# EDGAR Filing Document

**Accession Number:** 0001272950
**File Stem:** 0000940400-26-007479
**Filing Date:** 2026-2
**Character Count:** 201982
**Document Hash:** c200be40c3ae227697b8f7593a6cd1c2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-007479.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0000940400-26-007479

**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**: 20260930

**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:** 26675506

**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 Impact Bond Fund (Series ID: S000059868)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000195863 | Class I      | RIBIX           |
| C000195864 | Class R6     | RIBRX           |
| C000217811 | Class A      | RIBAX           |
| C000227055 | Class Y      | RIBYX           |

## Nport-Ex

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay Impact Bond Fund

------

December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Value** |
| **U.S. Government Agency Backed Mortgages — 42.6%** | **U.S. Government Agency Backed Mortgages — 42.6%** |  |
| **Fannie Mae — 30.0%** | **Fannie Mae — 30.0%** |  |
| $3000000 | (TBA), 2.00%, 9/25/51 | $2426139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000 | Pool #AN0360, 3.95%, 12/1/45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42736 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85383 | Pool #AN7868, 3.06%, 12/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8994 | Pool #BJ0657, 4.00%, 2/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19144 | Pool #BJ2670, 4.00%, 4/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18437 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41588 | Pool #BJ3178, 4.00%, 11/1/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34808 | Pool #BJ5158, 4.00%, 4/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39904 | Pool #BJ9439, 4.00%, 2/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39340 | Pool #BJ9477, 4.00%, 4/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38027 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44817 | Pool #BK7924, 4.00%, 11/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43322 |
| &nbsp;&nbsp;3004304 | Pool #BL4589, 2.45%, 10/1/29 | &nbsp;&nbsp;&nbsp;2851717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20334 | Pool #BO1263, 3.50%, 6/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19088 |
| &nbsp;&nbsp;&nbsp;&nbsp;385827 | Pool #BP3417, 2.50%, 5/1/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;329116 |
| &nbsp;&nbsp;&nbsp;&nbsp;107505 | Pool #BP8741, 2.50%, 6/1/50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92070 |
| &nbsp;&nbsp;&nbsp;&nbsp;188307 | Pool #BQ7523, 2.00%, 11/1/50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153920 |
| &nbsp;&nbsp;&nbsp;&nbsp;272209 | Pool #BQ7524, 2.50%, 10/1/50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;234503 |
| &nbsp;&nbsp;1305789 | Pool #BR2051, 2.50%, 6/1/51 | &nbsp;&nbsp;&nbsp;1113857 |
| &nbsp;&nbsp;&nbsp;&nbsp;300000 | Pool #BS0915, 1.62%, 3/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;261498 |
| &nbsp;&nbsp;3500000 | Pool #BS1730, 1.53%, 4/1/28 | &nbsp;&nbsp;&nbsp;3322682 |
| &nbsp;&nbsp;6666930 | Pool #BT1616, 2.00%, 4/1/51 | &nbsp;&nbsp;&nbsp;5451186 |
| &nbsp;&nbsp;1396731 | Pool #BT8237, 4.00%, 6/1/52 | &nbsp;&nbsp;&nbsp;1332262 |
| &nbsp;&nbsp;3500000 | Pool #BZ0523, 4.50%, 2/1/29 | &nbsp;&nbsp;&nbsp;3553933 |
| &nbsp;&nbsp;3003357 | Pool #BZ0636, 5.22%, 6/1/31 | &nbsp;&nbsp;&nbsp;3134639 |
| &nbsp;&nbsp;2225000 | Pool #BZ1147, 4.78%, 6/1/29 | &nbsp;&nbsp;&nbsp;2277694 |
| &nbsp;&nbsp;2470000 | Pool #BZ2120, 4.36%, 10/1/29 | &nbsp;&nbsp;&nbsp;2497317 |
| &nbsp;&nbsp;1875000 | Pool #BZ2581, 4.81%, 12/1/29 | &nbsp;&nbsp;&nbsp;1920847 |
| &nbsp;&nbsp;1610000 | Pool #BZ2936, 4.58%, 1/1/30 | &nbsp;&nbsp;&nbsp;1638257 |
| &nbsp;&nbsp;2800000 | Pool #BZ3608, 4.66%, 4/1/30 | &nbsp;&nbsp;&nbsp;2855978 |
| &nbsp;&nbsp;1322000 | Pool #BZ3654, 5.29%, 5/1/30 | &nbsp;&nbsp;&nbsp;1369633 |
| &nbsp;&nbsp;2000000 | Pool #BZ3698, 4.66%, 2/1/30 | &nbsp;&nbsp;&nbsp;2031028 |
| &nbsp;&nbsp;1534000 | Pool #BZ3699, 4.66%, 2/1/30 | &nbsp;&nbsp;&nbsp;1557799 |
| &nbsp;&nbsp;2325000 | Pool #BZ6023, 4.12%, 12/1/30 | &nbsp;&nbsp;&nbsp;2320270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29637 | Pool #CA1066, 4.00%, 1/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13860 | Pool #CA1068, 3.50%, 1/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16062 | Pool #CA2595, 4.50%, 11/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59892 | Pool #CA2912, 4.00%, 12/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42228 | Pool #CA3132, 4.00%, 2/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42096 | Pool #CA3174, 4.00%, 2/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40692 |
| &nbsp;&nbsp;&nbsp;&nbsp;250691 | Pool #CA3451, 3.50%, 5/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;234202 |
| &nbsp;&nbsp;&nbsp;&nbsp;181438 | Pool #CA3456, 3.50%, 5/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169903 |
| &nbsp;&nbsp;&nbsp;&nbsp;301926 | Pool #CA9048, 2.00%, 2/1/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246475 |
| &nbsp;&nbsp;&nbsp;&nbsp;907577 | Pool #CB0480, 2.50%, 5/1/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;774176 |
| &nbsp;&nbsp;&nbsp;&nbsp;347138 | Pool #CB0576, 2.50%, 5/1/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;298056 |
| &nbsp;&nbsp;1340605 | Pool #CB2761, 3.00%, 2/1/52 | &nbsp;&nbsp;&nbsp;1192891 |
| &nbsp;&nbsp;2074843 | Pool #CB3227, 3.50%, 3/1/52 | &nbsp;&nbsp;&nbsp;1923003 |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay Impact Bond Fund (cont.)

------

December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Value** |
| $2415047 | Pool #CB3764, 4.00%, 6/1/52 | &nbsp;&nbsp;$2303576 |
| &nbsp;&nbsp;1764363 | Pool #CB3797, 4.00%, 6/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;1682926 |
| &nbsp;&nbsp;1935441 | Pool #CB4272, 4.50%, 7/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;1899262 |
| &nbsp;&nbsp;1728288 | Pool #CB4314, 4.50%, 8/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;1695982 |
| &nbsp;&nbsp;1702383 | Pool #CB4463, 4.50%, 8/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;1670297 |
| &nbsp;&nbsp;1682690 | Pool #CB4767, 5.00%, 9/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;1695701 |
| &nbsp;&nbsp;2122130 | Pool #CB4967, 5.50%, 10/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;2175074 |
| &nbsp;&nbsp;1215526 | Pool #CB5166, 6.00%, 11/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;1255631 |
| &nbsp;&nbsp;&nbsp;&nbsp;410685 | Pool #CB5202, 6.50%, 11/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;428873 |
| &nbsp;&nbsp;&nbsp;&nbsp;867717 | Pool #CB5220, 6.50%, 12/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;905687 |
| &nbsp;&nbsp;1204338 | Pool #CB6607, 5.50%, 7/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;1228309 |
| &nbsp;&nbsp;1844542 | Pool #CB6783, 5.00%, 7/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;1854319 |
| &nbsp;&nbsp;1968383 | Pool #CB6784, 5.50%, 7/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;2018898 |
| &nbsp;&nbsp;1941464 | Pool #CB6826, 5.50%, 7/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;1987875 |
| &nbsp;&nbsp;1821647 | Pool #CB7160, 6.50%, 9/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;1903968 |
| &nbsp;&nbsp;2044907 | Pool #CB9076, 5.50%, 8/1/54 | &nbsp;&nbsp;&nbsp;&nbsp;2088244 |
| &nbsp;&nbsp;4752556 | Pool #CC0947, 6.50%, 8/1/55 | &nbsp;&nbsp;&nbsp;&nbsp;4979387 |
|  |  | &nbsp;&nbsp;&nbsp;79902873 |
| **Freddie Mac — 10.2%** | **Freddie Mac — 10.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36743 | Pool #Q59453, 4.00%, 11/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35429 |
| &nbsp;&nbsp;&nbsp;&nbsp;164514 | Pool #QB5731, 2.00%, 11/1/50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134472 |
| &nbsp;&nbsp;&nbsp;&nbsp;183369 | Pool #QB5732, 2.50%, 11/1/50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156815 |
| &nbsp;&nbsp;&nbsp;&nbsp;677799 | Pool #QC3844, 2.00%, 6/1/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;552677 |
| &nbsp;&nbsp;&nbsp;&nbsp;239256 | Pool #QC3845, 2.50%, 6/1/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;204014 |
| &nbsp;&nbsp;&nbsp;&nbsp;910661 | Pool #QC7895, 2.00%, 9/1/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;741916 |
| &nbsp;&nbsp;&nbsp;&nbsp;652946 | Pool #QE4428, 4.00%, 6/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;622809 |
| &nbsp;&nbsp;1774204 | Pool #QE6510, 4.50%, 7/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;1741314 |
| &nbsp;&nbsp;1809235 | Pool #QG5944, 5.00%, 6/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;1825105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48446 | Pool #RA1713, 3.00%, 11/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75720 | Pool #RA1714, 3.00%, 11/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67941 |
| &nbsp;&nbsp;&nbsp;&nbsp;125040 | Pool #RA2256, 3.00%, 3/1/50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112041 |
| &nbsp;&nbsp;&nbsp;&nbsp;165442 | Pool #RA2340, 3.00%, 3/1/50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148191 |
| &nbsp;&nbsp;&nbsp;&nbsp;145568 | Pool #RA2395, 2.50%, 4/1/50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124804 |
| &nbsp;&nbsp;&nbsp;&nbsp;373107 | Pool #RA2575, 2.50%, 5/1/50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;319771 |
| &nbsp;&nbsp;&nbsp;&nbsp;130490 | Pool #RA2727, 2.00%, 5/1/50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106889 |
| &nbsp;&nbsp;&nbsp;&nbsp;129913 | Pool #RA2728, 2.50%, 5/1/50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111302 |
| &nbsp;&nbsp;&nbsp;&nbsp;327189 | Pool #RA2740, 2.50%, 6/1/50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;282374 |
| &nbsp;&nbsp;&nbsp;&nbsp;236727 | Pool #RA3680, 2.50%, 9/1/50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;202593 |
| &nbsp;&nbsp;&nbsp;&nbsp;286215 | Pool #RA4503, 2.00%, 2/1/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;233649 |
| &nbsp;&nbsp;&nbsp;&nbsp;282974 | Pool #RA4927, 2.00%, 3/1/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;231132 |
| &nbsp;&nbsp;&nbsp;&nbsp;405337 | Pool #RA5020, 2.00%, 4/1/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;330936 |
| &nbsp;&nbsp;1078226 | Pool #RA5195, 2.50%, 5/1/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;912416 |
| &nbsp;&nbsp;&nbsp;&nbsp;755693 | Pool #RA5197, 2.50%, 5/1/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;644852 |
| &nbsp;&nbsp;&nbsp;&nbsp;436572 | Pool #RA5237, 2.50%, 5/1/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;372538 |
| &nbsp;&nbsp;1317373 | Pool #RA5571, 2.50%, 7/1/51 | &nbsp;&nbsp;&nbsp;&nbsp;1122921 |
| &nbsp;&nbsp;&nbsp;&nbsp;192030 | Pool #RA5621, 2.50%, 8/1/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163685 |
| &nbsp;&nbsp;&nbsp;&nbsp;665253 | Pool #RA5701, 2.00%, 8/1/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;541982 |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay Impact Bond Fund (cont.)

