# EDGAR Filing Document

**Accession Number:** 0001272950
**File Stem:** 0001752724-23-049084
**Filing Date:** 2023-3
**Character Count:** 182016
**Document Hash:** 49251791fb8d188ec213eaec32b52f91
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-049084.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001752724-23-049084

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230301

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RBC FUNDS TRUST
- **CENTRAL INDEX KEY:** 0001272950
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21475
- **FILM NUMBER:** 23690800

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

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

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

## Series and Classes Contracts Data

### RBC 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 Impact Bond Fund

------

**December 31, 2022 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Principal<br>Amount** |  | **Value** |
|  **U.S. Government Agency Backed Mortgages — 27.78%** | **U.S. Government Agency Backed Mortgages — 27.78%** |  |
|  **Fannie Mae — 15.88%** | **Fannie Mae — 15.88%** |  |
| $50000 | Pool #AN0360, 3.95%, 12/1/45 | $44514 |
| 91492 | Pool #AN7868, 3.06%, 12/1/27 | 86120 |
| 9686 | Pool #BJ0657, 4.00%, 2/1/48 | 9233 |
| 33549 | Pool #BJ2670, 4.00%, 4/1/48 | 31980 |
| 59463 | Pool #BJ3178, 4.00%, 11/1/47 | 57362 |
| 37375 | Pool #BJ5158, 4.00%, 4/1/48 | 35627 |
| 42867 | Pool #BJ9439, 4.00%, 2/1/48 | 41135 |
| 49513 | Pool #BJ9477, 4.00%, 4/1/48 | 47514 |
| 47903 | Pool #BK7924, 4.00%, 11/1/48 | 45968 |
| 21770 | Pool #BO1263, 3.50%, 6/1/49 | 20194 |
| 808327 | Pool #BP3417, 2.50%, 5/1/51 | 688136 |
| 153027 | Pool #BP8741, 2.50%, 6/1/50 | 130767 |
| 303889 | Pool #BQ7523, 2.00%, 11/1/50 | 249012 |
| 346640 | Pool #BQ7524, 2.50%, 10/1/50 | 295786 |
| 863222 | Pool #BR1037, 2.50%, 5/1/51 | 734434 |
| 1595622 | Pool #BR2051, 2.50%, 6/1/51 | 1357563 |
| 300000 | Pool #BS0915, 1.62%, 3/1/31 | 242372 |
| 1092180 | Pool #BT0853, 2.50%, 5/1/51 | 926542 |
| 1566945 | Pool #BT8237, 4.00%, 6/1/52 | 1468763 |
| 44389 | Pool #CA1066, 4.00%, 1/1/48 | 42350 |
| 22119 | Pool #CA1068, 3.50%, 1/1/48 | 20452 |
| 35766 | Pool #CA2595, 4.50%, 11/1/48 | 35018 |
| 67514 | Pool #CA2912, 4.00%, 12/1/48 | 64893 |
| 45151 | Pool #CA3132, 4.00%, 2/1/49 | 43320 |
| 44750 | Pool #CA3174, 4.00%, 2/1/49 | 42943 |
| 267857 | Pool #CA3451, 3.50%, 5/1/49 | 246101 |
| 193330 | Pool #CA3456, 3.50%, 5/1/49 | 177627 |
| 369301 | Pool #CA9048, 2.00%, 2/1/51 | 302268 |
| 881971 | Pool #CB0437, 2.50%, 5/1/51 | 750830 |
| 1021972 | Pool #CB0480, 2.50%, 5/1/51 | 869499 |
| 593651 | Pool #CB0576, 2.50%, 5/1/51 | 505081 |
| 898956 | Pool #CB0689, 2.50%, 6/1/51 | 764836 |
| 1536498 | Pool #CB2761, 3.00%, 2/1/52 | 1351449 |
| 2315996 | Pool #CB3227, 3.50%, 3/1/52 | 2105215 |
| 2828026 | Pool #CB3764, 4.00%, 6/1/52 | 2650828 |
| 2110777 | Pool #CB3797, 4.00%, 6/1/52 | 1988812 |
| 2244669 | Pool #CB4208, 4.50%, 7/1/52 | 2160590 |
| 2276948 | Pool #CB4272, 4.50%, 7/1/52 | 2191673 |
| 2074076 | Pool #CB4314, 4.50%, 8/1/52 | 1996398 |
| 2005094 | Pool #CB4463, 4.50%, 8/1/52 | 1939481 |
| 2141348 | Pool #CB4767, 5.00%, 9/1/52 | 2125426 |
| 2352896 | Pool #CB4967, 5.50%, 10/1/52 | 2368727 |
| 1657383 | Pool #CB5166, 6.00%, 11/1/52 | 1682888 |

---

**1** 

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Impact Bond Fund (cont.)

------

**December 31, 2022 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Principal<br>Amount** |  | **Value** |
| $556090 | Pool #CB5202, 6.50%, 11/1/52 | $569754 |
| 1378551 | Pool #CB5220, 6.50%, 12/1/52 | 1412424 |
|  |  | 34921905 |
|  **Freddie Mac — 11.77%** | **Freddie Mac — 11.77%** |  |
| 39350 | Pool #Q59453, 4.00%, 11/1/48 | 37546 |
| 201659 | Pool #QB5731, 2.00%, 11/1/50 | 165243 |
| 200180 | Pool #QB5732, 2.50%, 11/1/50 | 170813 |
| 897228 | Pool #QC3844, 2.00%, 6/1/51 | 732447 |
| 291907 | Pool #QC3845, 2.50%, 6/1/51 | 248209 |
| 1306926 | Pool #QC7895, 2.00%, 9/1/51 | 1066089 |
| 791845 | Pool #QE4428, 4.00%, 6/1/52 | 742244 |
| 1992991 | Pool #QE6510, 4.50%, 7/1/52 | 1918369 |
| 87606 | Pool #RA1713, 3.00%, 11/1/49 | 77785 |
| 81197 | Pool #RA1714, 3.00%, 11/1/49 | 72095 |
| 138656 | Pool #RA2256, 3.00%, 3/1/50 | 123183 |
| 181081 | Pool #RA2340, 3.00%, 3/1/50 | 160839 |
| 171214 | Pool #RA2395, 2.50%, 4/1/50 | 146468 |
| 403882 | Pool #RA2575, 2.50%, 5/1/50 | 345382 |
| 141425 | Pool #RA2727, 2.00%, 5/1/50 | 116106 |
| 141035 | Pool #RA2728, 2.50%, 5/1/50 | 120563 |
| 359306 | Pool #RA2740, 2.50%, 6/1/50 | 307151 |
| 301026 | Pool #RA3680, 2.50%, 9/1/50 | 257050 |
| 210771 | Pool #RA3751, 2.00%, 10/1/50 | 172775 |
| 345286 | Pool #RA4503, 2.00%, 2/1/51 | 282612 |
| 330106 | Pool #RA4927, 2.00%, 3/1/51 | 269890 |
| 482954 | Pool #RA5020, 2.00%, 4/1/51 | 394707 |
| 925297 | Pool #RA5045, 2.50%, 5/1/51 | 787715 |
| 1279549 | Pool #RA5195, 2.50%, 5/1/51 | 1082825 |
| 901799 | Pool #RA5197, 2.50%, 5/1/51 | 767712 |
| 890267 | Pool #RA5234, 2.50%, 5/1/51 | 757445 |
| 470527 | Pool #RA5237, 2.50%, 5/1/51 | 400565 |
| 958739 | Pool #RA5380, 2.50%, 6/1/51 | 815701 |
| 1489498 | Pool #RA5571, 2.50%, 7/1/51 | 1265772 |
| 237979 | Pool #RA5621, 2.50%, 8/1/51 | 202234 |
| 790465 | Pool #RA5701, 2.00%, 8/1/51 | 644800 |
| 988194 | Pool #RA5796, 2.50%, 8/1/51 | 839266 |
| 193634 | Pool #RA5874, 2.50%, 9/1/51 | 164355 |
| 2486894 | Pool #RA6108, 3.50%, 3/1/52 | 2260572 |
| 2026916 | Pool #RA6760, 3.00%, 2/1/52 | 1782854 |
| 2287935 | Pool #RA7454, 4.00%, 6/1/52 | 2144618 |
| 1920040 | Pool #RA7714, 4.50%, 7/1/52 | 1848149 |
| 54303 | Pool #V84506, 4.00%, 7/1/48 | 51814 |
| 43113 | Pool #V84836, 4.00%, 11/1/48 | 41137 |
| 62167 | Pool #V85365, 3.50%, 4/1/49 | 57811 |
| 180576 | Pool #V85381, 3.50%, 4/1/49 | 166084 |
| 47538 | Series 2018-SB45, Class A10F, 3.16%, 11/25/27(a) | 45149 |
| 57943 | Series 2018-SB47, Class A10F, 3.35%, 1/25/28(a) | 54586 |

---

**2** 

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Impact Bond Fund (cont.)

------

**December 31, 2022 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Principal<br>Amount** |  | **Value** |
| $55061 | Series 2018-SB48, Class A10F, 3.35%, 2/25/28(a) | $51778 |
| 153695 | Series 2019-SB59, Class A10F, 3.47%, 1/25/29(a) | 146295 |
| 1388443 | Series 2021-SB87, Class A5H, 0.78%, 4/25/41(a) | 1243695 |
| 79403 | Series KF57, Class A, (LIBOR USD 1-Month + 0.540%), 4.68%, 12/25/28(b) | 78434 |
| 326504 | Series Q014, Class A1, 1.56%, 1/25/36(b) | 256892 |
|  |  | 25885824 |
|  **Ginnie Mae — 0.13%** | **Ginnie Mae — 0.13%** |  |
| 160567 | Pool #AC3667, 1.66%, 8/15/26 | 159632 |
| 33326 | Pool #BB3740, 4.00%, 11/15/47 | 32033 |
| 57646 | Pool #BE3008, 4.00%, 4/20/48 | 55343 |
| 30135 | Series 2018-2, Class AD, 2.40%, 3/16/59 | 27801 |
| 22204 | Series 2018-26, Class AD, 2.50%, 3/16/52 | 21129 |
|  |  | 295938 |
|  **Total U.S. Government Agency Backed Mortgages**<br> (Cost $68,655,532) | **Total U.S. Government Agency Backed Mortgages**<br> (Cost $68,655,532) | **61103667** |
|  **Corporate Bonds — 26.40%** | **Corporate Bonds — 26.40%** |  |
|  **Consumer, Non-cyclical — 14.74%** | **Consumer, Non-cyclical — 14.74%** |  |
| 545000 | AbbVie, Inc., 3.60%, 5/14/25 | 528268 |
| 2030000 | AbbVie, Inc., 3.80%, 3/15/25 | 1978891 |
| 1525000 | Amgen, Inc., 4.20%, 2/22/52 | 1224370 |
| 2892000 | Astrazeneca Finance LLC, 1.75%, 5/28/28 | 2483881 |
| 490000 | Astrazeneca Finance LLC, 2.25%, 5/28/31 | 407782 |
| 2500000 | Baxalta, Inc., 4.00%, 6/23/25 | 2435161 |
| 2000000 | Baxter International, Inc., 3.13%, 12/1/51 | 1306381 |
| 1000000 | Becton Dickinson and Co., 2.82%, 5/20/30 | 857199 |
| 398000 | Becton Dickinson and Co., 3.73%, 12/15/24 | 388035 |
| 1089000 | Becton Dickinson and Co., 4.67%, 6/6/47 | 960542 |
| 351000 | Becton Dickinson and Co., 4.69%, 12/15/44 | 312340 |
| 2000000 | California Endowment (The), MTN, 2.50%, 4/1/51 | 1238538 |
| 1300000 | Children's Hospital Medical Center, 2.82%, 11/15/50 | 825829 |
| 995000 | DH Europe Finance II Sarl, 2.60%, 11/15/29 | 870501 |
| 100000 | Doris Duke Charitable Foundation (The), Series 2020, 2.35%, 7/1/50 | 58321 |
| 1850000 | EMD Finance LLC, 3.25%, 3/19/25(c) | 1776388 |
| 1750000 | Fairview Health Services, Series 2021, 2.56%, 11/15/31 | 1339973 |
| 1500000 | Gilead Sciences, Inc., 3.65%, 3/1/26 | 1447917 |
| 1725000 | HCA, Inc., 4.63%, 3/15/52(c) | 1350921 |
| 400000 | John D and Catherine T MacArthur Foundation, 1.30%, 12/1/30 | 298609 |
| 2000000 | Kaiser Foundation Hospitals, Series 2021, 2.81%, 6/1/41 | 1449991 |
| 150000 | Kaiser Foundation Hospitals, 3.15%, 5/1/27 | 139860 |
| 1200000 | Mary Free Bed Rehabilitation Hospital, Series 2021, 3.79%, 4/1/51 | 942771 |
| 150000 | Mass General Brigham, Inc., Series 2020, 3.19%, 7/1/49 | 104355 |
| 250000 | Medtronic, Inc., 4.38%, 3/15/35 | 237102 |

---

**3** 

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Impact Bond Fund (cont.)

