SCHEDULE OF PORTFOLIO INVESTMENTS
RBC China Equity Fund
December 31, 2023 (Unaudited)
Shares | Value | |
Common Stocks — 98.17% | ||
China — 87.39% | ||
38,957 | Alibaba Group Holding Ltd. | $375,255 |
4,377 | Beijing Roborock Technology Co. Ltd., Class A | 174,540 |
68,896 | Beijing Urban Construction Investment & Development Co. Ltd., Class A | 47,071 |
2,500 | BYD Co. Ltd., Class H | 68,962 |
72,400 | China Construction Bank Corp., Class A | 66,478 |
11,300 | China CSSC Holdings Ltd., Class A | 46,912 |
21,577 | China Merchants Bank Co. Ltd., Class H | 75,056 |
6,500 | China Resources Beer Holdings Co. Ltd. | 28,522 |
21,197 | China Resources Land Ltd. | 76,055 |
12,396 | Chongqing Changan Automobile Co. Ltd., Class A | 29,420 |
17,900 | CITIC Securities Co. Ltd., Class A | 51,440 |
4,500 | Contemporary Amperex Technology Co. Ltd., Class A | 103,592 |
28,662 | CSPC Innovation Pharmaceutical Co. Ltd., Class A | 147,934 |
10,300 | ENN Energy Holdings Ltd. | 76,060 |
13,574 | Fuyao Glass Industry Group Co. Ltd., Series H(a) | 66,098 |
48,000 | Guangdong Investment Ltd. | 34,937 |
26,000 | Hang Zhou Great Star Industrial Co. Ltd., Class A | 82,546 |
12,860 | Hygeia Healthcare Holdings Co. Ltd.(a) | 58,215 |
14,954 | Innovent Biologics, Inc.*,(a) | 81,895 |
4,600 | Jiangsu Hengrui Pharmaceuticals Co. Ltd., Class A | 29,354 |
3,502 | Kanzhun Ltd., ADR | 58,168 |
6,351 | KE Holdings, Inc., ADR | 102,950 |
500 | Kweichow Moutai Co. Ltd., Class A | 121,711 |
8,600 | Longshine Technology Group Co. Ltd., Class A | 19,874 |
15,100 | Luxshare Precision Industry Co. Ltd., Class A | 73,325 |
8,090 | Meituan, Class B*,(a) | 84,935 |
900 | NARI Technology Co. Ltd., Class A | 2,832 |
9,100 | NetEase, Inc. | 164,178 |
35,451 | New Horizon Health Ltd.*,(a) | 105,129 |
1,673 | New Oriental Education & Technology Group, Inc.* | 12,196 |
800 | New Oriental Education & Technology Group, Inc., ADR* | 58,624 |
1,131 | PDD Holdings, Inc. , ADR* | 165,477 |
11,112 | Ping An Insurance Group Co. of China Ltd., Series H | 50,307 |
9,300 | Shandong Hualu Hengsheng Chemical Co. Ltd., Class A | 36,179 |
2,240 | Shenyang Xingqi Pharmaceutical Co. Ltd., Class A | 57,568 |
6,224 | Shenzhen Inovance Technology Co. Ltd., Class A | 55,439 |
5,933 | Shenzhou International Group Holdings Ltd. | 60,866 |
8,000 | Sinoseal Holding Co. Ltd., Class A | 42,628 |
14,650 | Sunresin New Materials Co. Ltd., Class A | 109,588 |
10,846 | Tencent Holdings Ltd. | 409,489 |
1,172 | Trip.com Group Ltd.* | 42,073 |
3,900 | Yifeng Pharmacy Chain Co. Ltd., Class A | 22,022 |
41,704 | Zijin Mining Group Co. Ltd., Class H | 67,984 |
3,643,884 |
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SCHEDULE OF PORTFOLIO INVESTMENTS
RBC China Equity Fund (cont.)
December 31, 2023 (Unaudited)
Shares | Value | |
Hong Kong — 4.36% | ||
11,856 | AIA Group Ltd. | $103,181 |
1,600 | Hong Kong Exchanges & Clearing Ltd. | 54,881 |
2,000 | Techtronic Industries Co. Ltd. | 23,830 |
181,892 | ||
Korea — 4.70% | ||
1,797 | SK Hynix, Inc. | 196,121 |
Macao — 0.81% | ||
6,000 | Galaxy Entertainment Group Ltd. | 33,605 |
Thailand — 0.91% | ||
200 | Fabrinet* | 38,066 |
Total Common Stocks | 4,093,568 | |
(Cost $4,245,991) | ||
Total Investments | $4,093,568 | |
(Cost $4,245,991) — 98.17% | ||
Other assets in excess of liabilities — 1.83% | 76,197 | |
NET ASSETS — 100.00% | $4,169,765 |
* | 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. |
Abbreviations used are defined below: |
ADR - American Depositary Receipt |
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SCHEDULE OF PORTFOLIO INVESTMENTS
RBC China Equity Fund (cont.)
December 31, 2023 (Unaudited)
Portfolio Diversification (Unaudited)
Industries | Percentage of Net Assets | |
Consumer Discretionary | 30.11% | |
Communication Services | 15.15% | |
Health Care | 11.51% | |
Financials | 9.62% | |
Information Technology | 7.85% | |
Industrials | 6.59% | |
Real Estate | 5.42% | |
Materials | 5.13% | |
Consumer Staples | 4.13% | |
Utilities | 2.66% | |
Other* | 1.83% | |
100.00% |
* | Includes cash, interest and dividend receivable, pending trades and Fund share transactions, and accrued expenses payable. |
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