------

December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Value** |
| &nbsp;&nbsp;&nbsp;$163347 | Pool #RA5874, 2.50%, 9/1/51 | &nbsp;&nbsp;&nbsp;&nbsp;$139135 |
| &nbsp;&nbsp;2205430 | Pool #RA6108, 3.50%, 3/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;2044204 |
| &nbsp;&nbsp;1726418 | Pool #RA6760, 3.00%, 2/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;1536193 |
| &nbsp;&nbsp;1815194 | Pool #RA7454, 4.00%, 6/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;1731129 |
| &nbsp;&nbsp;1609443 | Pool #RA7714, 4.50%, 7/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;1579607 |
| &nbsp;&nbsp;1883024 | Pool #RJ5020, 6.00%, 10/1/55 | &nbsp;&nbsp;&nbsp;&nbsp;1948972 |
| &nbsp;&nbsp;2451178 | Pool #RJ5045, 6.00%, 10/1/55 | &nbsp;&nbsp;&nbsp;&nbsp;2540662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42975 | Pool #V84506, 4.00%, 7/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39169 | Pool #V84836, 4.00%, 11/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58026 | Pool #V85365, 3.50%, 4/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54542 |
| &nbsp;&nbsp;&nbsp;&nbsp;168586 | Pool #V85381, 3.50%, 4/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158177 |
| &nbsp;&nbsp;1961543 | Pool #WA4461, 4.72%, 1/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;2004332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28536 | Series 2018-SB45, Class A10F, 3.16%, 11/25/27(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40825 | Series 2018-SB48, Class A10F, 3.36%, 2/25/28(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40424 |
| &nbsp;&nbsp;&nbsp;&nbsp;118329 | Series 2019-SB59, Class A10F, 3.47%, 1/25/29(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116779 |
| &nbsp;&nbsp;&nbsp;&nbsp;861722 | Series 2021-SB87, Class A5H, 0.78%, 4/25/41(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;854625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35534 | Series KF57, Class A, (SOFR30A + 0.654%), 4.66%, 12/25/28(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35536 |
| &nbsp;&nbsp;&nbsp;&nbsp;287886 | Series Q014, Class A1, 1.56%, 1/25/36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241692 |
|  |  | &nbsp;&nbsp;&nbsp;27221478 |
| **Ginnie Mae — 0.1%** | **Ginnie Mae — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30080 | Pool #AC3667, 1.66%, 8/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20406 | Pool #BB3740, 4.00%, 11/15/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53725 | Pool #BE3008, 4.00%, 4/20/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27636 | Series 2018-2, Class AD, 2.40%, 3/16/59 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17089 | Series 2018-26, Class AD, 2.50%, 3/16/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16206 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141221 |
| **Small Business Administration — 2.1%** | **Small Business Administration — 2.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;254342 | Pool #130612, 10.63%, 5/25/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;291842 |
| &nbsp;&nbsp;&nbsp;&nbsp;624877 | Pool #130613, 10.88%, 10/25/34(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;732454 |
| &nbsp;&nbsp;&nbsp;&nbsp;154764 | Pool #130614, 10.61%, 3/25/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175823 |
| &nbsp;&nbsp;&nbsp;&nbsp;134363 | Pool #530566, (Prime Index + 1.625%), 8.88%, 5/25/34(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145399 |
| &nbsp;&nbsp;&nbsp;&nbsp;465294 | Pool #530677, (Prime Index + 3.605%), 10.86%, 10/25/34(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;530957 |
| &nbsp;&nbsp;&nbsp;&nbsp;242448 | Pool #530704, (Prime Index + 0.855%), 8.11%, 12/25/34(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;261302 |
| &nbsp;&nbsp;&nbsp;&nbsp;412296 | Pool #530708, (Prime Index + 1.605%), 8.86%, 12/25/34(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;452149 |
| &nbsp;&nbsp;&nbsp;&nbsp;440928 | Pool #530710, (Prime Index + 1.855%), 9.11%, 12/25/34(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;486169 |
| &nbsp;&nbsp;&nbsp;&nbsp;243674 | Pool #530756, (Prime Index + 3.355%), 10.61%, 3/25/35(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;280468 |
| &nbsp;&nbsp;&nbsp;&nbsp;783819 | Pool #530757, (Prime Index + 1.855%), 9.11%, 2/25/35(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;865319 |
| &nbsp;&nbsp;&nbsp;&nbsp;671983 | Pool #530759, (Prime Index + 1.605%), 8.86%, 2/25/35(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;737782 |
| &nbsp;&nbsp;&nbsp;&nbsp;456543 | Pool #530790, (Prime Index + 1.605%), 8.86%, 4/25/35(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;501749 |
| &nbsp;&nbsp;&nbsp;&nbsp;179565 | Pool #530791, (Prime Index + 1.855%), 9.11%, 4/25/35(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199334 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;5660747 |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay Impact Bond Fund (cont.)

------

December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Value** |
| **U.S. International Development Finance Corp. — 0.2%** | **U.S. International Development Finance Corp. — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;$500000 | Series AA-1, 0.00%, 1/17/26(d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$575109 |
| **Total U.S. Government Agency Backed Mortgages** | **Total U.S. Government Agency Backed Mortgages** | &nbsp;&nbsp;&nbsp;**113501428** |
| (Cost $117,054,142) | (Cost $117,054,142) |  |
| **Corporate Bonds — 31.5%** | **Corporate Bonds — 31.5%** |  |
| **Communications — 2.1%** | **Communications — 2.1%** |  |
| &nbsp;&nbsp;3085000 | AT&T, Inc., 5.55%, 11/1/45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2971588 |
| &nbsp;&nbsp;2700000 | Verizon Communications, Inc., 4.75%, 1/15/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2697969 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5669557 |
| **Consumer, Non-cyclical — 19.7%** | **Consumer, Non-cyclical — 19.7%** |  |
| &nbsp;&nbsp;1694000 | 180 Medical, Inc., 5.30%, 10/8/35(e) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1688657 |
| &nbsp;&nbsp;2200000 | AbbVie, Inc., 4.80%, 3/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2254630 |
| &nbsp;&nbsp;3500000 | Amgen, Inc., 5.25%, 3/2/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3625496 |
| &nbsp;&nbsp;&nbsp;&nbsp;490000 | Astrazeneca Finance LLC, 2.25%, 5/28/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;445597 |
| &nbsp;&nbsp;2650000 | Astrazeneca Finance LLC, 5.00%, 2/26/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2741817 |
| &nbsp;&nbsp;2780000 | Becton Dickinson & Co., 5.08%, 6/7/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2854596 |
| &nbsp;&nbsp;&nbsp;&nbsp;995000 | DH Europe Finance II Sarl, 2.60%, 11/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;943008 |
| &nbsp;&nbsp;&nbsp;&nbsp;100000 | Doris Duke Charitable Foundation (The), Series 2020, 2.35%, 7/1/50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56250 |
| &nbsp;&nbsp;3100000 | Elevance Health, Inc., 5.15%, 6/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3195297 |
| &nbsp;&nbsp;1700000 | Eli Lilly & Co., 4.75%, 2/12/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1747648 |
| &nbsp;&nbsp;1370000 | GE HealthCare Technologies, Inc., 4.95%, 12/15/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1368854 |
| &nbsp;&nbsp;2114000 | Haleon US Capital LLC, 3.63%, 3/24/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2011839 |
| &nbsp;&nbsp;2300000 | HCA, Inc., 5.00%, 3/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2343039 |
| &nbsp;&nbsp;1861000 | HCA, Inc., 5.45%, 9/15/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1915594 |
| &nbsp;&nbsp;2030000 | HCA, Inc., 5.70%, 11/15/55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1938219 |
| &nbsp;&nbsp;2250000 | IQVIA, Inc., 6.25%, 2/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2372270 |
| &nbsp;&nbsp;&nbsp;&nbsp;400000 | John D and Catherine T MacArthur Foundation, 1.30%, 12/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;350469 |
| &nbsp;&nbsp;2500000 | Kenvue, Inc., 5.00%, 3/22/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2578203 |
| &nbsp;&nbsp;1200000 | Mary Free Bed Rehabilitation Hospital, Series 2021, 3.79%, 4/1/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;892673 |
| &nbsp;&nbsp;&nbsp;&nbsp;250000 | Medtronic, Inc., 4.38%, 3/15/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;245554 |
| &nbsp;&nbsp;2600000 | Merck & Co., Inc., 4.75%, 12/4/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2594578 |
| &nbsp;&nbsp;2500000 | Reckitt Benckiser Treasury Services Plc, 3.00%, 6/26/27(e) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2465178 |
| &nbsp;&nbsp;1825000 | Roche Holdings, Inc., 4.67%, 12/2/35(e) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1816881 |
| &nbsp;&nbsp;1940000 | Royalty Pharma Plc, 5.15%, 9/2/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1992983 |
| &nbsp;&nbsp;2605000 | Sanofi SA, 4.20%, 11/3/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2600722 |
| &nbsp;&nbsp;&nbsp;&nbsp;511000 | Solventum Corp., 5.45%, 2/25/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;518336 |
| &nbsp;&nbsp;2285000 | Thermo Fisher Scientific, Inc., 4.89%, 10/7/37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2272011 |
| &nbsp;&nbsp;2500000 | UnitedHealth Group, Inc., 4.90%, 4/15/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2566080 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;52396479 |
| **Financial — 4.0%** | **Financial — 4.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;350000 | Andrew W Mellon Foundation (The), Series 2020, 0.95%, 8/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;335138 |
| &nbsp;&nbsp;&nbsp;&nbsp;250000 | BlueHub Loan Fund, Inc., Series 2020, 2.89%, 1/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247464 |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay Impact Bond Fund (cont.)

------

December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Value** |
| &nbsp;&nbsp;&nbsp;$250000 | Community Preservation Corp. (The), Series 2020, 2.87%, 2/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;$233080 |
| &nbsp;&nbsp;1400000 | HA Sustainable Infrastructure Capital, Inc., 6.15%, 1/15/31 | &nbsp;&nbsp;&nbsp;&nbsp;1438182 |
| &nbsp;&nbsp;2100000 | Healthcare Realty Holdings LP, REIT, 2.40%, 3/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;1908085 |
| &nbsp;&nbsp;&nbsp;&nbsp;590000 | Low Income Investment Fund, Series 2019, 3.39%, 7/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;588608 |
| &nbsp;&nbsp;1300000 | Low Income Investment Fund, Series 2019, 3.71%, 7/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;1257570 |
| &nbsp;&nbsp;2160000 | Preservation of Affordable Housing, Inc., 4.48%, 12/1/32 | &nbsp;&nbsp;&nbsp;&nbsp;2080312 |
| &nbsp;&nbsp;2500000 | Reinvestment Fund, Inc. (The), 3.93%, 2/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;2505157 |
|  |  | &nbsp;&nbsp;&nbsp;10593596 |
| **Industrial — 1.7%** | **Industrial — 1.7%** |  |
| &nbsp;&nbsp;2600000 | Agilent Technologies, Inc., 2.75%, 9/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;2483408 |
| &nbsp;&nbsp;1000000 | Nature Conservancy (The), Series A, 0.94%, 7/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;984194 |
| &nbsp;&nbsp;1000000 | Nature Conservancy (The), Series A, 1.15%, 7/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;956087 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70000 | Nature Conservancy (The), Series A, 1.51%, 7/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53000 | Nature Conservancy (The), Series A, 1.86%, 7/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43365 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;4530932 |
| **Utilities — 4.0%** | **Utilities — 4.0%** |  |
| &nbsp;&nbsp;3150000 | American Water Capital Corp., 4.45%, 6/1/32 | &nbsp;&nbsp;&nbsp;&nbsp;3154214 |
| &nbsp;&nbsp;2720000 | American Water Capital Corp., 5.25%, 3/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;2804513 |
| &nbsp;&nbsp;1350000 | Avangrid, Inc., 3.80%, 6/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;1332363 |
| &nbsp;&nbsp;3400000 | New York State Electric & Gas Corp., 5.05%, 8/15/35(e) | &nbsp;&nbsp;&nbsp;&nbsp;3426760 |
|  |  | &nbsp;&nbsp;&nbsp;10717850 |
| **Total Corporate Bonds** | **Total Corporate Bonds** | &nbsp;&nbsp;&nbsp;**83908414** |
| (Cost $84,120,576) | (Cost $84,120,576) |  |
| **Municipal Bonds — 14.7%** | **Municipal Bonds — 14.7%** |  |
| **Alabama — 0.2%** | **Alabama — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;730000 | Water Works Board of the City of Birmingham Revenue, 2.39%, 1/1/35, Callable 7/1/31 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;618105 |
| **Arizona — 0.4%** | **Arizona — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;750000 | City of Phoenix Civic Improvement Corp. Revenue, Series C, 1.38%, 7/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;724069 |
| &nbsp;&nbsp;&nbsp;&nbsp;250000 | City of Tucson Water System Revenue, 1.88%, 7/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;228650 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;952719 |
| **California — 5.0%** | **California — 5.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;250000 | California Health Facilities. Financing Authority Revenue, 1.68%, 6/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238552 |
| &nbsp;&nbsp;&nbsp;&nbsp;815000 | California Health Facilities. Financing Authority Revenue, 1.98%, 6/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;750389 |
| &nbsp;&nbsp;&nbsp;&nbsp;990000 | California Health Facilities. Financing Authority Revenue, 2.53%, 6/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;840416 |
| &nbsp;&nbsp;&nbsp;&nbsp;460000 | Calleguas Municipal Water District Revenue, Series A, 2.52%, 7/1/36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;380355 |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay Impact Bond Fund (cont.)

