# EDGAR Filing Document

**Accession Number:** 0001272950
**File Stem:** 0001752724-25-202217
**Filing Date:** 2025-8
**Character Count:** 47306
**Document Hash:** e58726cddf4821838199a4b1c61f7c6f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-202217.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001752724-25-202217

**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**: 20260331

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21475
- **FILM NUMBER:** 251250306

**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 Emerging Markets Value Equity Fund (Series ID: S000059741)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000195520 | Class A      | REVAX           |
| C000195521 | Class I      | REMVX           |
| C000195522 | Class R6     | RMVRX           |

## Nport-Ex

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Emerging Markets Value Equity Fund

------

June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
| **Common Stocks — 97.2%** | **Common Stocks — 97.2%** |  |
| **Argentina — 1.1%** | **Argentina — 1.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;35366 | Corp. America Airports SA\* | &nbsp;&nbsp;&nbsp;&nbsp;$716515 |
| **Brazil — 4.6%** | **Brazil — 4.6%** |  |
| &nbsp;&nbsp;&nbsp;296500 | B3 SA - Brasil Bolsa Balcao | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;793490 |
| &nbsp;&nbsp;&nbsp;410291 | Cia Brasileira de Aluminio\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;360971 |
| &nbsp;&nbsp;&nbsp;138000 | Hypera SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;692400 |
| &nbsp;&nbsp;&nbsp;205040 | Lojas Renner SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;740818 |
| &nbsp;&nbsp;&nbsp;126740 | SLC Agricola SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;414994 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;3002673 |
| **Chile — 3.0%** | **Chile — 3.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;51887 | Antofagasta Plc | &nbsp;&nbsp;&nbsp;&nbsp;1290061 |
| &nbsp;&nbsp;&nbsp;137366 | Cencosud SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;467409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5200 | Sociedad Quimica y Minera de Chile SA, ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183404 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1940874 |
| **China — 22.6%** | **China — 22.6%** |  |
| &nbsp;&nbsp;&nbsp;210400 | Alibaba Group Holding Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;2978412 |
| &nbsp;&nbsp;&nbsp;159998 | Beijing New Building Materials Plc, Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;591540 |
| &nbsp;&nbsp;&nbsp;271500 | China Merchants Bank Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp;1904562 |
| &nbsp;&nbsp;&nbsp;166500 | China Overseas Land & Investment Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;290242 |
| &nbsp;&nbsp;&nbsp;178000 | China Resources Beer Holdings Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;569382 |
| &nbsp;&nbsp;&nbsp;249000 | China Resources Land Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;847792 |
| &nbsp;&nbsp;&nbsp;&nbsp;15699 | Contemporary Amperex Technology Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;553427 |
| &nbsp;&nbsp;&nbsp;&nbsp;52000 | Meituan, Class B(a),\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;836474 |
| &nbsp;&nbsp;&nbsp;&nbsp;97300 | Midea Group Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;980781 |
| &nbsp;&nbsp;&nbsp;&nbsp;11800 | Midea Group Co. Ltd., Class H | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4600 | NetEase, Inc., ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;619068 |
| &nbsp;&nbsp;&nbsp;238999 | Ping An Insurance Group Co. of China Ltd., Series H | &nbsp;&nbsp;&nbsp;&nbsp;1525607 |
| &nbsp;&nbsp;&nbsp;&nbsp;30992 | Sieyuan Electric Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315406 |
| &nbsp;&nbsp;&nbsp;173000 | SITC International Holdings Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;554637 |
| 1650000 | Topsports International Holdings Ltd.(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;645711 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9800 | Trip.com Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;573932 |
| &nbsp;&nbsp;&nbsp;379041 | Xinyi Glass Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;365192 |
| &nbsp;&nbsp;&nbsp;&nbsp;89500 | Zhejiang Dingli Machinery Co. Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;592143 |
|  |  | &nbsp;&nbsp;&nbsp;14856496 |
| **Egypt — 0.8%** | **Egypt — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;327041 | Commercial International Bank Egypt SAE, GDR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;549338 |
| **Greece — 1.2%** | **Greece — 1.2%** |  |
| &nbsp;&nbsp;&nbsp;215462 | Alpha Bank SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;758872 |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Emerging Markets Value Equity Fund (cont.)