------

**December 31, 2022 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Principal<br>Amount** |  | **Value** |
| $2000000 | PerkinElmer, Inc., 3.63%, 3/15/51 | $1387046 |
| 250000 | Providence St. Joseph Health Obligated Group, Series H, 2.75%, 10/1/26 | 233398 |
| 2500000 | Reckitt Benckiser Treasury Services Plc, 3.00%, 6/26/27(c) | 2321805 |
| 2000000 | Southeast Alaska Regional Health Consortium, 2.26%, 7/1/31 | 1614896 |
| 2250000 | Thermo Fisher Scientific, Inc., 2.00%, 10/15/31 | 1820075 |
| 100000 | Trinity Health Corp., 4.13%, 12/1/45 | 83798 |
|  |  | 32424944 |
|  **Financial — 6.14%** | **Financial — 6.14%** |  |
| 350000 | Andrew W Mellon Foundation (The), Series 2020, 0.95%, 8/1/27 | 296950 |
| 250000 | BlueHub Loan Fund, Inc., Series 2020, 2.89%, 1/1/27 | 228335 |
| 2375000 | BlueHub Loan Fund, Inc., Series 2020, 3.10%, 1/1/30 | 2059300 |
| 1600000 | Bridge Housing Corp., 3.25%, 7/15/30 | 1383383 |
| 250000 | Community Preservation Corp. (The), Series 2020, 2.87%, 2/1/30 | 217250 |
| 2100000 | Healthcare Realty Holdings LP, REIT, 2.40%, 3/15/30 | 1620809 |
| 590000 | Low Income Investment Fund, Series 2019, 3.39%, 7/1/26 | 553570 |
| 1300000 | Low Income Investment Fund, Series 2019, 3.71%, 7/1/29 | 1219523 |
| 2000000 | National Community Renaissance of California, Series 2022, 3.27%, 12/1/32 | 1591908 |
| 2160000 | Preservation of Affordable Housing, Inc., 4.48%, 12/1/32 | 2031333 |
| 2500000 | Reinvestment Fund, Inc. (The), 3.93%, 2/15/28 | 2300263 |
|  |  | 13502624 |
|  **Industrial — 2.46%** | **Industrial — 2.46%** |  |
| 2600000 | Agilent Technologies, Inc., 2.75%, 9/15/29 | 2238974 |
| 1500000 | Empresa de Transporte de Pasajeros Metro SA, 3.65%, 5/7/30(d) | 1362522 |
| 1000000 | Nature Conservancy (The), Series A, 0.94%, 7/1/26 | 872157 |
| 1000000 | Nature Conservancy (The), Series A, 1.15%, 7/1/27 | 845994 |
| 70000 | Nature Conservancy (The), Series A, 1.51%, 7/1/29 | 55805 |
| 53000 | Nature Conservancy (The), Series A, 1.86%, 7/1/33 | 37304 |
|  |  | 5412756 |
|  **Utilities — 3.06%** | **Utilities — 3.06%** |  |
| 3150000 | American Water Capital Corp., 4.45%, 6/1/32 | 3022142 |
| 1534000 | Avangrid, Inc., 3.15%, 12/1/24 | 1470418 |
| 1350000 | Avangrid, Inc., 3.80%, 6/1/29 | 1226465 |
| 1060000 | Essential Utilities, Inc., 5.30%, 5/1/52 | 997618 |
|  |  | 6716643 |
|  **Total Corporate Bonds**<br> (Cost $68,376,624) | **Total Corporate Bonds**<br> (Cost $68,376,624) | **58056967** |

---

**4** 

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Impact Bond Fund (cont.)

------

**December 31, 2022 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Principal<br>Amount** |  | **Value** |
|  **Municipal Bonds — 20.45%** | **Municipal Bonds — 20.45%** |  |
|  **Alabama — 0.40%** | **Alabama — 0.40%** |  |
| $150000 | Water Works Board of the City of Birmingham Revenue, 2.60%, 1/1/27 | $137130 |
| 1000000 | Water Works Board of the City of Birmingham Revenue, 2.39%, 1/1/35, Callable 7/1/31 @ 100 | 751810 |
|  |  | 888940 |
|  **Arizona — 0.39%** | **Arizona — 0.39%** |  |
| 750000 | City of Phoenix Civic Improvement Corp. Revenue, Series C, 1.38%, 7/1/27 | 646540 |
| 250000 | City of Tucson Water System Revenue, 1.88%, 7/1/30 | 200446 |
|  |  | 846986 |
|  **Arkansas — 0.04%** | **Arkansas — 0.04%** |  |
| 100000 | City of Russellville Water & Sewer Revenue, Series B, 1.23%, 7/1/26, (Credit Support: BAM) | 86994 |
|  **California — 6.46%** | **California — 6.46%** |  |
| 150000 | California Health Facilities. Financing Authority Revenue, 2.02%, 6/1/24 | 143870 |
| 250000 | California Health Facilities. Financing Authority Revenue, 1.68%, 6/1/28 | 209776 |
| 815000 | California Health Facilities. Financing Authority Revenue, 1.98%, 6/1/30 | 656668 |
| 990000 | California Health Facilities. Financing Authority Revenue, 2.53%, 6/1/35 | 746416 |
| 460000 | Calleguas Municipal Water District Revenue, Series A, 2.52%, 7/1/36 | 339333 |
| 135000 | City & County of San Francisco GO, Series A, 2.82%, 6/15/24 | 131812 |
| 100000 | City & County of San Francisco GO, 1.95%, 6/15/27 | 89483 |
| 100000 | City of Los Angeles Housing GO, Series A, 2.95%, 9/1/28, Callable 9/1/27 @ 100 | 90427 |
| 350000 | City of San Buenaventura Revenue, 1.17%, 1/1/26 | 313242 |
| 1580000 | City of San Francisco Public Utilities Commission Water Revenue, Series G, 1.79%, 11/1/30 | 1248106 |
| 750000 | City of Santa Rosa Wastewater Revenue, Series B, Series B, 2.12%, 9/1/31 | 591860 |
| 300000 | City of Santa Rosa Wastewater Revenue, Series B, 2.32%, 9/1/33 | 229653 |
| 100000 | City of Sunnyvale Wastewater Revenue, Series A, 3.20%, 4/1/26 | 95213 |
| 210000 | Cucamonga Valley Water District Financing Authority Revenue, Series A, 1.54%, 9/1/27 | 178985 |
| 1500000 | Cucamonga Valley Water District Financing Authority Revenue, Series B, 3.60%, 9/1/27 | 1404979 |
| 150000 | Escondido Joint Powers Financing Authority Revenue, Series B, 2.44%, 9/1/25 | 140304 |
| 150000 | Kern Community College District GO, 2.54%, 11/1/26 | 138139 |

---

**5** 

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Impact Bond Fund (cont.)

------

**December 31, 2022 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Principal<br>Amount** |  | **Value** |
| $190000 | Lancaster Power Authority Revenue, 0.87%, 11/1/24, (Credit Support: AGM) | $175589 |
| 240000 | Lancaster Power Authority Revenue, 1.67%, 11/1/27, (Credit Support: AGM) | 203786 |
| 285000 | Lancaster Power Authority Revenue, 1.92%, 11/1/28, (Credit Support: AGM) | 238057 |
| 525000 | Lancaster Power Authority Revenue, 2.56%, 11/1/33, (Credit Support: AGM), Callable 11/1/31 @ 100 | 404356 |
| 525000 | Lancaster Power Authority Revenue, 2.68%, 11/1/34, (Credit Support: AGM), Callable 11/1/31 @ 100 | 400560 |
| 755000 | Lancaster Power Authority Revenue, 2.79%, 11/1/35, (Credit Support: AGM), Callable 11/1/31 @ 100 | 571654 |
| 300000 | Riverside Community College District GO, 0.82%, 8/1/25 | 269886 |
| 200000 | Rosemead School District GO, Series A, 2.17%, 8/1/25 | 186935 |
| 250000 | Rowland Water District Revenue, Series A, 1.61%, 12/1/29 | 199053 |
| 1000000 | Rowland Water District Revenue, Series A, 1.91%, 12/1/31 | 766858 |
| 800000 | Rowland Water District Revenue, Series A, Series A, 2.56%, 12/1/36, Callable 12/1/31 @ 100 | 583187 |
| 125000 | San Diego County Water Authority Revenue, Series A, 1.17%, 5/1/27 | 107175 |
| 100000 | San Francisco City & County Public Utilities Commission Wastewater Revenue, 5.40%, 10/1/28 | 102066 |
| 400000 | Santa Clara Valley Water District Certificate Participation, Series D, 1.78%, 6/1/31, Callable 6/1/30 @ 100 | 312114 |
| 1060000 | Santa Clara Valley Water District Certificate Participation, Series D, 1.88%, 6/1/32, Callable 6/1/30 @ 100 | 811064 |
| 950000 | Santa Clara Valley Water District Certificate Participation, Series D, 2.08%, 6/1/34, Callable 6/1/30 @ 100 | 703214 |
| 600000 | Sonoma-Marin Area Rail Transit District Revenue, Series A, 2.02%, 3/1/28 | 518948 |
| 100000 | State of California Department of Water Resources Revenue, 0.92%, 12/1/26 | 85857 |
| 315000 | Walnut Valley Water District Revenue, Series A, 0.96%, 6/1/26 | 277293 |
| 320000 | Walnut Valley Water District Revenue, Series A, 1.17%, 6/1/27 | 273996 |
| 325000 | Walnut Valley Water District Revenue, Series A, 1.37%, 6/1/28 | 271641 |
|  |  | 14211555 |
|  **Colorado — 0.13%** | **Colorado — 0.13%** |  |
| 50000 | Denver City & County School District No 1 GO, Series B, 2.99%, 12/1/24, (Credit Support: State Aid Withholding) | 47994 |
| 275000 | Parker Water & Sanitation District GO, 2.10%, 8/1/29 | 232633 |
|  |  | 280627 |
|  **Connecticut — 0.18%** | **Connecticut — 0.18%** |  |
| 325000 | Connecticut Green Bank Revenue, 1.95%, 11/15/28 | 271911 |
| 150000 | South Central Connecticut Regional Water Authority Revenue, Series B, 2.86%, 8/1/30, Callable 8/1/29 @ 100 | 125260 |
|  |  | 397171 |

---

**6** 

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Impact Bond Fund (cont.)