------

December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Value** |
| &nbsp;&nbsp;&nbsp;$100000 | City & County of San Francisco GO, 1.95%, 6/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$97335 |
| &nbsp;&nbsp;&nbsp;&nbsp;100000 | City of Los Angeles Housing GO, Series A, 2.95%, 9/1/28, Callable 9/1/27 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97943 |
| &nbsp;&nbsp;&nbsp;&nbsp;350000 | City of San Buenaventura Revenue, 1.17%, 1/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;350000 |
| &nbsp;&nbsp;&nbsp;&nbsp;750000 | City of Santa Rosa Wastewater Revenue, Series B, 2.12%, 9/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;675631 |
| &nbsp;&nbsp;&nbsp;&nbsp;300000 | City of Santa Rosa Wastewater Revenue, Series B, 2.32%, 9/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260680 |
| &nbsp;&nbsp;&nbsp;&nbsp;210000 | Cucamonga Valley Water District Financing Authority Revenue, Series A, 1.54%, 9/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;202557 |
| &nbsp;&nbsp;1500000 | Cucamonga Valley Water District Financing Authority Revenue, Series B, 3.60%, 9/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;1496196 |
| &nbsp;&nbsp;&nbsp;&nbsp;150000 | Kern Community College District GO, 2.54%, 11/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148587 |
| &nbsp;&nbsp;&nbsp;&nbsp;240000 | Lancaster Power Authority Revenue, 1.67%, 11/1/27, (Credit Support: AGM) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;230805 |
| &nbsp;&nbsp;&nbsp;&nbsp;285000 | Lancaster Power Authority Revenue, 1.92%, 11/1/28, (Credit Support: AGM) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;269677 |
| &nbsp;&nbsp;&nbsp;&nbsp;525000 | Lancaster Power Authority Revenue, 2.56%, 11/1/33, (Credit Support: AGM), Callable 11/1/31 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;456995 |
| &nbsp;&nbsp;&nbsp;&nbsp;525000 | Lancaster Power Authority Revenue, 2.68%, 11/1/34, (Credit Support: AGM), Callable 11/1/31 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;450962 |
| &nbsp;&nbsp;&nbsp;&nbsp;755000 | Lancaster Power Authority Revenue, 2.79%, 11/1/35, (Credit Support: AGM), Callable 11/1/31 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;639652 |
| &nbsp;&nbsp;&nbsp;&nbsp;250000 | Rowland Water District Revenue, Series A, 1.61%, 12/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229606 |
| &nbsp;&nbsp;1000000 | Rowland Water District Revenue, Series A, 1.91%, 12/1/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;885004 |
| &nbsp;&nbsp;&nbsp;&nbsp;800000 | Rowland Water District Revenue, Series A, 2.56%, 12/1/36, Callable 12/1/31 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;655348 |
| &nbsp;&nbsp;&nbsp;&nbsp;125000 | San Diego County Water Authority Revenue, Series A, 1.17%, 5/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121044 |
| &nbsp;&nbsp;&nbsp;&nbsp;100000 | San Francisco City & County Public Utilities Commission Wastewater Revenue, 5.40%, 10/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102527 |
| &nbsp;&nbsp;&nbsp;&nbsp;400000 | Santa Clara Valley Water District Certificate Participation, Series D, 1.78%, 6/1/31, Callable 6/1/30 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;353372 |
| &nbsp;&nbsp;1060000 | Santa Clara Valley Water District Certificate Participation, Series D, 1.88%, 6/1/32, Callable 6/1/30 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;915489 |
| &nbsp;&nbsp;&nbsp;&nbsp;950000 | Santa Clara Valley Water District Certificate Participation, Series D, 2.08%, 6/1/34, Callable 6/1/30 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;786839 |
| &nbsp;&nbsp;&nbsp;&nbsp;600000 | Sonoma-Marin Area Rail Transit District Revenue, Series A, 2.02%, 3/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;579373 |
| &nbsp;&nbsp;&nbsp;&nbsp;100000 | State of California Department of Water Resources Revenue, 0.92%, 12/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97483 |
| &nbsp;&nbsp;&nbsp;&nbsp;315000 | Walnut Valley Water District Revenue, Series A, 0.96%, 6/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;311349 |
| &nbsp;&nbsp;&nbsp;&nbsp;320000 | Walnut Valley Water District Revenue, Series A, 1.17%, 6/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;308705 |
| &nbsp;&nbsp;&nbsp;&nbsp;325000 | Walnut Valley Water District Revenue, Series A, 1.37%, 6/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;307034 |
|  |  | &nbsp;&nbsp;&nbsp;13239905 |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay Impact Bond Fund (cont.)

------

December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Value** |
| **Colorado — 0.8%** | **Colorado — 0.8%** |  |
| $1950000 | Colorado Housing and Finance Authority Revenue, Series B, 4.60%, 12/1/27 | $1988380 |
| &nbsp;&nbsp;&nbsp;&nbsp;275000 | Parker Water & Sanitation District GO, 2.10%, 8/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;259154 |
|  |  | &nbsp;&nbsp;&nbsp;2247534 |
| **Connecticut — 1.2%** | **Connecticut — 1.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;325000 | Connecticut Green Bank Revenue, 1.95%, 11/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;308231 |
| &nbsp;&nbsp;2775000 | Connecticut Housing Finance Authority Revenue, Series B, 4.80%, 5/15/28, Callable 11/15/26 @ 100 | &nbsp;&nbsp;&nbsp;2794291 |
|  |  | &nbsp;&nbsp;&nbsp;3102522 |
| **District of Columbia — 0.5%** | **District of Columbia — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;195000 | District of Columbia Housing Finance Agency Revenue, Series A, 1.50%, 3/1/27, (Credit Support: FHA) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;189993 |
| &nbsp;&nbsp;&nbsp;&nbsp;195000 | District of Columbia Housing Finance Agency Revenue, Series A, 1.60%, 9/1/27, (Credit Support: FHA) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188126 |
| &nbsp;&nbsp;&nbsp;&nbsp;200000 | District of Columbia Housing Finance Agency Revenue, Series A, 1.70%, 3/1/28, (Credit Support: FHA) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191141 |
| &nbsp;&nbsp;&nbsp;&nbsp;135000 | District of Columbia Housing Finance Agency Revenue, Series A, 1.75%, 9/1/28, (Credit Support: FHA) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127619 |
| &nbsp;&nbsp;&nbsp;&nbsp;140000 | District of Columbia Housing Finance Agency Revenue, Series A, 1.95%, 9/1/29, (Credit Support: FHA) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129873 |
| &nbsp;&nbsp;&nbsp;&nbsp;590000 | District of Columbia Housing Finance Agency Revenue, Series A, 2.15%, 3/1/31, (Credit Support: FHA), Callable 3/1/30 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;530426 |
|  |  | &nbsp;&nbsp;&nbsp;1357178 |
| **Florida — 0.7%** | **Florida — 0.7%** |  |
| &nbsp;&nbsp;2000000 | City of Palm Coast Utility Revenue, 1.44%, 10/1/28 | &nbsp;&nbsp;&nbsp;1878990 |
| **Georgia — 0.1%** | **Georgia — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;285000 | Carroll County Water Authority Revenue, Series B, 1.51%, 7/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;276011 |
| **Hawaii — 0.3%** | **Hawaii — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;695000 | City & County of Honolulu GO, Series C, 1.47%, 7/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;657521 |
| &nbsp;&nbsp;&nbsp;&nbsp;250000 | Honolulu City & County Board of Water Supply Revenue, Series B, 1.98%, 7/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;244058 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;901579 |
| **Idaho — 0.1%** | **Idaho — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;500000 | Idaho Energy Resources Authority Revenue, 2.86%, 9/1/46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;351960 |
| **Maryland — 0.1%** | **Maryland — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;225000 | City of Baltimore Revenue, Series B, 1.58%, 7/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;213491 |
| **Massachusetts — 0.8%** | **Massachusetts — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;600000 | Boston Water & Sewer Commission Revenue, 1.37%, 11/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;576111 |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay Impact Bond Fund (cont.)

------

December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Value** |
| $1040000 | Massachusetts Bay Transportation Authority Sales Tax Revenue, Series B, 2.49%, 7/1/33, Callable 7/1/31 @ 100 | &nbsp;&nbsp;&nbsp;$923091 |
| &nbsp;&nbsp;&nbsp;&nbsp;775000 | Massachusetts Clean Energy Cooperative Corp. 2.02%, 7/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;741270 |
|  |  | &nbsp;&nbsp;&nbsp;2240472 |
| **Michigan — 0.1%** | **Michigan — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95000 | Marquette Brownfield Redevelopment Authority Revenue, 3.05%, 5/1/27, (Credit Support: Municipal Government Guaranteed), Callable 5/1/26 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94122 |
| &nbsp;&nbsp;&nbsp;&nbsp;225000 | State of Michigan GO, Series B, 1.54%, 5/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;204145 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;298267 |
| **Nevada — 0.1%** | **Nevada — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;250000 | City of Henderson GO, Series A, 2.23%, 6/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241504 |
| **New York — 0.4%** | **New York — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;600000 | Western Nassau County Water Authority Revenue, Series B, 2.50%, 4/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;514650 |
| &nbsp;&nbsp;&nbsp;&nbsp;500000 | Western Nassau County Water Authority Revenue, Series B, 2.58%, 4/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;420750 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;935400 |
| **Ohio — 0.1%** | **Ohio — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;130000 | City of Cincinnati Revenue, Series C, 3.95%, 11/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130390 |
| **Oklahoma — 0.5%** | **Oklahoma — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;715000 | Oklahoma Capitol Improvement Authority Revenue, Series A, 2.58%, 7/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;694314 |
| &nbsp;&nbsp;&nbsp;&nbsp;745000 | Oklahoma Capitol Improvement Authority Revenue, Series A, 2.63%, 7/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;713956 |
|  |  | &nbsp;&nbsp;&nbsp;1408270 |
| **Oregon — 0.6%** | **Oregon — 0.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;350000 | City of Portland GO, Series B, 1.51%, 6/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;331796 |
| &nbsp;&nbsp;&nbsp;&nbsp;300000 | City of Tigard Water Revenue, 2.00%, 8/1/28, (Credit Support: BAM) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;286559 |
| &nbsp;&nbsp;&nbsp;&nbsp;345000 | State of Oregon GO, Series F, 1.32%, 6/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;333561 |
| &nbsp;&nbsp;&nbsp;&nbsp;700000 | State of Oregon GO, Series B, 3.89%, 5/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;698706 |
|  |  | &nbsp;&nbsp;&nbsp;1650622 |
| **Pennsylvania — 0.4%** | **Pennsylvania — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;185000 | City of Philadelphia Water & Wastewater Revenue, Series A, 3.55%, 10/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183963 |
| &nbsp;&nbsp;&nbsp;&nbsp;825000 | Economy Borough Municipal Authority Revenue, Series A, 1.65%, 12/15/28, (Credit Support: BAM) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;774147 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;958110 |
| **Rhode Island — 1.0%** | **Rhode Island — 1.0%** |  |
| &nbsp;&nbsp;1295000 | Narragansett Bay Commission Revenue, 2.09%, 9/1/30 | &nbsp;&nbsp;&nbsp;1193848 |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay Impact Bond Fund (cont.)

------

December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Value** |
| &nbsp;&nbsp;&nbsp;$400000 | Narragansett Bay Commission Revenue, 2.26%, 9/1/32, Callable 9/1/30 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;$355631 |
| &nbsp;&nbsp;&nbsp;&nbsp;150000 | Rhode Island Infrastructure Bank Revenue, 2.70%, 10/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146031 |
| &nbsp;&nbsp;1000000 | Rhode Island Infrastructure Bank State Revolving Fund Revenue, Series A, 1.40%, 10/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;938886 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2634396 |
| **Tennessee — 0.1%** | **Tennessee — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;160000 | Metropolitan Government of Nashville & Davidson County Water & Sewer Revenue, Series B, 1.47%, 7/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155062 |
| **Texas — 1.0%** | **Texas — 1.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;250000 | City of Houston Combined Utility System Revenue, Series C, 2.05%, 11/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246562 |
| &nbsp;&nbsp;&nbsp;&nbsp;300000 | City of Temple Utility System Revenue, 1.53%, 8/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;290195 |
| &nbsp;&nbsp;&nbsp;&nbsp;690000 | City of Temple Utility System Revenue, 1.80%, 8/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;642838 |
| &nbsp;&nbsp;&nbsp;&nbsp;800000 | Dallas Area Rapid Transit Revenue, 2.18%, 12/1/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;705026 |
| &nbsp;&nbsp;&nbsp;&nbsp;275000 | Hidalgo County Drain District No 1 GO, Series A, 1.11%, 9/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270248 |
| &nbsp;&nbsp;&nbsp;&nbsp;225000 | Hidalgo County Drain District No 1 GO, Series A, 1.35%, 9/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216523 |
| &nbsp;&nbsp;&nbsp;&nbsp;130000 | Hidalgo County Drain District No 1 GO, Series A, 1.50%, 9/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122598 |
| &nbsp;&nbsp;&nbsp;&nbsp;300000 | Hidalgo County Drain District No 1 GO, Series A, 1.67%, 9/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;277684 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2771674 |
| **Utah — 0.2%** | **Utah — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;520000 | Metropolitan Water District of Salt Lake & Sandy Revenue, Series B, 1.52%, 7/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;492796 |
| **Vermont — 0.00%** | **Vermont — 0.00%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;100000 | Vermont Housing Finance Agency Property Transfer Tax Revenue Revenue, 3.45%, 11/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97631 |
| **Total Municipal Bonds** | **Total Municipal Bonds** | &nbsp;&nbsp;&nbsp;**39154588** |
| (Cost $42,214,666) | (Cost $42,214,666) |  |
| **Asset Backed Securities — 6.7%** | **Asset Backed Securities — 6.7%** |  |
| &nbsp;&nbsp;1545000 | Dext ABS LLC, Series 2025-2, Class C, 4.89%, 4/15/36(e) | &nbsp;&nbsp;&nbsp;&nbsp;1544000 |
| &nbsp;&nbsp;3012776 | Luminace Issuer LLC, Series 2022-1, Class B, 5.91%, 7/31/62(e) | &nbsp;&nbsp;&nbsp;&nbsp;2980504 |
| &nbsp;&nbsp;1022157 | MMP Capital LLC, Series 2025-A, Class A, 5.36%, 12/15/31(e) | &nbsp;&nbsp;&nbsp;&nbsp;1031138 |
| &nbsp;&nbsp;&nbsp;&nbsp;832224 | Sunnova Helios II Issuer LLC, Series 2021-B, Class A, 1.62%, 7/20/48(e) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;731706 |
| &nbsp;&nbsp;1230426 | Sunnova Helios V Issuer LLC, Series 2021-A, Class A, 1.80%, 2/20/48(e) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;941315 |
| &nbsp;&nbsp;&nbsp;&nbsp;763727 | Sunnova Helios VII Issuer LLC, Series 2021-C, Class A, 2.03%, 10/20/48(e) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;624352 |
| &nbsp;&nbsp;&nbsp;&nbsp;190932 | Sunnova Helios VII Issuer LLC, Series 2021-C, Class C, 2.63%, 10/20/48(e) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113862 |
| &nbsp;&nbsp;1789705 | Sunnova Helios XI Issuer LLC, Series 2023-A, Class B, 5.60%, 5/20/50(e) | &nbsp;&nbsp;&nbsp;&nbsp;1166115 |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay Impact Bond Fund (cont.)

