# EDGAR Filing Document

**Accession Number:** 0001272950
**File Stem:** 0001752724-25-202227
**Filing Date:** 2025-8
**Character Count:** 120120
**Document Hash:** 0725dcd153fe1bc811ae0590a57853bb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-202227.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001752724-25-202227

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250825

**DATE AS OF CHANGE**: 20250825

**PERIOD START**: 20250930

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21475
- **FILM NUMBER:** 251250316

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

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

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

## Series and Classes Contracts Data

### RBC BlueBay High Yield Bond Fund (Series ID: S000033481)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000102921 | Class A      | RHYAX           |
| C000102922 | Class I      | RGHYX           |

## Nport-Ex

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay High Yield Bond Fund

------

June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Value** |
| **Corporate Bonds — 97.0%** | **Corporate Bonds — 97.0%** |  |
| **Australia — 0.7%** | **Australia — 0.7%** |  |
| $2932000 | Mineral Resources Ltd., 8.00%, 11/1/27(a) | &nbsp;&nbsp;$2938006 |
| &nbsp;&nbsp;3001000 | Mineral Resources Ltd., 9.25%, 10/1/28(a) | &nbsp;&nbsp;&nbsp;&nbsp;3063906 |
| &nbsp;&nbsp;&nbsp;&nbsp;220972 | Quintis Australia Pty Ltd., PIK, 7.50%, 10/1/26(a),(b),(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23865 |
| &nbsp;&nbsp;&nbsp;&nbsp;143548 | Quintis Australia Pty Ltd., PIK, 12.00%, 10/1/28(a),(b),(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;6025777 |
| **Canada — 6.2%** | **Canada — 6.2%** |  |
| &nbsp;&nbsp;6177000 | 1011778 BC ULC / New Red Finance, Inc., 4.38%, 1/15/28(a) | &nbsp;&nbsp;&nbsp;&nbsp;6061687 |
| &nbsp;&nbsp;5806000 | AltaGas Ltd., 7.20%, 10/15/54(a),(d) | &nbsp;&nbsp;&nbsp;&nbsp;5800135 |
| &nbsp;&nbsp;3842000 | Bombardier, Inc., 6.75%, 6/15/33(a) | &nbsp;&nbsp;&nbsp;&nbsp;3979727 |
| &nbsp;&nbsp;3462000 | Garda World Security Corp., 4.63%, 2/15/27(a) | &nbsp;&nbsp;&nbsp;&nbsp;3441273 |
| &nbsp;&nbsp;2142000 | Garda World Security Corp., 8.38%, 11/15/32(a) | &nbsp;&nbsp;&nbsp;&nbsp;2200644 |
| &nbsp;&nbsp;2895000 | Hudbay Minerals, Inc., 4.50%, 4/1/26(a) | &nbsp;&nbsp;&nbsp;&nbsp;2878133 |
| &nbsp;&nbsp;8001000 | Intelligent Packaging Ltd. Finco, Inc. / Intelligent Packaging Ltd. Co-Issuer LLC, 6.00%, 9/15/28(a) | &nbsp;&nbsp;&nbsp;&nbsp;8001000 |
| &nbsp;&nbsp;4278000 | New Gold, Inc., 6.88%, 4/1/32(a) | &nbsp;&nbsp;&nbsp;&nbsp;4407770 |
| &nbsp;&nbsp;6620000 | NOVA Chemicals Corp., 4.25%, 5/15/29(a) | &nbsp;&nbsp;&nbsp;&nbsp;6368692 |
| &nbsp;&nbsp;2474000 | NOVA Chemicals Corp., 9.00%, 2/15/30(a) | &nbsp;&nbsp;&nbsp;&nbsp;2671742 |
| &nbsp;&nbsp;7669000 | Toucan FinCo Ltd./Toucan FinCo Can, Inc./Toucan FinCo US LLC, 9.50%, 5/15/30(a) | &nbsp;&nbsp;&nbsp;&nbsp;7831093 |
|  |  | &nbsp;&nbsp;&nbsp;53641896 |
| **Finland — 0.6%** | **Finland — 0.6%** |  |
| &nbsp;&nbsp;5054000 | Nordea Bank Abp, 6.30%, (d),(e),(f) | &nbsp;&nbsp;&nbsp;&nbsp;4919010 |
| **France — 1.2%** | **France — 1.2%** |  |
| &nbsp;&nbsp;2823000 | Credit Agricole SA, 6.70%, (d),(e),(f) | &nbsp;&nbsp;&nbsp;&nbsp;2758102 |
| &nbsp;&nbsp;3358000 | Iliad Holding SASU, 7.00%, 10/15/28(a) | &nbsp;&nbsp;&nbsp;&nbsp;3418104 |
| &nbsp;&nbsp;4043000 | Societe Generale SA, 8.50%, (a),(d),(e) | &nbsp;&nbsp;&nbsp;&nbsp;4227384 |
|  |  | &nbsp;&nbsp;&nbsp;10403590 |
| **Israel — 0.1%** | **Israel — 0.1%** |  |
| &nbsp;&nbsp;1082000 | Teva Pharmaceutical Finance Netherlands III BV, 3.15%, 10/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;1061032 |
| **Italy — 0.3%** | **Italy — 0.3%** |  |
| &nbsp;&nbsp;2858000 | Fibercop SpA, Series 2033, 6.38%, 11/15/33(a) | &nbsp;&nbsp;&nbsp;&nbsp;2772627 |
| **Japan — 1.4%** | **Japan — 1.4%** |  |
| &nbsp;&nbsp;3774000 | Nomura Holdings, Inc., 7.00%, (d),(e) | &nbsp;&nbsp;&nbsp;&nbsp;3820786 |
| &nbsp;&nbsp;3953000 | Rakuten Group, Inc., 9.75%, 4/15/29(a) | &nbsp;&nbsp;&nbsp;&nbsp;4338140 |
| &nbsp;&nbsp;3796000 | Rakuten Group, Inc., 11.25%, 2/15/27(a) | &nbsp;&nbsp;&nbsp;&nbsp;4124049 |
|  |  | &nbsp;&nbsp;&nbsp;12282975 |
| **Luxembourg — 2.8%** | **Luxembourg — 2.8%** |  |
| &nbsp;&nbsp;4546000 | Albion Financing 1 Sarl / Aggreko Holdings, Inc., 7.00%, 5/21/30(a) | &nbsp;&nbsp;&nbsp;&nbsp;4650774 |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay High Yield Bond Fund (cont.)

------

June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Value** |
| $5868000 | Altice Financing SA, 5.00%, 1/15/28(a) | &nbsp;&nbsp;$4417589 |
| &nbsp;&nbsp;6671000 | Altice Financing SA, 5.75%, 8/15/29(a) | &nbsp;&nbsp;&nbsp;&nbsp;4886507 |
| &nbsp;&nbsp;2204000 | Altice Financing SA, 9.63%, 7/15/27(a) | &nbsp;&nbsp;&nbsp;&nbsp;1897346 |
| &nbsp;&nbsp;4240000 | INEOS Finance Plc, 7.50%, 4/15/29(a) | &nbsp;&nbsp;&nbsp;&nbsp;4252310 |
| &nbsp;&nbsp;4294000 | Intelsat Jackson Holdings SA, 6.50%, 3/15/30(a) | &nbsp;&nbsp;&nbsp;&nbsp;4379609 |
|  |  | &nbsp;&nbsp;&nbsp;24484135 |
| **Mexico — 0.7%** | **Mexico — 0.7%** |  |
| &nbsp;&nbsp;3010000 | Banco Mercantil del Norte SA, 8.38%, (a),(d),(e) | &nbsp;&nbsp;&nbsp;&nbsp;3055211 |
| &nbsp;&nbsp;3018000 | Banco Mercantil del Norte SA, 8.75%, (a),(d),(e) | &nbsp;&nbsp;&nbsp;&nbsp;3040638 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;6095849 |
| **Netherlands — 0.8%** | **Netherlands — 0.8%** |  |
| &nbsp;&nbsp;5172000 | Sunrise HoldCo IV BV, 5.50%, 1/15/28(a) | &nbsp;&nbsp;&nbsp;&nbsp;5124876 |
| &nbsp;&nbsp;2130000 | Ziggo Bond Co. BV, 5.13%, 2/28/30(a) | &nbsp;&nbsp;&nbsp;&nbsp;1852487 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;6977363 |
| **Spain — 0.8%** | **Spain — 0.8%** |  |
| &nbsp;&nbsp;6465000 | Banco Bilbao Vizcaya Argentaria SA, 7.75%, (d),(e) | &nbsp;&nbsp;&nbsp;&nbsp;6553538 |
| **United Kingdom — 5.6%** | **United Kingdom — 5.6%** |  |
| &nbsp;&nbsp;4640000 | Ardonagh Finco Ltd., 7.75%, 2/15/31(a) | &nbsp;&nbsp;&nbsp;&nbsp;4849159 |
| &nbsp;&nbsp;5201000 | Ardonagh Group Finance Ltd., 8.88%, 2/15/32(a) | &nbsp;&nbsp;&nbsp;&nbsp;5472939 |
| &nbsp;&nbsp;3805000 | Barclays Plc, 8.00%, (d),(e) | &nbsp;&nbsp;&nbsp;&nbsp;3992403 |
| &nbsp;&nbsp;3726000 | Barclays Plc, 9.63%, (d),(e) | &nbsp;&nbsp;&nbsp;&nbsp;4152076 |
| &nbsp;&nbsp;6853000 | Connect Finco Sarl / Connect US Finco LLC, 9.00%, 9/15/29(a) | &nbsp;&nbsp;&nbsp;&nbsp;6901580 |
| &nbsp;&nbsp;5274000 | ContourGlobal Power Holdings SA, 6.75%, 2/28/30(a) | &nbsp;&nbsp;&nbsp;&nbsp;5434166 |
| &nbsp;&nbsp;4270000 | Howden UK Refinance PLC / Howden UK Refinance 2 Plc / Howden US Refinance LLC, 7.25%, 2/15/31(a) | &nbsp;&nbsp;&nbsp;&nbsp;4420695 |
| &nbsp;&nbsp;6772000 | Vmed O2 UK Financing I Plc, 4.75%, 7/15/31(a) | &nbsp;&nbsp;&nbsp;&nbsp;6263130 |
| &nbsp;&nbsp;2021000 | Vmed O2 UK Financing I Plc, 7.75%, 4/15/32(a) | &nbsp;&nbsp;&nbsp;&nbsp;2099902 |
| &nbsp;&nbsp;4716000 | Vodafone Group Plc, 4.13%, 6/4/81(d) | &nbsp;&nbsp;&nbsp;&nbsp;4306820 |
|  |  | &nbsp;&nbsp;&nbsp;47892870 |
| **United States — 75.8%** | **United States — 75.8%** |  |
| &nbsp;&nbsp;7746000 | 1261229 BC Ltd., 10.00%, 4/15/32(a) | &nbsp;&nbsp;&nbsp;&nbsp;7815433 |
| &nbsp;&nbsp;2762000 | Acadia Healthcare Co., Inc., 7.38%, 3/15/33(a) | &nbsp;&nbsp;&nbsp;&nbsp;2849247 |
| &nbsp;&nbsp;2961000 | Acrisure LLC / Acrisure Finance, Inc., 4.25%, 2/15/29(a) | &nbsp;&nbsp;&nbsp;&nbsp;2846251 |
| &nbsp;&nbsp;5842000 | Acrisure LLC / Acrisure Finance, Inc., 7.50%, 11/6/30(a) | &nbsp;&nbsp;&nbsp;&nbsp;6033356 |
| &nbsp;&nbsp;4582000 | Acrisure LLC / Acrisure Finance, Inc., 8.25%, 2/1/29(a) | &nbsp;&nbsp;&nbsp;&nbsp;4739777 |
| &nbsp;&nbsp;3054000 | ADT Security Corp. (The), 4.13%, 8/1/29(a) | &nbsp;&nbsp;&nbsp;&nbsp;2947063 |
| &nbsp;&nbsp;2232000 | Albertsons Cos. LLC / Safeway, Inc. / New Albertsons LP / Albertson's LLC, 4.63%, 1/15/27(a) | &nbsp;&nbsp;&nbsp;&nbsp;2216540 |
| &nbsp;&nbsp;6805000 | Allied Universal Holdco LLC, 7.88%, 2/15/31(a) | &nbsp;&nbsp;&nbsp;&nbsp;7113981 |
| &nbsp;&nbsp;4852000 | Ally Financial, Inc., Series B, 4.70%, (d),(e) | &nbsp;&nbsp;&nbsp;&nbsp;4677915 |
| &nbsp;&nbsp;4212000 | Ally Financial, Inc., 6.65%, 1/17/40(d) | &nbsp;&nbsp;&nbsp;&nbsp;4139103 |
| &nbsp;&nbsp;3979000 | AMC Networks, Inc., 10.25%, 1/15/29(a) | &nbsp;&nbsp;&nbsp;&nbsp;4126977 |
| &nbsp;&nbsp;4058000 | American Airlines, Inc., 7.25%, 2/15/28(a) | &nbsp;&nbsp;&nbsp;&nbsp;4142456 |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay High Yield Bond Fund (cont.)

