# EDGAR Filing Document

**Accession Number:** 0001272950
**File Stem:** 0001752724-23-049087
**Filing Date:** 2023-3
**Character Count:** 30105
**Document Hash:** 2671bb6883bfe126adc3c435f06b4687
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-049087.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001752724-23-049087

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230301

**PERIOD START**: 20230930

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21475
- **FILM NUMBER:** 23690803

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

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

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

## Series and Classes Contracts Data

### RBC Small Cap Core Fund (Series ID: S000001812)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000004742 | A Shares     | TEEAX           |
| C000004745 | I Shares     | RCSIX           |
| C000175205 | Class R6     | RBRCX           |

## Nport-Ex

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Small Cap Core Fund

------

**December 31, 2022 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  **Common Stocks — 97.20%** | **Common Stocks — 97.20%** |  |
|  **Communication Services — 2.50%** | **Communication Services — 2.50%** |  |
| 5704 | Nexstar Media Group, Inc., Class A | $998371 |
|  **Consumer Discretionary — 13.51%** | **Consumer Discretionary — 13.51%** |  |
| 1781 | Deckers Outdoor Corp.\* | 710904 |
| 5650 | Fox Factory Holding Corp.\* | 515449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18253 | G-III Apparel Group Ltd.\* | 250249 |
| 3030 | Group 1 Automotive, Inc. | 546521 |
| 4082 | LCI Industries | 377381 |
| 7792 | Malibu Boats, Inc., Class A\* | 415314 |
| 3940 | Oxford Industries, Inc. | 367129 |
| 11054 | Patrick Industries, Inc. | 669872 |
| 27767 | Ruth's Hospitality Group, Inc. | 429833 |
| 15810 | Taylor Morrison Home Corp.\* | 479834 |
| 32286 | Topgolf Callaway Brands Corp.\* | 637648 |
|  |  | 5400134 |
|  **Consumer Staples — 3.87%** | **Consumer Staples — 3.87%** |  |
| 27938 | Hostess Brands, Inc.\* | 626929 |
| 2237 | Medifast, Inc. | 258038 |
| 6200 | MGP Ingredients, Inc. | 659556 |
|  |  | 1544523 |
|  **Energy — 7.75%** | **Energy — 7.75%** |  |
| 56746 | Magnolia Oil & Gas Corp., Class A | 1330694 |
| 34059 | Par Pacific Holdings, Inc.\* | 791872 |
| 15320 | PDC Energy, Inc. | 972513 |
|  |  | 3095079 |
|  **Financials — 15.11%** | **Financials — 15.11%** |  |
| 75801 | Compass Diversified Holdings | 1381852 |
| 8270 | Pinnacle Financial Partners, Inc. | 607018 |
| 12954 | Preferred Bank/Los Angeles, CA | 966627 |
| 21920 | Stellar Bancorp, Inc. | 645763 |
| 12107 | TriCo Bancshares | 617336 |
| 17306 | United Community Banks, Inc. | 584943 |
| 21072 | Veritex Holdings, Inc. | 591702 |
| 7600 | Wintrust Financial Corp. | 642352 |
|  |  | 6037593 |
|  **Health Care — 7.78%** | **Health Care — 7.78%** |  |
| 17901 | Apollo Medical Holdings, Inc.\* | 529691 |
| 8144 | Globus Medical, Inc., Class A\* | 604855 |
| 20436 | Lantheus Holdings, Inc.\* | 1041418 |
| 2773 | Masimo Corp.\* | 410265 |

---

**1** 

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Small Cap Core Fund (cont.)

