# EDGAR Filing Document

**Accession Number:** 0001272950
**File Stem:** 0001752724-23-049561
**Filing Date:** 2023-3
**Character Count:** 39143
**Document Hash:** 744acfe352fbc58b9fed0c75c3faf1b7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-049561.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001752724-23-049561

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230301

**PERIOD START**: 20230331

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21475
- **FILM NUMBER:** 23691121

**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 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

------

**December 31, 2022 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  **Common Stocks — 98.93%** | **Common Stocks — 98.93%** |  |
|  **Brazil — 5.34%** | **Brazil — 5.34%** | **Brazil — 5.34%** |
| 85300 | Banco do Brasil SA | $561100 |
| 212500 | Cia Brasileira de Aluminio | 464866 |
| 79900 | Hypera SA | 684025 |
| 70200 | Intelbras SA Industria de Telecomunicacao Eletronica Brasileira | 404866 |
| 100200 | Sao Martinho SA | 503301 |
| 82300 | SLC Agricola SA | 731226 |
|  |  | 3349384 |
|  **Chile — 2.68%** | **Chile — 2.68%** | **Chile — 2.68%** |
| 89988 | Antofagasta Plc | 1679861 |
|  **China — 28.64%** | **China — 28.64%** | **China — 28.64%** |
| 236200 | Alibaba Group Holding Ltd.\* | 2591802 |
| 68100 | Baidu, Inc., Class A\* | 971156 |
| 157698 | Beijing New Building Materials Plc, Class A | 584968 |
| 382500 | China Overseas Land & Investment Ltd. | 1000954 |
| &nbsp;&nbsp;&nbsp;&nbsp;1142000 | Chinasoft International Ltd. | 988638 |
| 908000 | CIMC Enric Holdings Ltd. | 913962 |
| 928000 | CSPC Pharmaceutical Group Ltd. | 966116 |
| 4500 | Daqo New Energy Corp., ADR\* | 173745 |
| 241000 | Flat Glass Group Co. Ltd., Class H | 579578 |
| 140100 | Midea Group Co. Ltd., Class A | 1039723 |
| 1110000 | Nexteer Automotive Group Ltd. | 723669 |
| 769410 | Ping An Bank Co. Ltd., Class A | 1452353 |
| 281999 | Ping An Insurance Group Co. of China Ltd., Series H | 1852662 |
| 119792 | Sieyuan Electric Co. Ltd., Class A | 657129 |
| 226000 | SITC International Holdings Co. Ltd. | 500915 |
| 1283000 | Topsports International Holdings Ltd.(a) | 1010849 |
| 17200 | Trip.com Group Ltd.\* | 593221 |
| 46098 | Wuxi Lead Intelligent Equipment Co. Ltd., Class A | 265942 |
| 309868 | Xinyi Glass Holdings Ltd. | 572504 |
| 1080400 | Zoomlion Heavy Industry Science and Technology Co. Ltd., Class H | 509013 |
|  |  | 17948899 |
|  **Egypt — 1.06%** | **Egypt — 1.06%** | **Egypt — 1.06%** |
| 554244 | Commercial International Bank Egypt SAE, GDR | 661992 |
|  **Hong Kong — 0.36%** | **Hong Kong — 0.36%** | **Hong Kong — 0.36%** |
| 677000 | Pacific Basin Shipping Ltd. | 228071 |
|  **Hungary — 0.83%** | **Hungary — 0.83%** |  |
| 19155 | OTP Bank Nyrt | 520463 |
|  **India — 11.15%** | **India — 11.15%** | **India — 11.15%** |
| 255477 | Apollo Tyres Ltd. | 999020 |

---

**1** 

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Emerging Markets Value Equity Fund (cont.)