------

June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Value** |
| &nbsp;&nbsp;$6531000 | AmeriGas Partners LP / AmeriGas Finance Corp., 9.38%, 6/1/28(a) | &nbsp;&nbsp;$6733415 |
| &nbsp;&nbsp;&nbsp;&nbsp;5052000 | AmeriGas Partners LP / AmeriGas Finance Corp., 9.50%, 6/1/30(a) | &nbsp;&nbsp;&nbsp;&nbsp;5235874 |
| &nbsp;&nbsp;10067000 | AmeriTex HoldCo Intermediate LLC, 10.25%, 10/15/28(a) | &nbsp;&nbsp;&nbsp;10686720 |
| &nbsp;&nbsp;&nbsp;&nbsp;7391167 | Anywhere Real Estate Group LLC / Anywhere Co.-Issuer Corp., 7.00%, 4/15/30(a) | &nbsp;&nbsp;&nbsp;&nbsp;6901642 |
| &nbsp;&nbsp;&nbsp;&nbsp;5206000 | APH Somerset Investor 2 LLC / APH2 Somerset Investor 2 LLC / APH3 Somerset Inves, 7.88%, 11/1/29(a) | &nbsp;&nbsp;&nbsp;&nbsp;5325799 |
| &nbsp;&nbsp;&nbsp;&nbsp;2909000 | Avantor Funding, Inc., 3.88%, 11/1/29(a) | &nbsp;&nbsp;&nbsp;&nbsp;2753692 |
| &nbsp;&nbsp;&nbsp;&nbsp;4608000 | Avis Budget Car Rental LLC / Avis Budget Finance, Inc., 5.75%, 7/15/27(a) | &nbsp;&nbsp;&nbsp;&nbsp;4586327 |
| &nbsp;&nbsp;&nbsp;&nbsp;3148000 | Axalta Coating Systems LLC, 3.38%, 2/15/29(a) | &nbsp;&nbsp;&nbsp;&nbsp;2977806 |
| &nbsp;&nbsp;&nbsp;&nbsp;3500333 | BCPE Ulysses Intermediate, Inc., PIK, 7.75%, 4/1/27(a) | &nbsp;&nbsp;&nbsp;&nbsp;3377585 |
| &nbsp;&nbsp;&nbsp;&nbsp;3222000 | Beach Acquisition Bidco LLC, PIK, 10.00%, 7/15/33(a) | &nbsp;&nbsp;&nbsp;&nbsp;3351204 |
| &nbsp;&nbsp;&nbsp;&nbsp;4338000 | Beacon Mobility Corp., 7.25%, 8/1/30(a) | &nbsp;&nbsp;&nbsp;&nbsp;4427149 |
| &nbsp;&nbsp;&nbsp;&nbsp;3311000 | Boost Newco Borrower LLC, 7.50%, 1/15/31(a) | &nbsp;&nbsp;&nbsp;&nbsp;3516624 |
| &nbsp;&nbsp;&nbsp;&nbsp;3521000 | Brandywine Operating Partnership LP, REIT, 8.88%, 4/12/29 | &nbsp;&nbsp;&nbsp;&nbsp;3811519 |
| &nbsp;&nbsp;&nbsp;&nbsp;3110000 | Bread Financial Holdings, Inc., 8.38%, 6/15/35(a),(d) | &nbsp;&nbsp;&nbsp;&nbsp;3123331 |
| &nbsp;&nbsp;&nbsp;&nbsp;3818000 | Bread Financial Holdings, Inc., 9.75%, 3/15/29(a) | &nbsp;&nbsp;&nbsp;&nbsp;4110611 |
| &nbsp;&nbsp;&nbsp;&nbsp;2469000 | Cablevision Lightpath LLC, 3.88%, 9/15/27(a) | &nbsp;&nbsp;&nbsp;&nbsp;2380275 |
| &nbsp;&nbsp;&nbsp;&nbsp;3007000 | Cablevision Lightpath LLC, 5.63%, 9/15/28(a) | &nbsp;&nbsp;&nbsp;&nbsp;2913146 |
| &nbsp;&nbsp;&nbsp;&nbsp;2063000 | Caesars Entertainment, Inc., 7.00%, 2/15/30(a) | &nbsp;&nbsp;&nbsp;&nbsp;2137468 |
| &nbsp;&nbsp;&nbsp;&nbsp;8102000 | Carriage Services, Inc., 4.25%, 5/15/29(a) | &nbsp;&nbsp;&nbsp;&nbsp;7652720 |
| &nbsp;&nbsp;&nbsp;&nbsp;3715589 | Carvana Co., PIK, 9.00%, 12/1/28(a) | &nbsp;&nbsp;&nbsp;&nbsp;3812825 |
| &nbsp;&nbsp;&nbsp;&nbsp;1083500 | Carvana Co., PIK, 9.00%, 6/1/30(a) | &nbsp;&nbsp;&nbsp;&nbsp;1139436 |
| &nbsp;&nbsp;&nbsp;&nbsp;4174000 | CCO Holdings LLC / CCO Holdings Capital Corp., 4.50%, 5/1/32 | &nbsp;&nbsp;&nbsp;&nbsp;3884607 |
| &nbsp;&nbsp;&nbsp;&nbsp;5154000 | CCO Holdings LLC / CCO Holdings Capital Corp., 4.75%, 3/1/30(a) | &nbsp;&nbsp;&nbsp;&nbsp;4995563 |
| &nbsp;&nbsp;&nbsp;&nbsp;3890000 | CCO Holdings LLC / CCO Holdings Capital Corp., 5.00%, 2/1/28(a) | &nbsp;&nbsp;&nbsp;&nbsp;3854475 |
| &nbsp;&nbsp;&nbsp;&nbsp;3842000 | CCO Holdings LLC / CCO Holdings Capital Corp., 5.13%, 5/1/27(a) | &nbsp;&nbsp;&nbsp;&nbsp;3828876 |
| &nbsp;&nbsp;&nbsp;&nbsp;3350000 | CCO Holdings LLC / CCO Holdings Capital Corp., 5.50%, 5/1/26(a) | &nbsp;&nbsp;&nbsp;&nbsp;3350648 |
| &nbsp;&nbsp;&nbsp;&nbsp;5804000 | CCO Holdings LLC / CCO Holdings Capital Corp., 7.38%, 3/1/31(a) | &nbsp;&nbsp;&nbsp;&nbsp;6053074 |
| &nbsp;&nbsp;&nbsp;&nbsp;5929000 | Chart Industries, Inc., 9.50%, 1/1/31(a) | &nbsp;&nbsp;&nbsp;&nbsp;6323753 |
| &nbsp;&nbsp;&nbsp;&nbsp;4055000 | CHS/Community Health Systems, Inc., 10.88%, 1/15/32(a) | &nbsp;&nbsp;&nbsp;&nbsp;4292618 |
| &nbsp;&nbsp;&nbsp;&nbsp;3000000 | Citigroup, Inc., Series EE, 6.75%, (d),(e) | &nbsp;&nbsp;&nbsp;&nbsp;3020807 |
| &nbsp;&nbsp;&nbsp;&nbsp;4846000 | Citizens Financial Group, Inc., Series B, (Term SOFR 3M + 3.265%), 7.55%, (e),(g) | &nbsp;&nbsp;&nbsp;&nbsp;4846448 |
| &nbsp;&nbsp;&nbsp;&nbsp;4201000 | Clear Channel Outdoor Holdings, Inc., 7.88%, 4/1/30(a) | &nbsp;&nbsp;&nbsp;&nbsp;4335857 |
| &nbsp;&nbsp;&nbsp;&nbsp;3016000 | Cleveland-Cliffs, Inc., 7.38%, 5/1/33(a) | &nbsp;&nbsp;&nbsp;&nbsp;2830520 |
| &nbsp;&nbsp;&nbsp;&nbsp;8971000 | Cloud Software Group, Inc., 6.50%, 3/31/29(a) | &nbsp;&nbsp;&nbsp;&nbsp;9052585 |
| &nbsp;&nbsp;&nbsp;&nbsp;3933000 | Cloud Software Group, Inc., 8.25%, 6/30/32(a) | &nbsp;&nbsp;&nbsp;&nbsp;4187016 |
| &nbsp;&nbsp;&nbsp;&nbsp;4547716 | CMG Media Corp., 8.88%, 6/18/29(a) | &nbsp;&nbsp;&nbsp;&nbsp;4325953 |
| &nbsp;&nbsp;&nbsp;&nbsp;3093000 | Comstock Resources, Inc., 6.75%, 3/1/29(a) | &nbsp;&nbsp;&nbsp;&nbsp;3101560 |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay High Yield Bond Fund (cont.)

