RBC Emerging Markets Ex-China Equity Fund Class I RECIX Strategy

The investment seeks to provide long-term capital growth. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its assets in equity securities economically tied to emerging market countries (excluding China). It will typically invest in 40 to 60 equity securities issued by mid‑ to large-capitalization companies. The equity securities in which the fund may invest include common stock, preferred stock, convertible securities, American Depositary Receipts, European Depositary Receipts, Global Depositary Receipts, warrants, rights and initial public offerings.