Toronto

London

Minneapolis

Chicago

Boston

Vancouver

Hong Kong

Exchange-traded funds

Investment management expertise

Awards

OUR GLOBAL PRESENCECanada | U.S. | Europe | Asia

Mutual funds

200

6

200

8

200

9

2011

2013

2014

2017

2018 20

1974182

204253

285

363422 422

474

over

200 Mutual funds

Breadth of capabilities

AUM growth over time1

($Billions)

$474+ billionGLOBAL ASSETS UNDER MANAGEMENT (AUM)1

Canadian Fixed Income

High Yield & Corporate Bonds

U.S. Government Bonds

U.S. Corporate Bonds

Global Bonds

Emerging Markets Bonds

Currency Solutions

Canadian Equity

U.S. Equity

U.S. Small Cap Equity

U.S. Mid Cap Equity

European Equities

Global Equities

International Equities

Emerging Markets Equities

Asian Equities

Japanese Equities

Global Resources & Precious Metals

Quantitative Investing

Socially Responsible Investing

Alternative Investments

$72+ BAUM3

Environmental, social and governance (ESG)We integrate ESG factors throughout our investment

process and work as active, engaged owners.

31,699total ballot items voted2

Our active approach to proxy voting: Collaboratively engaged with companies

372

times

Individually engaged with

over

6002

companies

Best Overall Group4 for 10 of the past 13 years

PH&N Funds 2010-2013, 2016, 2018, 2019RBC Funds 2007, 2008, 2014

Best Bond Group4 for 11 of the past 13 years

PH&N Funds 2007, 2008, 2010-2013, 2016, 2018, 2019 RBC GAM 2015 | RBC Funds 2009

LIPPER FUND AWARDSFROM REFINITIV

Specialty research and development teams

5Investment professionals 345+ 23

Investment teams

$258+ BCANADIAN AUM1

180+ ETF Tickers

HNW_NRG_C_Inset_Mask

By the numbers

017GAM090_119733 (03-2020)_GAMStoRY_InFoG_ACS_tABloId_En_v1_3 05/11/2020

119733 (03/2020)

Our evolution in investment management

1986§ Royal Trust

Advantage Fund launches (later becomes RBC Select Portfolios in 2003)

1986

1967§ RoyFund Ltd.

is founded

1967

2008§ Acquires

Phillips, Hager & North Investment Management Ltd.

2008

2009§ Expands emerging market equity capabilities in U.K.

(Philippe Langham, Head, Emerging Market Equities joins london team)

§ Sarah Riopelle, who heads the Investment Solutions team, begins managing RBC Portfolio Solutions

§ voyageur Asset Management Inc. changes its name to RBC GAM (US)

2009

2010§ Acquires U.K.-based

firm BlueBay Asset Management LLP

§ PH&n amalgamates with RBC Asset Management Inc. to form RBC Global Asset Management Inc.

2010

2011§ launches first suite of exchange-traded

funds (EtFs)

§ Eric Lascelles, Chief Economist joins firm

§ Grows Quantitative capabilities (Bill Tilford joins as Head of Quantitative Investments with 11 team members)

2011

2012-2013§ Establishes Corporate

Governance and Responsible Investment Group

§ Expands Asian Equity capabilities (Mayur Nallamala, Head, Asian Equities, joins firm with 10 team members)

2012-2013

2014§ Strengthens Global Equity

capabilities (Habib Subjally, Head, Global Equities, and team of nine join RBC GAM (UK))

§ RBC GAM (US) announces $50 million Impact Investing Initiative

2014

2015§ Signs United

Nations Principles for Responsible Investment (UNPRI)

2015

1997§ Expands Global Fixed

Income and Currency capabilities (Dagmara Fijalkowski, current Head of Global Fixed Income and Currencies joins firm)

1997

1988§ Royal Bank Investment

Management (RBIM) is founded through consolidation of UB&S and other RBC holdings

1988

2000§ london office

opens and European equities team established

2000

2001§ Acquires

Voyageur Asset Management Inc., U.S. institutional platform

§ RBIM changes name to RBC GIM (RBC Global Investment Management)

2001 2017

2017§ Establishes in-house

Innovation Lab

2007

2007§ Grows European equity

capabilities (Dominic Wallington, Head, European Equities joins RBC GAM (UK))

1959§ United Bond & Share

Limited (UB&S) established to manage United Corp. ltd. (UCl) asset portfolios

1959

2002-2003§ RBC Asset Management

(RBC AM) is created through amalgamation of RBC holdings (including RBC GIM)

§ Daniel E. Chornous, Chief Investment officer joins firm

§ Strengthens north American equity capabilities (Stuart Kedwell and Doug Raymond, now Co-Heads, north American Equities join Canadian equity team)

2002-2003

2018§ Grows Real Estate

Equity investment capabilities (Michael Kitt joins as Head, Real Estate Equity Investments)

2018

2019§ Establishes the

RBC iShares alliance to deliver the most comprehensive EtF offering in the Canadian marketplace.

2019

1 As of December 31, 2019. RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC) and includes RBC Global Asset Management Inc. (RBC GAM Inc.), an indirect wholly owned subsidiary of RBC. Canadian AUM refers to assets managed in RBC GAM Inc. mutual funds including RBC Portfolio Solutions. 2 2019 data. Our reported number of ESG engagements increased significantly from 2018 figures due to improvements in engagement tracking capabilities. The reported figure may not fully capture all ESG engagements as some may not be included in our tracking systems. Engagements purely on non-ESG factors are excluded. 3 As of December 31, 2019. 4 The Lipper Awards were based on best risk-adjusted performance for the periods ended July 31, 2019, 2018, 2016, 2015 and 2014; October 31, 2012, 2011 and 2010; November 30, 2009; and December 31, 2008, 2007 and 2006. Lipper Awards from Refinitiv, ©2019 Refinitiv. All rights reserved. Used under license.

RBC iShares ETFs are comprised of RBC ETFs managed by RBC Global Asset Management Inc. and iShares ETFs managed by BlackRock Asset Management Canada Limited. RBC Funds, BlueBay Funds and PH&N Funds are offered by RBC Global Asset Management Inc. and distributed through authorized dealers. Commissions, trailing commissions, management fees and expenses all may be associated with investing in mutual funds and exchange-traded funds (ETFs). Please read the relevant prospectus before investing. Mutual funds and ETFs are not guaranteed, their values change frequently and past performance may not be repeated. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional.® / TM Trademark(s) of Royal Bank of Canada. Used under licence. iSHARES is a registered trademark of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. Used under licence. © 2020 RBC Global Asset Management Inc. and BlackRock Asset Management Canada Limited. All rights reserved.