0000897101-12-002191.txt : 20121220 0000897101-12-002191.hdr.sgml : 20121220 20121220161222 ACCESSION NUMBER: 0000897101-12-002191 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20121220 DATE AS OF CHANGE: 20121220 EFFECTIVENESS DATE: 20121220 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RBC FUNDS TRUST CENTRAL INDEX KEY: 0001272950 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-111986 FILM NUMBER: 121277442 BUSINESS ADDRESS: STREET 1: 100 SOUTH FIFTH STREET STREET 2: SUITE 2300 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 612-313-1341 MAIL ADDRESS: STREET 1: 100 SOUTH FIFTH STREET STREET 2: SUITE 2300 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 FORMER COMPANY: FORMER CONFORMED NAME: TAMARACK FUNDS TRUST DATE OF NAME CHANGE: 20031212 0001272950 S000001804 RBC SMID Cap Growth Fund C000004723 A Shares TMCAX C000004724 I Shares TMCIX 0001272950 S000001811 RBC Enterprise Fund C000004738 A Shares TETAX C000034084 I Shares TETIX 0001272950 S000001812 RBC Small Cap Core Fund C000004742 A Shares TEEAX C000004745 I Shares RCSIX 0001272950 S000001814 RBC Microcap Value Fund C000004750 A Shares TMVAX C000004753 I Shares RMVIX 0001272950 S000022825 Access Capital Community Investment Fund C000066097 Class I ACCSX C000074294 Class A ACASX 0001272950 S000027288 RBC Mid Cap Value Fund C000082323 Class I RBMVX 497 1 rbc125017s3_497.htm 497

Law Offices

 

Stradley, Ronon, Stevens & Young, LLP

 

2005 One Commerce Square, Suite 2600

Philadelphia, Pennsylvania 19103-7098

Telephone: (215) 564-8000

Fax: (215) 564-8120

 

Angela N. Velez, Esq.

(215) 564-8691

avelez@stradley.com

 

1933 Act Rule 497(c)

1933 Act File No. 333-111986

1940 Act File No. 811-21475

 

December 20, 2012

 

VIA EDGAR

 

Filing Desk

U.S. Securities and Exchange Commission

100 F Street, NE

Washington, DC 20549

 

  Re: RBC Funds Trust (the “Registrant”)  
    SEC File Nos. 333-111986 and 811-21475  
    Rule 497(c) filing  

 

Ladies and Gentlemen:

 

Enclosed for filing pursuant to Rule 497(c) under the Securities Act of 1933, as amended, (the “1933 Act”) are exhibits containing interactive data format risk/return summary information that reflect the risk/return summary information in the Prospectus dated November 27, 2012, relating to the RBC Equity Funds and the RBC BlueBay Funds, series of the Registrant, as filed pursuant to Rule 497(c) under the 1933 Act on December 3, 2012 (Accession Number: 0000897101-12-002091).

 

Please direct questions or comments relating to this filing to me at the above-referenced telephone number.

 

  Very truly yours,  
     
  /s/ Angela N. Velez  
     
  Angela N. Velez  

 

 

 

 

 

