# EDGAR Filing Document

**Accession Number:** 0001272950
**File Stem:** 0000940400-26-007486
**Filing Date:** 2026-2
**Character Count:** 43989
**Document Hash:** 851c782ea4bedbc1f0dce3b1c3cbe36f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-007486.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0000940400-26-007486

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260225

**DATE AS OF CHANGE**: 20260225

**PERIOD START**: 20260331

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21475
- **FILM NUMBER:** 26675512

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

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

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

## Series and Classes Contracts Data

### RBC International Small Cap Equity Fund (Series ID: S000079193)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000240119 | Class R6     | RISRX           |
| C000240120 | Class A      | RISSX           |
| C000240121 | Class I      | RISIX           |

## Nport-Ex

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC International Small Cap Equity Fund

------

December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
| **Common Stocks — 98.5%** | **Common Stocks — 98.5%** |  |
| **Australia — 5.2%** | **Australia — 5.2%** |  |
| &nbsp;&nbsp;1887 | Ampol Ltd. | &nbsp;&nbsp;$40105 |
| &nbsp;&nbsp;2709 | IGO Ltd.\* | &nbsp;&nbsp;&nbsp;&nbsp;14764 |
| 11088 | Lynas Rare Earths Ltd.\* | &nbsp;&nbsp;&nbsp;&nbsp;90938 |
| &nbsp;&nbsp;9145 | Paladin Energy Ltd.\* | &nbsp;&nbsp;&nbsp;&nbsp;57965 |
| &nbsp;&nbsp;&nbsp;&nbsp;327 | Pro Medicus Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;48024 |
| 24912 | Steadfast Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;87504 |
| &nbsp;&nbsp;4508 | Telix Pharmaceuticals Ltd.\* | &nbsp;&nbsp;&nbsp;&nbsp;33699 |
|  |  | &nbsp;&nbsp;&nbsp;372999 |
| **Austria — 0.7%** | **Austria — 0.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;312 | BAWAG Group AG(a) | &nbsp;&nbsp;&nbsp;&nbsp;46992 |
| **Belgium — 1.7%** | **Belgium — 1.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13 | Lotus Bakeries NV | &nbsp;&nbsp;&nbsp;119660 |
| **Canada — 0.5%** | **Canada — 0.5%** |  |
| &nbsp;&nbsp;3700 | Capstone Copper Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;37147 |
| **China — 6.1%** | **China — 6.1%** |  |
| &nbsp;&nbsp;3900 | Kanzhun Ltd., ADR | &nbsp;&nbsp;&nbsp;&nbsp;79482 |
| &nbsp;&nbsp;5500 | Neway Valve Suzhou Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;40915 |
| &nbsp;&nbsp;2700 | Pony AI, Inc., Class A\* | &nbsp;&nbsp;&nbsp;&nbsp;40694 |
| &nbsp;&nbsp;5800 | Sieyuan Electric Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;128215 |
| 37000 | Zhaojin Mining Industry Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;146096 |
|  |  | &nbsp;&nbsp;&nbsp;435402 |
| **Denmark — 1.1%** | **Denmark — 1.1%** |  |
| &nbsp;&nbsp;1199 | ALK-Abello A/S\* | &nbsp;&nbsp;&nbsp;&nbsp;42909 |
| &nbsp;&nbsp;&nbsp;&nbsp;438 | Zealand Pharma A/S\* | &nbsp;&nbsp;&nbsp;&nbsp;31822 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;74731 |
| **France — 5.1%** | **France — 5.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;743 | Exosens SAS | &nbsp;&nbsp;&nbsp;&nbsp;42233 |
| &nbsp;&nbsp;&nbsp;&nbsp;857 | Gaztransport Et Technigaz SA | &nbsp;&nbsp;&nbsp;157248 |
| &nbsp;&nbsp;4244 | Technip Energies NV | &nbsp;&nbsp;&nbsp;161620 |
|  |  | &nbsp;&nbsp;&nbsp;361101 |
| **Germany — 3.7%** | **Germany — 3.7%** |  |
| &nbsp;&nbsp;1462 | CTS Eventim AG & Co. KGaA | &nbsp;&nbsp;&nbsp;133835 |
| &nbsp;&nbsp;2749 | Freenet AG | &nbsp;&nbsp;&nbsp;&nbsp;94696 |
| &nbsp;&nbsp;&nbsp;&nbsp;599 | RENK Group AG | &nbsp;&nbsp;&nbsp;&nbsp;37330 |
|  |  | &nbsp;&nbsp;&nbsp;265861 |
| **Greece — 0.5%** | **Greece — 0.5%** |  |
| &nbsp;&nbsp;4785 | Piraeus Bank SA | &nbsp;&nbsp;&nbsp;&nbsp;38205 |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC International Small Cap Equity Fund (cont.)