------

December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Value** |
| $2161485 | Sunnova Helios XIII Issuer LLC, Series 2024-A, Class C, 7.00%, 2/20/51(e) | &nbsp;&nbsp;$1732169 |
| &nbsp;&nbsp;3510557 | Sunnova Sol IV Issuer LLC, Series 2022-A, Class C, 3.53%, 2/22/49(e) | &nbsp;&nbsp;&nbsp;&nbsp;2219552 |
| &nbsp;&nbsp;&nbsp;&nbsp;320000 | Switch ABS Issuer LLC, Series 2024-1A, Class A2, 6.28%, 3/25/54(e) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;323575 |
| &nbsp;&nbsp;&nbsp;&nbsp;825000 | Switch ABS Issuer LLC, Series 2024-2A, Class A2, 5.44%, 6/25/54(e) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;823528 |
| &nbsp;&nbsp;2320000 | Tricolor Auto Securitization Trust, Series 2022-1A, Class F, 9.80%, 7/16/29(e) | &nbsp;&nbsp;&nbsp;&nbsp;1776586 |
| &nbsp;&nbsp;2200000 | Tricolor Auto Securitization Trust, Series 2024-1A, Class D, 8.61%, 4/17/28(e) | &nbsp;&nbsp;&nbsp;&nbsp;1287522 |
| &nbsp;&nbsp;1500000 | Tricolor Auto Securitization Trust, Series 2024-3A, Class D, 6.34%, 4/16/29(e) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;469971 |
| **Total Asset Backed Securities** | **Total Asset Backed Securities** | &nbsp;&nbsp;&nbsp;**17765895** |
| (Cost $22,604,171) | (Cost $22,604,171) |  |
| **U.S. Government Agency Obligations — 2.5%** | **U.S. Government Agency Obligations — 2.5%** |  |
| **Small Business Administration — 1.1%** | **Small Business Administration — 1.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;447502 | Certificate of Originator's Fee, 0.23%, 3/15/31(b),(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1396 |
| &nbsp;&nbsp;&nbsp;&nbsp;344250 | Certificate of Originator's Fee, 0.23%, 5/15/31(b),(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1074 |
| &nbsp;&nbsp;&nbsp;&nbsp;108364 | Certificate of Originator's Fee, 0.23%, 1/1/34(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;465 |
| &nbsp;&nbsp;&nbsp;&nbsp;179309 | Certificate of Originator's Fee, 0.23%, 3/1/34(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;769 |
| &nbsp;&nbsp;&nbsp;&nbsp;164250 | Certificate of Originator's Fee, 0.23%, 3/1/34(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;704 |
| &nbsp;&nbsp;&nbsp;&nbsp;187500 | Certificate of Originator's Fee, 0.23%, 4/1/34(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;804 |
| &nbsp;&nbsp;&nbsp;&nbsp;187500 | Certificate of Originator's Fee, 0.23%, 4/1/34(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;804 |
| &nbsp;&nbsp;&nbsp;&nbsp;135000 | Certificate of Originator's Fee, 0.23%, 4/1/34(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;579 |
| &nbsp;&nbsp;&nbsp;&nbsp;389700 | Certificate of Originator's Fee, 0.28%, 5/17/46(b),(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2696 |
| &nbsp;&nbsp;&nbsp;&nbsp;450000 | Certificate of Originator's Fee, 0.48%, 9/1/31(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85000 | Certificate of Originator's Fee, 0.48%, 4/1/34(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48450 | Certificate of Originator's Fee, 0.48%, 4/1/34(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;434 |
| &nbsp;&nbsp;&nbsp;&nbsp;443934 | Certificate of Originator's Fee, 0.53%, 6/15/31(b),(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3190 |
| &nbsp;&nbsp;&nbsp;&nbsp;132635 | Certificate of Originator's Fee, 0.73%, 2/28/34(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1849 |
| &nbsp;&nbsp;&nbsp;&nbsp;262500 | Certificate of Originator's Fee, 0.73%, 3/26/34(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3660 |
| &nbsp;&nbsp;&nbsp;&nbsp;262500 | Certificate of Originator's Fee, 0.73%, 3/28/34(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3660 |
| &nbsp;&nbsp;&nbsp;&nbsp;187500 | Certificate of Originator's Fee, 0.73%, 3/28/34(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2614 |
| &nbsp;&nbsp;&nbsp;&nbsp;222833 | Certificate of Originator's Fee, 0.78%, 4/15/31(b),(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2357 |
| &nbsp;&nbsp;1350000 | Certificate of Originator's Fee, 0.78%, 7/15/31(b),(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14279 |
| &nbsp;&nbsp;&nbsp;&nbsp;495000 | Certificate of Originator's Fee, 0.78%, 8/15/31(b),(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5236 |
| &nbsp;&nbsp;&nbsp;&nbsp;103500 | Certificate of Originator's Fee, 0.78%, 8/15/31(b),(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1095 |
| &nbsp;&nbsp;&nbsp;&nbsp;404563 | Certificate of Originator's Fee, 1.03%, 4/15/46(b),(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10296 |
| &nbsp;&nbsp;&nbsp;&nbsp;346986 | Certificate of Originator's Fee, 1.23%, 5/10/31(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6771 |
| &nbsp;&nbsp;&nbsp;&nbsp;270000 | Certificate of Originator's Fee, 1.23%, 8/2/31(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5269 |
| &nbsp;&nbsp;&nbsp;&nbsp;139500 | Certificate of Originator's Fee, 1.23%, 9/16/31(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2722 |
| &nbsp;&nbsp;&nbsp;&nbsp;940950 | Certificate of Originator's Fee, 1.28%, 4/7/46(b),(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29760 |
| &nbsp;&nbsp;&nbsp;&nbsp;437400 | Certificate of Originator's Fee, 1.28%, 6/23/46(b),(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13834 |
| &nbsp;&nbsp;&nbsp;&nbsp;212509 | Certificate of Originator's Fee, 1.73%, 9/8/33(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7022 |
| &nbsp;&nbsp;&nbsp;&nbsp;149272 | Certificate of Originator's Fee, 1.98%, 8/10/33(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5645 |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay Impact Bond Fund (cont.)

------

December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Value** |
| &nbsp;&nbsp;&nbsp;$127500 | Certificate of Originator's Fee, 1.98%, 11/16/33(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4822 |
| &nbsp;&nbsp;&nbsp;&nbsp;186547 | Certificate of Originator's Fee, 1.98%, 12/18/33(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5455 | (Prime Index - 2.500%), 4.75%, 2/25/28(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65005 | (Prime Index - 2.500%), 4.75%, 4/25/44(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64931 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25802 | (Prime Index - 0.675%), 6.58%, 9/25/43(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26804 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62351 | (Prime Index - 0.675%), 6.58%, 11/25/45(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29637 | 7.08%, 7/25/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29682 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97625 | (Prime Index + 0.120%), 7.37%, 1/25/46(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103849 |
| &nbsp;&nbsp;&nbsp;&nbsp;150913 | (Prime Index + 0.325%), 7.58%, 6/25/31(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156742 |
| &nbsp;&nbsp;&nbsp;&nbsp;148874 | (Prime Index + 0.325%), 7.58%, 7/25/31(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154148 |
| &nbsp;&nbsp;&nbsp;&nbsp;159094 | (Prime Index + 0.325%), 7.58%, 2/25/32(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46854 | (Prime Index + 0.325%), 7.58%, 9/25/44(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49722 |
| &nbsp;&nbsp;&nbsp;&nbsp;581476 | (Prime Index + 0.325%), 7.58%, 8/25/46(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;622915 |
| &nbsp;&nbsp;&nbsp;&nbsp;389086 | (Prime Index + 0.375%), 7.63%, 10/25/31(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;405126 |
| &nbsp;&nbsp;&nbsp;&nbsp;313709 | (Prime Index + 0.375%), 7.63%, 8/25/46(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;334768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73775 | (Prime Index + 0.575%), 7.83%, 4/25/31(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76718 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17748 | (Prime Index + 0.579%), 7.83%, 3/25/43(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7291 | (Prime Index + 0.700%), 7.95%, 2/25/28(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7415 |
| &nbsp;&nbsp;&nbsp;&nbsp;296655 | (Prime Index + 0.825%), 8.08%, 9/25/31(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;310626 |
| &nbsp;&nbsp;&nbsp;&nbsp;175259 | (Prime Index + 0.875%), 8.13%, 1/25/32(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9889 | (Prime Index + 0.990%), 8.24%, 11/25/28(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24939 | (Prime Index + 1.235%), 8.49%, 6/25/29(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25931 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30284 | (Prime Index + 1.575%), 8.83%, 7/25/30(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31669 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12845 | 9.08%, 9/25/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32240 | (Prime Index + 2.325%), 9.58%, 10/25/30(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50528 | (Prime Index + 2.325%), 9.58%, 1/25/31(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53709 |
|  |  | &nbsp;&nbsp;&nbsp;3094641 |
| **U.S. International Development Finance Corp. — 1.4%** | **U.S. International Development Finance Corp. — 1.4%** |  |
| &nbsp;&nbsp;1000000 | 1.44%, 4/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;963312 |
| &nbsp;&nbsp;&nbsp;&nbsp;500000 | 1.65%, 4/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;483099 |
| &nbsp;&nbsp;2014570 | (US Treasury Bill Yield 3-Month + 0.000%), 3.54%, 7/7/40(b) | &nbsp;&nbsp;&nbsp;2014570 |
|  |  | &nbsp;&nbsp;&nbsp;3460981 |
| **Total U.S. Government Agency Obligations** | **Total U.S. Government Agency Obligations** | &nbsp;&nbsp;&nbsp;**6555622** |
| (Cost $7,194,753) | (Cost $7,194,753) |  |
| **Collateralized Mortgage Obligations — 1.6%** | **Collateralized Mortgage Obligations — 1.6%** |  |
| &nbsp;&nbsp;2800000 | BX Commercial Mortgage Trust, Series 2022-AHP, Class C, (Term SOFR 1M + 2.090%), 5.84%, 1/17/39(b),(e) | &nbsp;&nbsp;&nbsp;2794246 |
| &nbsp;&nbsp;1550000 | SWCH Commercial Mortgage Trust, Series 2025-DATA, Class D, (Term SOFR 1M + 2.641%), 6.39%, 2/15/42(b),(e) | &nbsp;&nbsp;&nbsp;1531781 |
| **Total Collateralized Mortgage Obligations** | **Total Collateralized Mortgage Obligations** | &nbsp;&nbsp;&nbsp;**4326027** |
| (Cost $4,335,768) | (Cost $4,335,768) |  |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay Impact Bond Fund (cont.)

------

December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
| **Investment Company — 0.2%** | **Investment Company — 0.2%** |  |
| 560511 | RBC BlueBay U.S. Government Money Market Fund,<br> Institutional Class 1(f) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$560511 |
| **Total Investment Company** | **Total Investment Company** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**560511** |
| (Cost $560,511) | (Cost $560,511) |  |
| **Total Investments** | **Total Investments** | **$265772485** |
| (Cost $278,084,587) — 99.8% | (Cost $278,084,587) — 99.8% |  |
| **Other assets in excess of liabilities — 0.2%** | **Other assets in excess of liabilities — 0.2%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**624018** |
| **NET ASSETS — 100.0%** | **NET ASSETS — 100.0%** | **$266396503** |

---

------

(a) 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.

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

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

(d) Zero Coupon Bond. The rate represents the yield at time of purchase.

(e) 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.

(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> Depreciation** | &nbsp;&nbsp;**Notional<br> Value** | &nbsp;&nbsp;**Notional<br> Value** | &nbsp;&nbsp;**Clearinghouse** |
| 30 Year U.S. Treasury Bond | &nbsp;&nbsp;135 | &nbsp;&nbsp;March 2026 | &nbsp;&nbsp;$(75121) | &nbsp;&nbsp;USD | &nbsp;&nbsp;$15605156 | &nbsp;&nbsp;Citigroup Global Markets, Inc. |
| 30 Year U.S. Ultra Treasury Bond | &nbsp;&nbsp;157 | &nbsp;&nbsp;March 2026 | &nbsp;&nbsp;&nbsp;&nbsp;(372454) | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;18526000 | &nbsp;&nbsp;Citigroup Global Markets, Inc. |
| **Total** |  |  | &nbsp;&nbsp;$(447575) |  |  |  |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Short Position** | &nbsp;&nbsp;**Number of<br> Contracts** | &nbsp;&nbsp;**Expiration<br> Date** | &nbsp;&nbsp;**Value/Unrealized<br> Appreciation<br> (Depreciation)** | &nbsp;&nbsp;**Notional<br> Value** | &nbsp;&nbsp;**Notional<br> Value** | &nbsp;&nbsp;**Clearinghouse** |
| 10 Year U.S. Treasury Note | &nbsp;&nbsp;28 | &nbsp;&nbsp;March 2026 | &nbsp;&nbsp;&nbsp;&nbsp;$6942 | &nbsp;&nbsp;USD | &nbsp;&nbsp;$3148250 | &nbsp;&nbsp;Citigroup Global Markets, Inc. |
| 5 Year U.S. Treasury Note | &nbsp;&nbsp;58 | &nbsp;&nbsp;March 2026 | &nbsp;&nbsp;&nbsp;&nbsp;(19143) | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;6339672 | &nbsp;&nbsp;Citigroup Global Markets, Inc. |
| **Total** |  |  | &nbsp;&nbsp;$(12201) |  |  |  |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay Impact Bond Fund (cont.)