------

**December 31, 2022 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
| 4211 | Omnicell, Inc.\* | $212319 |
| 1311 | West Pharmaceutical Services, Inc. | 308544 |
|  |  | 3107092 |
|  **Industrials — 23.38%** | **Industrials — 23.38%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152305 | ACCO Brands Corp. | 851385 |
| 7230 | Arcosa, Inc. | 392878 |
| 11169 | Atkore, Inc.\* | 1266788 |
| 11300 | Barrett Business Services, Inc. | 1054064 |
| 20736 | CBIZ, Inc.\* | 971482 |
| 32797 | Columbus McKinnon Corp. | 1064919 |
| 31241 | Ducommun, Inc.\* | 1560800 |
| 19785 | Greenbrier Cos., Inc. (The) | 663391 |
| 32962 | Insteel Industries, Inc. | 907114 |
| 4608 | NV5 Global, Inc.\* | 609731 |
|  |  | 9342552 |
|  **Information Technology — 12.53%** | **Information Technology — 12.53%** |  |
| 4373 | Ambarella, Inc.\* | 359592 |
| 53492 | AXT, Inc.\* | 234295 |
| 15260 | Cohu, Inc.\* | 489083 |
| 3304 | MKS Instruments, Inc. | 279948 |
| 16529 | Model N, Inc.\* | 670416 |
| 3726 | Novanta, Inc.\* | 506252 |
| 10631 | Onto Innovation, Inc.\* | 723865 |
| 14049 | Sapiens International Corp. NV | 259626 |
| 10130 | Super Micro Computer, Inc.\* | 831673 |
| 9130 | Tenable Holdings, Inc.\* | 348309 |
| 7850 | Vishay Precision Group, Inc.\* | 303402 |
|  |  | 5006461 |
|  **Materials — 5.16%** | **Materials — 5.16%** |  |
| 49046 | FutureFuel Corp. | 398744 |
| 8003 | Ingevity Corp.\* | 563731 |
| 16071 | Koppers Holdings, Inc. | 453202 |
| 7390 | Materion Corp. | 646699 |
|  |  | 2062376 |
|  **Real Estate — 4.22%** | **Real Estate — 4.22%** |  |
| 73010 | DiamondRock Hospitality Co., REIT | 597952 |
| 2560 | EastGroup Properties, Inc., REIT | 379033 |
| 14048 | STAG Industrial, Inc., REIT | 453891 |
| 15899 | UMH Properties, Inc., REIT | 255974 |
|  |  | 1686850 |

---

**2** 

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Small Cap Core Fund (cont.)

------

**December 31, 2022 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  **Utilities — 1.39%** | **Utilities — 1.39%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9010 | Southwest Gas Holdings, Inc. | $557539 |
|  **Total Common Stocks**<br> (Cost $26,348,764) | **Total Common Stocks**<br> (Cost $26,348,764) | **38838570** |
|  **Exchange Traded Funds — 1.94%** | **Exchange Traded Funds — 1.94%** |  |
| 168 | iShares Russell 2000 Index Fund | 29293 |
| 8990 | SPDR S&P Biotech ETF\* | 746170 |
|  **Total Exchange Traded Funds**<br> (Cost $1,153,214) | **Total Exchange Traded Funds**<br> (Cost $1,153,214) | **775463** |
|  **Investment Company — 0.99%** | **Investment Company — 0.99%** |  |
| 395309 | U.S. Government Money Market Fund, RBC Institutional Class 1(a) | 395309 |
|  **Total Investment Company**<br> (Cost $395,309) | **Total Investment Company**<br> (Cost $395,309) | **395309** |
|  **Total Investments**<br> (Cost $27,897,287) — 100.13% | **Total Investments**<br> (Cost $27,897,287) — 100.13% | $**40009342** |
|  **Liabilities in excess of other assets — (0.13)%** | **Liabilities in excess of other assets — (0.13)%** | **(51185)** |
|  **NET ASSETS — 100.00%** | **NET ASSETS — 100.00%** | $**39958157** |

---

------

\* Non-income producing security.

(a) Affiliated investment.