------

**December 31, 2022 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Principal<br>Amount** |  | **Value** |
|  **District of Columbia — 0.91%** | **District of Columbia — 0.91%** |  |
| $340000 | District of Columbia Housing Finance Agency Revenue, Series A, 1.05%, 3/1/25, (Credit Support: FHA) | $313876 |
| 155000 | District of Columbia Housing Finance Agency Revenue, Series A, 1.15%, 9/1/25, (Credit Support: FHA) | 140940 |
| 350000 | District of Columbia Housing Finance Agency Revenue, Series A, 1.20%, 3/1/26, (Credit Support: FHA) | 313301 |
| 195000 | District of Columbia Housing Finance Agency Revenue, Series A, 1.50%, 3/1/27, (Credit Support: FHA) | 170780 |
| 195000 | District of Columbia Housing Finance Agency Revenue, Series A, 1.60%, 9/1/27, (Credit Support: FHA) | 168883 |
| 200000 | District of Columbia Housing Finance Agency Revenue, Series A, 1.70%, 3/1/28, (Credit Support: FHA) | 171535 |
| 135000 | District of Columbia Housing Finance Agency Revenue, Series A, 1.75%, 9/1/28, (Credit Support: FHA) | 114553 |
| 140000 | District of Columbia Housing Finance Agency Revenue, Series A, 1.95%, 9/1/29, (Credit Support: FHA) | 116964 |
| 590000 | District of Columbia Housing Finance Agency Revenue, Series A, 2.15%, 3/1/31, (Credit Support: FHA), Callable 3/1/30 @ 100 | 481274 |
|  |  | 1992106 |
|  **Florida — 0.76%** | **Florida — 0.76%** |  |
| 2000000 | City of Palm Coast Utility Revenue, 1.44%, 10/1/28 | 1668412 |
|  **Georgia — 0.31%** | **Georgia — 0.31%** |  |
| 285000 | Carroll County Water Authority Revenue, Series B, 1.51%, 7/1/27 | 245645 |
| 75000 | Macon-Bibb County Urban Development Authority Revenue, Series A, 3.00%, 12/1/24, (Credit Support: County Guaranteed) | 70765 |
| 425000 | Tift County Hospital Authority Revenue, 1.05%, 12/1/25, (Credit Support: County Guaranteed) | 374243 |
|  |  | 690653 |
|  **Hawaii — 0.37%** | **Hawaii — 0.37%** |  |
| 695000 | City & County of Honolulu GO, Series C, 1.47%, 7/1/28 | 588318 |
| 250000 | Honolulu City & County Board of Water Supply Revenue, Series B, 1.98%, 7/1/27 | 219135 |
|  |  | 807453 |
|  **Idaho — 0.16%** | **Idaho — 0.16%** |  |
| 500000 | Idaho Energy Resources Authority Revenue, 2.86%, 9/1/46 | 344062 |
|  **Iowa — 0.04%** | **Iowa — 0.04%** |  |
| 100000 | Northeast Iowa Community College GO, Series 1, 3.45%, 6/1/26, Callable 6/1/24 @ 100 | 96105 |

---

**7** 

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Impact Bond Fund (cont.)

------

**December 31, 2022 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Principal<br>Amount** |  | **Value** |
|  **Maryland — 0.08%** | **Maryland — 0.08%** |  |
| $225000 | City of Baltimore Revenue, Series B, 1.58%, 7/1/28 | $186491 |
|  **Massachusetts — 0.59%** | **Massachusetts — 0.59%** |  |
| 600000 | Boston Water & Sewer Commission Revenue, 1.37%, 11/1/27 | 507295 |
| 1040000 | Massachusetts Bay Transportation Authority Sales Tax Revenue, Series B, 2.49%, 7/1/33, Callable 7/1/31 @ 100 | 790952 |
|  |  | 1298247 |
|  **Michigan — 0.98%** | **Michigan — 0.98%** |  |
| 750000 | City of Grand Rapids Sanitary Sewer System Revenue, 1.86%, 1/1/31 | 584317 |
| 1330000 | City of Grand Rapids Sanitary Sewer System Revenue, 2.01%, 1/1/32, Callable 1/1/31 @ 100 | 1020503 |
| 95000 | Marquette Brownfield Redevelopment Authority Revenue, 3.05%, 5/1/27, (Credit Support: Municipal Government Guaranteed), Callable 5/1/26 @ 100 | 87545 |
| 300000 | Romulus Community Schools GO, Series B, 1.00%, 5/1/25, (Credit Support: Q-SBLF) | 274850 |
| 225000 | State of Michigan GO, Series B, 1.54%, 5/15/30 | 178455 |
|  |  | 2145670 |
|  **Nebraska — 0.14%** | **Nebraska — 0.14%** |  |
| 100000 | City of Omaha Sewer Revenue, Series B, 1.04%, 4/1/26 | 89117 |
| 250000 | Papio-Missouri River Natural Resource District Special Tax, 2.20%, 12/15/25, Callable 6/15/24 @ 100 | 226025 |
|  |  | 315142 |
|  **Nevada — 0.10%** | **Nevada — 0.10%** |  |
| 250000 | City of Henderson GO, Series A, 2.23%, 6/1/28 | 214730 |
|  **New Jersey — 0.55%** | **New Jersey — 0.55%** |  |
| 1335000 | Morris County Improvement Authority Revenue, 0.89%, 6/15/25 | 1201977 |
|  **New York — 0.61%** | **New York — 0.61%** |  |
| 570000 | New York State Housing Finance Agency Revenue, 1.13%, 11/1/25, (Credit Support: SONYMA), Callable 7/1/23 @ 100 | 509545 |
| 600000 | Western Nassau County Water Authority Revenue, Series B, 2.50%, 4/1/34 | 461586 |
| 500000 | Western Nassau County Water Authority Revenue, Series B, 2.58%, 4/1/35 | 378346 |
|  |  | 1349477 |

---

**8** 

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Impact Bond Fund (cont.)

------

**December 31, 2022 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Principal<br>Amount** |  | **Value** |
|  **Ohio — 0.08%** | **Ohio — 0.08%** |  |
| $130000 | City of Cincinnati Revenue, Series C, 3.95%, 11/1/28 | $122218 |
| 100000 | County of Franklin Revenue, 2.88%, 11/1/50, Callable 5/1/50 @ 100 | 59725 |
|  |  | 181943 |
|  **Oklahoma — 0.58%** | **Oklahoma — 0.58%** |  |
| 715000 | Oklahoma Capitol Improvement Authority Revenue, Series A, Series A, 2.58%, 7/1/28 | 634454 |
| 745000 | Oklahoma Capitol Improvement Authority Revenue, Series A, Series A, 2.63%, 7/1/29 | 649465 |
|  |  | 1283919 |
|  **Oregon — 0.72%** | **Oregon — 0.72%** |  |
| 350000 | City of Portland GO, Series B, 1.51%, 6/15/28 | 293957 |
| 300000 | City of Tigard Water Revenue, 2.00%, 8/1/28, (Credit Support: BAM) | 247125 |
| 90000 | State of Oregon GO, Series B, 2.77%, 5/1/23 | 89473 |
| 345000 | State of Oregon GO, Series F, 1.32%, 6/1/27 | 296907 |
| 700000 | State of Oregon GO, Series B, Series B, 3.89%, 5/1/30 | 655274 |
|  |  | 1582736 |
|  **Pennsylvania — 1.87%** | **Pennsylvania — 1.87%** |  |
| 1750000 | City of Philadelphia Water & Wastewater Revenue, Series B, 1.49%, 7/1/27 | 1495777 |
| 185000 | City of Philadelphia Water & Wastewater Revenue, Series A, 3.55%, 10/1/28 | 169930 |
| 825000 | Economy Borough Municipal Authority Revenue, Series A, 1.65%, 12/15/28, (Credit Support: BAM) | 678425 |
| 1325000 | Redevelopment Authority of the City of Philadelphia Revenue, Series A, Series A, 1.03%, 9/1/24 | 1231843 |
| 500000 | Redevelopment Authority of the City of Philadelphia Revenue, Series A, Series A, 1.38%, 9/1/25 | 449115 |
| 100000 | Redevelopment Authority of the City of Philadelphia Revenue, 4.50%, 11/1/31, Callable 11/1/28 @ 100 | 92764 |
|  |  | 4117854 |
|  **Rhode Island — 1.05%** | **Rhode Island — 1.05%** |  |
| 1295000 | Narragansett Bay Commission Revenue, 2.09%, 9/1/30 | 1043815 |
| 400000 | Narragansett Bay Commission Revenue, 2.26%, 9/1/32, Callable 9/1/30 @ 100 | 310563 |
| 150000 | Rhode Island Infrastructure Bank Revenue, 2.70%, 10/1/28 | 134485 |
| 1000000 | Rhode Island Infrastructure Bank State Revolving Fund Revenue, Series A, 1.40%, 10/1/28 | 816383 |
|  |  | 2305246 |
|  **Tennessee — 0.06%** | **Tennessee — 0.06%** |  |
| 160000 | Metropolitan Government of Nashville & Davidson County |  |
|  | Water & Sewer Revenue, Series B, Series B, 1.47%, 7/1/27 | 138119 |

---

**9** 

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Impact Bond Fund (cont.)

------

**December 31, 2022 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Principal<br>Amount** |  | **Value** |
|  **Texas — 1.42%** | **Texas — 1.42%** |  |
| $250000 | City of Houston Combined Utility System Revenue, Series C, 2.05%, 11/15/26 | $223981 |
| 170000 | City of Temple Utility System Revenue, 1.11%, 8/1/25 | 154776 |
| 300000 | City of Temple Utility System Revenue, 1.53%, 8/1/27 | 259737 |
| 690000 | City of Temple Utility System Revenue, 1.80%, 8/1/29 | 570329 |
| 800000 | Dallas Area Rapid Transit Revenue, 2.18%, 12/1/32 | 621198 |
| 335000 | Hidalgo County Drain District No 1 GO, Series A, 0.96%, 9/1/25 | 302931 |
| 275000 | Hidalgo County Drain District No 1 GO, Series A, 1.11%, 9/1/26 | 240574 |
| 225000 | Hidalgo County Drain District No 1 GO, Series A, 1.35%, 9/1/27 | 191541 |
| 130000 | Hidalgo County Drain District No 1 GO, Series A, 1.50%, 9/1/28 | 107698 |
| 300000 | Hidalgo County Drain District No 1 GO, Series A, 1.67%, 9/1/29 | 242556 |
| 200000 | United Independent School District GO, 5.00%, 8/15/24, (Credit Support: PSF-GTD) | 200495 |
|  |  | 3115816 |
|  **Utah — 0.20%** | **Utah — 0.20%** |  |
| 520000 | Metropolitan Water District of Salt Lake & Sandy Revenue, Series B, 1.52%, 7/1/28 | 432603 |
|  **Vermont — 0.04%** | **Vermont — 0.04%** |  |
| 100000 | Vermont Housing Finance Agency Revenue, 3.45%, 11/1/29 | 90424 |
|  **Washington — 1.23%** | **Washington — 1.23%** |  |
| 2400000 | City of Tacoma Electric System Revenue, Series C, 5.64%, 1/1/27 | 2436697 |
| 300000 | Grant County Public Utility District No 2 Priest Rapids Hydroelectric Project Revenue, 1.90%, 1/1/27 | 266475 |
|  |  | 2703172 |
|  **Total Municipal Bonds**<br> (Cost $54,274,312) | **Total Municipal Bonds**<br> (Cost $54,274,312) | **44974630** |
|  **Asset Backed Securities — 8.32%** | **Asset Backed Securities — 8.32%** |  |
| 817303 | GoodLeap Sustainable Home Solutions Trust, Series 2021-3CS, Class A, 2.10%, 5/20/48(c) | 564539 |
| 1907729 | GoodLeap Sustainable Home Solutions Trust, Series 2021-5CS, Class B, 2.56%, 10/20/48(c) | 1333952 |
| 1450538 | GoodLeap Sustainable Home Solutions Trust, Series 2022-1GS, Class B, 2.94%, 1/20/49(c) | 1021846 |
| 732855 | Loanpal Solar Loan Ltd., Series 2021-2GS, Class A, 2.22%, 3/20/48(c) | 562903 |
| 3461932 | Luminace Issuer LLC, Series 2022-1, Class B, 5.91%, 7/31/62(c) | 3046554 |
| 1061658 | Sunnova Helios II Issuer LLC, Series 2019-AA, Class A, 3.75%, 6/20/46(c) | 943570 |
| 998611 | Sunnova Helios II Issuer LLC, Series 2021-B, Class A, 1.62%, 7/20/48(c) | 808618 |

---

**10** 

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Impact Bond Fund (cont.)

