# EDGAR Filing Document

**Accession Number:** 0001272950
**File Stem:** 0000940400-25-009963
**Filing Date:** 2025-11
**Character Count:** 69152
**Document Hash:** aa2315456a7cb2894ec3e1823f4ddfbe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-009963.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0000940400-25-009963

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20260331

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21475
- **FILM NUMBER:** 251513827

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

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

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

## Series and Classes Contracts Data

### RBC BlueBay Short Duration Fixed Income Fund (Series ID: S000043718)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000135576 | Class I      | RSDIX           |
| C000138515 | Class A      | RSHFX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Minneapolis

  - **State:** MN

  - **Foreign country:** US

  - **Zip / Postal Code:** 55401

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

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

- **a. Name of Series:** RBC BlueBay Short Duration Fixed Income Fund

- **b. EDGAR series identifier (if any):** S000043718

- **c. LEI of Series:** 5493007T7EM1H5XUC487

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

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

- **b. Date as of which information is reported:** 2025-09-30

**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:** $74474633.55

**Total Liabilities:** $355512.55

**Net Assets:** $74119121.00

**Cash Not Reported:** $524.47

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 463.26000000 | **1-Year:** 4802.26000000 | **5-Year:** 2458.45000000 | **10-Year:** 182.82000000 | **30-Year:** 73.00000000

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

- **3-Month:** 170.09000000 | **1-Year:** 790.95000000 | **5-Year:** 981.45000000 | **10-Year:** 7.11000000 | **30-Year:** 6.74000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000135576 | 0.11%                | 0.91%                | -0.32%               |
| Class ID C000138515 | 0.10%                | 0.90%                | -0.33%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $919.74                  | $-128936.95                                |
| Month 2  | $-1059.65                | $263451.79                                 |
| Month 3  | $30008.90                | $-544569.23                                |

