RBC Microcap Value Fund

ALL HOLDINGS

Holdings (As of 12/31/2014) Holding % of Market Value
JPMPRIME MMKT 2.07%
P.A.M. TRANSPORTATION SVCS 1.58%
ALLIED MOTION TECHNOLOGIES 1.25%
FEDERATED NATIONAL HOLDING C 0.96%
METHODE ELECTRONICS INC 0.94%
LYDALL INC 0.87%
REX AMERICAN RESOURCES CORP 0.81%
STRATTEC SECURITY CORP 0.79%
SUPERIOR UNIFORM GROUP INC 0.73%
PC CONNECTION INC 0.72%
CORE-MARK HOLDING CO INC 0.72%
REIS INC 0.68%
PHARMERICA CORP 0.67%
FIRST DEFIANCE FINL CORP 0.65%
CHESAPEAKE UTILITIES CORP 0.65%
MUTUALFIRST FINANCIAL INC 0.64%
ALERE INC 0.64%
INGLES MARKETS INC-CLASS A 0.62%
UNIFI INC 0.62%
EPLUS INC 0.62%
CARRIAGE SERVICES INC 0.62%
NATL WESTERN LIFE INS-CL A 0.61%
FIRST MERCHANTS CORP 0.61%
JOURNAL COMMUNICATIONS INC-A 0.61%
CSS INDUSTRIES INC 0.61%
PATRICK INDUSTRIES INC 0.61%
INTEGRATED SILICON SOLUTION 0.59%
INSIGHT ENTERPRISES INC 0.56%
ACETO CORP 0.56%
MARCUS CORPORATION 0.55%
CONMED CORP 0.55%
ALAMO GROUP INC 0.55%
STANDARD MOTOR PRODS 0.54%
UNITIL CORP 0.53%
CELADON GROUP INC 0.53%
MICROFINANCIAL INC 0.53%
EMC INS GROUP INC 0.52%
G & K SERVICES INC -CL A 0.52%
KANSAS CITY LIFE INS CO 0.52%
SPARTANNASH CO 0.50%
WILLIS LEASE FINANCE CORP 0.50%
AMERIS BANCORP 0.50%
GREENBRIER COMPANIES INC 0.49%
FEDERAL AGRIC MTG CORP-CL C 0.49%
STANDEX INTERNATIONAL CORP 0.49%
SCHULMAN (A.) INC 0.49%
CONSUMER PORTFOLIO SERVICES 0.49%
TESSCO TECHNOLOGIES INC 0.48%
OMEGA PROTEIN CORP 0.48%
STERLING BANCORP/DE 0.47%
NAVIGATORS GROUP INC 0.47%
MILLER INDUSTRIES INC/TENN 0.47%
FLEXSTEEL INDS 0.47%
SUPERIOR INDUSTRIES INTL 0.47%
DUCOMMUN INC 0.45%
SAGA COMMUNICATIONS INC-CL A 0.44%
CONNECTICUT WATER SVC INC 0.44%
MERITOR INC 0.44%
ANGIODYNAMICS INC 0.43%
STARRETT (L.S.) CO -CL A 0.43%
RUSH ENTERPRISES INC-CL A 0.43%
MARTEN TRANSPORT LTD 0.43%
PEOPLES BANCORP INC 0.43%
XO GROUP INC 0.42%
NEWPORT CORP 0.42%
JOHNSON OUTDOORS INC-A 0.42%
INDEPENDENCE HOLDING CO 0.42%
AMERICA'S CAR-MART INC 0.41%
MARLIN BUSINESS SERVICES INC 0.41%
UNIVERSAL FOREST PRODUCTS 0.41%
CRYOLIFE INC 0.41%
CTS CORP 0.40%
SHILOH INDUSTRIES INC 0.40%
UNICO AMERICAN CORP 0.40%
DYNEX CAPITAL INC 0.40%
NN INC 0.40%