------

**December 31, 2022 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Principal<br>Amount** |  | **Value** |
| $1502525 | Sunnova Helios V Issuer LLC, Series 2021-A, Class A, 1.80%, 2/20/48(c) | $1095408 |
| 917295 | Sunnova Helios VII Issuer LLC, Series 2021-C, Class A, 2.03%, 10/20/48(c) | 762647 |
| 1627791 | Sunnova Sol IV Issuer LLC, Series 2022-A, Class C, 3.53%, 2/22/49(c) | 1310570 |
| 190000 | Tesla Auto Lease Trust, Series 2020-A, Class B, 1.18%, 1/22/24(c) | 188470 |
| 2955000 | Tesla Auto Lease Trust, Series 2020-A, Class D, 2.33%, 2/20/24(c) | 2927681 |
| 2000000 | Tesla Auto Lease Trust, Series 2021-A, Class D, 1.34%, 3/20/25(c) | 1890146 |
| 2000000 | Tesla Auto Lease Trust, Series 2021-B, Class D, 1.32%, 9/22/25(c) | 1831146 |
|  **Total Asset Backed Securities**<br> (Cost $21,458,691) | **Total Asset Backed Securities**<br> (Cost $21,458,691) | **18288050** |
|  **U.S. Government Agency Obligations — 7.12%** | **U.S. Government Agency Obligations — 7.12%** |  |
|  **Small Business Administration — 3.06%** | **Small Business Administration — 3.06%** |  |
| 244717 | Certificate of Originator's Fee, 0.03%, 4/15/31(b),(e) | 134 |
| 897300 | Certificate of Originator's Fee, 0.03%, 7/15/31(b),(e) | 491 |
| 143106 | Certificate of Originator's Fee, 0.23%, 12/15/30(b),(e) | 600 |
| 447502 | Certificate of Originator's Fee, 0.23%, 3/15/31(b),(e) | 1877 |
| 344250 | Certificate of Originator's Fee, 0.23%, 5/15/31(b),(e) | 1444 |
| 389700 | Certificate of Originator's Fee, 0.28%, 5/17/46(b),(e) | 3084 |
| 450000 | Certificate of Originator's Fee, 0.48%, 9/1/31(e) | 4194 |
| 443934 | Certificate of Originator's Fee, 0.53%, 6/15/31(b),(e) | 4292 |
| 222833 | Certificate of Originator's Fee, 0.78%, 4/15/31(b),(e) | 3170 |
| 1350000 | Certificate of Originator's Fee, 0.78%, 7/15/31(b),(e) | 19207 |
| 495000 | Certificate of Originator's Fee, 0.78%, 8/15/31(b),(e) | 7043 |
| 315000 | Certificate of Originator's Fee, 0.78%, 8/15/31(b),(e) | 4482 |
| 103500 | Certificate of Originator's Fee, 0.78%, 8/15/31(b),(e) | 1473 |
| 494802 | Certificate of Originator's Fee, 0.98%, 4/15/31(b),(e) | 9854 |
| 404563 | Certificate of Originator's Fee, 1.03%, 4/15/46(b),(e) | 11778 |
| 346986 | Certificate of Originator's Fee, 1.23%, 5/10/31(e) | 8287 |
| 868500 | Certificate of Originator's Fee, 1.23%, 6/11/31(e) | 34911 |
| 270000 | Certificate of Originator's Fee, 1.23%, 8/2/31(e) | 6449 |
| 180000 | Certificate of Originator's Fee, 1.23%, 9/10/31(e) | 4299 |
| 139500 | Certificate of Originator's Fee, 1.23%, 9/16/31(e) | 3332 |
| 940950 | Certificate of Originator's Fee, 1.28%, 4/7/46(b),(e) | 34042 |
| 437400 | Certificate of Originator's Fee, 1.28%, 6/23/46(b),(e) | 15825 |
| 1226700 | Certificate of Originator's Fee, 1.28%, 6/30/46(b),(e) | 44380 |
| 29004 | (Prime Index - 2.500%), 3.75%, 2/25/28(b) | 28976 |
| 75952 | (Prime Index - 2.500%), 3.75%, 4/25/44(b) | 75646 |
| 33236 | (TBA), 5.58%, 9/23/25(b),(e) | 36474 |
| 51691 | (Prime Index - 0.675%), 5.58%, 9/25/43(b) | 53636 |
| 200935 | (Prime Index - 0.675%), 5.58%, 11/25/45(b) | 209832 |

---

**11** 

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Impact Bond Fund (cont.)

------

**December 31, 2022 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Principal<br>Amount** |  | **Value** |
| $223901 | (Prime Index + 0.119%), 6.37%, 1/25/46(b) | $238550 |
| 388543 | (Prime Index + 0.325%), 6.58%, 6/25/31(b) | 408227 |
| 396409 | (Prime Index + 0.325%), 6.58%, 7/25/31(b) | 416451 |
| 456063 | (Prime Index + 0.325%), 6.58%, 2/25/32(b) | 480955 |
| 96734 | (Prime Index + 0.325%), 6.58%, 9/25/44(b) | 103055 |
| 809284 | (Prime Index + 0.325%), 6.58%, 8/25/46(b) | 869761 |
| 669699 | (Prime Index + 0.375%), 6.63%, 10/25/31(b) | 701718 |
| 613484 | (Prime Index + 0.375%), 6.63%, 8/25/46(b) | 657885 |
| 266171 | (Prime Index + 0.575%), 6.83%, 4/25/31(b) | 279601 |
| 32602 | (Prime Index + 0.646%), 6.90%, 3/25/43(b) | 34709 |
| 26101 | (Prime Index + 0.700%), 6.95%, 2/25/28(b) | 26811 |
| 112868 | 7.08%, 7/25/30(b) | 111880 |
| 870899 | (Prime Index + 0.825%), 7.08%, 9/25/31(b) | 925302 |
| 389641 | (Prime Index + 0.875%), 7.13%, 1/25/32(b) | 414309 |
| 27424 | (Prime Index + 1.013%), 7.26%, 11/25/28(b) | 28400 |
| 56706 | (Prime Index + 1.225%), 7.48%, 6/25/29(b) | 59314 |
| 69734 | (Prime Index + 1.575%), 7.83%, 7/25/30(b) | 74063 |
| 104576 | (Prime Index + 2.325%), 8.58%, 10/25/30(b) | 112894 |
| 86876 | (Prime Index + 2.325%), 8.58%, 1/25/31(b) | 94334 |
| 63697 | 9.08%, 9/25/29 | 65892 |
|  |  | 6733323 |
|  **U.S. International Development Finance Corp. — 4.06%** | **U.S. International Development Finance Corp. — 4.06%** |  |
| 1000000 | 1.44%, 4/15/28 | 878122 |
| 500000 | 1.65%, 4/15/28 | 443630 |
| 2619000 | (US Treasury Bill Yield 3-Month + 0.000%), 4.34%, 7/5/38(b),(e) | 2619000 |
| 1746000 | (US Treasury Bill Yield 3-Month + 0.000%), 4.34%, 7/5/38(b) | 1746000 |
| 970000 | (US Treasury Bill Yield 3-Month + 0.000%), 4.34%, 7/5/38(b),(e) | 970000 |
| 2279003 | (US Treasury Bill Yield 3-Month + 0.000%), 4.34%, 7/7/40(b) | 2279003 |
|  |  | 8935755 |
|  **Total U.S. Government Agency Obligations**<br> (Cost $16,253,673) | **Total U.S. Government Agency Obligations**<br> (Cost $16,253,673) | **15669078** |
|  **Collateralized Mortgage Obligation — 1.19%** | **Collateralized Mortgage Obligation — 1.19%** |  |
| 2800000 | BX Commercial Mortgage Trust, Series 2022-AHP, Class C, (Term SOFR 1M + 2.090%), 6.43%, 1/17/39(b),(c) | 2622025 |
|  **Total Collateralized Mortgage Obligation**<br> (Cost $2,786,522) | **Total Collateralized Mortgage Obligation**<br> (Cost $2,786,522) | **2622025** |

---

**12** 

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Impact Bond Fund (cont.)

------

**December 31, 2022 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  **Investment Company — 7.47%** | **Investment Company — 7.47%** |  |
| 16431698 | U.S. Government Money Market Fund, RBC Institutional Class 1(f) | $16431697 |
|  **Total Investment Company**<br> (Cost $16,431,698) | **Total Investment Company**<br> (Cost $16,431,698) | **16431697** |
|  **Total Investments**<br> (Cost $248,237,052) — 98.73% | **Total Investments**<br> (Cost $248,237,052) — 98.73% | $**217146114** |
|  **Other assets in excess of liabilities — 1.27%** | **Other assets in excess of liabilities — 1.27%** | **2803221** |
|  **NET ASSETS — 100.00%** | **NET ASSETS — 100.00%** | $**219949335** |

---

------

(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) 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.

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

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

(f) Affiliated investment.

**Financial futures contracts as of December 31, 2022:** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Long Position** | **Number of<br>Contracts** | **Expiration<br>Date** | **Value/Unrealized**<br>**Appreciation**<br>**(Depreciation)** | **Notional**<br>**Value** | **Notional**<br>**Value** | **Clearinghouse** |
|  30 Year U.S. Treasury Bond | 35 | March 2023 | $(47139) | USD | $4387031 | Barclays Capital Group |
|  30 Year U.S. Ultra Treasury Bond | 90 | March 2023 | (148744) | USD | 12088125 | Barclays Capital Group |
|  Five Year U.S. Treasury Note | 100 | March 2023 | (5761) | USD | 10792969 | Barclays Capital Group |
|  Two Year U.S. Treasury Note | 100 | March 2023 | 20807 | USD | 20507813 | Barclays Capital Group |
|  **Total** |  |  | $(180837) |  |  |  |

---

**13** 

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Impact Bond Fund (cont.)

------

**December 31, 2022 (Unaudited)** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Short Position** | **Number of<br>Contracts** | **Expiration<br>Date** | **Value/Unrealized<br>Appreciation** | **Notional**<br>**Value** | **Notional**<br>**Value** | **Clearinghouse** |
|  10 Year U.S. Ultra Treasury Bond | 74 | March 2023 | $121696 | USD $| 8752813 | Barclays Capital Group |
|  **Total** |  |  | $121696 |  |  |  |

---

Abbreviations used are defined below:

AGM - Assured Guaranty Municipal Corp.

BAM - Bank of America

FHA - Insured by Federal Housing Administration

GO - General Obligations

LIBOR - London Interbank Offered Rate

MTN - Medium Term Note

PSF-GTD - Permanent School Fund Guarantee

Q-SBLF - Qualified School Bond Loan Fund

REIT - Real Estate Investment Trust

SOFR - Secured Overnight Financing Rate

SONYMA - State of New York Mortgage Agency

TBA - To-be-announced

USD - United States Dollar

**14**

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

  - **Street Address 1:** 50 South Sixth Street

  - **City:** Minneapolis

  - **State:** MN

  - **Foreign country:** US

  - **Zip / Postal Code:** 55402

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

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

- **a. Name of Series:** RBC 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:** 2023-09-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $220109494.96

**Total Liabilities:** $680770.61

**Net Assets:** $219428724.35

**Cash Not Reported:** $2869212.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00030600 | **1-Year:** -0.00494188 | **5-Year:** -0.01249296 | **10-Year:** -0.01660551 | **30-Year:** -0.01273726

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

- **3-Month:** -0.00012485 | **1-Year:** -0.00332379 | **5-Year:** -0.02348961 | **10-Year:** -0.02470933 | **30-Year:** -0.00456736

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000227055 | -1.78%               | 3.27%                | -0.58%               |
| Class ID C000195864 | -1.78%               | 3.26%                | -0.58%               |
| Class ID C000217811 | -1.81%               | 3.25%                | -0.72%               |
| Class ID C000195863 | -1.79%               | 3.26%                | -0.58%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1629960.30             | $-1773496.22                               |
| Month 2  | $-531116.17              | $6188620.68                                |
| Month 3  | $-11119.45               | $-1615907.64                               |