------

December 31, 2025 (Unaudited)

---

| |
|:---|
| Abbreviations used are defined below: |
| AGM - Assured Guaranty Municipal Corp. |
| BAM - Bank of America |
| FHA - Insured by Federal Housing Administration |
| GO - General Obligations |
| REIT - Real Estate Investment Trust |
| SOFR - Secured Overnight Financing Rate |
| SOFR30A - Secured Overnight Financing Rate 30 Day Average |
| TBA - To-be-announced |
| 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 Impact Bond Fund

- **b. EDGAR series identifier (if any):** S000059868

- **c. LEI of Series:** 549300PDRJN9B3EOEM95

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

- **a. Date of fiscal year-end:** 2026-09-30

- **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:** $269199227.89

**Total Liabilities:** $3552698.82

**Net Assets:** $265646529.07

**Stand-by Commitments:** $2422265.63

**Cash Not Reported:** $4790.47

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 2110.86000000 | **1-Year:** 15408.10000000 | **5-Year:** 39835.93000000 | **10-Year:** 35241.89000000 | **30-Year:** 6353.90000000

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

- **3-Month:** 1427.03000000 | **1-Year:** 3478.65000000 | **5-Year:** 4432.75000000 | **10-Year:** 5520.63000000 | **30-Year:** 2683.32000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000195863 | 0.45%                | 0.56%                | -0.12%               |
| Class ID C000195864 | 0.46%                | 0.57%                | -0.12%               |
| Class ID C000217811 | 0.43%                | 0.54%                | -0.14%               |
| Class ID C000227055 | 0.46%                | 0.57%                | -0.12%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-155675.02              | $272962.56                                 |
| Month 2  | $183737.51               | $374382.10                                 |
| Month 3  | $-212122.57              | $-384062.31                                |

