RBC Emerging Markets Equity Fund

ALL HOLDINGS

Holdings (As of 12/31/2018)	Holding % of Market Value
NASPERS LTD	5.54%
HOUSING DEVELOPMENT FINANCE CORP LTD	5.34%
TAIWAN SEMICONDUCTOR MANUFACTURING CO LT	4.90%
AIA GROUP LTD	4.53%
TATA CONSULTANCY SERVICES LTD	3.66%
UNILEVER PLC	3.66%
SM INVESTMENTS CORP	3.10%
US GOVERNMENT MONEY MARKET FUND	2.68%
CREDICORP LTD	2.67%
ANTOFAGASTA PLC	2.64%
CHINA MOBILE LTD	2.57%
BANCO DO BRASIL SA	2.56%
PING AN INSURANCE GROUP CO OF CHINA LTD	2.48%
SHINHAN FINANCIAL GROUP CO LTD	2.39%
DR REDDY'S LABORATORIES LTD	2.30%
UNI-PRESIDENT ENTERPRISES CORP	2.18%
KALBE FARMA TBK PT	2.15%
FOMENTO ECONOMICO MEXICANO SAB DE CV	2.07%
FUYAO GLASS INDUSTRY GROUP CO LTD	1.80%
CLICKS GROUP LTD	1.77%
FIRSTRAND LTD	1.77%
BANK CENTRAL ASIA TBK PT	1.76%
BANCO BRADESCO SA	1.72%
NCSOFT CORP	1.68%
SOFTBANK GROUP CORP	1.67%
MONDI LTD	1.63%
HERO MOTOCORP LTD	1.63%
NATURA COSMETICOS SA	1.60%
SAMSUNG FIRE & MARINE INSURANCE CO LTD	1.50%
BAIDU INC	1.44%
DELTA ELECTRONICS THAILAND PCL	1.43%
ENKA INSAAT VE SANAYI AS	1.35%
SAMSONITE INTERNATIONAL SA	1.31%
ALIBABA GROUP HOLDING LTD	1.28%
KASIKORNBANK PCL	1.27%
RAIA DROGASIL SA	1.20%
E.SUN FINANCIAL HOLDING CO LTD	1.16%
CHINA RESOURCES LAND LTD	1.12%
MEDIATEK INC	1.10%
STANDARD FOODS CORP	1.05%
PUBLIC BANK BHD	1.02%
DALI FOODS GROUP CO LTD	0.99%
AMOREPACIFIC CORP	0.96%
HANON SYSTEMS	0.94%
GIANT MANUFACTURING CO LTD	0.78%
GUARANTY TRUST BANK PLC	0.70%
GRUPO FINANCIERO GALICIA SA	0.70%
DISCOVERY LTD	0.68%
CHINA MERCHANTS PORT HOLDINGS CO LTD	0.67%
BRAC BANK LTD	0.63%
MIDEA GROUP CO LTD	0.62%
SHOPRITE HOLDINGS LTD	0.60%
SAMSUNG FIRE & MARINE INSURANCE CO LTD	0.33%
KIMBERLY-CLARK DE MEXICO SAB DE CV	0.31%
TERNIUM SA	0.28%
PHP/USD FWD 20190103 BNYM	0.16%
WEIFU HIGH-TECHNOLOGY GROUP CO LTD	0.15%
FUYAO GLASS INDUSTRY GROUP CO LTD	0.09%
JPY/USD FWD 20190107 BNYM	0.09%
ZAR/USD SPOT 20190102 BNYM	0.05%
KRW/USD SPOT 20190102 BNYM	0.04%
HKD/USD FWD 20190102 BNYM	0.03%
ZAR/USD FWD 20190103 BNYM	0.01%
HKD/USD FWD 20190103 BNYM	0.00%