TORONTO, October 13, 2021 — RBC Global Asset Management Inc. (“RBC GAM Inc.”) today announced a number of changes to its RBC Index Funds lineup, including the proposed launch of new funds, name changes, the capping of certain funds to new investors and the re-designation of certain series of funds. All of these changes are subject to regulatory approval.

Expanded lineup of RBC Index ETF Funds

Leveraging the opportunities available through the RBC iShares strategic alliance, RBC GAM Inc. will be expanding its lineup of index-based solutions effective January 24, 2022, with the addition of five new RBC Index ETF Funds (collectively, the “new Funds”). Each fund will invest in one or more iShares ETFs. Further details are included below:  

RBC Index ETF Fund	Underlying iShares ETF(s)
RBC Global Bond Index ETF Fund	*40% iShares Core U.S. Aggregate Bond ETF (AGG) / 60% iShares Core International Aggregate Bond ETF (IAGG) + Currency hedging
RBC Canadian Equity Index ETF Fund	iShares Core S&P/TSX Capped Composite Index ETF (XIC)
RBC U.S. Equity Index ETF Fund	iShares Core S&P 500 ETF (IVV)
RBC Global Equity Index ETF Fund	iShares MSCI World ETF (URTH)
RBC Emerging Market Equity Index ETF Fund	iShares Core MSCI Emerging Markets ETF (IEMG)

*Target allocation. Actual allocation may vary.

A preliminary simplified prospectus relating to the new Funds has been filed with certain Canadian securities commissions or similar authorities. Units of the new Funds will not be available for purchase until the relevant securities commissions or similar authorities issue receipts for the simplified prospectus of the new Funds. See the preliminary simplified prospectus for further information regarding the new Funds.

Name changes of certain index funds

In addition, the following funds will be renamed effective January 24, 2022:

Current Fund Name	New Fund Name
RBC Canadian Bond Index Fund	RBC Canadian Bond Index ETF Fund
RBC U.S. Index Currency Neutral Fund	RBC U.S. Equity Currency Neutral Index ETF Fund
RBC International Index Currency Neutral Fund	RBC International Equity Currency Neutral Index ETF Fund

Capping of certain index funds and re-designation of Series A units of certain index funds

Effective January 21, 2022 after 4:00 pm ET, RBC GAM Inc. will be closing the following funds (collectively, the “Funds”) to new investors:

• RBC Canadian Government Bond Index Fund
• RBC Canadian Index Fund
• RBC U.S. Index Fund
• RBC U.S. Index Currency Neutral Fund (Series A units only)
• RBC International Index Currency Neutral Fund (Series A units only)

Current unitholders of the Funds will continue to be able to make investments into the Funds after they are closed to new investors. Purchase orders by new investors will only be processed if submitted on or before 4:00 pm ET January 21, 2022.

Furthermore, Series A units of the Funds will be re-designated to Series DZ units effective January 24, 2022.

Fee change for Series A units of RBC Canadian Bond Index Fund

Effective January 24, 2022 the management fee for Series A units of RBC Canadian Bond Index Fund will be reduced from 0.60% to 0.59%.

Please consult your advisor and read the prospectus or Fund Facts document before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. RBC Funds, BlueBay Funds and PH&N Funds are offered by RBC GAM Inc. and distributed through authorized dealers in Canada. RBC iShares ETFs are comprised of RBC ETFs managed by RBC Global Asset Management Inc. and iShares ETFs managed by BlackRock Asset Management Canada Limited. RBC GAM Inc. is a member of the RBC GAM group of companies and an indirect wholly owned subsidiary of Royal Bank of Canada.

About RBC Global Asset Management

RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC) and includes money managers BlueBay Asset Management and Phillips, Hager & North Investment Management. RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. The RBC GAM group of companies manage approximately $580 billion in assets and have approximately 1,500 employees located across Canada, the United States, Europe and Asia.