------

**December 31, 2022 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
| **Shares** |  | **Value** | **Value** |
| 116824 | Axis Bank Ltd. | $| 1314696 |
| 205217 | Hindalco Industries Ltd. |  | 1173210 |
| 174115 | KEC International Ltd. |  | 1038727 |
| 477942 | Redington Ltd. |  | 1043025 |
| 68005 | Shriram Finance Ltd. |  | 1128900 |
| 33496 | UPL Ltd. |  | 289296 |
|  |  |  | 6986874 |
|  **Indonesia — 1.43%** | **Indonesia — 1.43%** | **Indonesia — 1.43%** | **Indonesia — 1.43%** |
| &nbsp;&nbsp;&nbsp;&nbsp;1513900 | Bank Negara Indonesia Persero Tbk PT |  | 896937 |
|  **Korea — 13.40%** | **Korea — 13.40%** | **Korea — 13.40%** | **Korea — 13.40%** |
| 12581 | DB Insurance Co. Ltd. |  | 652136 |
| 8348 | E-MART, Inc.\* |  | 649064 |
| 19356 | Fila Holdings Corp. |  | 510644 |
| 25877 | Hana Financial Group, Inc. |  | 861681 |
| 16703 | HL Mando Co. Ltd. |  | 533042 |
| 4553 | Hyundai Motor Co. |  | 544912 |
| 19121 | LG Corp. |  | 1183975 |
| 63050 | Samsung Electronics Co. Ltd. |  | 2767469 |
| 11670 | SK Hynix, Inc. |  | 696279 |
|  |  |  | 8399202 |
|  **Mexico — 2.81%** | **Mexico — 2.81%** | **Mexico — 2.81%** | **Mexico — 2.81%** |
| 784214 | Gentera SAB de CV |  | 884562 |
| 121300 | Regional SAB de CV |  | 877700 |
|  |  |  | 1762262 |
|  **Pakistan — 0.38%** | **Pakistan — 0.38%** |  |  |
| 851530 | Habib Bank Ltd. |  | 240307 |
|  **Peru — 1.45%** | **Peru — 1.45%** | **Peru — 1.45%** | **Peru — 1.45%** |
| 6700 | Credicorp Ltd. |  | 908922 |
|  **Philippines — 1.17%** | **Philippines — 1.17%** |  |  |
| 385230 | BDO Unibank, Inc. |  | 732583 |
|  **Russia — 0.00%** | **Russia — 0.00%** | **Russia — 0.00%** | **Russia — 0.00%** |
| 2322600 | Sistema PJSFC\*,(b),(c) |  | 0 |
| 893930 | United Co. RUSAL International PJSC(b),(c) |  | 0 |
| 30666 | X5 Retail Group NV, GDR(b),(c) |  | 1 |
|  |  |  | 1 |
|  **South Africa — 8.45%** | **South Africa — 8.45%** | **South Africa — 8.45%** | **South Africa — 8.45%** |
| 1203944 | Growthpoint Properties Ltd., REIT |  | 1032085 |
| 1566924 | KAP Industrial Holdings Ltd. |  | 407843 |
| 51681 | Mr Price Group Ltd. |  | 479224 |
| 123642 | MTN Group Ltd. |  | 923451 |

---

**2** 

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Emerging Markets Value Equity Fund (cont.)