------

June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Value** |
| $3500000 | CSC Holdings LLC, 4.63%, 12/1/30(a) | $1627839 |
| &nbsp;&nbsp;6300000 | CSC Holdings LLC, 5.75%, 1/15/30(a) | &nbsp;&nbsp;&nbsp;3118483 |
| &nbsp;&nbsp;3221000 | CSC Holdings LLC, 7.50%, 4/1/28(a) | &nbsp;&nbsp;&nbsp;2406402 |
| &nbsp;&nbsp;4829000 | CSC Holdings LLC, 11.25%, 5/15/28(a) | &nbsp;&nbsp;&nbsp;4805702 |
| &nbsp;&nbsp;2907000 | Dealer Tire LLC / DT Issuer LLC, 8.00%, 2/1/28(a) | &nbsp;&nbsp;&nbsp;2800686 |
| &nbsp;&nbsp;4765000 | Delek Logistics Partners LP / Delek Logistics Finance Corp., 7.38%, 6/30/33(a) | &nbsp;&nbsp;&nbsp;4743890 |
| &nbsp;&nbsp;4153000 | Directv Financing LLC, 8.88%, 2/1/30(a) | &nbsp;&nbsp;&nbsp;4089001 |
| &nbsp;&nbsp;1804000 | Discovery Communications LLC, 3.95%, 3/20/28 | &nbsp;&nbsp;&nbsp;1723109 |
| &nbsp;&nbsp;2750000 | Discovery Communications LLC, 5.00%, 9/20/37 | &nbsp;&nbsp;&nbsp;1803292 |
| &nbsp;&nbsp;5103000 | Domtar Corp., 6.75%, 10/1/28(a) | &nbsp;&nbsp;&nbsp;4617824 |
| &nbsp;&nbsp;2789000 | Edison International, Series B, 5.00%, (d),(e) | &nbsp;&nbsp;&nbsp;2414517 |
| &nbsp;&nbsp;5667000 | Element Solutions, Inc., 3.88%, 9/1/28(a) | &nbsp;&nbsp;&nbsp;5482249 |
| &nbsp;&nbsp;4456000 | Enviri Corp., 5.75%, 7/31/27(a) | &nbsp;&nbsp;&nbsp;4400404 |
| &nbsp;&nbsp;4605000 | Ferrellgas LP / Ferrellgas Finance Corp., 5.88%, 4/1/29(a) | &nbsp;&nbsp;&nbsp;4262995 |
| &nbsp;&nbsp;2705000 | Focus Financial Partners LLC, 6.75%, 9/15/31(a) | &nbsp;&nbsp;&nbsp;2761911 |
| &nbsp;&nbsp;5944000 | Ford Motor Credit Co. LLC, 2.70%, 8/10/26 | &nbsp;&nbsp;&nbsp;5787716 |
| &nbsp;&nbsp;2134000 | Ford Motor Credit Co. LLC, 5.85%, 5/17/27 | &nbsp;&nbsp;&nbsp;2150804 |
| &nbsp;&nbsp;4605000 | Forestar Group, Inc., 5.00%, 3/1/28(a) | &nbsp;&nbsp;&nbsp;4538663 |
| &nbsp;&nbsp;3000000 | Foundation Building Materials, Inc., 6.00%, 3/1/29(a) | &nbsp;&nbsp;&nbsp;2754262 |
| &nbsp;&nbsp;4610000 | Freedom Mortgage Corp., 12.00%, 10/1/28(a) | &nbsp;&nbsp;&nbsp;4957285 |
| &nbsp;&nbsp;2102000 | Freedom Mortgage Holdings LLC, 8.38%, 4/1/32(a) | &nbsp;&nbsp;&nbsp;2121270 |
| &nbsp;&nbsp;3602000 | Freedom Mortgage Holdings LLC, 9.25%, 2/1/29(a) | &nbsp;&nbsp;&nbsp;3740513 |
| &nbsp;&nbsp;3474000 | Gap, Inc. (The), 3.88%, 10/1/31(a) | &nbsp;&nbsp;&nbsp;3111173 |
| &nbsp;&nbsp;3471000 | Gen Digital, Inc., 6.75%, 9/30/27(a) | &nbsp;&nbsp;&nbsp;3533837 |
| &nbsp;&nbsp;4405000 | General Motors Financial Co., Inc., Series A, 5.75%, (d),(e) | &nbsp;&nbsp;&nbsp;4344846 |
| &nbsp;&nbsp;2577000 | Gray Media, Inc., 10.50%, 7/15/29(a) | &nbsp;&nbsp;&nbsp;2769110 |
| &nbsp;&nbsp;5259000 | Griffon Corp., 5.75%, 3/1/28 | &nbsp;&nbsp;&nbsp;5253644 |
| &nbsp;&nbsp;4609000 | Herc Holdings, Inc., 5.50%, 7/15/27(a) | &nbsp;&nbsp;&nbsp;4607147 |
| &nbsp;&nbsp;3056000 | Herc Holdings, Inc., 7.00%, 6/15/30(a) | &nbsp;&nbsp;&nbsp;3199622 |
| &nbsp;&nbsp;3881000 | Hilton Domestic Operating Co., Inc., 5.88%, 4/1/29(a) | &nbsp;&nbsp;&nbsp;3964142 |
| &nbsp;&nbsp;2705000 | Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower, Inc., 6.63%, 1/15/32(a) | &nbsp;&nbsp;&nbsp;2748309 |
| &nbsp;&nbsp;5650000 | Iron Mountain, Inc., REIT, 4.88%, 9/15/27(a) | &nbsp;&nbsp;&nbsp;5615291 |
| &nbsp;&nbsp;4486000 | Jane Street Group / JSG Finance, Inc., 6.13%, 11/1/32(a) | &nbsp;&nbsp;&nbsp;4525657 |
| &nbsp;&nbsp;2971000 | Jefferies Finance LLC / JFIN Co-Issuer Corp., 5.00%, 8/15/28(a) | &nbsp;&nbsp;&nbsp;2873018 |
| &nbsp;&nbsp;4350000 | JetBlue Airways Corp. / JetBlue Loyalty LP, 9.88%, 9/20/31(a) | &nbsp;&nbsp;&nbsp;4234624 |
| &nbsp;&nbsp;6593000 | Kaiser Aluminum Corp., 4.63%, 3/1/28(a) | &nbsp;&nbsp;&nbsp;6460688 |
| &nbsp;&nbsp;2056000 | KeyCorp, Series D, 5.00%, (d),(e) | &nbsp;&nbsp;&nbsp;2031430 |
| &nbsp;&nbsp;4666000 | Kraken Oil & Gas Partners LLC, 7.63%, 8/15/29(a) | &nbsp;&nbsp;&nbsp;4581149 |
| &nbsp;&nbsp;3719000 | LBM Acquisition LLC, 6.25%, 1/15/29(a) | &nbsp;&nbsp;&nbsp;3236789 |
| &nbsp;&nbsp;4936000 | Leeward Renewable Energy Operations LLC, 4.25%, 7/1/29(a) | &nbsp;&nbsp;&nbsp;4608304 |
| &nbsp;&nbsp;3133650 | Level 3 Financing, Inc., 3.88%, 10/15/30(a) | &nbsp;&nbsp;&nbsp;2725272 |
| &nbsp;&nbsp;6388000 | Level 3 Financing, Inc., 6.88%, 6/30/33(a) | &nbsp;&nbsp;&nbsp;6499471 |
| &nbsp;&nbsp;3016649 | Level 3 Financing, Inc., 11.00%, 11/15/29(a) | &nbsp;&nbsp;&nbsp;3471416 |
| &nbsp;&nbsp;2217000 | LifePoint Health, Inc., 9.88%, 8/15/30(a) | &nbsp;&nbsp;&nbsp;2400029 |
| &nbsp;&nbsp;5392000 | LifePoint Health, Inc., 11.00%, 10/15/30(a) | &nbsp;&nbsp;&nbsp;5958678 |
| &nbsp;&nbsp;4147000 | Lightning Power LLC, 7.25%, 8/15/32(a) | &nbsp;&nbsp;&nbsp;4364573 |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay High Yield Bond Fund (cont.)

