Risk Rating Changes for two RBC Funds

RBC Global Asset Management Inc. (RBC GAM) today announced changes to the risk ratings of two RBC Funds. These changes will be reflected in the renewal of the simplified prospectus of the RBC Funds and RBC Private Pools, which is scheduled to be filed on or about June 24, 2015.

Fund Current Rating New Rating
RBC O’Shaughnessy U.S. Growth Fund Medium to High High
RBC O’Shaughnessy U.S. Growth Fund II Medium to High High

RBC GAM follows a risk classification methodology based on the approach recommended by the Investment Funds Institute of Canada. Each fund’s risk rating is reviewed on an annual basis, or when the fund undergoes a material change. The changes announced today are the result of an annual review. No material changes have been made to the investment objectives, strategies or management of the affected funds.

If you have any questions, please call 1-800-661-6141 to speak to an Investment Funds Advisor.