000 | PA      | $2890843.49   | 0.91%             | 2026-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORR COMM/HLDGS                     | Taylor Morrison Communities Inc / Taylor Morrison Holdings II Inc               | CUSIP: 877249AD4<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   1053000 | PA      | $1036152.00   | 0.33%             | 2024-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CHEPLAPHARM ARZNEIMITTEL                   | Cheplapharm Arzneimittel GmbH                                                   | CUSIP: 16412EAA5<br>LEI: 529900ONXKBELT7EW052 | Long             | DBT              | CORP              | DE        |   2197000 | PA      | $1832116.75   | 0.58%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FORESTAR GROUP INC                         | Forestar Group Inc                                                              | CUSIP: 346232AF8<br>LEI: 549300BC2UB0GHV60V70 | Long             | DBT              | CORP              | US        |   3402000 | PA      | $3024846.83   | 0.96%             | 2026-05-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| ALLISON TRANSMISSION INC                   | Allison Transmission Inc                                                        | CUSIP: 019736AF4<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |   1012000 | PA      | $950215.43    | 0.30%             | 2029-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LCPR SR SECURED FIN DAC                    | LCPR Senior Secured Financing DAC                                               | CUSIP: 50201DAD5<br>LEI: 549300LE5FM8IKMXSP90 | Long             | DBT              | CORP              | IE        |   2000000 | PA      | $1644870.00   | 0.52%             | 2029-07-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| VOYAGER AVIATION HOLD                      | Voyager Aviation Holdings LLC                                                   | CUSIP: 92918XAA3<br>LEI: 549300KHOKL1CX4NIJ92 | Long             | DBT              | CORP              | US        |    521000 | PA      | $432435.12    | 0.14%             | 2026-05-09      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ITT HOLDINGS LLC                           | ITT Holdings LLC                                                                | CUSIP: 45074JAA2<br>LEI: 549300TH2PHOLK31LB42 | Long             | DBT              | CORP              | US        |   3627000 | PA      | $3060394.81   | 0.97%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                     | VICI Properties LP / VICI Note Co Inc                                           | CUSIP: 92564RAG0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1638000 | PA      | $1570548.99   | 0.50%             | 2025-06-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TEGNA INC                                  | TEGNA Inc                                                                       | CUSIP: 87901JAH8<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |   4150000 | PA      | $3928707.18   | 1.24%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUMMER (BC) BIDC                           | Summer BC Bidco B LLC                                                           | CUSIP: 865632AA1<br>LEI: 213800CCW2O2WZ7YV169 | Long             | DBT              | CORP              | US        |   1817000 | PA      | $1471644.94   | 0.47%             | 2026-10-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CA MAGNUM HOLDINGS                         | CA Magnum Holdings                                                              | CUSIP: 12674CAA1<br>LEI: 549300ZRDHFR078MFZ78 | Long             | DBT              | CORP              | MU        |   1314000 | PA      | $1195740.00   | 0.38%             | 2026-10-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TELECOM ITALIA CAPITAL                     | Telecom Italia Capital SA                                                       | CUSIP: 87927VAF5<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |   2320000 | PA      | $1897296.00   | 0.60%             | 2033-11-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NUSTAR LOGISTICS LP                        | NuStar Logistics LP                                                             | CUSIP: 67059TAG0<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |   1897000 | PA      | $1832535.44   | 0.58%             | 2025-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LEGACY LIFEPOINT HEALTH                    | Legacy LifePoint Health LLC                                                     | CUSIP: 53219LAS8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1522000 | PA      | $1288250.24   | 0.41%             | 2027-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BELDEN INC                                 | Belden Inc                                                                      | CUSIP: 000000000<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | DBT              | CORP              | US        |    463000 | PA      | $411574.91    | 0.13%             | 2031-07-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| SPRINT LLC                                 | Sprint LLC                                                                      | CUSIP: 85207UAH8<br>LEI: 549300ZTTY7CXOLJ6539 | Long             | DBT              | CORP              | US        |   2835000 | PA      | $2892596.37   | 0.91%             | 2024-06-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| UNICREDIT SPA                              | UniCredit SpA                                                                   | CUSIP: 904678AF6<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |   3426000 | PA      | $3009068.13   | 0.95%             | 2032-06-19      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| BRUNDAGE-BONE CONCRETE                     | Brundage-Bone Concrete Pumping Holdings Inc                                     | CUSIP: 66981QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2281000 | PA      | $2081480.43   | 0.66%             | 2026-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                          | Newell Brands Inc                                                               | CUSIP: 651229BD7<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $987007.54    | 0.31%             | 2029-09-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| URBI DESARROLLOS URBANOS SAB DE CV         | URBI DESARROLLOS URBANOS SAB DE CV WARRANTS                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | MX        |      3026 | NC      | $0.16         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PIKE CORP                                  | Pike Corp                                                                       | CUSIP: 721283AA7<br>LEI: 549300P4EKEP6HK0NC58 | Long             | DBT              | CORP              | US        |   1104000 | PA      | $965009.35    | 0.30%             | 2028-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                    | Asbury Automotive Group Inc                                                     | CUSIP: 043436AU8<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |   1760000 | PA      | $1549874.90   | 0.49%             | 2028-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP/BIP-V CHIN                   | CQP Holdco LP / BIP-V Chinook Holdco LLC                                        | CUSIP: 12657NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3807000 | PA      | $3335754.54   | 1.05%             | 2031-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CARRIAGE SERVICES INC                      | Carriage Services Inc                                                           | CUSIP: 143905AP2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3236000 | PA      | $2591704.73   | 0.82%             | 2029-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DEALER TIRE LLC/DT ISSR                    | Dealer Tire LLC / DT Issuer LLC                                                 | CUSIP: 24229JAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3813000 | PA      | $3249058.48   | 1.03%             | 2028-02-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                              | DISH DBS Corp                                                                   | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2214000 | PA      | $1867574.03   | 0.59%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                      | Tenet Healthcare Corp                                                           | CUSIP: 88033GCX6<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1441000 | PA      | $1384090.36   | 0.44%             | 2027-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                   | Sinclair Television Group Inc                                                   | CUSIP: 829259BA7<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |   3542000 | PA      | $2644492.58   | 0.84%             | 2030-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Citibank, National Association             | EUR/USD FORWARD                                                                 | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-11490.24    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                             | Bombardier Inc                                                                  | CUSIP: 097751BX8<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   1611000 | PA      | $1492587.96   | 0.47%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NESCO HOLDINGS II INC                      | NESCO Holdings II Inc                                                           | CUSIP: 64083YAA9<br>LEI: 254900FAHT0HW9T6L409 | Long             | DBT              | CORP              | US        |   1601000 | PA      | $1411677.33   | 0.45%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BOYNE USA INC                              | Boyne USA Inc                                                                   | CUSIP: 103557AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    922000 | PA      | $825514.18    | 0.26%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GRAY TELEVISION INC                        | Gray Television Inc                                                             | CUSIP: 389284AA8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   2446000 | PA      | $2172529.67   | 0.69%             | 2027-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                             | Bombardier Inc                                                                  | CUSIP: 097751BM2<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    534000 | PA      | $529823.37    | 0.17%             | 2025-03-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MACY'S RETAIL HLDGS LLC                    | Macy's Retail Holdings LLC                                                      | CUSIP: 55617LAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4119000 | PA      | $3462143.93   | 1.09%             | 2032-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                   | Univision Communications Inc                                                    | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    615000 | PA      | $588495.40    | 0.19%             | 2030-06-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                       | Chart Industries Inc                                                            | CUSIP: 16115QAG5<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |   2078000 | PA      | $2131165.51   | 0.67%             | 2031-01-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| GPD COS INC                                | GPD Cos Inc                                                                     | CUSIP: 64051NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1851000 | PA      | $1583973.43   | 0.50%             | 2026-04-01      | Fixed         | 10.12%                | No            |                  2 | On Loan: No      |