------

June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Value** |
| $4508000 | Long Ridge Energy LLC, 8.75%, 2/15/32(a) | $4683844 |
| &nbsp;&nbsp;2971000 | Macy's Retail Holdings LLC, 6.13%, 3/15/32(a) | &nbsp;&nbsp;&nbsp;2837070 |
| &nbsp;&nbsp;2824000 | McGraw-Hill Education, Inc., 5.75%, 8/1/28(a) | &nbsp;&nbsp;&nbsp;2834605 |
| &nbsp;&nbsp;2900000 | McGraw-Hill Education, Inc., 7.38%, 9/1/31(a) | &nbsp;&nbsp;&nbsp;3025033 |
| &nbsp;&nbsp;4622000 | Medline Borrower LP, 3.88%, 4/1/29(a) | &nbsp;&nbsp;&nbsp;4437763 |
| &nbsp;&nbsp;5644000 | MGM Resorts International, 4.75%, 10/15/28 | &nbsp;&nbsp;&nbsp;5574215 |
| &nbsp;&nbsp;3213000 | Nationstar Mortgage Holdings, Inc., 5.00%, 2/1/26(a) | &nbsp;&nbsp;&nbsp;3209065 |
| &nbsp;&nbsp;1767000 | Nationstar Mortgage Holdings, Inc., 6.00%, 1/15/27(a) | &nbsp;&nbsp;&nbsp;1768927 |
| &nbsp;&nbsp;&nbsp;&nbsp;916000 | Nationstar Mortgage Holdings, Inc., 6.50%, 8/1/29(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;935144 |
| &nbsp;&nbsp;2276000 | Nationstar Mortgage Holdings, Inc., 7.13%, 2/1/32(a) | &nbsp;&nbsp;&nbsp;2364569 |
| &nbsp;&nbsp;3207000 | Navient Corp., 7.88%, 6/15/32 | &nbsp;&nbsp;&nbsp;3336419 |
| &nbsp;&nbsp;3670000 | NCL Corp. Ltd., 6.75%, 2/1/32(a) | &nbsp;&nbsp;&nbsp;3749072 |
| &nbsp;&nbsp;3433000 | Neptune Bidco US, Inc., 9.29%, 4/15/29(a) | &nbsp;&nbsp;&nbsp;3343023 |
| &nbsp;&nbsp;8077000 | NESCO Holdings II, Inc., 5.50%, 4/15/29(a) | &nbsp;&nbsp;&nbsp;7850183 |
| &nbsp;&nbsp;2760000 | Newell Brands, Inc., 8.50%, 6/1/28(a) | &nbsp;&nbsp;&nbsp;2906453 |
| &nbsp;&nbsp;9614000 | Nissan Motor Acceptance Co. LLC, 1.85%, 9/16/26(a) | &nbsp;&nbsp;&nbsp;9178847 |
| &nbsp;&nbsp;7771000 | Novelis Corp., 3.25%, 11/15/26(a) | &nbsp;&nbsp;&nbsp;7643810 |
| &nbsp;&nbsp;5244000 | OneMain Finance Corp., 9.00%, 1/15/29 | &nbsp;&nbsp;&nbsp;5501139 |
| &nbsp;&nbsp;4353000 | OneSky Flight LLC, 8.88%, 12/15/29(a) | &nbsp;&nbsp;&nbsp;4531044 |
| &nbsp;&nbsp;3279000 | OT Midco, Inc., 10.00%, 2/15/30(a) | &nbsp;&nbsp;&nbsp;2535323 |
| &nbsp;&nbsp;6272000 | Paramount Global, 6.38%, 3/30/62(d) | &nbsp;&nbsp;&nbsp;6145151 |
| &nbsp;&nbsp;5833000 | Pike Corp., 5.50%, 9/1/28(a) | &nbsp;&nbsp;&nbsp;5825261 |
| &nbsp;&nbsp;5496000 | Planet Financial Group LLC, 10.50%, 12/15/29(a) | &nbsp;&nbsp;&nbsp;5499296 |
| &nbsp;&nbsp;6125000 | PRA Group, Inc., 8.88%, 1/31/30(a) | &nbsp;&nbsp;&nbsp;6369506 |
| &nbsp;&nbsp;4060000 | Prairie Acquiror LP, 9.00%, 8/1/29(a) | &nbsp;&nbsp;&nbsp;4231553 |
| &nbsp;&nbsp;2819000 | Prime Security Services Borrower LLC / Prime Finance, Inc., 3.38%, 8/31/27(a) | &nbsp;&nbsp;&nbsp;2727094 |
| &nbsp;&nbsp;6317000 | Raven Acquisition Holdings LLC, 6.88%, 11/15/31(a) | &nbsp;&nbsp;&nbsp;6312547 |
| &nbsp;&nbsp;3124000 | Rfna LP, 7.88%, 2/15/30(a) | &nbsp;&nbsp;&nbsp;3196570 |
| &nbsp;&nbsp;4786000 | Rocket Software, Inc., 9.00%, 11/28/28(a) | &nbsp;&nbsp;&nbsp;4937216 |
| &nbsp;&nbsp;3410000 | Rockies Express Pipeline LLC, 6.75%, 3/15/33(a) | &nbsp;&nbsp;&nbsp;3561092 |
| &nbsp;&nbsp;5125000 | Royal Caribbean Cruises Ltd., 4.25%, 7/1/26(a) | &nbsp;&nbsp;&nbsp;5099507 |
| &nbsp;&nbsp;1900000 | SBA Communications Corp., REIT, 3.88%, 2/15/27 | &nbsp;&nbsp;&nbsp;1869313 |
| &nbsp;&nbsp;3523000 | Sealed Air Corp., 4.00%, 12/1/27(a) | &nbsp;&nbsp;&nbsp;3434738 |
| &nbsp;&nbsp;4212000 | Sinclair Television Group, Inc., 8.13%, 2/15/33(a) | &nbsp;&nbsp;&nbsp;4266181 |
| &nbsp;&nbsp;2853000 | Sirius XM Radio LLC, 3.13%, 9/1/26(a) | &nbsp;&nbsp;&nbsp;2800508 |
| &nbsp;&nbsp;6387000 | Sirius XM Radio LLC, 4.00%, 7/15/28(a) | &nbsp;&nbsp;&nbsp;6133899 |
| &nbsp;&nbsp;4118000 | Six Flags Entertainment Corp., 7.25%, 5/15/31(a) | &nbsp;&nbsp;&nbsp;4231245 |
| &nbsp;&nbsp;2221000 | Six Flags Entertainment Corp. / Canada's Wonderland Co. / Magnum Management Corp., 5.38%, 4/15/27 | &nbsp;&nbsp;&nbsp;2215142 |
| &nbsp;&nbsp;6699000 | Smyrna Ready Mix Concrete LLC, 6.00%, 11/1/28(a) | &nbsp;&nbsp;&nbsp;6683620 |
| &nbsp;&nbsp;2852000 | Specialty Building Products Holdings LLC / SBP Finance Corp., 7.75%, 10/15/29(a) | &nbsp;&nbsp;&nbsp;2804805 |
| &nbsp;&nbsp;4787000 | Standard Industries, Inc., 5.00%, 2/15/27(a) | &nbsp;&nbsp;&nbsp;4772562 |
| &nbsp;&nbsp;3566000 | Stonex Escrow Issuer LLC, 6.88%, 7/15/32(a) | &nbsp;&nbsp;&nbsp;3603391 |
| &nbsp;&nbsp;2735000 | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp., 7.38%, 2/15/29(a) | &nbsp;&nbsp;&nbsp;2810283 |
| &nbsp;&nbsp;2285000 | Tenet Healthcare Corp., 6.13%, 10/1/28 | &nbsp;&nbsp;&nbsp;2287853 |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay High Yield Bond Fund (cont.)

------

June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Value** |
| $3295000 | Tenneco, Inc., 8.00%, 11/17/28(a) | &nbsp;&nbsp;&nbsp;&nbsp;$3258187 |
| &nbsp;&nbsp;2387000 | U.S. Foods, Inc., 6.88%, 9/15/28(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2468461 |
| &nbsp;&nbsp;3465000 | Under Armour, Inc., 7.25%, 7/15/30(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3516084 |
| &nbsp;&nbsp;4516000 | United Airlines, Inc., 4.63%, 4/15/29(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4384826 |
| &nbsp;&nbsp;7364000 | Uniti Group LP / Uniti Group Finance 2019, Inc. / CSL Capital LLC, REIT, 8.63%, 6/15/32(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7440958 |
| &nbsp;&nbsp;3230000 | Univision Communications, Inc., 6.63%, 6/1/27(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3222172 |
| &nbsp;&nbsp;4196000 | Venture Global LNG, Inc., 7.00%, 1/15/30(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4246374 |
| &nbsp;&nbsp;4486000 | Venture Global LNG, Inc., 9.00%, (a),(d),(e) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4372274 |
| &nbsp;&nbsp;3066000 | Venture Global Plaquemines LNG LLC, 6.50%, 1/15/34(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3066000 |
| &nbsp;&nbsp;3066000 | Venture Global Plaquemines LNG LLC, 6.75%, 1/15/36(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3066000 |
| &nbsp;&nbsp;4368000 | Venture Global Plaquemines LNG LLC, 7.50%, 5/1/33(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4679375 |
| &nbsp;&nbsp;4983000 | Viasat, Inc., 7.50%, 5/30/31(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4317902 |
| &nbsp;&nbsp;1159000 | ViaSat, Inc., 5.63%, 4/15/27(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1154900 |
| &nbsp;&nbsp;6580000 | Vital Energy, Inc., 7.88%, 4/15/32(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5619484 |
| &nbsp;&nbsp;&nbsp;&nbsp;372649 | Voyager Aviation Holdings LLC, 8.50%, 5/9/26(a),(b),(c),(h) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;2795000 | Voyager Parent LLC, 9.25%, 7/1/32(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2913105 |
| &nbsp;&nbsp;5978000 | Warnermedia Holdings, Inc., 5.05%, 3/15/42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4017156 |
| &nbsp;&nbsp;4635000 | WEX, Inc., 6.50%, 3/15/33(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4675301 |
| &nbsp;&nbsp;2556000 | Whirlpool Corp., 6.13%, 6/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2579649 |
| &nbsp;&nbsp;3837000 | Whirlpool Corp., 6.50%, 6/15/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3848996 |
| &nbsp;&nbsp;3021000 | XPLR Infrastructure Operating Partners LP, 8.38%, 1/15/31(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3226565 |
| &nbsp;&nbsp;2265000 | XPLR Infrastructure Operating Partners LP, 8.63%, 3/15/33(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2428323 |
|  |  | &nbsp;&nbsp;&nbsp;653680636 |
| **Total Corporate Bonds** | **Total Corporate Bonds** | &nbsp;&nbsp;&nbsp;**836791298** |
| (Cost $822,883,801) | (Cost $822,883,801) |  |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  |  |
| **Common Stocks — 0.00%** | **Common Stocks — 0.00%** |  |
| **United Kingdom — 0.00%** | **United Kingdom — 0.00%** |  |
| 12023 | AVTCAP WARR(i),\* | 8598 |
| **United States — 0.00%** | **United States — 0.00%** |  |
| 70137 | Quintis Ltd.(b),(c),\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| **Total Common Stocks** | **Total Common Stocks** | **8598** |
| (Cost $2) | (Cost $2) |  |
| **Rights/Warrants — 0.00%** | **Rights/Warrants — 0.00%** |  |
| **Mexico — 0.00%** | **Mexico — 0.00%** |  |
| &nbsp;&nbsp;3026 | Urbi Desarrollos Urbanos SAB de CV Warrants, Expire 12/31/49(b),(c),(i),\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| **Total Rights/Warrants** | **Total Rights/Warrants** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0** |
| (Cost $0) | (Cost $0) |  |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC BlueBay High Yield Bond Fund (cont.)

