Month End %
| A Shares (4/19/2004) |
-0.98 |
12.29 |
1.46 |
21.13 |
-1.34 |
5.95 |
8.60 |
1.59 |
1.32 |
| C Shares (4/19/2004) |
-1.03 |
12.03 |
0.70 |
20.21 |
-2.07 |
5.17 |
7.79 |
2.34 |
2.07 |
| S Shares (9/10/1987) |
-0.93 |
12.43 |
1.77 |
21.46 |
-1.09 |
6.23 |
8.87 |
1.34 |
1.07 |
| Russell 2000 Value Index |
-1.45 |
9.98 |
-4.06 |
18.77 |
-0.49 |
6.07 |
- |
- |
- |
| Russell Microcap Value Index |
-0.81 |
13.63 |
-4.08 |
18.36 |
-3.13 |
5.90 |
- |
- |
- |
Quarter End %
| A Shares * (4/19/2004) |
6.87 |
6.87 |
-2.21 |
25.83 |
-2.02 |
5.96 |
8.41 |
| C Shares ** (4/19/2004) |
12.20 |
12.20 |
1.96 |
27.35 |
-1.60 |
5.80 |
7.86 |
| S Shares (9/10/1987) |
13.48 |
13.48 |
4.00 |
28.64 |
-0.60 |
6.86 |
8.94 |
| Russell 2000 Value Index |
11.59 |
11.59 |
-1.07 |
25.36 |
0.01 |
6.59 |
- |
| Russell Microcap Value Index |
14.56 |
14.56 |
-2.91 |
24.90 |
-2.84 |
6.50 |
- |
* Includes 5.75% Maximum Sales Charge
** Includes 1% CDSC for 12 months
Returns by Quarter Without Sales Charge
| 2Q 2011 |
-1.63 |
| 3Q 2011 |
-18.10 |
| 4Q 2011 |
13.55 |
| 1Q 2012 |
13.40 |
1 The Funds expenses reflect the most recent fiscal year-end (September 30, 2011).
2 The Adviser has contractually agreed to waive fees and/or make payments in order to keep total operating expenses of the Fund to the levels listed under net expense ratio until January 31, 2013.
Performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than performance quoted. Class A reflects a maximum 5.75% sales charge. Class C reflects a sales charge of 1% CDSC for shares redeemed within 12 months of purchase. Performance shown reflects contractual fee waivers, without such fee waivers total returns would be reduced. Performance information does not reflect the 2% fee on shares redeemed or exchanged within 30 days of purchase. If such redemption fee was included, performance would be reduced.
The inception date for Class A, Class C and Class R Shares is April 19, 2004. All performance shown for each class of shares prior to each respective inception date is based on the performance of the Class S Shares, adjusted to reflect each share class fees, expenses, and maximum sales charges.
Performance for periods prior to April 19, 2004 reflects the performance of the Shadow Stock Fund, the predecessor to the RBC Microcap Value Fund.
The Russell 2000 Value Index is an unmanaged index that measures the performance of small cap companies in the Russell 3000 Index with lower price-to-book ratios and lower forecasted growth rates. You can not invest directly in this index.
Mutual fund investing involves risk. Principal loss is possible. Investing in micro cap companies involves additional risks, including greater fluctuations in value and lack of liquidity. These risks are more fully described in the prospectus.
RBC Global Asset Management (U.S.) Inc. serves as investment adviser for RBC Funds. The RBC Funds are distributed by Quasar Distributors, LLC, an affiliate of U.S. Bancorp Fund Services, LLC.
NOT FDIC INSURED. NO BANK GUARANTEE. MAY LOSE VALUE.