Abbreviations used are defined below:

REIT - Real Estate Investment Trust

**3**

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Minneapolis

  - **State:** MN

  - **Foreign country:** US

  - **Zip / Postal Code:** 55402

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

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

- **a. Name of Series:** RBC Small Cap Core Fund

- **b. EDGAR series identifier (if any):** S000001812

- **c. LEI of Series:** 549300S2F1QNS896DF88

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

- **a. Date of fiscal year-end:** 2023-09-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $40052184.25

**Total Liabilities:** $93934.02

**Net Assets:** $39958250.23

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000004745 | 11.91%               | 4.53%                | -6.79%               |
| Class ID C000004742 | 11.92%               | 4.47%                | -6.81%               |
| Class ID C000175205 | 11.94%               | 4.51%                | -6.77%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $110340.91               | $4419614.40                                |
| Month 2  | $203330.03               | $1631444.12                                |
| Month 3  | $794627.61               | $-3805134.46                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Patrick Industries Inc          | Patrick Industries Inc           | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |     11054 | NS      | $669872.40    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Topgolf Callaway Brands Corp    | Topgolf Callaway Brands Corp     | CUSIP: 131193104<br>LEI: 5493005UB0KFRKBPCU72 | Long             | EC               | CORP              | US        |     32286 | NS      | $637648.50    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Insteel Industries Inc          | Insteel Industries Inc           | CUSIP: 45774W108<br>LEI: 52990026LKY4MOX3L174 | Long             | EC               | CORP              | US        |     32962 | NS      | $907114.24    | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| FutureFuel Corp                 | FutureFuel Corp                  | CUSIP: 36116M106<br>LEI: 529900WYQZSMWFXLA845 | Long             | EC               | CORP              | US        |     49046 | NS      | $398743.98    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Super Micro Computer Inc        | Super Micro Computer Inc         | CUSIP: 86800U104<br>LEI: 54930022CZO1N2UGVW07 | Long             | EC               | CORP              | US        |     10130 | NS      | $831673.00    | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa Inc                      | Arcosa Inc                       | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |      7230 | NS      | $392878.20    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P Biotech ETF            | SPDR S&P Biotech ETF             | CUSIP: 78464A870<br>LEI: 549300Y3ODFMPD5XXL58 | Long             | EC               | RF                | US        |      8990 | NS      | $746170.00    | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| MGP Ingredients Inc             | MGP Ingredients Inc              | CUSIP: 55303J106<br>LEI: 2549006OMHFVZ4MS8538 | Long             | EC               | CORP              | US        |      6200 | NS      | $659556.00    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCO Brands Corp                | ACCO Brands Corp                 | CUSIP: 00081T108<br>LEI: JCT8P4Y190IH4I1NX328 | Long             | EC               | CORP              | US        |    152305 | NS      | $851384.95    | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| LCI Industries                  | LCI Industries                   | CUSIP: 50189K103<br>LEI: 549300E1B98YNJ1WIQ04 | Long             | EC               | CORP              | US        |      4082 | NS      | $377380.90    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Novanta Inc                     | Novanta Inc                      | CUSIP: 67000B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3726 | NS      | $506251.62    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Medifast Inc                    | Medifast Inc                     | CUSIP: 58470H101<br>LEI: 5299000YHQJ21T5KKI80 | Long             | EC               | CORP              | US        |      2237 | NS      | $258037.95    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrett Business Services Inc   | Barrett Business Services Inc    | CUSIP: 068463108<br>LEI: 529900HXB6TMG0SR9Y34 | Long             | EC               | CORP              | US        |     11300 | NS      | $1054064.00   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Medical Holdings Inc     | Apollo Medical Holdings Inc      | CUSIP: 03763A207<br>LEI: 5493008O4R82Q4STJ936 | Long             | EC               | CORP              | US        |     17901 | NS      | $529690.59    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle Financial Partners In  | Pinnacle Financial Partners Inc  | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |      8270 | NS      | $607018.00    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Koppers Holdings Inc            | Koppers Holdings Inc             | CUSIP: 50060P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16071 | NS      | $453202.20    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| UMH Properties Inc              | UMH Properties Inc               | CUSIP: 903002103<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EC               | CORP              | US        |     15899 | NS      | $255973.90    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Ruth's Hospitality Group Inc    | Ruth's Hospitality Group Inc     | CUSIP: 783332109<br>LEI: 529900JQW9JP41OHOD14 | Long             | EC               | CORP              | US        |     27767 | NS      | $429833.16    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Medical Inc              | Globus Medical Inc               | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |      8144 | NS      | $604854.88    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Lantheus Holdings Inc           | Lantheus Holdings Inc            | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |     20436 | NS      | $1041418.56   | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Precision Group Inc      | Vishay Precision Group Inc       | CUSIP: 92835K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7850 | NS      | $303402.50    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| US Government Money Market Fund | US Government Money Market Fund  | CUSIP: 74926P696<br>LEI: 549300RFDC5U7WLJKO50 | Long             | STIV             | RF                | US        |    395309 | NS      | $395309.28    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| DiamondRock Hospitality Co      | DiamondRock Hospitality Co       | CUSIP: 252784301<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EC               | CORP              | US        |     73010 | NS      | $597951.90    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| CBIZ Inc                        | CBIZ Inc                         | CUSIP: 124805102<br>LEI: 529900D5X8CFM8O1N813 | Long             | EC               | CORP              | US        |     20736 | NS      | $971481.60    | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbus McKinnon Corp/NY       | Columbus McKinnon Corp/NY        | CUSIP: 199333105<br>LEI: 549300W3HQB0HO1F3G69 | Long             | EC               | CORP              | US        |     32797 | NS      | $1064918.59   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Par Pacific Holdings Inc        | Par Pacific Holdings Inc         | CUSIP: 69888T207<br>LEI: 549300BTNS7MHSHRLR55 | Long             | EC               | CORP              | US        |     34059 | NS      | $791871.75    | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc      | Southwest Gas Holdings Inc       | CUSIP: 844895102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9010 | NS      | $557538.80    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| TriCo Bancshares                | TriCo Bancshares                 | CUSIP: 896095106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12107 | NS      | $617335.93    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Hostess Brands Inc              | Hostess Brands Inc               | CUSIP: 44109J106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27938 | NS      | $626928.72    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp       | Taylor Morrison Home Corp        | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |     15810 | NS      | $479833.50    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell 2000 ETF        | iShares Russell 2000 ETF         | CUSIP: 464287655<br>LEI: 549300O80OAR5VTWR172 | Long             | EC               | RF                | US        |       168 | NS      | $29292.48     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties Inc        | EastGroup Properties Inc         | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |      2560 | NS      | $379033.60    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingevity Corp                   | Ingevity Corp                    | CUSIP: 45688C107<br>LEI: 5493009UTFC4B5IMGF87 | Long             | EC               | CORP              | US        |      8003 | NS      | $563731.32    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group Inc         | Nexstar Media Group Inc          | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |      5704 | NS      | $998371.12    | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambarella Inc                   | Ambarella Inc                    | CUSIP: 000000000<br>LEI: 254900XN7F4DG0CEKC02 | Long             | EC               | CORP              | US        |      4373 | NS      | $359591.79    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicell Inc                    | Omnicell Inc                     | CUSIP: 68213N109<br>LEI: 5493008RH0GTKHHPZI77 | Long             | EC               | CORP              | US        |      4211 | NS      | $212318.62    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Oxford Industries Inc           | Oxford Industries Inc            | CUSIP: 691497309<br>LEI: IDZ20O0XD3GS4UOI2L88 | Long             | EC               | CORP              | US        |      3940 | NS      | $367129.20    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohu Inc                        | Cohu Inc                         | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | EC               | CORP              | US        |     15260 | NS      | $489083.00    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive Inc          | Group 1 Automotive Inc           | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |      3030 | NS      | $546521.10    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Materion Corp                   | Materion Corp                    | CUSIP: 576690101<br>LEI: 549300CJ5RI351SUYT02 | Long             | EC               | CORP              | US        |      7390 | NS      | $646698.90    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Ducommun Inc                    | Ducommun Inc                     | CUSIP: 264147109<br>LEI: 549300Z71HMWF90S2214 | Long             | EC               | CORP              | US        |     31241 | NS      | $1560800.36   | 3.