------

June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
| **Investment Company — 3.6%** | **Investment Company — 3.6%** |  |
| 30766470 | RBC BlueBay U.S. Government Money Market Fund,<br> Institutional Class 1 (j) | &nbsp;&nbsp;$30766470 |
| **Total Investment Company** | **Total Investment Company** | &nbsp;&nbsp;&nbsp;&nbsp;**30766470** |
| (Cost $30,766,470) | (Cost $30,766,470) |  |
| **Total Investments** | **Total Investments** | **$867566366** |
| (Cost $853,650,273) — 100.6% | (Cost $853,650,273) — 100.6% |  |
| **Liabilities in excess of other assets — (0.6)%** | **Liabilities in excess of other assets — (0.6)%** | &nbsp;&nbsp;&nbsp;&nbsp;**(5053826)** |
| **NET ASSETS — 100.0%** | **NET ASSETS — 100.0%** | **$862512540** |

---

------

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

(c) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

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

(e) Perpetual security with no stated maturity date.

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

(g) Variable rate security. The rate reflected in the Schedule of Portfolio Investments is the rate in effect on June 30, 2025.

(h) Issuer filed for bankruptcy and/or is in default of interest payments.

(i) Security delisted or issuer in bankruptcy.

(j) Affiliated investment.

\* Non-income producing security.

Abbreviations used are defined below: <br> REIT - Real Estate Investment Trust <br> SOFR - Secured Overnight Financing Rate

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Minneapolis

  - **State:** MN

  - **Foreign country:** US

  - **Zip / Postal Code:** 55401

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

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

- **a. Name of Series:** RBC BlueBay High Yield Bond Fund

- **b. EDGAR series identifier (if any):** S000033481

- **c. LEI of Series:** 549300R60UYQ0PTUI721

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $880746148.64

**Total Liabilities:** $19509639.52

**Net Assets:** $861236509.12

**Delayed Delivery Securities:** $11135753.75

**Cash Not Reported:** $237471.87

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00150000 | **1-Year:** 0.01270000 | **5-Year:** 0.01130000 | **10-Year:** 0.04120000 | **30-Year:** 0.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.03460000 | **5-Year:** 0.58750000 | **10-Year:** 0.17880000 | **30-Year:** 0.17180000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000102921 | -0.09%               | 2.10%                | 1.45%                |
| Class ID C000102922 | -0.07%               | 2.00%                | 1.55%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2651816.81             | $-2722089.54                               |
| Month 2  | $386350.34               | $11291148.53                               |
| Month 3  | $-533916.93              | $8566326.21                                |