------

December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
| **India — 6.5%** | **India — 6.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;23991 | Aditya Birla Capital Ltd.\* | &nbsp;&nbsp;&nbsp;&nbsp;$95575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325 | Dixon Technologies India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43848 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2534 | GE Vernova T&D India Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6459 | Phoenix Mills Ltd. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133368 |
| &nbsp;&nbsp;&nbsp;&nbsp;18389 | Varun Beverages Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100391 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;461441 |
| **Indonesia — 2.6%** | **Indonesia — 2.6%** |  |
| &nbsp;&nbsp;&nbsp;481500 | Indosat Tbk PT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66926 |
| &nbsp;&nbsp;&nbsp;505700 | Mayora Indah Tbk PT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64543 |
| 2197300 | Midi Utama Indonesia Tbk PT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51371 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182840 |
| **Italy — 1.4%** | **Italy — 1.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1479 | Lottomatica Group SpA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1015 | SOL SpA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58284 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97044 |
| **Ivory Coast — 1.3%** | **Ivory Coast — 1.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1800 | Endeavour Mining Plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92692 |
| **Japan — 20.6%** | **Japan — 20.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6200 | Asics Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148840 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3100 | Food & Life Cos. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2300 | Furuno Electric Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3800 | Ibiden Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6700 | IHI Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117790 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2600 | Japan Steel Works Ltd. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128047 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2600 | Kokusai Electric Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90928 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5300 | Namura Shipbuilding Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1400 | Nitto Boseki Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6096 | PAL GROUP Holdings Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2600 | Resonac Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108408 |
| &nbsp;&nbsp;&nbsp;&nbsp;10200 | Round One Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72829 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2400 | Sanrio Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75096 |
|  |  | &nbsp;&nbsp;&nbsp;1468860 |
| **Korea — 0.9%** | **Korea — 0.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74 | Samyang Foods Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63185 |
| **Netherlands — 1.6%** | **Netherlands — 1.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5455 | CTP NV(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114306 |
| **New Zealand — 1.2%** | **New Zealand — 1.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1380 | Fisher & Paykel Healthcare Corp. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29983 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9200 | Infratil Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58707 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88690 |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC International Small Cap Equity Fund (cont.)