PENFORD CORP 0.39%
MFC INDUSTRIAL LTD 0.39%
INFINITY PROPERTY & CASUALTY 0.39%
SJW CORP 0.39%
INNOSPEC INC 0.39%
NICHOLAS FINANCIAL INC 0.39%
HELEN OF TROY LTD 0.38%
PERCEPTRON INC 0.38%
AMERICAN STATES WATER CO 0.38%
SAFETY INSURANCE GROUP INC 0.38%
SOUTHWEST BANCORP INC/OKLA 0.38%
DONEGAL GROUP INC-CL A 0.37%
MARINEMAX INC 0.37%
NATURAL GAS SERVICES GROUP 0.37%
FRED'S INC-CLASS A 0.37%
DYCOM INDUSTRIES INC 0.37%
MIDDLESEX WATER CO 0.37%
ENNIS INC 0.36%
BANCORP INC/THE 0.35%
AEGEAN MARINE PETROLEUM NETW 0.35%
GIBRALTAR INDUSTRIES INC 0.35%
MOVADO GROUP INC 0.35%
BUILD-A-BEAR WORKSHOP INC 0.34%
ASTA FUNDING INC 0.34%
SPARTON CORP 0.34%
PHI INC-VOTING 0.34%
MEADOWBROOK INSURANCE GROUP 0.33%
ENCORE WIRE CORP 0.33%
VIAD CORP 0.33%
INVESTORS TITLE CO 0.33%
TRIPLE-S MANAGEMENT CORP-B 0.33%
ALBANY MOLECULAR RESEARCH 0.33%
SIMMONS FIRST NATL CORP-CL A 0.33%
TREDEGAR CORP 0.33%
OFG BANCORP 0.32%
WINTHROP REALTY TRUST 0.32%
EMPIRE DISTRICT ELECTRIC CO 0.32%
PREMIERE GLOBAL SERVICES INC 0.32%
ONE LIBERTY PROPERTIES INC 0.32%
LIFETIME BRANDS INC 0.32%
CITIZENS INC 0.32%
CALIFORNIA FIRST NATL BANCOR 0.31%
QUAKER CHEMICAL CORP 0.31%
ESPEY MFG & ELECTRONICS CORP 0.31%
NORTHWEST PIPE CO 0.31%
UNITED COMMUNITY FINANCIAL 0.31%
CAI INTERNATIONAL INC 0.31%
CENTRAL GARDEN & PET CO 0.30%
BANC OF CALIFORNIA INC 0.30%
ROCKY BRANDS INC 0.30%
HOOKER FURNITURE CORP 0.30%
HF FINANCIAL CORP 0.30%
VOLT INFO SCIENCES INC 0.30%
STAGE STORES INC 0.30%
SOUTH STATE CORP 0.30%
MATERION CORP 0.30%
WILLDAN GROUP INC 0.30%
AGREE REALTY CORP 0.29%
LAKELAND INDUSTRIES INC 0.29%
BALDWIN & LYONS INC -CL B 0.29%
SL INDS INC 0.29%
SPOK HOLDINGS INC 0.29%
HANGER INC 0.29%
PHI INC-NON VOTING 0.29%
OMNOVA SOLUTIONS INC 0.29%
ELECTRO RENT CORP 0.28%
NAUTILUS INC 0.28%
CBIZ INC 0.28%
MESTEK INC 0.28%
PIPER JAFFRAY COS 0.28%
PERRY ELLIS INTERNATIONAL 0.28%
KADANT INC 0.28%
STEIN MART INC 0.28%
LA-Z-BOY INC 0.27%
RUBY TUESDAY INC 0.27%
FEDERAL SIGNAL CORP 0.27%
MANNING & NAPIER INC 0.27%
NEENAH PAPER INC 0.27%
GENCORP INC 0.27%
ENTERCOM COMMUNICATIONS-CL A 0.27%
RICHARDSON ELEC LTD 0.26%
UNIVERSAL STAINLESS & ALLOY 0.26%
