Investment Strategy

Key Features

• Investors may target their investment by geography
  -Requires minimum investment of $500,000 for A Shares
• Currently, the Fund is national in scope with investments in 46 states and 1 territory

Cumulative Community Impact - Access Capital
Community Investment Fund (6.30.98 - 12.31.11)

11,746	Low- to Moderate-Income Home Buyers
9,621	Affordable Rental Units
27	Rural Housing
88	Rural Enterprise
328	SBA Loans
56	Economic Development
14	Community-Based Not-For-Profit Organizations

Daily Prices

As of 2/7/2012	NAV	$ Change	% Change
A Shares	$9.75	$0.00	0.00%
I Shares	$9.74	$0.00	0.00%

CLICK ON THE PERFORMANCE TAB ABOVE FOR STANDARDIZED PERFORMANCE. Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be found at the link above or by calling 800-422-2766.

Security Description

	Ticker	CUSIP	Inception Date
A Shares	ACASX	74926P779	1/28/2009
I Shares	ACCSX	74926P761	6/30/1998

Annual Fund Operating Expenses
	A	I
Management Fees1	0.63%	0.63%
Other Expenses (includes 0.07% Interest Expense)2	0.15%	0.15%
Distribution & Service (12b-1) Fees	0.25%	0.00%
Total Annual Fund Operating Expenses	1.03%	0.78%

Current Access Capital Community Investment Fund shareholders can access their account information here.

The Barclays Capital U.S. Securitized Index is an unmanaged index that tracks the performance of mortgage-backed pass-through securities issued by Ginnie Mae, Fannie Mae, and Freddie Mac, investment-grade bonds and asset-backed securities. The Barclays Capital U.S. Aggregate Bond Index is an unmanaged index that tracks the performance of a representative list of government, corporate, asset-backed and mortgage-backed securities. One cannot invest directly in an index.

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.

The Fund commenced operations on July 28, 2008. Performance shown reflects the performance of Access Capital Strategies Community Investment Fund, Inc., the predecessor to the Fund. From its inception, June 23, 1998, until May 30, 2006, the predecessor fund elected status as a business development company. From May 31, 2006 until July 27, 2008, the predecessor fund operated as a continuously offered closed-end interval management company. If the predecessor fund had operated as an open-end management company, performance may have been adversely affected. Fund performance reflects applicable fee waivers/expense reimbursements which, if excluded, would cause performance to be lower. 
 
¹ The Fund pays the Advisor an advisory fee at the annual rate of 0.50% of the Fund’s average monthly gross assets less accrued liabilities, other than indebtedness for borrowing. For the year ending September 30, 2011, the use of leverage increased this ratio to 0.63% of the Fund’s average monthly gross assets less accrued liabilities, including indebtedness for borrowing. If the Fund did not use leverage, the annual Management Fees ratio would have been 0.50%.

² The Advisor has agreed to waive or limit fees through January 31, 2013, to maintain Other Expenses, excluding Interest Expense, Management Fees or Distribution and Service (12b-1) Fees, at 0.20% of the Fund’s average monthly gross assets less accrued liabilities, other than indebtedness for borrowing. The Fund will carry forward, for a period not to exceed 12 months from the date on which a waiver or reimbursement is made by the Advisor, any expenses in excess of the expense limitation and repay the Advisor such amounts, provided the Fund is able to effect such repayment and remain in compliance with the expense limitation disclosed in the effective prospectus.
Mutual fund investing involves risk.  Principal loss is possible. Bond investments are subject to interest-rate risk such that when interest rates rise, the prices of the bonds, and thus the value of the bond fund, can decline and the investor can lose principal value. In general, the risk of price fluctuation increases with the length of the bond’s maturity. Investment in the Fund involves risks including, but not limited to: the effects of leveraging the Fund’s portfolio; concentration in the affordable housing market and related mortgage backed securities; competition for investments; interest rate risk; and use of derivatives. 

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.