**Designated Index Information**

- **Index Name:** Bloomberg US Aggregate Bond Index

- **Index Identifier:** LBUSTRUU

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SIGNATURE BANK                              | Small Business Administration Pools                                             | CUSIP: 83164M4H9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    104576 | PA      | $112894.17    | 0.05%             | 2030-10-25      | Floating      | 8.57%                 | No            |                  2 | On Loan: No      |
| PORTLAND OR                                 | City of Portland OR                                                             | CUSIP: 736679C25<br>LEI: 254900RPNQMJF9NBMF52 | Long             | DBT              | MUN               | US        |    350000 | PA      | $293957.22    | 0.13%             | 2028-06-15      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| EMD FINANCE LLC                             | EMD Finance LLC                                                                 | CUSIP: 26867LAL4<br>LEI: 529900C8KS5G529A0B76 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1776387.69   | 0.81%             | 2025-03-19      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A              | Ginnie Mae I Pool                                                               | CUSIP: 3617AUEM8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     33326 | PA      | $32033.05     | 0.01%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN WATER CAPITAL C                    | American Water Capital Corp                                                     | CUSIP: 03040WBA2<br>LEI: 5IDHQUFVC8Q2KIBBFF06 | Long             | DBT              | CORP              | US        |   3150000 | PA      | $3022141.88   | 1.38%             | 2032-06-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| FHN FINANCIAL CAPITAL MARKETS               | Small Business Administration Pools                                             | CUSIP: 8316A0AN0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    389641 | PA      | $414309.43    | 0.19%             | 2032-01-25      | Floating      | 7.12%                 | 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        |    326504 | PA      | $256891.92    | 0.12%             | 2036-01-25      | Fixed         | 1.55%                 | 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      | $87544.81     | 0.04%             | 2027-05-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| KAISER FOUNDATION HOSPIT                    | Kaiser Foundation Hospitals                                                     | CUSIP: 48305QAF0<br>LEI: DW4Z57L3G4IRMHYZYK62 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1449991.18   | 0.66%             | 2041-06-01      | Fixed         | 2.81%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                         | Gilead Sciences Inc                                                             | CUSIP: 375558BF9<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1447916.48   | 0.66%             | 2026-03-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY & CNTY CA                | City & County of San Francisco CA                                               | CUSIP: 7976465C6<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |    135000 | PA      | $131812.42    | 0.06%             | 2024-06-15      | Fixed         | 2.82%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140HBPZ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     42867 | PA      | $41135.45     | 0.02%             | 2048-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLUEHUB LOAN FUND                           | BlueHub Loan Fund Inc                                                           | CUSIP: 095623AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $228334.56    | 0.10%             | 2027-01-01      | Fixed         | 2.89%                 | 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        |   3461932 | PA      | $3046554.23   | 1.39%             | 2062-07-31      | Fixed         | 5.91%                 | 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      | $344061.55    | 0.16%             | 2046-09-01      | Fixed         | 2.86%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133KLAC1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    345286 | PA      | $282611.70    | 0.13%             | 2051-02-01      | Fixed         | 2.00%                 | No            |                  2 | 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      | $85856.97     | 0.04%             | 2026-12-01      | Fixed         | 0.92%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                              | Small Business Administration Pools                                             | CUSIP: 831628ES7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     63697 | PA      | $65891.93     | 0.03%             | 2029-09-25      | Fixed         | 9.07%                 | No            |                  2 | On Loan: No      |
| MASS GENERAL BRIGHAM INC                    | Mass General Brigham Inc                                                        | CUSIP: 70213HAE8<br>LEI: 5493007Z86EDN0QFYU66 | Long             | DBT              | CORP              | US        |    150000 | PA      | $104355.28    | 0.05%             | 2049-07-01      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| TEMPLE TX UTILITY SYTEM REVENU              | City of Temple TX Utility System Revenue                                        | CUSIP: 880162HY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $154775.73    | 0.07%             | 2025-08-01      | Fixed         | 1.11%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133ACLL0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    201659 | PA      | $165243.36    | 0.08%             | 2050-11-01      | Fixed         | 2.00%                 | 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      | $171534.76    | 0.08%             | 2028-03-01      | Fixed         | 1.70%                 | 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        |    153695 | PA      | $146295.17    | 0.07%             | 2029-01-25      | Variable      | 3.47%                 | No            |                  2 | On Loan: No      |
| INT DEVELOPMENT FIN CORP                    | United States International Development Finance Corp                            | CUSIP: 90376PEW7<br>LEI: 254900QI8QTIK0FY6E92 | Long             | DBT              | USGA              | US        |   2619000 | PA      | $2619000.00   | 1.19%             | 2038-07-05      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| NARRAGANSETT BAY RI COMMISSION              | Narragansett Bay Commission                                                     | CUSIP: 631060CR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1043815.03   | 0.48%             | 2030-09-01      | Fixed         | 2.09%                 | 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      | $102066.22    | 0.05%             | 2028-10-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133KG3X4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     81197 | PA      | $72095.22     | 0.03%             | 2049-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BALTIMORE MD REVENUE                        | City of Baltimore MD                                                            | CUSIP: 059231X62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $186491.38    | 0.08%             | 2028-07-01      | Fixed         | 1.57%                 | 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      | $570328.70    | 0.26%             | 2029-08-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Tesla Auto Lease Trust                      | Tesla Auto Lease Trust 2020-A                                                   | CUSIP: 88167HAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    190000 | PA      | $188469.95    | 0.09%             | 2024-01-22      | Fixed         | 1.18%                 | 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      | $200446.03    | 0.09%             | 2030-07-01      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| EMPRESA DE TRANSPORTE ME                    | Empresa de Transporte de Pasajeros Metro SA                                     | CUSIP: 000000000<br>LEI: 959800T4M5QUPYMSCH69 | Long             | DBT              | CORP              | CL        |   1500000 | PA      | $1362521.81   | 0.62%             | 2030-05-07      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133KHS56<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    181081 | PA      | $160838.56    | 0.07%             | 2050-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL COMMUNITY RENAI                    | National Community Renaissance of California                                    | CUSIP: 63548MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1591907.98   | 0.73%             | 2032-12-01      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140QPXA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2276948 | PA      | $2191672.62   | 1.00%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ASTRAZENECA FINANCE LLC                     | Astrazeneca Finance LLC                                                         | CUSIP: 04636NAB9<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | US        |    490000 | PA      | $407781.88    | 0.19%             | 2031-05-28      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                              | Small Business Administration Pools                                             | CUSIP: 83164ML64<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     51691 | PA      | $53636.18     | 0.02%             | 2043-09-25      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140HBQ76<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     49513 | PA      | $47513.77     | 0.02%             | 2048-04-01      | Fixed         | 4.00%                 | 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      | $942770.44    | 0.43%             | 2051-04-01      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| HIDALGO CNTY TX DRAIN DIST #1               | Hidalgo County Drain District No 1                                              | CUSIP: 429335LR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $302930.63    | 0.14%             | 2025-09-01      | Fixed         | 0.95%                 | 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      | $114553.16    | 0.05%             | 2028-09-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO SCH DIST              | Denver City & County School District No 1                                       | CUSIP: 249174XA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $47993.56     | 0.02%             | 2024-12-01      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| HCA INC                                     | HCA Inc                                                                         | CUSIP: 404119CG2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1725000 | PA      | $1350921.07   | 0.62%             | 2052-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133KMFL4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1489498 | PA      | $1265771.56   | 0.58%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| NATURE CONSERVANCY (THE)                    | Nature Conservancy/The                                                          | CUSIP: 63902HAK5<br>LEI: 549300GJ1IZME7V1JJ28 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $845994.11    | 0.39%             | 2027-07-01      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA REDEV AUTH                  | Redevelopment Authority of the City of Philadelphia                             | CUSIP: 717868GD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $92763.88     | 0.04%             | 2031-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                              | Small Business Administration Pools                                             | CUSIP: 83165BBY7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     56706 | PA      | $59314.13     | 0.03%             | 2029-06-25      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140KAYP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    808327 | PA      | $688136.40    | 0.31%             | 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             | ABS-MBS          | USGA              | US        |    222833 | PA      | $3170.37      | 0.00%             | 2031-04-15      | Floating      | 0.78%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133KLY76<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    890267 | PA      | $757444.81    | 0.35%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                              | Small Business Administration Pools                                             | CUSIP: 83165BAB8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     27424 | PA      | $28399.79     | 0.01%             | 2028-11-25      | Floating      | 7.26%                 | 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      | $170780.41    | 0.08%             | 2027-03-01      | Fixed         | 1.50%                 | 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        |   1350000 | PA      | $19207.26     | 0.01%             | 2031-07-15      | Floating      | 0.78%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140JVMM1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     21770 | PA      | $20194.47     | 0.01%             | 2049-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140QKPX0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    881971 | PA      | $750829.78    | 0.34%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A              | Ginnie Mae II Pool                                                              | CUSIP: 3617BWKV6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     57646 | PA      | $55342.81     | 0.03%             | 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             | ABS-MBS          | USGA              | US        |    344250 | PA      | $1444.23      | 0.00%             | 2031-05-15      | Floating      | 0.23%                 | No            |                  2 | On Loan: No      |
| PAPIO-MISSOURI RIVER NE NATURA              | Papio-Missouri River Natural Resource District                                  | CUSIP: 698874EN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $226025.53    | 0.10%             | 2025-12-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133KMQ32<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    193634 | PA      | $164354.65    | 0.07%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| OREGON ST                                   | State of Oregon                                                                 | CUSIP: 68609THZ4<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |     90000 | PA      | $89472.53     | 0.04%             | 2023-05-01      | Fixed         | 2.77%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133KMYD1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2486894 | PA      | $2260572.25   | 1.03%             | 2052-03-01      | Fixed         | 3.50%                 | 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      | $240574.35    | 0.11%             | 2026-09-01      | Fixed         | 1.10%                 | 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      | $404356.42    | 0.18%             | 2033-11-01      | Fixed         | 2.56%                 | 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      | $621198.12    | 0.28%             | 2032-12-01      | Fixed         | 2.18%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY AFFORD              | New York State Housing Finance Agency                                           | CUSIP: 64987JLN9<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |    570000 | PA      | $509545.26    | 0.23%             | 2025-11-01      | Fixed         | 1.12%                 | 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      | $242555.97    | 0.11%             | 2029-09-01      | Fixed         | 1.67%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140QAZR4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    267857 | PA      | $246100.54    | 0.11%             | 2049-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A              | Government National Mortgage Association                                        | CUSIP: 38380JPZ5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     22204 | PA      | $21129.20     | 0.01%             | 2052-03-16      | Fixed         | 2.50%                 | 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      | $2031333.03   | 0.93%             | 2032-12-01      | Fixed         | 4.48%                 | 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      | $199052.77    | 0.09%             | 2029-12-01      | Fixed         | 1.61%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140QPFE2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2828026 | PA      | $2650828.28   | 1.21%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| THE REINVESTMENT FUND                       | Reinvestment Fund Inc/The                                                       | CUSIP: 75936LAM6<br>LEI: 254900M05GOONA6Z9I72 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2300262.33   | 1.05%             | 2028-02-15      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133KLSH1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    482954 | PA      | $394706.61    | 0.18%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA REDEV AUTH                  | Redevelopment Authority of the City of Philadelphia                             | CUSIP: 717868GL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1231843.52   | 0.56%             | 2024-09-01      | Fixed         | 1.03%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133KKCR8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    301026 | PA      | $257050.40    | 0.12%             | 2050-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                              | Small Business Administration Pools                                             | CUSIP: 831628E32<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    112868 | PA      | $111879.92    | 0.05%             | 2030-07-25      | Fixed         | 7.08%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA                              | City of Los Angeles CA                                                          | CUSIP: 544351LP2<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |    100000 | PA      | $90426.50     | 0.04%             | 2028-09-01      | Fixed         | 2.95%                 | 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      | $313242.15    | 0.14%             | 2026-01-01      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| TRINITY HEALTH CORP                         | Trinity Health Corp                                                             | CUSIP: 896516AA9<br>LEI: TWSRHFGEDJDX0GKMGJ67 | Long             | DBT              | CORP              | US        |    100000 | PA      | $83797.97     | 0.04%             | 2045-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 10YR ULTRA                                                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -74 | NC      | $121696.08    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133KJA51<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    141035 | PA      | $120563.25    | 0.05%             | 2050-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Helios Issuer, LLC                          | Sunnova Helios V Issuer LLC                                                     | CUSIP: 86746EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1502525 | PA      | $1095408.07   | 0.50%             | 2048-02-20      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133ANHV9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    897228 | PA      | $732447.00    | 0.33%             | 2051-06-01      | Fixed         | 2.00%                 | 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      | $168882.58    | 0.08%             | 2027-09-01      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133BGGT9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1992991 | PA      | $1918368.68   | 0.87%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| OMAHA NE SANTN SWR REVENUE                  | City of Omaha NE Sewer Revenue                                                  | CUSIP: 681810NH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $89116.65     | 0.04%             | 2026-04-01      | Fixed         | 1.03%                 | No            |                  2 | On Loan: No      |