------

June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
| **Hong Kong — 1.5%** | **Hong Kong — 1.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;82200 | AIA Group Ltd. | &nbsp;&nbsp;&nbsp;$744604 |
| &nbsp;&nbsp;&nbsp;117900 | Samsonite Group SA(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;219634 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;964238 |
| **Hungary — 1.1%** | **Hungary — 1.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8723 | OTP Bank Nyrt | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;697230 |
| **India — 13.3%** | **India — 13.3%** |  |
| &nbsp;&nbsp;&nbsp;118163 | Axis Bank Ltd. | &nbsp;&nbsp;&nbsp;1652635 |
| &nbsp;&nbsp;&nbsp;&nbsp;24400 | HDFC Bank Ltd., ADR | &nbsp;&nbsp;&nbsp;1870748 |
| &nbsp;&nbsp;&nbsp;157028 | Hindalco Industries Ltd. | &nbsp;&nbsp;&nbsp;1270424 |
| &nbsp;&nbsp;&nbsp;&nbsp;98062 | KEC International Ltd. | &nbsp;&nbsp;&nbsp;1050497 |
| &nbsp;&nbsp;&nbsp;370186 | Redington Ltd. | &nbsp;&nbsp;&nbsp;1404790 |
| &nbsp;&nbsp;&nbsp;180270 | Shriram Finance Ltd. | &nbsp;&nbsp;&nbsp;1486526 |
|  |  | &nbsp;&nbsp;&nbsp;8735620 |
| **Indonesia — 2.6%** | **Indonesia — 2.6%** |  |
| 3268000 | Bank Negara Indonesia Persero Tbk PT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;829430 |
| 2407800 | Mitra Adiperkasa Tbk PT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;174874 |
| 4031000 | Telkom Indonesia Persero Tbk PT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;689630 |
|  |  | &nbsp;&nbsp;&nbsp;1693934 |
| **Korea — 8.4%** | **Korea — 8.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;10047 | DB Insurance Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;916815 |
| &nbsp;&nbsp;&nbsp;&nbsp;10305 | Hana Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;656408 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4370 | Hyundai Motor Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;656188 |
| &nbsp;&nbsp;&nbsp;&nbsp;33634 | Samsung Electronics Co. Ltd. | &nbsp;&nbsp;&nbsp;1487350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7481 | Sanil Electric Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;491401 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6016 | SK Hynix, Inc. | &nbsp;&nbsp;&nbsp;1296337 |
|  |  | &nbsp;&nbsp;&nbsp;5504499 |
| **Mexico — 2.6%** | **Mexico — 2.6%** |  |
| &nbsp;&nbsp;&nbsp;307614 | Gentera SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;656392 |
| &nbsp;&nbsp;&nbsp;&nbsp;71355 | Grupo Comercial Chedraui SA de CV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;565037 |
| &nbsp;&nbsp;&nbsp;&nbsp;57500 | Regional SAB de CV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;474966 |
|  |  | &nbsp;&nbsp;&nbsp;1696395 |
| **Pakistan — 0.7%** | **Pakistan — 0.7%** |  |
| &nbsp;&nbsp;&nbsp;764206 | Habib Bank Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;482751 |
| **Peru — 1.2%** | **Peru — 1.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3650 | Credicorp Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;815848 |
| **Philippines — 1.5%** | **Philippines — 1.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;31350 | Ayala Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;317157 |
| &nbsp;&nbsp;&nbsp;252350 | BDO Unibank, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;684517 |
|  |  | &nbsp;&nbsp;&nbsp;1001674 |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Emerging Markets Value Equity Fund (cont.)