------

December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
| **Norway — 5.7%** | **Norway — 5.7%** |  |
| &nbsp;&nbsp;5528 | Aker BP ASA | $140667 |
| &nbsp;&nbsp;2814 | Nordic Semiconductor ASA\* | &nbsp;&nbsp;&nbsp;&nbsp;36874 |
| &nbsp;&nbsp;6499 | SpareBank 1 SMN | &nbsp;&nbsp;&nbsp;132731 |
| &nbsp;&nbsp;5377 | Veidekke ASA | &nbsp;&nbsp;&nbsp;&nbsp;95222 |
|  |  | &nbsp;&nbsp;&nbsp;405494 |
| **Philippines — 2.6%** | **Philippines — 2.6%** |  |
| 19150 | International Container Terminal Services, Inc. | &nbsp;&nbsp;&nbsp;183768 |
| **Portugal — 1.0%** | **Portugal — 1.0%** |  |
| 19327 | REN - Redes Energeticas Nacionais SGPS SA | &nbsp;&nbsp;&nbsp;&nbsp;73046 |
| **Spain — 3.9%** | **Spain — 3.9%** |  |
| &nbsp;&nbsp;3881 | ATALAYA MINING COPPER SA | &nbsp;&nbsp;&nbsp;&nbsp;44445 |
| &nbsp;&nbsp;3301 | CIE Automotive SA | &nbsp;&nbsp;&nbsp;115105 |
| &nbsp;&nbsp;7905 | Merlin Properties Socimi SA, REIT | &nbsp;&nbsp;&nbsp;115085 |
|  |  | &nbsp;&nbsp;&nbsp;274635 |
| **Sweden — 3.3%** | **Sweden — 3.3%** |  |
| &nbsp;&nbsp;4832 | Alimak Group AB(a) | &nbsp;&nbsp;&nbsp;&nbsp;75874 |
| &nbsp;&nbsp;9800 | Asker Healthcare Group AB\* | &nbsp;&nbsp;&nbsp;&nbsp;89317 |
| &nbsp;&nbsp;&nbsp;&nbsp;553 | Camurus AB\* | &nbsp;&nbsp;&nbsp;&nbsp;36713 |
| &nbsp;&nbsp;2115 | Sweco AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp;34505 |
|  |  | &nbsp;&nbsp;&nbsp;236409 |
| **Switzerland — 0.5%** | **Switzerland — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;209 | Sulzer AG | &nbsp;&nbsp;&nbsp;&nbsp;38587 |
| **Taiwan — 4.9%** | **Taiwan — 4.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;265 | ASPEED Technology, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;60969 |
| &nbsp;&nbsp;4932 | Chroma ATE, Inc. | &nbsp;&nbsp;&nbsp;121985 |
| &nbsp;&nbsp;4619 | E Ink Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;29021 |
| &nbsp;&nbsp;1462 | Lotes Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;60281 |
| &nbsp;&nbsp;2590 | Voltronic Power Technology Corp. | &nbsp;&nbsp;&nbsp;&nbsp;79727 |
|  |  | &nbsp;&nbsp;&nbsp;351983 |
| **Thailand — 2.9%** | **Thailand — 2.9%** |  |
| 30100 | Central Pattana Public Co. Ltd. - FOR | &nbsp;&nbsp;&nbsp;&nbsp;52705 |
| &nbsp;&nbsp;&nbsp;&nbsp;340 | Fabrinet\* | &nbsp;&nbsp;&nbsp;154795 |
|  |  | &nbsp;&nbsp;&nbsp;207500 |
| **United Kingdom — 11.8%** | **United Kingdom — 11.8%** |  |
| &nbsp;&nbsp;9182 | Auto Trader Group Plc(a) | &nbsp;&nbsp;&nbsp;&nbsp;72440 |
| 10373 | Beazley Plc | &nbsp;&nbsp;&nbsp;115997 |
| &nbsp;&nbsp;2529 | Cranswick Plc | &nbsp;&nbsp;&nbsp;168516 |
| &nbsp;&nbsp;&nbsp;&nbsp;498 | Diploma Plc | &nbsp;&nbsp;&nbsp;&nbsp;35432 |
| &nbsp;&nbsp;9502 | Howden Joinery Group Plc | &nbsp;&nbsp;&nbsp;106342 |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC International Small Cap Equity Fund (cont.)

------

December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
| &nbsp;&nbsp;15694 | OSB Group Plc | &nbsp;&nbsp;&nbsp;$134404 |
| &nbsp;&nbsp;&nbsp;&nbsp;4367 | Softcat Plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83126 |
| &nbsp;&nbsp;14439 | Volution Group Plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125872 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;842129 |
| **United States — 1.2%** | **United States — 1.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3876 | Life360, Inc.(a),\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86150 |
| **Total Common Stocks** | **Total Common Stocks** | &nbsp;&nbsp;&nbsp;**7020857** |
| (Cost $6,034,627) | (Cost $6,034,627) |  |
| **Investment Company — 3.3%** | **Investment Company — 3.3%** |  |
| 237235 | RBC BlueBay U.S. Government Money Market Fund,<br> Institutional Class 1 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;237235 |
| **Total Investment Company** | **Total Investment Company** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**237235** |
| (Cost $237,235) | (Cost $237,235) |  |
| **Total Investments** | **Total Investments** | **$7258092** |
| (Cost $6,271,862) — 101.8% | (Cost $6,271,862) — 101.8% |  |
| **Liabilities in excess of other assets — (1.8)%** | **Liabilities in excess of other assets — (1.8)%** | &nbsp;&nbsp;&nbsp;&nbsp;**(126955)** |
| **NET ASSETS — 100.0%** | **NET ASSETS — 100.0%** | **$7131137** |

---

------

(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) Affiliated investment.