| ROMULUS TWP MI CMNTY SCHS                   | Romulus Community Schools                                                       | CUSIP: 776219QA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $274850.58    | 0.13%             | 2025-05-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133ANHW7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    291907 | PA      | $248209.41    | 0.11%             | 2051-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A              | Ginnie Mae I Pool                                                               | CUSIP: 36179DCC2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    160567 | PA      | $159632.19    | 0.07%             | 2026-08-15      | Fixed         | 1.66%                 | No            |                  2 | On Loan: No      |
| FRANKLIN CNTY OH HOSP FACS REV              | County of Franklin OH                                                           | CUSIP: 353187EV5<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |    100000 | PA      | $59724.59     | 0.03%             | 2050-11-01      | Fixed         | 2.88%                 | 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      | $203786.44    | 0.09%             | 2027-11-01      | Fixed         | 1.67%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140QP5Z6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2005094 | PA      | $1939481.45   | 0.88%             | 2052-08-01      | Fixed         | 4.50%                 | 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      | $89482.74     | 0.04%             | 2027-06-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| PERKINELMER INC                             | PerkinElmer Inc                                                                 | CUSIP: 714046AJ8<br>LEI: 549300IKL1SDPFI7N655 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1387046.20   | 0.63%             | 2051-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA CITY & CNTY P              | City of San Francisco CA Public Utilities Commission Water Revenue              | CUSIP: 79771FBD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1248106.21   | 0.57%             | 2030-11-01      | Fixed         | 1.79%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140QNSR4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2315996 | PA      | $2105215.42   | 0.96%             | 2052-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA REDEV AUTH                  | Redevelopment Authority of the City of Philadelphia                             | CUSIP: 717868GM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $449114.92    | 0.20%             | 2025-09-01      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                  | AbbVie Inc                                                                      | CUSIP: 00287YAQ2<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    545000 | PA      | $528268.29    | 0.24%             | 2025-05-14      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133ASXY4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1306926 | PA      | $1066089.00   | 0.49%             | 2051-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND INFRASTRUCTURE BA              | Rhode Island Infrastructure Bank                                                | CUSIP: 76222FDJ4<br>LEI: 54930022Z6KOPRSQCG49 | Long             | DBT              | MUN               | US        |    150000 | PA      | $134484.67    | 0.06%             | 2028-10-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| GRAND RAPIDS MI SANTN SWR SYSR              | City of Grand Rapids MI Sanitary Sewer System Revenue                           | CUSIP: 386289NJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $584317.25    | 0.27%             | 2031-01-01      | Fixed         | 1.86%                 | 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      | $122218.43    | 0.06%             | 2028-11-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| COMMUNITY PRESERVATION C                    | Community Preservation Corp/The                                                 | CUSIP: 20402CAA3<br>LEI: 254900CWS66ZXCS6P481 | Long             | DBT              | CORP              | US        |    250000 | PA      | $217250.16    | 0.10%             | 2030-02-01      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140QPYL5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2074076 | PA      | $1996398.09   | 0.91%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 5 YEAR TREASURY NOTE                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       100 | NC      | $-5761.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140LN5P8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1092180 | PA      | $926542.32    | 0.42%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SOUTH CENTRAL CT REGL WTR AUTH              | South Central Connecticut Regional Water Authority                              | CUSIP: 8372277G6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $125260.13    | 0.06%             | 2030-08-01      | Fixed         | 2.86%                 | 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        |    998611 | PA      | $808618.16    | 0.37%             | 2048-07-20      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| MEDTRONIC INC                               | Medtronic Inc                                                                   | CUSIP: 585055BT2<br>LEI: D56MRZY2INAN94ZONZ37 | Long             | DBT              | CORP              | US        |    250000 | PA      | $237102.24    | 0.11%             | 2035-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NATURE CONSERVANCY (THE)                    | Nature Conservancy/The                                                          | CUSIP: 63902HAJ8<br>LEI: 549300GJ1IZME7V1JJ28 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $872157.01    | 0.40%             | 2026-07-01      | Fixed         | 0.94%                 | No            |                  2 | On Loan: No      |
| FAIRVIEW HEALTH SERVICES                    | Fairview Health Services                                                        | CUSIP: 305734AB1<br>LEI: 549300U24FRQCV80DC69 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1339973.37   | 0.61%             | 2031-11-15      | Fixed         | 2.56%                 | No            |                  2 | On Loan: No      |
| UNITED TX INDEP SCH DIST                    | United Independent School District/TX                                           | CUSIP: 910678U66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200495.19    | 0.09%             | 2024-08-15      | Fixed         | 5.00%                 | 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        |     29004 | PA      | $28976.16     | 0.01%             | 2028-02-25      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133KJA44<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    141425 | PA      | $116105.99    | 0.05%             | 2050-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140HMYW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     47903 | PA      | $45967.95     | 0.02%             | 2048-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC                    | Thermo Fisher Scientific Inc                                                    | CUSIP: 883556CL4<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $1820074.86   | 0.83%             | 2031-10-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| LOW INCOME INVESTMENT                       | Low Income Investment Fund                                                      | CUSIP: 54750AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1219523.06   | 0.56%             | 2029-07-01      | Fixed         | 3.71%                 | 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      | $649465.08    | 0.30%             | 2029-07-01      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON AND CO                     | Becton Dickinson and Co                                                         | CUSIP: 075887BF5<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    398000 | PA      | $388035.15    | 0.18%             | 2024-12-15      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| RECKITT BENCKISER TSY                       | Reckitt Benckiser Treasury Services PLC                                         | CUSIP: 75625QAE9<br>LEI: 213800LAXWIUOOBZ3908 | Long             | DBT              | CORP              | GB        |   2500000 | PA      | $2321804.83   | 1.06%             | 2027-06-26      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SE ALASKA REG HEALTH CON                    | Southeast Alaska Regional Health Consortium                                     | CUSIP: 84132GAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1614895.38   | 0.74%             | 2031-07-01      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140Q8FJ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     22119 | PA      | $20452.08     | 0.01%             | 2048-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SBA Individual Loan                         | SBA Individual Loan                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     33236 | PA      | $36473.91     | 0.02%             | 2025-09-23      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133KJBH4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    359306 | PA      | $307150.96    | 0.14%             | 2050-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Loanpal Solar Loan Ltd.                     | Loanpal Solar Loan 2021-2 Ltd                                                   | CUSIP: 53948QAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    732855 | PA      | $562902.93    | 0.26%             | 2048-03-20      | Fixed         | 2.22%                 | 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      | $107698.13    | 0.05%             | 2028-09-01      | Fixed         | 1.50%                 | 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      | $816382.60    | 0.37%             | 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      | $107174.81    | 0.05%             | 2027-05-01      | Fixed         | 1.17%                 | 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      | $169929.88    | 0.08%             | 2028-10-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                              | Small Business Administration Pools                                             | CUSIP: 83164MTT6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     96734 | PA      | $103054.56    | 0.05%             | 2044-09-25      | Floating      | 6.58%                 | 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      | $209775.64    | 0.10%             | 2028-06-01      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| FHN FINANCIAL CAPITAL MARKETS               | Small Business Administration Pools                                             | CUSIP: 83164NA49<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    456063 | PA      | $480954.83    | 0.22%             | 2032-02-25      | Floating      | 6.58%                 | 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      | $766858.06    | 0.35%             | 2031-12-01      | Fixed         | 1.91%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | 2 YEAR US TREASURY NOTE                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       100 | NC      | $20806.84     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ESCONDIDO CA JT PWRS FING AUTH              | Escondido Joint Powers Financing Authority                                      | CUSIP: 29634EEG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $140303.98    | 0.06%             | 2025-09-01      | Fixed         | 2.44%                 | 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      | $4291.73      | 0.00%             | 2031-06-15      | Floating      | 0.53%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140QNB76<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1536498 | PA      | $1351449.10   | 0.62%             | 2052-02-01      | Fixed         | 3.00%                 | 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      | $703213.96    | 0.32%             | 2034-06-01      | Fixed         | 2.08%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140QAZW3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    193330 | PA      | $177627.14    | 0.08%             | 2049-05-01      | Fixed         | 3.50%                 | 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      | $588317.72    | 0.27%             | 2028-07-01      | Fixed         | 1.47%                 | No            |                  2 | On Loan: No      |
| NATURE CONSERVANCY (THE)                    | Nature Conservancy/The                                                          | CUSIP: 63902HAR0<br>LEI: 549300GJ1IZME7V1JJ28 | Long             | DBT              | CORP              | US        |     53000 | PA      | $37303.75     | 0.02%             | 2033-07-01      | Fixed         | 1.86%                 | 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        |    143106 | PA      | $600.37       | 0.00%             | 2030-12-15      | Floating      | 0.23%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON AND CO                     | Becton Dickinson and Co                                                         | CUSIP: 075887BG3<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    351000 | PA      | $312340.27    | 0.14%             | 2044-12-15      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| HEALTHCARE RLTY HLDGS LP                    | Healthcare Realty Holdings LP                                                   | CUSIP: 42225UAL8<br>LEI: 549300IYGAS4GE6VDL07 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $1620808.73   | 0.74%             | 2030-03-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON AND CO                     | Becton Dickinson and Co                                                         | CUSIP: 075887CJ6<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $857198.61    | 0.39%             | 2030-05-20      | Fixed         | 2.82%                 | 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        |    870899 | PA      | $925302.45    | 0.42%             | 2031-09-25      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| TIFT CNTY GA HOSP AUTH                      | Tift County Hospital Authority                                                  | CUSIP: 886640HY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $374243.16    | 0.17%             | 2025-12-01      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140QQYS8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1378551 | PA      | $1412424.23   | 0.64%             | 2052-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Gold Pool                                                           | CUSIP: 3132LA6S6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    180576 | PA      | $166083.79    | 0.08%             | 2049-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BLUEHUB LOAN FUND                           | BlueHub Loan Fund Inc                                                           | CUSIP: 095623AB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2375000 | PA      | $2059300.30   | 0.94%             | 2030-01-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| ROSEMEAD CA SCH DIST                        | Rosemead School District                                                        | CUSIP: 777526MQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $186935.09    | 0.09%             | 2025-08-01      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140LXEK7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1566945 | PA      | $1468763.18   | 0.67%             | 2052-06-01      | Fixed         | 4.00%                 | 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      | $298608.78    | 0.14%             | 2030-12-01      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133KMNM3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    988194 | PA      | $839265.97    | 0.38%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                              | Small Business Administration Pools                                             | CUSIP: 83164M3S6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    200935 | PA      | $209832.20    | 0.10%             | 2045-11-25      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140KTLE3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    346640 | PA      | $295785.72    | 0.13%             | 2050-10-01      | Fixed         | 2.50%                 | 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      | $271641.03    | 0.12%             | 2028-06-01      | Fixed         | 1.37%                 | No            |                  2 | On Loan: No      |
| GoodLeap Sustainable Home Impr              | GoodLeap Sustainable Home Solutions Trust 2022-1                                | CUSIP: 38237JAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1450538 | PA      | $1021845.69   | 0.47%             | 2049-01-20      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON AND CO                     | Becton Dickinson and Co                                                         | CUSIP: 075887BX6<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |   1089000 | PA      | $960542.33    | 0.44%             | 2047-06-06      | Fixed         | 4.67%                 | 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      | $1877.41      | 0.00%             | 2031-03-15      | Floating      | 0.23%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140KTLD5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    303889 | PA      | $249011.53    | 0.11%             | 2050-11-01      | Fixed         | 2.00%                 | 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      | $583187.07    | 0.27%             | 2036-12-01      | Fixed         | 2.56%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133KLXY8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1279549 | PA      | $1082825.19   | 0.49%             | 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      | $339332.65    | 0.15%             | 2036-07-01      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Gold Pool                                                           | CUSIP: 3132LA6A5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     62167 | PA      | $57811.16     | 0.03%             | 2049-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133KLTA5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    925297 | PA      | $787714.94    | 0.36%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Tesla Auto Lease Trust                      | Tesla Auto Lease Trust 2020-A                                                   | CUSIP: 88167HAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2955000 | PA      | $2927680.55   | 1.33%             | 2024-02-20      | Fixed         | 2.33%                 | 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      | $461585.95    | 0.21%             | 2034-04-01      | 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             | ABS-MBS          | USGA              | US        |    494802 | PA      | $9853.73      | 0.00%             | 2031-04-15      | Floating      | 0.98%                 | No            |                  2 | On Loan: No      |
