Mutual Funds

Source Data: Morningstar Inc. (Morningstar.ca). Based on growth of $25,000 from January 1, 2020, to March 31, 2025 RBC Select Very Conservative Portfolio Series F compared to its Peer Group – Canadian Fixed Income Balanced category. RBC Select Very Conservative Portfolio returns reflect series F, net of fees. Series F units are designed to be held in fee-based accounts. Series F MERs include costs for investment management, operating expenses and taxes and are payable to the fund manager. Investors pay ongoing fees for investment advice and other services directly to their advisor as a separate account fee. “Peer group category average” reflects Canadian Fixed Income Balanced^{legal disclaimer ‡} category average, as reported by Morningstar Inc. Past performance is not a guarantee of future results. It is not possible to directly invest in a Morningstar peer group category. The indicated rates of return are the historical annual compounded total returns for the periods indicated including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Standard performance data for RBC Select Very Conservative Portfolio- Series F as of March 31, 2025 is – 1-yr: 6.73%, 3-yr: 3.53%, 5-yr 4.72%, 10yr: 3.59% Source Data: Morningstar Inc. (Morningstar.ca). Based on growth of $25,000 from January 1, 2020, to March 31, 2025 RBC Select Conservative Portfolio Series F compared to its Peer Group – Global Fixed Income Balanced category. RBC Select Conservative Portfolio returns reflect series F, net of fees. Series F units are designed to be held in fee-based accounts. Series F MERs include costs for investment management, operating expenses and taxes and are payable to the fund manager. Investors pay ongoing fees for investment advice and other services directly to their advisor as a separate account fee. “Peer group category average” reflects Global Fixed Income Balanced^{legal disclaimer ‡} category average, as reported by Morningstar Inc. Past performance is not a guarantee of future results. It is not possible to directly invest in a Morningstar peer group category. The indicated rates of return are the historical annual compounded total returns for the periods indicated including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Standard performance data for RBC Select Conservative Portfolio- Series F as of March 31, 2025 is – 1-yr: 7.80%, 3-yr: 5.06%, 5-yr 7.05%, 10yr: 4.83%. Source Data: Morningstar Inc. (Morningstar.ca). Based on growth of $25,000 from January 1, 2020, to March 31, 2025 RBC Select Balanced Portfolio Series F compared to its Peer Group – Global Neutral Balanced category. RBC Select Balanced Portfolio returns reflect series F, net of fees. Series F units are designed to be held in fee-based accounts. Series F MERs include costs for investment management, operating expenses and taxes and are payable to the fund manager. Investors pay ongoing fees for investment advice and other services directly to their advisor as a separate account fee. “Peer group category average” reflects Global Neutral Balanced^{legal disclaimer ‡} category average, as reported by Morningstar Inc. Past performance is not a guarantee of future results. It is not possible to directly invest in a Morningstar peer group category. The indicated rates of return are the historical annual compounded total returns for the periods indicated including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Standard performance data for RBC Select Balanced Portfolio- Series F as of March 31, 2025 is – 1-yr: 9.24%, 3-yr: 6.35%, 5-yr 9.55%, 10yr: 6.18%. Source Data: Morningstar Inc. (Morningstar.ca). Based on growth of $25,000 from January 1, 2020, to March 31, 2025 RBC Select Growth Portfolio Series F compared to its Peer Group – Global Equity Balanced category. RBC Select Growth Portfolio returns reflect series F, net of fees. Series F units are designed to be held in fee-based accounts. Series F MERs include costs for investment management, operating expenses and taxes and are payable to the fund manager. Investors pay ongoing fees for investment advice and other services directly to their advisor as a separate account fee. “Peer group category average” reflects Global Equity Balanced^{legal disclaimer ‡} category average, as reported by Morningstar Inc. Past performance is not a guarantee of future results. It is not possible to directly invest in a Morningstar peer group category. The indicated rates of return are the historical annual compounded total returns for the periods indicated