------

June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
| **Russia — 0.00%** | **Russia — 0.00%** |  |
| 2322600 | Sistema PJSFC(b),(c),\*,# | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0 |
| &nbsp;&nbsp;&nbsp;893930 | United Co. RUSAL International PJSC(b),(c),\*,# | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| **Saudi Arabia — 0.9%** | **Saudi Arabia — 0.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;64641 | Saudi National Bank (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;622400 |
| **South Africa — 9.1%** | **South Africa — 9.1%** |  |
| &nbsp;&nbsp;&nbsp;857220 | Growthpoint Properties Ltd., REIT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;648088 |
| &nbsp;&nbsp;&nbsp;&nbsp;52398 | Mr Price Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;656907 |
| &nbsp;&nbsp;&nbsp;124839 | MTN Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;993747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9649 | Naspers Ltd., Class N | &nbsp;&nbsp;&nbsp;&nbsp;3010619 |
| &nbsp;&nbsp;&nbsp;842620 | Netcare Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;663770 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;5973131 |
| **Taiwan — 15.5%** | **Taiwan — 15.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;84051 | Chailease Holding Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;364043 |
| &nbsp;&nbsp;&nbsp;&nbsp;22180 | Elite Material Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;670694 |
| &nbsp;&nbsp;&nbsp;101164 | Innodisk Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;821116 |
| &nbsp;&nbsp;&nbsp;&nbsp;13598 | Lotes Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;629636 |
| &nbsp;&nbsp;&nbsp;&nbsp;16204 | MediaTek, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;694320 |
| &nbsp;&nbsp;&nbsp;162481 | Taiwan Semiconductor Manufacturing Co. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;5941825 |
| &nbsp;&nbsp;&nbsp;131613 | Taiwan Union Technology Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1025368 |
|  |  | &nbsp;&nbsp;&nbsp;10147002 |
| **Turkey — 1.0%** | **Turkey — 1.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;86574 | KOC Holding AS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;335046 |
| &nbsp;&nbsp;&nbsp;&nbsp;23862 | Migros Ticaret AS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;296616 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;631662 |
| **United Arab Emirates — 1.1%** | **United Arab Emirates — 1.1%** |  |
| &nbsp;&nbsp;&nbsp;306308 | Aldar Properties PJSC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;744329 |
| **United Kingdom — 0.9%** | **United Kingdom — 0.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;95811 | Pepco Group NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;576854 |
| **United States — 1.7%** | **United States — 1.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5400 | Globant SA\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;490536 |
| &nbsp;&nbsp;&nbsp;&nbsp;26909 | Laureate Education, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;629132 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1119668 |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Emerging Markets Value Equity Fund (cont.)

------

June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
| **Vietnam — 0.8%** | **Vietnam — 0.8%** |  |
| 582820 | Ho Chi Minh City Development Joint Stock Commercial Bank | &nbsp;&nbsp;&nbsp;&nbsp;$486511 |
| &nbsp;&nbsp;21900 | Vinhomes JSC(a),\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64369 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;550880 |
| **Total Common Stocks** | **Total Common Stocks** | &nbsp;&nbsp;&nbsp;**63782883** |
| (Cost $52,208,609) | (Cost $52,208,609) |  |
| **Preferred Stocks — 2.5%** | **Preferred Stocks — 2.5%** |  |
| **Brazil — 0.9%** | **Brazil — 0.9%** |  |
| &nbsp;&nbsp;70800 | Centrais Eletricas Brasileiras SA, , Class B, 4.55% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;581193 |
| **Colombia — 0.4%** | **Colombia — 0.4%** |  |
| &nbsp;&nbsp;52865 | Banco Davivienda SA, 0.00%\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;297372 |
| **Korea — 1.2%** | **Korea — 1.2%** |  |
| &nbsp;&nbsp;20913 | Samsung Electronics Co. Ltd., 2.63% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;767191 |
| **Total Preferred Stocks** | **Total Preferred Stocks** | &nbsp;&nbsp;&nbsp;&nbsp;**1645756** |
| (Cost $1,815,898) | (Cost $1,815,898) |  |
| **Investment Company — 0.2%** | **Investment Company — 0.2%** |  |
| 128646 | RBC BlueBay U.S. Government Money Market Fund,<br> Institutional Class 1 (d) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128646 |
| **Total Investment Company** | **Total Investment Company** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**128646** |
| (Cost $128,646) | (Cost $128,646) |  |
| **Total Investments** | **Total Investments** | **$65557285** |
| (Cost $54,153,153) — 99.9% | (Cost $54,153,153) — 99.9% |  |
| **Other assets in excess of liabilities — 0.1%** | **Other assets in excess of liabilities — 0.1%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**42813** |
| **NET ASSETS — 100.0%** | **NET ASSETS — 100.0%** | **$65600098** |