\* Non-income producing security.

---

| |
|:---|
| Abbreviations used are defined below: |
| ADR - American Depositary Receipt |
| FOR - Foreign Ownership Receipt |
| REIT - Real Estate Investment Trust |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Minneapolis

  - **State:** MN

  - **Foreign country:** US

  - **Zip / Postal Code:** 55401

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

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

- **a. Name of Series:** RBC International Small Cap Equity Fund

- **b. EDGAR series identifier (if any):** S000079193

- **c. LEI of Series:** 5493005YXP57E4GQTA56

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $7255395.17

**Total Liabilities:** $139293.97

**Net Assets:** $7116101.20

**Cash Not Reported:** $102.70

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000240119 | 1.68%                | -3.43%               | -0.98%               |
| Class ID C000240120 | 1.61%                | -3.44%               | -0.99%               |
| Class ID C000240121 | 1.68%                | -3.50%               | -0.96%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $152515.12               | $-27324.51                                 |
| Month 2  | $206450.02               | $-460224.71                                |
| Month 3  | $120273.71               | $-187726.49                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Beazley PLC                                   | Beazley PLC                                   | CUSIP: 000000000<br>LEI: 213800VTOMUWD41GIT12 | Long             | EC               | CORP              | GB        |     10373 | NS      | $115997.08    | 1.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Softcat PLC                                   | Softcat PLC                                   | CUSIP: 000000000<br>LEI: 213800N42YZLR9GLVC42 | Long             | EC               | CORP              | GB        |      4367 | NS      | $83126.25     | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Resonac Holdings Corp                         | Resonac Holdings Corp                         | CUSIP: 000000000<br>LEI: 5493006AIPA1V92YPP18 | Long             | EC               | CORP              | JP        |      2600 | NS      | $108408.18    | 1.52%             |  |  |  | No            |                  2 | On Loan: No      |
| ICTSI                                         | International Container Terminal Services Inc | CUSIP: 000000000<br>LEI: 254900FU1MWK0I0Q4J61 | Long             | EC               | CORP              | PH        |     19150 | NS      | $183768.48    | 2.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanrio Co Ltd                                 | Sanrio Co Ltd                                 | CUSIP: 000000000<br>LEI: 3538002Q5JQLOMSPH125 | Long             | EC               | CORP              | JP        |      2400 | NS      | $75096.56     | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Indosat Tbk PT                                | Indosat Tbk PT                                | CUSIP: 000000000<br>LEI: 254900YJOUDT9FUSHL33 | Long             | EC               | CORP              | ID        |    481500 | NS      | $66925.85     | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Camurus AB                                    | Camurus AB                                    | CUSIP: 000000000<br>LEI: 5493003S6Z6VI7WYFQ06 | Long             | EC               | CORP              | SE        |       553 | NS      | $36713.10     | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| CTS Eventim AG & Co KGaA                      | CTS Eventim AG & Co KGaA                      | CUSIP: 000000000<br>LEI: 529900FDHSN08UBJII80 | Long             | EC               | CORP              | DE        |      1462 | NS      | $133834.90    | 1.88%             |  |  |  | No            |                  2 | On Loan: No      |
| PAL GROUP Holdings Co Ltd                     | PAL GROUP Holdings Co Ltd                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      6096 | NS      | $78991.56     | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Asker Healthcare Group AB                     | Asker Healthcare Group AB                     | CUSIP: 000000000<br>LEI: 636700RZEYK9TOWV8F05 | Long             | EC               | CORP              | SE        |      9800 | NS      | $89317.22     | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| OSB Group PLC                                 | OSB Group PLC                                 | CUSIP: 000000000<br>LEI: 213800ZBKL9BHSL2K459 | Long             | EC               | CORP              | GB        |     15694 | NS      | $134404.02    | 1.