RBC North American Dividend GIF

June 30, 2010
Fund Manager Mgmt Exp. Ratio (MER)
RBC Life Insurance Company 2.85%
 

Underlying Fund Manager
RBC Asset Management Inc.

Underlying Portfolio Manager
Cameron Hurst, Brad Willock and James Learmonth

Investment Category
North American Equity

Current Underlying Fund
RBC North American Dividend

Investment Objective of the Underlying Fund
To achieve long-term capital growth and regular dividend income by investing primarily in common and preferred shares of major Canadian and/or U.S. companies with above-average dividend yields.

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

2.70%

Norfolk Southern

2.31%

Express Scripts

2.30%

U.S. Treasury, April 29, 2010

2.10%

AmerisourceBergen

2.07%

Qwest Communications Intl.

2.04%

Microsoft

1.94%

General Electric

1.85%

Bank of America

1.81%

Apple

1.74%

Total

20.86%
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
 YTD1 Mo3 Mo1 Yr3 Yr5 Yr10 YrIncep.
RBC North American Dividend GIF-6.95%-4.61%-8.27%1.03%----9.74% (10/07)
RBC North American Dividend (underlying fund, inception: October 2001)-6.21%-4.58%-8.23%2.58%-9.94%-0.91%-4.21% (10/01)
Portfolio of the Underlying Fund as of February 28, 2010

Equity Sectors 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.