MINNEAPOLIS, June 7, 2023 – RBC Global Asset Management-U.S. (“RBC GAM- U.S.”) today announced that its RBC Emerging Markets Equity Fund (“the Fund”) was the winner of two 2023 Envestnet Asset Manager Awards in the Global, International, and Emerging Market Fund category and the Sustainable Fund category.

These awards recognize high-conviction portfolio managers who go above and beyond for investors and demonstrate excellence in portfolio management. Envestnet | PMC ’s systematic, proprietary, and multi-factor methodology for this awards program, now in its 19th year, incorporates a variety of qualitative and quantitative criteria to identify award finalists from among the thousands of managers on the Envestnet platform.

The RBC Emerging Markets Equity Fund, which is managed by Phillippe Langham, Senior Portfolio Manager & Head of Emerging Markets Equities at RBC Global Asset Management (UK) Limited, invests primarily in equity securities of companies located or active in emerging markets. The Fund is designed for investors seeking potential long-term growth from their investment, who are seeking to diversify their portfolio to include growth opportunities in emerging markets and who are planning to hold their investment for the long term. Environmental, social and governance (“ESG”) considerations are integrated into RBC GAM’s investment process for the Fund. RBC GAM’s ESG analysis framework focuses on the economic activities and operational conduct of its equity investments, and considers a range of ESG factors including, but not limited to, corporate governance, employee health and safety, human rights, and environmental management, where material.

“We are honored that Envestnet has recognized our Fund for two distinguished awards,” said Mr. Langham. “Where our RBC Emerging Markets Equity Fund is suited for investors who are interested in a strategy that incorporate ESG factors in its investment process and invests in emerging markets, we are very pleased to be recognized for our excellence in both ESG and emerging markets.”

Envestnet | PMC selected RBC GAM’s Fund after evaluating its investment process and style, customer service, tax efficiency, performance, composite, and firm profile, among many other criteria. To be eligible for an Envestnet Asset Manager Award, managers must be broadly available on the Envestnet platform. They also need to have at least $100 million in assets under management, and a three-year track record.

“Envestnet offers access to thousands of investment strategies for investors, broker-dealers, and RIAs,” said Dave Eikenberg, Head of U.S. Intermediary and Subadvisory Sales at RBC Global Asset Management-U.S. “For RBC Global Asset Management to be selected from among thousands of other investment managers on the Envestnet platform is a testament to both our investment team and our commitment to client service.”

The two Envestnet Asset Manager Awards were presented to RBC GAM during the Envestnet Summit 2023 — Elevate at the Colorado Convention Center in Denver, CO on April 26.

More information about RBC GAM’s U.S. mutual funds can be found at https://usmutualfunds.rbcgam.com/us/

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 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 $412 billion USD in assets and have approximately 1,500 employees located across Canada, the United States, Europe and Asia.

Mutual fund investing involves risk. Principal loss is possible. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. The Fund is non-diversified, which means it may concentrate its assets in fewer individual holdings than a diversified fund. Therefore, the Fund is more exposed to individual security volatility than a diversified fund. Investing in the Fund involves other risks including but not limited to concentration in the affordable housing industry, competition for investments, the effects of leveraging the Fund’s portfolio, and investments in illiquid securities. These risks are described more fully in the prospectus.

Before investing, you should consider carefully a fund’s investment objectives, risks, charges, and expenses. This and other information is in the prospectus, which you can view by visiting Document Library or request by calling 800.422.2766. Please read the prospectus carefully before investing.

RBC Global Asset Management (U.S.) Inc. is the Adviser for the RBC Funds Trust. The Funds are distributed by Quasar Distributors, LLC. Securities are offered through RBC Wealth Management, a division of RBC Capital Markets, LLC, member NYSE/FINRA/SIPC.

NOT FDIC INSURED. NO BANK GUARANTEE. MAY LOSE VALUE.