# EDGAR Filing Document

**Accession Number:** 0001272950
**File Stem:** 0001752724-25-202243
**Filing Date:** 2025-8
**Character Count:** 39458
**Document Hash:** 0e75b15acb5fd83ed93fd989ff788bbd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-202243.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001752724-25-202243

**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:** 251250333

**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 Enterprise Fund (Series ID: S000001811)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000004738 | A Shares     | TETAX           |
| C000034084 | I Shares     | TETIX           |

## Nport-Ex

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Enterprise Fund

------

June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
| **Common Stocks — 92.1%** | **Common Stocks — 92.1%** |  |
| **Consumer Discretionary — 9.4%** | **Consumer Discretionary — 9.4%** |  |
| &nbsp;&nbsp;33360 | Beazer Homes USA, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;$746263 |
| &nbsp;&nbsp;20370 | First Watch Restaurant Group, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;326735 |
| &nbsp;&nbsp;21030 | Genesco, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;414081 |
| &nbsp;&nbsp;28500 | G-III Apparel Group Ltd.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;638400 |
| &nbsp;&nbsp;&nbsp;&nbsp;2810 | Group 1 Automotive, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1227155 |
| &nbsp;&nbsp;25780 | Legacy Housing Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;584175 |
| &nbsp;&nbsp;&nbsp;&nbsp;6400 | Oxford Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;257600 |
| &nbsp;&nbsp;10734 | Patrick Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;990426 |
| &nbsp;&nbsp;11600 | Steven Madden Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;278168 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;5463003 |
| **Consumer Staples — 0.5%** | **Consumer Staples — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4380 | John B Sanfilippo & Son, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;276991 |
| **Energy — 2.3%** | **Energy — 2.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;8060 | Cactus, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;352383 |
| &nbsp;&nbsp;16500 | Magnolia Oil & Gas Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;370920 |
| &nbsp;&nbsp;&nbsp;&nbsp;6200 | Matador Resources Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;295864 |
| &nbsp;&nbsp;35030 | Select Water Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302659 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1321826 |
| **Financials — 21.6%** | **Financials — 21.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5370 | AMERISAFE, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;234830 |
| &nbsp;&nbsp;45820 | Banc of California, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;643771 |
| &nbsp;&nbsp;24278 | Compass Diversified Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152466 |
| &nbsp;&nbsp;34472 | Eastern Bankshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;526388 |
| &nbsp;&nbsp;19650 | Esquire Financial Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1860069 |
| &nbsp;&nbsp;14970 | First Bancorp/Southern Pines, NC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;660027 |
| &nbsp;&nbsp;21100 | German American Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;812561 |
| &nbsp;&nbsp;21126 | Mercantile Bank Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;980458 |
| &nbsp;&nbsp;15440 | Northrim BanCorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1439934 |
| &nbsp;&nbsp;39640 | P10, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;405121 |
| &nbsp;&nbsp;&nbsp;&nbsp;8440 | Preferred Bank/Los Angeles, CA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;730440 |
| &nbsp;&nbsp;17440 | QCR Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1184176 |
| &nbsp;&nbsp;17170 | Southern First Bancshares, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;652975 |
| &nbsp;&nbsp;11990 | Stewart Information Services Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;780549 |
| &nbsp;&nbsp;18830 | Stock Yards Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1487193 |
|  |  | &nbsp;&nbsp;&nbsp;12550958 |
| **Health Care — 14.1%** | **Health Care — 14.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5390 | Addus HomeCare Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;620874 |
| 106690 | Alphatec Holdings, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;1184259 |
| &nbsp;&nbsp;13750 | Amphastar Pharmaceuticals, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315700 |
| &nbsp;&nbsp;41930 | Astrana Health, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;1043218 |
| &nbsp;&nbsp;20270 | Lantheus Holdings, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;1659302 |
| 175840 | MiMedx Group, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;1074383 |
| &nbsp;&nbsp;21620 | Pennant Group, Inc. (The)\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;645357 |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Enterprise Fund (cont.)