------

**December 31, 2022 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
| **Shares** |  | **Value** | **Value** |
| 10642 | Naspers Ltd., N Shares | $| 1778338 |
| &nbsp;&nbsp;&nbsp;&nbsp;1095370 | Old Mutual Ltd. |  | 671991 |
|  |  |  | 5292932 |
|  **Taiwan — 12.92%** | **Taiwan — 12.92%** | **Taiwan — 12.92%** | **Taiwan — 12.92%** |
| 141143 | Chailease Holding Co. Ltd. |  | 994379 |
| 106000 | Elite Material Co. Ltd. |  | 586960 |
| 132583 | Innodisk Corp. |  | 799568 |
| 38850 | Lotes Co. Ltd. |  | 1039546 |
| 44000 | MediaTek, Inc. |  | 889633 |
| 67000 | Merida Industry Co. Ltd. |  | 363107 |
| 236000 | Taiwan Semiconductor Manufacturing Co. Ltd. |  | 3427537 |
|  |  |  | 8100730 |
|  **Thailand — 1.15%** | **Thailand — 1.15%** | **Thailand — 1.15%** | **Thailand — 1.15%** |
| 169400 | Kasikornbank Public Co. Ltd. |  | 720162 |
|  **Turkey — 1.45%** | **Turkey — 1.45%** | **Turkey — 1.45%** | **Turkey — 1.45%** |
| 34401 | BIM Birlesik Magazalar AS |  | 251397 |
| 147185 | KOC Holding AS |  | 660323 |
|  |  |  | 911720 |
|  **United Arab Emirates — 1.47%** | **United Arab Emirates — 1.47%** | **United Arab Emirates — 1.47%** | **United Arab Emirates — 1.47%** |
| 766829 | Aldar Properties PJSC |  | 921405 |
|  **United States — 1.60%** | **United States — 1.60%** | **United States — 1.60%** | **United States — 1.60%** |
| 380700 | Samsonite International SA\*,(a) |  | 999607 |
|  **Vietnam — 1.19%** | **Vietnam — 1.19%** | **Vietnam — 1.19%** | **Vietnam — 1.19%** |
| 365950 | Vinhomes JSC(a) |  | 743902 |
|  **Total Common Stocks**<br> (Cost $72,787,139) | **Total Common Stocks**<br> (Cost $72,787,139) |  | **62006216** |
|  **Preferred Stocks — 1.82%** | **Preferred Stocks — 1.82%** | **Preferred Stocks — 1.82%** | **Preferred Stocks — 1.82%** |
|  **Brazil — 1.05%** | **Brazil — 1.05%** | **Brazil — 1.05%** | **Brazil — 1.05%** |
| 80200 | Centrais Eletricas Brasileiras SA, Class B |  | 656668 |

---

**3** 

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Emerging Markets Value Equity Fund (cont.)

------

**December 31, 2022 (Unaudited)** 

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  **Colombia — 0.77%** | **Colombia — 0.77%** |  |
| 85082 | Banco Davivienda SA | $483676 |
|  **Total Preferred Stocks**<br> (Cost $1,282,797) | **Total Preferred Stocks**<br> (Cost $1,282,797) | **1140344** |
|  **Total Investments**<br> (Cost $74,069,936) — 100.75% | **Total Investments**<br> (Cost $74,069,936) — 100.75% | $**63146560** |
|  **Liabilities in excess of other assets — (0.75)%** | **Liabilities in excess of other assets — (0.75)%** | **(470009)** |
|  **NET ASSETS — 100.00%** | **NET ASSETS — 100.00%** | $**62676551** |

---

------

\* Non-income producing security.

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

(b) 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.

Abbreviations used are defined below:

---

| |
|:---|
| ADR - American Depositary Receipt |
| GDR - Global Depositary Receipt |
| REIT - Real Estate Investment Trust |

---

**4** 

------

SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Emerging Markets Value Equity Fund (cont.)

------

**December 31, 2022 (Unaudited)** 

Portfolio Diversification (Unaudited)

---

| | |
|:---|:---|
| Industries | Percentage<br>of Net Assets |
|  Financials | 26.19% |
|  Information Technology | 21.38% |
|  Consumer Discretionary | 19.41% |
|  Industrials | 12.00% |
|  Real Estate | 5.90% |
|  Materials | 5.76% |
|  Consumer Staples | 3.41% |
|  Communication Services | 3.02% |
|  Health Care | 2.63% |
|  Utilities | 1.05% |
|  Other\* | (0.75)% |
|  | 100.00% |

---

------

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

**5**

## 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 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:** 2023-03-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $63905029.64

