# EDGAR Filing Document

**Accession Number:** 0001272950
**File Stem:** 0001752724-23-049085
**Filing Date:** 2023-3
**Character Count:** 21191
**Document Hash:** 442d51729c7aafbad2cf10a276203b6d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-049085.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001752724-23-049085

**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**: 20230331

**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:** 23690801

**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 Global Opportunities Fund (Series ID: S000046850)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000146417 | Class I      | RGOIX           |
| C000175517 | Class R6     | RGORX           |
| C000217814 | Class A      | RGPAX           |

## Nport-Ex

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Global Opportunities Fund

------

**December 31, 2022 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  **Common Stocks — 99.52%** | **Common Stocks — 99.52%** |  |
|  **Belgium — 5.24%** | **Belgium — 5.24%** |  |
| 393376 | Anheuser-Busch InBev NV | $23693417 |
|  **Denmark — 1.17%** | **Denmark — 1.17%** |  |
| 58777 | Orsted A/S(a) | 5313772 |
|  **Finland — 2.22%** | **Finland — 2.22%** |  |
| 217150 | Neste Oyj | 10014304 |
|  **Germany — 2.98%** | **Germany — 2.98%** |  |
| 360044 | Deutsche Post AG | 13475249 |
|  **Hong Kong — 5.03%** | **Hong Kong — 5.03%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2056824 | AIA Group Ltd. | 22714313 |
|  **Ireland — 2.01%** | **Ireland — 2.01%** |  |
| 100368 | Kerry Group Plc, Class A | 9066276 |
|  **Japan — 2.36%** | **Japan — 2.36%** |  |
| 136298 | MISUMI Group, Inc. | 2962344 |
| 149494 | Nidec Corp. | 7692834 |
|  |  | 10655178 |
|  **Netherlands — 1.25%** | **Netherlands — 1.25%** |  |
| 4070 | Adyen NV\*,(a) | 5650177 |
|  **Norway — 2.58%** | **Norway — 2.58%** |  |
| 324322 | Equinor ASA | 11656222 |
|  **Switzerland — 4.44%** | **Switzerland — 4.44%** |  |
| 63846 | Roche Holding AG | 20062811 |
|  **Taiwan — 4.36%** | **Taiwan — 4.36%** |  |
| 264700 | Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 19717503 |
|  **United Kingdom — 4.98%** | **United Kingdom — 4.98%** |  |
| 62502 | Croda International Plc | 4973821 |
| 167784 | InterContinental Hotels Group Plc | 9627245 |
| 2326201 | Legal & General Group Plc | 6974263 |
| 69856 | St. James's Place Plc | 920239 |
|  |  | 22495568 |
|  **United States — 58.70%** | **United States — 58.70%** |  |
| 197360 | Alphabet, Inc., Class A\* | 17413073 |

---

**1** 

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Global Opportunities Fund (cont.)

------

**December 31, 2022 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
| 108400 | Amazon.com, Inc.\* | $9105600 |
| 22900 | Amgen, Inc. | 6014456 |
| 6700 | AutoZone, Inc.\* | 16523406 |
| 62900 | Blackstone, Inc. | 4666551 |
| 212200 | Charles Schwab Corp. (The) | 17667772 |
| 414800 | CSX Corp. | 12850504 |
| 34500 | Danaher Corp. | 9156990 |
| 61200 | EOG Resources, Inc. | 7926624 |
| 47512 | Estee Lauder Cos, Inc. (The), Class A | 11788202 |
| 55900 | First Republic Bank | 6813651 |
| 288150 | Fortive Corp. | 18513638 |
| 177700 | Incyte Corp.\* | 14272864 |
| 18800 | MarketAxess Holdings, Inc. | 5243132 |
| 100200 | Microsoft Corp. | 24029964 |
| 73300 | Morgan Stanley | 6231966 |
| 63300 | NVIDIA Corp. | 9250662 |
| 122200 | PepsiCo, Inc. | 22076652 |
| 149300 | T-Mobile US, Inc.\* | 20902000 |
| 46800 | UnitedHealth Group, Inc. | 24812424 |
|  |  | 265260131 |
|  **Zambia — 2.20%** | **Zambia — 2.20%** |  |
| 477009 | First Quantum Minerals Ltd. | 9966458 |
|  **Total Common Stocks**<br> (Cost $527,925,212) | **Total Common Stocks**<br> (Cost $527,925,212) | **449741379** |
|  **Investment Company — 0.49%** | **Investment Company — 0.49%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2234833 | U.S. Government Money Market Fund, RBC Institutional Class 1 (b) | 2234833 |
|  **Total Investment Company**<br> (Cost $2,234,833) | **Total Investment Company**<br> (Cost $2,234,833) | **2234833** |
|  **Total Investments**<br> (Cost $530,160,045) — 100.01% | **Total Investments**<br> (Cost $530,160,045) — 100.01% | $**451976212** |
|  **Liabilities in excess of other assets — (0.01)%** | **Liabilities in excess of other assets — (0.01)%** | **(60161)** |
|  **NET ASSETS — 100.00%** | **NET ASSETS — 100.00%** | $**451916051** |