------

June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
| 19540 | Surmodics, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;$580533 |
| &nbsp;&nbsp;4310 | UFP Technologies, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;1052330 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;8175956 |
| **Industrials — 24.7%** | **Industrials — 24.7%** |  |
| 20575 | Allient Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;747078 |
| 29160 | Asure Software, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;284602 |
| 32970 | Barrett Business Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1374519 |
| 31910 | Bowman Consulting Group Ltd.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;917412 |
| 88070 | BrightView Holdings, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;1466365 |
| 23500 | Byrna Technologies, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;725680 |
| 10648 | Casella Waste Systems, Inc., Class A\* | &nbsp;&nbsp;&nbsp;&nbsp;1228566 |
| 11550 | CBIZ, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;828251 |
| 12170 | Douglas Dynamics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;358650 |
| 27036 | Ducommun, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;2233985 |
| 19530 | Enerpac Tool Group Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;792137 |
| 14416 | Greenbrier Cos., Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;663857 |
| 11883 | Insteel Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;442166 |
| &nbsp;&nbsp;1630 | MYR Group, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;295764 |
| &nbsp;&nbsp;3860 | Standex International Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;604013 |
| 47910 | Thermon Group Holdings, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;1345313 |
|  |  | &nbsp;&nbsp;&nbsp;14308358 |
| **Information Technology — 11.9%** | **Information Technology — 11.9%** |  |
| 42280 | Cohu, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;813467 |
| 20350 | Crane NXT Co. | &nbsp;&nbsp;&nbsp;&nbsp;1096865 |
| 28130 | Napco Security Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;835180 |
| &nbsp;&nbsp;8373 | Novanta, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;1079531 |
| &nbsp;&nbsp;9310 | Onto Innovation, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;939658 |
| &nbsp;&nbsp;8432 | PC Connection, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;554657 |
| 37200 | Penguin Solutions, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;736932 |
| 29216 | Sapiens International Corp. NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;854568 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;6910858 |
| **Materials — 3.7%** | **Materials — 3.7%** |  |
| 11467 | Koppers Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;368664 |
| &nbsp;&nbsp;7470 | Materion Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;592894 |
| 31270 | Metallus, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;481871 |
| 17930 | Olympic Steel, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;584338 |
| 42400 | United States Antimony Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92432 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2120199 |
| **Real Estate — 2.8%** | **Real Estate — 2.8%** |  |
| 79300 | Chatham Lodging Trust, REIT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;552721 |
| 18680 | Community Healthcare Trust, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;310648 |
| 83610 | Summit Hotel Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;425575 |
| 19650 | UMH Properties, Inc., REIT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;329924 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1618868 |

---

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Enterprise Fund (cont.)

------

June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
| **Utilities — 1.1%** | **Utilities — 1.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;12410 | Unitil Corp. | &nbsp;&nbsp;&nbsp;&nbsp;$647182 |
| **Total Common Stocks** | **Total Common Stocks** | &nbsp;&nbsp;&nbsp;**53394199** |
| (Cost $38,893,256) | (Cost $38,893,256) |  |
| **Exchange Traded Funds — 5.7%** | **Exchange Traded Funds — 5.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3040 | iShares Biotechnology ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;384590 |
| &nbsp;&nbsp;&nbsp;&nbsp;12660 | iShares Russell Microcap Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;1616176 |
| &nbsp;&nbsp;&nbsp;&nbsp;15440 | SPDR S&P Biotech ETF | &nbsp;&nbsp;&nbsp;&nbsp;1280439 |
| **Total Exchange Traded Funds** | **Total Exchange Traded Funds** | &nbsp;&nbsp;&nbsp;&nbsp;**3281205** |
| (Cost $2,964,291) | (Cost $2,964,291) |  |
| **Investment Company — 2.4%** | **Investment Company — 2.4%** |  |
| 1386492 | RBC BlueBay U.S. Government Money Market Fund,<br> Institutional Class 1(a) | &nbsp;&nbsp;&nbsp;&nbsp;1386492 |
| **Total Investment Company** | **Total Investment Company** | &nbsp;&nbsp;&nbsp;&nbsp;**1386492** |
| (Cost $1,386,492) | (Cost $1,386,492) |  |
| **Total Investments** | **Total Investments** | **$58061896** |
| (Cost $43,244,039) — 100.2% | (Cost $43,244,039) — 100.2% |  |
| **Liabilities in excess of other assets — (0.2)%** | **Liabilities in excess of other assets — (0.2)%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(108326)** |
| **NET ASSETS — 100.0%** | **NET ASSETS — 100.0%** | **$57953570** |