**Total Liabilities:** $1312132.99

**Net Assets:** $62592896.65

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000195521 | -1.30%               | 17.66%               | -2.01%               |
| Class ID C000195520 | -1.30%               | 17.52%               | -2.03%               |
| Class ID C000195522 | -1.35%               | 17.78%               | -2.10%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-782547.40              | $-42909.35                                 |
| Month 2  | $26351.76                | $10568412.09                               |
| Month 3  | $-628417.92              | $-824125.42                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Merida Industry Co Ltd         | Merida Industry Co Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     67000 | NS      | $363107.09    | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| CIMC Enric Holdings Ltd        | CIMC Enric Holdings Ltd                                         | CUSIP: 000000000<br>LEI: 254900RKJGCDZN5ZOB09 | Long             | EC               | CORP              | HK        |    908000 | NS      | $913962.21    | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd      | Alibaba Group Holding Ltd                                       | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | CN        |    236200 | NS      | $2591802.15   | 4.14%             |  |  |  | No            |                  2 | On Loan: No      |
| X5 Retail Group NV             | X5 Retail Group NV                                              | CUSIP: 98387E205<br>LEI: 213800J17UJJJDGUVF56 | Long             | EC               | CORP              | RU        |     30666 | NS      | $0.31         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Antofagasta PLC                | Antofagasta PLC                                                 | CUSIP: 000000000<br>LEI: 213800MY6QVH4FVLD628 | Long             | EC               | CORP              | CL        |     89988 | NS      | $1679860.65   | 2.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Eletrobras SA                  | Centrais Eletricas Brasileiras SA                               | CUSIP: 000000000<br>LEI: 254900I8KYDELP4B4Z08 | Long             | EP               | CORP              | BR        |     80200 | NS      | $656668.59    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Lotes Co Ltd                   | Lotes Co Ltd                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     38850 | NS      | $1039546.24   | 1.66%             |  |  |  | No            |                  2 | On Loan: No      |
| BNI Tbk PT                     | Bank Negara Indonesia Persero Tbk PT                            | CUSIP: 000000000<br>LEI: 549300HZ8J3MLVXQ8F85 | Long             | EC               | CORP              | ID        |   1513900 | NS      | $896936.75    | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Pacific Basin Shipping Ltd     | Pacific Basin Shipping Ltd                                      | CUSIP: 000000000<br>LEI: 254900LNPK737X4Y3V26 | Long             | EC               | CORP              | HK        |    677000 | NS      | $228070.88    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| CSPC Pharmaceutical Group Ltd  | CSPC Pharmaceutical Group Ltd                                   | CUSIP: 000000000<br>LEI: 529900M3XQCW234H8O91 | Long             | EC               | CORP              | CN        |    928000 | NS      | $966116.31    | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| BIM Birlesik Magazalar AS      | BIM Birlesik Magazalar AS                                       | CUSIP: 000000000<br>LEI: 7890001GCDJQD8DJKE29 | Long             | EC               | CORP              | TR        |     34401 | NS      | $251397.38    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Vinhomes JSC                   | Vinhomes JSC                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |    365950 | NS      | $743902.30    | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| RUSAL                          | United Co RUSAL International PJSC                              | CUSIP: 000000000<br>LEI: 213800WNO9IQTTI4PG55 | Long             | EC               | CORP              | RU        |    893930 | NS      | $0.12         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co Ltd                       | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    236000 | NS      | $3427537.34   | 5.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Chailease Holding Co Ltd       | Chailease Holding Co Ltd                                        | CUSIP: 000000000<br>LEI: 529900L76E6T0JCM3J27 | Long             | EC               | CORP              | TW        |    141143 | NS      | $994378.98    | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Cia Brasileira de Aluminio     | Cia Brasileira de Aluminio                                      | CUSIP: 000000000<br>LEI: 5493001QYTIDILBVYO18 | Long             | EC               | CORP              | BR        |    212500 | NS      | $464865.76    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Intelbras SA Industria de Tele | Intelbras SA Industria de Telecomunicacao Eletronica Brasileira | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     70200 | NS      | $404865.76    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| DB Insurance Co Ltd            | DB Insurance Co Ltd                                             | CUSIP: 000000000<br>LEI: 9884000ZF26VNJBWSJ91 | Long             | EC               | CORP              | KR        |     12581 | NS      | $652135.69    | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Hynix Inc                   | SK Hynix Inc                                                    | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |     11670 | NS      | $696279.48    | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Shriram Finance Ltd            | Shriram Finance Ltd                                             | CUSIP: 000000000<br>LEI: 335800TM2YO24B76XL26 | Long             | EC               | CORP              | IN        |     68005 | NS      | $1128899.75   | 1.80%             |  |  |  | No            |                  2 | On Loan: No      |
