RBC EXCHANGE TRADED FUNDS

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RBC EXCHANGE TRADED FUNDS Invest with a leader ETFs ETFs RBC Strategic Global ETFs RBC 1-5 Year Laddered Bond ETFs RBC Target Maturity Bond ETFs RBC ETFs

ETFs Designed for stability & growth. ETFs leverage over three decades of investment management expertise, offering solutions that stand apart from typical ETFs. Developed by our Quantitative Investment Management team, these ETFs use a proprietary rules-based investment approach that helps deliver attractive and higher growth potential. The result: High-quality core dividend solutions at an attractive price point. Why ETFs? Thinking beyond just dividend yields. In addition to dividend yields screening, stocks are selected for balance-sheet strength, dividend sustainability and growth potential. Weighting stocks to account for evolving markets. Use of a modified cap weighting system takes into account the influence of competitive forces on companies, including liquidity and economic characteristics. Offering three international opportunities. RCD Canadian RUD RUD.u RHU RPD European RPD.u European ETF European ETF Emerging Markets ETF RHP RID RID.u RHI RXD RXD.u European EM EM Portfolio characteristics Canadian European Emerging Markets Ticker & currency options RCD RUD RUD.u RHU RPD RPD.u RHP RID RID.u RHI RXD RXD.u Management fee 0.39% 0.39% 0.49% 0.49% 0.64% Risk profile Medium Medium Medium Medium High Distributions Monthly Monthly Monthly Monthly Monthly Rebalancing Quarterly Quarterly Quarterly Quarterly Quarterly Distribution type Foreign Foreign Foreign Foreign RBC ETFs Innovative, high quality and professionally managed. Designed to provide attractive risk-adjusted performance.

ETFs Core equity solutions to build on. ETFs offer a high-quality core equity solution built by the same Quantitative Investment Management team that developed the ETFs. These ETFs are managed using a rules-based, multi-factor approach which seeks to avoid companies with low quality of earnings, expensive valuations and slow growth. The result is a high-quality core equity ETF that offers a strategic, well-thought-out solution. An innovative approach to weighting and regular rebalancing is designed to further enhance risk-return characteristics. Why ETFs? Access to core equities. Providing broad exposure to a diversified portfolio of high-quality equity securities, these ETFs offer the potential for long-term capital growth. A differentiated approach. These ETFs are managed using a rules-based, multi-factor approach that screens for high-quality earnings, then independently runs value and growth screens to identify the best securities that exhibit both characteristics. RCE Canadian RIE RUE RIE.u RUE.u RHF RHS RXE RXE.u Modified cap weighting. The managers use a unique weighting methodology that better reflects the liquidity and economic characteristics of companies relative to traditional market capitalization weighting schemes. EM EM Portfolio characteristics Canadian Emerging Markets Ticker & currency options RCE RUE RUE.u RHS RIE RIE.u RHF RXE RXE.u Management fee 0.39% 0.39% 0.49% 0.64% Risk profile Medium Medium Medium High Distributions Quarterly Quarterly Quarterly Quarterly Rebalancing Quarterly Quarterly Quarterly Quarterly Distribution type Foreign Foreign Foreign Invest with Canada s leading provider of solutions.* Backed by disciplined and experienced investment teams.

RBC Strategic Global ETFs In today s global environment, finding opportunity while managing risk has seldom been more challenging. To help, RBC GAM has designed two innovative ETFs: RBC Strategic Global ETF (RLD) and RBC Strategic Global ETF (RLE). These diversified equity solutions take advantage of global opportunities while managing risk. Employing an ETF-of-ETFs structure, they invest in a selection of ETFs, which use a rules-based investment approach to help identify quality -generating or growth companies. The strategic asset allocation is determined by the RBC GAM Investment Strategy Committee, made up of senior investment professionals from across RBC Global Asset Management. Why RBC Strategic Global ETFs? Diversified structure. They invest in a selection of ETFs that employ a rules-based investment approach to help identify quality -generating or growth companies. Global perspective. The mix of underlying ETFs is guided by the RBC GAM Investment Strategy Committee, made up of senior investment leaders from across the firm. Simplified execution. RLD Global RLE Global Global equity diversification through a single ticket. RBC GAM Investment Strategy Committee The RBC GAM Investment Strategy Committee consists of senior investment professionals drawn from across RBC Global Asset Management. It regularly reviews information on economic activity and capital markets around the world, from both internal and external sources. Important guidance is also provided by the Committee s regional advisors and global equity sector heads. This allows the Committee to formulate a global investment forecast and develop specific guidelines that can be used to optimize portfolio management. Portfolio characteristics RBC Strategic Global ETF RBC Strategic Global ETF Ticker RLD RLE Management fee 0.55% 0.55% Risk profile Medium Medium Distributions Monthly Quarterly Rebalancing Quarterly Quarterly Distribution type and foreign, foreign