SIGMATRON INTERNATIONAL INC 0.26%
VOXX INTERNATIONAL CORP 0.26%
VISHAY PRECISION GROUP 0.26%
OIL-DRI CORP OF AMERICA 0.26%
ARBOR REALTY TRUST INC 0.26%
USA TRUCK INC 0.26%
CAMBREX CORP 0.26%
STEWART INFORMATION SERVICES 0.26%
ANDERSONS INC/THE 0.25%
GRIFFON CORP 0.25%
WALKER & DUNLOP INC 0.25%
ORION MARINE GROUP INC 0.25%
TRAVELCENTERS OF AMERICA LLC 0.25%
SYSTEMAX INC 0.25%
MYERS INDUSTRIES INC 0.25%
SUPREME INDS INC-CLASS A 0.25%
BROWN SHOE COMPANY INC 0.25%
MEDIA GENERAL INC 0.25%
W&T OFFSHORE INC 0.25%
COMPX INTERNATIONAL INC 0.25%
BANCO LATINOAMERICANO COME-E 0.24%
HAVERTY FURNITURE 0.24%
CDI CORP 0.24%
BLUCORA INC 0.23%
M/I HOMES INC 0.23%
APOLLO COMMERCIAL REAL ESTAT 0.23%
REGIONAL MANAGEMENT CORP 0.23%
WHITESTONE REIT 0.23%
MIDSOUTH BANCORP INC 0.23%
INTL SHIPHOLDING CORP 0.23%
HARTE-HANKS INC 0.23%
DELTA NATURAL GAS CO INC 0.22%
HHGREGG INC 0.22%
FIRST FINANCIAL CORP/INDIANA 0.22%
AMERESCO INC-CL A 0.22%
FURMANITE CORP 0.22%
MISTRAS GROUP INC 0.22%
GAIN CAPITAL HOLDINGS INC 0.21%
RED LION HOTELS CORP 0.21%
WEYCO GROUP INC 0.21%
RAMCO-GERSHENSON PROPERTIES 0.21%
TRECORA RESOURCES 0.21%
ZEP INC 0.21%
OLYMPIC STEEL INC 0.21%
FUTUREFUEL CORP 0.21%
OPTICAL CABLE CORP 0.21%
KIMBALL INTERNATIONAL-B 0.21%
JMP GROUP LLC 0.21%
AMERICAN VANGUARD CORP 0.21%
HERITAGE INSURANCE HOLDINGS 0.21%
BRIDGEPOINT EDUCATION INC 0.21%
CENTURY COMMUNITIES INC 0.20%
KIMBALL ELECTRONICS INC 0.20%
PENNYMAC FINANCIAL SERVICE-A 0.20%
AMC ENTERTAINMENT HLDS-CL A 0.20%
ERA GROUP INC 0.20%
DELTA APPAREL INC 0.20%
WCI COMMUNITIES INC 0.20%
SALEM COMMUNICATIONS -CL A 0.20%
ARGAN INC 0.20%
UNIVERSAL TECHNICAL INSTITUT 0.20%
KMG CHEMICALS INC 0.20%
GLOBAL POWER EQUIPMENT GROUP 0.20%
COMFORT SYSTEMS USA INC 0.20%
HCI GROUP INC 0.20%
BANNER CORPORATION 0.20%
K12 INC 0.20%
LSI INDUSTRIES INC 0.20%
FORESTAR GROUP INC 0.19%
AMREIT INC 0.19%
JAVELIN MORTGAGE INVESTMENT 0.19%
GP STRATEGIES CORP 0.19%
GLOBAL CASH ACCESS HOLDINGS 0.19%
DOUGLAS DYNAMICS INC 0.19%
SWS GROUP INC 0.19%
ENPRO INDUSTRIES INC 0.19%
EW SCRIPPS CO/THE-A 0.19%
NATIONAL PRESTO INDS INC 0.19%
BIGLARI HOLDINGS INC 0.18%
NACCO INDUSTRIES-CL A 0.18%