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Namura Shipbuilding Co Ltd                    | Namura Shipbuilding Co Ltd                    | CUSIP: 000000000<br>LEI: 353800L4EGBFKO3C4X44 | Long             | EC               | CORP              | JP        |      5300 | NS      | $119631.09    | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| ASPEED Technology Inc                         | ASPEED Technology Inc                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |       265 | NS      | $60968.64     | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| ATALAYA MINING COPPER SA                      | ATALAYA MINING COPPER SA                      | CUSIP: 000000000<br>LEI: 549300QNQPXVRXGXOX56 | Long             | EC               | CORP              | ES        |      3881 | NS      | $44445.31     | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Nordic Semiconductor ASA                      | Nordic Semiconductor ASA                      | CUSIP: 000000000<br>LEI: 5967007LIEEXZXJGFK95 | Long             | EC               | CORP              | NO        |      2814 | NS      | $36874.43     | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| IGO Ltd                                       | IGO Ltd                                       | CUSIP: 000000000<br>LEI: 2549005DZO8VGXM5QN07 | Long             | EC               | CORP              | AU        |      2709 | NS      | $14763.63     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Aker BP ASA                                   | Aker BP ASA                                   | CUSIP: 000000000<br>LEI: 549300NFTY73920OYK69 | Long             | EC               | CORP              | NO        |      5528 | NS      | $140666.44    | 1.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Pony AI Inc                                   | Pony AI Inc                                   | CUSIP: 000000000<br>LEI: 9845006P7613D2A61368 | Long             | EC               | CORP              | CN        |      2700 | NS      | $40694.10     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Midi Utama Indonesia Tbk PT                   | Midi Utama Indonesia Tbk PT                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |   2197300 | NS      | $51371.05     | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Endeavour Mining PLC                          | Endeavour Mining PLC                          | CUSIP: 000000000<br>LEI: 529900NI5MXQ91GHXR07 | Long             | EC               | CORP              | GB        |      1800 | NS      | $92691.71     | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CIE Automotive SA                             | CIE Automotive SA                             | CUSIP: 000000000<br>LEI: 95980020140005381252 | Long             | EC               | CORP              | ES        |      3301 | NS      | $115105.10    | 1.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Volution Group PLC                            | Volution Group PLC                            | CUSIP: 000000000<br>LEI: 213800EPT84EQCDHO768 | Long             | EC               | CORP              | GB        |     14439 | NS      | $125872.10    | 1.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Varun Beverages Ltd                           | Varun Beverages Ltd                           | CUSIP: 000000000<br>LEI: 33580058NWEMWBDNMD48 | Long             | EC               | CORP              | IN        |     18389 | NS      | $100390.90    | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Veidekke ASA                                  | Veidekke ASA                                  | CUSIP: 000000000<br>LEI: 5967007LIEEXZXHF4O96 | Long             | EC               | CORP              | NO        |      5377 | NS      | $95222.06     | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Round One Corp                                | Round One Corp                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     10200 | NS      | $72828.88     | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Mayora Indah Tbk PT                           | Mayora Indah Tbk PT                           | CUSIP: 000000000<br>LEI: 529900RM3VNQRMDJ7M38 | Long             | EC               | CORP              | ID        |    505700 | NS      | $64543.03     | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Diploma PLC                                   | Diploma PLC                                   | CUSIP: 000000000<br>LEI: 2138008OGI7VYG8FGR19 | Long             | EC               | CORP              | GB        |       498 | NS      | $35431.77     | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Neway Valve Suzhou Co Ltd                     | Neway Valve Suzhou Co Ltd                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      5500 | NS      | $40914.73     | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Voltronic Power Technology Cor                | Voltronic Power Technology Corp               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      2590 | NS      | $79727.53     | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Capstone Copper Corp                          | Capstone Copper Corp                          | CUSIP: 14071L108<br>LEI: 549300III6KGKKC42W63 | Long             | EC               | CORP              | CA        |      3700 | NS      | $37146.92     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Kokusai Electric Corp                         | Kokusai Electric Corp                         | CUSIP: 000000000<br>LEI: 549300CDY6N3WKYK2I96 | Long             | EC               | CORP              | JP        |      2600 | NS      | $90927.59     | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Telix Pharmaceuticals Ltd                     | Telix Pharmaceuticals Ltd                     | CUSIP: 000000000<br>LEI: 894500HTWOOGIHLLSB86 | Long             | EC               | CORP              | AU        |      4508 | NS      | $33699.28     | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Fabrinet                                      | Fabrinet                                      | CUSIP: 000000000<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | TH        |       340 | NS      | $154795.20    | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Asics Corp                                    | Asics Corp                                    | CUSIP: 000000000<br>LEI: 3538002LJMRZ83SU0B85 | Long             | EC               | CORP              | JP        |      6200 | NS      | $148840.11    | 2.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Phoenix Mills Ltd/The                         | Phoenix Mills Ltd/The                         | CUSIP: 000000000<br>LEI: 33580037PCXCE5PNQU51 | Long             | EC               | CORP              | IN        |      6459 | NS      | $133367.70    | 1.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Cranswick PLC                                 | Cranswick PLC                                 | CUSIP: 000000000<br>LEI: 549300LDZLPU51XOSK43 | Long             | EC               | CORP              | GB        |      2529 | NS      | $168515.57    | 2.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Lotus Bakeries NV                             | Lotus Bakeries NV                             | CUSIP: 000000000<br>LEI: 5493004C0K34IFI67I03 | Long             | EC               | CORP              | BE        |        13 | NS      | $119660.15    | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| CTP NV                                        | CTP NV                                        | CUSIP: 000000000<br>LEI: 3157000YTVO4TN65UM14 | Long             | EC               | CORP              | NL        |      5455 | NS      | $114306.12    | 1.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Aditya Birla Capital Ltd                      | Aditya Birla Capital Ltd                      | CUSIP: 000000000<br>LEI: 5299009K0PUXVSIRL787 | Long             | EC               | CORP              | IN        |     23991 | NS      | $95575.49     | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Fisher & Paykel Healthcare Cor                | Fisher & Paykel Healthcare Corp Ltd           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | NZ        |      1380 | NS      | $29983.17     | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Lottomatica Group Spa                         | Lottomatica Group Spa                         | CUSIP: 000000000<br>LEI: 549300R72LKEGT4EX026 | Long             | EC               | CORP              | IT        |      1479 | NS      | $38760.46     | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Sweco AB                                      | Sweco AB                                      | CUSIP: 000000000<br>LEI: 549300Q4Y55VICYV6U90 | Long             | EC               | CORP              | SE        |      2115 | NS      | $34505.12     | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Piraeus Bank SA                               | Piraeus Bank SA                               | CUSIP: 000000000<br>LEI: 213800OYHR1MPQ5VJL60 | Long             | EC               | CORP              | GR        |      4785 | NS      | $38204.92     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhaojin Mining Industry Co Ltd                | Zhaojin Mining Industry Co Ltd                | CUSIP: 000000000<br>LEI: 3003007KU2DRDX06PN04 | Long             | EC               | CORP              | CN        |     37000 | NS      | $146095.77    | 2.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Lotes Co Ltd                                  | Lotes Co Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      1462 | NS      | $60280.65     | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Furuno Electric Co Ltd                        | Furuno Electric Co Ltd                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      2300 | NS      | $116782.19    | 1.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Howden Joinery Group PLC                      | Howden Joinery Group PLC                      | CUSIP: 000000000<br>LEI: 213800KC1LJOJTY3JP45 | Long             | EC               | CORP              | GB        |      9502 | NS      | $106341.94    | 1.