including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Standard performance data for RBC Select Growth Portfolio- Series F as of March 31, 2025 is – 1-yr: 9.90%, 3-yr: 7.16%, 5-yr 11.20%, 10yr: 7.06%. Source Data: Morningstar Inc. (Morningstar.ca). Based on growth of $25,000 from January 1, 2020, to March 31, 2025 RBC Select Aggressive Growth Portfolio Series F compared to its Peer Group – Global Equity category. RBC Select Aggressive Growth Portfolio returns reflect series F, net of fees. Series F units are designed to be held in fee-based accounts. Series F MERs include costs for investment management, operating expenses and taxes and are payable to the fund manager. Investors pay ongoing fees for investment advice and other services directly to their advisor as a separate account fee. “Peer group category average” reflects Global Equity^{legal disclaimer ‡} category average, as reported by Morningstar Inc. Past performance is not a guarantee of future results. It is not possible to directly invest in a Morningstar peer group category. The indicated rates of return are the historical annual compounded total returns for the periods indicated including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Standard performance data for RBC Select Aggressive Growth Portfolio- Series F as of March 31, 2025 is – 1-yr: 11.97%, 3-yr: 9.14%, 5-yr 14.53%, 10yr: 8.67%. Source Data: Morningstar Inc. (Morningstar.ca). Based on growth of $25,000 from January 1, 2015, to March 31, 2025 RBC Select Very Conservative Portfolio Series F compared to its Peer Group – Canadian Fixed Income Balanced category. RBC Select Very Conservative Portfolio returns reflect series F, net of fees. Series F units are designed to be held in fee-based accounts. Series F MERs include costs for investment management, operating expenses and taxes and are payable to the fund manager. Investors pay ongoing fees for investment advice and other services directly to their advisor as a separate account fee. “Peer group category average” reflects Canadian Fixed Income Balanced^{legal disclaimer ‡} category average, as reported by Morningstar Inc. Past performance is not a guarantee of future results. It is not possible to directly invest in a Morningstar peer group category. The indicated rates of return are the historical annual compounded total returns for the periods indicated including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Standard performance data for RBC Select Very Conservative Portfolio- Series F as of March 31, 2025 is – 1-yr: 6.73%, 3-yr: 3.53%, 5-yr 4.72%, 10yr: 3.59%. Source Data: Morningstar Inc. (Morningstar.ca). Based on growth of $25,000 from January 1, 2015, to March 31, 2025 RBC Select Conservative Portfolio Series F compared to its Peer Group – Global Fixed Income Balanced category. RBC Select Conservative Portfolio returns reflect series F, net of fees. Series F units are designed to be held in fee-based accounts. Series F MERs include costs for investment management, operating expenses and taxes and are payable to the fund manager. Investors pay ongoing fees for investment advice and other services directly to their advisor as a separate account fee. “Peer group category average” reflects Global Fixed Income Balanced^{legal disclaimer ‡} category average, as reported by Morningstar Inc. Past performance is not a guarantee of future results. It is not possible to directly invest in a Morningstar peer group category. The indicated rates of return are the historical annual compounded total returns for the periods indicated including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Standard performance data for RBC Select Conservative Portfolio- Series F as of March 31, 2025 is – 1-yr: 7.80%, 3-yr: 5.06%, 5-yr 7.05%, 10yr: 4.83%. Source Data: Morningstar Inc. (Morningstar.ca). Based on growth of $25,000 from January 1, 2015, to March 31, 2025 RBC Select Balanced Portfolio Series F compared to its Peer Group – Global Neutral Balanced category. RBC Select Balanced Portfolio returns reflect series F, net of fees. Series F units are designed to be held in fee-based accounts. Series F MERs include costs for investment management, operating expenses and taxes and are payable to the fund manager. Investors pay ongoing fees for investment advice and other services directly to their advisor as a separate account fee. “Peer group category average” reflects Global Neutral Balanced^{legal disclaimer ‡} category average, as reported by Morningstar Inc. Past performance is not a guarantee of future results. It is not