**Designated Index Information**

- **Index Name:** ICE BofA 1-3 Year US Corp & Govt Index

- **Index Identifier:** B1A0

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Crown Point CLO Ltd                           | Crown Point CLO IV Ltd                                                          | CUSIP: 22845XAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $494450.00    | 0.67%             | 2031-04-20      | Floating      | 7.34%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac REMICS                                                              | CUSIP: 31392TLZ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       813 | PA      | $822.52       | 0.00%             | 2032-03-15      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| AXIS Equipment Finance Receiva                | Amur Equipment Finance Receivables X LLC                                        | CUSIP: 03236VAC5<br>LEI: 549300K5Y88MV8B4M421 | Long             | ABS-O            | CORP              | US        |    137821 | PA      | $137643.80    | 0.19%             | 2028-01-20      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                           | Charles Schwab Corp/The                                                         | CUSIP: 808513BZ7<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    390000 | PA      | $393245.34    | 0.53%             | 2027-03-03      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                  | Synopsys Inc                                                                    | CUSIP: 871607AB3<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    450000 | PA      | $454979.89    | 0.61%             | 2028-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                        | GE HealthCare Technologies Inc                                                  | CUSIP: 36267VAD5<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    550000 | PA      | $550237.16    | 0.74%             | 2025-11-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables                 | Exeter Automobile Receivables Trust 2024-4                                      | CUSIP: 30166UAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    525000 | PA      | $529930.36    | 0.71%             | 2030-08-15      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                      | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    540000 | PA      | $566671.03    | 0.76%             | 2029-06-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| MACQUARIE AIRFINANCE HLD                      | Macquarie Airfinance Holdings Ltd                                               | CUSIP: 55609NAC2<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $210295.31    | 0.28%             | 2029-03-26      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| NUTRIEN LTD                                   | Nutrien Ltd                                                                     | CUSIP: 67077MAY4<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $100121.89    | 0.14%             | 2025-11-07      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                      | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MBL8<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    255000 | PA      | $257344.47    | 0.35%             | 2029-09-10      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl                | Santander Drive Auto Receivables Trust 2023-5                                   | CUSIP: 80286PAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    505000 | PA      | $513935.01    | 0.69%             | 2029-12-17      | Fixed         | 6.16%                 | No            |                  2 | On Loan: No      |
| DT Auto Owner Trust                           | DT Auto Owner Trust 2023-2                                                      | CUSIP: 23346CAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    995000 | PA      | $1015496.00   | 1.37%             | 2029-02-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| SOLVAY FINANCE (AMERICA)                      | Syensqo Finance America LLC                                                     | CUSIP: 834423AE5<br>LEI: 54930073OEL5K0Y7NK81 | Long             | DBT              | CORP              | US        |    535000 | PA      | $553989.04    | 0.75%             | 2029-06-04      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                         | Wells Fargo & Co                                                                | CUSIP: 95000U2V4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    420000 | PA      | $416271.94    | 0.56%             | 2028-03-24      | Fixed         | 3.53%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                       | Carmax Auto Owner Trust 2022-4                                                  | CUSIP: 14318UAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    380000 | PA      | $389455.93    | 0.53%             | 2028-07-17      | Fixed         | 6.49%                 | No            |                  2 | On Loan: No      |
| SOUTHERN POWER CO                             | Southern Power Co                                                               | CUSIP: 843646AX8<br>LEI: 5LADC78JBG2BMZD5XF57 | Long             | DBT              | CORP              | US        |    260000 | PA      | $258393.52    | 0.35%             | 2030-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                              | Connecticut Avenue Securities Trust 2024-R05                                    | CUSIP: 20754XAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    316000 | PA      | $317267.21    | 0.43%             | 2044-07-25      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                                                 | CUSIP: 3140QS5W7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    210407 | PA      | $217539.39    | 0.29%             | 2053-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                  | Dell Equipment Finance Trust 2023-2                                             | CUSIP: 24703GAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $503943.87    | 0.68%             | 2029-07-23      | Fixed         | 6.74%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                | Carvana Auto Receivables Trust 2021-N4                                          | CUSIP: 14687HAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     74103 | PA      | $72405.73     | 0.10%             | 2028-09-11      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| MANUF & TRADERS TRUST CO                      | Manufacturers & Traders Trust Co                                                | CUSIP: 55279HAV2<br>LEI: WWB2V0FCW3A0EE3ZJN75 | Long             | DBT              | CORP              | US        |    425000 | PA      | $425191.26    | 0.57%             | 2026-01-27      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae REMICS                                                               | CUSIP: 31398FM57<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       788 | PA      | $792.53       | 0.00%             | 2039-11-25      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| MET TOWER GLOBAL FUNDING                      | Met Tower Global Funding                                                        | CUSIP: 58989V2J2<br>LEI: 635400OFJCY9IOGBGY57 | Long             | DBT              | CORP              | US        |    760000 | PA      | $759299.91    | 1.02%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                   | Oracle Corp                                                                     | CUSIP: 68389XCF0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    295000 | PA      | $295391.78    | 0.40%             | 2025-11-10      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables                 | Exeter Automobile Receivables Trust 2022-6                                      | CUSIP: 30168AAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    243174 | PA      | $244163.59    | 0.33%             | 2028-05-15      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                                 | United States Treasury Bill                                                     | CUSIP: 912797RD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2500000 | PA      | $2494390.69   | 3.37%             | 2025-10-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                  | Dell Equipment Finance Trust 2024-1                                             | CUSIP: 24702GAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $763899.40    | 1.03%             | 2030-09-23      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Centersquare Issuer LLC                       | Centersquare Issuer LLC                                                         | CUSIP: 15201EAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    620000 | PA      | $608650.54    | 0.82%             | 2054-10-26      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                        | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BT1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1024372.15   | 1.38%             | 2027-10-20      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Tesla Auto Lease Trust                        | Tesla Auto Lease Trust 2023-A                                                   | CUSIP: 88167PAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    550000 | PA      | $550000.00    | 0.74%             | 2027-07-20      | Fixed         | 6.41%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                                | ACHV ABS Trust 2024-3AL                                                         | CUSIP: 00092KAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    190202 | PA      | $191580.60    | 0.26%             | 2031-12-26      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| AXIS Equipment Finance Receiva                | Amur Equipment Finance Receivables XI LLC                                       | CUSIP: 03236XAD9<br>LEI: 549300IFG1NMINYRYF89 | Long             | ABS-O            | CORP              | US        |    675000 | PA      | $682871.72    | 0.92%             | 2029-01-22      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL CAP LLC                        | CNH Industrial Capital LLC                                                      | CUSIP: 12592BAM6<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |    300000 | PA      | $293534.91    | 0.40%             | 2026-07-15      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                             | Kinder Morgan Inc                                                               | CUSIP: 49456BAU5<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    125000 | PA      | $121752.32    | 0.16%             | 2026-11-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobi                | GM Financial Consumer Automobile Receivables Trust 2023-1                       | CUSIP: 38013JAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1009274.46   | 1.36%             | 2028-09-18      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC                         | Micron Technology Inc                                                           | CUSIP: 595112CA9<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    525000 | PA      | $541447.78    | 0.73%             | 2028-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                      | OBX 2025-NQM3 Trust                                                             | CUSIP: 67448YAC8<br>LEI: 254900MBGY6CR10DAX67 | Long             | ABS-MBS          | CORP              | US        |    364013 | PA      | $367363.39    | 0.50%             | 2064-12-01      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC                            | Royalty Pharma PLC                                                              | CUSIP: 78081BAQ6<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |    480000 | PA      | $492717.04    | 0.66%             | 2029-09-02      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                           | Freddie Mac STACR REMIC Trust 2024-DNA3                                         | CUSIP: 35564NFA6<br>LEI: 529900P3PHNE8PW64Z68 | Long             | ABS-MBS          | CORP              | US        |    185000 | PA      | $185145.05    | 0.25%             | 2044-10-25      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| PNC BANK NA                                   | PNC Bank NA                                                                     | CUSIP: 69353RFY9<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |    460000 | PA      | $460738.11    | 0.62%             | 2027-05-13      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                                 | United States Treasury Bill                                                     | CUSIP: 912797QE0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2500000 | PA      | $2497752.01   | 3.37%             | 2025-10-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                               | CVS Health Corp                                                                 | CUSIP: 126650DS6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    475000 | PA      | $476270.95    | 0.64%             | 2026-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                    | Verus Securitization Trust 2023-4                                               | CUSIP: 92539TAA1<br>LEI: 2138008DC17PCNG48R87 | Long             | ABS-MBS          | CORP              | US        |    244948 | PA      | $245641.81    | 0.33%             | 2068-05-25      | Variable      | 5.81%                 | No            |                  2 | On Loan: No      |