---

------

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

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Emerging Markets Value Equity Fund (cont.)

------

June 30, 2025 (Unaudited)

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

(b) 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) Affiliated investment.

\* Non-income producing security.

# Denotes a restricted security, which is subject to legal or contractual restrictions on resale as the result of Office of Foreign Assets Control ("OFAC") sanctions on certain Russian entities. These securities are valued at fair value determined in good faith under valuation procedures approved by the Fund's Board of Trustees. At June 30, 2025, the total market value of these securities amounts to $0, which represents 0.00% of the Fund's total net assets. Additional information on these securities is as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Security** | **Acquisition Dates** | **Shares** | **Cost** | **Value** |
| Sistema PJSFC | 01/14/2021–01/20/2022 | 2322600 | &nbsp;&nbsp;&nbsp;$962301 | $0 |
| United Co. RUSAL International PJSC | 05/27/2021–02/04/2022 | &nbsp;&nbsp;&nbsp;&nbsp;893930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;756088 | &nbsp;&nbsp;&nbsp;0 |
|  |  |  | $1718389 | $0 |

---

---

| |
|:---|
| Abbreviations used are defined below: |
| ADR - American Depositary Receipt |
| GDR - Global Depositary Receipt |
| REIT - Real Estate Investment Trust |

---

## 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 Emerging Markets Value Equity Fund

- **b. EDGAR series identifier (if any):** S000059741

- **c. LEI of Series:** 549300ANGCZLVCFTDY07

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

- **a. Date of fiscal year-end:** 2026-03-31

- **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:** $65974765.45

**Total Liabilities:** $670802.35

**Net Assets:** $65303963.10

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000195521 | 0.00%                | 6.35%                | 7.55%                |
| Class ID C000195520 | 0.00%                | 6.24%                | 7.56%                |
| Class ID C000195522 | 0.13%                | 6.31%                | 7.51%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-158962.52              | $159494.21                                 |
| Month 2  | $392799.05               | $3018763.00                                |
| Month 3  | $978702.52               | $3493119.00                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| China Resources Land Ltd                    | China Resources Land Ltd                                 | CUSIP: 000000000<br>LEI: 5299001HL0TU7X15HK51 | Long             | EC               | CORP              | HK        |    249000 | NS      | $847792.00    | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Axis Bank Ltd                               | Axis Bank Ltd                                            | CUSIP: 000000000<br>LEI: 549300HVNWMJPOFVNI41 | Long             | EC               | CORP              | IN        |    118163 | NS      | $1652634.82   | 2.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Elite Material Co Ltd                       | Elite Material Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     23115 | NS      | $698966.76    | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsonite Group SA                          | Samsonite Group SA                                       | CUSIP: 000000000<br>LEI: 549300UULS5HYFJSEL12 | Long             | EC               | CORP              | US        |    117900 | NS      | $219633.81    | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Redington Ltd                               | Redington Ltd                                            | CUSIP: 000000000<br>LEI: 335800DTFNX7F2LM5227 | Long             | EC               | CORP              | IN        |    370186 | NS      | $1404789.95   | 2.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Vinhomes JSC                                | Vinhomes JSC                                             | CUSIP: 000000000<br>LEI: 2549007LS0F7J946DA02 | Long             | EC               | CORP              | VN        |     46150 | NS      | $135644.85    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Meituan                                     | Meituan                                                  | CUSIP: 000000000<br>LEI: 21380033K525E5JLIA77 | Long             | EC               | CORP              | CN        |     52000 | NS      | $836474.15    | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| China Merchants Bank Co Ltd                 | China Merchants Bank Co Ltd                              | CUSIP: 000000000<br>LEI: 549300MKO5B60FFIHF58 | Long             | EC               | CORP              | CN        |    278500 | NS      | $1953666.95   | 2.