Month End %

Average Annual Total Returns as of 1/31/2012
	Returns							Expense Ratios		SEC Yield
	Month End	YTD	1 Year	3 Year	5 Year	10 Year	Since Incep.	Gross1	Net2	30 Day
A Shares (1/28/2009)	0.55	0.55	5.32	5.78	5.36	4.72	4.97	1.03	1.03	3.67
I Shares (6/30/1998)	0.47	0.47	5.58	6.04	5.53	4.90	5.26	0.78	0.78	4.05

Quarter End %

Standardized Total Returns as of 12/31/2011
	Returns							SEC Yield
	Quarter End	YTD	1 Year	3 Year	5 Year	10 Year	Since Incep.	30 Day
A Shares * (1/28/2009)	-3.09	0.75	0.75	4.64	4.45	4.37	4.66	3.81
I Shares (6/30/1998)	0.85	5.07	5.07	6.22	5.44	4.97	5.25	4.20
Barclays Capital U.S. Aggregate Bond Index	1.12	7.84	7.84	6.77	6.50	5.78	-	-
Barclays Capital U.S. Securitized Index	1.01	6.22	6.22	6.84	6.36	5.62	-	-

* Includes 3.75% Maximum Sales Charge

Distributions¹

Record Date	Pay Date	Monthly	Year-To-Date
Daily (A-Shares)	12/31/2011	$0.034444740	$0.436721529
Daily (I-Shares)	12/31/2011	$0.036473193	$0.460546363

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 perfromance 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. The performance in the table 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 Fund distributions are taxable to you in the same manner whether received in cash or reinvested in additional Fund shares. A distribution will be treated as paid to you on December 31 of the current calendar year if it is declared by the Fund in October, November or December with a record date in such a month and paid by the Fund during January of the following calendar year. Each year, the Fund will notify you of the tax status of dividends and other distributions. You will recognize taxable gain or loss on a sale or redemption of your shares in the Fund, based on the difference between your tax basis in the shares and the amount you receive for them. Generally, you will recognize a long-term capital gain or loss if you have held your fund shares for over twelve months at the time you sell them. To aid in computing your tax basis, you generally should retain your account statements for the period during which you held shares. Fund distributions also may be subject to state, local and foreign taxes. In many states, Fund distributions that are derived from interest on certain U.S. Government obligations are exempt from taxation. You should consult a tax adviser regarding the particular tax consequences of an investment in the Fund.

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.