| N E IA CMNTY CLG                            | Northeast Iowa Community College/IA                                             | CUSIP: 664214MT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $96104.92     | 0.04%             | 2026-06-01      | Fixed         | 3.45%                 | 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      | $507295.58    | 0.23%             | 2027-11-01      | Fixed         | 1.37%                 | 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        |     26101 | PA      | $26810.92     | 0.01%             | 2028-02-25      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                  | AbbVie Inc                                                                      | CUSIP: 00287YCX5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   2030000 | PA      | $1978891.26   | 0.90%             | 2025-03-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| OREGON ST                                   | State of Oregon                                                                 | CUSIP: 68609T7K8<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    700000 | PA      | $655274.28    | 0.30%             | 2030-05-01      | Fixed         | 3.89%                 | No            |                  2 | On Loan: No      |
| VERMONT ST HSG FIN AGY PROPERT              | Vermont Housing Finance Agency                                                  | CUSIP: 92419RAN2<br>LEI: 549300RD7EYN90K0W008 | Long             | DBT              | MUN               | US        |    100000 | PA      | $90424.16     | 0.04%             | 2029-11-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| MORRIS CNTY NJ IMPT AUTH LEASE              | Morris County Improvement Authority                                             | CUSIP: 618027CJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1201976.88   | 0.55%             | 2025-06-15      | Fixed         | 0.89%                 | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD & CO.                     | Small Business Administration Pools                                             | CUSIP: 83164M7D5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    396409 | PA      | $416451.29    | 0.19%             | 2031-07-25      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140QHBS3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    369301 | PA      | $302268.11    | 0.14%             | 2051-02-01      | Fixed         | 2.00%                 | 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        |     47538 | PA      | $45148.98     | 0.02%             | 2027-11-25      | Variable      | 3.16%                 | 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      | $400559.68    | 0.18%             | 2034-11-01      | Fixed         | 2.68%                 | No            |                  2 | On Loan: No      |
| AVANGRID INC                                | Avangrid Inc                                                                    | CUSIP: 05351WAA1<br>LEI: 549300OX0Q38NLSKPB49 | Long             | DBT              | CORP              | US        |   1534000 | PA      | $1470417.62   | 0.67%             | 2024-12-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Gold Pool                                                           | CUSIP: 3132LAAF9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     54303 | PA      | $51814.02     | 0.02%             | 2048-07-01      | Fixed         | 4.00%                 | 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      | $870501.29    | 0.40%             | 2029-11-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                              | Small Business Administration Pools                                             | CUSIP: 83164NAF4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    266170 | PA      | $279601.12    | 0.13%             | 2031-04-25      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| Tesla Auto Lease Trust                      | Tesla Auto Lease Trust 2021-A                                                   | CUSIP: 88161FAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1890145.76   | 0.86%             | 2025-03-20      | Fixed         | 1.34%                 | No            |                  2 | On Loan: No      |
| Tesla Auto Lease Trust                      | Tesla Auto Lease Trust 2021-B                                                   | CUSIP: 88161KAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1831145.54   | 0.83%             | 2025-09-22      | Fixed         | 1.32%                 | No            |                  2 | On Loan: No      |
| SBA                                         | SBA                                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    868500 | PA      | $34910.57     | 0.02%             | 2031-06-11      | Fixed         | 1.23%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140QKXT0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    898956 | PA      | $764835.91    | 0.35%             | 2051-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| INT DEVELOPMENT FIN CORP                    | United States International Development Finance Corp                            | CUSIP: 690353P76<br>LEI: 254900QI8QTIK0FY6E92 | Long             | DBT              | USGA              | US        |   2279002 | PA      | $2279002.50   | 1.04%             | 2040-07-07      | Floating      | 3.81%                 | 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      | $229652.99    | 0.10%             | 2033-09-01      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| Helios Issuer, LLC                          | Sunnova Helios VII Issuer LLC                                                   | CUSIP: 86745RAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    917295 | PA      | $762647.25    | 0.35%             | 2048-10-20      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133KLZA8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    470527 | PA      | $400564.78    | 0.18%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GoodLeap Sustainable Home Impr              | GoodLeap Sustainable Home Solutions Trust 2021-3                                | CUSIP: 382371AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    817303 | PA      | $564539.11    | 0.26%             | 2048-05-20      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| SBA                                         | SBA                                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    270000 | PA      | $6448.68      | 0.00%             | 2031-08-02      | Fixed         | 1.23%                 | 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        |     79403 | PA      | $78434.27     | 0.04%             | 2028-12-25      | Floating      | 4.68%                 | 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      | $518947.54    | 0.24%             | 2028-03-01      | Fixed         | 2.02%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | CBOT US Long Bond                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        35 | NC      | $-47138.70    | -0.02%            |  |  |  | No            |                  1 | 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        |    315000 | PA      | $4481.69      | 0.00%             | 2031-08-15      | Floating      | 0.78%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133KMG66<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    237979 | PA      | $202233.89    | 0.09%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140H36G6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     33549 | PA      | $31980.14     | 0.01%             | 2048-04-01      | Fixed         | 4.00%                 | 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      | $1404978.68   | 0.64%             | 2027-09-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140QQW43<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1657383 | PA      | $1682887.90   | 0.77%             | 2052-11-01      | Fixed         | 6.00%                 | 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        |    809284 | PA      | $869761.14    | 0.40%             | 2046-08-25      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| INT DEVELOPMENT FIN CORP                    | United States International Development Finance Corp                            | CUSIP: 90376PEH0<br>LEI: 254900QI8QTIK0FY6E92 | Long             | DBT              | USGA              | US        |   1746000 | PA      | $1746000.00   | 0.80%             | 2038-07-05      | Floating      | 3.85%                 | 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      | $656667.88    | 0.30%             | 2030-06-01      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST GREEN BANK                   | Connecticut Green Bank                                                          | CUSIP: 207580AU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $271911.23    | 0.12%             | 2028-11-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| SBA                                         | SBA                                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    180000 | PA      | $4299.12      | 0.00%             | 2031-09-10      | Fixed         | 1.23%                 | No            |                  2 | On Loan: No      |
| RUSSELLVILLE AR WTR & SWR REVE              | City of Russellville AR Water & Sewer Revenue                                   | CUSIP: 782816CH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $86994.06     | 0.04%             | 2026-07-01      | Fixed         | 1.23%                 | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD & CO.                     | Small Business Administration Pools                                             | CUSIP: 83165A6D1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     32602 | PA      | $34708.56     | 0.02%             | 2043-03-25      | Floating      | 6.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140KYEK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    863222 | PA      | $734433.90    | 0.33%             | 2051-05-01      | Fixed         | 2.50%                 | 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      | $443629.51    | 0.20%             | 2028-04-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMBIA HSG FIN A              | District of Columbia Housing Finance Agency                                     | CUSIP: 254768VB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $313300.52    | 0.14%             | 2026-03-01      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| AVANGRID INC                                | Avangrid Inc                                                                    | CUSIP: 05351WAB9<br>LEI: 549300OX0Q38NLSKPB49 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1226465.56   | 0.56%             | 2029-06-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| GoodLeap Sustainable Home Impr              | GoodLeap Sustainable Home Solutions Trust 2021-5                                | CUSIP: 38237HAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1907729 | PA      | $1333951.63   | 0.61%             | 2048-10-20      | Fixed         | 2.56%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140QAGW4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     67514 | PA      | $64893.50     | 0.03%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140QQQV0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2352896 | PA      | $2368727.27   | 1.08%             | 2052-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST BAY TRANSPRTN              | Massachusetts Bay Transportation Authority Sales Tax Revenue                    | CUSIP: 575579M79<br>LEI: 549300D2U0XBUXGX8P68 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $790951.62    | 0.36%             | 2033-07-01      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                              | Small Business Administration Pools                                             | CUSIP: 83164M2L2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     69734 | PA      | $74062.77     | 0.03%             | 2030-07-25      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                              | Small Business Administration Pools                                             | CUSIP: 83164NAS6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    388543 | PA      | $408227.17    | 0.19%             | 2031-06-25      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                              | Small Business Administration Pools                                             | CUSIP: 83164M5V7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     86876 | PA      | $94334.20     | 0.04%             | 2031-01-25      | Floating      | 8.57%                 | 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          | CORP              | US        |    103500 | PA      | $1472.56      | 0.00%             | 2031-08-15      | Floating      | 0.78%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ENDOWMENT/THE                    | California Endowment/The                                                        | CUSIP: 1301ETAA0<br>LEI: 54930046FICHFANLFV69 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1238538.24   | 0.56%             | 2051-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BAXALTA INC                                 | Baxalta Inc                                                                     | CUSIP: 07177MAB9<br>LEI: 5493000JW8DCO3T45R55 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2435161.08   | 1.11%             | 2025-06-23      | Fixed         | 4.00%                 | 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      | $277293.37    | 0.13%             | 2026-06-01      | Fixed         | 0.96%                 | 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      | $1668411.72   | 0.76%             | 2028-10-01      | Fixed         | 1.44%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CA CMNTY CLG DIST                 | Riverside Community College District                                            | CUSIP: 76886PJN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $269885.86    | 0.12%             | 2025-08-01      | Fixed         | 0.82%                 | 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      | $646539.52    | 0.29%             | 2027-07-01      | Fixed         | 1.38%                 | 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        |    669699 | PA      | $701718.33    | 0.32%             | 2031-10-25      | Floating      | 6.62%                 | 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      | $34042.25     | 0.02%             | 2046-04-07      | Floating      | 1.28%                 | 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      | $378345.91    | 0.17%             | 2035-04-01      | Fixed         | 2.58%                 | 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      | $273996.24    | 0.12%             | 2027-06-01      | 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        |    897300 | PA      | $491.00       | 0.00%             | 2031-07-15      | Floating      | 0.03%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140H4Q80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     59463 | PA      | $57361.75     | 0.03%             | 2047-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Helios Issuer, LLC                          | SUNNOVA HELIOS II ISSUER LLC 2019-A                                             | CUSIP: 86745LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1061658 | PA      | $943570.36    | 0.43%             | 2046-06-20      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| PROV ST JOSEPH HLTH OBL                     | Providence St Joseph Health Obligated Group                                     | CUSIP: 743756AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $233398.20    | 0.11%             | 2026-10-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                   | Amgen Inc                                                                       | CUSIP: 031162DF4<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1525000 | PA      | $1224369.55   | 0.56%             | 2052-02-22      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140QAPS3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     45151 | PA      | $43320.34     | 0.02%             | 2049-02-01      | Fixed         | 4.00%                 | 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      | $811063.84    | 0.37%             | 2032-06-01      | Fixed         | 1.88%                 | 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      | $2622025.20   | 1.19%             | 2039-01-17      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| BIRMINGHAM AL WTRWKS BRD WTR R              | Water Works Board of the City of Birmingham/The                                 | CUSIP: 091096NG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $137129.92    | 0.06%             | 2027-01-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| CHILDREN'S HOSPITAL MEDI                    | Children's Hospital Medical Center/Cincinnati OH                                | CUSIP: 16876AAC8<br>LEI: 549300EKVCKSAOOWU002 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $825829.28    | 0.38%             | 2050-11-15      | Fixed         | 2.82%                 | 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      | $3084.12      | 0.00%             | 2046-05-17      | Floating      | 0.28%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140L0H59<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1595622 | PA      | $1357562.94   | 0.62%             | 2051-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FRESB Multifamily Mortgage Pas              | FRESB 2018-SB47 Mortgage Trust                                                  | CUSIP: 30296KAG0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     57943 | PA      | $54585.62     | 0.02%             | 2028-01-25      | Variable      | 3.35%                 | 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        |     55061 | PA      | $51777.51     | 0.02%             | 2028-02-25      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| OREGON ST                                   | State of Oregon                                                                 | CUSIP: 68609TVP0<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    345000 | PA      | $296906.47    | 0.14%             | 2027-06-01      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133ACLM8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    200180 | PA      | $170812.88    | 0.08%             | 2050-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| NARRAGANSETT BAY RI COMMISSION              | Narragansett Bay Commission                                                     | CUSIP: 631060CT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $310563.20    | 0.14%             | 2032-09-01      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| HENDERSON NV                                | City of Henderson NV                                                            | CUSIP: 4252007E6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $214729.90    | 0.10%             | 2028-06-01      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| INT DEVELOPMENT FIN CORP                    | United States International