# EDGAR Filing Document

**Accession Number:** 0001272950
**File Stem:** 0000940400-26-007500
**Filing Date:** 2026-2
**Character Count:** 97681
**Document Hash:** 76d498758308cfab10811d6ef07a9b86
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-007500.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0000940400-26-007500

**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:** 26675527

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

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

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

## Series and Classes Contracts Data

### RBC BlueBay Short Duration Fixed Income Fund (Series ID: S000043718)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000135576 | Class I      | RSDIX           |
| C000138515 | Class A      | RSHFX           |

## Nport-Ex

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay Short Duration Fixed Income Fund

------

December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Value** |
| **Corporate Bonds — 38.6%** | **Corporate Bonds — 38.6%** |  |
| **Basic Materials — 0.9%** | **Basic Materials — 0.9%** |  |
| $165000 | Georgia-Pacific LLC, 4.40%, 6/30/28(a) | &nbsp;&nbsp;&nbsp;$166749 |
| &nbsp;&nbsp;535000 | Syensqo Finance America LLC, 5.65%, 6/4/29(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;553615 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;720364 |
| **Communications — 0.7%** | **Communications — 0.7%** |  |
| &nbsp;&nbsp;540000 | Charter Communications Operating LLC / Charter Communications Operating Capital, 6.10%, 6/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;563416 |
| **Consumer, Cyclical — 5.1%** | **Consumer, Cyclical — 5.1%** |  |
| &nbsp;&nbsp;600000 | American Honda Finance Corp., (SOFR RATE + 0.720%), GMTN, 4.63%, 10/22/27(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;600794 |
| &nbsp;&nbsp;515000 | Aptiv Swiss Holdings Ltd., 4.65%, 9/13/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;524637 |
| &nbsp;&nbsp;500000 | Daimler Truck Finance North America LLC, 5.15%, 1/16/26(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500197 |
| &nbsp;&nbsp;265000 | General Motors Financial Co., Inc., (SOFR RATE + 1.040%), 4.82%, 2/26/27(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;265296 |
| &nbsp;&nbsp;545000 | Hyundai Capital America, 4.88%, 6/23/27(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;551038 |
| &nbsp;&nbsp;400000 | Hyundai Capital America, 5.30%, 3/19/27(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;405622 |
| &nbsp;&nbsp;605000 | Volkswagen Group of America Finance LLC, 4.90%, 8/14/26(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;607024 |
| &nbsp;&nbsp;500000 | Volkswagen Group of America Finance LLC, 6.00%, 11/16/26(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;508057 |
|  |  | &nbsp;&nbsp;&nbsp;3962665 |
| **Consumer, Non-cyclical — 2.6%** | **Consumer, Non-cyclical — 2.6%** |  |
| &nbsp;&nbsp;375000 | Amgen, Inc., 5.15%, 3/2/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;383708 |
| &nbsp;&nbsp;475000 | CVS Health Corp., 5.00%, 2/20/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;475009 |
| &nbsp;&nbsp;525000 | HCA, Inc., 5.20%, 6/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;538067 |
| &nbsp;&nbsp;480000 | Royalty Pharma Plc, 5.15%, 9/2/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;493109 |
| &nbsp;&nbsp;128000 | Solventum Corp., 5.45%, 2/25/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129838 |
|  |  | &nbsp;&nbsp;&nbsp;2019731 |
| **Energy — 2.2%** | **Energy — 2.2%** |  |
| &nbsp;&nbsp;100000 | Baker Hughes Holdings LLC / Baker Hughes Co.-Obligor, Inc., 2.06%, 12/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98305 |
| &nbsp;&nbsp;450000 | Columbia Pipelines Holding Co. LLC, 6.06%, 8/15/26(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;454190 |
| &nbsp;&nbsp;540000 | Energy Transfer LP, 5.25%, 7/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;555845 |
| &nbsp;&nbsp;500000 | Enterprise Products Operating LLC, 5.05%, 1/10/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500010 |
| &nbsp;&nbsp;125000 | Kinder Morgan, Inc., 1.75%, 11/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122732 |
|  |  | &nbsp;&nbsp;&nbsp;1731082 |
| **Financial — 19.2%** | **Financial — 19.2%** |  |
| &nbsp;&nbsp;255000 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust, 4.63%, 9/10/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;257570 |
| &nbsp;&nbsp;250000 | Athene Global Funding, 1.61%, 6/29/26(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246807 |
| &nbsp;&nbsp;125000 | Athene Global Funding, 1.73%, 10/2/26(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122623 |
| &nbsp;&nbsp;750000 | Bank of America Corp., 5.08%, 1/20/27(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;750279 |
| &nbsp;&nbsp;175000 | Bank of Montreal, 5.00%, 1/27/29(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178285 |
| &nbsp;&nbsp;390000 | Charles Schwab Corp. (The), (SOFR Index + 1.050%), 4.80%, 3/3/27(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;392551 |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay Short Duration Fixed Income Fund (cont.)