**Designated Index Information**

- **Index Name:** ICE BofA US High Yield Index

- **Index Identifier:** H0A0

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ONESKY FLIGHT LLC                           | OneSky Flight LLC                                                                | CUSIP: 68278CAA3<br>LEI: 549300PM6NEPXGG5B882 | Long             | DBT              | CORP              | US        |   4353000 | PA      | $4531044.31   | 0.53%             | 2029-12-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                       | Level 3 Financing Inc                                                            | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   6388000 | PA      | $6499471.26   | 0.75%             | 2033-06-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| NEW GOLD INC                                | New Gold Inc                                                                     | CUSIP: 644535AJ5<br>LEI: 5493005G0GNCHP0H6L96 | Long             | DBT              | CORP              | CA        |   4278000 | PA      | $4407769.96   | 0.51%             | 2032-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ARDONAGH GROUP FINANCE                      | Ardonagh Group Finance Ltd                                                       | CUSIP: 039956AA5<br>LEI: 254900SRT1BTAJ76NW62 | Long             | DBT              | CORP              | JE        |   5201000 | PA      | $5472938.89   | 0.64%             | 2032-02-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                        | OneMain Finance Corp                                                             | CUSIP: 682695AA9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   5244000 | PA      | $5501138.93   | 0.64%             | 2029-01-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                              | 1261229 BC Ltd                                                                   | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   7746000 | PA      | $7815433.31   | 0.91%             | 2032-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                         | United Airlines Inc                                                              | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |   4516000 | PA      | $4384825.89   | 0.51%             | 2029-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SPECIALTY BUILDING PRODU                    | Specialty Building Products Holdings LLC / SBP Finance Corp                      | CUSIP: 84749AAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2852000 | PA      | $2804804.97   | 0.33%             | 2029-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                          | Ally Financial Inc                                                               | CUSIP: 02005NBY5<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   4212000 | PA      | $4139103.37   | 0.48%             | 2040-01-17      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| CONNECT FINCO SARL/CONNE                    | Connect Finco SARL / Connect US Finco LLC                                        | CUSIP: 20752TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   6853000 | PA      | $6901579.51   | 0.80%             | 2029-09-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                      | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5804000 | PA      | $6053073.87   | 0.70%             | 2031-03-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| URBI DESARROLLOS URBANOS SAB DE CV          | URBI DESARROLLOS URBANOS SAB DE CV WARRANTS                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | MX        |      3026 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| SOCIETE GENERALE                            | Societe Generale SA                                                              | CUSIP: 83370RAD0<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   4043000 | PA      | $4227383.93   | 0.49%             | N/A             | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                        | Chart Industries Inc                                                             | CUSIP: 16115QAG5<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |   5929000 | PA      | $6323752.89   | 0.73%             | 2031-01-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                    | Univision Communications Inc                                                     | CUSIP: 914906AU6<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   3230000 | PA      | $3222172.22   | 0.37%             | 2027-06-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| INTELLIGENT PACKAGING                       | Intelligent Packaging Ltd Finco Inc / Intelligent Packaging Ltd Co-Issuer LLC    | CUSIP: 45827MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   8001000 | PA      | $8001000.00   | 0.93%             | 2028-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                         | Sirius XM Radio LLC                                                              | CUSIP: 82967NBL1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   2853000 | PA      | $2800507.76   | 0.33%             | 2026-09-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                         | Sirius XM Radio LLC                                                              | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   6387000 | PA      | $6133898.58   | 0.71%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                      | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 43734LAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3213000 | PA      | $3209064.78   | 0.37%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WEX INC                                     | WEX Inc                                                                          | CUSIP: 96208TAD6<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | DBT              | CORP              | US        |   4635000 | PA      | $4675300.68   | 0.54%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| DELEK LOG PART/FINANCE                      | Delek Logistics Partners LP / Delek Logistics Finance Corp                       | CUSIP: 24665FAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4765000 | PA      | $4743890.30   | 0.55%             | 2033-06-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                       | Mineral Resources Ltd                                                            | CUSIP: 603051AE3<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |   3001000 | PA      | $3063905.83   | 0.36%             | 2028-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| BCPE ULYSSES INTERMEDIAT                    | BCPE Ulysses Intermediate Inc                                                    | CUSIP: 05553LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3500333 | PA      | $3377584.66   | 0.39%             | 2027-04-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| SMYRNA READY MIX CONCRET                    | Smyrna Ready Mix Concrete LLC                                                    | CUSIP: 85236FAA1<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |   6699000 | PA      | $6683619.95   | 0.78%             | 2028-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                       | Tenet Healthcare Corp                                                            | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   2285000 | PA      | $2287852.86   | 0.27%             | 2028-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                    | Ford Motor Credit Co LLC                                                         | CUSIP: 345397E74<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   2134000 | PA      | $2150804.36   | 0.25%             | 2027-05-17      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| NOMURA HOLDINGS INC                         | Nomura Holdings Inc                                                              | CUSIP: 65535HCC1<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |   3774000 | PA      | $3820786.32   | 0.44%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| KEYCORP                                     | KeyCorp                                                                          | CUSIP: 493267AK4<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |   2056000 | PA      | $2031430.44   | 0.24%             | N/A             | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                             | Gen Digital Inc                                                                  | CUSIP: 668771AK4<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |   3471000 | PA      | $3533836.95   | 0.41%             | 2027-09-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AVTCAP WARR                                 | AVTCAP WARR                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |     12023 | NS      | $8598.26      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                       | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |   3602000 | PA      | $3740512.65   | 0.43%             | 2029-02-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| BEACON MOBILITY CORP                        | Beacon Mobility Corp                                                             | CUSIP: 073644AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4338000 | PA      | $4427149.22   | 0.51%             | 2030-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                    | Discovery Communications LLC                                                     | CUSIP: 25470DAR0<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2065645.62   | 0.24%             | 2028-03-20      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                | Fibercop SpA                                                                     | CUSIP: 683879AB6<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |   2858000 | PA      | $2772626.85   | 0.32%             | 2033-11-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PRAIRIE ACQUIROR LP                         | Prairie Acquiror LP                                                              | CUSIP: 73943NAA4<br>LEI: 254900Q6KU2LVSIISH22 | Long             | DBT              | CORP              | US        |   4060000 | PA      | $4231552.90   | 0.49%             | 2029-08-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| APH/APH2/APH3/AQUARIAN                      | APH Somerset Investor 2 LLC / APH2 Somerset Investor 2 LLC / APH3 Somerset Inves | CUSIP: 00188QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5206000 | PA      | $5325799.09   | 0.62%             | 2029-11-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                           | Herc Holdings Inc                                                                | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   3056000 | PA      | $3199622.27   | 0.37%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| STONEX ESCROW ISSUER LLC                    | Stonex Escrow Issuer LLC                                                         | CUSIP: 86189AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3566000 | PA      | $3603390.51   | 0.42%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                         | LBM Acquisition LLC                                                              | CUSIP: 05552BAA4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |   3719000 | PA      | $3236788.80   | 0.38%             | 2029-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                              | Bombardier Inc                                                                   | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   3842000 | PA      | $3979727.49   | 0.46%             | 2033-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CABLEVISION LIGHTPATH                       | Cablevision Lightpath LLC                                                        | CUSIP: 12687GAA7<br>LEI: 5493002ZVBLRLGES1R71 | Long             | DBT              | CORP              | US        |   2469000 | PA      | $2380274.79   | 0.28%             | 2027-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ZIGGO BOND CO BV                            | Ziggo Bond Co BV                                                                 | CUSIP: 98953GAD7<br>LEI: 213800JYI4P7V5QDOG59 | Long             | DBT              | CORP              | NL        |   2130000 | PA      | $1852486.57   | 0.22%             | 2030-02-28      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC                    | Prime Security Services Borrower LLC / Prime Finance Inc                         | CUSIP: 74166MAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2819000 | PA      | $2727094.23   | 0.32%             | 2027-08-31      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CMG MEDIA CORPORATION                       | CMG Media Corp                                                                   | CUSIP: 125773AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4547716 | PA      | $4325952.74   | 0.50%             | 2029-06-18      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                | US Foods Inc                                                                     | CUSIP: 90290MAG6<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |   2387000 | PA      | $2468461.11   | 0.29%             | 2028-09-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| NORDEA BANK ABP                             | Nordea Bank Abp                                                                  | CUSIP: 000000000<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   5054000 | PA      | $4919010.43   | 0.57%             | N/A             | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                          | Ardonagh Finco Ltd                                                               | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |   4640000 | PA      | $4849158.47   | 0.56%             | 2031-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                            | Vmed O2 UK Financing I PLC                                                       | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |   6772000 | PA      | $6263129.81   | 0.73%             | 2031-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                                | ADT Security Corp/The                                                            | CUSIP: 00109LAA1<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |   3054000 | PA      | $2947062.66   | 0.34%             | 2029-08-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PRA GROUP INC                               | PRA Group Inc                                                                    | CUSIP: 69354NAF3<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |   6125000 | PA      | $6369506.23   | 0.74%             | 2030-01-31      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                     | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2735000 | PA      | $2810282.76   | 0.33%             | 2029-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                    | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AP6<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   3881000 | PA      | $3964142.34   | 0.46%             | 2029-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BREAD FINANCIAL HLDGS                       | Bread Financial Holdings Inc                                                     | CUSIP: 018581AP3<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |   3818000 | PA      | $4110611.00   | 0.48%             | 2029-03-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                    | Discovery Communications LLC                                                     | CUSIP: 25470DAS8<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $1803291.86   | 0.21%             | 2037-09-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                      | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPBR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3350000 | PA      | $3350647.83   | 0.39%             | 2026-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                       | Level 3 Financing Inc                                                            | CUSIP: 527298BV4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   3373405 | PA      | $3881953.26   | 0.45%             | 2029-11-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                      | Venture Global LNG Inc                                                           | CUSIP: 92332YAE1<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   4196000 | PA      | $4246374.22   | 0.49%             | 2030-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ENVIRI CORP                                 | Enviri Corp                                                                      | CUSIP: 415864AM9<br>LEI: KAO98FK89NPNNPQGUZ43 | Long             | DBT              | CORP              | US        |   4456000 | PA      | $4400404.14   | 0.51%             | 2027-07-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VOYAGER AVIATION HOLD                       | Voyager Aviation Holdings LLC                                                    | CUSIP: 92918XAA3<br>LEI: 549300KHOKL1CX4NIJ92 | Long             | DBT              | CORP              | US        |    372649 | PA      | $0.37         | 0.00%             | 2026-05-09      | Fixed         | 8.50%                 | No            |                  3 | On Loan: No      |