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Motor Co                            | Hyundai Motor Co                                         | CUSIP: 000000000<br>LEI: 9884004RQX8PRBXQ8S60 | Long             | EC               | CORP              | KR        |      4370 | NS      | $656188.02    | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Aldar Properties PJSC                       | Aldar Properties PJSC                                    | CUSIP: 000000000<br>LEI: 98450048CD8AEF13B480 | Long             | EC               | CORP              | AE        |    306308 | NS      | $744327.52    | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| RUSAL                                       | United Co RUSAL International PJSC                       | CUSIP: 000000000<br>LEI: 213800WNO9IQTTI4PG55 | Long             | EC               | CORP              | RU        |    893930 | NS      | $0.11         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SLC Agricola SA                             | SLC Agricola SA                                          | CUSIP: 000000000<br>LEI: 54930017BQDYJPIJXG79 | Long             | EC               | CORP              | BR        |    126740 | NS      | $414994.13    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Corp America Airports SA                    | Corp America Airports SA                                 | CUSIP: 000000000<br>LEI: 959800AWF26KMY2SXF71 | Long             | EC               | CORP              | AR        |     35366 | NS      | $716515.16    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| BNBMPLC                                     | Beijing New Building Materials PLC                       | CUSIP: 000000000<br>LEI: 3003000VY5ALEC09Q824 | Long             | EC               | CORP              | CN        |    159998 | NS      | $591540.24    | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Hindalco Industries Ltd                     | Hindalco Industries Ltd                                  | CUSIP: 000000000<br>LEI: 335800KXLE5NO5B4GF90 | Long             | EC               | CORP              | IN        |    157028 | NS      | $1270424.60   | 1.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Davivienda SA                         | Banco Davivienda SA                                      | CUSIP: 000000000<br>LEI: 549300P161V4IPKAQS70 | Long             | EP               | CORP              | CO        |     52865 | NS      | $297371.69    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepco Group NV                              | Pepco Group NV                                           | CUSIP: 000000000<br>LEI: 213800OVMJPFP79OB449 | Long             | EC               | CORP              | GB        |     95811 | NS      | $576854.20    | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Chailease Holding Co Ltd                    | Chailease Holding Co Ltd                                 | CUSIP: 000000000<br>LEI: 529900L76E6T0JCM3J27 | Long             | EC               | CORP              | TW        |     84051 | NS      | $364043.17    | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Midea Group Co Ltd                          | Midea Group Co Ltd                                       | CUSIP: 000000000<br>LEI: 3003003TRPHLHZD2IF61 | Long             | EC               | CORP              | CN        |     97300 | NS      | $980781.12    | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| BNI Tbk PT                                  | Bank Negara Indonesia Persero Tbk PT                     | CUSIP: 000000000<br>LEI: 549300HZ8J3MLVXQ8F85 | Long             | EC               | CORP              | ID        |   2405100 | NS      | $610422.79    | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitra Adiperkasa Tbk PT                     | Mitra Adiperkasa Tbk PT                                  | CUSIP: 000000000<br>LEI: 254900Z2B7Y7F69ZZZ04 | Long             | EC               | CORP              | ID        |   2407800 | NS      | $174873.61    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Hana Financial Group Inc                    | Hana Financial Group Inc                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     10305 | NS      | $656408.09    | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Credicorp Ltd                               | Credicorp Ltd                                            | CUSIP: 000000000<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | PE        |      3650 | NS      | $815848.00    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| KOC Holding AS                              | KOC Holding AS                                           | CUSIP: 000000000<br>LEI: 7890005U0H950VH19H45 | Long             | EC               | CORP              | TR        |     86574 | NS      | $335045.37    | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Ayala Corp                                  | Ayala Corp                                               | CUSIP: 000000000<br>LEI: 254900QJ68UH8GKNGI69 | Long             | EC               | CORP              | PH        |     31350 | NS      | $317157.45    | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Topsports International Holdin              | Topsports International Holdings Ltd                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |   1282000 | NS      | $501697.65    | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Shriram Finance Ltd                         | Shriram Finance Ltd                                      | CUSIP: 000000000<br>LEI: 335800TM2YO24B76XL26 | Long             | EC               | CORP              | IN        |    180270 | NS      | $1486525.95   | 2.28%             |  |  |  | No            |                  2 | On Loan: No      |