RE/MAX HOLDINGS INC-CL A 0.18%
ARES COMMERCIAL REAL ESTATE 0.18%
CEDAR REALTY TRUST INC 0.18%
INTERVEST BANCSHARES CORP 0.17%
HARDINGE INC 0.17%
PHOTRONICS INC 0.17%
FLY LEASING LTD-ADR 0.17%
AH BELO CORP-A 0.17%
BLACK BOX CORP 0.17%
GSI GROUP INC 0.17%
HUDSON VALLEY HOLDING CORP 0.17%
JINKOSOLAR HOLDING CO-ADR 0.17%
MONMOUTH REAL ESTATE INV COR 0.17%
NEWPARK RESOURCES INC 0.17%
ONEBEACON INSURANCE GROUP-A 0.17%
RUDOLPH TECHNOLOGIES INC 0.16%
GLOBAL PARTNERS LP 0.16%
CHIQUITA BRANDS INTL 0.16%
PROVIDENT FINANCIAL HLDGS 0.16%
DIGI INTERNATIONAL INC 0.15%
AG MORTGAGE INVESTMENT TRUST 0.15%
MODINE MANUFACTURING CO 0.15%
URSTADT BIDDLE - CLASS A 0.15%
MCRAE INDUSTRIES -CL A 0.15%
FIVE STAR QUALITY CARE 0.15%
ARCTIC CAT INC 0.15%
OPPENHEIMER HOLDINGS-CL A 0.15%
EASTERN CO/THE 0.15%
ROYAL HAWAIIAN ORCHARDS LP 0.15%
AMPCO-PITTSBURGH CORP 0.14%
STONERIDGE INC 0.14%
POWERSHARES ZACKS MICRO CAP 0.14%
ARLINGTON ASSET INVESTMENT-A 0.14%
TRANS WORLD ENTERTAINMENT CP 0.14%
APOLLO RESIDENTIAL MORTGAGE 0.14%
CALLON PETROLEUM CO 0.14%
CIBER INC 0.14%
UMH PROPERTIES INC 0.14%
ZAIS FINANCIAL CORP 0.14%
ISHARES MICRO-CAP ETF 0.14%
WESTERN ASSET MORTGAGE CAPIT 0.13%
GETTY REALTY CORP 0.13%
ALTRA INDUSTRIAL MOTION CORP 0.13%
COMMUNICATIONS SYSTEMS INC 0.13%
LUBY'S INC 0.13%
BOWL AMERICA INC-CLASS A 0.13%
ROUNDY'S INC 0.12%
PARK ELECTROCHEMICAL CORP 0.12%
STEPAN CO 0.12%
HAWKINS INC 0.12%
EDGEWATER TECHNOLOGY INC 0.12%
KFORCE INC 0.12%
BIOSCRIP INC 0.12%
DONEGAL GROUP INC-B 0.12%
CENVEO INC 0.12%
KINDRED HEALTHCARE INC 0.11%
RCM TECHNOLOGIES INC 0.11%
NORTH AMERICAN ENERGY PARTNERS 0.11%
SAFE BULKERS INC 0.10%
JINPAN INTERNATIONAL LTD 0.10%
KEY TECHNOLOGY INC 0.10%
ZIEGLER COS INC 0.10%
AMERICAN INDEPENDENCE CORP 0.10%
FABRINET 0.09%
CECO ENVIRONMENTAL CORP 0.09%
POWERSECURE INTERNATIONAL IN 0.09%
CROSS COUNTRY HEALTHCARE INC 0.08%
VULCAN INTERNATIONAL CORP 0.08%
KNIGHTSBRIDGE SHIPPING LTD 0.08%
CALIFORNIA WATER SERVICE GRP 0.08%
LEAPFROG ENTERPRISES INC 0.08%
LAZARE KAPLAN INTERNATIONAL 0.07%
CAPITAL BANK FINANCIAL-CL A 0.07%
KEWAUNEE SCIENTIFIC CP 0.07%
THOMPSON CREEK METALS CO INC 0.07%