 
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0.0350 0.0438 0.0523 0.0530 0.0619 0.0562 0.0662 0.0755 0.0562 0.0538 0.0628 0.0640 0.0578 0.0562 0.0497 0.0437 0.0296 0.0306 0.0533 0.0529 0.0635 0.0625 0.0542 0.0557 0.0312 0.0309 <div class="MetaData"> <p><font class="_mt" size="2"><b>Performance Information</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>Performance Information</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><font class="_mt" size="2"><b>Performance Information</b></font></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><font class="_mt" size="2"><b>Performance Information</b></font></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>Performance Information</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><font class="_mt" size="2"><b>Performance Information</b></font></font></p></div> <div> <div class="MetaData"> <p><font class="_mt" size="2"><b>During the periods shown in the chart for the RBC SMID Cap Growth Fund &#8211; Class A:</b></font></p> <table border="0" cellspacing="0" cellpadding="0" width="80%"> <tr style="font-size: 1px;"><td valign="bottom" width="62%"> <p>&nbsp;</p></td> <td valign="bottom" width="3%"> <p>&nbsp;</p></td> <td valign="bottom" width="8%"> <p align="right">&nbsp;</p></td> <td valign="bottom" width="3%"> <p>&nbsp;</p></td> <td valign="bottom" width="6%"> <p align="right">&nbsp;</p></td> <td valign="bottom" width="3%"> <p>&nbsp;</p></td> <td valign="bottom" width="9%"> <p align="right">&nbsp;</p></td> <td valign="bottom" width="1%"> <p>&nbsp;</p></td></tr> <tr><td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p align="right"><font class="_mt" size="1"><b>Quarter</b></font></p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p align="right"><font class="_mt" size="1"><b>Year</b></font></p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p align="right"><font class="_mt" size="1"><b>Returns</b></font></p></td> <td valign="bottom"> <p>&nbsp;</p></td></tr> <tr><td valign="bottom"> <p><font class="_mt" size="2">Best quarter:</font></p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p align="right"><font class="_mt" size="2">Q2</font></p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p align="right"><font class="_mt" size="2">2003</font></p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p align="right"><font class="_mt" size="2">17.48</font></p></td> <td valign="bottom"> <p><font class="_mt" size="2">%</font></p></td></tr> <tr><td style="border-bottom: black 1px solid;" valign="bottom"> <p><font class="_mt" size="2">Worst quarter:</font></p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p>&nbsp;</p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p align="right"><font class="_mt" size="2">Q4</font></p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p>&nbsp;</p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p align="right"><font class="_mt" size="2">2008</font></p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p>&nbsp;</p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p align="right"><font class="_mt" size="2">-28.41</font></p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p><font class="_mt" size="2">%</font></p></td></tr></table> <p><font class="_mt" size="2">The <font class="_mt">year-to-date return </font>of Class A shares (excluding sales charges) as of <font class="_mt">September 30, 2012 </font>was <font class="_mt">15.77</font>%. </font></p></div> </div> <div> <div class="MetaData"> <div> <p><font class="_mt" size="2"><b>During the periods shown in the chart for the RBC Enterprise Fund &#8211; Class I:</b></font></p> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 1px;"><td valign="bottom" width="49%"> <p>&nbsp;</p></td> <td valign="bottom" width="3%"> <p>&nbsp;</p></td> <td valign="bottom" width="1%"> <p>&nbsp;</p></td> <td valign="bottom" width="11%"> <p align="right">&nbsp;</p></td> <td valign="bottom" width="3%"> <p>&nbsp;</p></td> <td valign="bottom" width="1%"> <p>&nbsp;</p></td> <td valign="bottom" width="11%"> <p align="right">&nbsp;</p></td> <td valign="bottom" width="3%"> <p>&nbsp;</p></td> <td valign="bottom" width="1%"> <p>&nbsp;</p></td> <td valign="bottom" width="11%"> <p align="right">&nbsp;</p></td> <td valign="bottom" width="2%"> <p>&nbsp;</p></td></tr> <tr><td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom" colspan="2"> <p align="right"><font class="_mt" size="1"><b>Quarter</b></font></p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom" colspan="2"> <p align="right"><font class="_mt" size="1"><b>Year</b></font></p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom" colspan="2"> <p align="right"><font class="_mt" size="1"><b>Returns</b></font></p></td> <td valign="bottom"> <p>&nbsp;</p></td></tr> <tr><td valign="bottom"> <p><font class="_mt" size="2">Best quarter:</font></p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p align="right"><font class="_mt" size="2">Q2</font></p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p align="right"><font class="_mt" size="2">2009</font></p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p align="right"><font class="_mt" size="2">27.91</font></p></td> <td valign="bottom"> <p><font class="_mt" size="2">%</font></p></td></tr> <tr><td style="border-bottom: black 1px solid;" valign="bottom"> <p><font class="_mt" size="2">Worst quarter:</font></p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p>&nbsp;</p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p>&nbsp;</p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p align="right"><font class="_mt" size="2">Q4</font></p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p>&nbsp;</p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p>&nbsp;</p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p align="right"><font class="_mt" size="2">2008</font></p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p>&nbsp;</p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p>&nbsp;</p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p align="right"><font class="_mt" size="2">-26.11</font></p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p><font class="_mt" size="2">%</font></p></td></tr></table></div> <p><font class="_mt" size="2">The <font class="_mt">year-to-date return </font>of Class I shares as of&nbsp;<font class="_mt">September 30, 2012</font> was <font class="_mt">20.82</font>%.</font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2"><b>During the periods shown in the chart for the RBC Small Cap Core Fund &#8211; Class I:</b></font></p> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 1px;"><td valign="bottom" width="59%"> <p>&nbsp;</p></td> <td valign="bottom" width="3%"> <p>&nbsp;</p></td> <td valign="bottom" width="1%"> <p>&nbsp;</p></td> <td valign="bottom" width="7%"> <p align="right">&nbsp;</p></td> <td valign="bottom" width="3%"> <p>&nbsp;</p></td> <td valign="bottom" width="1%"> <p>&nbsp;</p></td> <td valign="bottom" width="7%"> <p align="right">&nbsp;</p></td> <td valign="bottom" width="3%"> <p>&nbsp;</p></td> <td valign="bottom" width="1%"> <p>&nbsp;</p></td> <td valign="bottom" width="7%"> <p align="right">&nbsp;</p></td> <td valign="bottom" width="3%"> <p>&nbsp;</p></td></tr> <tr><td valign="bottom"> <p align="center">&nbsp;</p></td> <td valign="bottom"> <p align="center">&nbsp;</p></td> <td valign="bottom" colspan="2"> <p align="center"><font class="_mt" size="1"><b>Quarter</b></font></p></td> <td valign="bottom"> <p align="center">&nbsp;</p></td> <td valign="bottom" colspan="2"> <p align="center"><font class="_mt" size="1"><b>Year</b></font></p></td> <td valign="bottom"> <p align="center">&nbsp;</p></td> <td valign="bottom" colspan="2"> <p align="center"><font class="_mt" size="1"><b>Returns</b></font></p></td> <td valign="bottom"> <p align="center">&nbsp;</p></td></tr> <tr><td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p align="right">&nbsp;</p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p align="right">&nbsp;</p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p align="right">&nbsp;</p></td> <td valign="bottom"> <p>&nbsp;</p></td></tr> <tr><td valign="bottom"> <p><font class="_mt" size="2">Best quarter:</font></p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p align="right"><font class="_mt" size="2">Q2</font></p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p align="right"><font class="_mt" size="2">2009</font></p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p align="right"><font class="_mt" size="2">28.47</font></p></td> <td valign="bottom"> <p><font class="_mt" size="2">%</font></p></td></tr> <tr><td style="border-bottom: black 1px solid;" valign="bottom"> <p><font class="_mt" size="2">Worst quarter:</font></p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p>&nbsp;</p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p>&nbsp;</p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p align="right"><font class="_mt" size="2">Q4</font></p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p>&nbsp;</p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p>&nbsp;</p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p align="right"><font class="_mt" size="2">2008</font></p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p>&nbsp;</p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p>&nbsp;</p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p align="right"><font class="_mt" size="2">-26.15</font></p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p><font class="_mt" size="2">%</font></p></td></tr></table> <p><font class="_mt" size="2">The&nbsp;<font class="_mt">year-to-date return</font> of Class I shares as of&nbsp;<font class="_mt">September 30, 2012</font> was <font class="_mt">11.06</font>%.</font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2"><b>During the periods shown in the chart for the RBC Microcap Value Fund &#8211; Class I: </b></font></p> <div> <table class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 1px;"><td valign="bottom" width="60%"> <p>&nbsp;</p></td> <td valign="bottom" width="3%"> <p>&nbsp;</p></td> <td valign="bottom" width="1%"> <p>&nbsp;</p></td> <td valign="bottom" width="7%"> <p align="right">&nbsp;</p></td> <td valign="bottom" width="3%"> <p>&nbsp;</p></td> <td valign="bottom" width="1%"> <p>&nbsp;</p></td> <td valign="bottom" width="7%"> <p align="right">&nbsp;</p></td> <td valign="bottom" width="3%"> <p>&nbsp;</p></td> <td valign="bottom" width="1%"> <p>&nbsp;</p></td> <td valign="bottom" width="7%"> <p align="right">&nbsp;</p></td> <td valign="bottom" width="2%"> <p>&nbsp;</p></td></tr> <tr><td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p align="right"><font class="_mt" size="1"><b>Quarter</b></font></p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p align="right"><font class="_mt" size="1"><b>Year</b></font></p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p align="right"><font class="_mt" size="1"><b>Returns</b></font></p></td> <td valign="bottom"> <p>&nbsp;</p></td></tr> <tr><td class="MetaData" valign="bottom"> <p><font class="_mt" size="2">Best quarter:</font></p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p align="right"><font class="_mt" size="2">Q2</font></p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p align="right"><font class="_mt" size="2">2009</font></p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td class="MetaData" valign="bottom"> <p align="right"><font class="_mt" size="2">26.17</font></p></td> <td valign="bottom"> <p><font class="_mt" size="2">%</font></p></td></tr> <tr><td style="border-bottom: black 1px solid;" class="MetaData" valign="bottom"> <p><font class="_mt" size="2">Worst quarter:</font></p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p>&nbsp;</p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p>&nbsp;</p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p align="right"><font class="_mt" size="2">Q4</font></p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p>&nbsp;</p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p>&nbsp;</p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p align="right"><font class="_mt" size="2">2008</font></p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p>&nbsp;</p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p>&nbsp;</p></td> <td style="border-bottom: black 1px solid;" class="MetaData" valign="bottom"> <p align="right"><font class="_mt" size="2">-<font class="_mt">29.79</font></font></p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p><font class="_mt" size="2">%</font></p></td></tr></table></div> <p><font class="_mt" size="2">The&nbsp;<font class="_mt">year-to-date</font> return of Class I shares as of&nbsp;<font class="_mt">September 30, 2012</font> was <font class="_mt">17.07</font>%.</font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2"><b>During the periods shown in the chart for the Fund:</b></font></p> <table border="0" cellspacing="0" cellpadding="0" width="84%"> <tr style="font-size: 1px;"><td valign="bottom" width="61%"> <p>&nbsp;</p></td> <td valign="bottom" width="3%"> <p>&nbsp;</p></td> <td valign="bottom" width="1%"> <p>&nbsp;</p></td> <td valign="bottom" width="7%"> <p align="right">&nbsp;</p></td> <td valign="bottom" width="3%"> <p>&nbsp;</p></td> <td valign="bottom" width="1%"> <p>&nbsp;</p></td> <td valign="bottom" width="7%"> <p align="right">&nbsp;</p></td> <td valign="bottom" width="3%"> <p>&nbsp;</p></td> <td valign="bottom" width="1%"> <p>&nbsp;</p></td> <td valign="bottom" width="7%"> <p align="right">&nbsp;</p></td> <td valign="bottom" width="2%"> <p>&nbsp;</p></td></tr> <tr><td valign="bottom"> <p align="center">&nbsp;</p></td> <td valign="bottom"> <p align="center">&nbsp;</p></td> <td valign="bottom" colspan="2"> <p align="center"><font class="_mt" size="1"><b>Quarter</b></font></p></td> <td valign="bottom"> <p align="center">&nbsp;</p></td> <td valign="bottom" colspan="2"> <p align="center"><font class="_mt" size="1"><b>Year</b></font></p></td> <td valign="bottom"> <p align="center">&nbsp;</p></td> <td valign="bottom" colspan="2"> <p align="center"><font class="_mt" size="1"><b>Returns</b></font></p></td> <td valign="bottom"> <p align="center">&nbsp;</p></td></tr> <tr><td valign="bottom"> <p><font class="_mt" size="2">Best quarter:</font></p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p align="right"><font class="_mt" size="2">Q2</font></p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p align="right"><font class="_mt" size="2">2002</font></p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p align="right"><font class="_mt" size="2">3.83</font></p></td> <td valign="bottom"> <p><font class="_mt" size="2">%</font></p></td></tr> <tr><td style="border-bottom: black 1px solid;" valign="bottom"> <p><font class="_mt" size="2">Worst quarter:</font></p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p>&nbsp;</p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p>&nbsp;</p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p align="right"><font class="_mt" size="2">Q2</font></p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p>&nbsp;</p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p>&nbsp;</p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p align="right"><font class="_mt" size="2">2004</font></p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p>&nbsp;</p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p>&nbsp;</p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p align="right"><font class="_mt" size="2">-1.27</font></p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p><font class="_mt" size="2">%</font></p></td></tr></table> <p><font class="_mt" size="2">The year-to-date return of Class I shares as of September 30, 2012 was 3.73%.