0001752724-24-042133.txt : 20240227 0001752724-24-042133.hdr.sgml : 20240227 20240227113747 ACCESSION NUMBER: 0001752724-24-042133 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20231229 FILED AS OF DATE: 20240227 DATE AS OF CHANGE: 20240227 PERIOD START: 20240331 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RBC FUNDS TRUST CENTRAL INDEX KEY: 0001272950 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-21475 FILM NUMBER: 24683728 BUSINESS ADDRESS: STREET 1: 50 SOUTH SIXTH STREET STREET 2: SUITE 2350 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 612-313-1341 MAIL ADDRESS: STREET 1: 50 SOUTH SIXTH STREET STREET 2: SUITE 2350 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 FORMER COMPANY: FORMER CONFORMED NAME: TAMARACK FUNDS TRUST DATE OF NAME CHANGE: 20031212 0001272950 S000079192 RBC International Equity Fund C000240116 Class R6 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2 N N N Heineken NV 724500K5PTPSST86UQ23 Heineken NV 000000000 4947.00000000 NS 502612.59000000 2.200692652719 Long EC CORP NL N 2 N N N Nestle SA KY37LUS27QQX7BB93L28 Nestle SA 000000000 3494.00000000 NS 405024.07000000 1.773400652426 Long EC CORP CH N 2 N N N Santos Ltd 5299000RK70B5O2M7077 Santos Ltd 000000000 24382.00000000 NS 126774.33000000 0.555082268401 Long EC CORP AU N 2 N N N AstraZeneca PLC PY6ZZQWO2IZFZC3IOL08 AstraZeneca PLC 000000000 2577.00000000 NS 347611.30000000 1.522018447473 Long EC CORP GB N 2 N N N Chr Hansen Holding A/S 549300MKPW8ZF3E8MW37 Chr Hansen Holding A/S 000000000 466.00000000 NS 39082.13000000 0.171121372712 Long EC CORP DK N 2 N N N DNB Bank ASA 549300GKFG0RYRRQ1414 DNB Bank ASA 000000000 12998.00000000 NS 276353.71000000 1.210016603740 Long EC CORP NO N 2 N N N Daiichi Sankyo Co Ltd 353800XGIU2IHQGC9504 Daiichi Sankyo Co Ltd 000000000 6800.00000000 NS 186161.74000000 0.815110448060 Long EC CORP JP N 2 N N N Sampo Oyj 743700UF3RL386WIDA22 Sampo Oyj 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270778.12000000 1.185603844904 Long EC CORP IE N 2 N N N CRH PLC 549300MIDJNNTH068E74 CRH PLC 000000000 4207.00000000 NS 289522.69000000 1.267677072471 Long EC CORP IE N 2 N N N Ashtead Group PLC 2138007UTBN8X9K1A235 Ashtead Group PLC 000000000 6363.00000000 NS 442274.16000000 1.936500425506 Long EC CORP GB N 2 N N N Flutter Entertainment PLC 635400EG4YIJLJMZJ782 Flutter Entertainment PLC 000000000 589.00000000 NS 104548.38000000 0.457765794763 Long EC CORP IE N 2 N N N Keyence Corp 529900M7PQBS7A89DZ11 Keyence Corp 000000000 950.00000000 NS 417388.65000000 1.827539050272 Long EC CORP JP N 2 N N N Roche Holding AG 549300U41AUUVOAAOB37 Roche Holding AG 000000000 1971.00000000 NS 572957.02000000 2.508696219165 Long EC CORP CH N 2 N N N Rio Tinto PLC 213800YOEO5OQ72G2R82 Rio Tinto PLC 000000000 3167.00000000 NS 235564.99000000 1.031422915074 Long EC CORP GB N 2 N N N Coca-Cola Europacific Partners 549300LTH67W4GWMRF57 Coca-Cola Europacific Partners PLC 