| NATIONSTAR MTG HLD INC                      | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    916000 | PA      | $935144.07    | 0.11%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                         | Altice Financing SA                                                              | CUSIP: 02154CAH6<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |   6671000 | PA      | $4886507.50   | 0.57%             | 2029-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DOMTAR CORP                                 | Domtar Corp                                                                      | CUSIP: 70478JAA2<br>LEI: XYSIJOU3HNVROZWNA008 | Long             | DBT              | CORP              | US        |   5103000 | PA      | $4617823.55   | 0.54%             | 2028-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FOUNDATION BUILDING M                       | Foundation Building Materials Inc                                                | CUSIP: 350392AA4<br>LEI: 549300ZVE6MONHB01I28 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2754261.78   | 0.32%             | 2029-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VIASAT INC                                  | Viasat Inc                                                                       | CUSIP: 92552VAR1<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |   5089000 | PA      | $4409753.84   | 0.51%             | 2031-05-30      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GRIFFON CORPORATION                         | Griffon Corp                                                                     | CUSIP: 398433AP7<br>LEI: 5493000C2SGNC7ZN3242 | Long             | DBT              | CORP              | US        |   5259000 | PA      | $5253643.94   | 0.61%             | 2028-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DEALER TIRE LLC/DT ISSR                     | Dealer Tire LLC / DT Issuer LLC                                                  | CUSIP: 24229JAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2907000 | PA      | $2800686.15   | 0.33%             | 2028-02-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                | Barclays PLC                                                                     | CUSIP: 06738EBX2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   3805000 | PA      | $3992403.38   | 0.46%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                           | Iliad Holding SASU                                                               | CUSIP: 449691AC8<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |   3358000 | PA      | $3418103.49   | 0.40%             | 2028-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                    | Banco Mercantil del Norte SA/Grand Cayman                                        | CUSIP: 05971PAD0<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |   3010000 | PA      | $3055211.00   | 0.35%             | N/A             | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                       | Mineral Resources Ltd                                                            | CUSIP: 603051AC7<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |   2932000 | PA      | $2938006.73   | 0.34%             | 2027-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                    | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   6177000 | PA      | $6061687.47   | 0.70%             | 2028-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                            | CSC Holdings LLC                                                                 | CUSIP: 126307AY3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   3221000 | PA      | $2406402.43   | 0.28%             | 2028-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MACY'S RETAIL HLDGS LLC                     | Macy's Retail Holdings LLC                                                       | CUSIP: 55617LAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2971000 | PA      | $2837070.08   | 0.33%             | 2032-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                         | Altice Financing SA                                                              | CUSIP: 02154CAJ2<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |   2204000 | PA      | $1897346.21   | 0.22%             | 2027-07-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                         | Medline Borrower LP                                                              | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   4622000 | PA      | $4437762.62   | 0.52%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                      | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 00489LAK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4582000 | PA      | $4739776.72   | 0.55%             | 2029-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                         | Avantor Funding Inc                                                              | CUSIP: 05352TAB5<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |   2909000 | PA      | $2753692.33   | 0.32%             | 2029-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                | Novelis Corp                                                                     | CUSIP: 670001AG1<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |   7771000 | PA      | $7643810.00   | 0.89%             | 2026-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                      | Cloud Software Group Inc                                                         | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   8971000 | PA      | $9052585.02   | 1.05%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NESCO HOLDINGS II INC                       | NESCO Holdings II Inc                                                            | CUSIP: 64083YAA9<br>LEI: 254900FAHT0HW9T6L409 | Long             | DBT              | CORP              | US        |   8077000 | PA      | $7850182.96   | 0.91%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                            | MGM Resorts International                                                        | CUSIP: 552953CH2<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |   5644000 | PA      | $5574215.23   | 0.65%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                      | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3842000 | PA      | $3828875.52   | 0.44%             | 2027-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ROCKET SOFTWARE INC                         | Rocket Software Inc                                                              | CUSIP: 77314EAB4<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |   4786000 | PA      | $4937216.39   | 0.57%             | 2028-11-28      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                        | Garda World Security Corp                                                        | CUSIP: 36485MAK5<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |   3462000 | PA      | $3441272.60   | 0.40%             | 2027-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                      | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 00489LAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5842000 | PA      | $6033355.89   | 0.70%             | 2030-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP                    | Citizens Financial Group Inc                                                     | CUSIP: 174610AP0<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |   4846000 | PA      | $4846447.59   | 0.56%             | N/A             | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| SUNRISE HOLDCO IV BV                        | Sunrise HoldCo IV BV                                                             | CUSIP: 90320LAG2<br>LEI: 213800G1DU7LKI6ZCD69 | Long             | DBT              | CORP              | NL        |   5172000 | PA      | $5124876.05   | 0.60%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC LLC/INC                    | Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower Inc        | CUSIP: 43283QAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2705000 | PA      | $2748309.41   | 0.32%             | 2032-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                           | Iron Mountain Inc                                                                | CUSIP: 46284VAC5<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |   5650000 | PA      | $5615291.02   | 0.65%             | 2027-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                        | LifePoint Health Inc                                                             | CUSIP: 53219LAV1<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |   2217000 | PA      | $2400029.18   | 0.28%             | 2030-08-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| CONTOURGLOBAL POWER HLDG                    | ContourGlobal Power Holdings SA                                                  | CUSIP: 21220LAB9<br>LEI: 549300O5AGIFK0PQ1516 | Long             | DBT              | CORP              | LU        |   5274000 | PA      | $5434166.45   | 0.63%             | 2030-02-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                         | NOVA Chemicals Corp                                                              | CUSIP: 66977WAS8<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |   6620000 | PA      | $6368691.68   | 0.74%             | 2029-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                | Barclays PLC                                                                     | CUSIP: 06738ECN3<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   3726000 | PA      | $4152076.26   | 0.48%             | N/A             | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN                    | Jefferies Finance LLC / JFIN Co-Issuer Corp                                      | CUSIP: 47232MAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2971000 | PA      | $2873017.77   | 0.33%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                        | Edison International                                                             | CUSIP: 281020AT4<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   2789000 | PA      | $2414516.74   | 0.28%             | N/A             | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                      | Venture Global LNG Inc                                                           | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   4486000 | PA      | $4372273.76   | 0.51%             | N/A             | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                     | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAC9<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   9614000 | PA      | $9178847.43   | 1.07%             | 2026-09-16      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                      | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 98380MAB1<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |   2265000 | PA      | $2428323.45   | 0.28%             | 2033-03-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                     | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4608000 | PA      | $4586327.37   | 0.53%             | 2027-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| RBC BlueBay US Government Money Market Fund | RBC BlueBay US Government Money Market Fund                                      | CUSIP: 74926P696<br>LEI: 549300RFDC5U7WLJKO50 | Long             | STIV             | RF                | US        |  35305389 | NS      | $35305389.24  | 4.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CABLEVISION LIGHTPATH                       | Cablevision Lightpath LLC                                                        | CUSIP: 12687GAB5<br>LEI: 5493002ZVBLRLGES1R71 | Long             | DBT              | CORP              | US        |   3007000 | PA      | $2913145.71   | 0.34%             | 2028-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP                      | AmeriGas Partners LP / AmeriGas Finance Corp                                     | CUSIP: 030981AM6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6531000 | PA      | $6733414.72   | 0.78%             | 2028-06-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| FERRELLGAS LP/FERRELLGAS                    | Ferrellgas LP / Ferrellgas Finance Corp                                          | CUSIP: 315289AC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4605000 | PA      | $4262994.86   | 0.49%             | 2029-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                      | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4174000 | PA      | $3884606.90   | 0.45%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS/CANADA WON                        | Six Flags Entertainment Corp / Canada's Wonderland Co / Magnum Management Corp   | CUSIP: 150190AB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2221000 | PA      | $2215142.35   | 0.26%             | 2027-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                     | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                  | CUSIP: 91327TAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7364000 | PA      | $7440958.45   | 0.86%             | 2032-06-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                             | Sealed Air Corp                                                                  | CUSIP: 81211KAY6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |   3523000 | PA      | $3434737.85   | 0.40%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GAP INC/THE                                 | Gap Inc/The                                                                      | CUSIP: 364760AQ1<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |   3474000 | PA      | $3111172.96   | 0.36%             | 2031-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                    | Ford Motor Credit Co LLC                                                         | CUSIP: 345397B77<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   5944000 | PA      | $5787716.22   | 0.67%             | 2026-08-10      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                        | LifePoint Health Inc                                                             | CUSIP: 53219LAW9<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |   5392000 | PA      | $5958677.75   | 0.69%             | 2030-10-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORP                     | SBA Communications Corp                                                          | CUSIP: 78410GAD6<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1869312.67   | 0.22%             | 2027-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TOUCAN FINCO LTD/CAN/US                     | Toucan FinCo Ltd/Toucan FinCo Can Inc/Toucan FinCo US LLC                        | CUSIP: 89157UAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   7669000 | PA      | $7831092.74   | 0.91%             | 2030-05-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                          | Voyager Parent LLC                                                               | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |   2795000 | PA      | $2913104.86   | 0.34%             | 2032-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| BOOST NEWCO BORROWER LLC                    | Boost Newco Borrower LLC                                                         | CUSIP: 36268NAA8<br>LEI: 254900S8RE1OL7TTCU64 | Long             | DBT              | CORP              | US        |   3311000 | PA      | $3516623.89   | 0.41%             | 2031-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                          | Credit Agricole SA                                                               | CUSIP: 000000000<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   2823000 | PA      | $2758102.39   | 0.32%             | N/A             | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                       | Directv Financing LLC                                                            | CUSIP: 25461LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4153000 | PA      | $4089000.59   | 0.47%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| RAVEN ACQUISITION HOLDIN                    | Raven Acquisition Holdings LLC                                                   | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6317000 | PA      | $6312546.77   | 0.73%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ALTAGAS LTD                                 | AltaGas Ltd                                                                      | CUSIP: 021361AD2<br>LEI: 2549008X5V70MOS4HM10 | Long             | DBT              | CORP              | CA        |   5806000 | PA      | $5800135.18   | 0.67%             | 2054-10-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                          | Vodafone Group PLC                                                               | CUSIP: 92857WBW9<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |   4716000 | PA      | $4306819.80   | 0.50%             | 2081-06-04      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| AMERITEX HOLDCO INTERMED                    | AmeriTex HoldCo Intermediate LLC                                                 | CUSIP: 030727AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10067000 | PA      | $10686719.52  | 1.24%             | 2028-10-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                    | Banco Mercantil del Norte SA/Grand Cayman                                        | CUSIP: 05971PAE8<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |   3018000 | PA      | $3040637.85   | 0.35%             | N/A             | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                         | Altice Financing SA                                                              | CUSIP: 02154CAF0<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |   5868000 | PA      | $4417589.03   | 0.51%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                     | Allied Universal Holdco LLC                                                      | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |   6805000 | PA      | $7113979.50   | 0.83%             | 2031-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| LONG RIDGE ENERGY LLC                       | Long Ridge Energy LLC                                                            | CUSIP: 54288CAA1<br>LEI: 984500764EC9AZ2FC764 | Long             | DBT              | CORP              | US        |   4508000 | PA      | $4683843.55   | 0.54%             | 2032-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                          | Ally Financial Inc                                                               | CUSIP: 02005NBM1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   4852000 | PA      | $4677915.14   | 0.54%             | N/A             | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| OT MIDCO INC                                | OT Midco Inc                                                                     | CUSIP: 68877AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3279000 | PA      | $2535322.98   | 0.29%             | 2030-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                              | Gray Media Inc                                                                   | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   2577000 | PA      | $2769110.36   | 0.32%             | 2029-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                            | CSC Holdings LLC                                                                 | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   6300000 | PA      | $3118483.03   | 0.36%             | 2030-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                            | CSC Holdings LLC                                                                 | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   4829000 | PA      | $4805702.42   | 0.56%             | 2028-05-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                       | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   4368000 | PA      | $4679375.20   | 0.54%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINANCING I                      | Vmed O2 UK Financing I PLC                                                       | CUSIP: 92858RAD2<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |   2021000 | PA      | $2099902.41   | 0.24%             | 2032-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                      | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 00489LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2961000 | PA      | $2846250.75   | 0.33%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                      | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2276000 | PA      | $2364568.68   | 0.27%             | 2032-02-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                           | Herc Holdings Inc                                                                | CUSIP: 42704LAA2<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   4609000 | PA      | $4607146.96   | 0.53%             | 2027-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                      | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2232000 | PA      | $2216539.92   | 0.26%             | 2027-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                       | McGraw-Hill Education Inc                                                        | CUSIP: 57767XAA8<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |   2824000 | PA      | $2834605.16   | 0.33%             | 2028-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINME                       | Six Flags Entertainment Corp                                                     | CUSIP: 83001AAD4<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |   4118000 | PA      | $4231245.00   | 0.49%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                    | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   4055000 | PA      | $4292617.63   | 0.50%             | 2032-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS                      | Axalta Coating Systems LLC                                                       | CUSIP: 05453GAC9<br>LEI: 