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Dixon Technologies India Ltd                  | Dixon Technologies India Ltd                  | CUSIP: 000000000<br>LEI: 335800D7XO7AVXXJ8575 | Long             | EC               | CORP              | IN        |       325 | NS      | $43848.19     | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Sulzer AG                                     | Sulzer AG                                     | CUSIP: 000000000<br>LEI: 529900NZ6MAST5IJF669 | Long             | EC               | CORP              | CH        |       209 | NS      | $38587.32     | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Ampol Ltd                                     | Ampol Ltd                                     | CUSIP: 000000000<br>LEI: 5493009TD1CGVRZ27U11 | Long             | EC               | CORP              | AU        |       940 | NS      | $19978.23     | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Alimak Group AB                               | Alimak Group AB                               | CUSIP: 000000000<br>LEI: 549300LC2ER06GDV6565 | Long             | EC               | CORP              | SE        |      4832 | NS      | $75873.95     | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| ALK-Abello A/S                                | ALK-Abello A/S                                | CUSIP: 000000000<br>LEI: 529900SGCREUZCZ7P020 | Long             | EC               | CORP              | DK        |      1199 | NS      | $42908.95     | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| REN - Redes Energeticas Nacion                | REN - Redes Energeticas Nacionais SGPS SA     | CUSIP: 000000000<br>LEI: 549300FR1FN48IGHR915 | Long             | EC               | CORP              | PT        |     19327 | NS      | $73046.18     | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| RENK Group AG                                 | RENK Group AG                                 | CUSIP: 000000000<br>LEI: 894500H8CNSZ53EI6K63 | Long             | EC               | CORP              | DE        |       599 | NS      | $37330.49     | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| BAWAG Group AG                                | BAWAG Group AG                                | CUSIP: 000000000<br>LEI: 529900S9YO2JHTIIDG38 | Long             | EC               | CORP              | AT        |       312 | NS      | $46991.53     | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Gaztransport Et Technigaz SA                  | Gaztransport Et Technigaz SA                  | CUSIP: 000000000<br>LEI: 969500BVOHVZUUFWDT54 | Long             | EC               | CORP              | FR        |       857 | NS      | $157248.11    | 2.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Lynas Rare Earths Ltd                         | Lynas Rare Earths Ltd                         | CUSIP: 000000000<br>LEI: 529900SGT9M1FJPXXI35 | Long             | EC               | CORP              | AU        |     11088 | NS      | $90937.49     | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Central Pattana PCL                           | Central Pattana PCL                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |     30100 | NS      | $52704.52     | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Steel Works Ltd/The                     | Japan Steel Works Ltd/The                     | CUSIP: 000000000<br>LEI: 529900AWFTILIHHO0936 | Long             | EC               | CORP              | JP        |      2600 | NS      | $128047.12    | 1.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Chroma ATE Inc                                | Chroma ATE Inc                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      4932 | NS      | $121985.47    | 1.71%             |  |  |  | No            |                  2 | On Loan: No      |
| GE Vernova T&D India Ltd                      | GE Vernova T&D India Ltd                      | CUSIP: 000000000<br>LEI: 549300NMRD6VZDFLN355 | Long             | EC               | CORP              | IN        |      2534 | NS      | $88259.06     | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Exosens SAS                                   | Exosens SAS                                   | CUSIP: 000000000<br>LEI: 969500R3AKTPEDO9EG76 | Long             | EC               | CORP              | FR        |       743 | NS      | $42233.10     | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Auto Trader Group PLC                         | Auto Trader Group PLC                         | CUSIP: 000000000<br>LEI: 213800QLK9BZILB1DI86 | Long             | EC               | CORP              | GB        |      9182 | NS      | $72440.12     | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SOL SpA                                       | SOL SpA                                       | CUSIP: 000000000<br>LEI: 81560096A9AEBBBD4B25 | Long             | EC               | CORP              | IT        |      1015 | NS      | $58283.49     | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Infratil Ltd                                  | Infratil Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | NZ        |      9200 | NS      | $58706.69     | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Freenet AG                                    | Freenet AG                                    | CUSIP: 000000000<br>LEI: 5299003GLDODCVP8DO20 | Long             | EC               | CORP              | DE        |      2749 | NS      | $94695.68     | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| SpareBank 1 SMN                               | SpareBank 1 SMN                               | CUSIP: 000000000<br>LEI: 7V6Z97IO7R1SEAO84Q32 | Long             | EC               | CORP              | NO        |      6499 | NS      | $132730.75    | 1.