RBC fixed ETFs An strategy that sets you apart. For ease of execution: RBC 1-5 Year Laddered Bond ETFs Attractive monthly from a single, high-quality portfolio of bonds with staggered maturities to reduce interest rate risk. RLB 1-5 Yr Laddered Canadian Bond RBC 1-5 Year Laddered Canadian Bond ETF (RLB) is a high-quality fixed solution. It offers exposure to a diversified portfolio of Canadian investment-grade corporate and government bonds, with maturity dates staggered ( laddered ) from one to five years. Characteristics Distribution frequency: Monthly Average number of underlying bond holdings: approx. 150-180 Rebalancing frequency: Quarterly Management fee: 0.22% RLB holdings five segments equally weighted by maturity year Maturity 1 Year 2 Years 3 Years 4 Years 5 Years 70% Canadian corporate investment-grade bonds RQE Target 2017 RQF Target 2018 RQG Target 2019 RQH Target 2020 RQI Target 2021 30% Canadian government bonds 2017 2018 2019 2020 2021 To maintain the 1-5 year ladder: At the end of each year, the nearest segment of the Target Maturity Bond ETF and government bonds are sold and the proceeds are rolled into a new segment of Target Maturity Bond ETF and government bonds with 5 years remaining to maturity. Benefits of RBC Fixed Income ETFs THOMSON REUTERS LIPPER FUND AWARDS 2015 CANADA Quality. Broad exposure to investmentgrade corporate bonds Income. Attractive regular monthly cash flow. Transparency. Maturity profile, credit quality and holdings are always available. Award-winning. Lipper s Best Bond ETFs Group for 2015.

RBO 1-5 Yr Laddered Bond RBC 1-5 Year Laddered Bond ETF (RBO) is a straightforward, short-term fixed solution that provides exposure to a diversified portfolio of Canadian investment-grade corporate bonds. RBO is an equally weighted portfolio of five RBC Target Maturity Bond ETFs with maturity dates staggered ( laddered ) from one to five years. Characteristics Distribution frequency: Monthly Approximate number of underlying bond holdings: 150 Rebalancing frequency: Quarterly Management fee: 0.25% RBO holdings five segments equally weighted by maturity year Maturity 1 Year 2 Years 3 Years 4 Years 5 Years 100% Canadian corporate investment-grade bonds RQE Target 2017 RQF Target 2018 RQG Target 2019 RQH Target 2020 RQI Target 2021 To maintain the 1-5 year ladder: At the end of each year, the nearest segment of Target Maturity Bond ETF is sold and the proceeds are rolled into a new segment of Target Maturity Bond ETF with 5 years remaining to maturity. For flexibility: RBC Target Maturity Bond ETFs Designed to simplify bond management, these ETFs have successive maturities from 2016 to 2021 allowing you to target a specific maturity year or build bond ladders efficiently. Holdings include individual corporate bonds selected to track the corresponding FTSE TMX Canada Maturity. RQD Target 2016 RQE Target 2017 RQF Target 2018 RQG Target 2019 RQH Target 2020 RQI Target 2021 Characteristics Distribution frequency: Monthly Approximate number of underlying bond holdings: 20-50 per ETF Rebalancing frequency: Semi-annually Management fee: 0. to 0.25% RBC ETFs Innovative, high quality and professionally managed. Designed to provide attractive risk-adjusted performance.

