SCHEDULE OF PORTFOLIO INVESTMENTS
RBC Small Cap Core Fund
December 31, 2023 (Unaudited)
Shares | Value | |
Common Stocks — 97.21% | ||
Communication Services — 2.23% | ||
6,184 | Nexstar Media Group, Inc. | $969,342 |
Consumer Discretionary — 15.12% | ||
1,141 | Deckers Outdoor Corp.* | 762,679 |
6,050 | Fox Factory Holding Corp.* | 408,254 |
16,283 | G-III Apparel Group Ltd.* | 553,296 |
4,760 | Group 1 Automotive, Inc. | 1,450,562 |
2,642 | LCI Industries | 332,126 |
3,792 | Malibu Boats, Inc., Class A* | 207,877 |
4,660 | Oxford Industries, Inc. | 466,000 |
8,374 | Patrick Industries, Inc. | 840,331 |
24,060 | Taylor Morrison Home Corp.* | 1,283,601 |
18,776 | Topgolf Callaway Brands Corp.* | 269,248 |
6,573,974 | ||
Consumer Staples — 2.32% | ||
3,560 | John B Sanfilippo & Son, Inc. | 366,822 |
6,490 | MGP Ingredients, Inc. | 639,395 |
1,006,217 | ||
Energy — 7.57% | ||
45,356 | Magnolia Oil & Gas Corp., Class A | 965,629 |
21,940 | Matador Resources Co. | 1,247,508 |
29,699 | Par Pacific Holdings, Inc.* | 1,080,153 |
3,293,290 | ||
Financials — 10.02% | ||
70,172 | Compass Diversified Holdings | 1,575,361 |
5,270 | Independent Bank Group, Inc. | 268,138 |
6,010 | Pinnacle Financial Partners, Inc. | 524,192 |
6,954 | Preferred Bank/Los Angeles, CA | 507,990 |
7,780 | Stellar Bancorp, Inc. | 216,595 |
5,990 | Stewart Information Services Corp. | 351,913 |
5,197 | TriCo Bancshares | 223,315 |
7,366 | United Community Banks, Inc. | 215,529 |
5,100 | Wintrust Financial Corp. | 473,025 |
4,356,058 | ||
Health Care — 8.47% | ||
19,751 | Apollo Medical Holdings, Inc.* | 756,463 |
11,234 | Globus Medical, Inc., Class A* | 598,660 |
13,976 | Lantheus Holdings, Inc.* | 866,512 |
1,763 | Masimo Corp.* | 206,641 |
88,590 | MiMedx Group, Inc.* | 776,934 |
1,361 | West Pharmaceutical Services, Inc. | 479,236 |
3,684,446 |
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SCHEDULE OF PORTFOLIO INVESTMENTS
RBC Small Cap Core Fund (cont.)
December 31, 2023 (Unaudited)
Shares | Value | |
Industrials — 27.33% | ||
147,815 | ACCO Brands Corp. | $898,715 |
9,850 | Arcosa, Inc. | 814,004 |
10,679 | Atkore, Inc.* | 1,708,640 |
11,230 | Barrett Business Services, Inc. | 1,300,434 |
18,806 | CBIZ, Inc.* | 1,177,068 |
24,781 | Columbus McKinnon Corp. | 966,955 |
27,313 | Ducommun, Inc.* | 1,421,915 |
15,555 | Greenbrier Cos., Inc. (The) | 687,220 |
57,260 | Hudson Technologies, Inc.* | 772,437 |
27,200 | Insteel Industries, Inc. | 1,041,488 |
10,030 | Terex Corp. | 576,324 |
15,950 | Thermon Group Holdings, Inc.* | 519,491 |
11,884,691 | ||
Information Technology — 14.34% | ||
4,123 | Ambarella, Inc.* | 252,699 |
16,540 | Cohu, Inc.* | 585,351 |
4,380 | InterDigital, Inc. | 475,405 |
6,344 | MKS Instruments, Inc. | 652,607 |
7,409 | Model N, Inc.* | 199,524 |
3,166 | Novanta, Inc.* | 533,186 |
5,491 | Onto Innovation, Inc.* | 839,574 |
18,749 | Sapiens International Corp. NV | 542,596 |
4,260 | Super Micro Computer, Inc.* | 1,210,948 |
13,290 | Tenable Holdings, Inc.* | 612,137 |
9,760 | Vishay Precision Group, Inc.* | 332,523 |
6,236,550 | ||
Materials — 4.65% | ||
37,896 | FutureFuel Corp. | 230,408 |
18,961 | Koppers Holdings, Inc. | 971,183 |
6,310 | Materion Corp. | 821,120 |
2,022,711 | ||
Real Estate — 4.25% | ||
22,250 | DiamondRock Hospitality Co., REIT | 208,928 |
4,110 | EastGroup Properties, Inc., REIT | 754,349 |
19,928 | STAG Industrial, Inc., REIT | 782,373 |
6,719 | UMH Properties, Inc., REIT | 102,935 |
1,848,585 | ||
Utilities — 0.91% | ||
7,520 | Unitil Corp. | 395,327 |
Total Common Stocks | 42,271,191 | |
(Cost $24,635,424) |
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SCHEDULE OF PORTFOLIO INVESTMENTS
RBC Small Cap Core Fund (cont.)
December 31, 2023 (Unaudited)
Shares | Value | |
Exchange Traded Funds — 1.82% | ||
168 | iShares Russell 2000 Index Fund | $33,719 |
8,490 | SPDR S&P Biotech ETF | 758,072 |
Total Exchange Traded Funds | 791,791 | |
(Cost $1,089,370) | ||
Investment Company — 1.16% | ||
506,223 | RBC BlueBay U.S. Goverment Money Market Fund, Institutional Class 1(a) | 506,223 |
Total Investment Company | 506,223 | |
(Cost $506,223) | ||
Total Investments | $43,569,205 | |
(Cost $26,231,017) — 100.19% | ||
Liabilities in excess of other assets — (0.19)% | (82,276) | |
NET ASSETS — 100.00% | $43,486,929 |
* | Non-income producing security. |
(a) | Affiliated investment. |
Abbreviations used are defined below: |
REIT - Real Estate Investment Trust |
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