| BNBMPLC                        | Beijing New Building Materials PLC                              | CUSIP: 000000000<br>LEI: 3003000VY5ALEC09Q824 | Long             | EC               | CORP              | CN        |    157698 | NS      | $584967.82    | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd     | Samsung Electronics Co Ltd                                      | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |     63050 | NS      | $2767469.00   | 4.42%             |  |  |  | No            |                  2 | On Loan: No      |
| ZOOMLION CO. LTD.              | Zoomlion Heavy Industry Science and Technology Co Ltd           | CUSIP: 000000000<br>LEI: 529900QZ3EMAU0QKFK85 | Long             | EC               | CORP              | CN        |   1080400 | NS      | $509013.05    | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Topsports International Holdin | Topsports International Holdings Ltd                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |   1283000 | NS      | $1010848.90   | 1.61%             |  |  |  | No            |                  2 | On Loan: No      |
| BDO Unibank Inc                | BDO Unibank Inc                                                 | CUSIP: 000000000<br>LEI: 3FGIIBS1PEI1FYQBGN97 | Long             | EC               | CORP              | PH        |    385230 | NS      | $732583.56    | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| LEAD INTELLIGENT               | Wuxi Lead Intelligent Equipment Co Ltd                          | CUSIP: 000000000<br>LEI: 836800J7WO9E2EF72B65 | Long             | EC               | CORP              | CN        |     46098 | NS      | $265942.07    | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Nexteer Automotive Group Ltd   | Nexteer Automotive Group Ltd                                    | CUSIP: 000000000<br>LEI: 529900O9GGNBKMJ9UO48 | Long             | EC               | CORP              | US        |   1110000 | NS      | $723668.46    | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsonite International SA     | Samsonite International SA                                      | CUSIP: 000000000<br>LEI: 549300UULS5HYFJSEL12 | Long             | EC               | CORP              | US        |    380700 | NS      | $999606.57    | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA OVERSEAS                 | China Overseas Land & Investment Ltd                            | CUSIP: 000000000<br>LEI: 529900I6W35GYKRIZ151 | Long             | EC               | CORP              | HK        |    382500 | NS      | $1000953.76   | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| SLC Agricola SA                | SLC Agricola SA                                                 | CUSIP: 000000000<br>LEI: 54930017BQDYJPIJXG79 | Long             | EC               | CORP              | BR        |     82300 | NS      | $731226.48    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| HL Mando Co Ltd                | HL Mando Co Ltd                                                 | CUSIP: 000000000<br>LEI: 988400P5GM9DGVVOJQ79 | Long             | EC               | CORP              | KR        |     16703 | NS      | $533042.38    | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Growthpoint Properties Ltd     | Growthpoint Properties Ltd                                      | CUSIP: 000000000<br>LEI: 37890019DD1E46632291 | Long             | EC               | CORP              | ZA        |   1203944 | NS      | $1032084.82   | 1.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Hypera SA                      | Hypera SA                                                       | CUSIP: 000000000<br>LEI: 25490092WKPBKTIZX403 | Long             | EC               | CORP              | BR        |     79900 | NS      | $684024.81    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Redington Ltd                  | Redington Ltd                                                   | CUSIP: 000000000<br>LEI: 335800DTFNX7F2LM5227 | Long             | EC               | CORP              | IN        |    477942 | NS      | $1043024.80   | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Fila Holdings Corp             | Fila Holdings Corp                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     19356 | NS      | $510644.22    | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Corp                        | LG Corp                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     19121 | NS      | $1183974.96   | 1.