| BDO Unibank Inc                             | BDO Unibank Inc                                          | CUSIP: 000000000<br>LEI: 3FGIIBS1PEI1FYQBGN97 | Long             | EC               | CORP              | PH        |    252350 | NS      | $684516.70    | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Cencosud SA                                 | Cencosud SA                                              | CUSIP: 000000000<br>LEI: 549300NLTGCFV7482429 | Long             | EC               | CORP              | CL        |    137366 | NS      | $467409.33    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha Bank SA                               | Alpha Bank SA                                            | CUSIP: 000000000<br>LEI: 213800DBQIB6VBNU5C64 | Long             | EC               | CORP              | GR        |    215462 | NS      | $758872.35    | 1.16%             |  |  |  | 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        |    197027 | NS      | $197027.19    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Innodisk Corp                               | Innodisk Corp                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    101164 | NS      | $821116.27    | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA OVERSEAS                              | China Overseas Land & Investment Ltd                     | CUSIP: 000000000<br>LEI: 529900I6W35GYKRIZ151 | Long             | EC               | CORP              | HK        |    166500 | NS      | $290241.93    | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                  | Samsung Electronics Co Ltd                               | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |     33634 | NS      | $1487350.02   | 2.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Midea Group Co Ltd                          | Midea Group Co Ltd                                       | CUSIP: 000000000<br>LEI: 3003003TRPHLHZD2IF61 | Long             | EC               | CORP              | CN        |     11800 | NS      | $112187.55    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Trip.com Group Ltd                          | Trip.com Group Ltd                                       | CUSIP: 000000000<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | SG        |      9800 | NS      | $573932.44    | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                  | Samsung Electronics Co Ltd                               | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EP               | CORP              | KR        |     20913 | NS      | $767191.60    | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Eletrobras SA                               | Centrais Eletricas Brasileiras SA                        | CUSIP: 000000000<br>LEI: 254900I8KYDELP4B4Z08 | Long             | EP               | CORP              | BR        |     70800 | NS      | $581193.06    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Growthpoint Properties Ltd                  | Growthpoint Properties Ltd                               | CUSIP: 000000000<br>LEI: 37890019DD1E46632291 | Long             | EC               | CORP              | ZA        |    857220 | NS      | $648088.05    | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| PING AN                                     | Ping An Insurance Group Co of China Ltd                  | CUSIP: 000000000<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | CN        |    238999 | NS      | $1525606.89   | 2.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhejiang Dingli                             | Zhejiang Dingli Machinery Co Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     89500 | NS      | $592143.55    | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Cia Brasileira de Aluminio                  | Cia Brasileira de Aluminio                               | CUSIP: 000000000<br>LEI: 5493001QYTIDILBVYO18 | Long             | EC               | CORP              | BR        |    410291 | NS      | $360970.90    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanil Electric Co Ltd                       | Sanil Electric Co Ltd                                    | CUSIP: 000000000<br>LEI: 988400KW0ZAP6QNYIX16 | Long             | EC               | CORP              | KR        |      7481 | NS      | $491400.83    | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd                               | AIA Group Ltd                                            | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |     82200 | NS      | $744604.07    | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Commercial International Bank               | Commercial International Bank - Egypt (CIB)              | CUSIP: 201712205<br>LEI: 213800FIIXJAMEVRIH48 | Long             | EC               | CORP              | EG        |    327041 | NS      | $549337.64    | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Lojas Renner SA                             | Lojas Renner SA                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    205040 | NS      | $740817.43    