---

------

\* Non-income producing security. <br> (a) Affiliated investment.

Abbreviations used are defined below: <br> 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 Enterprise Fund

- **b. EDGAR series identifier (if any):** S000001811

- **c. LEI of Series:** 549300F3K79SKZ1IE086

**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:** $58107687.76

**Total Liabilities:** $95140.54

**Net Assets:** $58012547.22

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000004738 | -2.08%               | 2.46%                | 3.51%                |
| Class ID C000034084 | -2.10%               | 2.52%                | 3.54%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-370711.27              | $-831826.95                                |
| Month 2  | $-134939.92              | $1510782.54                                |
| Month 3  | $23132.70                | $1912822.71                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Bowman Consulting Group Ltd                 | Bowman Consulting Group Ltd                 | CUSIP: 103002101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31910 | NS      | $917412.50    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| German American Bancorp Inc                 | German American Bancorp Inc                 | CUSIP: 373865104<br>LEI: 5493002JDOI3GTNVUD76 | Long             | EC               | CORP              | US        |     21100 | NS      | $812561.00    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Industries Inc                      | Patrick Industries Inc                      | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |     10734 | NS      | $990426.18    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Water Solutions Inc                  | Select Water Solutions Inc                  | CUSIP: 81617J301<br>LEI: 54930094OK8LA3QDW486 | Long             | EC               | CORP              | US        |     35030 | NS      | $302659.20    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Oxford Industries Inc                       | Oxford Industries Inc                       | CUSIP: 691497309<br>LEI: IDZ20O0XD3GS4UOI2L88 | Long             | EC               | CORP              | US        |      6400 | NS      | $257600.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Stock Yards Bancorp Inc                     | Stock Yards Bancorp Inc                     | CUSIP: 861025104<br>LEI: 549300YERP9H5TDIQW16 | Long             | EC               | CORP              | US        |     18830 | NS      | $1487193.40   | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Esquire Financial Holdings Inc              | Esquire Financial Holdings Inc              | CUSIP: 29667J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19650 | NS      | $1860069.00   | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Casella Waste Systems Inc                   | Casella Waste Systems Inc                   | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |     10648 | NS      | $1228566.24   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| John B Sanfilippo & Son Inc                 | John B Sanfilippo & Son Inc                 | CUSIP: 800422107<br>LEI: 5299007IBEYVXKYDUX28 | Long             | EC               | CORP              | US        |      4380 | NS      | $276991.20    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Micro-Cap ETF                       | iShares Micro-Cap ETF                       | CUSIP: 464288869<br>LEI: 549300RWAE45TBJ0XD47 | Long             | EC               | RF                | US        |     12660 | NS      | $1616175.60   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Beazer Homes USA Inc                        | Beazer Homes USA Inc                        | CUSIP: 07556Q881<br>LEI: 549300DUPYT2T0F60I45 | Long             | EC               | CORP              | US        |     33360 | NS      | $746263.20    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Legacy Housing Corp                         | Legacy Housing Corp                         | CUSIP: 52472M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25780 | NS      | $584174.80    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohu Inc                                    | Cohu Inc                                    | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | EC               | CORP              | US        |     42280 | NS      | $813467.20    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Cactus Inc                                  | Cactus Inc                                  | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |      8060 | NS      | $352383.20    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| BrightView Holdings Inc                     | BrightView Holdings Inc                     | CUSIP: 10948C107<br>LEI: 549300F8QN8YHVI7L866 | Long             | EC               | CORP              | US        |     88070 | NS      | $1466365.50   | 2.53%             |  |  |  | No            |                  1 | 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        |   1386492 | NS      | $1386492.45   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CBIZ Inc                                    | CBIZ Inc                                    | CUSIP: 124805102<br>LEI: 529900D5X8CFM8O1N813 | Long             | EC               | CORP              | US        |     11550 | NS      | $828250.50    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Napco Security Technologies In              | Napco Security Technologies Inc             | CUSIP: 630402105<br>LEI: 529900KV21J4YY9YST76 | Long             | EC               | CORP              | US        |     28130 | NS      | $835179.70    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Diversified Holdings                | Compass Diversified Holdings                | CUSIP: 20451Q104<br>LEI: 5299001SM1LBYANJRR58 | Long             | EC               | CORP              | US        |     24278 | NS      | $152465.84    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| PC Connection Inc                           | PC Connection Inc                           | CUSIP: 69318J100<br>LEI: 5299005WPRNIXDV2KM73 | Long             | EC               | CORP              | US        |      8432 | NS      | $554656.96    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Pennant Group Inc/The                       | Pennant Group Inc/The                       | CUSIP: 70805E109<br>LEI: 5493007H2OYR6BYLDA64 | Long             | EC               | CORP              | US        |     21620 | NS      | $645357.00    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Enerpac Tool Group Corp                     | Enerpac Tool Group Corp                     | CUSIP: 292765104<br>LEI: IZW37BPZKUJE1QXGB081 | Long             | EC               | CORP              | US        |     19530 | NS      | $792136.80    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc                         | Onto Innovation Inc                         | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |      9310 | NS      | $939658.30    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Banc of California Inc                      | Banc of California Inc                      | CUSIP: 05990K106<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EC               | CORP              | US        |     45820 | NS      | $643771.00    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrett Business Services Inc               | Barrett Business Services Inc               | CUSIP: 068463108<br>LEI: 529900HXB6TMG0SR9Y34 | Long             | EC               | CORP              | US        |     32970 | NS      | $1374519.30   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermon Group Holdings Inc                  | Thermon Group Holdings Inc                  | CUSIP: 88362T103<br>LEI: 529900ZNZBBLDE77MZ38 | Long             | EC               | CORP              | US        |     47910 | NS      | $1345312.80   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Asure Software Inc                          | Asure Software Inc                          | CUSIP: 04649U102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29160 | NS      | $284601.60    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Metallus Inc                                | Metallus Inc                                | CUSIP: 887399103<br>LEI: 549300QZTZWHDE9HJL14 | Long             | EC               | CORP              | US        |     31270 | NS      | $481870.70    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| G-III Apparel Group Ltd                     | G-III Apparel Group Ltd                     | CUSIP: 36237H101<br>LEI: 529900O5KABM3R3SFM87 | Long             | EC               | CORP              | US        |     28500 | NS      | $638400.00    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrim BanCorp Inc                        | Northrim BanCorp Inc                        | CUSIP: 666762109<br>LEI: 5493006X7RLLTZ3SG075 | Long             | EC               | CORP              | US        |     15440 | NS      | $1439934.40   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Chatham Lodging Trust                       | Chatham Lodging Trust                       | CUSIP: 16208T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     79300 | NS      | $552721.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Byrna Technologies Inc                      | Byrna Technologies Inc                      | CUSIP: 12448X201<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23500 | NS      | $725680.00    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Dynamics Inc                        | Douglas Dynamics Inc                        | CUSIP: 25960R105<br>LEI: 529900CDFLKNQ0QT6580 | Long             | EC               | CORP              | US        |     12170 | NS      | $358649.90    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERISAFE Inc                               | AMERISAFE Inc                               | CUSIP: 03071H100<br>LEI: 2549002B4EXPBLGMNN22 | Long             | EC               | CORP              | US        |      5370 | NS      | $234830.10    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| UMH Properties Inc                          | UMH Properties Inc                          | CUSIP: 903002103<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EC               | CORP              | US        |     19650 | NS      | $329923.50    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Genesco Inc                                 | Genesco Inc                                 | CUSIP: 371532102<br>LEI: 549300VY2Q511P1K5P56 | Long             | EC               | CORP              | US        |     21030 | NS      | $414080.70    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Insteel