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Kasikornbank PCL               | Kasikornbank PCL                                                | CUSIP: 000000000<br>LEI: 5493004COSQ54937AW41 | Long             | EC               | CORP              | TH        |    169400 | NS      | $720161.72    | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Regional SAB de CV             | Regional SAB de CV                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    121300 | NS      | $877699.95    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Habib Bank Ltd                 | Habib Bank Ltd                                                  | CUSIP: 000000000<br>LEI: 549300N63RJKPUYAY631 | Long             | EC               | CORP              | PK        |    851530 | NS      | $240306.66    | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Credicorp Ltd                  | Credicorp Ltd                                                   | CUSIP: 000000000<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | PE        |      6700 | NS      | $908922.00    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Hana Financial Group Inc       | Hana Financial Group Inc                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     25877 | NS      | $861681.17    | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Daqo New Energy Corp           | Daqo New Energy Corp                                            | CUSIP: 23703Q203<br>LEI: 529900711JBZ5O7VA827 | Long             | EC               | CORP              | CN        |      4500 | NS      | $173745.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Midea Group Co Ltd             | Midea Group Co Ltd                                              | CUSIP: 000000000<br>LEI: 3003003TRPHLHZD2IF61 | Long             | EC               | CORP              | CN        |    140100 | NS      | $1039723.28   | 1.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Trip.com Group Ltd             | Trip.com Group Ltd                                              | CUSIP: 000000000<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | CN        |     17200 | NS      | $593221.02    | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Ping An Bank Co Ltd            | Ping An Bank Co Ltd                                             | CUSIP: 000000000<br>LEI: 549300W9MKNIVWXFM679 | Long             | EC               | CORP              | CN        |    769410 | NS      | $1452352.60   | 2.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Sieyuan Electric Co Ltd        | Sieyuan Electric Co Ltd                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    119792 | NS      | $657128.50    | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Commercial International Bank  | Commercial International Bank Egypt SAE                         | CUSIP: 201712205<br>LEI: 213800FIIXJAMEVRIH48 | Long             | EC               | CORP              | EG        |    554244 | NS      | $661991.99    | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Motor Co               | Hyundai Motor Co                                                | CUSIP: 000000000<br>LEI: 9884004RQX8PRBXQ8S60 | Long             | EC               | CORP              | KR        |      4553 | NS      | $544912.05    | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco do Brasil SA             | Banco do Brasil SA                                              | CUSIP: 000000000<br>LEI: QE0Q0253K88YAGNPE356 | Long             | EC               | CORP              | BR        |     85300 | NS      | $561100.24    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| OTP Bank Nyrt                  | OTP Bank Nyrt                                                   | CUSIP: 000000000<br>LEI: 529900W3MOO00A18X956 | Long             | EC               | CORP              | HU        |     19155 | NS      | $520462.63    | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Axis Bank Ltd                  | Axis Bank Ltd                                                   | CUSIP: 000000000<br>LEI: 549300HVNWMJPOFVNI41 | Long             | EC               | CORP              | IN        |    116824 | NS      | $1314695.65   | 2.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Baidu Inc                      | Baidu Inc                                                       | CUSIP: 000000000<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               | CORP              | CN        |     68100 | NS      | $971156.32    | 1.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Gentera SAB de CV              | Gentera SAB de CV                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    906114 | NS      | $1022060.69   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Innodisk Corp                  | Innodisk Corp                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    132583 | NS      | $799567.54    | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| SITC International Holdings Co | SITC International Holdings Co Ltd                              | CUSIP: 000000000<br>LEI: 529900JUV4MOM9CE3V12 | Long             | EC               | CORP              | HK        |    226000 | NS      | $500915.42    | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| UPL Ltd                        | UPL Ltd                                                         | CUSIP: 000000000<br>LEI: 335800RJSM1SLHO4UA95 | Long             | EC               | CORP              | IN        |     33496 | NS      | $289296.23    | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| PING AN                        | Ping An Insurance Group Co of China Ltd                         | CUSIP: 000000000<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | CN        |    281999 | NS      | $1852661.62   | 2.