</font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2"><b>During the periods shown in the chart for the RBC Mid Cap Value Fund &#8211; Class I: </b></font></p> <table border="0" cellspacing="0" cellpadding="0" width="70%"> <tr style="font-size: 1px;"><td valign="bottom" width="50%"> <p>&nbsp;</p></td> <td valign="bottom" width="3%"> <p>&nbsp;</p></td> <td valign="bottom" width="1%"> <p>&nbsp;</p></td> <td valign="bottom" width="8%"> <p align="right">&nbsp;</p></td> <td valign="bottom" width="3%"> <p>&nbsp;</p></td> <td valign="bottom" width="1%"> <p>&nbsp;</p></td> <td valign="bottom" width="8%"> <p align="right">&nbsp;</p></td> <td valign="bottom" width="4%"> <p>&nbsp;</p></td> <td valign="bottom" width="1%"> <p>&nbsp;</p></td> <td valign="bottom" width="14%"> <p align="right">&nbsp;</p></td> <td valign="bottom" width="2%"> <p>&nbsp;</p></td></tr> <tr><td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom" colspan="2"> <p align="center"><font class="_mt" size="1"><b>Quarter</b></font></p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom" colspan="2"> <p align="center"><font class="_mt" size="1"><b>Year</b></font></p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom" colspan="2"> <p align="center"><font class="_mt" size="1"><b>Returns</b></font></p></td> <td valign="bottom"> <p>&nbsp;</p></td></tr> <tr><td valign="bottom"> <p><font class="_mt" size="2">Best quarter:</font></p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p align="right"><font class="_mt" size="2">Q4</font></p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p align="right"><font class="_mt" size="2">2011</font></p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p>&nbsp;</p></td> <td valign="bottom"> <p align="right"><font class="_mt" size="2">18.10</font></p></td> <td valign="bottom"> <p><font class="_mt" size="2">%</font></p></td></tr> <tr><td style="border-bottom: black 1px solid;" valign="bottom"> <p><font class="_mt" size="2">Worst quarter:</font></p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p>&nbsp;</p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p>&nbsp;</p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p align="right"><font class="_mt" size="2">Q3</font></p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p>&nbsp;</p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p>&nbsp;</p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p align="right"><font class="_mt" size="2">2011</font></p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p>&nbsp;</p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p>&nbsp;</p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p align="right"><font class="_mt" size="2">-23.41</font></p></td> <td style="border-bottom: black 1px solid;" valign="bottom"> <p><font class="_mt" size="2">%</font></p></td></tr></table> <p><font class="_mt" size="2">The&nbsp;<font class="_mt">year-to-date return</font> of Class I shares as of&nbsp;<font class="_mt">September 30, 2012</font> was <font class="_mt">11.54</font>%.</font></p></div> </div> Sales charges are not reflected in the bar chart, and if those charges had been included, the returns would be less than those shown below. <div class="MetaData"> <p><font class="_mt" size="2"><b>RBC SMID Cap Growth Fund &#8211; Class A<br />Annual Total Returns</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>RBC Enterprise Fund &#8211; Class I<br />Annual Total Returns</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>RBC Microcap Value Fund &#8211; Class I<br />Annual Total Returns</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>Annual Total Returns for Class I Shares</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>RBC Mid Cap Value Fund &#8211; Class I<br />Annual Total Returns</b></font></p></div> 0.1748 0.2791 0.2847 0.2617 0.0383 0.1810 2003-03-31 2009-03-31 2009-03-31 2009-03-31 2002-03-31 2011-09-30 -0.2841 -0.2611 -0.2615 -0.2979 -0.0127 -0.2341 2008-09-30 2008-09-30 2008-09-30 2008-09-30 2004-03-31 2011-06-30 <div> &lt;div style="display:none;" &gt;~ http://www.rbcgam.us/role/ScheduleAnnualTotalReturnsRbcSmidCapGrowthFundBarChart column period compact * column primary compact * row dei_LegalEntityAxis compact cik0001272950_S000001804Member row rr_ProspectusShareClassAxis compact * ~&lt;/div&gt; </div> <div> &lt;div style="display:none;" &gt;~ http://www.rbcgam.us/role/ScheduleAnnualTotalReturnsRbcEnterpriseFundBarChart column period compact * column primary compact * row dei_LegalEntityAxis compact cik0001272950_S000001811Member row rr_ProspectusShareClassAxis compact * ~&lt;/div&gt; </div> <div> &lt;div style="display:none;" &gt;~ http://www.rbcgam.us/role/ScheduleAnnualTotalReturnsRbcSmallCapCoreFundBarChart column period compact * column primary compact * row dei_LegalEntityAxis compact cik0001272950_S000001812Member row rr_ProspectusShareClassAxis compact * ~&lt;/div&gt; </div> <div> &lt;div style="display:none;" &gt;~ http://www.rbcgam.us/role/ScheduleAnnualTotalReturnsRbcMicrocapValueFundBarChart column period compact * column primary compact * row dei_LegalEntityAxis compact cik0001272950_S000001814Member row rr_ProspectusShareClassAxis compact * ~&lt;/div&gt; </div> <div> &lt;div style="display:none;" &gt;~ http://www.rbcgam.us/role/ScheduleAnnualTotalReturnsAccessCapitalCommunityInvestmentFundBarChart column period compact * column primary compact * row dei_LegalEntityAxis compact cik0001272950_S000022825Member row rr_ProspectusShareClassAxis compact * ~&lt;/div&gt; </div> <div> &lt;div style="display:none;" &gt;~ http://www.rbcgam.us/role/ScheduleAnnualTotalReturnsRbcMidCapValueFundBarChart column period compact * column primary compact * row dei_LegalEntityAxis compact cik0001272950_S000027288Member row rr_ProspectusShareClassAxis compact * ~&lt;/div&gt; </div> 0.1577 0.2082 0.1106 0.1707 0.0373 0.1154 2012-09-30 2012-09-30 2012-09-30 2012-09-30 2012-09-30 2012-09-30 0.0025 0 0.0025 0 0.0025 0 0.0025 0 0 0.0025 0 You may qualify for sales charge discounts on purchases of Class A shares of the Fund if you and your family invest, or agree to invest in the future, at least $<font class="_mt">25,000</font> in Class A shares of the Funds in this prospectus. You may qualify for sales charge discounts on purchases of Class A shares of the Fund if you and your family invest, or agree to invest in the future, at least $<font class="_mt">25,000</font> in Class A shares of the Funds in this prospectus. You may qualify for sales charge discounts on purchases of Class A shares of the Fund if you and your family invest, or agree to invest in the future, at least $<font class="_mt">25,000</font> in Class A shares of the Funds in this prospectus. You may qualify for sales charge discounts on purchases of Class A shares of the Fund if you and your family invest, or agree to invest in the future, at least $<font class="_mt">25,000</font> in Class A shares of the Funds in this prospectus. You may qualify for sales charge discounts on purchases of Class A shares of the Fund if you and your family invest, or agree to invest in the future, at least $<font class="_mt">100,000</font> in the Fund. 25000 25000 25000 25000 100000 <div class="MetaData"> <p><font class="_mt" size="2"><i><b>Example: </b></i></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><i><b>Example:</b></i></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><i><b>Example:</b></i> </font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><i><b>Example:</b></i> </font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><i><b>Example:</b></i> </font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><i><b>Example:</b> </i></font></p></div> <div> <div class="MetaData"> <p><font class="_mt" size="2">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The costs for the Fund reflect the net expenses of the Fund that result from the contractual expense limitation in the first year only. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The costs for the Fund reflect the net expenses of the Fund that result from the contractual expense limitation in the first year only. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% <font class="_mt" size="2">return each year and that the Fund's operating expenses remain the same. The costs for the Fund reflect the net expenses of the Fund that result from the contractual expense limitation in the first year only. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</font></font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The costs for the Fund reflect the net expenses of the Fund that result from the contractual expense limitation in the first year only. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The costs for the Fund reflect the net expenses of the Fund that result from the contractual expense waiver and assumption in the first year only. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The costs for the Fund reflect the net expenses of the Fund that result from the contractual expense limitation in the first year only. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</font></p></div> </div> <div> &lt;div style="display:none;" &gt;~ http://www.rbcgam.us/role/ScheduleExpenseExampleTransposedRbcSmidCapGrowthFund row period compact * row dei_LegalEntityAxis compact cik0001272950_S000001804Member row rr_ProspectusShareClassAxis compact * column primary compact * ~&lt;/div&gt; </div> <div> &lt;div style="display:none;" &gt;~ http://www.rbcgam.us/role/ScheduleExpenseExampleTransposedRbcEnterpriseFund row period compact * row dei_LegalEntityAxis compact cik0001272950_S000001811Member row rr_ProspectusShareClassAxis compact * column primary compact * ~&lt;/div&gt; </div> <div> &lt;div style="display:none;" &gt;~ http://www.rbcgam.us/role/ScheduleExpenseExampleTransposedRbcSmallCapCoreFund row period compact * row dei_LegalEntityAxis compact cik0001272950_S000001812Member row rr_ProspectusShareClassAxis compact * column primary compact * ~&lt;/div&gt; </div> <div> &lt;div style="display:none;" &gt;~ http://www.rbcgam.us/role/ScheduleExpenseExampleTransposedRbcMicrocapValueFund row period compact * row dei_LegalEntityAxis compact cik0001272950_S000001814Member row rr_ProspectusShareClassAxis compact * column primary compact * ~&lt;/div&gt; </div> <div> &lt;div style="display:none;" &gt;~ http://www.rbcgam.us/role/ScheduleExpenseExampleTransposedAccessCapitalCommunityInvestmentFund row period compact * row dei_LegalEntityAxis compact cik0001272950_S000022825Member row rr_ProspectusShareClassAxis compact * column primary compact * ~&lt;/div&gt; </div> <div> &lt;div style="display:none;" &gt;~ http://www.rbcgam.us/role/ScheduleExpenseExampleTransposedRbcMidCapValueFund row period compact * row dei_LegalEntityAxis compact cik0001272950_S000027288Member row rr_ProspectusShareClassAxis compact * column primary compact * ~&lt;/div&gt; </div> 705 112 703 110 685 92 702 109 80 476 92 1028 403 1022 397 1013 388 1025 400 249 691 1194 1374 715 1364 705 1364 705 1371 713 433 922 2289 2346 1602 2325 1580 2349 1605 2344 1600 966 1587 4998 <div class="MetaData"> <p><font class="_mt" size="2"><b>Fees and Expenses of the Fund</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>Fees and Expenses of the Fund</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>Fees and Expenses of the Fund</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>Fees and Expenses of the Fund</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>Fees and Expenses of the Fund</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>Fees and Expenses of the Fund</b></font></p></div> <div> <div class="MetaData"> <p><font class="_mt" size="2">This table describes fees and expenses that you may pay if you buy and hold shares of the Fund.&nbsp;<font class="_mt">You may qualify for sales charge discounts on purchases of Class A shares of the Fund if you and your family invest, or agree to invest in the future, at least $<font class="_mt">25,000</font> in Class A shares of the Funds in this prospectus.</font> More information about these and other discounts is available from your financial professional and under the subheading "Reducing the Initial Sales Charge on Purchases of Class A Shares" on page 50 of this prospectus.</font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2">This table describes fees and expenses that you may pay if you buy and hold shares of the Fund.&nbsp;<font class="_mt">You may qualify for sales charge discounts on purchases of Class A shares of the Fund if you and your family invest, or agree to invest in the future, at least $<font class="_mt">25,000</font> in Class A shares of the Funds in this prospectus.</font> More information about these and other discounts is available from your financial professional and under the subheading "Reducing the Initial Sales Charge on Purchases of Class A Shares" on page 50 of this prospectus. </font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2">This table describes fees and expenses that you may pay if you buy and hold shares of the Fund.&nbsp;<font class="_mt">You may qualify for sales charge discounts on purchases of Class A shares of the Fund if you and your family invest, or agree to invest in the future, at least $<font class="_mt">25,000</font> in Class A shares of the Funds in this prospectus.</font> More information about these and other discounts is available from your financial professional and under the subheading "Reducing the Initial Sales Charge on Purchases of Class A Shares" on page 50 of this prospectus.</font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2">This table describes fees and expenses that you may pay if you buy and hold shares of the Fund.&nbsp;<font class="_mt">You may qualify for sales charge discounts on purchases of Class A shares of the Fund if you and your family invest, or agree to invest in the future, at least $<font class="_mt">25,000</font> in Class A shares of the Funds in this prospectus.</font> More information about these and other discounts is available from your financial professional and under the subheading "Reducing the Initial Sales Charge on Purchases of Class A Shares" on page 50 of this prospectus.</font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2">This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.&nbsp;<font class="_mt">You may qualify for sales charge discounts on purchases of Class A shares of the Fund if you and your family invest, or agree to invest in the future, at least $<font class="_mt">100,000</font> in the Fund.</font> More information about these and other discounts is available from your financial professional and under the subheading "Reducing the Initial Sales Charge on Purchases of Class A Shares" section on page 29 of this prospectus.</font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2">This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.</font></p></div> </div> 0.016 0.0135 0.0158 0.0133 0.0162 0.0137 0.016 0.0135 0.0078 0.0103 0.0531 -0.0025 -0.0025 -0.0025 -0.0025 -0.0047 -0.0047 -0.0028 -0.0028 0 0 -0.0441 January 31, 2014 January 31, 2014 January 31, 2014 January 31, 2014 January 31, 2014 January 31, 2014 Best quarter: Best quarter: Best quarter: Best quarter: Best quarter Best quarter: Worst quarter: Worst quarter: Worst quarter: Worst quarter: Worst quarter Worst quarter: 0.007 0.007 0.0093 0.0093 0.0085 0.0085 0.009 0.009 0.0062 0.0062 0.007 0 0 0 0 0 0 0 0 0 0 0 0.0575 0 0.0575 0 0.0575 0 0.0575 0 0 0.0375 0 0.0135 0.011 0.0133 0.0108 0.0115 0.009 0.0132 0.0107 0.0078 0.0103 0.009 <div class="MetaData"> <p><font class="_mt" size="2"><b>Investment Objective</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>Investment Objective</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>Investment Objective</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>Investment Objective</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>Investment Objective</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>Investment Objective</b></font></p></div> <div> <div class="MetaData"> <p><font class="_mt" size="2">The Fund seeks long-term capital appreciation.