RBC Bond GIF

June 30, 2010

Fund Manager	Mgmt Exp. Ratio (MER)
RBC Life Insurance Company	1.75%

Underlying Fund Manager
RBC Asset Management Inc.

Underlying Portfolio Manager
Glob Fxd Inc & Curr Committee

Investment Category
Canadian Fixed Income

Current Underlying Fund
RBC Bond

Investment Objective of the Underlying Fund
To provide above average, long-term total returns consisting of interest income and moderate capital growth. It invests primarily in high-quality fixed-income securities issued by Canadian governments and corporations. It may also invest in similar securities outside of Canada.

Top Holdings of the Underlying Fund
as at February 28, 2010

Gov't of Canada, 3.75%, June 1, 2019
2.64%

Gov't of Canada, 3.50%, June 1, 2020
2.58%

Bank of Nova Scotia, 5.04%, April 8, 2013
2.30%

Province of Ontario, 4.70%, June 2, 2037
2.09%

Province of Quebec, 4.50%, December 1, 2019
1.91%

Gov't of Canada, 4.00%, June 1, 2041
1.82%

Province of Ontario, 3.25%, September 8, 2014
1.81%

Canada Housing Trust, 4.10%, December 15, 2018
1.63%

Royal Bank of Canada, 5.06%, July 17, 2013
1.57%

Gov't of Canada, 3.50%, June 1, 2013
1.48%

Total
19.83%

Overall Past Performance
The following line graph shows the growth of a hypothetical $10,000 investment in the fund.

Past Performance Information
Year-by-Year Returns (%)
The following chart shows, in percentage terms, how much an investment made on January 1 in each year would have grown or decreased by December 31 in that year.

Compound Annual Returns as of June 30, 2010

	YTD	1 Mo	3 Mo	1 Yr	3 Yr	5 Yr	10 Yr	Incep.
RBC Bond GIF	3.27%	1.69%	1.96%	7.59%	5.28%	-	-	4.12% (09/06)
RBC Bond (underlying fund)	3.68%	1.77%	2.21%	8.28%	5.87%	3.90%	4.96%	8.16% (11/72)

Portfolio of the Underlying Fund as of February 28, 2010

NB: The performance history of the underlying fund(s) have been included for reference purpose only. The performance of the segregated fund will always vary from that of the underlying fund due to timing differences between purchases/redemptions of both funds, and the higher costs of the segregated fund in terms of the guaranteed benefits and certain administrative costs which are exclusive to the segregated fund. Past performance is not indicative of future returns.