Industries Inc                      | Insteel Industries Inc                      | CUSIP: 45774W108<br>LEI: 52990026LKY4MOX3L174 | Long             | EC               | CORP              | US        |     11883 | NS      | $442166.43    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Healthcare Trust Inc              | Community Healthcare Trust Inc              | CUSIP: 20369C106<br>LEI: 549300FATSRCMKOV9536 | Long             | EC               | CORP              | US        |     18680 | NS      | $310648.40    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Greenbrier Cos Inc/The                      | Greenbrier Cos Inc/The                      | CUSIP: 393657101<br>LEI: 5493001GAGGFR30BP390 | Long             | EC               | CORP              | US        |     14416 | NS      | $663856.80    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphatec Holdings Inc                       | Alphatec Holdings Inc                       | CUSIP: 02081G201<br>LEI: 549300EZE8CQ8K65FS24 | Long             | EC               | CORP              | US        |    106690 | NS      | $1184259.00   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Lantheus Holdings Inc                       | Lantheus Holdings Inc                       | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |     20270 | NS      | $1659302.20   | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Antimony Corp                 | United States Antimony Corp                 | CUSIP: 911549103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42400 | NS      | $92432.00     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Technologies Inc                        | UFP Technologies Inc                        | CUSIP: 902673102<br>LEI: 549300RJ8LY41HS70C91 | Long             | EC               | CORP              | US        |      4310 | NS      | $1052329.60   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Allient Inc                                 | Allient Inc                                 | CUSIP: 019330109<br>LEI: 549300I2LHAWYGNBPM97 | Long             | EC               | CORP              | US        |     20575 | NS      | $747078.25    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Standex International Corp                  | Standex International Corp                  | CUSIP: 854231107<br>LEI: RCX52GR0JW2LRRMH9Z54 | Long             | EC               | CORP              | US        |      3860 | NS      | $604012.80    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P Biotech ETF                        | SPDR S&P Biotech ETF                        | CUSIP: 78464A870<br>LEI: 549300Y3ODFMPD5XXL58 | Long             | EC               | RF                | US        |     15440 | NS      | $1280439.20   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| MYR Group Inc                               | MYR Group Inc                               | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |      1630 | NS      | $295763.50    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Penguin Solutions Inc                       | Penguin Solutions Inc                       | CUSIP: 000000000<br>LEI: 529900RDGHQY8XKXPN14 | Long             | EC               | CORP              | US        |     37200 | NS      | $736932.00    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphastar Pharmaceuticals Inc               | Amphastar Pharmaceuticals Inc               | CUSIP: 03209R103<br>LEI: 54930055TH0ZLSAQMJ38 | Long             | EC               | CORP              | US        |     13750 | NS      | $315700.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Olympic Steel Inc                           | Olympic Steel Inc                           | CUSIP: 68162K106<br>LEI: 549300GQ061U6N6KWJ49 | Long             | EC               | CORP              | US        |     17930 | NS      | $584338.70    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| P10 Inc                                     | P10 Inc                                     | CUSIP: 69376K106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39640 | NS      | $405120.80    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co                        | Matador Resources Co                        | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |      6200 | NS      | $295864.00    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Surmodics Inc                               | Surmodics Inc                               | CUSIP: 868873100<br>LEI: 549300H76KXCAAGUS878 | Long             | EC               | CORP              | US        |     19540 | NS      | $580533.40    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| First Watch Restaurant Group I              | First Watch Restaurant Group Inc            | CUSIP: 33748L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20370 | NS      | $326734.80    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Materion Corp                               | Materion Corp                               | CUSIP: 576690101<br>LEI: 549300CJ5RI351SUYT02 | Long             | EC               | CORP              | US        |      7470 | NS      | $592893.90    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Preferred Bank/Los Angeles CA               | Preferred Bank/Los Angeles CA               | CUSIP: 740367404<br>LEI: 5493007K6HGI9G0ECX16 | Long             | EC               | CORP              | US        |      8440 | NS      | $730439.80    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| QCR Holdings Inc                            | QCR Holdings Inc                            | CUSIP: 74727A104<br>LEI: 549300MWKWM7KWJVQO33 | Long             | EC               | CORP              | US        |     17440 | NS      | $1184176.00   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| First Bancorp/Southern Pines N              | First Bancorp/Southern Pines NC             | CUSIP: 318910106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14970 | NS      | $660027.30    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern First Bancshares Inc               | Southern First Bancshares Inc               | CUSIP: 842873101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17170 | NS      | $652975.10    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Biotechnology ETF                   | iShares Biotechnology ETF                   | CUSIP: 464287556<br>LEI: 549300S7IVD88MPK0066 | Long             | EC               | RF                | US        |      3040 | NS      | $384590.40    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane NXT Co                                | Crane NXT Co                                | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |     20350 | NS      | $1096865.00   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Steven Madden Ltd                           | Steven Madden Ltd                           | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |     11600 | NS      | $278168.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastern Bankshares Inc                      | Eastern Bankshares Inc                      | CUSIP: 27627N105<br>LEI: 549300J245MBQU3DO403 | Long             | EC               | CORP              | US        |     34472 | NS      | $526387.44    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Astrana Health Inc                          | Astrana Health Inc                          | CUSIP: 03763A207<br>LEI: 5493008O4R82Q4STJ936 | Long             | EC               | CORP              | US        |     41930 | NS      | $1043218.40   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Unitil Corp                                 | Unitil Corp                                 | CUSIP: 913259107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12410 | NS      | $647181.50    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Ducommun Inc                                | Ducommun Inc                                | CUSIP: 264147109<br>LEI: 549300Z71HMWF90S2214 | Long             | EC               | CORP              | US        |     27036 | NS      | $2233984.68   | 3.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corp                     | Magnolia Oil & Gas Corp                     | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16500 | NS      | $370920.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Summit Hotel Properties Inc                 | Summit Hotel Properties Inc                 | CUSIP: 866082100<br>LEI: 254900OBQWJK6X20LS71 | Long             | EC               | CORP              | US        |     83610 | NS      | $425574.90    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Addus HomeCare Corp                         | Addus HomeCare Corp                         | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |      5390 | NS      | $620874.10    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Novanta Inc                                 | Novanta Inc                                 | CUSIP: 67000B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8373 | NS      | $1079530.89   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercantile Bank Corp                        | Mercantile Bank Corp                        | CUSIP: 587376104<br>LEI: P16VZZCKTJ5IONL6XE37 | Long             | EC               | CORP              | US        |     21126 | NS      | $980457.66    | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Sapiens International Corp NV               | Sapiens International Corp NV               | CUSIP: 000000000<br>LEI: 2549009P4ZS02GC5QV68 | Long             | EC               | CORP              | IL        |     29216 | NS      | $854568.00    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive Inc                      | Group 1 Automotive Inc                      | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |      2810 | NS      | $1227155.10   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Koppers Holdings Inc                        | Koppers Holdings Inc                        | CUSIP: 50060P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11467 | NS      | $368664.05    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| MiMedx Group Inc                            | MiMedx Group Inc                            | CUSIP: 602496101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    175840 | NS      | $1074382.40   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Stewart Information Services C              | Stewart Information Services Corp           | CUSIP: 860372101<br>LEI: 529900TV1XI0PLKENU10 | Long             | EC               | CORP              | US        |     11990 | NS      | $780549.00    | 1.35%             |  |  |  | No            |                  1 | 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.