000000000 1500.00000000 NS USD 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AG 529900G3SW56SHYNPR95 Deutsche Boerse AG 000000000 698.00000000 NS 143742.50000000 0.629377516455 Long EC CORP DE N 2 N N N Ajinomoto Co Inc 353800UT0TLROREPIC92 Ajinomoto Co Inc 000000000 8200.00000000 NS 315649.40000000 1.382073050369 Long EC CORP JP N 2 N N N London Stock Exchange Group PL 213800QAUUUP6I445N30 London Stock Exchange Group PLC 000000000 5399.00000000 NS 638224.16000000 2.794468836724 Long EC CORP GB N 2 N N N ASML Holding NV 724500Y6DUVHQD6OXN27 ASML Holding NV 000000000 933.00000000 NS 704309.93000000 3.083825831319 Long EC CORP NL N 2 N N N Domino's Pizza Enterprises Ltd 54930034RFI409JZ3179 Domino's Pizza Enterprises Ltd 000000000 1925.00000000 NS 77275.97000000 0.338353361603 Long EC CORP AU N 2 N N N Macquarie Group Ltd ACMHD8HWFMFUIQQ8Y590 Macquarie Group Ltd 000000000 2361.00000000 NS 295554.23000000 1.294086211491 Long EC CORP AU N 2 N N N Experian PLC 635400RXXHHYT1JTSZ26 Experian PLC 000000000 5263.00000000 NS 214705.87000000 0.940091115912 Long EC CORP IE 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Nordic Semiconductor ASA 000000000 8399.00000000 NS 103903.85000000 0.454943715763 Long EC CORP NO N 2 N N N Diageo PLC 213800ZVIELEA55JMJ32 Diageo PLC 000000000 11435.00000000 NS 415035.36000000 1.817235153959 Long EC CORP GB N 2 N N N Sony Group Corp 529900R5WX9N2OI2N910 Sony Group Corp 000000000 3500.00000000 NS 331215.20000000 1.450228011815 Long EC CORP JP N 2 N N N ING Groep NV 549300NYKK9MWM7GGW15 ING Groep NV 000000000 31337.00000000 NS 469884.11000000 2.057390779858 Long EC CORP NL N 2 N N N LVMH Moet Hennessy Louis Vuitt IOG4E947OATN0KJYSD45 LVMH Moet Hennessy Louis Vuitton SE 000000000 849.00000000 NS 689844.03000000 3.020486789524 Long EC CORP FR N 2 N N N British American Tobacco PLC 213800FKA5MF17RJKT63 British American Tobacco PLC 000000000 5949.00000000 NS 174062.90000000 0.762135594615 Long EC CORP GB N 2 N N N 2024-02-27 RBC Funds Trust Kathy Hegna Kathy Hegna Treasurer and Chief Financial Officer - RBC Funds, and Director of Mutual Fund Services | RBC Global Asset Management (U.S.) Inc. XXXX NPORT-EX 2 RCTM410RBC123123.htm
SCHEDULE OF PORTFOLIO INVESTMENTS
RBC International Equity Fund 
December 31, 2023 (Unaudited)
Shares   Value
Common Stocks — 98.33%  
Australia — 8.61%  
13,219 BHP Group Ltd. $451,622
2,892 CSL Ltd. 563,793
1,925 Domino’s Pizza Enterprises Ltd. 77,276
589 Flutter Entertainment Plc* 104,548
2,361 Macquarie Group Ltd. 295,554
3,167 Rio Tinto Plc 235,565
24,382 Santos Ltd. 126,774
2,186 WiseTech Global Ltd. 112,043
    1,967,175
China — 1.48%  
79,800 Budweiser Brewing Co. APAC Ltd.(a) 149,601
5,000 Tencent Holdings Ltd. 188,775
    338,376
Denmark — 5.40%  
466 Chr Hansen Holding A/S 39,082
9,770 Novo Nordisk A/S, Class B 1,012,477
3,304 Novozymes A/S, Class B 181,632
    1,233,191
Finland — 2.08%  
10,863 Sampo Oyj, Class A 475,933
     