</font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2">The Fund seeks long-term growth of capital. </font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2">The Fund seeks long-term growth of capital.</font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2">The Fund seeks long-term growth of capital.</font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2">The Fund seeks to invest in geographically specific debt securities located in portions of the United States designated by Fund shareholders.</font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2">The Fund seeks long-term capital appreciation.</font></p></div> </div> <div class="MetaData"> <p> </p> <table border="0" cellspacing="0" cellpadding="0" width="95%"> <tr bgcolor="#d6f3e8"><td valign="bottom"> <p><font class="_mt" size="2"><b>Annual Fund Operating Expenses </b><br />(expenses that you pay each year as a percentage of the value of your investment)</font></p></td></tr></table></div> <div class="MetaData"> <p> </p> <table border="0" cellspacing="0" cellpadding="0" width="91%"> <tr><td valign="bottom"> <p><font class="_mt" size="2"><b>Annual Fund Operating Expenses</b><br />(expenses that you pay each year as a percentage of the value of your investment)</font></p></td></tr></table></div> <div class="MetaData"> <p style="font-family: 'Times New Roman','serif'; margin-left: 0in; font-size: 12pt; margin-right: 0in;"><b><font style="font-size: 10pt;" class="_mt">Annual Fund Operating Expenses</font></b><font style="font-size: 10pt;" class="_mt"><br />(expenses that you pay each year as a percentage of the value of your investment)</font></p></div> <div class="MetaData"> <p style="font-family: 'Times New Roman','serif'; margin-left: 0in; font-size: 12pt; margin-right: 0in;"><b><font style="font-size: 10pt;" class="_mt">Annual Fund Operating Expenses</font></b><font style="font-size: 10pt;" class="_mt"><br />(expenses that you pay each year as a percentage of the value of your investment)</font></p></div> <div class="MetaData"> <p> </p> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td bgcolor="#d6f3e8" valign="bottom"> <p style="margin-left: 8.65pt;"><font class="_mt" size="2"><b>Annual Fund Operating Expenses</b> <br />(expenses that you pay each year as a percentage of the value of your investment)</font></p></td></tr></table></div> <div class="MetaData"> <p> </p> <table border="0" cellspacing="0" cellpadding="0" width="95%"> <tr bgcolor="#d6f3e8"><td valign="bottom"> <p><font class="_mt" size="2"><b>Annual Fund Operating Expenses </b><br />(expenses that you pay each year as a percentage of the value of your investment)</font></p></td></tr></table></div> 0.0065 0.0065 0.004 0.004 0.0052 0.0052 0.0045 0.0045 0.0016 0.0016 0.0461 <font style="white-space: nowrap;" class="_mt">1-800-422-2766</font> <font style="white-space: nowrap;" class="_mt">1-800-422-2766</font> <font style="white-space: nowrap;" class="_mt">1-800-422-2766</font> <font style="white-space: nowrap;" class="_mt">1-800-422-2766</font> <font style="white-space: nowrap;" class="_mt">1-800-422-2766</font> <font style="white-space: nowrap;" class="_mt">1-800-422-2766</font> <u>www.rbcgam.us</u> <u>www.rbcgam.us</u> <u><a href="www.rbcgam.us">www.rbcgam.us</a></u> <a>www.rbcgam.us</a> <u>www.rbcgam.us</u> <u>www.rbcgam.us</u> <font class="_mt" size="2">The bar chart and performance table provide an indication of the risks of an investment in the Fund by showing changes in performance from year to year and by showing how the Fund's average annual total returns (before and after taxes) compare with those of a broad-based securities index.&nbsp;</font> <font class="_mt" size="2">The bar chart and performance table provide an indication of the risks of an investment in the Fund by showing changes in performance from year to year and by showing how the Fund's average annual total returns (before and after taxes) compare with those of a broad-based securities index. </font> <font class="_mt" size="2">The bar chart and performance table provide an indication of the risks of an investment in the Fund by showing changes in performance from year to year and by showing how the Fund's average annual total returns (before and after taxes) compare with those of a broad-based securities index. </font> <font class="_mt" size="2">The bar chart and performance table provide an indication of the risks of an investment in the Fund by showing changes in performance from year to year and by showing how the Fund's average annual total returns (before and after taxes) compare with those of a broad-based securities index. </font> <font class="_mt" size="2">The bar chart and performance table provide an indication of the risks of an investment in the Fund by showing changes in performance from year to year and by showing how the Fund's average annual total returns (before and after taxes) compare with those of broad-based securities indexes. </font> <font class="_mt" size="2">The bar chart and performance table provide an indication of the risks of an investment in the Fund by showing changes in performance from year to year and by showing how the Fund's average annual total returns (before and after taxes) compare with those of a broad-based securities index. </font> <div> <div class="MetaData"> <p><font class="_mt" size="2"><font class="_mt"><font class="_mt" size="2">The bar chart and performance table provide an indication of the risks of an investment in the Fund by showing changes in performance from year to year and by showing how the Fund's average annual total returns (before and after taxes) compare with those of a broad-based securities index.&nbsp;</font></font><font class="_mt">Sales charges are not reflected in the bar chart, and if those charges had been included, the returns would be less than those shown below.</font> The returns for the Fund for the periods prior to April 19, 2004 reflect the performance of predecessor funds.&nbsp;<font class="_mt">Past performance (before and after taxes) does not indicate how the Fund will perform in the future.</font> Updated information on the Fund's performance can be obtained by visiting&nbsp;<font class="_mt"><u>www.rbcgam.us</u></font> or by calling <font class="_mt"><font style="white-space: nowrap;" class="_mt">1-800-422-2766</font></font>.</font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2"><font class="_mt"><font class="_mt" size="2">The bar chart and performance table provide an indication of the risks of an investment in the Fund by showing changes in performance from year to year and by showing how the Fund's average annual total returns (before and after taxes) compare with those of a broad-based securities index. </font></font>The returns for the Fund for the periods prior to September 30, 2004 reflect the performance of a predecessor fund.&nbsp;<font class="_mt">Past performance (before and after taxes) does not indicate how the Fund will perform in the future.</font> Updated information on the Fund's performance can be obtained by visiting&nbsp;<font class="_mt"><u>www.rbcgam.us</u></font> or by calling <font class="_mt"><font style="white-space: nowrap;" class="_mt">1-800-422-2766</font></font>.</font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2"><font class="_mt"><font class="_mt" size="2">The bar chart and performance table provide an indication of the risks of an investment in the Fund by showing changes in performance from year to year and by showing how the Fund's average annual total returns (before and after taxes) compare with those of a broad-based securities index. </font></font>The returns for the Fund for the periods prior to April 19, 2004 reflect the performance of a predecessor fund.&nbsp;<font class="_mt">Past performance (before and after taxes) does not indicate how the Fund will perform in the future.</font> Updated information on the Fund's performance can be obtained by visiting&nbsp;<font class="_mt"><u><a href="www.rbcgam.us">www.rbcgam.us</a></u></font> or by calling <font class="_mt"><font style="white-space: nowrap;" class="_mt">1-800-422-2766</font></font>.</font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2"><font class="_mt"><font class="_mt" size="2">The bar chart and performance table provide an indication of the risks of an investment in the Fund by showing changes in performance from year to year and by showing how the Fund's average annual total returns (before and after taxes) compare with those of a broad-based securities index. </font></font>The returns for the Fund for the periods prior to April 19, 2004 reflect the performance of a predecessor fund.&nbsp;<font class="_mt">Past performance (before and after taxes) does not indicate how the Fund will perform in the future.</font> Updated information on the Fund's performance can be obtained by visiting&nbsp;<font class="_mt"><a>www.rbcgam.us</a></font> or by calling <font class="_mt"><font style="white-space: nowrap;" class="_mt">1-800-422-2766</font></font>.</font></p><br /></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2"><font class="_mt"><font class="_mt" size="2">The bar chart and performance table provide an indication of the risks of an investment in the Fund by showing changes in performance from year to year and by showing how the Fund's average annual total returns (before and after taxes) compare with those of broad-based securities indexes. </font></font>The Fund commenced operations on July 28, 2008 and the performance reflects the returns of a predecessor fund for the periods prior to July 28, 2008. The Fund's performance was restated in September 2009 to reflect (i) corrections in the amounts of certain historical dividend payments, and (ii) corrections to dates during the 2003 through 2006 time period on which certain dividend payments were reinvested.&nbsp;<font class="_mt">Past performance (before and after taxes) does not indicate how the Fund will perform in the future.</font> Updated information on the Fund's performance can be obtained by visiting <font class="_mt"><u>www.rbcgam.us</u> </font>or by calling <font class="_mt"><font style="white-space: nowrap;" class="_mt">1-800-422-2766</font></font>.</font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2"><font class="_mt"><font class="_mt" size="2">The bar chart and performance table provide an indication of the risks of an investment in the Fund by showing changes in performance from year to year and by showing how the Fund's average annual total returns (before and after taxes) compare with those of a broad-based securities index. </font></font>Past performance (before and after taxes) does not indicate how the Fund will perform in the future. Updated information on the Fund's performance can be obtained by visiting&nbsp;<font class="_mt"><u>www.rbcgam.us</u></font> or by calling <font class="_mt"><font style="white-space: nowrap;" class="_mt">1-800-422-2766</font></font>.</font></p></div> </div> Past performance (before and after taxes) does not indicate how the Fund will perform in the future. Past performance (before and after taxes) does not indicate how the Fund will perform in the future. Past performance (before and after taxes) does not indicate how the Fund will perform in the future. Past performance (before and after taxes) does not indicate how the Fund will perform in the future. Past performance (before and after taxes) does not indicate how the Fund will perform in the future. In some cases, returns after taxes on distributions and sale of Fund shares may be higher than returns before taxes because the calculations assume that the investor received a tax benefit for any loss incurred on the sale of the shares. In some cases, returns after taxes on distributions and sale of Fund shares may be higher than returns before taxes because the calculations assume that the investor received a tax benefit for any loss incurred on the sale of the shares. <div class="MetaData"> <p><font class="_mt" size="2"><b>Performance Table </b></font></p></div> <font class="_mt" size="2"><b>Performance Table</b></font> <div class="MetaData"> <p><font class="_mt" size="2"><b>Performance Table</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>Performance Table</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>Performance Table</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>Performance Table</b></font></p></div> <div> <div class="MetaData"> <p><font class="_mt" size="2"><font class="_mt"><font class="_mt" size="2">The table below shows after-tax returns for Class A shares only and assumes applicable maximum sales charges. After-tax returns for Class I shares will vary.</font></font>&nbsp;<font class="_mt">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font>&nbsp;<font class="_mt">Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements, such as qualified retirement plans.</font> In some cases, returns after taxes on distributions and sale of Fund shares may be higher than returns before taxes because the calculations assume that the investor received a tax benefit for any loss incurred on the sale of the shares. The inception date of the Fund (Class A and Class I) is December 31, 1990. </font></p> <p><font class="_mt" size="2"><b>Average Annual Total Returns (for the periods ended December 31, 2011)<sup>1</sup></b></font></p></div> </div> <div> <div class="MetaData"> <div> <p><font class="_mt" size="2"><font class="_mt"><font class="_mt" size="2">The table below shows after-tax returns for Class I shares only. After-tax returns for Class A shares assume applicable maximum sales charges.&nbsp;</font></font><font class="_mt">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font>&nbsp;<font class="_mt">Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements, such as qualified retirement plans.</font> In some cases, returns after taxes on distributions and sale of Fund shares may be higher than returns before taxes because the calculations assume that the investor received a tax benefit for any loss incurred on the sale of the shares. Performance shown for periods prior to the inception date of Class A (<font class="_mt">April 19, 2004</font>) and Class I (<font class="_mt">September 30, 2004</font>) is based on the performance of a class of shares that is no longer offered, adjusted to reflect the fees and expenses and any applicable sales charges of the applicable class. The inception date of the Fund and the prior class of shares is December 2, 1983.</font></p></div> <p><font class="_mt" size="2"><b>Average Annual Total Returns (for the periods ended December 31, 2011)</b></font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2"><font class="_mt"><font class="_mt" size="2">The table below shows after-tax returns for Class I shares only. </font></font>After-tax returns for Class A shares assume applicable maximum sales charges.&nbsp;<font class="_mt">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font>&nbsp;<font class="_mt">Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors <font class="_mt" size="2">who hold Fund shares through tax-deferred arrangements, such as qualified retirement plans.