SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Enterprise Fund 

June 30, 2025 (Unaudited)

Shares		Value
Common Stocks — 92.1%
Consumer Discretionary — 9.4%
33,360	Beazer Homes USA, Inc.*	$746,263
20,370	First Watch Restaurant Group, Inc.*	326,735
21,030	Genesco, Inc.*	414,081
28,500	G-III Apparel Group Ltd.*	638,400
2,810	Group 1 Automotive, Inc.	1,227,155
25,780	Legacy Housing Corp.*	584,175
6,400	Oxford Industries, Inc.	257,600
10,734	Patrick Industries, Inc.	990,426
11,600	Steven Madden Ltd.	278,168
		5,463,003
Consumer Staples — 0.5%
4,380	John B Sanfilippo & Son, Inc.	276,991
Energy — 2.3%
8,060	Cactus, Inc., Class A	352,383
16,500	Magnolia Oil & Gas Corp., Class A	370,920
6,200	Matador Resources Co.	295,864
35,030	Select Water Solutions, Inc.	302,659
		1,321,826
Financials — 21.6%
5,370	AMERISAFE, Inc.	234,830
45,820	Banc of California, Inc.	643,771
24,278	Compass Diversified Holdings	152,466
34,472	Eastern Bankshares, Inc.	526,388
19,650	Esquire Financial Holdings, Inc.	1,860,069
14,970	First Bancorp/Southern Pines, NC	660,027
21,100	German American Bancorp, Inc.	812,561
21,126	Mercantile Bank Corp.	980,458
15,440	Northrim BanCorp, Inc.	1,439,934
39,640	P10, Inc., Class A	405,121
8,440	Preferred Bank/Los Angeles, CA	730,440
17,440	QCR Holdings, Inc.	1,184,176
17,170	Southern First Bancshares, Inc.*	652,975
11,990	Stewart Information Services Corp.	780,549
18,830	Stock Yards Bancorp, Inc.	1,487,193
		12,550,958
Health Care — 14.1%
5,390	Addus HomeCare Corp.*	620,874
106,690	Alphatec Holdings, Inc.*	1,184,259
13,750	Amphastar Pharmaceuticals, Inc.*	315,700
41,930	Astrana Health, Inc.*	1,043,218
20,270	Lantheus Holdings, Inc.*	1,659,302
175,840	MiMedx Group, Inc.*	1,074,383
21,620	Pennant Group, Inc. (The)*	645,357

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SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Enterprise Fund  (cont.)

June 30, 2025 (Unaudited)

Shares		Value
19,540	Surmodics, Inc.*	$580,533
4,310	UFP Technologies, Inc.*	1,052,330
		8,175,956
Industrials — 24.7%
20,575	Allient Inc.	747,078
29,160	Asure Software, Inc.*	284,602
32,970	Barrett Business Services, Inc.	1,374,519
31,910	Bowman Consulting Group Ltd.*	917,412
88,070	BrightView Holdings, Inc.*	1,466,365
23,500	Byrna Technologies, Inc.*	725,680
10,648	Casella Waste Systems, Inc., Class A*	1,228,566
11,550	CBIZ, Inc.*	828,251
12,170	Douglas Dynamics, Inc.	358,650
27,036	Ducommun, Inc.*	2,233,985
19,530	Enerpac Tool Group Corp.	792,137
14,416	Greenbrier Cos., Inc. (The)	663,857
11,883	Insteel Industries, Inc.	442,166
1,630	MYR Group, Inc.*	295,764
3,860	Standex International Corp.	604,013
47,910	Thermon Group Holdings, Inc.*	1,345,313
		14,308,358
Information Technology — 11.9%
42,280	Cohu, Inc.*	813,467
20,350	Crane NXT Co.	1,096,865
28,130	Napco Security Technologies, Inc.	835,180
8,373	Novanta, Inc.*	1,079,531
9,310	Onto Innovation, Inc.*	939,658
8,432	PC Connection, Inc.	554,657
37,200	Penguin Solutions, Inc.*	736,932
29,216	Sapiens International Corp. NV	854,568
		6,910,858
Materials — 3.7%
11,467	Koppers Holdings, Inc.	368,664
7,470	Materion Corp.	592,894
31,270	Metallus, Inc.*	481,871
17,930	Olympic Steel, Inc.	584,338
42,400	United States Antimony Corp.*	92,432
		2,120,199
Real Estate — 2.8%
79,300	Chatham Lodging Trust, REIT	552,721
18,680	Community Healthcare Trust, Inc., REIT	310,648
83,610	Summit Hotel Properties, Inc., REIT	425,575
19,650	UMH Properties, Inc., REIT	329,924
		1,618,868

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SCHEDULE OF PORTFOLIO INVESTMENTS

RBC Enterprise Fund  (cont.)

June 30, 2025 (Unaudited)

Shares		Value
Utilities — 1.1%
12,410	Unitil Corp.	$647,182
Total Common Stocks		53,394,199
(Cost $38,893,256)
Exchange Traded Funds — 5.7%
3,040	iShares Biotechnology ETF	384,590
12,660	iShares Russell Microcap Index Fund	1,616,176
15,440	SPDR S&P Biotech ETF	1,280,439
Total Exchange Traded Funds		3,281,205
(Cost $2,964,291)
Investment Company — 2.4%
1,386,492	RBC BlueBay U.S. Government Money Market Fund, Institutional Class 1(a)	1,386,492
Total Investment Company		1,386,492
(Cost $1,386,492)
Total Investments		$58,061,896
(Cost $43,244,039) — 100.2%
Liabilities in excess of other assets — (0.2)%		(108,326)
NET ASSETS — 100.0%		$57,953,570

*	Non-income producing security.
(a)	Affiliated investment.

Abbreviations used are defined below:

REIT - Real Estate Investment Trust

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