| NextGear Floorplan Master Owne                | NextGear Floorplan Master Owner Trust                                           | CUSIP: 65341KCG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1000547.60   | 1.35%             | 2030-02-15      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                         | Athene Global Funding                                                           | CUSIP: 04685A2Z3<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    250000 | PA      | $245335.59    | 0.33%             | 2026-06-29      | Fixed         | 1.61%                 | No            |                  2 | On Loan: No      |
| HOMES Trust                                   | HOMES 2025-NQM4 Trust                                                           | CUSIP: 403958AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    795941 | PA      | $797966.40    | 1.08%             | 2070-08-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                              | Deutsche Bank AG/New York NY                                                    | CUSIP: 251526CV9<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    570000 | PA      | $580187.84    | 0.78%             | 2028-02-08      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                  | Drive Auto Receivables Trust 2021-2                                             | CUSIP: 262104AF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    185578 | PA      | $184465.96    | 0.25%             | 2029-03-15      | Fixed         | 1.39%                 | No            |                  2 | On Loan: No      |
| DNB BANK ASA                                  | DNB Bank ASA                                                                    | CUSIP: 23329PAG5<br>LEI: 549300GKFG0RYRRQ1414 | Long             | DBT              | CORP              | NO        |    200000 | PA      | $196497.42    | 0.27%             | 2027-05-25      | Fixed         | 1.53%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                  | Dell Equipment Finance Trust 2024-1                                             | CUSIP: 24702GAJ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $709370.11    | 0.96%             | 2030-03-22      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                      | Volkswagen Group of America Finance LLC                                         | CUSIP: 928668CA8<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    500000 | PA      | $508729.17    | 0.69%             | 2026-11-16      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| RBC BlueBay U.S. Government Money Market Fund | RBC BlueBay U.S. Government Money Market Fund                                   | CUSIP: 74926P696<br>LEI: 549300RFDC5U7WLJKO50 | Long             | STIV             | RF                | US        |   2049684 | NS      | $2049684.00   | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| CREDIT AGRICOLE SA                            | Credit Agricole SA                                                              | CUSIP: 22535WAK3<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    500000 | PA      | $514119.86    | 0.69%             | 2030-01-10      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                         | Truist Financial Corp                                                           | CUSIP: 89788MAQ5<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    500000 | PA      | $541630.92    | 0.73%             | 2029-10-30      | Fixed         | 7.16%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/F                | Ford Credit Auto Owner Trust 2021-REV2                                          | CUSIP: 345285AD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    845000 | PA      | $823653.92    | 1.11%             | 2034-05-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization T                | Tricolor Auto Securitization Trust 2024-3                                       | CUSIP: 89617AAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $218815.50    | 0.30%             | 2029-04-16      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                       | Carmax Auto Owner Trust 2022-4                                                  | CUSIP: 14318UAH4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    365000 | PA      | $381078.77    | 0.51%             | 2029-04-16      | Fixed         | 8.08%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                       | Carmax Auto Owner Trust 2021-4                                                  | CUSIP: 14317JAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $99041.78     | 0.13%             | 2027-07-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| BAKER HUGHES LLC/CO-OBL                       | Baker Hughes Holdings LLC / Baker Hughes Co-Obligor Inc                         | CUSIP: 05724BAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $97690.59     | 0.13%             | 2026-12-15      | Fixed         | 2.06%                 | No            |                  2 | On Loan: No      |
| ACM Auto Trust                                | ACM Auto Trust 2024-2                                                           | CUSIP: 00461WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    128052 | PA      | $127350.15    | 0.17%             | 2029-02-20      | Fixed         | 6.06%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables                 | Exeter Automobile Receivables Trust 2023-5                                      | CUSIP: 30168DAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $830540.47    | 1.12%             | 2030-02-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae REMICS                                                               | CUSIP: 31392BBU9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       950 | PA      | $960.38       | 0.00%             | 2031-10-25      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| AXIS Equipment Finance Receiva                | Amur Equipment Finance Receivables XI LLC                                       | CUSIP: 03236XAE7<br>LEI: 549300IFG1NMINYRYF89 | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $712035.43    | 0.96%             | 2029-05-21      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| EQUITABLE AMERICA GLOBAL                      | Equitable America Global Funding                                                | CUSIP: 29446Q2A0<br>LEI: 98450066CCBIACF06694 | Long             | DBT              | CORP              | US        |    565000 | PA      | $571509.29    | 0.77%             | 2028-06-09      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| GA GLOBAL FUNDING TRUST                       | GA Global Funding Trust                                                         | CUSIP: 36143L2G9<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |    300000 | PA      | $292601.36    | 0.39%             | 2027-01-06      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                | Morgan Stanley                                                                  | CUSIP: 61747YEZ4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    765000 | PA      | $766639.64    | 1.03%             | 2027-01-28      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| WESTERN DIGITAL CORP                          | Western Digital Corp                                                            | CUSIP: 958102AM7<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |     49000 | PA      | $48963.48     | 0.07%             | 2026-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                           | Freddie Mac STACR REMIC Trust 2022-DNA3                                         | CUSIP: 35564KUW7<br>LEI: 5493000IS4M3TZMRB410 | Long             | ABS-MBS          | CORP              | US        |     82002 | PA      | $82639.40     | 0.11%             | 2042-04-25      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization T                | Tricolor Auto Securitization Trust 2024-1                                       | CUSIP: 89616LAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    610000 | PA      | $380381.30    | 0.51%             | 2028-04-17      | Fixed         | 8.61%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                        | General Motors Financial Co Inc                                                 | CUSIP: 37045XDQ6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    265000 | PA      | $265130.82    | 0.36%             | 2027-02-26      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl                | Santander Drive Auto Receivables Trust 2023-4                                   | CUSIP: 802927AF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    475000 | PA      | $487946.08    | 0.66%             | 2031-12-15      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| MMP Capital                                   | MMP Capital 2025-A LLC                                                          | CUSIP: 55317QAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    312160 | PA      | $314133.30    | 0.42%             | 2031-12-15      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                    | LAD Auto Receivables Trust 2023-3                                               | CUSIP: 50168BAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    575000 | PA      | $586201.71    | 0.79%             | 2028-12-15      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                  | Dell Equipment Finance Trust 2024-2                                             | CUSIP: 24704EAL2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    225000 | PA      | $227534.62    | 0.31%             | 2031-02-24      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac REMICS                                                              | CUSIP: 3137A4LH8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        13 | PA      | $12.60        | 0.00%             | 2040-11-15      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                       | Hyundai Capital America                                                         | CUSIP: 44891ADU8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    545000 | PA      | $549941.30    | 0.74%             | 2027-06-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables                 | Exeter Automobile Receivables Trust 2023-1                                      | CUSIP: 30168BAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $762551.20    | 1.03%             | 2029-06-15      | Fixed         | 6.69%                 | No            |                  2 | On Loan: No      |
| HOMES Trust                                   | HOMES 2025-AFC2 Trust                                                           | CUSIP: 43761YAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    675228 | PA      | $680315.90    | 0.92%             | 2060-06-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                    | Verus Securitization Trust 2025-5                                               | CUSIP: 92540XAA9<br>LEI: 213800Z7TIVJRAYLRV98 | Long             | ABS-MBS          | CORP              | US        |    675318 | PA      | $680180.24    | 0.92%             | 2070-06-25      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP                      | Citizens Financial Group Inc                                                    | CUSIP: 174610BF1<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    620000 | PA      | $646208.03    | 0.87%             | 2030-01-23      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                      | OBX 2025-NQM10 Trust                                                            | CUSIP: 67121LAA4<br>LEI: 254900NDJVO62R77II89 | Long             | ABS-MBS          | CORP              | US        |    363384 | PA      | $366536.70    | 0.49%             | 2065-05-25      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| Switch ABS Issuer, LLC                        | Switch ABS Issuer LLC                                                           | CUSIP: 871044AG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    360000 | PA      | $364197.72    | 0.49%             | 2054-06-25      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                           | Freddie Mac STACR REMIC Trust 2023-DNA1                                         | CUSIP: 35564KP37<br>LEI: 5493000IRILHAKSCHN59 | Long             | ABS-MBS          | CORP              | US        |     68656 | PA      | $69499.20     | 0.09%             | 2043-03-25      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                       | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GC77<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    750000 | PA      | $758818.75    | 1.02%             | 2028-04-23      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                    | Affirm Asset Securitization Trust 2024-X2                                       | CUSIP: 00833QAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    175000 | PA      | $175495.16    | 0.24%             | 2029-12-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                          | Bank of America Corp                                                            | CUSIP: 06051GLE7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    750000 | PA      | $751408.95    | 1.01%             | 2027-01-20      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust                  | Upstart Securitization Trust                                                    | CUSIP: 91684NAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    335467 | PA      | $336453.23    | 0.45%             | 2034-11-20      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINE HOLDCO                      | Columbia Pipelines Holding Co LLC                                               | CUSIP: 19828AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $455859.93    | 0.62%             | 2026-08-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                | Carvana Auto Receivables Trust 2021-N3                                          | CUSIP: 14687GAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     73511 | PA      | $71095.66     | 0.10%             | 2028-06-12      | Fixed         | 1.58%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                         | Wells Fargo & Co                                                                | CUSIP: 95000U3R2<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    385000 | PA      | $388541.38    | 0.52%             | 2028-01-24      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                            | Energy Transfer LP                                                              | CUSIP: 29273VAZ3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    540000 | PA      | $555871.46    | 0.75%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                             | HSBC Holdings PLC                                                               | CUSIP: 404280EF2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    750000 | PA      | $765629.81    | 1.03%             | 2028-05-17      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                 | Citigroup Inc                                                                   | CUSIP: 172967MZ1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    350000 | PA      | $350435.47    | 0.47%             | 2027-06-09      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| COMERICA INC                                  | Comerica Inc                                                                    | CUSIP: 200340AW7<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |    170000 | PA      | $176865.90    | 0.24%             | 2030-01-30      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| AMEREN CORP                                   | Ameren Corp                                                                     | CUSIP: 023608AL6<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | DBT              | CORP              | US        |    275000 | PA      | $266676.07    | 0.36%             | 2027-03-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust                        | Marlette Funding Trust 2024-1                                                   | CUSIP: 57108VAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    594822 | PA      | $598559.03    | 0.81%             | 2034-07-17      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables                 | Exeter Automobile Receivables Trust 2023-5                                      | CUSIP: 30168DAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    475000 | PA      | $484197.22    | 0.65%             | 2029-01-16      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| SOLVENTUM CORP                                | Solventum Corp                                                                  | CUSIP: 83444MAN1<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |    128000 | PA      | $130073.25    | 0.18%             | 2027-02-25      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                        | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KCL2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    700000 | PA      | $707779.66    | 0.95%             | 2027-09-01      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                          | Cross 2023-H2 Mortgage Trust                                                    | CUSIP: 22757NAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    318999 | PA      | $324226.64    | 0.44%             | 2068-11-25      | Variable      | 7.13%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasin                | Gm Financial Automobile Leasing Trust 2025-2                                    | CUSIP: 362962AF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    425000 | PA      | $426223.20    | 0.58%             | 2029-04-20      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivable                | Westlake Automobile Receivables Trust 2025-1                                    | CUSIP: 96043VAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $750874.43    | 1.01%             | 2030-10-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                        | American Honda Finance Corp                                                     | CUSIP: 02665WFS5<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    600000 | PA      | $600175.91    | 0.81%             | 2027-10-22      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| HCA INC                                       | HCA Inc                                                                         | CUSIP: 404119CP2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    525000 | PA      | $537657.01    | 0.73%             | 2028-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| TSMC ARIZONA CORP                             | TSMC Arizona Corp                                                               | CUSIP: 872898AA9<br>LEI: 2549005GOBWLCSY63Q97 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195088.21    | 0.26%             | 2026-10-25      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                      | Lloyds Banking Group PLC                                                        | CUSIP: 53944YBC6<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    240000 | PA      | $244231.61    | 0.33%             | 2028-11-26      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.   | US 2YR NOTE (CBT)                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       101 | NC      | $12405.83     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                      | Lloyds Banking Group PLC                                                        | CUSIP: 539439BD0<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    600000 | PA      | $608286.99    | 0.82%             | 2029-06-13      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| Tesla Auto Lease Trust                        | Tesla Auto Lease Trust 2023-B                                                   | CUSIP: 88167QAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    475000 | PA      | $476211.60    | 0.64%             | 2027-08-20      | Fixed         | 6.57%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                      | Volkswagen Group of America Finance LLC                                         | CUSIP: 928668CK6<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    605000 | PA      | $607718.71    | 0.82%             | 2026-08-14      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                      | New York Life Global Funding                                                    | CUSIP: 64952WFJ7<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    700000 | PA      | $699733.67    | 0.94%             | 2027-10-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                         | Athene Global Funding                                                           | CUSIP: 04685A3D1<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    125000 | PA      | $122006.91    | 0.16%             | 2026-10-02      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                       | Hyundai Capital America                                                         | CUSIP: 44891ACX3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    400000 | PA      | $405514.89    | 0.55%             | 2027-03-19      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                  | Broadcom Inc                                                                    | CUSIP: 11135FAN1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    750000 | PA      | $746558.36    | 1.01%             | 2026-09-15      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY INC                        | CenterPoint Energy Inc                                                          | CUSIP: 15189TBA4<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |    250000 | PA      | $245361.61    | 0.33%             | 2026-06-01      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| SYSTEM ENERGY RESOURCES                       | System Energy Resources Inc                                                     | CUSIP: 871911AU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $312054.79    | 0.42%             | 2028-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                              | Connecticut Avenue Securities Trust 2024-R02                                    | CUSIP: 20754GAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $302305.13    | 0.41%             | 2044-02-25      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac REMICS                                                              | CUSIP: 31392KYV2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       701 | PA      | $709.43       | 0.00%             | 2032-03-15      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                      | Enterprise Products Operating LLC                                               | CUSIP: 29379VCC5<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    500000 | PA      | $500919.68    | 0.68%             | 2026-01-10      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                  | Broadcom Inc                                                                    | CUSIP: 11135FCE9<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    500000 | PA      | $509258.69    | 0.69%             | 2028-04-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                    | Verus Securitization Trust 2024-3                                               | CUSIP: 92540MAC9<br>LEI: 2138005NRONUFED1TZ38 | Long             | ABS-MBS          | CORP              | US        |    389666 | PA      | $394931.39    | 0.53%             | 2069-04-25      | Variable      | 6.84%                 | No            |                  2 | On Loan: No      |
| Exeter Select Automobile Recei                | Exeter Select Automobile Receivables Trust 2025-2                               | CUSIP: 30185EAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1006266.73   | 1.36%             | 2030-08-15      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                              | Bank of Montreal                                                                | CUSIP: 06368MJG0<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    175000 | PA      | $178351.91    | 0.24%             | 2029-01-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                        | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KDG2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    500000 | PA      | $509005.72    | 0.69%             | 2028-02-04      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                       | Carmax Auto Owner Trust 2024-3                                                  | CUSIP: 14319GAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    525000 | PA      | $533706.00    | 0.72%             | 2030-03-15      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| AXIS Equipment Finance Receiva                | Amur Equipment Finance Receivables XII LLC                                      | CUSIP: 03236YAE5<br>LEI: 5493000K1GV1VHEHGY40 | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $783424.69    | 1.06%             | 2030-07-22      | Fixed         | 7.48%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables                 | Exeter Automobile Receivables Trust 2023-2                                      | CUSIP: 30168CAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    550000 | PA      | $564675.39    | 0.76%             | 2029-08-15      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                           | American Express Co                                                             | CUSIP: 025816DL0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1001838.93   | 1.35%             | 2026-10-30      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| FELLS POINT FUNDING TR                        | Fells Point Funding Trust                                                       | CUSIP: 314382AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $245955.08    | 0.33%             | 2027-01-31      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Ally Auto Receivables Trust                   | ALLY AUTO RECEIVABLES TRUST 2023-A                                              | CUSIP: 02008NAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    685000 | PA      | $694049.38    | 0.94%             | 2034-01-17      | Fixed         | 6.08%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl                | Santander