</font></font><font class="_mt" size="2">&nbsp;<font class="_mt">In some cases, returns after taxes on distributions and sale of Fund shares may be higher than returns before taxes because the calculations assume that the investor received a tax benefit for any loss incurred on the sale of the shares.</font> Class I shares were previously designated Class S shares prior to November 27, 2012. The inception date of the Fund (Class S) is August 5, 1991. Performance shown for periods prior to the inception date of Class A (April 19, 2004) is based on the performance of Class S shares, adjusted to reflect the fees and expenses and any applicable sales charges of the applicable class. </font></font></p> <div> <p><font class="_mt" size="2"><b>Average Annual Total Returns (for the periods ended December 31, 2011)</b></font></p></div></div> </div> <div> <div class="MetaData"> <div> <p><font class="_mt" size="2"><font class="_mt"><font class="_mt" size="2">The table below shows after-tax returns for Class I shares only.</font></font>&nbsp;<font class="_mt">After-tax returns for Class A shares assume applicable maximum sales charges.&nbsp;<font class="_mt">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font></font>&nbsp;<font class="_mt">Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements, such as qualified retirement plans.</font>&nbsp;<font class="_mt">In some cases, returns after taxes on distributions and sale of Fund shares may be higher than returns before taxes because the calculations assume that the investor received a tax benefit for any loss incurred on the sale of the shares.</font> Class I shares were previously designated Class S shares prior to November 27, 2012. The inception date of the Fund (Class S) is September 10, 1987. Performance shown for periods prior to the inception date of Classes A (April 19, 2004) is based on the performance of Class S shares, adjusted to reflect the fees and expenses and any applicable sales charges of the applicable class. </font></p></div> <p><font class="_mt" size="2"><b>Average Annual Total Returns (for the periods ended December 31, 2011)</b></font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2"><font class="_mt"><font class="_mt" size="2">The table below shows after-tax returns for Class I shares. After-tax returns for Class A shares will differ.&nbsp;</font></font><font class="_mt">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font>&nbsp;<font class="_mt">Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold fund shares through tax-deferred arrangements such as qualified retirement plans.</font> The inception date of the Fund (Class I) is <font class="_mt">July 1, 1998</font>. Performance shown for Class A prior to its inception date (<font class="_mt">January 29, 2009</font>) is based on the performance of Class I shares, adjusted to reflect the fees and expenses of Class A shares and the applicable sales charges. Each index below shows how the Fund's performance compares with the returns of a broad-based securities market index.</font></p> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 1px;"><td valign="top" width="50%"> <p>&nbsp;</p></td> <td valign="top" width="50%"> <p>&nbsp;</p></td></tr> <tr><td valign="top"> <p>&nbsp;</p></td> <td valign="top"> <p align="right">&nbsp;</p></td></tr></table> <p><font class="_mt" size="2"><b>Average Annual Total Returns (for the periods ended December 31, 2011)</b></font></p></div> </div> <div> <div class="MetaData"> <div> <p><font class="_mt" size="2">The table below shows after-tax returns for Class I shares.&nbsp;<font class="_mt">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.</font>&nbsp;<font class="_mt">Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements, such as qualified retirement plans.</font> In some cases, returns after taxes on distributions and sale of Fund shares may be higher than returns before taxes because the calculations assume that the investor received a tax benefit for any loss incurred on the sale of the shares. The inception date of the Fund is December 31, 2009. </font></p></div> <p><font class="_mt" size="2"><b>Average Annual Total Returns (for the periods ended December 31, 2011)</b></font></p></div> </div> Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements, such as qualified retirement plans. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements, such as qualified retirement plans. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors <font class="_mt" size="2">who hold Fund shares through tax-deferred arrangements, such as qualified retirement plans.</font> Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements, such as qualified retirement plans. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold fund shares through tax-deferred arrangements such as qualified retirement plans. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements, such as qualified retirement plans. <font class="_mt" size="2">The table below shows after-tax returns for Class A shares only and assumes applicable maximum sales charges. After-tax returns for Class I shares will vary.</font> <font class="_mt" size="2">The table below shows after-tax returns for Class I shares only. After-tax returns for Class A shares assume applicable maximum sales charges.&nbsp;</font> <font class="_mt" size="2">The table below shows after-tax returns for Class I shares only. </font> <font class="_mt" size="2">The table below shows after-tax returns for Class I shares only.</font> <font class="_mt" size="2">The table below shows after-tax returns for Class I shares. After-tax returns for Class A shares will differ.&nbsp;</font> <div> &lt;div style="display:none;" &gt;~ http://www.rbcgam.us/role/ScheduleAverageAnnualTotalReturnsTransposedRbcSmidCapGrowthFund row period compact * row primary compact * column dei_LegalEntityAxis compact cik0001272950_S000001804Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * ~&lt;/div&gt; </div> <div> &lt;div style="display:none;" &gt;~ http://www.rbcgam.us/role/ScheduleAverageAnnualTotalReturnsTransposedRbcEnterpriseFund row period compact * row primary compact * column dei_LegalEntityAxis compact cik0001272950_S000001811Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * ~&lt;/div&gt; </div> <div> &lt;div style="display:none;" &gt;~ http://www.rbcgam.us/role/ScheduleAverageAnnualTotalReturnsTransposedRbcSmallCapCoreFund row period compact * row primary compact * column dei_LegalEntityAxis compact cik0001272950_S000001812Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * ~&lt;/div&gt; </div> <div> &lt;div style="display:none;" &gt;~ http://www.rbcgam.us/role/ScheduleAverageAnnualTotalReturnsTransposedRbcMicrocapValueFund row period compact * row primary compact * column dei_LegalEntityAxis compact cik0001272950_S000001814Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * ~&lt;/div&gt; </div> <div> &lt;div style="display:none;" &gt;~ http://www.rbcgam.us/role/ScheduleAverageAnnualTotalReturnsTransposedAccessCapitalCommunityInvestmentFund row period compact * row primary compact * column dei_LegalEntityAxis compact cik0001272950_S000022825Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * ~&lt;/div&gt; </div> <div> &lt;div style="display:none;" &gt;~ http://www.rbcgam.us/role/ScheduleAverageAnnualTotalReturnsTransposedRbcMidCapValueFund row period compact * row primary compact * column dei_LegalEntityAxis compact cik0001272950_S000027288Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * ~&lt;/div&gt; </div> After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. <div class="MetaData"> <p><font class="_mt" size="2"><b>Portfolio Turnover</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>Portfolio Turnover</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>Portfolio Turnover</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>Portfolio Turnover</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>Portfolio Turnover</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>Portfolio Turnover</b></font></p></div> 0.1000 0.1300 0.3500 0.0500 0.2000 1.6000 <div> <div class="MetaData"> <p><font class="_mt" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was <font class="_mt">10</font>% of the average value of its portfolio.</font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was <font class="_mt">13</font>% of the average value of its portfolio.</font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was <font class="_mt">35</font>% of the average value of its portfolio.</font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was <font class="_mt">5</font>% of the average value of its portfolio.</font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was <font class="_mt">20</font>% of the average value of its portfolio.</font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was <font class="_mt">160</font>% of the average value of its portfolio.</font></p></div> </div> 2012-11-27 -0.02 -0.02 -0.02 -0.02 -0.02 -0.02 -0.02 -0.02 -0.02 <div class="MetaData"> <p><font class="_mt" size="2"><b>Principal Risks </b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>Principal Risks</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>Principal Risks</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>Principal Risks</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>Principal Risks</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>Principal Risks</b></font></p></div> <font class="_mt" size="2">The value of your investment in the Fund will change daily, which means that you could lose money.&nbsp;</font> <font class="_mt" size="2">The value of your investment in the Fund will change daily, which means that you could lose money.&nbsp;</font> <font class="_mt" size="2">The value of your investment in the Fund will change daily, which means that you could lose money.&nbsp;</font> <font class="_mt" size="2">The value of your investment in the Fund will change daily, which means that you could lose money.&nbsp;</font> <font class="_mt" size="2">The value of your investment in the Fund will change daily, which means that you could lose money.&nbsp;</font> <font class="_mt" size="2"><font class="_mt"><font class="_mt" size="2">The value of your investment in the Fund will change daily, which means that you could lose money</font></font>.&nbsp;</font> <div> <div class="MetaData"> <p><font class="_mt" size="2"><font class="_mt"><font class="_mt" size="2">The value of your investment in the Fund will change daily, which means that you could lose money.&nbsp;</font></font><font class="_mt"><b>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the FDIC or any other government agency.</b></font> By itself, the Fund is not a balanced investment program. There is no guarantee that the Fund will meet its goal. The principal risks of investing in the Fund include:</font></p> <p><font class="_mt" size="2"><i><b>Active Management Risk.</b></i> The Fund is actively managed and its performance therefore will reflect in part the Advisor's ability to make investment decisions that are suited to achieve the Fund's investment objective.</font></p> <p><font class="_mt" size="2"><i><b>Counterparty Risk.</b></i> The Fund is subject to the risk of the failure of any markets in which its positions trade, of their clearinghouses, of any counterparty or guarantor of the Fund's transactions or of any service provider to the Fund. Their inability or unwillingness to honor obligations can subject the Fund to credit losses incurred from late payments, failed payments and default. In times of general market turmoil, even large, well-established financial institutions may fail rapidly with little warning.</font></p> <div> <p><font class="_mt" size="2"><i><b>Government Intervention in Financial Markets Risk</b></i><b>.</b> Instability in the financial markets has led the U.S. Government to take unprecedented actions to support certain financial institutions and certain segments of the financial markets that experienced extreme volatility. Regulatory organizations may take future legislative or regulatory actions that may affect the operations of the Fund or the Fund's investments. Such actions could limit or preclude the Fund's ability to achieve its investment objective. </font></p> <p><font class="_mt" size="2"><i><b>Growth Investing Risk.</b></i> Growth stock prices reflect projections of future earnings or revenues, and can, therefore, fall dramatically if the company fails to meet those projections.</font></p> <p><font class="_mt" size="2"><i><b>Market Risk.</b></i> The markets in which the Fund invests may go down in value, sometimes sharply and unpredictably. The success of the Fund's investment program may be affected by general economic and market conditions, such as interest rates, availability of credit, inflation rates, economic uncertainty, changes in laws, and national and international political circumstances. Unexpected volatility or illiquidity could impair the Fund's profitability or result in losses.</font></p> <p><font class="_mt" size="2"><i><b>Mid-Sized Company Risk.</b></i> Stocks of mid-sized companies may carry greater risks than those of larger companies because mid-sized companies may have less management experience, competitive strengths and financial resources than larger companies. Mid-sized companies may also be more vulnerable to adverse business or economic events and may be more volatile than larger companies. </font></p> <p><font class="_mt" size="2"><i><b>Small Company Risk.</b></i> The value of securities issued by a smaller company may go up or down, sometimes rapidly and unpredictably as compared to more widely held securities of larger companies, due to narrow markets and limited resources of smaller companies. The Fund's investments in smaller companies subject it to greater levels of credit, market and issuer risk.</font></p></div></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2"><font class="_mt"><font class="_mt" size="2">The value of your investment in the Fund will change daily, which means that you could lose money.&nbsp;</font></font><font class="_mt"><b>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the FDIC or any other government agency.</b></font> By itself, the Fund is not a balanced investment program. There is no guarantee that the Fund will meet its goal. The principal risks of investing in the Fund include: </font></p> <p><font class="_mt" size="2"><i><b>Active Management Risk.</b></i> The Fund is actively managed and its performance therefore will reflect in part the Advisor's ability to make investment decisions that are suited to achieve the Fund's investment objective.</font></p> <p><font class="_mt" size="2"><i><b>Counterparty Risk.</b></i> The Fund is subject to the risk of the failure of any markets in which its positions trade, of their clearinghouses, of any counterparty or guarantor of the Fund's transactions or of any service provider to the Fund. Their inability or unwillingness to honor obligations can subject the Fund to credit losses incurred from late payments, failed payments and default. In times of general market turmoil, even large, well-established financial institutions may fail rapidly with little warning.</font></p> <p><font class="_mt" size="2"><i><b>Government Intervention in Financial Markets Risk</b></i><b>.</b> Instability in the financial markets has led the U.S. Government to take unprecedented actions to support certain financial institutions and certain segments of the financial markets that experienced extreme volatility. Regulatory organizations may take future legislative or regulatory actions that may affect the operations of the Fund or the Fund's investments. Such actions could limit or preclude the Fund's ability to achieve its investment objective.