SCHEDULE OF PORTFOLIO INVESTMENTS
RBC International Equity Fund 

June 30, 2026 (Unaudited)
Shares   Value
Common Stocks — 99.1%  
Australia — 4.3%  
8,687 BHP Group Ltd. $362,013
8,450 Coles Group Ltd. 142,327
1,761 Commonwealth Bank of Australia 200,691
4,992 Goodman Group, REIT 107,709
5,756 National Australia Bank Ltd. 151,146
25,929 Paladin Energy Ltd.* 169,120
2,550 Rio Tinto Plc 241,242
    1,374,248
Belgium — 0.8%  
3,188 Anheuser-Busch InBev NV 263,424
     
China — 0.4%  
8,350 Baidu, Inc., Class A* 119,205
     
Denmark — 3.2%  
1,227 DSV A/S 291,969
9,168 Novo Nordisk A/S, Class B 440,311
2,018 Novonesis Novozymes, Class B 127,440
5,689 Vestas Wind Systems A/S 161,075
    1,020,795
Finland — 0.9%  
12,721 Nokia Oyj 169,650
10,002 Sampo Oyj, Class A 105,041
    274,691
France — 8.1%  
2,212 Accor SA 128,307
1,590 Air Liquide SA 314,863
6,522 Engie SA 205,277
985 EssilorLuxottica SA 184,955
700 L’Oreal SA 306,850
703 LVMH Moet Hennessy Louis Vuitton SE 388,801
796 Publicis Groupe SA 78,663
650 Safran SA 256,153
1,308 Schneider Electric SE 428,011
3,813 TotalEnergies SE 294,842
    2,586,722
Germany — 7.4%  
1,185 Allianz SE 560,917
567 Deutsche Boerse AG 154,649
3,166 Deutsche Telekom AG 86,319
488 Heidelberg Materials AG 93,096
1,356 Infineon Technologies AG 127,738
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SCHEDULE OF PORTFOLIO INVESTMENTS
RBC International Equity Fund  (cont.)

June 30, 2026 (Unaudited)
Shares   Value
904 Mercedes-Benz Group AG $45,470
94 Rheinmetall AG 106,952
1,321 SAP SE 203,630
1,635 Siemens AG 525,664
1,226 Siemens Energy AG 233,726
2,088 Symrise AG 209,447
    2,347,608
Hong Kong — 1.5%  
25,000 AIA Group Ltd. 228,881
33,000 Henderson Land Development Co. Ltd. 104,667
11,193 Prudential Plc 148,666
    482,214
Ireland — 3.5%  
19,400 Bank of Ireland Group Plc 386,506
1,126 Kerry Group Plc, Class A 103,289
2,338 Kingspan Group Plc 213,811
6,318 Ryanair Holdings Plc, ADR 409,090
    1,112,696
Italy — 3.4%  
35,347 Intesa Sanpaolo SpA 242,950
39,582 Terna - Rete Elettrica Nazionale 462,202
4,152 UniCredit SpA 372,097
    1,077,249
Japan — 21.1%  
1,600 Advantest Corp. 329,166
10,000 Asics Corp. 271,987
1,000 Fast Retailing Co. Ltd. 512,344
5,700 Fujikura Ltd. 225,959
4,000 Furukawa Electric Co. Ltd. 120,309
1,200 Ibiden Co. Ltd. 181,178
1,900 Inpex Corp. 38,339
600 Kioxia Holdings Corp.* 348,738
14,900 Marubeni Corp. 434,388
5,600 Mitsubishi Electric Corp. 205,377
15,300 Mitsubishi Heavy Industries Ltd. 347,657
36,600 Mitsubishi UFJ Financial Group, Inc. 729,179
27,700 Mitsui Fudosan Co. Ltd. 256,735
500 Mitsui Kinzoku Co. Ltd. 133,795
3,700 Mizuho Financial Group, Inc. 177,707
7,700 Murata Manufacturing Co. Ltd. 552,743
3,000 NEC Corp. 72,427
2,300 Nintendo Co. Ltd. 96,692
3,000 Obayashi Corp. 60,626
1,900 Recruit Holdings Co. Ltd. 132,200
19,500 Ryohin Keikaku Co. Ltd. 426,232
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SCHEDULE OF PORTFOLIO INVESTMENTS
RBC International Equity Fund  (cont.)

June 30, 2026 (Unaudited)
Shares   Value
3,100 SoftBank Group Corp. $114,989
3,600 Sumitomo Metal Mining Co. Ltd. 166,970
6,300 Tokio Marine Holdings, Inc. 277,004
800 Tokyo Electron Ltd. 387,883
7,500 Toyota Motor Corp. 125,644
    6,726,268
Korea — 1.2%  
341 SK Square Co. Ltd. 385,623
     
Netherlands — 6.9%  
172 ASM International NV 197,797
651 ASML Holding NV 1,289,094
2,433 Heineken NV 204,281
15,528 ING Groep NV 489,960
    2,181,132
Singapore — 2.5%  
16,000 DBS Group Holdings Ltd. 810,157
     
Spain — 5.2%  
1,891 Amadeus IT Group SA 110,626
19,603 Banco Bilbao Vizcaya Argentaria SA 493,541
35,020 Banco Santander SA 486,073
22,554 Iberdrola SA 561,359
    1,651,599
Sweden — 1.2%  
4,167 Assa Abloy AB, Class B 147,223
11,163 Atlas Copco AB, Class A 226,263
    373,486
Switzerland — 9.8%  
3,981 ABB Ltd. 433,050
1,062 Cie Financiere Richemont SA 245,140
1,700 Holcim AG 153,277
3,856 Nestle SA 395,491
4,766 Novartis AG 744,890
1,429 Roche Holding AG 587,442
774 Sika AG 159,611
8,431 UBS Group AG 417,850
    3,136,751
Taiwan — 4.3%  
18,029 ASE Technology Holding Co. Ltd. 402,345
12,128 Taiwan Semiconductor Manufacturing Co. Ltd. 956,782
    1,359,127
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SCHEDULE OF PORTFOLIO INVESTMENTS
RBC International Equity Fund  (cont.)

June 30, 2026 (Unaudited)
Shares   Value
United Kingdom — 12.6%  
4,463 Anglo American Plc $218,921
2,320 AstraZeneca Plc 433,155
30,314 Barclays Plc 203,134
5,828 British American Tobacco Plc 360,654
2,173 Coca-Cola Europacific Partners Plc 217,452
3,370 DCC Plc 278,920
8,054 Diageo Plc 162,208
33,923 HSBC Holdings Plc 641,460
1,202 InterContinental Hotels Group Plc 206,603
676 London Stock Exchange Group Plc 73,086
31,605 NatWest Group Plc 278,881
22,562 Rolls-Royce Holdings Plc 432,506
6,396 Shell Plc 248,517
4,453 Unilever Plc 267,481
    4,022,978
United States — 0.8%  
3,564 Sunbelt Rentals Holdings, Inc. 259,988
     
Total Common Stocks 31,565,961
(Cost $26,634,072)  
Investment Company — 2.5%  
811,128 RBC BlueBay U.S. Government Money Market Fund,
Institutional Class 1 (a)
811,128
Total Investment Company 811,128
(Cost $811,128)  
Total Investments $32,377,089
(Cost $27,445,200) — 101.6%  
Liabilities in excess of other assets — (1.6)% (513,364)
NET ASSETS — 100.0% $31,863,725

(a) Affiliated investment.
* Non-income producing security.
    
Abbreviations used are defined below:
ADR - American Depositary Receipt
REIT - Real Estate Investment Trust
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