------

December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Value** |
| &nbsp;&nbsp;&nbsp;$350000 | Citigroup, Inc., (SOFR RATE + 0.770%), 4.51%, 6/9/27(b) | &nbsp;&nbsp;&nbsp;&nbsp;$350427 |
| &nbsp;&nbsp;&nbsp;&nbsp;620000 | Citizens Financial Group, Inc., 5.84%, 1/23/30(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;646781 |
| &nbsp;&nbsp;&nbsp;&nbsp;560000 | Constellation Global Funding, 4.85%, 10/22/30(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;556069 |
| &nbsp;&nbsp;&nbsp;&nbsp;540000 | Credit Agricole SA, 1.25%, 1/26/27(a),(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;538873 |
| &nbsp;&nbsp;&nbsp;&nbsp;500000 | Credit Agricole SA, 5.34%, 1/10/30(a),(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;514923 |
| &nbsp;&nbsp;&nbsp;&nbsp;570000 | Deutsche Bank AG, 5.71%, 2/8/28(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;579121 |
| &nbsp;&nbsp;&nbsp;&nbsp;200000 | DNB Bank ASA, 1.54%, 5/25/27(a),(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197940 |
| &nbsp;&nbsp;&nbsp;&nbsp;565000 | Equitable America Global Funding, 4.65%, 6/9/28(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;570662 |
| &nbsp;&nbsp;&nbsp;&nbsp;300000 | GA Global Funding Trust, 2.25%, 1/6/27(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;294267 |
| &nbsp;&nbsp;&nbsp;&nbsp;750000 | Goldman Sachs Group, Inc. (The), 4.94%, 4/23/28(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;758554 |
| &nbsp;&nbsp;&nbsp;&nbsp;750000 | HSBC Holdings Plc, 5.60%, 5/17/28(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;764291 |
| &nbsp;&nbsp;&nbsp;&nbsp;175000 | JPMorgan Chase & Co., 5.04%, 1/23/28(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176797 |
| &nbsp;&nbsp;1000000 | JPMorgan Chase & Co., 6.07%, 10/22/27(c) | &nbsp;&nbsp;&nbsp;&nbsp;1015604 |
| &nbsp;&nbsp;&nbsp;&nbsp;600000 | Lloyds Banking Group Plc, 4.82%, 6/13/29(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;609864 |
| &nbsp;&nbsp;&nbsp;&nbsp;240000 | Lloyds Banking Group Plc, 5.09%, 11/26/28(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;244521 |
| &nbsp;&nbsp;&nbsp;&nbsp;200000 | Macquarie Airfinance Holdings Ltd., 6.40%, 3/26/29(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;209472 |
| &nbsp;&nbsp;&nbsp;&nbsp;760000 | Met Tower Global Funding, 4.00%, 10/1/27(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;761487 |
| &nbsp;&nbsp;&nbsp;&nbsp;765000 | Morgan Stanley, 5.05%, 1/28/27(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;765404 |
| &nbsp;&nbsp;&nbsp;&nbsp;700000 | New York Life Global Funding, 3.90%, 10/1/27(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;701046 |
| &nbsp;&nbsp;&nbsp;&nbsp;460000 | PNC Bank NA, 4.54%, 5/13/27(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;460643 |
| &nbsp;&nbsp;1000000 | PNC Financial Services Group, Inc. (The), 6.62%, 10/20/27(c) | &nbsp;&nbsp;&nbsp;&nbsp;1019736 |
| &nbsp;&nbsp;&nbsp;&nbsp;500000 | Truist Financial Corp., MTN, 7.16%, 10/30/29(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;539243 |
| &nbsp;&nbsp;&nbsp;&nbsp;420000 | Wells Fargo & Co., GMTN, 3.53%, 3/24/28(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;417222 |
| &nbsp;&nbsp;&nbsp;&nbsp;385000 | Wells Fargo & Co., Series W, GMTN, 4.90%, 1/24/28(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;388328 |
|  |  | &nbsp;&nbsp;&nbsp;15029390 |
| **Industrial — 0.4%** | **Industrial — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;300000 | CNH Industrial Capital LLC, 1.45%, 7/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;295703 |
| **Technology — 3.8%** | **Technology — 3.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;750000 | Broadcom, Inc., 3.46%, 9/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;747666 |
| &nbsp;&nbsp;&nbsp;&nbsp;500000 | Broadcom, Inc., 4.80%, 4/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;508910 |
| &nbsp;&nbsp;&nbsp;&nbsp;500000 | Foundry JV Holdco LLC, 5.90%, 1/25/30(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;523243 |
| &nbsp;&nbsp;&nbsp;&nbsp;500000 | Oracle Corp., 3.25%, 11/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;489677 |
| &nbsp;&nbsp;&nbsp;&nbsp;450000 | Synopsys, Inc., 4.65%, 4/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;456205 |
| &nbsp;&nbsp;&nbsp;&nbsp;200000 | TSMC Arizona Corp., 1.75%, 10/25/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;196442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49000 | Western Digital Corp., 4.75%, 2/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48985 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2971128 |
| **Utilities — 3.7%** | **Utilities — 3.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;275000 | Ameren Corp., 1.95%, 3/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;268654 |
| &nbsp;&nbsp;&nbsp;&nbsp;250000 | CenterPoint Energy, Inc., 1.45%, 6/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247338 |
| &nbsp;&nbsp;&nbsp;&nbsp;250000 | Fells Point Funding Trust, 3.05%, 1/31/27(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247046 |
| &nbsp;&nbsp;&nbsp;&nbsp;700000 | NextEra Energy Capital Holdings, Inc., 4.69%, 9/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;708250 |
| &nbsp;&nbsp;&nbsp;&nbsp;500000 | NextEra Energy Capital Holdings, Inc., 4.85%, 2/4/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;509312 |
| &nbsp;&nbsp;&nbsp;&nbsp;320000 | Southern Co. Gas Capital Corp., Series A, 4.05%, 9/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;320162 |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay Short Duration Fixed Income Fund (cont.)

------

December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Value** |
| $260000 | Southern Power Co., Series A, 4.25%, 10/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;$259585 |
| &nbsp;&nbsp;300000 | System Energy Resources, Inc., 6.00%, 4/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;311282 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2871629 |
| **Total Corporate Bonds** | **Total Corporate Bonds** | &nbsp;&nbsp;&nbsp;**30165108** |
| (Cost $29,822,694) | (Cost $29,822,694) |  |
| **Asset Backed Securities — 37.4%** | **Asset Backed Securities — 37.4%** |  |
| &nbsp;&nbsp;162196 | ACHV ABS Trust, Series 2024-3AL, Class C, 5.68%, 12/26/31(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162852 |
| &nbsp;&nbsp;175000 | Affirm Asset Securitization Trust, Series 2024-X2, Class C, 5.62%, 12/17/29(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175547 |
| &nbsp;&nbsp;685000 | Ally Auto Receivables Trust, Series 2023-A, Class C, 6.08%, 1/17/34(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;691013 |
| &nbsp;&nbsp;675000 | Amur Equipment Finance Receivables XI LLC, Series 2022-2A, Class C, 6.27%, 1/22/29(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;679863 |
| &nbsp;&nbsp;700000 | Amur Equipment Finance Receivables XI LLC, Series 2022-2A, Class D, 7.25%, 5/21/29(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;707891 |
| &nbsp;&nbsp;750000 | Amur Equipment Finance Receivables XII LLC, Series 2023-1A, Class D, 7.48%, 7/22/30(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;778285 |
| &nbsp;&nbsp;755194 | Bellemeade Re Ltd., Series 2025-1, Class M1A, (SOFR30A + 1.550%), 5.42%, 10/25/35(a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;755649 |
| &nbsp;&nbsp;380000 | Carmax Auto Owner Trust, Series 2022-4, Class C, 6.49%, 7/17/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;388875 |
| &nbsp;&nbsp;365000 | Carmax Auto Owner Trust, Series 2022-4, Class D, 8.08%, 4/16/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;379021 |
| &nbsp;&nbsp;525000 | Carmax Auto Owner Trust, Series 2024-3, Class C, 5.28%, 3/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;534546 |
| &nbsp;&nbsp;&nbsp;&nbsp;62787 | Carvana Auto Receivables Trust, Series 2021-N3, Class D, 1.58%, 6/12/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61267 |
| &nbsp;&nbsp;&nbsp;&nbsp;64141 | Carvana Auto Receivables Trust, Series 2021-N4, Class D, 2.30%, 9/11/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62768 |
| &nbsp;&nbsp;620000 | Centersquare Issuer LLC, Series 2024-1A, Class B, 5.60%, 10/26/54(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;600367 |
| &nbsp;&nbsp;500000 | Crown Point CLO IV Ltd., Series 2018-4A, Class D, (Term SOFR 3M + 3.012%), 6.90%, 4/20/31(a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;498850 |
| &nbsp;&nbsp;500000 | Dell Equipment Finance Trust, Series 2023-2, Class D, 6.74%, 7/23/29(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;502285 |
| &nbsp;&nbsp;350000 | Dell Equipment Finance Trust, Series 2023-3, Class D, 6.75%, 10/22/29(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;352823 |
| &nbsp;&nbsp;700000 | Dell Equipment Finance Trust, Series 2024-1, Class C, 5.73%, 3/22/30(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;710095 |
| &nbsp;&nbsp;750000 | Dell Equipment Finance Trust, Series 2024-1, Class D, 6.12%, 9/23/30(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;761363 |
| &nbsp;&nbsp;225000 | Dell Equipment Finance Trust, Series 2024-2, Class D, 5.29%, 2/24/31(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;227317 |
| &nbsp;&nbsp;550000 | Dext ABS LLC, Series 2025-2, Class A3, 4.23%, 4/15/36(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;550302 |
| &nbsp;&nbsp;995000 | DT Auto Owner Trust, Series 2023-2A, Class D, 6.62%, 2/15/29(a) | &nbsp;&nbsp;&nbsp;&nbsp;1016830 |
| &nbsp;&nbsp;133080 | Exeter Automobile Receivables Trust, Series 2022-6A, Class C, 6.32%, 5/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133511 |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay Short Duration Fixed Income Fund (cont.)