| CONDOR MERGER SUB INC                      | Condor Merger Sub Inc                                                           | CUSIP: 579063AB4<br>LEI: 254900SAGUYT3MBUU161 | Long             | DBT              | CORP              | US        |   1676000 | PA      | $1353510.82   | 0.43%             | 2030-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                      | Caesars Entertainment Inc                                                       | CUSIP: 28470RAH5<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   2952000 | PA      | $2872063.68   | 0.91%             | 2025-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| IHO VERWALTUNGS GMBH                       | IHO Verwaltungs GmbH                                                            | CUSIP: 44963BAE8<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |   1432904 | PA      | $1258447.94   | 0.40%             | 2027-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FORTRESS TRANS & INFRAST                   | Fortress Transportation and Infrastructure Investors LLC                        | CUSIP: 34960PAD3<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    786000 | PA      | $669939.55    | 0.21%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                          | Nexstar Media Inc                                                               | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   2037000 | PA      | $1870875.26   | 0.59%             | 2027-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| COMMERZBANK AG                             | Commerzbank AG                                                                  | CUSIP: 000000000<br>LEI: 851WYGNLUQLFZBSYGB56 | Long             | DBT              | CORP              | DE        |   1400000 | PA      | $1329005.58   | 0.42%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LOXAM SAS                                  | Loxam SAS                                                                       | CUSIP: 000000000<br>LEI: 969500BNA2YRNE1R5K91 | Long             | DBT              | CORP              | FR        |   1080000 | PA      | $1051269.46   | 0.33%             | 2027-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                          | Iliad Holding SASU                                                              | CUSIP: 449691AC8<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |   2431000 | PA      | $2203336.85   | 0.70%             | 2028-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                   | Builders FirstSource Inc                                                        | CUSIP: 12008RAN7<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $891460.36    | 0.28%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                     | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC           | CUSIP: 013092AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2279000 | PA      | $2333027.32   | 0.74%             | 2026-03-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                    | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                    | CUSIP: 87470LAH4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1614064.67   | 0.51%             | 2025-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                      | Freedom Mortgage Corp                                                           | CUSIP: 35640YAG2<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |   1240750 | PA      | $969248.28    | 0.31%             | 2027-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                              | DISH DBS Corp                                                                   | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1699000 | PA      | $1357110.57   | 0.43%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DANA INC                                   | Dana Inc                                                                        | CUSIP: 235825AJ5<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |    500000 | PA      | $403674.74    | 0.13%             | 2032-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KRONOS ACQ / KIK CUSTOM                    | Kronos Acquisition Holdings Inc / KIK Custom Products Inc                       | CUSIP: 50106GAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1048309.87   | 0.33%             | 2027-12-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                        | Altice Financing SA                                                             | CUSIP: 02154CAH6<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |   1778000 | PA      | $1401172.99   | 0.44%             | 2029-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Citibank, National Association             | USD/EUR FORWARD                                                                 | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-108991.68   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| TI AUTOMOTIVE FINANCE                      | TI Automotive Finance PLC                                                       | CUSIP: 000000000<br>LEI: 549300MZ54ZRN8UFQS35 | Long             | DBT              | CORP              | GB        |   1087000 | PA      | $857499.65    | 0.27%             | 2029-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                            | Gen Digital Inc                                                                 | CUSIP: 668771AK4<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1178208.32   | 0.37%             | 2027-09-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                     | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2355000 | PA      | $1813533.60   | 0.57%             | 2033-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                    | Global Partners LP / GLP Finance Corp                                           | CUSIP: 37954FAG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1694000 | PA      | $1616646.83   | 0.51%             | 2027-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                              | ZF North America Capital Inc                                                    | CUSIP: 98877DAC9<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |   1575000 | PA      | $1497615.53   | 0.47%             | 2025-04-29      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AVTCAP WARR                                | AVTCAP WARR                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |     12023 | NS      | $3873.63      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| IRB HOLDING CORP                           | IRB Holding Corp                                                                | CUSIP: 44988MAC9<br>LEI: 549300HVW4WNWYBXN830 | Long             | DBT              | CORP              | US        |   3172000 | PA      | $3163381.71   | 1.00%             | 2025-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                      | Mineral Resources Ltd                                                           | CUSIP: 603051AC7<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |   1463000 | PA      | $1494527.65   | 0.47%             | 2027-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                           | CSC Holdings LLC                                                                | CUSIP: 126307AY3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   1049000 | PA      | $710896.64    | 0.22%             | 2028-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GAP INC/THE                                | Gap Inc/The                                                                     | CUSIP: 364760AQ1<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |   1254000 | PA      | $884675.66    | 0.28%             | 2031-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| FERRELLGAS LP/FERRELLGAS                   | Ferrellgas LP / Ferrellgas Finance Corp                                         | CUSIP: 315289AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3061000 | PA      | $2788959.17   | 0.88%             | 2026-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| OT MERGER CORP                             | OT Merger Corp                                                                  | CUSIP: 688777AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1996000 | PA      | $1014552.81   | 0.32%             | 2029-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SMYRNA READY MIX CONCRET                   | Smyrna Ready Mix Concrete LLC                                                   | CUSIP: 85236FAA1<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |   3466000 | PA      | $3099431.30   | 0.98%             | 2028-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| US Government Money Market Fund            | US Government Money Market Fund                                                 | CUSIP: 74926P696<br>LEI: 549300RFDC5U7WLJKO50 | Long             | STIV             | RF                | US        |    833297 | NS      | $833296.89    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| LITHIA MOTORS INC                          | Lithia Motors Inc                                                               | CUSIP: 536797AF0<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |    834000 | PA      | $684406.63    | 0.22%             | 2031-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                          | Iron Mountain Inc                                                               | CUSIP: 46284VAJ0<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |    458000 | PA      | $397751.46    | 0.13%             | 2030-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LABL INC                                   | LABL Inc                                                                        | CUSIP: 50168QAC9<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |   1103000 | PA      | $943355.81    | 0.30%             | 2028-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                    | Nissan Motor Acceptance Co LLC                                                  | CUSIP: 654740BS7<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3012739.56   | 0.95%             | 2026-03-09      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| LIFEPT/LEGACY LIFEPT                       | RegionalCare Hospital Partners Holdings Inc / LifePoint Health Inc              | CUSIP: 53219LAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    963000 | PA      | $775268.11    | 0.24%             | 2026-12-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                     | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1666000 | PA      | $1438904.22   | 0.45%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BCPE ULYSSES INTERMEDIAT                   | BCPE Ulysses Intermediate Inc                                                   | CUSIP: 05553LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1550333 | PA      | $959352.79    | 0.30%             | 2027-04-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| SC GAMES HOLDIN/US FINCO                   | Scientific Games Holdings LP/Scientific Games US FinCo Inc                      | CUSIP: 80874DAA4<br>LEI: 549300W5GPFXXB6TQ330 | Long             | DBT              | CORP              | US        |   1904000 | PA      | $1607751.90   | 0.51%             | 2030-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CENTRAL GARDEN & PET CO                    | Central Garden & Pet Co                                                         | CUSIP: 153527AP1<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |   2715000 | PA      | $2249615.31   | 0.71%             | 2031-04-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                        | LBM Acquisition LLC                                                             | CUSIP: 05552BAA4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |   2278000 | PA      | $1477414.53   | 0.47%             | 2029-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CMG MEDIA CORPORATION                      | CMG Media Corp                                                                  | CUSIP: 88146LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3667000 | PA      | $2759043.54   | 0.87%             | 2027-12-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA                   | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                          | CUSIP: 03969AAQ3<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   1534000 | PA      | $1461441.80   | 0.46%             | 2025-04-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KONTOOR BRANDS INC                         | Kontoor Brands Inc                                                              | CUSIP: 50050NAA1<br>LEI: 549300M0CPXV65RFF271 | Long             | DBT              | CORP              | US        |    518000 | PA      | $416889.49    | 0.13%             | 2029-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

**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.