**Designated Index Information**

- **Index Name:** Bloomberg Barclays U.S. Aggregate

- **Index Identifier:** ULBF1TRUSD

### 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 10YR NOTE (CBT)                                                              | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -35 | NC      | $8677.55      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140JVMM1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     20334 | PA      | $19087.94     | 0.01%             | 2049-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MOMENTUS SECURITIES LLC                       | Small Business Administration Pools                                             | CUSIP: 8316A0ZZ6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    671983 | PA      | $737782.05    | 0.28%             | 2035-02-25      | Floating      | 8.86%                 | No            |                  2 | On Loan: No      |
| SBA                                           | SBA                                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    346986 | PA      | $6771.16      | 0.00%             | 2031-05-10      | Fixed         | 1.23%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KJBH4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    327189 | PA      | $282373.96    | 0.11%             | 2050-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| KERN CA CMNTY CLG DIST                        | Kern Community College District                                                 | CUSIP: 492244EW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $148586.94    | 0.06%             | 2026-11-01      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| ROWLAND CA WTR DIST WTR REVENU                | Rowland Water District                                                          | CUSIP: 779657BA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $229606.06    | 0.09%             | 2029-12-01      | Fixed         | 1.61%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KLZA8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    436572 | PA      | $372537.88    | 0.14%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                                | Small Business Administration Pools                                             | CUSIP: 83164MR35<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     65005 | PA      | $64931.02     | 0.02%             | 2044-04-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN WATER CAPITAL C                      | American Water Capital Corp                                                     | CUSIP: 03040WBF1<br>LEI: 5IDHQUFVC8Q2KIBBFF06 | Long             | DBT              | CORP              | US        |   2720000 | PA      | $2804513.18   | 1.06%             | 2035-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KJA44<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    130490 | PA      | $106888.84    | 0.04%             | 2050-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QPGF8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1764363 | PA      | $1682926.12   | 0.63%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COMMUNITY PRESERVATION C                      | Community Preservation Corp/The                                                 | CUSIP: 20402CAA3<br>LEI: 254900CWS66ZXCS6P481 | Long             | DBT              | CORP              | US        |    250000 | PA      | $233079.86    | 0.09%             | 2030-02-01      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133ACLM8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    183369 | PA      | $156814.72    | 0.06%             | 2050-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| J.V.B. FINANCIAL GROUP. LLC                   | Small Business Administration Pools                                             | CUSIP: 8316A0A75<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    389086 | PA      | $405125.56    | 0.15%             | 2031-10-25      | Floating      | 7.62%                 | No            |                  2 | On Loan: No      |
| BLUEHUB LOAN FUND                             | BlueHub Loan Fund Inc                                                           | CUSIP: 095623AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $247464.09    | 0.09%             | 2027-01-01      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| DORIS DUKE CHARITABLE                         | Doris Duke Charitable Foundation/The                                            | CUSIP: 258261AA4<br>LEI: HFI2KJN5A6RHAGMWK984 | Long             | DBT              | CORP              | US        |    100000 | PA      | $56249.52     | 0.02%             | 2050-07-01      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Helios Issuer, LLC                            | Sunnova Helios V Issuer LLC                                                     | CUSIP: 86746EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1230426 | PA      | $941315.20    | 0.35%             | 2048-02-20      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| PARKER CO WTR & SANTN DIST                    | Parker Water & Sanitation District/CO                                           | CUSIP: 701057BZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $259154.33    | 0.10%             | 2029-08-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| MOMENTUS SECURITIES LLC                       | Small Business Administration Pools                                             | CUSIP: 8316A0YG9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    440928 | PA      | $486168.72    | 0.18%             | 2034-12-25      | Floating      | 9.11%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1350000 | PA      | $14278.68     | 0.01%             | 2031-07-15      | Floating      | 0.78%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC                            | Royalty Pharma PLC                                                              | CUSIP: 78081BAQ6<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |   1940000 | PA      | $1992983.05   | 0.75%             | 2029-09-02      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QSKV2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1204338 | PA      | $1228308.79   | 0.46%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140NUSM2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3500000 | PA      | $3553933.34   | 1.34%             | 2029-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QKUA4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    347138 | PA      | $298056.25    | 0.11%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CALLEGUAS CA MUNI WTR DIST                    | Calleguas Municipal Water District                                              | CUSIP: 13124MCM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $380355.41    | 0.14%             | 2036-07-01      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    940950 | PA      | $29760.27     | 0.01%             | 2046-04-07      | Floating      | 1.28%                 | No            |                  2 | On Loan: No      |
| TIGARD OR WTR SYS REVENUE                     | City of Tigard OR Water Revenue                                                 | CUSIP: 88675ABV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $286558.64    | 0.11%             | 2028-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PRSVN OF AFFORD HOUSING                       | Preservation Of Affordable Housing Inc                                          | CUSIP: 74082VAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2160000 | PA      | $2080312.14   | 0.78%             | 2032-12-01      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QPFE2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2415047 | PA      | $2303576.32   | 0.87%             | 2052-06-01      | Fixed         | 4.00%                 | 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        |   2200000 | PA      | $1287522.39   | 0.48%             | 2028-04-17      | Fixed         | 8.61%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    132635 | PA      | $1849.38      | 0.00%             | 2034-02-28      | Fixed         | 0.73%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140NYAJ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2800000 | PA      | $2855977.78   | 1.08%             | 2030-04-01      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA                                | City of Los Angeles CA                                                          | CUSIP: 544351LP2<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |    100000 | PA      | $97942.54     | 0.04%             | 2028-09-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140NXHN6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1610000 | PA      | $1638256.86   | 0.62%             | 2030-01-01      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KMG66<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    192030 | PA      | $163685.18    | 0.06%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QSRD5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1844542 | PA      | $1854319.14   | 0.70%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140NW2P9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1875000 | PA      | $1920846.81   | 0.72%             | 2029-12-01      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| THE REINVESTMENT FUND                         | Reinvestment Fund Inc/The                                                       | CUSIP: 75936LAM6<br>LEI: 254900M05GOONA6Z9I72 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2505156.99   | 0.94%             | 2028-02-15      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST GREEN BANK                     | Connecticut Green Bank                                                          | CUSIP: 207580AU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $308230.98    | 0.12%             | 2028-11-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND INFRASTRUCTURE BA                | Rhode Island Infrastructure Bank                                                | CUSIP: 76222FDJ4<br>LEI: 54930022Z6KOPRSQCG49 | Long             | DBT              | MUN               | US        |    150000 | PA      | $146030.98    | 0.05%             | 2028-10-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| J.V.B. FINANCIAL GROUP. LLC                   | Small Business Administration Pools                                             | CUSIP: 83164NBS5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    296655 | PA      | $310626.38    | 0.12%             | 2031-09-25      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QVCN2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2044907 | PA      | $2088244.32   | 0.79%             | 2054-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SANTA CLARA VLY CA WTR DIST CO                | Santa Clara Valley Water District                                               | CUSIP: 80168FPG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $786839.21    | 0.30%             | 2034-06-01      | Fixed         | 2.08%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                | Ginnie Mae I Pool                                                               | CUSIP: 36179DCC2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     30080 | PA      | $29229.63     | 0.01%             | 2026-08-15      | Fixed         | 1.66%                 | No            |                  2 | On Loan: No      |
| CINCINNATI OH ECON DEV REVENUE                | City of Cincinnati OH                                                           | CUSIP: 172254VJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $130390.39    | 0.05%             | 2028-11-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    164250 | PA      | $704.21       | 0.00%             | 2034-03-01      | Fixed         | 0.23%                 | No            |                  2 | On Loan: No      |
| VERMONT ST HSG FIN AGY PROPERT                | Vermont Housing Finance Agency Property Transfer Tax Revenue                    | CUSIP: 92419RAN2<br>LEI: 549300RD7EYN90K0W008 | Long             | DBT              | MUN               | US        |    100000 | PA      | $97631.26     | 0.04%             | 2029-11-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| FRESB Multifamily Mortgage Pas                | FRESB 2018-SB45 Mortgage Trust                                                  | CUSIP: 30308AAH6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     28536 | PA      | $28179.27     | 0.01%             | 2027-11-25      | Variable      | 3.16%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133BD4M4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    652946 | PA      | $622808.60    | 0.23%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROWLAND CA WTR DIST WTR REVENU                | Rowland Water District                                                          | CUSIP: 779657BC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $885003.66    | 0.33%             | 2031-12-01      | Fixed         | 1.91%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                     | Amgen Inc                                                                       | CUSIP: 031162DR8<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3625495.78   | 1.36%             | 2033-03-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                | Government National Mortgage Association                                        | CUSIP: 38380JPZ5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     17089 | PA      | $16205.94     | 0.01%             | 2052-03-16      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A                | California Health Facilities Financing Authority                                | CUSIP: 13032UXS2<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    815000 | PA      | $750389.09    | 0.28%             | 2030-06-01      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    187500 | PA      | $803.89       | 0.00%             | 2034-04-01      | Fixed         | 0.23%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QQW43<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1215526 | PA      | $1255631.31   | 0.47%             | 2052-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HSG & FIN AUTH                    | Colorado Housing and Finance Authority                                          | CUSIP: 19648GVD1<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1988379.91   | 0.75%             | 2027-12-01      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| Helios Issuer, LLC                            | Sunnova Helios XIII Issuer LLC                                                  | CUSIP: 86745CAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2161485 | PA      | $1732168.94   | 0.65%             | 2051-02-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KLPL5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    282974 | PA      | $231132.20    | 0.09%             | 2051-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QSRE3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1968383 | PA      | $2018897.89   | 0.76%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SONOMA MARIN AREA RAIL TRANSPR                | Sonoma-Marin Area Rail Transit District                                         | CUSIP: 835588BB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $579372.71    | 0.22%             | 2028-03-01      | Fixed         | 2.02%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    495000 | PA      | $5235.52      | 0.00%             | 2031-08-15      | Floating      | 0.78%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140HBQ76<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     39340 | PA      | $38027.31     | 0.01%             | 2048-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ECONOMY PA MUNI AUTH SWR REVEN                | Economy Borough Municipal Authority                                             | CUSIP: 27915REJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $774146.86    | 0.29%             | 2028-12-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KHQH2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    125040 | PA      | $112040.51    | 0.04%             | 2050-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QAGW4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     59892 | PA      | $57963.24     | 0.02%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QPYL5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1728288 | PA      | $1695981.85   | 0.64%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                                | Small Business Administration Pools                                             | CUSIP: 83164MTT6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     46854 | PA      | $49722.45     | 0.02%             | 2044-09-25      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140LXEK7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1396731 | PA      | $1332262.39   | 0.50%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MMP Capital                                   | MMP Capital 2025-A LLC                                                          | CUSIP: 55317QAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1022157 | PA      | $1031137.68   | 0.39%             | 2031-12-15      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                     | Fannie Mae or Freddie Mac                                                       | CUSIP: 01F020612<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3000000 | PA      | $2426139.00   | 0.91%             | 2056-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| INT DEVELOPMENT FIN CORP                      | United States International Development Finance Corp                            | CUSIP: 90376PCZ2<br>LEI: 254900QI8QTIK0FY6E92 | Long             | DBT              | USGA              | US        |    500000 | PA      | $483098.48    | 0.18%             | 2028-04-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    344250 | PA      | $1073.65      | 0.00%             | 2031-05-15      | Floating      | 0.23%                 | No            |                  2 | On Loan: No      |
| PORTLAND OR                                   | City of Portland OR                                                             | CUSIP: 736679C25<br>LEI: 254900RPNQMJF9NBMF52 | Long             | DBT              | MUN               | US        |    350000 | PA      | $331796.17    | 0.12%             | 2028-06-15      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| BIRMINGHAM AL WTRWKS BRD WTR R                | Water Works Board of the City of Birmingham/The                                 | CUSIP: 091096PF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $618104.69    | 0.23%             | 2035-01-01      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KMKN4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    665253 | PA      | $541982.22    | 0.20%             | 2051-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| AVANGRID INC                                  | Avangrid Inc                                                                    | CUSIP: 05351WAB9<br>LEI: 549300OX0Q38NLSKPB49 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1332363.18   | 0.50%             | 2029-06-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| WSTRN NASSAU CNTY NY WTR AUTH                 | Western Nassau County Water Authority                                           | CUSIP: 958792FP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $420750.39    | 0.16%             | 2035-04-01      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140NYDC2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2000000 | PA      | $2031028.39   | 0.76%             | 2030-02-01      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3132XDB77<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1961543 | PA      | $2004332.28   | 0.75%             | 2030-01-01      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |     48450 | PA      | $433.51       | 0.00%             | 2034-04-01      | Fixed         | 0.48%                 | No            |                  2 | On Loan: No      |
| NATURE CONSERVANCY (THE)                      | Nature Conservancy/The                                                          | CUSIP: 63902HAM1<br>LEI: 549300GJ1IZME7V1JJ28 | Long             | DBT              | CORP              | US        |     70000 | PA      | $63877.59     | 0.02%             | 2029-07-01      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| Helios Issuer, LLC                            | Sunnova Helios VII Issuer LLC                                                   | CUSIP: 86745RAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    763727 | PA      | $624351.86    | 0.24%             | 2048-10-20      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization T                | Tricolor Auto Securitization Trust 2022-1                                       | CUSIP: 89616BAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2320000 | PA      | $1776585.70   | 0.67%             | 2029-07-16      | Fixed         | 9.80%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                                | Small Business Administration Pools                                             | CUSIP: 831628ES7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     12845 | PA      | $13146.67     | 0.00%             | 2029-09-25      | Fixed         | 9.07%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140NWLA1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2470000 | PA      | $2497316.83   | 0.94%             | 2029-10-01      | Fixed         | 4.36%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                                | Small Business Administration Pools                                             | CUSIP: 83164NAS6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    150913 | PA      | $156742.45    | 0.06%             | 2031-06-25      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| WALNUT VLY CA WTR DIST WTR REV                | Walnut Valley Water District/CA                                                 | CUSIP: 933002AD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $308705.03    | 0.12%             | 2027-06-01      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                                | Small Business Administration Pools                                             | CUSIP: 8316A0AU4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    313709 | PA      | $334767.74    | 0.13%             | 2046-08-25      | Floating      | 7.62%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                                | Small Business Administration Pools                                             | CUSIP: 83164M3S6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     62351 | PA      | $64727.64     | 0.02%             | 2045-11-25      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3138LLW68<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     85383 | PA      | $84134.33     | 0.03%             | 2027-12-01      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| HALEON US CAPITAL LLC                         | Haleon US Capital LLC                                                           | CUSIP: 36264FAM3<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |   2114000 | PA      | $2011839.10   | 0.76%             | 2032-03-24      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| HEALTHCARE RLTY HLDGS LP                      | Healthcare Realty Holdings LP                                                   | CUSIP: 42225UAL8<br>LEI: 549300IYGAS4GE6VDL07 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $1908084.86   | 0.72%             | 2030-03-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| MERCK & CO INC                                | Merck & Co Inc                                                                  | CUSIP: 58933YBZ7<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2594577.52   | 0.98%             | 2035-12-04      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Sunnova Helios VIII Issuer, LL                | Sunnova Sol IV Issuer LLC                                                       | CUSIP: 86745AAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3510557 | PA      | $2219552.39   | 0.84%             | 2049-02-22      | Fixed         | 3.53%                 | No            |                  2 | On Loan: No      |
| HCA INC                                       | HCA Inc                                                                         | CUSIP: 404121AK1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1861000 | PA      | $1915594.06   | 0.72%             | 2034-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140Q1VR8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2325000 | PA      | $2320269.92   | 0.87%             | 2030-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QQJM8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1682690 | PA      | $1695701.11   | 0.64%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                                | Small Business Administration Pools                                             | CUSIP: 831628E32<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     29637 | PA      | $29681.55     | 0.01%             | 2030-07-25      | Fixed         | 7.08%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QQX83<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    410685 | PA      | $428872.71    | 0.16%             | 2052-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    186547 | PA      | $7055.03      | 0.00%             | 2033-12-18      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| 180 MEDICAL INC                               | 180 Medical Inc                                                                 | CUSIP: 682357AB4<br>LEI: 254900ZB648OPWVFVX59 | Long             | DBT              | CORP              | US        |   1694000 | PA      | $1688657.45   | 0.64%             | 2035-10-08      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMBIA HSG FIN A                | District of Columbia Housing Finance Agency                                     | CUSIP: 254768VJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $129872.87    | 0.05%             | 2029-09-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    437400 | PA      | $13834.04     | 0.01%             | 2046-06-23      | Floating      | 1.28%                 | No            |                  2 | On Loan: No      |
| WALNUT VLY CA WTR DIST WTR REV                | Walnut Valley Water District/CA                                                 | CUSIP: 933002AE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $307033.50    | 0.12%             | 2028-06-01      | Fixed         | 1.37%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Gold Pool                                                           | CUSIP: 3132LA6A5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     58026 | PA      | $54542.14     | 0.02%             | 2049-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KPSB5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1609443 | PA      | $1579607.45   | 0.59%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140NYBY6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1322000 | PA      | $1369632.97   | 0.52%             | 2030-05-01      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST CLEAN ENERGYC                | Massachusetts Clean Energy Cooperative Corp                                     | CUSIP: 575625AZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $741270.48    | 0.28%             | 2028-07-01      | Fixed         | 2.02%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                                | Small Business Administration Pools                                             | CUSIP: 83165BET5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     97625 | PA      | $103849.45    | 0.04%             | 2046-01-25      | Floating      | 7.37%                 | No            |                  2 | On Loan: No      |
| TEMPLE TX UTILITY SYTEM REVENU                | City of Temple TX Utility System Revenue                                        | CUSIP: 880162JA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $290194.77    | 0.11%             | 2027-08-01      | Fixed         | 1.53%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.   | ULTRA U.S. TREASURY BOND                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       151 | NC      | $-371315.22   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KG3X4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     75720 | PA      | $67940.87     | 0.03%             | 2049-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                     | IQVIA Inc                                                                       | CUSIP: 46266TAF5<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2372270.36   | 0.89%             | 2029-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KKCR8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    236727 | PA      | $202593.03    | 0.08%             | 2050-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST CAPITOL IMPT AUTH                 | Oklahoma Capitol Improvement Authority                                          | CUSIP: 679088KJ2<br>LEI: 549300LYHYBINTZ5AY71 | Long             | DBT              | MUN               | US        |    715000 | PA      | $694313.76    | 0.26%             | 2028-07-01      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    108364 | PA      | $464.60       | 0.00%             | 2034-01-01      | Fixed         | 0.23%                 | No            |                  2 | On Loan: No      |