------

December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Value** |
| &nbsp;&nbsp;&nbsp;$750000 | Exeter Automobile Receivables Trust, Series 2023-1A, Class D, 6.69%, 6/15/29 | &nbsp;&nbsp;&nbsp;$760997 |
| &nbsp;&nbsp;&nbsp;&nbsp;550000 | Exeter Automobile Receivables Trust, Series 2023-2A, Class D, 6.32%, 8/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;559575 |
| &nbsp;&nbsp;&nbsp;&nbsp;475000 | Exeter Automobile Receivables Trust, Series 2023-5A, Class C, 6.85%, 1/16/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;481415 |
| &nbsp;&nbsp;&nbsp;&nbsp;800000 | Exeter Automobile Receivables Trust, Series 2023-5A, Class D, 7.13%, 2/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;825236 |
| &nbsp;&nbsp;&nbsp;&nbsp;525000 | Exeter Automobile Receivables Trust, Series 2024-4A, Class C, 5.48%, 8/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;531844 |
| &nbsp;&nbsp;1000000 | Exeter Select Automobile Receivables Trust, Series 2025-2, Class A3, 4.43%, 8/15/30 | &nbsp;&nbsp;&nbsp;1008056 |
| &nbsp;&nbsp;&nbsp;&nbsp;845000 | Ford Credit Auto Owner Trust, Series 2021-2, Class D, 2.60%, 5/15/34(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;829072 |
| &nbsp;&nbsp;&nbsp;&nbsp;500000 | Ford Credit Auto Owner Trust, Series 2022-1, Class C, 4.67%, 11/15/34(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;501249 |
| &nbsp;&nbsp;&nbsp;&nbsp;425000 | Gm Financial Automobile Leasing Trust, Series 2025-2, Class B, 4.80%, 4/20/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;429115 |
| &nbsp;&nbsp;1000000 | GM Financial Consumer Automobile Receivables Trust, Series 2023-1, Class B, 5.03%, 9/18/28 | &nbsp;&nbsp;&nbsp;1008272 |
| &nbsp;&nbsp;&nbsp;&nbsp;485000 | GreatAmerica Leasing Receivables Funding LLC Series, Series 2024-1, Class C, 5.43%, 12/15/31(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;495732 |
| &nbsp;&nbsp;&nbsp;&nbsp;500000 | HPEFS Equipment Trust, Series 2024-1A, Class D, 5.82%, 11/20/31(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;505943 |
| &nbsp;&nbsp;&nbsp;&nbsp;475000 | HPEFS Equipment Trust, Series 2024-2A, Class D, 5.82%, 4/20/32(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;484267 |
| &nbsp;&nbsp;&nbsp;&nbsp;700000 | Hyundai Auto Lease Securitization Trust, Series 2024-B, Class B, 5.56%, 8/15/28(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;707782 |
| &nbsp;&nbsp;&nbsp;&nbsp;580000 | Hyundai Auto Receivables Trust, Series 2024-B, Class C, 5.29%, 10/15/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;592228 |
| &nbsp;&nbsp;&nbsp;&nbsp;575000 | LAD Auto Receivables Trust, Series 2023-3A, Class C, 6.43%, 12/15/28(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;584551 |
| &nbsp;&nbsp;&nbsp;&nbsp;396226 | Marlette Funding Trust, Series 2024-1A, Class B, 6.07%, 7/17/34(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;398065 |
| &nbsp;&nbsp;&nbsp;&nbsp;269406 | MMP Capital LLC, Series 2025-A, Class A, 5.36%, 12/15/31(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;271773 |
| &nbsp;&nbsp;1000000 | NextGear Floorplan Master Owner Trust, Series 2025-1A, Class B, 4.89%, 2/15/30(a) | &nbsp;&nbsp;&nbsp;1002918 |
| &nbsp;&nbsp;&nbsp;&nbsp;556498 | Santander Drive Auto Receivables Trust, Series 2022-2, Class C, 3.76%, 7/16/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;555810 |
| &nbsp;&nbsp;&nbsp;&nbsp;625000 | Santander Drive Auto Receivables Trust, Series 2023-4, Class B, 5.77%, 12/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;630953 |
| &nbsp;&nbsp;&nbsp;&nbsp;475000 | Santander Drive Auto Receivables Trust, Series 2023-4, Class C, 6.04%, 12/15/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;487374 |
| &nbsp;&nbsp;&nbsp;&nbsp;505000 | Santander Drive Auto Receivables Trust, Series 2023-5, Class B, 6.16%, 12/17/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;511940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98681 | SBNA Auto Receivables Trust, Series 2025-SF1, Class B, 5.12%, 3/17/31(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98746 |
| &nbsp;&nbsp;&nbsp;&nbsp;500000 | Shackleton-R CLO Ltd., Series 2015-7RA, Class DRR, (Term SOFR 3M + 3.000%), 6.91%, 7/15/31(a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;498900 |
| &nbsp;&nbsp;&nbsp;&nbsp;360000 | Switch ABS Issuer LLC, Series 2024-2A, Class B, 6.20%, 6/25/54(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362538 |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay Short Duration Fixed Income Fund (cont.)