France — 9.77%  
3,112 EssilorLuxottica SA 624,886
849 LVMH Moet Hennessy Louis Vuitton SE 689,844
2,098 Schneider Electric SE 422,340
7,283 TotalEnergies SE 495,237
    2,232,307
Germany — 2.44%  
698 Deutsche Boerse AG 143,742
1,014 Linde Plc 412,496
    556,238
Hong Kong — 1.20%  
31,600 AIA Group Ltd. 275,011
     
Ireland — 4.07%  
20,123 Bank of Ireland Group Plc 182,686
4,207 CRH Plc 289,523
3,428 Ryanair Holdings Plc, ADR* 457,158
    929,367
Japan — 19.89%  
8,200 Ajinomoto Co., Inc. 315,649
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SCHEDULE OF PORTFOLIO INVESTMENTS
RBC International Equity Fund  (cont.)
December 31, 2023 (Unaudited)
Shares   Value
6,800 Daiichi Sankyo Co. Ltd. $186,162
7,700 Hitachi Ltd. 553,859
1,700 Hoya Corp. 211,717
32,900 Inpex Corp. 440,259
950 Keyence Corp. 417,389
32,100 Mitsubishi Corp. 511,329
89,800 Mitsubishi UFJ Financial Group, Inc. 770,676
3,600 Nintendo Co. Ltd. 187,322
3,500 Sony Group Corp. 331,215
24,800 Tokio Marine Holdings, Inc. 617,545
    4,543,122
Netherlands — 8.13%  
933 ASML Holding NV 704,310
4,947 Heineken NV 502,613
31,337 ING Groep NV 469,884
4,551 NN Group NV 179,859
    1,856,666
Norway — 2.54%  
6,842 Aker BP ASA 198,744
12,998 DNB Bank ASA 276,353
8,399 Nordic Semiconductor ASA* 103,904
    579,001
Spain — 0.95%  
3,021 Amadeus IT Group SA 216,973
     
Sweden — 3.65%  
11,384 Assa Abloy AB, Class B 328,078
13,830 Atlas Copco AB, Class A 238,306
22,297 Hexagon AB, Class B 267,816
    834,200
Switzerland — 7.61%  
3,494 Nestle SA 405,024
1,971 Roche Holding AG 572,957
613 Sika AG 199,885
18,008 UBS Group AG 559,357
    1,737,223
Taiwan — 2.52%  
30,000 Taiwan Semiconductor Manufacturing Co. Ltd. 575,147
     
United Kingdom — 17.99%  
6,363 Ashtead Group Plc 442,274
2,577 AstraZeneca Plc 347,611
47,553 Barratt Developments Plc 340,647
29,283 BP Plc 173,592
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SCHEDULE OF PORTFOLIO INVESTMENTS
RBC International Equity Fund  (cont.)
December 31, 2023 (Unaudited)
Shares   Value
5,949 British American Tobacco Plc $174,063
1,500 Coca-Cola Europacific Partners Plc 100,110
3,680 DCC Plc 270,778
11,435 Diageo Plc 415,035
5,263 Experian Plc 214,706
2,763 Fevertree Drinks Plc 36,941
5,399 London Stock Exchange Group Plc 638,224
9,831 RELX Plc 389,519
28,701 Schroders Plc 156,930
8,414 Unilever Plc 407,330
    4,107,760
Total Common Stocks 22,457,690
(Cost $19,767,833)  
Investment Company — 1.59%  
363,874 RBC BlueBay U.S. Goverment Money Market Fund,
Institutional Class 1 (b) 		363,874
Total Investment Company 363,874
(Cost $363,874)  
Total Investments $22,821,564
(Cost $20,131,707) — 99.92%  
Other assets in excess of liabilities — 0.08% 17,259
NET ASSETS — 100.00% $22,838,823
* 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.
    
Abbreviations used are defined below:
ADR - American Depositary Receipt
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SCHEDULE OF PORTFOLIO INVESTMENTS
RBC International Equity Fund  (cont.)
December 31, 2023 (Unaudited)
Portfolio Diversification (Unaudited)
Industries   Percentage
of Net Assets
Financials   22.06%
Industrials   16.77%
Health Care   15.41%
Consumer Staples   10.96%
Information Technology   9.55%
Materials   7.94%
Consumer Discretionary   7.71%
Energy   6.28%
Communication Services   1.65%
Other*   1.67%
    100.00%
   
* Includes cash, Investment Company, interest and dividend receivable, pending trades and Fund share transactions, and accrued expenses payable.
4