---

------

\* Non-income producing security.

(a) Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933, as
amended. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

(b) Affiliated investment.

Abbreviations used are defined below:

ADR - American Depositary Receipt

**2** 

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Global Opportunities Fund (cont.)

------

**December 31, 2022 (Unaudited)** 

Portfolio Diversification (Unaudited)

---

| | |
|:---|:---|
| Industries | Percentage<br>of Net Assets |
|  Health Care | 16.44% |
|  Financials | 15.76% |
|  Consumer Staples | 14.74% |
|  Information Technology | 12.98% |
|  Industrials | 12.28% |
|  Communication Services | 8.48% |
|  Consumer Discretionary | 7.80% |
|  Energy | 6.55% |
|  Materials | 3.31% |
|  Utilities | 1.18% |
|  Other\* | 0.48% |
|  | 100.00% |

---

------

\* Includes cash, Investment Company, interest and dividend receivable, pending trades and Fund share transactions, and accrued expenses payable.

**3**

## 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 Global Opportunities Fund

- **b. EDGAR series identifier (if any):** S000046850

- **c. LEI of Series:** 549300ZS1GGTL0QZKS79

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

- **a. Date of fiscal year-end:** 2023-03-31

- **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:** $453412696.54

**Total Liabilities:** $342729.77

**Net Assets:** $453069966.77

**Cash Not Reported:** $181644.88

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000175517 | 4.84%                | 9.49%                | -5.01%               |
| Class ID C000217814 | 4.80%                | 9.42%                | -4.98%               |
| Class ID C000146417 | 4.79%                | 9.46%                | -5.03%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $721688.35               | $20510422.91                               |
| Month 2  | $3532985.50              | $38729526.38                               |
| Month 3  | $-9426517.33             | $-14921388.60                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| First Quantum Minerals Ltd      | First Quantum Minerals Ltd                | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |    477009 | NS      | $9966458.35   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                     | PepsiCo Inc                               | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |    122200 | NS      | $22076652.00  | 4.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Estee Lauder Cos Inc/The        | Estee Lauder Cos Inc/The                  | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |     47512 | NS      | $11788202.32  | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                       | Amgen Inc                                 | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     22900 | NS      | $6014456.00   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                     | Equinor ASA                               | CUSIP: 000000000<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |    324322 | NS      | $11656222.26  | 2.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Microsoft Corp                  | Microsoft Corp                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    100200 | NS      | $24029964.00  | 5.30%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc               | EOG Resources Inc                         | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     61200 | NS      | $7926624.00   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Legal & General Group PLC       | Legal & General Group PLC                 | CUSIP: 000000000<br>LEI: 213800JH9QQWHLO99821 | Long             | EC               | CORP              | GB        |   2326201 | NS      | $6974263.11   | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                | Roche Holding AG                          | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |     63846 | NS      | $20062810.99  | 4.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Adyen NV                        | Adyen NV                                  | CUSIP: 000000000<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |      4070 | NS      | $5650177.00   | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| InterContinental Hotels Group   | InterContinental Hotels Group PLC         | CUSIP: 000000000<br>LEI: 2138007ZFQYRUSLU3J98 | Long             | EC               | CORP              | GB        |    167784 | NS      | $9627245.26   | 2.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Kerry Group PLC                 | Kerry Group PLC                           | CUSIP: 000000000<br>LEI: 635400TLVVBNXLFHWC59 | Long             | EC               | CORP              | IE        |    100368 | NS      | $9066275.64   | 2.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc          | UnitedHealth Group Inc                    | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     46800 | NS      | $24812424.00  | 5.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortive Corp                    | Fortive Corp                              | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |    288150 | NS      | $18513637.50  | 4.