ELECTRO SCIENTIFIC INDS INC 0.07%
NOBILITY HOMES INC 0.07%
FRIEDMAN INDUSTRIES 0.07%
MAGAL SECURITY SYS LTD 0.07%
PACIFIC MERCANTILE BANCORP 0.07%
MATTHEWS INTL CORP-CLASS A 0.07%
RESOURCE CAPITAL CORP 0.07%
GUARANTY BANCORP 0.07%
CALUMET SPECIALTY PRODUCTS 0.07%
HOMETRUST BANCSHARES INC 0.07%
SYKES ENTERPRISES INC 0.07%
TEEKAY TANKERS LTD-CLASS A 0.06%
SYMMETRY SURGICAL INC 0.06%
EXAR CORP 0.05%
INVACARE CORP 0.05%
SIGNATURE GROUP HOLDINGS INC 0.05%
ECOLOGY AND ENVIRON -CL A 0.05%
COWEN GROUP INC-CLASS A 0.05%
CHICAGO RIVET & MACHINE CO 0.05%
NATIONAL SECURITY GROUP INC 0.05%
JAKKS PACIFIC INC 0.05%
BOOKS-A-MILLION INC 0.04%
BASIC ENERGY SERVICES INC 0.04%
SUN BANCORP INC-NJ 0.04%
SWIFT ENERGY CO 0.04%
AEGION CORP 0.04%
CIM COMMERCIAL TRUST CORP 0.03%
AFFIRMATIVE INSURANCE HOLDIN 0.03%
BALTIC TRADING LTD 0.03%
POINT.360 0.03%
ACORN ENERGY INC 0.03%
HARVEST NATURAL RESOURCES IN 0.03%
AMERICAN SHARED HOSPITAL SER 0.02%
AMREP CORP 0.02%
US CONCRETE-CW17 0.02%
HILL INTERNATIONAL INC 0.02%
NISKA GAS STORAGE PARTNERS-U 0.02%
CHINA GREEN AGRICULTURE INC 0.02%
US CONCRETE-CW17 0.01%
KEMET CORP 0.01%
KRATOS DEFENSE & SECURITY 0.01%
PARK STERLING CORP 0.01%
SANCHEZ PROD 0.01%
PARAGON SHIPPING INC-CLASS A 0.01%
FLAGSTAR BANCORP INC 0.01%
STR HOLDINGS INC 0.01%
WALKING CO HOLDINGS INC/THE 0.01%
COMARCO INC 0.00%
WPCS INTERNATIONAL INC 0.00%
DOLAN CO ESCROW SHS 0.00%
GENCO SHIPP-CW21 0.00%
NORTH AMER PALLADIUM LTD 0.00%
MECKLERMEDIA CORP 0.00%
EAGLE BULK SHIPPING - WARRANTS 0.00%
EAGLE BULK SHIPPING INC 0.00%
ALCO STORES INC 0.00%
SIZMEK INC 0.00%
AMBOW EDUCATION HOLDING-ADR 0.00%
BEVERLY HILLS BANCORP INC 0.00%
LECG CORP 0.00%
KID BRANDS INC 0.00%
AMBASSADORS INTERNATIONAL 0.00%
BLUE EARTH REFINERIES INC 0.00%
CAPITOL BANCORP LTD 0.00%
FIRST PLACE FINANCIAL /OHIO 0.00%
FIRST STATE BANCORPORATION 0.00%
MEDCATH CORPORATION 0.00%
MESA AIR GROUP INC 0.00%
ORLEANS HOMEBUILDERS INC 0.00%
SOUTHERN COMMUNITY FINANCIAL C 0.00%
TIERONE CORP 0.00%
TRENWICK AMERICA CORP 0.00%
TRENWICK AMERICA CORP 0.00%
TRICO MARINE SERVICES INC 0.00%
UNITED WESTERN BANCORP INC 0.00%
UNIVERSAL TRAVEL GROUP 0.00%