SCHEDULE OF PORTFOLIO INVESTMENTS
RBC International Opportunities Fund
December 31, 2023 (Unaudited)
Shares | Value | |
Common Stocks — 98.43% | ||
Australia — 5.36% | ||
35,035 | Rio Tinto Plc | $2,605,942 |
116,779 | Woodside Energy Group Ltd. | 2,465,978 |
5,071,920 | ||
Austria — 2.07% | ||
48,443 | Erste Group Bank AG | 1,962,181 |
Belgium — 3.80% | ||
55,656 | Anheuser-Busch InBev NV | 3,592,489 |
China — 2.10% | ||
183,146 | Wanhua Chemical Group Co. Ltd., Class A | 1,985,152 |
Denmark — 4.39% | ||
40,082 | Novo Nordisk A/S, Class B | 4,153,745 |
France — 3.18% | ||
17,101 | Safran SA | 3,015,084 |
Germany — 5.29% | ||
83,727 | Deutsche Post AG | 4,144,158 |
12,465 | Mercedes-Benz Group AG | 860,058 |
5,004,216 | ||
Hong Kong — 5.16% | ||
561,000 | AIA Group Ltd. | 4,882,316 |
India — 4.54% | ||
64,066 | HDFC Bank Ltd., ADR | 4,299,469 |
Indonesia — 2.58% | ||
6,582,300 | Bank Rakyat Indonesia Persero Tbk PT | 2,446,430 |
Ireland — 2.16% | ||
23,501 | Kerry Group Plc, Class A | 2,039,872 |
20 | Kerry Group Plc, Class A | 1,750 |
2,041,622 | ||
Japan — 11.57% | ||
281,600 | Astellas Pharma, Inc. | 3,349,145 |
62,000 | MISUMI Group, Inc. | 1,046,793 |
77,000 | Oriental Land Co. Ltd | 2,861,959 |
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SCHEDULE OF PORTFOLIO INVESTMENTS
RBC International Opportunities Fund (cont.)
December 31, 2023 (Unaudited)
Shares | Value | |
44,100 | Recruit Holdings Co. Ltd. | $1,843,871 |
19,500 | Sony Group Corp. | 1,845,342 |
10,947,110 | ||
Luxembourg — 1.80% | ||
26,091 | Eurofins Scientific SE | 1,701,979 |
Netherlands — 2.28% | ||
15,144 | Wolters Kluwer NV | 2,154,529 |
Norway — 3.69% | ||
110,092 | Equinor ASA | 3,489,032 |
Singapore — 4.49% | ||
167,890 | DBS Group Holdings Ltd. | 4,245,742 |
South Africa — 3.29% | ||
18,189 | Naspers Ltd., Class N | 3,113,412 |
Sweden — 2.37% | ||
90,648 | Essity AB, Class B | 2,246,455 |
Switzerland — 2.70% | ||
1,766 | Partners Group Holding AG | 2,553,550 |
Taiwan — 11.27% | ||
4,718,134 | E.Sun Financial Holding Co. Ltd. | 3,963,827 |
64,418 | Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 6,699,472 |
10,663,299 | ||
Thailand — 2.32% | ||
2,550,200 | Minor International Public Co. Ltd. | 2,200,883 |
United Kingdom — 11.56% | ||
37,506 | Croda International Plc | 2,412,534 |
468,941 | Haleon Plc | 1,919,972 |
50,721 | InterContinental Hotels Group Plc | 4,573,812 |
636,524 | Legal & General Group Plc | 2,034,134 |
10,940,452 | ||
Zambia — 0.46% | ||
53,293 | First Quantum Minerals Ltd. | 436,383 |
Total Common Stocks | 93,147,450 | |
(Cost $91,234,441) |
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SCHEDULE OF PORTFOLIO INVESTMENTS
RBC International Opportunities Fund (cont.)
December 31, 2023 (Unaudited)
Shares | Value | |
Investment Company — 0.24% | ||
226,661 | RBC BlueBay U.S. Goverment Money Market Fund, Institutional Class 1 (a) | $226,661 |
Total Investment Company | 226,661 | |
(Cost $226,661) | ||
Total Investments | $93,374,111 | |
(Cost $91,461,102) — 98.67% | ||
Other assets in excess of liabilities — 1.33% | 1,255,800 | |
NET ASSETS — 100.00% | $94,629,911 |
(a) | Affiliated investment. |
Abbreviations used are defined below: |
ADR - American Depositary Receipt |
Portfolio Diversification (Unaudited)
Industries | Percentage of Net Assets | |
Financials | 27.88% | |
Consumer Discretionary | 16.32% | |
Industrials | 12.90% | |
Consumer Staples | 10.36% | |
Health Care | 9.73% | |
Materials | 7.86% | |
Information Technology | 7.08% | |
Energy | 6.30% | |
Other* | 1.57% | |
100.00% |
* | Includes cash, Investment Company, interest and dividend receivable, pending trades and Fund share transactions, and accrued expenses payable. |
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