New multi-asset credit fund seeks to achieve a high level of total return by investing across the spectrum of higher yielding, sub-investment grade credit markets.

STAMFORD, Conn., April 1, 2026 /PRNewswire/ - RBC Global Asset Management (U.S.) Inc. ("RBC GAM-U.S.") announced today the launch of the RBC BlueBay Credit Opportunities Fund ("the Fund"), a new investment strategy designed specifically for investors seeking income and total return opportunities from U.S. credit markets.

The Fund will primarily invest in high yield corporate bonds, loans, and structured credit, including asset-backed securities, mortgage-backed securities and collateralized loan obligations (CLOs). This multi-asset credit fixed income option seeks to generate diversified sources of income and returns by dynamically shifting across credit sectors and issuers to find the best relative value.

"The credit market appears to be abundant with idiosyncratic opportunities and high-yielding asset classes," said Donald Sanya, CEO of RBC Global Asset Management (U.S.)."We believe dynamically combining these asset classes can help enable investors to build resilient portfolios that have the potential to generate compelling risk-adjusted returns."

The RBC BlueBay Credit Opportunities Fund is co-led by Tim Leary, Senior Portfolio Manager at RBC Global Asset Management and Andrzej Skiba, Head of U.S. Fixed Income at RBC Global Asset Management.

"We believe U.S. credit remains exceptionally important for investors seeking the potential for strong returns and high income," said Mr. Leary. "The depth and liquidity of the U.S. credit markets, combined with a diverse issuer base across sectors, provide our institutional and intermediary clients with meaningful opportunities to potentially generate attractive risk-adjusted returns. Our focus on U.S. fixed income investments combined with our experience managing credit portfolios helps ensure our investors have the potential to benefit directly from these compelling credit market opportunities to help meet their investment goals."

About RBC

Royal Bank of Canada ( RY ) is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 101,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.‎

We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/peopleandplanet.

About RBC Global Asset Management

RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada ( RY ) . RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. RBC Funds, BlueBay Funds, PH&N Funds and RBC ETFs are offered by RBC Global Asset Management Inc. (RBC GAM Inc.) and distributed through authorized dealers in Canada. The RBC GAM group of companies, which includes RBC GAM Inc. (including PH&N Institutional), manage more than $572 billion USD in assets (as of December 31, 2025) and have approximately 1,600 employees located across Canada, the United States, Europe and Asia.

For more information, please contact:

Tony Catinella, RBC Global Asset Management Corporate Communications, 617-763-7232

Mutual fund investing involves risk. Principal loss is possible. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in lower-rated and non-rated securities present a greater risk of loss to principal and interest than higher-rated securities. Investments in foreign securities involve greater volatility and political, economic and currency risks and differences in accounting methods. Derivatives such as futures, forwards, and swaps involve risks different from, and in certain cases, greater than the risks presented by more traditional investments. Collateralized Loan Obligations (CLOs) and structured finance securities present risks similar to those of other types of credit investments, including default (credit), interest rate and prepayment risks. The Fund is new with no operating history. As a result, prospective investors have no track record or history on which to base their investment decisions. These and other risks are described more fully in the prospectus.

Before investing, you should consider carefully a fund's investment objectives, risks, charges, and expenses. This and other information is in the prospectus, which you can view by visiting https://dfinview.com/usrbcgam or request by calling 800.422.2766. Please read the prospectus carefully before investing.

RBC Global Asset Management (U.S.) Inc. is the Adviser for the RBC Funds Trust. The Funds are distributed by Quasar Distributors, LLC. Securities are offered through RBC Wealth Management, a division of RBC Capital Markets, LLC, member NYSE/FINRA/SIPC.

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SOURCE RBC Global Asset Management (U.S.)