------

December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Value** |
| $475000 | Tesla Auto Lease Trust, Series 2023-B, Class B, 6.57%, 8/20/27(a) | &nbsp;&nbsp;&nbsp;&nbsp;$475000 |
| &nbsp;&nbsp;610000 | Tricolor Auto Securitization Trust, Series 2024-1A, Class D, 8.61%, 4/17/28(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;356995 |
| &nbsp;&nbsp;500000 | Tricolor Auto Securitization Trust, Series 2024-3A, Class D, 6.34%, 4/16/29(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156657 |
| &nbsp;&nbsp;252951 | Upstart Securitization Trust, Series 2024-1, Class A, 5.33%, 11/20/34(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;252828 |
| &nbsp;&nbsp;215000 | Verizon Master Trust, Series 2023-1, Class C, 4.98%, 1/22/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;215063 |
| &nbsp;&nbsp;380000 | Verizon Master Trust, Series 2024-6, Class C, 4.67%, 8/20/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;382084 |
| &nbsp;&nbsp;815000 | Verizon Master Trust Series, Series 2025-9, Class C, 4.41%, 10/21/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;816114 |
| &nbsp;&nbsp;750000 | Westlake Automobile Receivables Trust, Series 2025-1A, Class C, 5.14%, 10/15/30(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;757481 |
| **Total Asset Backed Securities** | **Total Asset Backed Securities** | &nbsp;&nbsp;&nbsp;**29267893** |
| (Cost $29,706,420) | (Cost $29,706,420) |  |
| **Collateralized Mortgage Obligations — 7.6%** | **Collateralized Mortgage Obligations — 7.6%** |  |
| &nbsp;&nbsp;300000 | Connecticut Avenue Securities Trust, Series 2024-R02, Class 1M2, (SOFR30A + 1.800%), 5.67%, 2/25/44(a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;301580 |
| &nbsp;&nbsp;316000 | Connecticut Avenue Securities Trust, Series 2024-R05, Class 2M2, (SOFR30A + 1.700%), 5.57%, 7/25/44(a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;317283 |
| &nbsp;&nbsp;281618 | Cross Mortgage Trust, Series 2023-H2, Class A1A, 7.14%, 11/25/68(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;284957 |
| &nbsp;&nbsp;&nbsp;&nbsp;70662 | Freddie Mac STACR REMIC Trust, Series 2022-DNA3, Class M1A, (SOFR30A + 2.000%), 5.87%, 4/25/42(a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71172 |
| &nbsp;&nbsp;&nbsp;&nbsp;62917 | Freddie Mac STACR REMIC Trust, Series 2023-DNA1, Class M1A, (SOFR30A + 2.100%), 5.97%, 3/25/43(a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63580 |
| &nbsp;&nbsp;185000 | Freddie Mac STACR REMIC Trust, Series 2024-DNA3, Class M2, (SOFR30A + 1.450%), 5.32%, 10/25/44(a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184883 |
| &nbsp;&nbsp;638652 | HOMES Trust, Series 2025-AFC2, Class A1A, 5.47%, 6/25/60(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;643562 |
| &nbsp;&nbsp;759390 | HOMES Trust, Series 2025-NQM4, Class A1, 5.22%, 8/25/70(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;762427 |
| &nbsp;&nbsp;465764 | JP Morgan Mortgage Trust, Series 2025-VIS1, Class A1, 0.00%, 8/25/55(a),(d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;470796 |
| &nbsp;&nbsp;425000 | OBX Trust, Series 2023-NQM4, Class M1, 7.07%, 3/25/63(a),(d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;425671 |
| &nbsp;&nbsp;227461 | OBX Trust, Series 2023-NQM6, Class A3, 6.98%, 7/25/63(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;228549 |
| &nbsp;&nbsp;322905 | OBX Trust, Series 2025-NQM10, Class A1, 5.45%, 5/25/65(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325657 |
| &nbsp;&nbsp;353378 | OBX Trust, Series 2025-NQM11, Class A1, 5.42%, 5/25/65(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;356372 |
| &nbsp;&nbsp;330130 | OBX Trust, Series 2025-NQM3, Class A1, 5.65%, 12/1/64(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;333574 |
| &nbsp;&nbsp;226765 | Verus Securitization Trust, Series 2023-4, Class A1, 5.81%, 5/25/68(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;226861 |
| &nbsp;&nbsp;339141 | Verus Securitization Trust, Series 2024-3, Class A3, 6.85%, 4/25/69(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;343044 |
| &nbsp;&nbsp;635028 | Verus Securitization Trust, Series 2025-5, Class A1, 5.43%, 6/25/70(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;640266 |
| **Total Collateralized Mortgage Obligations** | **Total Collateralized Mortgage Obligations** | &nbsp;&nbsp;&nbsp;&nbsp;**5980234** |
| (Cost $5,954,587) | (Cost $5,954,587) |  |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay Short Duration Fixed Income Fund (cont.)

------

December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Value** |
| **U.S. Government Agency Backed Mortgages — 0.3%** | **U.S. Government Agency Backed Mortgages — 0.3%** |  |
| **Fannie Mae — 0.3%** | **Fannie Mae — 0.3%** |  |
| $208883 | Pool #CB7160, 6.50%, 9/1/53 | $218323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;890 | Series 2001-70, Class OF, (SOFR30A + 1.064%), 4.94%, 10/25/31(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;744 | Series 2009-87, Class FX, (SOFR30A + 0.864%), 4.74%, 11/25/39(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;748 |
|  |  | &nbsp;&nbsp;&nbsp;219971 |
| **Freddie Mac — 0.0%** | **Freddie Mac — 0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;663 | Series 2448, Class FT, (SOFR30A + 1.114%), 5.10%, 3/15/32(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;670 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;765 | Series 2488, Class FQ, (SOFR30A + 1.114%), 5.10%, 3/15/32(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;774 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1444 |
| **Total U.S. Government Agency Backed Mortgages** | **Total U.S. Government Agency Backed Mortgages** | &nbsp;&nbsp;&nbsp;**221415** |
| (Cost $216,140) | (Cost $216,140) |  |

---

---

| | | |
|:---|:---|:---|
| **Commercial Paper — 10.4%** | **Commercial Paper — 10.4%** |  |
| 1050000 | Alimentation Couche-Tard Inc., 3.93%, 1/12/26(e) | 1048633 |
| 1000000 | AvalonBay Communities, Inc., 3.85%, 1/8/26(e) | &nbsp;&nbsp;&nbsp;&nbsp;999142 |
| 1000000 | Avangrid, Inc., 3.80%, 1/13/26(e) | &nbsp;&nbsp;&nbsp;&nbsp;998628 |
| 1000000 | Cargill, Inc., 3.74%, 1/6/26(e) | &nbsp;&nbsp;&nbsp;&nbsp;999383 |
| 1000000 | Fidelity National Financial, Inc., 3.96%, 1/16/26(e) | &nbsp;&nbsp;&nbsp;&nbsp;998260 |
| 1000000 | GlaxoSmithKline LLC, 3.71%, 1/2/26(e) | &nbsp;&nbsp;&nbsp;&nbsp;999795 |
| 1100000 | McDonald's Corporation, 3.95%, 1/16/26(e) | 1098123 |
| 1000000 | The Canadian Pacific Railway Co., 3.91%, 1/13/26(e) | &nbsp;&nbsp;&nbsp;&nbsp;998615 |
| **Total Commercial Paper** | **Total Commercial Paper** | **8140579** |
| (Cost $8,142,286) | (Cost $8,142,286) |  |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  |  |
| **Investment Company — 4.6%** | **Investment Company — 4.6%** |  |
| 3570920 | RBC BlueBay U.S. Government Money Market Fund,<br> Institutional Class 1(f) | &nbsp;&nbsp;&nbsp;&nbsp;3570920 |
| **Total Investment Company** | **Total Investment Company** | &nbsp;&nbsp;&nbsp;&nbsp;**3570920** |
| (Cost $3,570,920) | (Cost $3,570,920) |  |
| **Total Investments** | **Total Investments** | **$77346149** |
| (Cost $77,413,047) — 98.9% | (Cost $77,413,047) — 98.9% |  |
| **Other assets in excess of liabilities — 1.1%** | **Other assets in excess of liabilities — 1.1%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**847982** |
| **NET ASSETS — 100.0%** | **NET ASSETS — 100.0%** | **$78194131** |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay Short Duration Fixed Income Fund (cont.)

------

December 31, 2025 (Unaudited)

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

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

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

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

(f) Affiliated investment.

#### Financial futures contracts as of December 31, 2025:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Long Position** | &nbsp;&nbsp;**Number of<br> Contracts** | &nbsp;&nbsp;**Expiration<br> Date** | &nbsp;&nbsp;**Value/Unrealized<br> Appreciation** | &nbsp;&nbsp;**Notional<br> Value** | &nbsp;&nbsp;**Notional<br> Value** | &nbsp;&nbsp;**Clearinghouse** |
| 2 Year U.S. Treasury Note | &nbsp;&nbsp;122 | &nbsp;&nbsp;March 2026 | &nbsp;&nbsp;$4357 | &nbsp;&nbsp;USD | &nbsp;&nbsp;$25472266 | &nbsp;&nbsp;Citigroup Global Markets, Inc. |
| **Total** |  |  | &nbsp;&nbsp;$4357 |  |  |  |

---

---

| |
|:---|
| Abbreviations used are defined below: |
| GMTN - Global Medium Term Note |
| MTN - Medium Term Note |
| SOFR - Secured Overnight Financing Rate |
| SOFR30A - Secured Overnight Financing Rate 30 Day Average |
| USD - United States Dollar |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Minneapolis