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp            | Deckers Outdoor Corp             | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |      1781 | NS      | $710903.96    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Instruments Inc             | MKS Instruments Inc              | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |      3304 | NS      | $279947.92    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corp         | Wintrust Financial Corp          | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |      7600 | NS      | $642352.00    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| PDC Energy Inc                  | PDC Energy Inc                   | CUSIP: 69327R101<br>LEI: 5493008W8H2T511J5Y59 | Long             | EC               | CORP              | US        |     15320 | NS      | $972513.60    | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corp         | Magnolia Oil & Gas Corp          | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     56746 | NS      | $1330693.70   | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| AXT Inc                         | AXT Inc                          | CUSIP: 00246W103<br>LEI: 549300M2142IVLVIJN37 | Long             | EC               | CORP              | US        |     53492 | NS      | $234294.96    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Atkore Inc                      | Atkore Inc                       | CUSIP: 047649108<br>LEI: 52990002TI38AM4RPV48 | Long             | EC               | CORP              | US        |     11169 | NS      | $1266787.98   | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Sapiens International Corp NV   | Sapiens International Corp NV    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     14049 | NS      | $259625.52    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenable Holdings Inc            | Tenable Holdings Inc             | CUSIP: 88025T102<br>LEI: 5493004S5OMPESF0EF83 | Long             | EC               | CORP              | US        |      9130 | NS      | $348309.50    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| NV5 Global Inc                  | NV5 Global Inc                   | CUSIP: 62945V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4608 | NS      | $609730.56    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| United Community Banks Inc/GA   | United Community Banks Inc/GA    | CUSIP: 90984P303<br>LEI: 549300GVW0FV66X3U703 | Long             | EC               | CORP              | US        |     17306 | NS      | $584942.80    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Diversified Holdings    | Compass Diversified Holdings     | CUSIP: 20451Q104<br>LEI: 5299001SM1LBYANJRR58 | Long             | EC               | CORP              | US        |     75801 | NS      | $1381852.23   | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc             | Onto Innovation Inc              | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |     10631 | NS      | $723864.79    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Veritex Holdings Inc            | Veritex Holdings Inc             | CUSIP: 923451108<br>LEI: 549300F3SMOML02SC814 | Long             | EC               | CORP              | US        |     21072 | NS      | $591701.76    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Stellar Bancorp Inc             | Stellar Bancorp Inc              | CUSIP: 858927106<br>LEI: 54930070P8Z0WHFBB536 | Long             | EC               | CORP              | US        |     21920 | NS      | $645763.20    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Factory Holding Corp        | Fox Factory Holding Corp         | CUSIP: 35138V102<br>LEI: 529900GE1HSV0617R721 | Long             | EC               | CORP              | US        |      5650 | NS      | $515449.50    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Greenbrier Cos Inc/The          | Greenbrier Cos Inc/The           | CUSIP: 393657101<br>LEI: 5493001GAGGFR30BP390 | Long             | EC               | CORP              | US        |     19785 | NS      | $663391.05    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Masimo Corp                     | Masimo Corp                      | CUSIP: 574795100<br>LEI: 549300Q4A8JK0PIYCU29 | Long             | EC               | CORP              | US        |      2773 | NS      | $410265.35    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| West Pharmaceutical Services I  | West Pharmaceutical Services Inc | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Long             | EC               | CORP              | US        |      1311 | NS      | $308543.85    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Model N Inc                     | Model N Inc                      | CUSIP: 607525102<br>LEI: 549300WCIL3W0EYSBN94 | Long             | EC               | CORP              | US        |     16529 | NS      | $670416.24    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial Inc             | STAG Industrial Inc              | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |     14048 | NS      | $453890.88    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Preferred Bank/Los Angeles CA   | Preferred Bank/Los Angeles CA    | CUSIP: 740367404<br>LEI: 5493007K6HGI9G0ECX16 | Long             | EC               | CORP              | US        |     12954 | NS      | $966627.48    | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Malibu Boats Inc                | Malibu Boats Inc                 | CUSIP: 56117J100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7792 | NS      | $415313.60    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| G-III Apparel Group Ltd         | G-III Apparel Group Ltd          | CUSIP: 36237H101<br>LEI: 529900O5KABM3R3SFM87 | Long             | EC               | CORP              | US        |     18253 | NS      | $250248.63    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** RBC Funds Trust

**Signature:** Kathy Hegna

**Name of Signer:** Kathy Hegna

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