RBC ETFs Product List ETF TSX Ticker ThomsonONE Ticker Management Fee RBC 1-5 Year Laddered Bond ETFs: Attractive monthly from a single, high-quality portfolio of bonds with staggered maturities to reduce interest rate risk. RBC 1-5 Year Laddered Canadian Bond ETF NEW RLB RLB-mk 0.22% RBC 1-5 Year Laddered Bond ETF RBO RBO-mk 0.25% RBC Target Maturity Bond ETFs: Attractive monthly from a single, high-quality portfolio of bonds that all mature in the same calendar year. RBC Target 2016 ETF RQD RQD-mk 0. 1 RBC Target 2017 ETF RQE RQE-mk 0.25% RBC Target 2018 ETF RQF RQF-mk 0.25% RBC Target 2019 ETF RQG RQG-mk 0.25% RBC Target 2020 ETF RQH RQH-mk 0.25% RBC Target 2021 ETF RQI RQI-mk 0.25% ETFs: Rules-based investment approach emphasizes consistent and growing dividend payers with long-term growth potential. Canadian ETF RCD RCD-mk 0.39% ETF RUD RUD-mk 0.39% ETF RUD.u RUD U-mk 0.39% ETF RHU RHU-mk 0.39% European ETF RPD RPD-mk 0.49% European ETF RPD.u RPD U-mk 0.49% European ETF RHP RHP-mk 0.49% ETF RID RID-mk 0.49% ETF RID.u RID U-mk 0.49% ETF RHI RHI-mk 0.49% Emerging Markets ETF RXD RXD-mk 0.64% Emerging Markets ETF RXD.u RXD U-mk 0.64% RBC Strategic Global ETF NEW RLD RLD-mk 0.55% ETFs: Rules-based investment approach targets diversified long-term capital appreciation by avoiding companies with low-quality earnings and slow growth. Canadian ETF RCE RCE-mk 0.39% ETF RUE RUE-mk 0.39% ETF RUE.u RUE U-mk 0.39% ETF RHS RHS-mk 0.39% ETF RIE RIE-mk 0.49% ETF RIE.u RIE U-mk 0.49% ETF RHF RHF-mk 0.49% Emerging Markets ETF NEW RXE RXE-mk 0.64% Emerging Markets ETF NEW RXE.u RXE U-mk 0.64% RBC Strategic Global ETF NEW RLE RLE-mk 0.55% 1 The RBC Target 2016 Bond ETF had its management fee reduced to 0. effective January 1, 2016 in accordance with its prospectus, as it entered its maturity year. Invest with Canada s leading provider of solutions.* Backed by disciplined and experienced investment teams.

To find out more about RBC ETFs visit www.rbcgam.com/etfs or call 1-855-722-3837 *Source: RBC Global Asset Management, IFIC. Based on AUM including IFIC money market, fixed, -oriented balanced and -oriented equity mutual fund solutions plus -oriented ETF solutions as of June 30, 2015. 2015 Lipper Award was based on best risk-adjusted performance for the period ended July 31, 2015 for RBC Target Maturity Bond ETFs (2015-2020). Lipper Inc. is a Thomson Reuters company. FTSE TMX Canada 2016 Maturity, FTSE TMX Canada 2017 Maturity, FTSE TMX Canada 2018 Maturity, FTSE TMX Canada 2019 Maturity, FTSE TMX Canada 2020 Maturity and FTSE TMX Canada 2021 Maturity are trademarks of TSX Inc., a subsidiary of TMX Group Inc., and have been licensed for use for certain purposes to RBC Global Asset Management Inc. by FTSE TMX Global Debt Capital Markets Inc. The RBC ETFs are not sponsored, endorsed, sold or promoted by FTSE TMX Global Debt Capital Markets Inc., FTSE International Limited, TMX Group Inc. or their affiliates, or third party data suppliers and they make no representation, warranty or condition regarding the advisability of investing in the RBC ETFs. Commissions, management fees and expenses all may be associated with investments in exchange traded funds (ETFs). Please read the prospectus or Fund Facts document before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. ETF units are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns. RBC ETFs are managed by RBC Global Asset Management Inc., an indirect wholly-owned subsidiary of Royal Bank of Canada. RBC ETFs are available across Canada. The information contained in this article does not constitute an offer or solicitation to buy or sell any investment fund, security or other product, service or information to any resident of the or the U.K. or to anyone in any jurisdiction in which an offer or solicitation is not authorized or cannot legally be made or to any person to whom it is unlawful to make an offer or solicitation. The information is not intended to provide specific financial, investment, tax, legal or accounting advice for you, and should not be relied upon in that regard. You should not act or rely on the information without seeking the advice of a professional. / TM Trademark(s) of Royal Bank of Canada. Used under licence. RBC Global Asset Management Inc. 2016 105345CL (01/2016) 015GAM241_105345CL (03-2016)_ETF_Brochure_EN_v1_2 03/31/2016