  - **State:** MN

  - **Foreign country:** US

  - **Zip / Postal Code:** 55401

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

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

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

- **b. EDGAR series identifier (if any):** S000043718

- **c. LEI of Series:** 5493007T7EM1H5XUC487

**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:** $78219303.88

**Total Liabilities:** $418830.98

**Net Assets:** $77800472.90

**Cash Not Reported:** $524.47

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 784.92000000 | **1-Year:** 4908.62000000 | **5-Year:** 2210.48000000 | **10-Year:** 71.35000000 | **30-Year:** 40.14000000

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

- **3-Month:** 143.15000000 | **1-Year:** 908.99000000 | **5-Year:** 744.23000000 | **10-Year:** 2.25000000 | **30-Year:** 1.80000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000135576 | 0.09%                | 0.49%                | 0.39%                |
| Class ID C000138515 | 0.09%                | 0.48%                | 0.49%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $28968.65                | $-205027.32                                |
| Month 2  | $-1558.37                | $54575.55                                  |
| Month 3  | $1168.06                 | $21670.79                                  |

**Designated Index Information**

- **Index Name:** ICE BofA 1-3 Year US Corp & Govt Index

- **Index Identifier:** B1A0

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.   | US 2YR NOTE (CBT)                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        92 | NC      | $5352.38      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Equipment Finance Trust                  | Dell Equipment Finance Trust 2024-2                                             | CUSIP: 24704EAL2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    225000 | PA      | $227316.94    | 0.29%             | 2031-02-24      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                    | Affirm Asset Securitization Trust 2024-X2                                       | CUSIP: 00833QAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    175000 | PA      | $175547.42    | 0.23%             | 2029-12-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                        | American Honda Finance Corp                                                     | CUSIP: 02665WFS5<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    600000 | PA      | $600794.56    | 0.77%             | 2027-10-22      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                      | New York Life Global Funding                                                    | CUSIP: 64952WFJ7<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    700000 | PA      | $701045.70    | 0.90%             | 2027-10-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                             | HSBC Holdings PLC                                                               | CUSIP: 404280EF2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    750000 | PA      | $764291.50    | 0.98%             | 2028-05-17      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                      | OBX 2025-NQM10 Trust                                                            | CUSIP: 67121LAA4<br>LEI: 254900NDJVO62R77II89 | Long             | ABS-MBS          | CORP              | US        |    322905 | PA      | $325657.25    | 0.42%             | 2065-05-25      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                  | Dell Equipment Finance Trust 2023-3                                             | CUSIP: 24702EAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $352822.97    | 0.45%             | 2029-10-22      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                  | Dell Equipment Finance Trust 2024-1                                             | CUSIP: 24702GAJ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $710094.92    | 0.91%             | 2030-03-22      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                       | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GC77<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    750000 | PA      | $758554.05    | 0.97%             | 2028-04-23      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasin                | Gm Financial Automobile Leasing Trust 2025-2                                    | CUSIP: 362962AF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    425000 | PA      | $429114.58    | 0.55%             | 2029-04-20      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                       | Hyundai Capital America                                                         | CUSIP: 44891ADU8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    545000 | PA      | $551037.68    | 0.71%             | 2027-06-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl                | Santander Drive Auto Receivables Trust 2023-5                                   | CUSIP: 80286PAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    505000 | PA      | $511939.84    | 0.66%             | 2029-12-17      | Fixed         | 6.16%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables                 | Exeter Automobile Receivables Trust 2022-6                                      | CUSIP: 30168AAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    133080 | PA      | $133511.07    | 0.17%             | 2028-05-15      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO GAS CAPITAL                       | Southern Co Gas Capital Corp                                                    | CUSIP: 8426EPAJ7<br>LEI: E8CD46SWUD2TSN8PA636 | Long             | DBT              | CORP              | US        |    320000 | PA      | $320161.64    | 0.41%             | 2028-09-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                        | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KDG2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    500000 | PA      | $509312.30    | 0.65%             | 2028-02-04      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| HCA INC                                       | HCA Inc                                                                         | CUSIP: 404119CP2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    525000 | PA      | $538066.90    | 0.69%             | 2028-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                  | Synopsys Inc                                                                    | CUSIP: 871607AB3<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    450000 | PA      | $456205.10    | 0.59%             | 2028-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC                            | Royalty Pharma PLC                                                              | CUSIP: 78081BAQ6<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |    480000 | PA      | $493109.21    | 0.63%             | 2029-09-02      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Home Owner Mortgage Enhanced S                | HOMES 2025-NQM4 Trust                                                           | CUSIP: 403958AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    759390 | PA      | $762427.35    | 0.98%             | 2070-08-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivable                | Westlake Automobile Receivables Trust 2025-1                                    | CUSIP: 96043VAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $757481.51    | 0.97%             | 2030-10-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| BAKER HUGHES LLC/CO-OBL                       | Baker Hughes Holdings LLC / Baker Hughes Co-Obligor Inc                         | CUSIP: 05724BAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $98305.13     | 0.13%             | 2026-12-15      | Fixed         | 2.06%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/F                | Ford Credit Auto Owner Trust 2022-REV1                                          | CUSIP: 34528EAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $501248.69    | 0.64%             | 2034-11-15      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae REMICS                                                               | CUSIP: 31398FM57<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       744 | PA      | $748.43       | 0.00%             | 2039-11-25      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                      | OBX 2025-NQM3 Trust                                                             | CUSIP: 67448YAC8<br>LEI: 254900MBGY6CR10DAX67 | Long             | ABS-MBS          | CORP              | US        |    330130 | PA      | $333573.67    | 0.43%             | 2064-12-01      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization T                | Tricolor Auto Securitization Trust 2024-1                                       | CUSIP: 89616LAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    610000 | PA      | $356994.85    | 0.46%             | 2028-04-17      | Fixed         | 8.61%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                      | Lloyds Banking Group PLC                                                        | CUSIP: 53944YBC6<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    240000 | PA      | $244521.41    | 0.31%             | 2028-11-26      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| AXIS Equipment Finance Receiva                | Amur Equipment Finance Receivables XI LLC                                       | CUSIP: 03236XAE7<br>LEI: 549300IFG1NMINYRYF89 | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $707890.92    | 0.91%             | 2029-05-21      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                               | CVS Health Corp                                                                 | CUSIP: 126650DS6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    475000 | PA      | $475009.14    | 0.61%             | 2026-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac REMICS                                                              | CUSIP: 31392TLZ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       765 | PA      | $774.22       | 0.00%             | 2032-03-15      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                      | JP Morgan Mortgage Trust 2025-VIS1                                              | CUSIP: 46659BAC6<br>LEI: 529900CBDGTUOOQONB64 | Long             | ABS-MBS          | CORP              | US        |    465764 | PA      | $470795.99    | 0.61%             | 2055-08-25      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                        | General Motors Financial Co Inc                                                 | CUSIP: 37045XDQ6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    265000 | PA      | $265295.56    | 0.34%             | 2027-02-26      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                    | Verus Securitization Trust 2024-3                                               | CUSIP: 92540MAC9<br>LEI: 2138005NRONUFED1TZ38 | Long             | ABS-MBS          | CORP              | US        |    339141 | PA      | $343043.81    | 0.44%             | 2069-04-25      | Variable      | 6.84%                 | No            |                  2 | On Loan: No      |