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Pro Medicus Ltd                               | Pro Medicus Ltd                               | CUSIP: 000000000<br>LEI: 98450085A903D1BMFF27 | Long             | EC               | CORP              | AU        |       327 | NS      | $48024.27     | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Sieyuan Electric Co Ltd                       | Sieyuan Electric Co Ltd                       | CUSIP: 000000000<br>LEI: 836800H6UQQUWN4PSZ32 | Long             | EC               | CORP              | CN        |      5800 | NS      | $128215.63    | 1.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Ibiden Co Ltd                                 | Ibiden Co Ltd                                 | CUSIP: 000000000<br>LEI: 52990051DBFIQEY37C91 | Long             | EC               | CORP              | JP        |      3800 | NS      | $164129.24    | 2.31%             |  |  |  | No            |                  2 | On Loan: No      |
| IHI Corp                                      | IHI Corp                                      | CUSIP: 000000000<br>LEI: 549300ETQIESIUQ2OE26 | Long             | EC               | CORP              | JP        |      6700 | NS      | $117789.98    | 1.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Technip Energies NV                           | Technip Energies NV                           | CUSIP: 000000000<br>LEI: 724500FLODI49NSCIP70 | Long             | EC               | CORP              | FR        |      4244 | NS      | $161619.40    | 2.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Nitto Boseki Co Ltd                           | Nitto Boseki Co Ltd                           | CUSIP: 000000000<br>LEI: 3538005B13YMJ9BWQO82 | Long             | EC               | CORP              | JP        |      1400 | NS      | $91006.10     | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| RBC BlueBay U.S. Government Money Market Fund | RBC BlueBay U.S. Government Money Market Fund | CUSIP: 74926P696<br>LEI: 549300RFDC5U7WLJKO50 | Long             | STIV             | RF                | US        |    237235 | NS      | $237234.66    | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Zealand Pharma A/S                            | Zealand Pharma A/S                            | CUSIP: 000000000<br>LEI: 549300ITBB1ULBL4CZ12 | Long             | EC               | CORP              | DK        |       438 | NS      | $31821.70     | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Samyang Foods Co Ltd                          | Samyang Foods Co Ltd                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |        74 | NS      | $63184.82     | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| E Ink Holdings Inc                            | E Ink Holdings Inc                            | CUSIP: 000000000<br>LEI: 529900UOR451FJJYL571 | Long             | EC               | CORP              | TW        |      4619 | NS      | $29020.90     | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Kanzhun Ltd                                   | Kanzhun Ltd                                   | CUSIP: 48553T106<br>LEI: 254900F4ZCBITP7L0251 | Long             | EC               | CORP              | CN        |      3900 | NS      | $79482.00     | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Life360 Inc                                   | Life360 Inc                                   | CUSIP: 000000000<br>LEI: 254900VO9VDOQBQAHF07 | Long             | EC               | CORP              | US        |      3876 | NS      | $86149.82     | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Food & Life Cos Ltd                           | Food & Life Cos Ltd                           | CUSIP: 000000000<br>LEI: 529900CWF7GCVZKS5M87 | Long             | EC               | CORP              | JP        |      3100 | NS      | $156381.90    | 2.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Paladin Energy Ltd                            | Paladin Energy Ltd                            | CUSIP: 000000000<br>LEI: 549300M44UTJAP8J6B37 | Long             | EC               | CORP              | AU        |      9145 | NS      | $57964.73     | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Steadfast Group Ltd                           | Steadfast Group Ltd                           | CUSIP: 000000000<br>LEI: 9845003B6BEAA12DBD91 | Long             | EC               | CORP              | AU        |     24912 | NS      | $87504.01     | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Merlin Properties Socimi SA                   | Merlin Properties Socimi SA                   | CUSIP: 000000000<br>LEI: 959800L8KD863DP30X04 | Long             | EC               | CORP              | ES        |      7905 | NS      | $115084.92    | 1.62%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** RBC Funds Trust

**Signature:** Kathy Hegna

**Name of Signer:** Kathy Hegna

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