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Globant SA                                  | Globant SA                                               | CUSIP: 000000000<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | LU        |      5400 | NS      | $490536.00    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| B3 SA - Brasil Bolsa Balcao                 | B3 SA - Brasil Bolsa Balcao                              | CUSIP: 000000000<br>LEI: 4GTK5S46E6H318LMDS44 | Long             | EC               | CORP              | BR        |    296500 | NS      | $793489.90    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Antofagasta PLC                             | Antofagasta PLC                                          | CUSIP: 000000000<br>LEI: 213800MY6QVH4FVLD628 | Long             | EC               | CORP              | CL        |     51887 | NS      | $1290060.65   | 1.98%             |  |  |  | No            |                  2 | On Loan: No      |
| MTN Group Ltd                               | MTN Group Ltd                                            | CUSIP: 000000000<br>LEI: 2549009JD6Q6XHZS5E05 | Long             | EC               | CORP              | ZA        |    124839 | NS      | $993747.39    | 1.52%             |  |  |  | No            |                  2 | On Loan: No      |
| DB Insurance Co Ltd                         | DB Insurance Co Ltd                                      | CUSIP: 000000000<br>LEI: 9884000ZF26VNJBWSJ91 | Long             | EC               | CORP              | KR        |     10047 | NS      | $916814.76    | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Sieyuan Electric Co Ltd                     | Sieyuan Electric Co Ltd                                  | CUSIP: 000000000<br>LEI: 836800H6UQQUWN4PSZ32 | Long             | EC               | CORP              | CN        |     30992 | NS      | $315405.73    | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| HDBank                                      | Ho Chi Minh City Development Joint Stock Commercial Bank | CUSIP: 000000000<br>LEI: 549300JA2AF0TMGHY210 | Long             | EC               | CORP              | VN        |    582820 | NS      | $486510.80    | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Netcare Ltd                                 | Netcare Ltd                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |    842620 | NS      | $663769.57    | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Hynix Inc                                | SK Hynix Inc                                             | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |      6446 | NS      | $1388994.47   | 2.13%             |  |  |  | No            |                  2 | On Loan: No      |
| OTP Bank Nyrt                               | OTP Bank Nyrt                                            | CUSIP: 000000000<br>LEI: 529900W3MOO00A18X956 | Long             | EC               | CORP              | HU        |      8723 | NS      | $697230.31    | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| TSMC                                        | Taiwan Semiconductor Manufacturing Co Ltd                | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    162481 | NS      | $5941825.22   | 9.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Sociedad Quimica y Minera de C              | Sociedad Quimica y Minera de Chile SA                    | CUSIP: 833635105<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | EC               | CORP              | CL        |      5200 | NS      | $183404.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Regional SAB de CV                          | Regional SAB de CV                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |     57500 | NS      | $474966.03    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Sistema AFK PAO                             | Sistema AFK PAO                                          | CUSIP: 000000000<br>LEI: 213800JSZ2UUK4QQK694 | Long             | EC               | CORP              | RU        |   2322600 | NS      | $0.30         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Naspers Ltd                                 | Naspers Ltd                                              | CUSIP: 000000000<br>LEI: 21380044BQ8812EEKT59 | Long             | EC               | CORP              | ZA        |      9649 | NS      | $3010619.25   | 4.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Migros Ticaret AS                           | Migros Ticaret AS                                        | CUSIP: 000000000<br>LEI: 5493002IOWNT1QZMAA74 | Long             | EC               | CORP              | TR        |     23862 | NS      | $296616.11    | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Mr Price Group Ltd                          | Mr Price Group Ltd                                       | CUSIP: 000000000<br>LEI: 378900D3417C35C5D733 | Long             | EC               | CORP              | ZA        |     41738 | NS      | $523263.56    | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| CATL                                        | Contemporary Amperex Technology Co Ltd                   | CUSIP: 000000000<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |     15699 | NS      | $553426.61    | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Telkom Indonesia Persero Tbk P              | Telkom Indonesia Persero Tbk PT                          | CUSIP: 000000000<br>LEI: 529900M5SQZAOKV1PC81 | Long             | EC               | CORP              | ID        |   4031000 | NS      | $689630.11    | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Hypera SA                                   | Hypera SA                                                | CUSIP: 000000000<br>LEI: 25490092WKPBKTIZX403 | Long             | EC               | CORP              | BR        |    138000 | NS      | $692400.29    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MediaTek Inc                                | MediaTek Inc                                             | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |     16204 | NS      | $694319.72    | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                   | Alibaba Group Holding Ltd                                | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | CN        |    210400 | NS      | $2978411.78   | 4.56%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA RES BEER                              | China Resources Beer Holdings Co Ltd                     | CUSIP: 000000000<br>LEI: 254900OH02Y7OS7RNG48 | Long             | EC               | CORP              | HK        |    178000 | NS      | $569382.32    | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| SITC International Holdings Co              | SITC International Holdings Co Ltd                       | CUSIP: 000000000<br>LEI: 529900JUV4MOM9CE3V12 | Long             | EC               | CORP              | HK        |    202000 | NS      | $647610.67    | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Baidu Inc                                   | Baidu Inc                                                | CUSIP: 000000000<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               | CORP              | CN        |     52350 | NS      | $561031.45    | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Comercial Chedraui SA de              | Grupo Comercial Chedraui SA de CV                        | CUSIP: 000000000<br>LEI: 4469000001BRXSV0JO96 | Long             | EC               | CORP              | MX        |     71355 | NS      | $565037.14    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi National Bank/The                     | Saudi National Bank/The                                  | CUSIP: 000000000<br>LEI: 5586006ZEFQ542K7CY16 | Long             | EC               | CORP              | SA        |     55117 | NS      | $530697.79    | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Laureate Education Inc                      | Laureate Education Inc                                   | CUSIP: 518613203<br>LEI: 5JL7TMOH5TY3IUYSUP91 | Long             | EC               | CORP              | US        |     26909 | NS      | $629132.42    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| NetEase Inc                                 | NetEase Inc                                              | CUSIP: 64110W102<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | CN        |      4600 | NS      | $619068.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentera SAB de CV                           | Gentera SAB de CV                                        | CUSIP: 000000000<br>LEI: 4469000001ECOWXFNE33 | Long             | EC               | CORP              | MX        |    277674 | NS      | $592505.37    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Union Technology Corp                | Taiwan Union Technology Corp                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    143284 | NS      | $1116294.12   | 1.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Xinyi Glass Holdings Ltd                    | Xinyi Glass Holdings Ltd                                 | CUSIP: 000000000<br>LEI: 52990082YXVVZFK1QJ17 | Long             | EC               | CORP              | HK        |    379041 | NS      | $365191.91    | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Habib Bank Ltd                              | Habib Bank Ltd                                           | CUSIP: 000000000<br>LEI: 549300N63RJKPUYAY631 | Long             | EC               | CORP              | PK        |    764206 | NS      | $482751.24    | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd                               | HDFC Bank Ltd                                            | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     24400 | NS      | $1870748.00   | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| KEC International Ltd                       | KEC International Ltd                                    | CUSIP: 000000000<br>LEI: 335800UCWKGDJBU7ZT31 | Long             | EC               | CORP              | IN        |     98062 | NS      | $1050497.00   | 1.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Lotes Co Ltd                                | Lotes Co Ltd                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     13598 | NS      | $629636.10    | 0.96%             |  |  |  | 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.