</font></p> <div> <p><font class="_mt" size="2"><i><b>Market Risk.</b></i> The markets in which the Fund invests may go down in value, sometimes sharply and unpredictably. The success of the Fund's investment program may be affected by general economic and market conditions, such as interest rates, availability of credit, inflation rates, economic uncertainty, changes in laws, and national and international political circumstances. Unexpected volatility or illiquidity could impair the Fund's profitability or result in losses.</font></p> <p><font class="_mt" size="2"><i><b>Small and Micro Company Risk.</b></i> Stocks of smaller and less seasoned companies involve greater risks than those of larger companies. These companies may not have the management experience, financial resources, product diversification and competitive strengths of larger companies. Smaller companies may be more sensitive to changes in the economy overall. Historically, small company stocks have been more volatile than those of larger companies. As a result, a Fund's net asset value may be subject to rapid and substantial changes. Small company stocks tend to be bought and sold less often and in smaller amounts than larger company stocks. Because of this, if a Fund wants to sell a large quantity of stock of a smaller company, the Fund may have to sell at a lower price than the Advisor might prefer, or it may have to sell in small quantities over a period of time. Small company risk can be intensified when investing in micro-cap companies. The prices of micro-cap stocks are generally more volatile and their markets are less liquid relative to larger companies. An investment in the Fund may involve considerably more risk of loss and its returns may differ significantly from funds investing in larger companies.</font></p></div></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2"><font class="_mt"><font class="_mt" size="2">The value of your investment in the Fund will change daily, which means that you could lose money.&nbsp;</font></font><font class="_mt"><b>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the FDIC or any other government agency.</b></font> By itself, the Fund is not a balanced investment program. There is no guarantee that the Fund will meet its goal. The principal risks of investing in the Fund include:</font></p> <p><font class="_mt" size="2"><i><b>Active Management Risk.</b></i> The Fund is actively managed and its performance therefore will reflect in part the Advisor's ability to make investment decisions that are suited to achieve the Fund's investment objective. </font></p> <p><font class="_mt" size="2"><i><b>Counterparty Risk.</b></i> The Fund is subject to the risk of the failure of any markets in which its positions trade, of their clearinghouses, of any counterparty or guarantor of the Fund's transactions or of any service provider to the Fund. Their inability or unwillingness to honor obligations can subject the Fund to credit losses incurred from late payments, failed payments and default. In times of general market turmoil, even large, well-established financial institutions may fail rapidly with little warning.</font></p> <p><font class="_mt" size="2"><i><b>Government Intervention in Financial Markets Risk</b></i><b>.</b> Instability in the financial markets has led the U.S. Government to take unprecedented actions to support certain financial institutions and certain segments of the financial markets that experienced extreme volatility. Regulatory organizations may take future legislative or regulatory actions that may affect the operations of the Fund or the Fund's investments. Such actions could limit or preclude the Fund's ability to achieve its investment objective. </font></p> <p><font class="_mt" size="2"><i><b>Market Risk.</b></i> The markets in which the Fund invests may go down in value, sometimes sharply and unpredictably. The success of the Fund's investment program may be affected by general economic and market conditions, such as interest rates, availability of credit, inflation rates, economic uncertainty, changes in laws, and national and <font class="_mt" size="2">international political circumstances. Unexpected volatility or illiquidity could impair the Fund's profitability or result in losses.</font></font></p> <div> <p><font class="_mt" size="2"><i><b>Small Company Risk.</b></i> The value of securities issued by a smaller company may go up or down, sometimes rapidly and unpredictably as compared to more widely held securities of larger companies, due to narrow markets and limited resources of smaller companies. The Fund's investments in smaller companies subject it to greater levels of credit, market and issuer risk.</font></p></div></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2"><font class="_mt"><font class="_mt" size="2">The value of your investment in the Fund will change daily, which means that you could lose money.&nbsp;</font></font><font class="_mt"><b>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the FDIC or any other government agency.</b></font> By itself, the Fund is not a balanced investment program. There is no guarantee that the Fund will meet its goal. The principal risks of investing in the Fund include:</font></p> <p><font class="_mt" size="2"><i><b>Active Management Risk.</b></i> The Fund is actively managed and its performance therefore will reflect in part the Advisor's ability to make investment decisions that are suited to achieve the Fund's investment objective. </font></p> <p><font class="_mt" size="2"><i><b>Counterparty Risk.</b></i> The Fund is subject to the risk of the failure of any markets in which its positions trade, of their clearinghouses, of any counterparty or guarantor of the Fund's transactions or of any service provider to the Fund. Their inability or unwillingness to honor obligations can subject the Fund to credit losses incurred from late payments, failed payments and default. In times of general market turmoil, even large, well-established financial institutions may fail rapidly with little warning.</font></p> <p><font class="_mt" size="2"><i><b>Government Intervention in Financial Markets Risk</b></i><b>.</b> Instability in the financial markets has led the U.S. Government to take unprecedented actions to support certain financial institutions and certain segments of the <font class="_mt" size="2">financial markets that experienced extreme volatility. Regulatory organizations may take future legislative or regulatory actions that may affect the operations of the Fund or the Fund's investments. Such actions could limit or preclude the Fund's ability to achieve its investment objective. </font></font></p> <div> <p><font class="_mt" size="2"><i><b>Market Risk.</b></i> The markets in which the Fund invests may go down in value, sometimes sharply and unpredictably. The success of the Fund's investment program may be affected by general economic and market conditions, such as interest rates, availability of credit, inflation rates, economic uncertainty, changes in laws, and national and international political circumstances. Unexpected volatility or illiquidity could impair the Fund's profitability or result in losses.</font></p> <p><font class="_mt" size="2"><i><b>Small and Micro Company Risk.</b></i> Stocks of smaller and less seasoned companies involve greater risks than those of larger companies. These companies may not have the management experience, financial resources, product diversification and competitive strengths of larger companies. Smaller companies may be more sensitive to changes in the economy overall. Historically, small company stocks have been more volatile than those of larger companies. As a result, a Fund's net asset value may be subject to rapid and substantial changes. Small company stocks tend to be bought and sold less often and in smaller amounts than larger company stocks. Because of this, if a Fund wants to sell a large quantity of stock of a smaller company, the Fund may have to sell at a lower price than the Advisor might prefer, or it may have to sell in small quantities over a period of time. Small company risk can be intensified when investing in micro-cap companies. The prices of micro-cap stocks are generally more volatile and their markets are less liquid relative to larger companies. An investment in the Fund may involve considerably more risk of loss and its returns may differ significantly from funds investing in larger companies.</font></p> <p><font class="_mt" size="2"><i><b>Value Investing Risk</b></i><b>.</b> Value stocks may not increase in price as anticipated by the Advisor if they fall out of favor with investors or the markets favor faster-growing companies.</font></p></div></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2"><font class="_mt"><font class="_mt" size="2">The value of your investment in the Fund will change daily, which means that you could lose money.&nbsp;</font></font><b><font class="_mt"><b>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation ("FDIC") or any other government agency.</b></font> </b>By itself, the Fund is not a balanced investment program. There is no guarantee that the Fund will meet its goal. The principal risks of investing in the Fund include:</font></p> <p><font class="_mt" size="2"><i><b>Active Management Risk.</b></i> The Fund is subject to management risk because it is an actively managed investment portfolio. The Advisor and each individual portfolio manager will apply investment techniques and risk analyses in making investment decisions for the Fund, but there can be no guarantee that these decisions will produce the desired results. Additionally, legislative, regulatory, or tax restrictions, policies or developments may affect the investment techniques available in connection with managing the Fund and may also adversely affect the ability of the Fund to achieve its investment objectives.</font></p> <p><font class="_mt" size="2"><i><b>Call Risk.</b></i> Call risk is the possibility that during periods of falling interest rates, issuers may call securities with higher coupon or interest rates before maturity. If a security is called, the Fund may have to reinvest the proceeds at lower interest rates resulting in a decline in the Fund's income.</font></p> <p><font class="_mt" size="2"><i><b>Concentration Risk.</b></i> The Fund's investments are expected to be closely tied to the affordable housing industry and its performance may be more volatile than the performance of a fund that does not concentrate its investments in a particular economic industry or sector.</font></p> <p><font class="_mt" size="2"><i><b>Coordination of Investments Risk.</b></i> Many of the fixed-income private placement debt securities purchased by the Fund are developed by a variety of organizations that rely on other entities. A lack of interest of other entities in developing investments could adversely affect the economic and financial objectives of the Fund. A limited or dwindling supply of funds available for credit enhancement on Fund investments may adversely affect full realization of the Fund's investment objective. Regulatory or statutory changes may affect the willingness or ability of housing related entities to work in the affordable housing private placement area. </font></p> <p><font class="_mt" size="2"><i><b>Counterparty Risk.</b></i> The Fund is subject to the risk of the failure of any markets in which its positions trade, of their clearinghouses, of any counterparty or guarantor to the Fund's transactions or of any service provider to the Fund. Their inability or unwillingness to honor obligations can subject the Fund to credit losses from late payments, failed payments or default. In times of general market turmoil, even large, well-established financial institutions may fail rapidly with little warning.</font></p> <p><font class="_mt" size="2"><i><b>CRA Strategy Risk.</b></i> Portfolio decisions take into account the Fund's goal of holding securities in designated geographic areas and will not be exclusively based on the investment characteristics of the securities, which may or may not have an adverse effect on the Fund's investment performance. CRA qualified securities in geographic areas sought by the Fund may not provide as favorable return as CRA qualified securities in other geographic areas. The Fund may sell securities for reasons relating to CRA qualification at times when such sales may not be desirable and may hold short-term investments that produce relatively low yields pending the selection of long-term investments believed to be CRA-qualified.<br /><br /><i><b>Duration Management Risk.</b></i> The Fund's investments in derivative instruments to manage duration can be significant. These transactions can result in sizeable realized and unrealized capital gains and losses relative to the gains and losses from the Fund's investments in bonds and other securities.</font></p> <div> <p><font class="_mt" size="2"><i><b>Government Intervention in Financial Markets Risk</b></i>. Instability in the financial markets has led the U.S. Government to take unprecedented actions to support certain financial institutions and certain segments of the financial markets that experienced extreme volatility. Regulatory organizations may take future legislative or regulatory actions that may affect the operations of the Fund or the Fund's investments. Such actions could limit or preclude the Fund's ability to achieve its investment objective.</font></p> <p><font class="_mt" size="2"><i><b>Government Obligations Risk</b></i>. Obligations of U.S. Government agencies, authorities, instrumentalities and sponsored enterprises (such as Fannie Mae and Freddie Mac) have historically involved little risk of loss of principal if held to maturity. However, the maximum potential liability of the issuers of some of these securities may greatly exceed their current resources and no assurance can be given that the U.S. Government would provide financial support to any of these entities if it is not obligated to do so by law. In September 2008, the U.S. Treasury and the Federal Housing Finance Agency ("FHFA") announced that Fannie Mae and Freddie Mac would be placed into a conservatorship under FHFA. The effect that this conservatorship will have on the entities' debt and securities guaranteed by the entities remains unclear. Fannie Mae and Freddie Mac are continuing to operate as going concerns while in conservatorship and each remain liable for all of its obligations, including its guaranty obligations, associated with its mortgage-backed securities.</font></p> <p><font class="_mt" size="2"><i><b>Interest Rate Risk.</b></i> The Fund's yield will fluctuate as the general level of interest rates change. During periods when interest rates are low, the Fund's yield will also be low. </font></p> <p><font class="_mt" size="2"><i><b>Issuer/Credit Risk.</b></i> There is a possibility that issuers of securities in which the Fund may invest may default on the payment of interest or principal on the securities when due, which would cause the Fund to lose money. There can be no assurance of the continued availability of support from GSEs, HFAs, or other credit enhancers and changes in their credit ratings may constrain their value to the Fund as potential sources of credit enhancement. </font></p> <p><font class="_mt" size="2"><i><b>Leverage Risk</b></i><b>. </b>Leverage may result from certain transactions, borrowing and reverse repurchase agreements. Leverage may exaggerate the effect of a change in the value of the Fund's portfolio securities, causing the Fund to be more volatile than if leverage was not used. </font></p> <p><font class="_mt" size="2"><b><i>Liquidity Risk</i>.