| MOMENTUS SECURITIES LLC                       | Small Business Administration Pools                                             | CUSIP: 8316A0TY6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    134363 | PA      | $145399.08    | 0.05%             | 2034-05-25      | Floating      | 8.88%                 | No            |                  2 | On Loan: No      |
| BALTIMORE MD REVENUE                          | City of Baltimore MD                                                            | CUSIP: 059231X62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $213490.84    | 0.08%             | 2028-07-01      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140Q93D3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     16062 | PA      | $15942.50     | 0.01%             | 2048-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133ASXY4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    910661 | PA      | $741915.65    | 0.28%             | 2051-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA WTR & WSTWTR R                | City of Philadelphia PA Water & Wastewater Revenue                              | CUSIP: 717893K34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $183963.19    | 0.07%             | 2028-10-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| RECKITT BENCKISER TSY                         | Reckitt Benckiser Treasury Services PLC                                         | CUSIP: 75625QAE9<br>LEI: 213800LAXWIUOOBZ3908 | Long             | DBT              | CORP              | GB        |   2500000 | PA      | $2465178.03   | 0.93%             | 2027-06-26      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140HMYW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     44817 | PA      | $43321.88     | 0.02%             | 2048-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Gold Pool                                                           | CUSIP: 3132LAAF9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     42975 | PA      | $41438.04     | 0.02%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KLXY8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1078226 | PA      | $912415.75    | 0.34%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHN FINANCIAL CAPITAL MARKETS                 | Small Business Administration Pools                                             | CUSIP: 83164NA49<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    159094 | PA      | $165129.03    | 0.06%             | 2032-02-25      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140L0H59<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1305789 | PA      | $1113857.13   | 0.42%             | 2051-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Helios Issuer, LLC                            | Sunnova Helios VII Issuer LLC                                                   | CUSIP: 86745RAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    190932 | PA      | $113862.17    | 0.04%             | 2048-10-20      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| SANOFI SA                                     | Sanofi SA                                                                       | CUSIP: 801060AJ3<br>LEI: 549300E9PC51EN656011 | Long             | DBT              | CORP              | FR        |   2605000 | PA      | $2600722.51   | 0.98%             | 2032-11-03      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD & CO.                       | Small Business Administration Pools                                             | CUSIP: 83164M7D5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    148874 | PA      | $154147.95    | 0.06%             | 2031-07-25      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| FRESB Multifamily Mortgage Pas                | FRESB 2019-SB59 Mortgage Trust                                                  | CUSIP: 302970AG3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    118329 | PA      | $116778.62    | 0.04%             | 2029-01-25      | Variable      | 3.47%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QNB76<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1340605 | PA      | $1192890.71   | 0.45%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| INT DEVELOPMENT FIN CORP                      | United States International Development Finance Corp                            | CUSIP: 690353P76<br>LEI: 254900QI8QTIK0FY6E92 | Long             | DBT              | USGA              | US        |   2014570 | PA      | $2014570.00   | 0.76%             | 2040-07-07      | Floating      | 4.14%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KLSH1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    405337 | PA      | $330935.81    | 0.12%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| IDAHO ENERGY RESOURCES AUTH TR                | Idaho Energy Resources Authority                                                | CUSIP: 451174AX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $351960.11    | 0.13%             | 2046-09-01      | Fixed         | 2.86%                 | No            |                  2 | On Loan: No      |
| MOMENTUS SECURITIES LLC                       | Small Business Administration Pools                                             | CUSIP: 8316A02Z2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    179565 | PA      | $199334.04    | 0.08%             | 2035-04-25      | Floating      | 9.11%                 | No            |                  2 | On Loan: No      |
| MOMENTUS SECURITIES LLC                       | Small Business Administration Pools                                             | CUSIP: 8316A0ZX1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    783818 | PA      | $865319.11    | 0.33%             | 2035-02-25      | Floating      | 9.11%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                | Ginnie Mae II Pool                                                              | CUSIP: 3617BWKV6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     53725 | PA      | $51677.76     | 0.02%             | 2048-04-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    262500 | PA      | $3660.14      | 0.00%             | 2034-03-28      | Fixed         | 0.73%                 | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMBIA HSG FIN A                | District of Columbia Housing Finance Agency                                     | CUSIP: 254768VL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $530426.39    | 0.20%             | 2031-03-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P                | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137F72G9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    287886 | PA      | $241691.86    | 0.09%             | 2036-01-25      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND INFRASTRUCTURE BA                | Rhode Island Infrastructure Bank State Revolving Fund                           | CUSIP: 76223MAH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $938886.26    | 0.35%             | 2028-10-01      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA WTR AUTH                    | San Diego County Water Authority                                                | CUSIP: 797412DP5<br>LEI: 549300Y0QN5OFKA1G520 | Long             | DBT              | MUN               | US        |    125000 | PA      | $121043.56    | 0.05%             | 2027-05-01      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| MOMENTUS SECURITIES LLC                       | Small Business Administration Pools                                             | CUSIP: 8316AGAP0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    154764 | PA      | $175822.66    | 0.07%             | 2035-03-25      | Fixed         | 10.61%                | No            |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC                      | Thermo Fisher Scientific Inc                                                    | CUSIP: 883556DF6<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |   2285000 | PA      | $2272011.45   | 0.86%             | 2037-10-07      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A                | California Health Facilities Financing Authority                                | CUSIP: 13032UXW3<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    990000 | PA      | $840415.60    | 0.32%             | 2035-06-01      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| NATURE CONSERVANCY (THE)                      | Nature Conservancy/The                                                          | CUSIP: 63902HAJ8<br>LEI: 549300GJ1IZME7V1JJ28 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $984193.63    | 0.37%             | 2026-07-01      | Fixed         | 0.94%                 | No            |                  2 | On Loan: No      |
| SBA                                           | SBA                                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    139500 | PA      | $2722.23      | 0.00%             | 2031-09-16      | Fixed         | 1.23%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KH2G0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    373107 | PA      | $319770.98    | 0.12%             | 2050-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133ANHW7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    239256 | PA      | $204014.24    | 0.08%             | 2051-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| DH EUROPE FINANCE II                          | DH Europe Finance II Sarl                                                       | CUSIP: 23291KAH8<br>LEI: 222100KDGL314CKTZ511 | Long             | DBT              | CORP              | LU        |    995000 | PA      | $943007.51    | 0.35%             | 2029-11-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140LBAR4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    300000 | PA      | $261498.38    | 0.10%             | 2031-03-01      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140KAYP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    385827 | PA      | $329116.00    | 0.12%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & CO                         | Becton Dickinson & Co                                                           | CUSIP: 075887CU1<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |   2780000 | PA      | $2854595.63   | 1.07%             | 2029-06-07      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140HBPZ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     39904 | PA      | $38572.37     | 0.01%             | 2048-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140LPYN6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6666930 | PA      | $5451186.03   | 2.05%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST CAPITOL IMPT AUTH                 | Oklahoma Capitol Improvement Authority                                          | CUSIP: 679088KK9<br>LEI: 549300LYHYBINTZ5AY71 | Long             | DBT              | MUN               | US        |    745000 | PA      | $713956.25    | 0.27%             | 2029-07-01      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| MOMENTUS SECURITIES LLC                       | Small Business Administration Pools                                             | CUSIP: 8316A02Y5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    456543 | PA      | $501749.02    | 0.19%             | 2035-04-25      | Floating      | 8.86%                 | No            |                  2 | On Loan: No      |
| OREGON ST                                     | State of Oregon                                                                 | CUSIP: 68609TVP0<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    345000 | PA      | $333561.64    | 0.13%             | 2027-06-01      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| SANTA CLARA VLY CA WTR DIST CO                | Santa Clara Valley Water District                                               | CUSIP: 80168FPD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $353372.25    | 0.13%             | 2031-06-01      | Fixed         | 1.78%                 | No            |                  2 | On Loan: No      |
| MOMENTUS SECURITIES LLC                       | Small Business Administration Pools                                             | CUSIP: 8316A0YE4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    412296 | PA      | $452149.15    | 0.17%             | 2034-12-25      | Floating      | 8.86%                 | No            |                  2 | On Loan: No      |
| MOMENTUS SECURITIES LLC                       | Small Business Administration Pools                                             | CUSIP: 8316A0ZW3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    243674 | PA      | $280468.47    | 0.11%             | 2035-03-25      | Floating      | 10.61%                | No            |                  2 | On Loan: No      |
| RAYMOND JAMES BANK, N.A.                      | Small Business Administration Pools                                             | CUSIP: 83164MHG7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      5455 | PA      | $5450.41      | 0.00%             | 2028-02-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                                | Small Business Administration Pools                                             | CUSIP: 83164M2L2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     30284 | PA      | $31668.50     | 0.01%             | 2030-07-25      | Floating      | 8.82%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QKRA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    907577 | PA      | $774175.82    | 0.29%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SWCH Commercial Mortgage Trust                | SWCH Commercial Mortgage Trust 2025-DATA                                        | CUSIP: 78489CAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1550000 | PA      | $1531780.85   | 0.58%             | 2042-02-15      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                                | Small Business Administration Pools                                             | CUSIP: 83165BAB8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      9889 | PA      | $10143.32     | 0.00%             | 2028-11-25      | Floating      | 8.24%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    389700 | PA      | $2696.18      | 0.00%             | 2046-05-17      | Floating      | 0.28%                 | No            |                  2 | On Loan: No      |
| NATURE CONSERVANCY (THE)                      | Nature Conservancy/The                                                          | CUSIP: 63902HAK5<br>LEI: 549300GJ1IZME7V1JJ28 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $956087.46    | 0.36%             | 2027-07-01      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133ANHV9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    677799 | PA      | $552676.91    | 0.21%             | 2051-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                                | Small Business Administration Pools                                             | CUSIP: 83164NAF4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     73775 | PA      | $76718.40     | 0.03%             | 2031-04-25      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                | Ginnie Mae I Pool                                                               | CUSIP: 3617AUEM8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     20406 | PA      | $19646.60     | 0.01%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QP5Z6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1702383 | PA      | $1670297.03   | 0.63%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Gold Pool                                                           | CUSIP: 3132LA6S6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    168586 | PA      | $158177.19    | 0.06%             | 2049-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    103500 | PA      | $1094.70      | 0.00%             | 2031-08-15      | Floating      | 0.78%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Gold Pool                                                           | CUSIP: 3132LALR1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     39169 | PA      | $37815.11     | 0.01%             | 2048-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Gold Pool                                                           | CUSIP: 3132Y3QF4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     36743 | PA      | $35429.34     | 0.01%             | 2048-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QSSQ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1941464 | PA      | $1987874.59   | 0.75%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SBA                                           | SBA                                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    450000 | PA      | $3426.89      | 0.00%             | 2031-09-01      | Fixed         | 0.48%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KMYD1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2205430 | PA      | $2044204.48   | 0.77%             | 2052-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MOMENTUS SECURITIES LLC                       | Small Business Administration Pools                                             | CUSIP: 8316AGAM7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    254342 | PA      | $291841.88    | 0.11%             | 2034-05-25      | Fixed         | 10.62%                | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140NUV63<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3003357 | PA      | $3134639.26   | 1.18%             | 2031-06-01      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| MARQUETTE MI BROWNFIELD REDEV                 | Marquette Brownfield Redevelopment Authority                                    | CUSIP: 57143YBU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $94122.23     | 0.04%             | 2027-05-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140Q8FJ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     13860 | PA      | $13010.95     | 0.00%             | 2048-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QHBS3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    301926 | PA      | $246474.76    | 0.09%             | 2051-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER CA PWR AUTH REVENUE                 | Lancaster Power Authority                                                       | CUSIP: 513793BC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $450962.43    | 0.17%             | 2034-11-01      | Fixed         | 2.68%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QAZW3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    181438 | PA      | $169902.85    | 0.06%             | 2049-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TEMPLE TX UTILITY SYTEM REVENU                | City of Temple TX Utility System Revenue                                        | CUSIP: 880162JC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $642838.24    | 0.24%             | 2029-08-01      | Fixed         | 1.80%                 | 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        |   1500000 | PA      | $469970.56    | 0.18%             | 2029-04-16      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    135000 | PA      | $578.80       | 0.00%             | 2034-04-01      | Fixed         | 0.23%                 | No            |                  2 | On Loan: No      |
| FRESB Multifamily Mortgage Pas                | FRESB 2018-SB48 Mortgage Trust                                                  | CUSIP: 30296RAP5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     40825 | PA      | $40424.11     | 0.02%             | 2028-02-25      | Variable      | 3.36%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QAQ45<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     42096 | PA      | $40692.06     | 0.02%             | 2049-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN BUENAVENTURA CA WTR REVENU                | City of San Buenaventura CA                                                     | CUSIP: 797055DL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $350000.00    | 0.13%             | 2026-01-01      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    404563 | PA      | $10296.38     | 0.00%             | 2046-04-15      | Floating      | 1.03%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QAPS3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     42228 | PA      | $40755.49     | 0.02%             | 2049-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    187500 | PA      | $2614.39      | 0.00%             | 2034-03-28      | Fixed         | 0.73%                 | No            |                  2 | On Loan: No      |
| NARRAGANSETT BAY RI COMMISSION                | Narragansett Bay Commission                                                     | CUSIP: 631060CT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $355631.10    | 0.13%             | 2032-09-01      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    179309 | PA      | $768.77       | 0.00%             | 2034-03-01      | Fixed         | 0.23%                 | No            |                  2 | On Loan: No      |
| LANCASTER CA PWR AUTH REVENUE                 | Lancaster Power Authority                                                       | CUSIP: 513793BB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $456994.97    | 0.17%             | 2033-11-01      | Fixed         | 2.56%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST                                   | State of Michigan                                                               | CUSIP: 594612ES8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $204144.89    | 0.08%             | 2030-05-15      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| MOMENTUS SECURITIES LLC                       | Small Business Administration Pools                                             | CUSIP: 8316AGAN5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    624877 | PA      | $732453.52    | 0.28%             | 2034-10-25      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140NVHZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2225000 | PA      | $2277694.45   | 0.86%             | 2029-06-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| NATURE CONSERVANCY (THE)                      | Nature Conservancy/The                                                          | CUSIP: 63902HAR0<br>LEI: 549300GJ1IZME7V1JJ28 | Long             | DBT              | CORP              | US        |     53000 | PA      | $43365.29     | 0.02%             | 2033-07-01      | Fixed         | 1.86%                 | No            |                  2 | On Loan: No      |
| HCA INC                                       | HCA Inc                                                                         | CUSIP: 404119CY3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2343039.10   | 0.88%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMBIA HSG FIN A                | District of Columbia Housing Finance Agency                                     | CUSIP: 254768VE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $188125.76    | 0.07%             | 2027-09-01      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KMQ32<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    163347 | PA      | $139134.97    | 0.05%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| INT DEVELOPMENT FIN CORP                      | United States International Development Finance Corp                            | CUSIP: 90376PDF5<br>LEI: 254900QI8QTIK0FY6E92 | Long             | DBT              | USGA              | US        |   1000000 | PA      | $963311.50    | 0.36%             | 2028-04-15      | Fixed         | 1.44%                 | No            |                  2 | On Loan: No      |
| CARROLL CNTY GA WTR AUTH                      | Carroll County Water Authority                                                  | CUSIP: 14478EGH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $276010.49    | 0.10%             | 2027-07-01      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY & CNTY CA P                | San Francisco City & County Public Utilities Commission Wastewater Revenue      | CUSIP: 79768HAG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102527.01    | 0.04%             | 2028-10-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX UTILITY SYS REVENUE                | City of Houston TX Combined Utility System Revenue                              | CUSIP: 44244CXQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $246562.60    | 0.09%             | 2026-11-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| INT DEVELOPMENT FIN CORP                      | United States International Development Finance Corp                            | CUSIP: 6903538C4<br>LEI: 254900QI8QTIK0FY6E92 | Long             | DBT              | USGA              | US        |    500000 | PA      | $575109.10    | 0.22%             | 2026-01-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P                | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137FKWZ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     35534 | PA      | $35535.85     | 0.01%             | 2028-12-25      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| Switch ABS Issuer, LLC                        | Switch ABS Issuer LLC                                                           | CUSIP: 871044AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    320000 | PA      | $323575.30    | 0.12%             | 2054-03-25      | Fixed         | 6.28%                 | No            |                  2 | On Loan: No      |
| Luminace ABS-2022 Issuer, LLC                 | Luminace ABS-2022 Issuer LLC                                                    | CUSIP: 55026CAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3012776 | PA      | $2980504.30   | 1.12%             | 2062-07-31      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3142GVTB7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2451178 | PA      | $2540662.48   | 0.96%             | 2055-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SANTA ROSA CA WSTWTR REVENUE                  | City of Santa Rosa CA Wastewater Revenue                                        | CUSIP: 802649TQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $675631.14    | 0.25%             | 2031-09-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| MACARTHUR FOUNDATION                          | John D and Catherine T MacArthur Foundation                                     | CUSIP: 477854AA1<br>LEI: UJ37UD5B4O5WRVV6NV96 | Long             | DBT              | CORP              | US        |    400000 | PA      | $350469.16    | 0.13%             | 2030-12-01      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| J.V.B. FINANCIAL GROUP. LLC                   | Small Business Administration Pools                                             | CUSIP: 83164NBJ5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    581476 | PA      | $622915.35    | 0.23%             | 2046-08-25      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| NARRAGANSETT BAY RI COMMISSION                | Narragansett Bay Commission                                                     | CUSIP: 631060CR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1193847.98   | 0.45%             | 2030-09-01      | Fixed         | 2.09%                 | No            |                  2 | On Loan: No      |
