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RBC Global Asset Management Inc. announces mutual fund risk rating changes

TORONTO, June 25, 2018 - RBC Global Asset Management Inc. (RBC GAM Inc.) today announced changes to the risk rating of two RBC GAM mutual funds. These changes will be reflected in the renewal of the simplified prospectus for the funds and will be effective June 28, 2018.

The changes are based on the methodology mandated by the Canadian Securities Administrators to determine risk level of mutual funds. RBC GAM Inc. reviews the risk rating for each fund at a minimum on an annual basis, as well as when a fund undergoes a material change. These changes are the result of an annual review and are not a result of any changes to the investment objectives, strategies or management of the funds.

Risk rating increases


Funds

Current

New

RBC Retirement 2050 Portfolio

Low

Low to medium

Phillips, Hager & North LifeTime 2015 Fund

Low

Low to medium

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, PH&N Funds and BlueBay Funds are offered by RBC GAM Inc. and distributed through authorized dealers. 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 institutional 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 manages approximately C$425 billion in assets and have approximately 1,400 employees located across Canada, the United States, Europe and Asia.

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For more information, please contact:
Leah Commisso, RBC GAM Corporate Communications, 416-955-6498