Drive Auto Receivables Trust 2023-4                                   | CUSIP: 802927AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    625000 | PA      | $632613.30    | 0.85%             | 2028-12-15      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitizat                | Hyundai Auto Lease Securitization Trust 2024-B                                  | CUSIP: 44934FAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $708706.12    | 0.96%             | 2028-08-15      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl                | Santander Drive Auto Receivables Trust 2022-2                                   | CUSIP: 80286MAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    674900 | PA      | $673518.78    | 0.91%             | 2029-07-16      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO GAS CAPITAL                       | Southern Co Gas Capital Corp                                                    | CUSIP: 8426EPAJ7<br>LEI: E8CD46SWUD2TSN8PA636 | Long             | DBT              | CORP              | US        |    320000 | PA      | $319656.29    | 0.43%             | 2028-09-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                     | Amgen Inc                                                                       | CUSIP: 031162DP2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    375000 | PA      | $383695.31    | 0.52%             | 2028-03-02      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| SBNA Auto Receivables Trust                   | SBNA Auto Receivables Trust 2025-SF1                                            | CUSIP: 78437XAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    260028 | PA      | $260423.00    | 0.35%             | 2031-03-17      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                      | OBX 2023-NQM6 Trust                                                             | CUSIP: 67117VAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250205 | PA      | $252225.69    | 0.34%             | 2063-07-25      | Variable      | 6.97%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                       | CarMax Auto Owner Trust 2022-1                                                  | CUSIP: 14317CAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      7605 | PA      | $7595.82      | 0.01%             | 2026-12-15      | Fixed         | 1.47%                 | No            |                  2 | On Loan: No      |
| CAMDEN PROPERTY TRUST                         | CAMDEN PROPERTY TRUST                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1049749.37   | 1.42%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                           | JPMorgan Chase & Co                                                             | CUSIP: 46647PDW3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1020020.23   | 1.38%             | 2027-10-22      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| Shackleton CLO LTD                            | Shackleton 2015-VII-R CLO Ltd                                                   | CUSIP: 81883AAY5<br>LEI: 549300NCJRO2LKFZ8G86 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $498950.00    | 0.67%             | 2031-07-15      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                        | Daimler Truck Finance North America LLC                                         | CUSIP: 233853AP5<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    500000 | PA      | $500884.71    | 0.68%             | 2026-01-16      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                      | OBX 2025-NQM11 Trust                                                            | CUSIP: 67449BAA1<br>LEI: 254900KNWDG7C03UTA13 | Long             | ABS-MBS          | CORP              | US        |    383603 | PA      | $386793.50    | 0.52%             | 2065-05-25      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD                      | Aptiv Swiss Holdings Ltd                                                        | CUSIP: 03837AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |    515000 | PA      | $519996.36    | 0.70%             | 2029-09-13      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                          | Verizon Master Trust                                                            | CUSIP: 92348KBK8<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |    215000 | PA      | $215181.29    | 0.29%             | 2029-01-22      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                | Pagaya AI Debt Grantor Trust 2024-8                                             | CUSIP: 69544QAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    348905 | PA      | $352033.13    | 0.47%             | 2032-01-15      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                            | Credit Agricole SA                                                              | CUSIP: 22535WAH0<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    540000 | PA      | $534314.00    | 0.72%             | 2027-01-26      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                           | JPMorgan Chase & Co                                                             | CUSIP: 46647PEA0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    175000 | PA      | $176985.62    | 0.24%             | 2028-01-23      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| GEORGIA-PACIFIC LLC                           | Georgia-Pacific LLC                                                             | CUSIP: 37331NAR2<br>LEI: L2EVHWFHVAQK72TMH265 | Long             | DBT              | CORP              | US        |    165000 | PA      | $166503.99    | 0.22%             | 2028-06-30      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                      | JP Morgan Mortgage Trust 2025-VIS1                                              | CUSIP: 46659BAC6<br>LEI: 529900CBDGTUOOQONB64 | Long             | ABS-MBS          | CORP              | US        |    475103 | PA      | $479774.49    | 0.65%             | 2055-08-25      | Variable      | 5.49%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                   | Oracle Corp                                                                     | CUSIP: 68389XBN4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    500000 | PA      | $491324.02    | 0.66%             | 2027-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ALIMENTATION COUCHE-                          | ALIMENTATION COUCHE-                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1049116.01   | 1.42%             | 2025-10-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-24

**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.