| MEDTRONIC INC                                 | Medtronic Inc                                                                   | CUSIP: 585055BT2<br>LEI: D56MRZY2INAN94ZONZ37 | Long             | DBT              | CORP              | US        |    250000 | PA      | $245554.05    | 0.09%             | 2035-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ANDREW W MELLON FOUNDATI                      | Andrew W Mellon Foundation/The                                                  | CUSIP: 03444RAB4<br>LEI: HVIJIPOQ5TXYVD3NET54 | Long             | DBT              | CORP              | US        |    350000 | PA      | $335138.12    | 0.13%             | 2027-08-01      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.   | US 5YR NOTE (CBT)                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -70 | NC      | $-23103.50    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140H1WT3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      8994 | PA      | $8661.81      | 0.00%             | 2048-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                        | GE HealthCare Technologies Inc                                                  | CUSIP: 36266GAE7<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |   1370000 | PA      | $1368853.79   | 0.52%             | 2035-12-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KPH76<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1815194 | PA      | $1731129.32   | 0.65%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOLVENTUM CORP                                | Solventum Corp                                                                  | CUSIP: 83444MAN1<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |    511000 | PA      | $518336.25    | 0.20%             | 2027-02-25      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| ROCHE HOLDINGS INC                            | Roche Holdings Inc                                                              | CUSIP: 771196CU4<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |   1825000 | PA      | $1816881.46   | 0.68%             | 2035-12-02      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| Helios Issuer, LLC                            | Sunnova Helios XI Issuer LLC                                                    | CUSIP: 86746AAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1789705 | PA      | $1166114.56   | 0.44%             | 2050-05-20      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| HIDALGO CNTY TX DRAIN DIST #1                 | Hidalgo County Drain District No 1                                              | CUSIP: 429335LS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $270247.67    | 0.10%             | 2026-09-01      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| SALT LAKE & SANDY UT MET WTR D                | Metropolitan Water District of Salt Lake & Sandy                                | CUSIP: 795560DS7<br>LEI: 549300WSGSDWQU727366 | Long             | DBT              | MUN               | US        |    520000 | PA      | $492795.89    | 0.19%             | 2028-07-01      | Fixed         | 1.52%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QPXA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1935441 | PA      | $1899262.16   | 0.71%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NY STATE ELECTRIC & GAS                       | New York State Electric & Gas Corp                                              | CUSIP: 649840CX1<br>LEI: 549300GEC6J0YHUXA160 | Long             | DBT              | CORP              | US        |   3400000 | PA      | $3426759.23   | 1.29%             | 2035-08-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    149272 | PA      | $5645.34      | 0.00%             | 2033-08-10      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QQYS8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    867717 | PA      | $905687.45    | 0.34%             | 2052-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PALM COAST FL UTILITY SYS REVE                | City of Palm Coast FL Utility Revenue                                           | CUSIP: 69661KDH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1878990.02   | 0.71%             | 2028-10-01      | Fixed         | 1.44%                 | No            |                  2 | On Loan: No      |
| HENDERSON NV                                  | City of Henderson NV                                                            | CUSIP: 4252007E6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $241503.39    | 0.09%             | 2028-06-01      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140H36G6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     19144 | PA      | $18437.37     | 0.01%             | 2048-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KHS56<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    165442 | PA      | $148191.06    | 0.06%             | 2050-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140HWC34<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3004304 | PA      | $2851716.61   | 1.07%             | 2029-10-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                           | Elevance Health Inc                                                             | CUSIP: 036752AY9<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   3100000 | PA      | $3195296.66   | 1.20%             | 2029-06-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI                       | City & County of Honolulu HI                                                    | CUSIP: 438687SA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $657521.32    | 0.25%             | 2028-07-01      | Fixed         | 1.47%                 | No            |                  2 | On Loan: No      |
| FRESB Multifamily Mortgage Pas                | FRESB 2021-SB87 Mortgage Trust                                                  | CUSIP: 30320VAA9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    861722 | PA      | $854625.34    | 0.32%             | 2041-04-25      | Variable      | 0.78%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    187500 | PA      | $803.89       | 0.00%             | 2034-04-01      | Fixed         | 0.23%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    443934 | PA      | $3190.46      | 0.00%             | 2031-06-15      | Floating      | 0.53%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140KTLD5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    188307 | PA      | $153919.94    | 0.06%             | 2050-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HIDALGO CNTY TX DRAIN DIST #1                 | Hidalgo County Drain District No 1                                              | CUSIP: 429335LT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $216522.78    | 0.08%             | 2027-09-01      | Fixed         | 1.35%                 | 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        |    560511 | NS      | $560510.79    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CALIFORNIA ST DEPT OF WTR RESO                | State of California Department of Water Resources                               | CUSIP: 13067WRD6<br>LEI: 549300X618YEC5LGBQ98 | Long             | DBT              | MUN               | US        |    100000 | PA      | $97483.28     | 0.04%             | 2026-12-01      | Fixed         | 0.92%                 | No            |                  2 | On Loan: No      |
| AGILENT TECHNOLOGIES INC                      | Agilent Technologies Inc                                                        | CUSIP: 00846UAL5<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2483407.95   | 0.93%             | 2029-09-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KMFL4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1317373 | PA      | $1122921.20   | 0.42%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ASTRAZENECA FINANCE LLC                       | Astrazeneca Finance LLC                                                         | CUSIP: 04636NAN3<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | US        |   2650000 | PA      | $2741817.41   | 1.03%             | 2034-02-26      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140Q8FG5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     29637 | PA      | $28625.62     | 0.01%             | 2048-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER CA PWR AUTH REVENUE                 | Lancaster Power Authority                                                       | CUSIP: 513793BD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $639652.31    | 0.24%             | 2035-11-01      | Fixed         | 2.79%                 | No            |                  2 | On Loan: No      |
| MOMENTUS SECURITIES LLC                       | Small Business Administration Pools                                             | CUSIP: 8316A0YA2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    242448 | PA      | $261301.96    | 0.10%             | 2034-12-25      | Floating      | 8.11%                 | No            |                  2 | On Loan: No      |
| WALNUT VLY CA WTR DIST WTR REV                | Walnut Valley Water District/CA                                                 | CUSIP: 933002AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $311349.26    | 0.12%             | 2026-06-01      | Fixed         | 0.96%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140H6WU9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     34808 | PA      | $33522.74     | 0.01%             | 2048-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMBIA HSG FIN A                | District of Columbia Housing Finance Agency                                     | CUSIP: 254768VF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $191141.20    | 0.07%             | 2028-03-01      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMBIA HSG FIN A                | District of Columbia Housing Finance Agency                                     | CUSIP: 254768VG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $127618.64    | 0.05%             | 2028-09-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140H4Q80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     41588 | PA      | $40321.59     | 0.02%             | 2047-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                                | Small Business Administration Pools                                             | CUSIP: 83164M5V7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     50528 | PA      | $53709.31     | 0.02%             | 2031-01-25      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| HCA INC                                       | HCA Inc                                                                         | CUSIP: 404119DH9<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   2030000 | PA      | $1938218.85   | 0.73%             | 2055-11-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KLX28<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    755693 | PA      | $644851.61    | 0.24%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    127500 | PA      | $4821.94      | 0.00%             | 2033-11-16      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QAZR4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    250691 | PA      | $234202.12    | 0.09%             | 2049-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    212509 | PA      | $7022.15      | 0.00%             | 2033-09-08      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                        | UnitedHealth Group Inc                                                          | CUSIP: 91324PFA5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2566079.65   | 0.97%             | 2031-04-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| WSTRN NASSAU CNTY NY WTR AUTH                 | Western Nassau County Water Authority                                           | CUSIP: 958792FN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $514649.60    | 0.19%             | 2034-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KLAC1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    286215 | PA      | $233648.96    | 0.09%             | 2051-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| TUCSON AZ WTR REVENUE                         | City of Tucson AZ Water System Revenue                                          | CUSIP: 898797HY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $228649.88    | 0.09%             | 2030-07-01      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.   | US LONG BOND(CBT)                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       135 | NC      | $-75121.44    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140NYDD0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1534000 | PA      | $1557798.77   | 0.59%             | 2030-02-01      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| Dext ABS                                      | Dext ABS 2025-2 LLC                                                             | CUSIP: 252153AE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1545000 | PA      | $1544000.22   | 0.58%             | 2036-04-15      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| Switch ABS Issuer, LLC                        | Switch ABS Issuer LLC                                                           | CUSIP: 871044AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    825000 | PA      | $823527.66    | 0.31%             | 2054-06-25      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KG3W6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     48446 | PA      | $43469.45     | 0.02%             | 2049-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QS5W7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1821647 | PA      | $1903968.34   | 0.72%             | 2053-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KNQM8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1726418 | PA      | $1536193.28   | 0.58%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HIDALGO CNTY TX DRAIN DIST #1                 | Hidalgo County Drain District No 1                                              | CUSIP: 429335LV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $277684.30    | 0.10%             | 2029-09-01      | Fixed         | 1.67%                 | No            |                  2 | On Loan: No      |
| BX Trust                                      | BX Commercial Mortgage Trust 2022-AHP                                           | CUSIP: 05610FAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2800000 | PA      | $2794246.09   | 1.05%             | 2039-01-17      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                | Government National Mortgage Association                                        | CUSIP: 38380JLN6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     27636 | PA      | $24459.71     | 0.01%             | 2059-03-16      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| DALLAS TX AREA RAPID TRANSIT S                | Dallas Area Rapid Transit                                                       | CUSIP: 235241VQ6<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |    800000 | PA      | $705025.63    | 0.27%             | 2032-12-01      | Fixed         | 2.18%                 | No            |                  2 | On Loan: No      |
| AMERICAN WATER CAPITAL C                      | American Water Capital Corp                                                     | CUSIP: 03040WBA2<br>LEI: 5IDHQUFVC8Q2KIBBFF06 | Long             | DBT              | CORP              | US        |   3150000 | PA      | $3154214.16   | 1.19%             | 2032-06-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140LB4Q3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3500000 | PA      | $3322682.29   | 1.25%             | 2028-04-01      | Fixed         | 1.53%                 | No            |                  2 | On Loan: No      |
| LANCASTER CA PWR AUTH REVENUE                 | Lancaster Power Authority                                                       | CUSIP: 513793AW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $269676.64    | 0.10%             | 2028-11-01      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                        | Verizon Communications Inc                                                      | CUSIP: 92343VHF4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2697968.54   | 1.02%             | 2033-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMBIA HSG FIN A                | District of Columbia Housing Finance Agency                                     | CUSIP: 254768VD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $189993.08    | 0.07%             | 2027-03-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CIVIC IMPT CORP WTR                | City of Phoenix Civic Improvement Corp                                          | CUSIP: 71883RRR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $724068.83    | 0.27%             | 2027-07-01      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| LOW INCOME INVESTMENT                         | Low Income Investment Fund                                                      | CUSIP: 54750AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    590000 | PA      | $588608.71    | 0.22%             | 2026-07-01      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| ROWLAND CA WTR DIST WTR REVENU                | Rowland Water District                                                          | CUSIP: 779657BG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $655348.14    | 0.25%             | 2036-12-01      | Fixed         | 2.56%                 | No            |                  2 | On Loan: No      |
| Helios Issuer VI, LLC                         | SUNNOVA HELIOS II ISSUER LLC 2021-B                                             | CUSIP: 86744TAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    832224 | PA      | $731706.05    | 0.28%             | 2048-07-20      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON                 | Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue | CUSIP: 592098X85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $155061.69    | 0.06%             | 2027-07-01      | Fixed         | 1.47%                 | No            |                  2 | On Loan: No      |
| OREGON ST                                     | State of Oregon                                                                 | CUSIP: 68609T7K8<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    700000 | PA      | $698705.87    | 0.26%             | 2030-05-01      | Fixed         | 3.89%                 | No            |                  2 | On Loan: No      |
| HIDALGO CNTY TX DRAIN DIST #1                 | Hidalgo County Drain District No 1                                              | CUSIP: 429335LU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $122598.15    | 0.05%             | 2028-09-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                | Eli Lilly & Co                                                                  | CUSIP: 532457CV8<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1747648.00   | 0.66%             | 2030-02-12      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QNSR4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2074843 | PA      | $1923003.03   | 0.72%             | 2052-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| RAYMOND JAMES BANK, N.A.                      | Small Business Administration Pools                                             | CUSIP: 83164MHN2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      7291 | PA      | $7414.99      | 0.00%             | 2028-02-25      | Floating      | 7.95%                 | No            |                  2 | On Loan: No      |
| FHN FINANCIAL CAPITAL MARKETS                 | Small Business Administration Pools                                             | CUSIP: 8316A0AN0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    175259 | PA      | $183325.48    | 0.07%             | 2032-01-25      | Floating      | 8.12%                 | No            |                  2 | On Loan: No      |
| SBA                                           | SBA                                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    270000 | PA      | $5268.83      | 0.00%             | 2031-08-02      | Fixed         | 1.23%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    447502 | PA      | $1395.67      | 0.00%             | 2031-03-15      | Floating      | 0.23%                 | No            |                  2 | On Loan: No      |
| BOSTON MA WTR & SWR COMMISSION                | Boston Water & Sewer Commission                                                 | CUSIP: 101029WZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $576110.73    | 0.22%             | 2027-11-01      | Fixed         | 1.37%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    222833 | PA      | $2356.86      | 0.00%             | 2031-04-15      | Floating      | 0.78%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                      | AT&T Inc                                                                        | CUSIP: 00206RND0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   3085000 | PA      | $2971588.28   | 1.12%             | 2045-11-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3142GVSJ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1883024 | PA      | $1948971.68   | 0.73%             | 2055-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY & CNTY CA                  | City & County of San Francisco CA                                               | CUSIP: 7976466A9<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |    100000 | PA      | $97335.32     | 0.04%             | 2027-06-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133BGGT9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1774204 | PA      | $1741313.97   | 0.66%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LOW INCOME INVESTMENT                         | Low Income Investment Fund                                                      | CUSIP: 54750AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1257570.01   | 0.47%             | 2029-07-01      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |     85000 | PA      | $760.54       | 0.00%             | 2034-04-01      | Fixed         | 0.48%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QQQV0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2122130 | PA      | $2175073.80   | 0.82%             | 2052-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CUCAMONGA VLY WTR DIST FING AU                | Cucamonga Valley Water District Financing Authority                             | CUSIP: 22972PCL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1496196.10   | 0.56%             | 2027-09-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| SANTA ROSA CA WSTWTR REVENUE                  | City of Santa Rosa CA Wastewater Revenue                                        | CUSIP: 802649TS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $260680.18    | 0.10%             | 2033-09-01      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140Y7BR8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4752556 | PA      | $4979386.70   | 1.87%             | 2055-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ASTRAZENECA FINANCE LLC                       | Astrazeneca Finance LLC                                                         | CUSIP: 04636NAB9<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | US        |    490000 | PA      | $445596.92    | 0.17%             | 2031-05-28      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI BRD OF                | Honolulu City & County Board of Water Supply                                    | CUSIP: 438689LQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $244057.46    | 0.09%             | 2027-07-01      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| LANCASTER CA PWR AUTH REVENUE                 | Lancaster Power Authority                                                       | CUSIP: 513793AV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $230804.79    | 0.09%             | 2027-11-01      | Fixed         | 1.67%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH HS                | Connecticut Housing Finance Authority                                           | CUSIP: 20775H8B2<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   2775000 | PA      | $2794291.32   | 1.05%             | 2028-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                    | AbbVie Inc                                                                      | CUSIP: 00287YDS5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2254630.49   | 0.85%             | 2029-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                                | Small Business Administration Pools                                             | CUSIP: 83164ML64<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     25802 | PA      | $26803.96     | 0.01%             | 2043-09-25      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140KGWB5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    107505 | PA      | $92070.06     | 0.03%             | 2050-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KHUU8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    145568 | PA      | $124803.92    | 0.05%             | 2050-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD & CO.                       | Small Business Administration Pools                                             | CUSIP: 83165A6D1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     17748 | PA      | $18815.28     | 0.01%             | 2043-03-25      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| MOMENTUS SECURITIES LLC                       | Small Business Administration Pools                                             | CUSIP: 8316A0XF2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    465294 | PA      | $530957.32    | 0.20%             | 2034-10-25      | Floating      | 10.86%                | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST BAY TRANSPRTN                | Massachusetts Bay Transportation Authority Sales Tax Revenue                    | CUSIP: 575579M79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $923090.85    | 0.35%             | 2033-07-01      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| MARY FREE BED REHAB HSP                       | Mary Free Bed Rehabilitation Hospital                                           | CUSIP: 57388MAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1200000 | PA      | $892672.84    | 0.34%             | 2051-04-01      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133ACLL0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    164514 | PA      | $134472.01    | 0.05%             | 2050-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133KJA51<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    129913 | PA      | $111301.74    | 0.04%             | 2050-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140KTLE3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    272209 | PA      | $234502.79    | 0.09%             | 2050-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A                | California Health Facilities Financing Authority                                | CUSIP: 13032UXQ6<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    250000 | PA      | $238552.27    | 0.09%             | 2028-06-01      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| SBA 7(a) Certificate of Originator's Fee      | SBA 7(a) Certificate of Originator's Fee                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    262500 | PA      | $3660.14      | 0.00%             | 2034-03-26      | Fixed         | 0.73%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                                | Small Business Administration Pools                                             | CUSIP: 83165BBY7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     24939 | PA      | $25930.88     | 0.01%             | 2029-06-25      | Floating      | 8.48%                 | No            |                  2 | On Loan: No      |
| HA SUSTAINABLE INF CAP                        | HA Sustainable Infrastructure Capital Inc                                       | CUSIP: 40408AAA9<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1438181.96   | 0.54%             | 2031-01-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                                | Small Business Administration Pools                                             | CUSIP: 83164M4H9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     32240 | PA      | $34099.66     | 0.01%             | 2030-10-25      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| SANTA CLARA VLY CA WTR DIST CO                | Santa Clara Valley Water District                                               | CUSIP: 80168FPE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $915488.63    | 0.34%             | 2032-06-01      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3138LCMJ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     50000 | PA      | $42735.55     | 0.02%             | 2045-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| KENVUE INC                                    | Kenvue Inc                                                                      | CUSIP: 49177JAH5<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2578202.74   | 0.97%             | 2030-03-22      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                                                | CUSIP: 3133C6S91<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1809235 | PA      | $1825104.55   | 0.69%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CUCAMONGA VLY WTR DIST FING AU                | Cucamonga Valley Water District Financing Authority                             | CUSIP: 22972PDS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $202556.96    | 0.08%             | 2027-09-01      | Fixed         | 1.54%                 | 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.