SCHEDULE OF PORTFOLIO INVESTMENTS
RBC International Small Cap Equity Fund
December 31, 2023 (Unaudited)
Shares | Value | |
Common Stocks — 99.33% | ||
Australia — 6.46% | ||
1,721 | Altium Ltd. | $54,861 |
1,080 | Domino’s Pizza Enterprises Ltd. | 43,355 |
5,686 | IDP Education Ltd. | 77,564 |
859 | Pro Medicus Ltd. | 56,053 |
29,919 | Steadfast Group Ltd. | 118,836 |
350,669 | ||
Belgium — 3.21% | ||
3,038 | Azelis Group NV | 74,588 |
11 | Lotus Bakeries NV | 99,977 |
174,565 | ||
Denmark — 2.95% | ||
1,112 | Chr Hansen Holding A/S | 93,260 |
1,401 | Topdanmark AS | 66,901 |
160,161 | ||
France — 5.37% | ||
938 | Gaztransport Et Technigaz SA | 124,253 |
542 | Remy Cointreau SA | 69,135 |
1,915 | Technip Energies NV | 44,700 |
1,389 | Verallia SA(a) | 53,514 |
291,602 | ||
Germany — 5.25% | ||
1,140 | CTS Eventim AG & Co. KGaA | 78,848 |
117 | Rational AG | 90,284 |
1,701 | Stabilus SE | 115,838 |
284,970 | ||
India — 8.14% | ||
30,289 | Aditya Birla Capital Ltd.* | 60,534 |
1,758 | AIA Engineering Ltd. | 77,919 |
4,692 | KPIT Technologies Ltd. | 85,263 |
2,572 | Phoenix Mills Ltd. (The) | 69,333 |
7,791 | Sona Blw Precision Forgings Ltd.(a) | 60,298 |
5,966 | Varun Beverages Ltd. | 88,627 |
441,974 | ||
Indonesia — 2.20% | ||
395,800 | Mayora Indah Tbk PT | 64,025 |
861,500 | Sarana Menara Nusantara Tbk PT | 55,328 |
119,353 | ||
Ireland — 0.95% | ||
2,435 | Keywords Studios Plc | 51,579 |
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SCHEDULE OF PORTFOLIO INVESTMENTS
RBC International Small Cap Equity Fund (cont.)
December 31, 2023 (Unaudited)
Shares | Value | |
Japan — 18.92% | ||
4,100 | ABC-Mart, Inc. | $71,556 |
3,200 | Asics Corp. | 99,892 |
2,000 | Ibiden Co. Ltd. | 110,332 |
7,500 | Isetan Mitsukoshi Holdings Ltd. | 81,436 |
2,300 | Kobe Bussan Co. Ltd. | 67,944 |
4,900 | Kotobuki Spirits Co. Ltd. | 74,898 |
2,900 | M&A Research Institute Holdings, Inc.* | 91,708 |
1,900 | Organo Corp. | 78,395 |
4,500 | Rakus Co. Ltd. | 83,048 |
2,100 | Sanrio Co. Ltd. | 87,396 |
400 | SHIFT, Inc.* | 101,314 |
3,500 | Yamazaki Baking Co. Ltd. | 79,943 |
1,027,862 | ||
New Zealand — 1.89% | ||
3,228 | Fisher & Paykel Healthcare Corp. Ltd. | 48,141 |
8,628 | Infratil Ltd. | 54,690 |
102,831 | ||
Norway — 8.23% | ||
4,370 | Aker BP ASA | 126,938 |
4,017 | Nordic Semiconductor ASA* | 49,694 |
12,548 | SpareBank 1 SMN | 175,105 |
9,499 | Veidekke ASA | 95,527 |
447,264 | ||
Philippines — 1.98% | ||
24,130 | International Container Terminal Services, Inc. | 107,555 |
Spain — 1.97% | ||
1,606 | Laboratorios Farmaceuticos Rovi SA | 106,905 |
Sweden — 8.82% | ||
11,141 | Alimak Group AB(a) | 90,919 |
10,136 | Hexpol AB | 122,805 |
895 | MIPS AB | 32,398 |
2,401 | Sdiptech AB, Class B* | 64,398 |
6,917 | Sweco AB, Class B | 92,832 |
2,785 | Thule Group AB(a) | 75,940 |
479,292 | ||
Taiwan — 5.79% | ||
500 | ASPEED Technology, Inc. | 50,650 |
13,240 | Chailease Holding Co. Ltd. | 83,197 |
2,000 | Lotes Co. Ltd. | 69,547 |
2,000 | Voltronic Power Technology Corp. | 111,226 |
314,620 |
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SCHEDULE OF PORTFOLIO INVESTMENTS
RBC International Small Cap Equity Fund (cont.)
December 31, 2023 (Unaudited)
Shares | Value | |
Thailand — 1.40% | ||
400 | Fabrinet* | $76,132 |
United Kingdom — 14.08% | ||
5,140 | Auto Trader Group Plc(a) | 47,219 |
19,527 | Barratt Developments Plc | 139,882 |
2,449 | Cranswick Plc | 118,634 |
3,371 | Fevertree Drinks Plc | 45,070 |
14,273 | GB Group Plc | 49,816 |
11,314 | Howden Joinery Group Plc | 117,131 |
14,414 | OSB Group Plc | 85,117 |
7,801 | Rightmove Plc | 57,345 |
2,318 | Softcat Plc | 40,178 |
11,661 | Volution Group Plc | 64,352 |
764,744 | ||
Vietnam — 1.72% | ||
23,600 | FPT Corp. | 93,403 |
Total Common Stocks | 5,395,481 | |
(Cost $4,884,354) | ||
Investment Company — 1.47% | ||
79,906 | RBC BlueBay U.S. Goverment Money Market Fund, Institutional Class 1 (b) | 79,906 |
Total Investment Company | 79,906 | |
(Cost $79,906) | ||
Total Investments | $5,475,387 | |
(Cost $4,964,260) — 100.80% | ||
Liabilities in excess of other assets — (0.80)% | (43,571) | |
NET ASSETS — 100.00% | $5,431,816 |
* | 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) | Affiliated investment. |
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SCHEDULE OF PORTFOLIO INVESTMENTS
RBC International Small Cap Equity Fund (cont.)
December 31, 2023 (Unaudited)
Portfolio Diversification (Unaudited)
Industries | Percentage of Net Assets | |
Industrials | 22.75% | |
Information Technology | 16.85% | |
Consumer Discretionary | 14.18% | |
Consumer Staples | 13.03% | |
Financials | 12.54% | |
Energy | 5.45% | |
Materials | 4.97% | |
Communication Services | 4.40% | |
Health Care | 3.88% | |
Real Estate | 1.28% | |
Other* | 0.67% | |
100.00% |
* | Includes cash, Investment Company, interest and dividend receivable, pending trades and Fund share transactions, and accrued expenses payable. |
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