| SOLVENTUM CORP                                | Solventum Corp                                                                  | CUSIP: 83444MAN1<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |    128000 | PA      | $129837.65    | 0.17%             | 2027-02-25      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| AMEREN CORP                                   | Ameren Corp                                                                     | CUSIP: 023608AL6<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | DBT              | CORP              | US        |    275000 | PA      | $268653.78    | 0.35%             | 2027-03-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| WESTERN DIGITAL CORP                          | Western Digital Corp                                                            | CUSIP: 958102AM7<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |     49000 | PA      | $48984.65     | 0.06%             | 2026-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Tesla Auto Lease Trust                        | Tesla Auto Lease Trust 2023-B                                                   | CUSIP: 88167QAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    475000 | PA      | $475000.00    | 0.61%             | 2027-08-20      | Fixed         | 6.57%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                        | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BT1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1019735.76   | 1.31%             | 2027-10-20      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust                  | Upstart Securitization Trust                                                    | CUSIP: 91684NAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    252951 | PA      | $252827.66    | 0.32%             | 2034-11-20      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                            | Credit Agricole SA                                                              | CUSIP: 22535WAH0<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    540000 | PA      | $538873.30    | 0.69%             | 2027-01-26      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                         | Wells Fargo & Co                                                                | CUSIP: 95000U2V4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    420000 | PA      | $417222.11    | 0.54%             | 2028-03-24      | Fixed         | 3.53%                 | No            |                  2 | On Loan: No      |
| Home Owner Mortgage Enhanced S                | HOMES 2025-AFC2 Trust                                                           | CUSIP: 43761YAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    638652 | PA      | $643562.06    | 0.83%             | 2060-06-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/F                | Ford Credit Auto Owner Trust 2021-REV2                                          | CUSIP: 345285AD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    845000 | PA      | $829071.95    | 1.07%             | 2034-05-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                | Carvana Auto Receivables Trust 2021-N4                                          | CUSIP: 14687HAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     64141 | PA      | $62768.36     | 0.08%             | 2028-09-11      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Dext ABS                                      | Dext ABS 2025-2 LLC                                                             | CUSIP: 252153AC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    550000 | PA      | $550302.31    | 0.71%             | 2036-04-15      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| AVALONBAY COMMUNITIES                         | AVALONBAY COMMUNITIES INC                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999142.00    | 1.28%             | 2026-01-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RBC BlueBay U.S. Government Money Market Fund | RBC BlueBay U.S. Government Money Market Fund                                   | CUSIP: 74926P696<br>LEI: 549300RFDC5U7WLJKO50 | Long             | STIV             | RF                | US        |   3570920 | NS      | $3570919.81   | 4.59%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORP                                   | Oracle Corp                                                                     | CUSIP: 68389XBN4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    500000 | PA      | $489676.65    | 0.63%             | 2027-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                | Morgan Stanley                                                                  | CUSIP: 61747YEZ4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    765000 | PA      | $765404.06    | 0.98%             | 2027-01-28      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                      | Enterprise Products Operating LLC                                               | CUSIP: 29379VCC5<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    500000 | PA      | $500009.51    | 0.64%             | 2026-01-10      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| ALIMENTATION COUCHE-TARD                      | ALIMENTATION COUCHE-TARD INC                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1050000 | PA      | $1048632.90   | 1.35%             | 2026-01-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP                      | Citizens Financial Group Inc                                                    | CUSIP: 174610BF1<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    620000 | PA      | $646780.57    | 0.83%             | 2030-01-23      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| MMP Capital                                   | MMP Capital 2025-A LLC                                                          | CUSIP: 55317QAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    269406 | PA      | $271772.73    | 0.35%             | 2031-12-15      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                      | Volkswagen Group of America Finance LLC                                         | CUSIP: 928668CA8<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    500000 | PA      | $508056.56    | 0.65%             | 2026-11-16      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                    | Verus Securitization Trust 2023-4                                               | CUSIP: 92539TAA1<br>LEI: 2138008DC17PCNG48R87 | Long             | ABS-MBS          | CORP              | US        |    226765 | PA      | $226861.46    | 0.29%             | 2068-05-25      | Variable      | 5.81%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY INC                        | CenterPoint Energy Inc                                                          | CUSIP: 15189TBA4<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |    250000 | PA      | $247338.47    | 0.32%             | 2026-06-01      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                    | Verus Securitization Trust 2025-5                                               | CUSIP: 92540XAA9<br>LEI: 213800Z7TIVJRAYLRV98 | Long             | ABS-MBS          | CORP              | US        |    635028 | PA      | $640265.59    | 0.82%             | 2070-06-25      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| GREAT AMERICA LEASING RECEIVAB                | GreatAmerica Leasing Receivables Funding LLC Series 2024-1                      | CUSIP: 39154TCM8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    485000 | PA      | $495732.24    | 0.64%             | 2031-12-15      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| GM Financial Securitized Term                 | GM Financial Consumer Automobile Receivables Trust 2023-1                       | CUSIP: 38013JAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1008271.91   | 1.30%             | 2028-09-18      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| SYENSQO FINANCE AMERICA                       | Syensqo Finance America LLC                                                     | CUSIP: 834423AE5<br>LEI: 54930073OEL5K0Y7NK81 | Long             | DBT              | CORP              | US        |    535000 | PA      | $553614.54    | 0.71%             | 2029-06-04      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                          | Bank of America Corp                                                            | CUSIP: 06051GLE7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    750000 | PA      | $750279.07    | 0.96%             | 2027-01-20      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| Switch ABS Issuer, LLC                        | Switch ABS Issuer LLC                                                           | CUSIP: 871044AG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    360000 | PA      | $362537.96    | 0.47%             | 2054-06-25      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                       | Carmax Auto Owner Trust 2022-4                                                  | CUSIP: 14318UAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    380000 | PA      | $388875.20    | 0.50%             | 2028-07-17      | Fixed         | 6.49%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                         | Athene Global Funding                                                           | CUSIP: 04685A3D1<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    125000 | PA      | $122622.80    | 0.16%             | 2026-10-02      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                     | Amgen Inc                                                                       | CUSIP: 031162DP2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    375000 | PA      | $383707.59    | 0.49%             | 2028-03-02      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| AXIS Equipment Finance Receiva                | Amur Equipment Finance Receivables XII LLC                                      | CUSIP: 03236YAE5<br>LEI: 5493000K1GV1VHEHGY40 | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $778284.76    | 1.00%             | 2030-07-22      | Fixed         | 7.48%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                          | Verizon Master Trust Series 2025-9                                              | CUSIP: 92348KEY5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    815000 | PA      | $816114.41    | 1.05%             | 2030-10-21      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                       | Carmax Auto Owner Trust 2022-4                                                  | CUSIP: 14318UAH4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    365000 | PA      | $379020.87    | 0.49%             | 2029-04-16      | Fixed         | 8.08%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization T                | Tricolor Auto Securitization Trust 2024-3                                       | CUSIP: 89617AAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $156656.85    | 0.20%             | 2029-04-16      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl                | Santander Drive Auto Receivables Trust 2023-4                                   | CUSIP: 802927AF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    475000 | PA      | $487374.47    | 0.63%             | 2031-12-15      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                         | Athene Global Funding                                                           | CUSIP: 04685A2Z3<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    250000 | PA      | $246806.61    | 0.32%             | 2026-06-29      | Fixed         | 1.61%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                            | Energy Transfer LP                                                              | CUSIP: 29273VAZ3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    540000 | PA      | $555845.35    | 0.71%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables                 | Exeter Automobile Receivables Trust 2023-1                                      | CUSIP: 30168BAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $760997.23    | 0.98%             | 2029-06-15      | Fixed         | 6.69%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                      | OBX 2023-NQM4 Trust                                                             | CUSIP: 67448GAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    425000 | PA      | $425670.89    | 0.55%             | 2063-03-25      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| SYSTEM ENERGY RESOURCES                       | System Energy Resources Inc                                                     | CUSIP: 871911AU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $311282.31    | 0.40%             | 2028-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                         | Foundry JV Holdco LLC                                                           | CUSIP: 350930AB9<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    500000 | PA      | $523243.45    | 0.67%             | 2030-01-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| TSMC ARIZONA CORP                             | TSMC Arizona Corp                                                               | CUSIP: 872898AA9<br>LEI: 2549005GOBWLCSY63Q97 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196441.74    | 0.25%             | 2026-10-25      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| HPEFS Equipment Trust                         | HPEFS Equipment Trust 2024-2                                                    | CUSIP: 40444MAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    475000 | PA      | $484266.92    | 0.62%             | 2032-04-20      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                  | Broadcom Inc                                                                    | CUSIP: 11135FAN1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    750000 | PA      | $747666.39    | 0.96%             | 2026-09-15      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| FELLS POINT FUNDING TR                        | Fells Point Funding Trust                                                       | CUSIP: 314382AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $247046.53    | 0.32%             | 2027-01-31      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                           | Freddie Mac STACR REMIC Trust 2022-DNA3                                         | CUSIP: 35564KUW7<br>LEI: 5493000IS4M3TZMRB410 | Long             | ABS-MBS          | CORP              | US        |     70662 | PA      | $71172.49     | 0.09%             | 2042-04-25      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                          | Verizon Master Trust                                                            | CUSIP: 92348KBK8<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |    215000 | PA      | $215062.71    | 0.28%             | 2029-01-22      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| MET TOWER GLOBAL FUNDING                      | Met Tower Global Funding                                                        | CUSIP: 58989V2J2<br>LEI: 635400OFJCY9IOGBGY57 | Long             | DBT              | CORP              | US        |    760000 | PA      | $761487.31    | 0.98%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Centersquare Issuer LLC                       | Centersquare Issuer LLC                                                         | CUSIP: 15201EAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    620000 | PA      | $600367.11    | 0.77%             | 2054-10-26      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                         | Truist Financial Corp                                                           | CUSIP: 89788MAQ5<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    500000 | PA      | $539242.72    | 0.69%             | 2029-10-30      | Fixed         | 7.16%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                            | Credit Agricole SA                                                              | CUSIP: 22535WAK3<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    500000 | PA      | $514922.98    | 0.66%             | 2030-01-10      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL CAP LLC                        | CNH Industrial Capital LLC                                                      | CUSIP: 12592BAM6<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |    300000 | PA      | $295703.03    | 0.38%             | 2026-07-15      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY                      | CANADIAN PACIFIC RAILWAY CO                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $998614.90    | 1.28%             | 2026-01-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac REMICS                                                              | CUSIP: 31392KYV2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       663 | PA      | $670.39       | 0.00%             | 2032-03-15      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| NextGear Floorplan Master Owne                | NextGear Floorplan Master Owner Trust                                           | CUSIP: 65341KCG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1002918.20   | 1.29%             | 2030-02-15      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| MAC-CP 4.8 4/5/99                             | MCDONALDS CORP DISC COM 0.0 16JAN26                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1098122.85   | 1.41%             | 2026-01-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QS5W7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    208883 | PA      | $218322.82    | 0.28%             | 2053-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GEORGIA-PACIFIC LLC                           | Georgia-Pacific LLC                                                             | CUSIP: 37331NAR2<br>LEI: L2EVHWFHVAQK72TMH265 | Long             | DBT              | CORP              | US        |    165000 | PA      | $166749.10    | 0.21%             | 2028-06-30      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                 | Citigroup Inc                                                                   | CUSIP: 172967MZ1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    350000 | PA      | $350427.41    | 0.45%             | 2027-06-09      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT                              | Bellemeade Re 2025-1 Ltd                                                        | CUSIP: 07876NAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    755194 | PA      | $755648.70    | 0.97%             | 2035-10-25      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| EQUITABLE AMERICA GLOBAL                      | Equitable America Global Funding                                                | CUSIP: 29446Q2A0<br>LEI: 98450066CCBIACF06694 | Long             | DBT              | CORP              | US        |    565000 | PA      | $570662.01    | 0.73%             | 2028-06-09      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                        | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KCL2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    700000 | PA      | $708249.64    | 0.91%             | 2027-09-01      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables                 | Exeter Automobile Receivables Trust 2023-5                                      | CUSIP: 30168DAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    475000 | PA      | $481414.99    | 0.62%             | 2029-01-16      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Ally Auto Receivables Trust                   | ALLY AUTO RECEIVABLES TRUST 2023-A                                              | CUSIP: 02008NAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    685000 | PA      | $691012.87    | 0.89%             | 2034-01-17      | Fixed         | 6.08%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                              | Deutsche Bank AG/New York NY                                                    | CUSIP: 251526CV9<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    570000 | PA      | $579120.51    | 0.74%             | 2028-02-08      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                         | Wells Fargo & Co                                                                | CUSIP: 95000U3R2<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    385000 | PA      | $388328.13    | 0.50%             | 2028-01-24      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                | Hyundai Auto Receivables Trust 2024-B                                           | CUSIP: 44934QAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    580000 | PA      | $592227.59    | 0.76%             | 2031-10-15      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                      | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MBL8<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    255000 | PA      | $257569.55    | 0.33%             | 2029-09-10      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD                      | Aptiv Swiss Holdings Ltd                                                        | CUSIP: 03837AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |    515000 | PA      | $524637.18    | 0.67%             | 2029-09-13      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                          | Verizon Master Trust                                                            | CUSIP: 92348KDH3<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |    380000 | PA      | $382083.78    | 0.49%             | 2030-08-20      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                        | Daimler Truck Finance North America LLC                                         | CUSIP: 233853AP5<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    500000 | PA      | $500197.55    | 0.64%             | 2026-01-16      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| AVANGRID INC                                  | AVANGRID INC                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998628.00    | 1.28%             | 2026-01-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                           | Freddie Mac STACR REMIC Trust 2024-DNA3                                         | CUSIP: 35564NFA6<br>LEI: 529900P3PHNE8PW64Z68 | Long             | ABS-MBS          | CORP              | US        |    185000 | PA      | $184883.12    | 0.24%             | 2044-10-25      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION GLO FNDG                        | Constellation Global Funding                                                    | CUSIP: 21038N2A8<br>LEI: 254900OP9HLIALC2HZ12 | Long             | DBT              | CORP              | US        |    560000 | PA      | $556068.95    | 0.71%             | 2030-10-22      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| DT Auto Owner Trust                           | DT Auto Owner Trust 2023-2                                                      | CUSIP: 23346CAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    995000 | PA      | $1016830.11   | 1.31%             | 2029-02-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                       | Carmax Auto Owner Trust 2024-3                                                  | CUSIP: 14319GAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    525000 | PA      | $534545.70    | 0.69%             | 2030-03-15      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                          | Cross 2023-H2 Mortgage Trust                                                    | CUSIP: 22757NAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    281618 | PA      | $284957.28    | 0.37%             | 2068-11-25      | Variable      | 7.13%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                       | Hyundai Capital America                                                         | CUSIP: 44891ACX3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    400000 | PA      | $405622.49    | 0.52%             | 2027-03-19      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CARGILL INC                                   | CARGILL INC                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999383.00    | 1.28%             | 2026-01-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Shackleton CLO LTD                            | Shackleton 2015-VII-R CLO Ltd                                                   | CUSIP: 81883AAY5<br>LEI: 549300NCJRO2LKFZ8G86 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $498900.00    | 0.64%             | 2031-07-15      | Floating      | 6.90%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                      | OBX 2023-NQM6 Trust                                                             | CUSIP: 67117VAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    227461 | PA      | $228549.00    | 0.29%             | 2063-07-25      | Variable      | 6.97%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                           | Charles Schwab Corp/The                                                         | CUSIP: 808513BZ7<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    390000 | PA      | $392550.93    | 0.50%             | 2027-03-03      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                      | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    540000 | PA      | $563415.98    | 0.72%             | 2029-06-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                  | Dell Equipment Finance Trust 2024-1                                             | CUSIP: 24702GAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $761363.01    | 0.98%             | 2030-09-23      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                           | JPMorgan Chase & Co                                                             | CUSIP: 46647PEA0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    175000 | PA      | $176797.34    | 0.23%             | 2028-01-23      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables                 | Exeter Automobile Receivables Trust 2023-5                                      | CUSIP: 30168DAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $825236.40    | 1.06%             | 2030-02-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| HPEFS Equipment Trust                         | HPEFS Equipment Trust 2024-1                                                    | CUSIP: 403963AF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $505943.14    | 0.65%             | 2031-11-20      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                           | Freddie Mac STACR REMIC Trust 2023-DNA1                                         | CUSIP: 35564KP37<br>LEI: 5493000IRILHAKSCHN59 | Long             | ABS-MBS          | CORP              | US        |     62917 | PA      | $63580.41     | 0.08%             | 2043-03-25      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| Exeter Select Automobile Recei                | Exeter Select Automobile Receivables Trust 2025-2                               | CUSIP: 30185EAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1008056.09   | 1.30%             | 2030-08-15      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| GLAXOSMITHKLINE CAP INC                       | GLAXOSMITHKLINE LLC                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999795.30    | 1.29%             | 2026-01-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DNB BANK ASA                                  | DNB Bank ASA                                                                    | CUSIP: 23329PAG5<br>LEI: 549300GKFG0RYRRQ1414 | Long             | DBT              | CORP              | NO        |    200000 | PA      | $197940.21    | 0.25%             | 2027-05-25      | Fixed         | 1.53%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitizat                | Hyundai Auto Lease Securitization Trust 2024-B                                  | CUSIP: 44934FAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $707782.25    | 0.91%             | 2028-08-15      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| MACQUARIE AIRFINANCE HLD                      | Macquarie Airfinance Holdings Ltd                                               | CUSIP: 55609NAC2<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $209472.41    | 0.27%             | 2029-03-26      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| PNC BANK NA                                   | PNC Bank NA                                                                     | CUSIP: 69353RFY9<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |    460000 | PA      | $460643.23    | 0.59%             | 2027-05-13      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                      | OBX 2025-NQM11 Trust                                                            | CUSIP: 67449BAA1<br>LEI: 254900KNWDG7C03UTA13 | Long             | ABS-MBS          | CORP              | US        |    353378 | PA      | $356371.79    | 0.46%             | 2065-05-25      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                           | JPMorgan Chase & Co                                                             | CUSIP: 46647PDW3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1015603.85   | 1.31%             | 2027-10-22      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables                 | Exeter Automobile Receivables Trust 2024-4                                      | CUSIP: 30166UAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    525000 | PA      | $531844.33    | 0.68%             | 2030-08-15      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                             | Kinder Morgan Inc                                                               | CUSIP: 49456BAU5<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    125000 | PA      | $122731.46    | 0.16%             | 2026-11-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl                | Santander Drive Auto Receivables Trust 2022-2                                   | CUSIP: 80286MAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    556498 | PA      | $555809.60    | 0.71%             | 2029-07-16      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust                        | Marlette Funding Trust 2024-1                                                   | CUSIP: 57108VAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    396226 | PA      | $398065.05    | 0.51%             | 2034-07-17      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATIONA 0126                         | FIDELITY NATIONA 0126                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998260.00    | 1.28%             | 2026-01-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SBNA Auto Receivables Trust                   | SBNA Auto Receivables Trust 2025-SF1                                            | CUSIP: 78437XAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     98681 | PA      | $98745.68     | 0.13%             | 2031-03-17      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                      | Lloyds Banking Group PLC                                                        | CUSIP: 539439BD0<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    600000 | PA      | $609863.79    | 0.78%             | 2029-06-13      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| AXIS Equipment Finance Receiva                | Amur Equipment Finance Receivables XI LLC                                       | CUSIP: 03236XAD9<br>LEI: 549300IFG1NMINYRYF89 | Long             | ABS-O            | CORP              | US        |    675000 | PA      | $679862.73    | 0.87%             | 2029-01-22      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                | Carvana Auto Receivables Trust 2021-N3                                          | CUSIP: 14687GAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     62787 | PA      | $61266.65     | 0.08%             | 2028-06-12      | Fixed         | 1.58%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                              | Bank of Montreal                                                                | CUSIP: 06368MJG0<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    175000 | PA      | $178285.13    | 0.23%             | 2029-01-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                    | LAD Auto Receivables Trust 2023-3                                               | CUSIP: 50168BAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    575000 | PA      | $584551.02    | 0.75%             | 2028-12-15      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables                 | Exeter Automobile Receivables Trust 2023-2                                      | CUSIP: 30168CAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    550000 | PA      | $559575.51    | 0.72%             | 2029-08-15      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| GA GLOBAL FUNDING TRUST                       | GA Global Funding Trust                                                         | CUSIP: 36143L2G9<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |    300000 | PA      | $294266.85    | 0.38%             | 2027-01-06      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl                | Santander Drive Auto Receivables Trust 2023-4                                   | CUSIP: 802927AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    625000 | PA      | $630953.38    | 0.81%             | 2028-12-15      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                              | Connecticut Avenue Securities Trust 2024-R02                                    | CUSIP: 20754GAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $301579.80    | 0.39%             | 2044-02-25      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| SOUTHERN POWER CO                             | Southern Power Co                                                               | CUSIP: 843646AX8<br>LEI: 5LADC78JBG2BMZD5XF57 | Long             | DBT              | CORP              | US        |    260000 | PA      | $259584.57    | 0.33%             | 2030-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae REMICS                                                               | CUSIP: 31392BBU9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       890 | PA      | $899.43       | 0.00%             | 2031-10-25      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| Crown Point CLO Ltd                           | Crown Point CLO IV Ltd                                                          | CUSIP: 22845XAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $498850.00    | 0.64%             | 2031-04-20      | Floating      | 6.90%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                  | Broadcom Inc                                                                    | CUSIP: 11135FCE9<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    500000 | PA      | $508910.38    | 0.65%             | 2028-04-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                                | ACHV ABS Trust 2024-3AL                                                         | CUSIP: 00092KAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    162196 | PA      | $162851.64    | 0.21%             | 2031-12-26      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINE HOLDCO                      | Columbia Pipelines Holding Co LLC                                               | CUSIP: 19828AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $454189.93    | 0.58%             | 2026-08-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                              | Connecticut Avenue Securities Trust 2024-R05                                    | CUSIP: 20754XAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    316000 | PA      | $317282.53    | 0.41%             | 2044-07-25      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                  | Dell Equipment Finance Trust 2023-2                                             | CUSIP: 24703GAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $502285.40    | 0.65%             | 2029-07-23      | Fixed         | 6.74%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                      | Volkswagen Group of America Finance LLC                                         | CUSIP: 928668CK6<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    605000 | PA      | $607023.61    | 0.78%             | 2026-08-14      | Fixed         | 4.90%                 | 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.