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Apollo Tyres Ltd               | Apollo Tyres Ltd                                                | CUSIP: 000000000<br>LEI: 335800W2PJ4XBSHQYC34 | Long             | EC               | CORP              | IN        |    255477 | NS      | $999020.12    | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| E-MART Inc                     | E-MART Inc                                                      | CUSIP: 000000000<br>LEI: 988400SAX0Q74FRA9981 | Long             | EC               | CORP              | KR        |      8348 | NS      | $649063.53    | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Elite Material Co Ltd          | Elite Material Co Ltd                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    106000 | NS      | $586959.69    | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek Inc                   | MediaTek Inc                                                    | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |     44000 | NS      | $889633.30    | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Flat Glass Group Co Ltd        | Flat Glass Group Co Ltd                                         | CUSIP: 000000000<br>LEI: 300300BEL4RMXBKEA373 | Long             | EC               | CORP              | CN        |    241000 | NS      | $579577.57    | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Sao Martinho SA                | Sao Martinho SA                                                 | CUSIP: 000000000<br>LEI: 549300R3Z74BNJBF4161 | Long             | EC               | CORP              | BR        |    100200 | NS      | $503301.10    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| KAP Industrial Holdings Ltd    | KAP Industrial Holdings Ltd                                     | CUSIP: 000000000<br>LEI: 3789001F51BC0045FD42 | Long             | EC               | CORP              | ZA        |   1566924 | NS      | $407842.80    | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Mr Price Group Ltd             | Mr Price Group Ltd                                              | CUSIP: 000000000<br>LEI: 378900D3417C35C5D733 | Long             | EC               | CORP              | ZA        |     51681 | NS      | $479224.13    | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Aldar Properties PJSC          | Aldar Properties PJSC                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AE        |    766829 | NS      | $921405.20    | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Naspers Ltd                    | Naspers Ltd                                                     | CUSIP: 000000000<br>LEI: 21380044BQ8812EEKT59 | Long             | EC               | CORP              | ZA        |     10642 | NS      | $1778338.67   | 2.84%             |  |  |  | No            |                  2 | On Loan: No      |
| KOC Holding AS                 | KOC Holding AS                                                  | CUSIP: 000000000<br>LEI: 7890005U0H950VH19H45 | Long             | EC               | CORP              | TR        |    147185 | NS      | $660322.76    | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Xinyi Glass Holdings Ltd       | Xinyi Glass Holdings Ltd                                        | CUSIP: 000000000<br>LEI: 52990082YXVVZFK1QJ17 | Long             | EC               | CORP              | HK        |    309868 | NS      | $572504.44    | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Davivienda SA            | Banco Davivienda SA                                             | CUSIP: 000000000<br>LEI: 549300P161V4IPKAQS70 | Long             | EP               | CORP              | CO        |     85082 | NS      | $483675.73    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| KEC International Ltd          | KEC International Ltd                                           | CUSIP: 000000000<br>LEI: 335800UCWKGDJBU7ZT31 | Long             | EC               | CORP              | IN        |    174115 | NS      | $1038727.07   | 1.66%             |  |  |  | No            |                  2 | On Loan: No      |
| MTN Group Ltd                  | MTN Group Ltd                                                   | CUSIP: 000000000<br>LEI: 2549009JD6Q6XHZS5E05 | Long             | EC               | CORP              | ZA        |    123642 | NS      | $923451.08    | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Sistema PJSFC                  | Sistema PJSFC                                                   | CUSIP: 000000000<br>LEI: 213800JSZ2UUK4QQK694 | Long             | EC               | CORP              | RU        |   2322600 | NS      | $0.31         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Chinasoft International Ltd    | Chinasoft International Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |   1142000 | NS      | $988638.32    | 1.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Hindalco Industries Ltd        | Hindalco Industries Ltd                                         | CUSIP: 000000000<br>LEI: 335800KXLE5NO5B4GF90 | Long             | EC               | CORP              | IN        |    205217 | NS      | $1173210.16   | 1.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Old Mutual Ltd                 | Old Mutual Ltd                                                  | CUSIP: 000000000<br>LEI: 213800MON84ZWWPQCN47 | Long             | EC               | CORP              | ZA        |   1095370 | NS      | $671990.94    | 1.07%             |  |  |  | No            |                  2 | 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.