</b> The Fund may invest up to 15% of its net assets in illiquid securities or repurchase agreements with a maturity longer than seven days. There can be no assurance that a market will exist for an illiquid security at a certain time and it may be difficult or impossible to sell illiquid securities at desirable prices.</font></p> <p><font class="_mt" size="2"><b><i>Market Risk</i>.</b> The markets in which the Fund invests may go down in value, sometimes sharply and unpredictably. The success of the Fund's investment program may be affected by general economic and market conditions, such as interest rates, availability of credit, inflation rates, economic uncertainty, changes in laws, and national and international political circumstances. Unexpected volatility or illiquidity could impair the Fund's profitability or result in losses. </font></p> <div class="MetaData"> <p><font class="_mt" size="2"><i><b>Non-Diversified Fund Risk.</b></i> As a non-diversified fund, the Fund may invest a larger portion of its assets in fewer issuers and be more sensitive to any single economic, business, political or regulatory occurrence than a diversified fund.</font></p></div> <p><font class="_mt" size="2"><b><i>Prepayment Risk</i>.</b> The value of some mortgage-backed and asset-backed securities in which the Fund invests may fall due to unanticipated levels of principal prepayments that can occur when interest rates decline.</font></p> <p><font class="_mt" size="2"><b><i>Qualification for CRA Credit Risk</i>.</b> For an institution to receive CRA credit with respect to Fund shares, the Fund must hold CRA qualifying investments that relate to the institution's delineated CRA assessment area. The Fund expects that all investments will be considered eligible for regulatory credit under the CRA but there is no guarantee that an investor will receive CRA credit for their investment in the Fund. </font></p><br /></div></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2"><font class="_mt"><font class="_mt" size="2"><font class="_mt"><font class="_mt" size="2">The value of your investment in the Fund will change daily, which means that you could lose money</font></font>.&nbsp;</font></font><font class="_mt"><b><font class="_mt"><b>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation ("FDIC") or any other government agency</b></font>.</b></font> By itself, the Fund is not a balanced investment program. There is no guarantee that the Fund will meet its goal. The principal risks of investing in the Fund include:</font></p> <p><font class="_mt" size="2"><i><b>Active Management Risk.</b></i> The Fund is actively managed and its performance therefore will reflect in part the Advisor's ability to make investment decisions that are suited to achieve the Fund's investment objective. </font></p> <p><font class="_mt" size="2"><i><b>Counterparty Risk.</b></i> The Fund is subject to the risk of the failure of any markets in which its positions trade, of their clearinghouses, of any counterparty or guarantor of the Fund's transactions or of any service provider to the Fund. Their inability or unwillingness to honor obligations can subject the Fund to credit losses incurred from late payments, failed payments and default. In times of general market turmoil, even large, well-established financial institutions may fail rapidly with little warning. </font></p> <p><font class="_mt" size="2"><i><b>Foreign Risk. </b></i>Foreign securities may be subject to risk of loss because of less foreign government regulation, less public information and less economic, political and social stability in these countries. Loss may also result from the imposition of exchange controls, confiscations and other government restrictions, or from problems in registration, settlement or custody. Foreign risk also involves the risk of negative foreign currency rate fluctuations, which may cause the value of securities denominated in such foreign currency (or other instruments through which the Fund has exposure to foreign currencies) to decline in value. Currency exchange rates may fluctuate significantly over short periods of time.</font></p> <p><font class="_mt" size="2"><i><b>Government Intervention in Financial Markets Risk.</b></i> Instability in the financial markets has led the U.S. Government to take unprecedented actions to support certain financial institutions and certain segments of the financial markets that experienced extreme volatility. Regulatory organizations may take future legislative or regulatory actions that may affect the operations of the Fund or the Fund's investments. Such actions could limit or preclude the Fund's ability to achieve its investment objective. </font></p> <div> <p><font class="_mt" size="2"><i><b>Market Risk.</b></i> The markets in which the Fund invests may go down in value, sometimes sharply and unpredictably. The success of the Fund's investment program may be affected by general economic and market conditions, such as interest rates, availability of credit, inflation rates, economic uncertainty, changes in laws, and national and international political circumstances. Unexpected volatility or illiquidity could impair the Fund's profitability or result in losses.</font></p> <p><font class="_mt" size="2"><i><b>Mid-Sized Company Risk.</b></i> Stocks of mid-sized companies may carry greater risks than those of larger companies because mid-sized companies may have less management experience, competitive strengths and financial resources than larger companies. Mid-sized companies may also be more vulnerable to adverse business or economic events and may be more volatile than larger companies. </font></p> <p><font class="_mt" size="2"><i><b>Value Investing Risk.</b></i> Value stocks may not increase in price as anticipated by the Advisor if they fall out of favor with investors or the markets favor faster-growing companies.</font></p></div></div> </div> <div class="MetaData"> <p><font class="_mt" size="2"><i><b>Non-Diversified Fund Risk.</b></i> As a non-diversified fund, the Fund may invest a larger portion of its assets in fewer issuers and be more sensitive to any single economic, business, political or regulatory occurrence than a diversified fund.</font></p></div> <b>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the FDIC or any other government agency.</b> <b>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the FDIC or any other government agency.</b> <b>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the FDIC or any other government agency.</b> <b>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the FDIC or any other government agency.</b> <b>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation ("FDIC") or any other government agency.</b> <b><font class="_mt"><b>An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation ("FDIC") or any other government agency</b></font>.</b> <div class="MetaData"> <p style="text-align: right; font-family: 'Times New Roman','serif'; margin-left: 0in; font-size: 12pt; margin-right: 0in;" align="right"><b>RBC SMID Cap Growth Fund</b></p></div> <div class="MetaData"> <p style="text-align: right; font-family: 'Times New Roman','serif'; margin-left: 0in; font-size: 12pt; margin-right: 0in;" align="right"><b>RBC Enterprise Fund</b></p></div> <div class="MetaData"> <p style="text-align: right; font-family: 'Times New Roman','serif'; margin-left: 0in; font-size: 12pt; margin-right: 0in;" align="right"><b>RBC Small Cap Core Fund</b></p></div> <div class="MetaData"> <p style="text-align: right; font-family: 'Times New Roman','serif'; margin-left: 0in; font-size: 12pt; margin-right: 0in;" align="right"><b>RBC Microcap Value Fund</b></p></div> <div class="MetaData"> <p style="text-align: right; font-family: 'Times New Roman','serif'; margin-left: 0in; font-size: 12pt; margin-right: 0in;" align="right"><b>Access Capital Community Investment Fund</b></p></div> <div class="MetaData"> <p>&nbsp; </p> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top"> <p align="right"><font class="_mt" size="3"><b>RBC Mid Cap Value Fund</b></font></p></td></tr></table></div> <div class="MetaData"> <p> </p> <table border="0" cellspacing="0" cellpadding="0" width="95%"> <tr bgcolor="#d6f3e8"><td valign="bottom"> <p><font class="_mt" size="2"><b>Shareholder Fees </b><br />(fees paid directly from your investment)</font></p></td></tr></table></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>Shareholder Fees</b> <br />(fees paid directly from your investment)</font></p></div> <div class="MetaData"> <p style="font-family: 'Times New Roman','serif'; margin-left: 0in; font-size: 12pt; margin-right: 0in;"><b><font style="font-size: 10pt;" class="_mt">Shareholder Fees</font></b><font style="font-size: 10pt;" class="_mt"><br />(fees paid directly from your investment)</font></p></div> <div class="MetaData"> <p style="font-family: 'Times New Roman','serif'; margin-left: 0in; font-size: 12pt; margin-right: 0in;"><b><font style="font-size: 10pt;" class="_mt">Shareholder Fees</font></b><font style="font-size: 10pt;" class="_mt"><br />(fees paid directly from your investment)</font></p></div> <div class="MetaData"> <p> </p> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td bgcolor="#d6f3e8" valign="bottom"> <p style="margin-left: 8.65pt;"><font class="_mt" size="2"><b>Shareholder Fees</b> (fees paid directly from your investment)</font></p></td></tr></table></div> <div class="MetaData"> <p style="font-family: 'Times New Roman','serif'; margin-left: 0in; font-size: 12pt; margin-right: 0in;"><b><font style="font-size: 10pt;" class="_mt">Shareholder Fees </font></b><font style="font-size: 10pt;" class="_mt"><br />(fees paid directly from your investment)</font></p></div> <div> &lt;div style="display:none;" &gt;~ http://www.rbcgam.us/role/ScheduleShareholderFeesRbcSmidCapGrowthFund column period compact * column dei_LegalEntityAxis compact cik0001272950_S000001804Member column rr_ProspectusShareClassAxis compact * row primary compact * ~&lt;/div&gt; </div> <div> &lt;div style="display:none;" &gt;~ http://www.rbcgam.us/role/ScheduleShareholderFeesRbcEnterpriseFund column period compact * column dei_LegalEntityAxis compact cik0001272950_S000001811Member column rr_ProspectusShareClassAxis compact * row primary compact * ~&lt;/div&gt; </div> <div> &lt;div style="display:none;" &gt;~ http://www.rbcgam.us/role/ScheduleShareholderFeesRbcSmallCapCoreFund column period compact * column dei_LegalEntityAxis compact cik0001272950_S000001812Member column rr_ProspectusShareClassAxis compact * row primary compact * ~&lt;/div&gt; </div> <div> &lt;div style="display:none;" &gt;~ http://www.rbcgam.us/role/ScheduleShareholderFeesRbcMicrocapValueFund column period compact * column dei_LegalEntityAxis compact cik0001272950_S000001814Member column rr_ProspectusShareClassAxis compact * row primary compact * ~&lt;/div&gt; </div> <div> &lt;div style="display:none;" &gt;~ http://www.rbcgam.us/role/ScheduleShareholderFeesAccessCapitalCommunityInvestmentFund column period compact * column dei_LegalEntityAxis compact cik0001272950_S000022825Member column rr_ProspectusShareClassAxis compact * row primary compact * ~&lt;/div&gt; </div> <div> &lt;div style="display:none;" &gt;~ http://www.rbcgam.us/role/ScheduleShareholderFeesRbcMidCapValueFund column period compact * column dei_LegalEntityAxis compact cik0001272950_S000027288Member column rr_ProspectusShareClassAxis compact * row primary compact * ~&lt;/div&gt; </div> <div class="MetaData"> <p><font class="_mt" size="2"><b>Principal Investment Strategies</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>Principal Investment Strategies</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>Principal Investment Strategies</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>Principal Investment Strategies</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>Principal Investment Strategies</b></font></p></div> <div class="MetaData"> <p><font class="_mt" size="2"><b>Principal Investment Strategies</b></font></p></div> <div> <div class="MetaData"> <p><font class="_mt" size="2">The Fund seeks long-term capital appreciation by normally investing at least 80% of its assets in common stocks of small and mid capitalization growth companies with market capitalizations from $300 million to $6 billion at the time of investment. The Advisor uses a bottom-up investment approach employing fundamental analysis to identify individual companies for inclusion in the Fund's portfolio. </font></p> <table border="0" cellspacing="0" cellpadding="0" width="100%"> <tr style="font-size: 1px;"><td valign="top" width="5%"> <p>&nbsp;</p></td> <td valign="top" width="95%"> <p>&nbsp;</p></td></tr> <tr><td valign="top" colspan="2"> <p><font class="_mt" size="2">In analyzing companies for investment, the Advisor looks for, among other things, companies that it believes have:</font></p></td></tr> <tr><td valign="top" colspan="2"> <p>&nbsp;</p></td></tr> <tr><td valign="top"> <p><font class="_mt" size="2">&#149;</font></p></td> <td valign="top"> <p><font class="_mt" size="2">Positive future revenue and earnings growth prospects</font></p></td></tr> <tr><td valign="top"> <p>&nbsp;</p></td> <td valign="top"> <p>&nbsp;</p></td></tr> <tr><td valign="top"> <p><font class="_mt" size="2">&#149;</font></p></td> <td valign="top"> <p><font class="_mt" size="2">Consistent financial results</font></p></td></tr> <tr><td valign="top"> <p>&nbsp;</p></td> <td valign="top"> <p>&nbsp;</p></td></tr> <tr><td valign="top"> <p><font class="_mt" size="2">&#149;</font></p></td> <td valign="top"> <p><font class="_mt" size="2">High returns on equity and profit margins relative to industry peers</font></p></td></tr> <tr><td valign="top"> <p>&nbsp;</p></td> <td valign="top"> <p>&nbsp;</p></td></tr> <tr><td valign="top"> <p><font class="_mt" size="2">&#149;</font></p></td> <td valign="top"> <p><font class="_mt" size="2">A strong balance sheet</font></p></td></tr> <tr><td valign="top"> <p>&nbsp;</p></td> <td valign="top"> <p>&nbsp;</p></td></tr> <tr><td valign="top"> <p><font class="_mt" size="2">&#149;</font></p></td> <td valign="top"> <p><font class="_mt" size="2">Attractive valuation metrics</font></p></td></tr> <tr><td valign="top"> <p>&nbsp;</p></td> <td valign="top"> <p>&nbsp;</p></td></tr> <tr><td valign="top" colspan="2"> <p><font class="_mt" size="2">In addition, the Advisor prefers companies that it believes possess the following qualitative characteristics:</font></p></td></tr> <tr><td valign="top"> <p>&nbsp;</p></td> <td valign="top"> <p>&nbsp;</p></td></tr> <tr><td valign="top"> <p><font class="_mt" size="2">&#149;</font></p></td> <td valign="top"> <p><font class="_mt" size="2">Superior company management</font></p></td></tr> <tr><td valign="top"> <p>&nbsp;</p></td> <td valign="top"> <p>&nbsp;</p></td></tr> <tr><td valign="top"> <p><font class="_mt" size="2">&#149;</font></p></td> <td valign="top"> <p><font class="_mt" size="2">A unique market niche and broad market opportunities</font></p></td></tr> <tr><td valign="top"> <p>&nbsp;</p></td> <td valign="top"> <p>&nbsp;</p></td></tr> <tr><td valign="top"> <p><font class="_mt" size="2">&#149;</font></p></td> <td valign="top"> <p><font class="_mt" size="2">Solid accounting methodology</font></p></td></tr></table> <p><font class="_mt" size="2">The Fund's portfolio will normally consist of approximately 70 to 90 companies.