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corp                     | Incyte Corp                               | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |    177700 | NS      | $14272864.00  | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                  | Amazon.com Inc                            | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    108400 | NS      | $9105600.00   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| St James's Place PLC            | St James's Place PLC                      | CUSIP: 000000000<br>LEI: 213800M993ICXOMBCP87 | Long             | EC               | CORP              | GB        |     78960 | NS      | $1040169.07   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| AutoZone Inc                    | AutoZone Inc                              | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |      6700 | NS      | $16523406.00  | 3.65%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                     | NVIDIA Corp                               | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     63300 | NS      | $9250662.00   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                    | Danaher Corp                              | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     34500 | NS      | $9156990.00   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                 | T-Mobile US Inc                           | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |    149300 | NS      | $20902000.00  | 4.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Anheuser-Busch InBev SA/NV      | Anheuser-Busch InBev SA/NV                | CUSIP: 000000000<br>LEI: 5493008H3828EMEXB082 | Long             | EC               | CORP              | BE        |    393376 | NS      | $23693417.43  | 5.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Neste Oyj                       | Neste Oyj                                 | CUSIP: 000000000<br>LEI: 5493009GY1X8GQ66AM14 | Long             | EC               | CORP              | FI        |    217150 | NS      | $10014304.12  | 2.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Alphabet Inc                    | Alphabet Inc                              | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    197360 | NS      | $17413072.80  | 3.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Croda International PLC         | Croda International PLC                   | CUSIP: 000000000<br>LEI: 2138004WCNBFJEEOXV26 | Long             | EC               | CORP              | GB        |     62502 | NS      | $4973820.64   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Nidec Corp                      | Nidec Corp                                | CUSIP: 000000000<br>LEI: 353800IF171MZTNL6Y31 | Long             | EC               | CORP              | JP        |    149494 | NS      | $7692834.14   | 1.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Post AG                | Deutsche Post AG                          | CUSIP: 000000000<br>LEI: 8ER8GIG7CSMVD8VUFE78 | Long             | EC               | CORP              | DE        |    360044 | NS      | $13475249.13  | 2.97%             |  |  |  | No            |                  2 | On Loan: No      |
| MarketAxess Holdings Inc        | MarketAxess Holdings Inc                  | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |     18800 | NS      | $5243132.00   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd                   | AIA Group Ltd                             | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |   2056824 | NS      | $22714312.89  | 5.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Orsted AS                       | Orsted AS                                 | CUSIP: 000000000<br>LEI: W9NG6WMZIYEU8VEDOG48 | Long             | EC               | CORP              | DK        |     58777 | NS      | $5313772.55   | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| CSX Corp                        | CSX Corp                                  | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |    414800 | NS      | $12850504.00  | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The         | Charles Schwab Corp/The                   | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    212200 | NS      | $17667772.00  | 3.90%             |  |  |  | No            |                  1 | On Loan: No      |
| MISUMI Group Inc                | MISUMI Group Inc                          | CUSIP: 000000000<br>LEI: 353800SJWGE5BEK2V032 | Long             | EC               | CORP              | JP        |    136298 | NS      | $2962343.44   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| First Republic Bank/CA          | First Republic Bank/CA                    | CUSIP: 33616C100<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EC               | CORP              | US        |     55900 | NS      | $6813651.00   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                            | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    264700 | NS      | $19717503.00  | 4.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                  | Blackstone Inc                            | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |     62900 | NS      | $4666551.00   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| US Government Money Market Fund | US Government Money Market Fund           | CUSIP: 74926P696<br>LEI: 549300RFDC5U7WLJKO50 | Long             | STIV             | RF                | US        |   2054724 | NS      | $2054723.89   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                  | Morgan Stanley                            | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     73300 | NS      | $6231966.00   | 1.38%             |  |  |  | No            |                  1 | 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.