Fees to RBC Affiliates

RBC Capital Markets, LLC (“RBC CM”) is registered as a broker-dealer and investment adviser with the U.S. Securities and Exchange Commission (SEC). You may receive services from RBC CM as a client of another broker- dealer or registered investment adviser for which RBC CM provides custody and clearing services through its RBC Clearing & Custody division.In addition to the compensation RBC CM or financial professionals may receive from mutual funds, if your account, including your retirement plan or plan participants invest in certain funds, then affiliates of RBC CM, either due to common ownership or as a result of a significant investment by RBC CM or affiliate, will receive compensation related to the investment as noted below. These amounts are paid by the funds pursuant an agreement between the fund and the relevant RBC CM affiliate. Advisory and sub-advisory fees are for the management of fund assets. For more information please consult the prospectus or Statement of Additional Information.

Fees to RBC Affiliates

Investment and insurance products offered through RBC Capital Markets are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.