</font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2">The Fund normally invests primarily in common stocks of companies whose market capitalizations at the time of the Fund's initial purchase are below the dollar-weighted median market capitalization of companies in the Russell 2000&#174; Index, which are often referred to as "micro-cap" companies. However, the Fund is more broadly authorized to invest in common stocks of small capitalization companies, defined for this purpose as companies whose market capitalizations at the time of initial purchase are at or below the highest capitalization represented in the Russell 2000&#174; Index. As of May 31, 2012, the highest capitalization represented in the Russell 2000&#174; Index was $ 2.6 billion.</font></p> <p><font class="_mt" size="2">The Fund seeks to provide long-term growth of capital while taking a low risk approach to small company investing. The Fund selects stocks of companies that are selling at prices the Advisor believes are attractive in relation to the companies' fundamental financial characteristics and business prospects. The Advisor uses a bottom-up approach to select stocks for the Fund's portfolio with a focus on companies' competitive positions, strong balance sheets, and profit margin improvement potential. The Advisor believes that portfolios of smaller companies with low valuations, long-term attractive business fundamentals, and near-term profitability improvement potential should produce strong absolute and risk-adjusted returns over time. </font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2">The Fund normally invests at least 80% of its assets in common stocks of small companies. The Fund currently considers "small companies" to be those within the market capitalization range of the Russell 2000<sup>&#174;</sup> Index at the time of initial purchase by the Fund. As of May 31, 2012, the market capitalization range of the Russell 2000<sup>&#174;</sup> Index was $101 million to $2.6 billion.</font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2">The Fund invests, under normal circumstances, at least 80% of its assets in microcap value stocks. The Fund buys microcap value stocks using a quantitative model. Microcap value stocks combine the characteristics of "microcap stocks" and "value stocks." The Fund defines "microcap stocks" as stocks of companies that have market capitalization at the time of the Fund's initial purchase of between $20 million and the market capitalization that marks the point between the 8th and 9th deciles of New York Stock Exchange listed stocks ("upper limit"). At the close of business on October 12, 2012, this "upper limit" was approximately $485.66 million. The Fund defines "value stocks" primarily as those with low price-to-book characteristics.</font></p> <p><font class="_mt" size="2">Stocks may be purchased for the Fund's portfolio if they meet the "microcap stock" and "value stock" criteria described above, are issued by companies which have reported net income for the twelve month period prior to purchase of the stock, and have a low price to book valuation. Low liquidity may eliminate a stock which otherwise meets market capitalization and value criteria or may result in the stock being assigned a lower portfolio weighting. There will be a portfolio review, which may result in a readjustment of holdings, at least once per year. Sales of portfolio holdings may be made gradually over time as required by the liquidity criteria of an individual security.</font></p></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2">The Fund seeks to achieve its investment objective by investing primarily in high quality debt securities and other debt instruments supporting the affordable housing industry in areas of the United States designated by Fund shareholders. Within those parameters, the Fund seeks a competitive return consisting of current income and capital appreciation. The Fund defines instruments supporting the "affordable housing industry" to include government-guaranteed loans, asset-backed securities, particularly mortgage-backed securities, small business loans, taxable municipal securities, and other instruments supporting affordable housing and economic development, and serving low- and moderate-income ("LMI") individuals and communities. These investments may involve private placement transactions and may include variable rate instruments. The Fund is non-diversified and, therefore, compared to a diversified investment company, the Fund may invest a greater percentage of its assets in securities of a particular issuer. The Fund may borrow money from banks and enter into reverse repurchase agreements to obtain additional funds to make investments. </font></p> <p><font class="_mt" size="2"><i><b>Community Investments</b></i><b>.</b> At the time of their share purchase, investors meeting certain investment levels may elect to have their investment amount invested in particular areas of the United States as their preferred geographic focus or Designated Target Region. If, after six months, the Advisor is unable to make appropriate investments in a shareholder's Designated Target Region, the shareholder will have the option to redefine its Designated Target Region. Each shareholder's returns will be based on the investment performance of the Fund's blended overall portfolio of investments and not just on the performance of the assets in the Designated Target Region(s) selected by that shareholder.</font></p> <p><font class="_mt" size="2">The Fund expects that all of its investments will be considered eligible for regulatory credit under the Community Reinvestment Act of 1977 ("CRA") and that shares of the Fund will be eligible for regulatory credit under the CRA. The Fund intends to invest solely in qualified investments in Designated Target Regions. </font></p> <p><font class="_mt" size="2"><i><b>Investment Program.</b></i> The Fund is designed for investors seeking a competitive return on high quality debt securities that support underlying community development activities in distinct parts of the United States. Not all of the investors in the Fund are subject to CRA requirements, but may be seeking to make investments in underserved communities or to fulfill other socially responsible related investment objectives. Investors that are not subject to the CRA requirements do not receive CRA credit for their investments. </font></p> <p><font class="_mt" size="2"><i><b>Concentration in the Affordable Housing Industry</b></i><b>.</b> The Fund concentrates in the affordable housing industry, which means it will invest at least 25% of its total assets in the affordable housing industry. The Fund may, however, invest up to 100% of its total assets in the affordable housing industry. The Fund will invest a significant amount of its assets in securities issued by Government National Mortgage Association ("Ginnie Mae") and government sponsored enterprises ("GSEs"), such as the Federal National Mortgage Association ("Fannie Mae") and Federal Home Loan Mortgage Corporation ("Freddie Mac"), Federal Housing Administration ("FHA") project loans, and tax-exempt debt issued by state housing finance authorities ("HFAs") to finance their work in affordable housing. </font></p> <p><font class="_mt" size="2"><i><b>Credit Quality</b></i><b>.</b> The Fund will only invest in (i) securities in the highest category assigned by a nationally recognized statistical rating organization or, if unrated, are deemed by the Advisor to be of comparable quality, or (ii) securities issued or guaranteed by the U.S. Government, government agencies, or GSEs.</font></p> <div> <p><font class="_mt" size="2"><i><b>Duration.</b></i> From time to time, the Advisor may seek to maintain an overall average dollar-weighted portfolio duration for the Fund that is within certain percentage ranges above or below a selected benchmark index.</font></p></div></div> </div> <div> <div class="MetaData"> <p><font class="_mt" size="2">The Fund normally invests at least 80% of its assets in common stocks of mid-sized companies that are considered to be undervalued in relation to earnings, dividends and/or assets. Mid-sized companies are defined by the Fund as companies that fall within the market capitalization range of $1 billion to $12 billion at the time of purchase. The Advisor uses a disciplined, bottom-up approach to select stocks for the Fund's portfolio with a focus on fundamental research and qualitative analysis. This analysis considers factors such as attractive and sustainable business fundamentals, financial strength, management strength and low valuation. The Fund normally invests for the long-term, but may sell a security at any time the Advisor considers the security to be overvalued or otherwise unfavorable. The Fund expects to invest primarily in securities of U.S.-based companies, but may also invest in securities of non-U.S. companies. </font></p></div> </div> year-to-date return year-to-date return year-to-date return year-to-date year-to-date year-to-date return The performance for the period from June 1, 1994 to April 19, 2004 reflects the performance of the Mid Cap Equity Fund, the predecessor to RBC SMID Cap Growth Fund. The performance of the Fund also includes the performance of a common trust fund ("CTF") account advised by the Advisor (including its predecessor) and managed the same as the Fund in all material respects for the period from December 31, 1990 to June 1, 1994, as adjusted to reflect the full contractual rate of expenses associated with the Fund at its inception. The CTF account was not registered with the Securities and Exchange Commission ("SEC") under the 1940 Act and therefore was not subject to the investment restrictions imposed by law on registered mutual funds. If the CTF account had been registered, the CTF account's performance may have been adversely affected. Fund performance reflects applicable fee waivers/expense reimbursements (which, if excluded, would cause performance to be lower). Class I shares were previously designated Class S shares prior to November 27, 2012. Class I shares were previously designated Class S shares prior to November 27, 2012. The Advisor has contractually agreed to waive fees and/or pay operating expenses in order to limit the Fund's total expenses (excluding interest, taxes, brokerage commissions, acquired fund fees and expenses or extraordinary expenses such as litigation) to the net expenses in the table. This expense limitation agreement is in place until January 31, 2014 and may not be terminated by the Advisor prior to that date. The Advisor has contractually agreed to waive fees and/or pay operating expenses in order to limit the Fund's total expenses (excluding interest, taxes, brokerage commissions, acquired fund fees and expenses or extraordinary expenses such as litigation) to the net expenses in the table. This expense limitation agreement is in place until January 31, 2014 and may not be terminated by the Advisor prior to that date. The Advisor has contractually agreed to waive fees and/or pay operating expenses in order to limit the Fund's total expenses (excluding interest, taxes, brokerage commissions, acquired fund fees and expenses or extraordinary expenses such as litigation) to the net expenses in the table. This expense limitation agreement is in place until January 31, 2014 and may not be terminated by the Advisor prior to that date. The Advisor has contractually agreed to waive fees and/or pay operating expenses in order to limit the Fund's total expenses (excluding interest, taxes, brokerage commissions, acquired fund fees and expenses or extraordinary expenses such as litigation) to the net expenses in the table. This expense limitation agreement is in place until January 31, 2014 and may not be terminated by the Advisor prior to that date. The Advisor has contractually agreed to waive fees and/or pay operating expenses in order to limit the Fund's total expenses (excluding interest, taxes, brokerage commissions, acquired fund fees and expenses or extraordinary expenses such as litigation) to 0.90% of the Fund's average daily net assets. This expense limitation agreement is in place until January 31, 2014 and may not be terminated by the Advisor prior to that date. The Annual Fund Operating Expenses of the Fund have been restated to reflect a reduction in the Management Fee to 0.85% effective November 27, 2012. A 1.00% CDSC is imposed on redemptions of Class A shares made within 12 months of a purchase of $1 million or more of Class A shares on which no front-end sales charge was paid. A 1.00% CDSC is imposed on redemptions of Class A shares made within 12 months of a purchase of $1 million or more of Class A shares on which no front-end sales charge was paid. A 1.00% CDSC is imposed on redemptions of Class A shares made within 12 months of a purchase of $1 million or more of Class A shares on which no front-end sales charge was paid. A 1.00% CDSC is imposed on redemptions of Class A shares made within 12 months of a purchase of $1 million or more of Class A shares on which no front-end sales charge was paid. The Advisor has contractually agreed to waive fees or pay operating expenses through January 31, 2014, to maintain Other Expenses, which does not include 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. SEC rules require fund expense tables to reflect the effect of "Acquired Fund Fees and Expenses," which are expenses incurred indirectly by the Fund through its ownership of shares in other investment companies, including business development companies (BDCs). BDC expenses are similar to expenses paid by any operating company held by the Fund, and are not direct costs paid by Fund shareholders and are not used to calculate the Fund's net asset value. For the fiscal year ended September 30, 2012, the indirect expenses attributable to the Fund's investment in BDCs was 0.13%. The Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement in this table has not been revised to reflect the effect of such BDC investments, because as of June 15, 2012, the Fund no longer holds or invests in BDCs. SEC rules require fund expense tables to reflect the effect of "Acquired Fund Fees and Expenses," which are expenses incurred indirectly by the Fund through its ownership of shares in other investment companies, including business development companies (BDCs). BDC expenses are similar to expenses paid by any operating company held by the Fund, and are not direct costs paid by Fund shareholders and are not used to calculate the Fund's net asset value. For the fiscal year ended September 30, 2012, the indirect expenses attributable to the Fund's investment in BDCs was 0.08%. The Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement in this table has not been revised to reflect the effect of such BDC investments, because as of June 15, 2012, the Fund no longer holds or invests in BDCs. SEC rules require fund expense tables to reflect the effect of "Acquired Fund Fees and Expenses," which are expenses incurred indirectly by the Fund through its ownership of shares in other investment companies, including business development companies (BDCs). BDC expenses are similar to expenses paid by any operating company held by the Fund, and are not direct costs paid by Fund shareholders and are not used to calculate the Fund's net asset value. For the fiscal year ended September 30, 2012, the indirect expenses attributable to the Fund's investment in BDCs was 0.16%. The Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement in this table has not been revised to reflect the effect of such BDC investments, because as of June 15, 2012, the Fund no longer holds or invests in BDCs. 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