Development Finance Corp                            | CUSIP: 90376PDA6<br>LEI: 254900QI8QTIK0FY6E92 | Long             | DBT              | USGA              | US        |    970000 | PA      | $970000.00    | 0.44%             | 2038-07-05      | Floating      | 3.85%                 | 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      | $591859.70    | 0.27%             | 2031-09-01      | Fixed         | 2.12%                 | 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      | $571654.04    | 0.26%             | 2035-11-01      | Fixed         | 2.79%                 | 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      | $296949.97    | 0.14%             | 2027-08-01      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140QQJM8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2141348 | PA      | $2125426.33   | 0.97%             | 2052-09-01      | Fixed         | 5.00%                 | 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        |   1000000 | PA      | $751810.38    | 0.34%             | 2035-01-01      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133KH2G0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    403882 | PA      | $345382.12    | 0.16%             | 2050-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GRAND RAPIDS MI SANTN SWR SYSR              | City of Grand Rapids MI Sanitary Sewer System Revenue                           | CUSIP: 386289NK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1020502.86   | 0.47%             | 2032-01-01      | Fixed         | 2.01%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140H1WT3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      9686 | PA      | $9232.69      | 0.00%             | 2048-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140QKUA4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    593651 | PA      | $505080.84    | 0.23%             | 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             | ABS-MBS          | USGA              | US        |    437400 | PA      | $15824.52     | 0.01%             | 2046-06-23      | Floating      | 1.28%                 | 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      | $481274.48    | 0.22%             | 2031-03-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133KHQH2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    138656 | PA      | $123183.24    | 0.06%             | 2050-03-01      | Fixed         | 3.00%                 | 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      | $247125.37    | 0.11%             | 2028-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                              | Small Business Administration Pools                                             | CUSIP: 8316A0AU4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    613484 | PA      | $657884.50    | 0.30%             | 2046-08-25      | Floating      | 6.62%                 | 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      | $238057.32    | 0.11%             | 2028-11-01      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Gold Pool                                                           | CUSIP: 3132Y3QF4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     39350 | PA      | $37546.23     | 0.02%             | 2048-11-01      | Fixed         | 4.00%                 | 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      | $432603.01    | 0.20%             | 2028-07-01      | Fixed         | 1.52%                 | No            |                  2 | On Loan: No      |
| SBA                                         | SBA                                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    450000 | PA      | $4194.27      | 0.00%             | 2031-09-01      | Fixed         | 0.48%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133KKEY1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    210771 | PA      | $172774.73    | 0.08%             | 2050-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| AGILENT TECHNOLOGIES INC                    | Agilent Technologies Inc                                                        | CUSIP: 00846UAL5<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2238974.48   | 1.02%             | 2029-09-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3138LLW68<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     91492 | PA      | $86120.27     | 0.04%             | 2027-12-01      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A              | California Health Facilities Financing Authority                                | CUSIP: 13032UVB1<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    150000 | PA      | $143870.41    | 0.07%             | 2024-06-01      | Fixed         | 2.02%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133KL6R3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    958739 | PA      | $815701.00    | 0.37%             | 2051-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| LANCASTER CA PWR AUTH REVENUE               | Lancaster Power Authority                                                       | CUSIP: 513793AS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $175588.47    | 0.08%             | 2024-11-01      | Fixed         | 0.87%                 | No            |                  2 | On Loan: No      |
| ESSENTIAL UTILITIES INC                     | Essential Utilities Inc                                                         | CUSIP: 29670GAG7<br>LEI: 549300ILTEOF3E3QY357 | Long             | DBT              | CORP              | US        |   1060000 | PA      | $997618.25    | 0.45%             | 2052-05-01      | Fixed         | 5.30%                 | 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      | $138138.76    | 0.06%             | 2026-11-01      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3138LCMJ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     50000 | PA      | $44514.15     | 0.02%             | 2045-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140QPVA2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2244669 | PA      | $2160589.82   | 0.98%             | 2052-07-01      | Fixed         | 4.50%                 | 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      | $634454.16    | 0.29%             | 2028-07-01      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| BRIDGE HOUSING CORP                         | Bridge Housing Corp                                                             | CUSIP: 10806CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1383383.10   | 0.63%             | 2030-07-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133KLX28<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    901799 | PA      | $767711.56    | 0.35%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMBIA HSG FIN A              | District of Columbia Housing Finance Agency                                     | CUSIP: 254768UZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $313876.22    | 0.14%             | 2025-03-01      | Fixed         | 1.05%                 | 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        |   1388443 | PA      | $1243695.41   | 0.57%             | 2041-04-25      | Variable      | 0.78%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA WTR & WSTWTR R              | City of Philadelphia PA Water & Wastewater Revenue                              | CUSIP: 717893T35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1495776.70   | 0.68%             | 2027-07-01      | Fixed         | 1.49%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140Q8FG5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     44389 | PA      | $42349.58     | 0.02%             | 2048-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                              | Small Business Administration Pools                                             | CUSIP: 83165BET5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    223901 | PA      | $238550.37    | 0.11%             | 2046-01-25      | Floating      | 6.37%                 | 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      | $878122.35    | 0.40%             | 2028-04-15      | Fixed         | 1.44%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133KPH76<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2287935 | PA      | $2144618.09   | 0.98%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Helios Issuer, LLC                          | Sunnova Sol IV Issuer LLC                                                       | CUSIP: 86745AAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1627791 | PA      | $1310570.39   | 0.60%             | 2049-02-22      | Fixed         | 3.53%                 | No            |                  2 | On Loan: No      |
| KAISER FOUNDATION HOSPIT                    | Kaiser Foundation Hospitals                                                     | CUSIP: 48305QAC7<br>LEI: DW4Z57L3G4IRMHYZYK62 | Long             | DBT              | CORP              | US        |    150000 | PA      | $139859.85    | 0.06%             | 2027-05-01      | Fixed         | 3.15%                 | 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      | $746416.13    | 0.34%             | 2035-06-01      | Fixed         | 2.53%                 | 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      | $7042.66      | 0.00%             | 2031-08-15      | Floating      | 0.78%                 | 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      | $232633.29    | 0.11%             | 2029-08-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                    | Baxter International Inc                                                        | CUSIP: 071813CV9<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1306380.62   | 0.60%             | 2051-12-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140LBAR4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    300000 | PA      | $242371.76    | 0.11%             | 2031-03-01      | Fixed         | 1.62%                 | 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        |    244717 | PA      | $133.91       | 0.00%             | 2031-04-15      | Floating      | 0.03%                 | No            |                  2 | On Loan: No      |
| SUNNYVALE CA WSTWTR REVENUE                 | City of Sunnyvale CA Wastewater Revenue                                         | CUSIP: 867604BT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $95213.35     | 0.04%             | 2026-04-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| GRANT CNTY WA PUBLIC UTIL DIST              | Grant County Public Utility District No 2 Priest Rapids Hydroelectric Project   | CUSIP: 387883ZC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $266474.74    | 0.12%             | 2027-01-01      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE A              | Government National Mortgage Association                                        | CUSIP: 38380JLN6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     30135 | PA      | $27800.84     | 0.01%             | 2059-03-16      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133KPSB5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1920040 | PA      | $1848149.21   | 0.84%             | 2052-07-01      | Fixed         | 4.50%                 | 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      | $138119.35    | 0.06%             | 2027-07-01      | Fixed         | 1.47%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133KLPL5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    330106 | PA      | $269890.36    | 0.12%             | 2051-03-01      | Fixed         | 2.00%                 | 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      | $219134.92    | 0.10%             | 2027-07-01      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133KHUU8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    171214 | PA      | $146467.59    | 0.07%             | 2050-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMBIA HSG FIN A              | District of Columbia Housing Finance Agency                                     | CUSIP: 254768VA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $140940.29    | 0.06%             | 2025-09-01      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140QAQ45<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     44750 | PA      | $42943.09     | 0.02%             | 2049-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MACON-BIBB CNTY GA URBAN DEV A              | Macon-Bibb County Urban Development Authority                                   | CUSIP: 555542LW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $70764.86     | 0.03%             | 2024-12-01      | Fixed         | 3.00%                 | 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      | $191541.48    | 0.09%             | 2027-09-01      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| SBA                                         | SBA                                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    139500 | PA      | $3331.82      | 0.00%             | 2031-09-16      | 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        |    404563 | PA      | $11777.81     | 0.01%             | 2046-04-15      | Floating      | 1.03%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK                              | Small Business Administration Pools                                             | CUSIP: 83164MR35<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     75952 | PA      | $75646.06     | 0.03%             | 2044-04-25      | Floating      | 3.75%                 | 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      | $678424.66    | 0.31%             | 2028-12-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Gold Pool                                                           | CUSIP: 3132LALR1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     43113 | PA      | $41137.07     | 0.02%             | 2048-11-01      | Fixed         | 4.00%                 | 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      | $312114.17    | 0.14%             | 2031-06-01      | Fixed         | 1.78%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST                                 | State of Michigan                                                               | CUSIP: 594612ES8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $178454.86    | 0.08%             | 2030-05-15      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140QKRA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1021972 | PA      | $869498.99    | 0.40%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| LOW INCOME INVESTMENT                       | Low Income Investment Fund                                                      | CUSIP: 54750AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    590000 | PA      | $553570.23    | 0.25%             | 2026-07-01      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140QQX83<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    556090 | PA      | $569753.98    | 0.26%             | 2052-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| DORIS DUKE CHARITABLE                       | Doris Duke Charitable Foundation/The                                            | CUSIP: 258261AA4<br>LEI: HFI2KJN5A6RHAGMWK984 | Long             | DBT              | CORP              | US        |    100000 | PA      | $58321.26     | 0.03%             | 2050-07-01      | Fixed         | 2.35%                 | 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        |   1226700 | PA      | $44380.29     | 0.02%             | 2046-06-30      | Floating      | 1.28%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140QPGF8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2110777 | PA      | $1988811.62   | 0.91%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140H6WU9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     37375 | PA      | $35627.17     | 0.02%             | 2048-04-01      | Fixed         | 4.00%                 | 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      | $259736.57    | 0.12%             | 2027-08-01      | Fixed         | 1.53%                 | No            |                  2 | On Loan: No      |
| SBA                                         | SBA                                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    346986 | PA      | $8287.42      | 0.00%             | 2031-05-10      | Fixed         | 1.23%                 | No            |                  2 | On Loan: No      |
| TACOMA WA ELEC SYS REVENUE                  | City of Tacoma WA Electric System Revenue                                       | CUSIP: 873519MN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2436697.08   | 1.11%             | 2027-01-01      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133KMKN4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    790465 | PA      | $644800.25    | 0.29%             | 2051-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ASTRAZENECA FINANCE LLC                     | Astrazeneca Finance LLC                                                         | CUSIP: 04636NAE3<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | US        |   2892000 | PA      | $2483880.64   | 1.13%             | 2028-05-28      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140KGWB5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    153027 | PA      | $130766.63    | 0.06%             | 2050-06-01      | Fixed         | 2.50%                 | 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      | $223981.38    | 0.10%             | 2026-11-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133KG3W6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     87606 | PA      | $77785.35     | 0.04%             | 2049-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140Q93D3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     35766 | PA      | $35018.00     | 0.02%             | 2048-11-01      | Fixed         | 4.50%                 | 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      | $116963.67    | 0.05%             | 2029-09-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133KNQM8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2026916 | PA      | $1782853.56   | 0.81%             | 2052-02-01      | Fixed         | 3.00%                 | 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      | $178985.09    | 0.08%             | 2027-09-01      | Fixed         | 1.54%                 | 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      | $245645.09    | 0.11%             | 2027-07-01      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3133BD4M4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    791845 | PA      | $742243.84    | 0.34%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US ULTRA TREASURY BOND                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        90 | NC      | $-148743.90   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| US Government Money Market Fund             | US Government Money Market Fund                                                 | CUSIP: 74926P696<br>LEI: 549300RFDC5U7WLJKO50 | Long             | STIV             | RF                | US        |  16431698 | NS      | $16431697.52  | 7.49%             |  |  |  | No            |                  1 | On Loan: No      |
| NATURE CONSERVANCY (THE)                    | Nature Conservancy/The                                                          | CUSIP: 63902HAM1<br>LEI: 549300GJ1IZME7V1JJ28 | Long             | DBT              | CORP              | US        |     70000 | PA      | $55805.25     | 0.03%             | 2029-07-01      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** RBC Funds Trust

**Signature:** Kathy Hegna

**Name of Signer:** Kathy Hegna

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