549300G80QONCHILSF69 | Long             | DBT              | CORP              | US        |   3148000 | PA      | $2977806.28   | 0.35%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPER PARTNERS                    | Brandywine Operating Partnership LP                                              | CUSIP: 105340AS2<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              | CORP              | US        |   3521000 | PA      | $3811519.13   | 0.44%             | 2029-04-12      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                    | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4201000 | PA      | $4335857.00   | 0.50%             | 2030-04-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                         | NOVA Chemicals Corp                                                              | CUSIP: 66977WAU3<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |   2474000 | PA      | $2671742.45   | 0.31%             | 2030-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                       | Level 3 Financing Inc                                                            | CUSIP: 527298CF8<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   3133650 | PA      | $2725272.17   | 0.32%             | 2030-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                       | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |   2102000 | PA      | $2121269.71   | 0.25%             | 2032-04-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS                    | Focus Financial Partners LLC                                                     | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |   2705000 | PA      | $2761910.83   | 0.32%             | 2031-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BANCO BILBAO VIZCAYA ARG                    | Banco Bilbao Vizcaya Argentaria SA                                               | CUSIP: 05946KAS0<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |   6465000 | PA      | $6553537.63   | 0.76%             | N/A             | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                        | Neptune Bidco US Inc                                                             | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |   3433000 | PA      | $3343023.35   | 0.39%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| ANYWHERE REAL EST/CO-ISS                    | Anywhere Real Estate Group LLC / Anywhere Co-Issuer Corp                         | CUSIP: 75606DAS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7391167 | PA      | $6901641.57   | 0.80%             | 2030-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LEEWARD RENEWABL                            | Leeward Renewable Energy Operations LLC                                          | CUSIP: 524590AA4<br>LEI: 254900EVJU1A57NUX379 | Long             | DBT              | CORP              | US        |   4936000 | PA      | $4608303.94   | 0.54%             | 2029-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AMC NETWORKS INC                            | AMC Networks Inc                                                                 | CUSIP: 00164VAG8<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |   3979000 | PA      | $4126977.09   | 0.48%             | 2029-01-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| FORESTAR GROUP INC                          | Forestar Group Inc                                                               | CUSIP: 346232AE1<br>LEI: 549300BC2UB0GHV60V70 | Long             | DBT              | CORP              | US        |   4605000 | PA      | $4538662.64   | 0.53%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                           | Rakuten Group Inc                                                                | CUSIP: 75102WAG3<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |   3796000 | PA      | $4124048.83   | 0.48%             | 2027-02-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                       | Freedom Mortgage Corp                                                            | CUSIP: 35640YAK3<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |   4610000 | PA      | $4957284.96   | 0.58%             | 2028-10-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| QUINTISEQUITY                               | QUINTISEQUITY                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     70137 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| XPLR INFRAST OPERATING                      | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |   3021000 | PA      | $3226565.38   | 0.37%             | 2031-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                        | Garda World Security Corp                                                        | CUSIP: 36485MAP4<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |   2142000 | PA      | $2200644.00   | 0.26%             | 2032-11-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                            | CSC Holdings LLC                                                                 | CUSIP: 126307BD8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $1627839.40   | 0.19%             | 2030-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                              | Whirlpool Corp                                                                   | CUSIP: 963320BE5<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |   3837000 | PA      | $3848995.87   | 0.45%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                      | Cloud Software Group Inc                                                         | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   3933000 | PA      | $4187016.12   | 0.49%             | 2032-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                           | Newell Brands Inc                                                                | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |   2760000 | PA      | $2906452.86   | 0.34%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| INTELSAT JACKSON HLDG                       | Intelsat Jackson Holdings SA                                                     | CUSIP: 45824TBC8<br>LEI: 8XJ8KF85PBKK1TLMFN29 | Long             | DBT              | CORP              | LU        |   4294000 | PA      | $4379608.52   | 0.51%             | 2030-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| QUINTIS AUS PTY LTD                         | Quintis Australia Pty Ltd                                                        | CUSIP: 74877UAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |    143548 | PA      | $0.00         | 0.00%             | 2028-10-01      | Fixed         | 12.00%                | No            |                  3 | On Loan: No      |
| KAISER ALUMINUM CORP                        | Kaiser Aluminum Corp                                                             | CUSIP: 483007AJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6593000 | PA      | $6460687.94   | 0.75%             | 2028-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                         | NCL Corp Ltd                                                                     | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   3670000 | PA      | $3749071.52   | 0.44%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                      | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3890000 | PA      | $3854475.11   | 0.45%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                | Navient Corp                                                                     | CUSIP: 63938CAQ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   3207000 | PA      | $3336419.34   | 0.39%             | 2032-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| KRAKEN OIL & GAS PARTNER                    | Kraken Oil & Gas Partners LLC                                                    | CUSIP: 50076PAA6<br>LEI: 549300DR5HSL4YAU3X12 | Long             | DBT              | CORP              | US        |   4666000 | PA      | $4581149.30   | 0.53%             | 2029-08-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                            | Paramount Global                                                                 | CUSIP: 92556HAE7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   6272000 | PA      | $6145151.38   | 0.71%             | 2062-03-30      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                       | McGraw-Hill Education Inc                                                        | CUSIP: 58064LAA2<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |   2900000 | PA      | $3025033.48   | 0.35%             | 2031-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                     | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |   1082000 | PA      | $1061031.85   | 0.12%             | 2026-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| BREAD FINANCIAL HLDGS                       | Bread Financial Holdings Inc                                                     | CUSIP: 018581AQ1<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |   3110000 | PA      | $3123331.30   | 0.36%             | 2035-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                  | Carvana Co                                                                       | CUSIP: 146869AN2<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |   1083500 | PA      | $1139435.52   | 0.13%             | 2030-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| RFNA LP                                     | Rfna LP                                                                          | CUSIP: 74984AAA0<br>LEI: 2549002A4GSOTYKKHR45 | Long             | DBT              | CORP              | US        |   3124000 | PA      | $3196569.66   | 0.37%             | 2030-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS/LOYALTY                     | JetBlue Airways Corp / JetBlue Loyalty LP                                        | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   4350000 | PA      | $4234623.73   | 0.49%             | 2031-09-20      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| HUDBAY MINERALS INC                         | Hudbay Minerals Inc                                                              | CUSIP: 443628AJ1<br>LEI: 894500LX3TMESP27BE29 | Long             | DBT              | CORP              | CA        |   2895000 | PA      | $2878132.58   | 0.33%             | 2026-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| INEOS FINANCE PLC                           | INEOS Finance PLC                                                                | CUSIP: 44984WAJ6<br>LEI: 2138002D68XDR4LZCG32 | Long             | DBT              | CORP              | GB        |   4240000 | PA      | $4252309.90   | 0.49%             | 2029-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                               | Citigroup Inc                                                                    | CUSIP: 172967PR6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3020807.16   | 0.35%             | N/A             | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                       | American Airlines Inc                                                            | CUSIP: 023771T32<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |   4058000 | PA      | $4142456.16   | 0.48%             | 2028-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                      | Comstock Resources Inc                                                           | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |   3093000 | PA      | $3101559.49   | 0.36%             | 2029-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LIGHTNING POWER LLC                         | Lightning Power LLC                                                              | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |   4147000 | PA      | $4364572.87   | 0.51%             | 2032-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                      | General Motors Financial Co Inc                                                  | CUSIP: 37045XCA2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   4405000 | PA      | $4344846.11   | 0.50%             | N/A             | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP                      | AmeriGas Partners LP / AmeriGas Finance Corp                                     | CUSIP: 030981AP9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5052000 | PA      | $5235874.00   | 0.61%             | 2030-06-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE / US                    | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC    | CUSIP: 44287GAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   4270000 | PA      | $4420695.27   | 0.51%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                      | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1767000 | PA      | $1768926.89   | 0.21%             | 2027-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                  | Carvana Co                                                                       | CUSIP: 146869AL6<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |   3715589 | PA      | $3812824.81   | 0.44%             | 2028-12-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                    | Sinclair Television Group Inc                                                    | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |   4212000 | PA      | $4266181.33   | 0.50%             | 2033-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| PIKE CORP                                   | Pike Corp                                                                        | CUSIP: 721283AA7<br>LEI: 549300P4EKEP6HK0NC58 | Long             | DBT              | CORP              | US        |   5833000 | PA      | $5825260.91   | 0.68%             | 2028-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VITAL ENERGY INC                            | Vital Energy Inc                                                                 | CUSIP: 516806AK2<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |   6580000 | PA      | $5619484.36   | 0.65%             | 2032-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                       | Caesars Entertainment Inc                                                        | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   2063000 | PA      | $2137468.39   | 0.25%             | 2030-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| QUINTIS AUS PTY LTD                         | Quintis Australia Pty Ltd                                                        | CUSIP: 74877UAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |    220972 | PA      | $23864.98     | 0.00%             | 2026-10-01      | Fixed         | 7.50%                 | No            |                  3 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                    | Acadia Healthcare Co Inc                                                         | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |   2762000 | PA      | $2849247.25   | 0.33%             | 2033-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CARRIAGE SERVICES INC                       | Carriage Services Inc                                                            | CUSIP: 143905AP2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8102000 | PA      | $7652719.87   | 0.89%             | 2029-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                      | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5154000 | PA      | $4995563.27   | 0.58%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                              | Whirlpool Corp                                                                   | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |   2556000 | PA      | $2579649.04   | 0.30%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PLANET FINANCIAL GROUP                      | Planet Financial Group LLC                                                       | CUSIP: 72702AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5496000 | PA      | $5499296.29   | 0.64%             | 2029-12-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                    | Warnermedia Holdings Inc                                                         | CUSIP: 55903VBD4<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   5978000 | PA      | $3529141.51   | 0.41%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                     | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4486000 | PA      | $4525657.37   | 0.53%             | 2032-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ELEMENT SOLUTIONS INC                       | Element Solutions Inc                                                            | CUSIP: 28618MAA4<br>LEI: 549300FLGN6P5CU20J91 | Long             | DBT              | CORP              | US        |   5667000 | PA      | $5482249.43   | 0.64%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TENNECO INC                                 | Tenneco Inc                                                                      | CUSIP: 880349AU9<br>LEI: 549300U0EXXFAQFAD785 | Long             | DBT              | CORP              | US        |   3295000 | PA      | $3258186.86   | 0.38%             | 2028-11-17      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO                     | Beach Acquisition Bidco LLC                                                      | CUSIP: 07337JAC1<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |   3222000 | PA      | $3351203.94   | 0.39%             | 2033-07-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                    | Standard Industries Inc/NY                                                       | CUSIP: 853496AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4787000 | PA      | $4772562.08   | 0.55%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 1SARL /                    | Albion Financing 1 SARL / Aggreko Holdings Inc                                   | CUSIP: 01330AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   4546000 | PA      | $4650773.54   | 0.54%             | 2030-05-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                        | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   3016000 | PA      | $2830520.34   | 0.33%             | 2033-05-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| VIASAT INC                                  | Viasat Inc                                                                       | CUSIP: 92552VAL4<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |   1159000 | PA      | $1154899.72   | 0.13%             | 2027-04-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                     | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153BH4<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   5125000 | PA      | $5099507.03   | 0.59%             | 2026-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNDER ARMOUR INC                            | Under Armour Inc                                                                 | CUSIP: 904311AD9<br>LEI: 549300D4549QKWETZ406 | Long             | DBT              | CORP              | US        |   3465000 | PA      | $3516083.83   | 0.41%             | 2030-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                           | Rakuten Group Inc                                                                | CUSIP: 75102WAK4<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |   3953000 | PA      | $4338140.29   | 0.50%             | 2029-04-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                    | Rockies Express Pipeline LLC                                                     | CUSIP: 77340RAU1<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |   3410000 | PA      | $3561092.22   | 0.41%             | 2033-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-25

**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.