possible to directly invest in a Morningstar peer group category. The indicated rates of return are the historical annual compounded total returns for the periods indicated including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Standard performance data for RBC Select Balanced Portfolio- Series F as of March 31, 2025 is – 1-yr: 9.24%, 3-yr: 6.35%, 5-yr 9.55%, 10yr: 6.18%. Source Data: Morningstar Inc. (Morningstar.ca). Based on growth of $25,000 from January 1, 2015, to March 31, 2025 RBC Select Growth Portfolio Series F compared to its Peer Group – Global Equity Balanced category. RBC Select Growth Portfolio returns reflect series F, net of fees. Series F units are designed to be held in fee-based accounts. Series F MERs include costs for investment management, operating expenses and taxes and are payable to the fund manager. Investors pay ongoing fees for investment advice and other services directly to their advisor as a separate account fee. “Peer group category average” reflects Global Equity Balanced^{legal disclaimer ‡} category average, as reported by Morningstar Inc. Past performance is not a guarantee of future results. It is not possible to directly invest in a Morningstar peer group category. The indicated rates of return are the historical annual compounded total returns for the periods indicated including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Standard performance data for RBC Select Growth Portfolio- Series F as of March 31, 2025 is – 1-yr: 9.90%, 3-yr: 7.16%, 5-yr 11.20%, 10yr: 7.06%. Source Data: Morningstar Inc. (Morningstar.ca). Based on growth of $25,000 from January 1, 2015, to March 31, 2025 RBC Select Aggressive Growth Portfolio Series F compared to its Peer Group – Global Equity category. RBC Select Aggressive Growth Portfolio returns reflect series F, net of fees. Series F units are designed to be held in fee-based accounts. Series F MERs include costs for investment management, operating expenses and taxes and are payable to the fund manager. Investors pay ongoing fees for investment advice and other services directly to their advisor as a separate account fee. “Peer group category average” reflects Global Equity^{legal disclaimer ‡} category average, as reported by Morningstar Inc. Past performance is not a guarantee of future results. It is not possible to directly invest in a Morningstar peer group category. The indicated rates of return are the historical annual compounded total returns for the periods indicated including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Standard performance data for RBC Select Aggressive Growth Portfolio- Series F as of March 31, 2025 is – 1-yr: 11.97%, 3-yr: 9.14%, 5-yr 14.53%, 10yr: 8.67%.

† Past performance is not a guarantee of future performance.

‡ Morningstar’s Global Neutral Balanced category is comprised of funds that invest greater than or equal to 40% but less than or equal to 60% of their total assets in equity securities and invest less than 70% of total assets in a combination of equity securities domiciled in Canada and Canadian dollar-denominated fixed income securities. Morningstar Category averages are designed to represent the average return of funds within their category over time. Category average performance is calculated daily by Morningstar that is reconstituted monthly by equally weighting all funds, and for each fund equally weighting all the different fee series offered by that fund, in the category. The category average excludes funds that are not priced daily. For more information, Click here for the Morningstar category average methodology published in August, 2017. Morningstar information contained herein is proprietary to Morningstar and is not warranted to be accurate, complete or timely. Neither Morningstar not its content providers are responsible for any damages or losses arising from any use of this information.

Mutual Funds are sold by Royal Mutual Funds Inc. (RMFI). 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. Mutual fund securities are not insured by the Canada Deposit Insurance Corporation. The indicated rates of return are the historical annual compounded total returns for the periods indicated including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Investment advice is provided by RMFI. RMFI, RBC Global Asset Management Inc., Royal Bank of Canada, Royal Trust Corporation of Canada and The Royal Trust Company are separate corporate entities which are affiliated. RMFI is licensed as a financial services firm in the province of Quebec.