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RBC iShares ETFs are comprised of RBC ETFs managed by RBC Global Asset Management Inc. (RBC GAM Inc.) and iShares ETFs managed by BlackRock Asset Management Canada Limited ("BlackRock Canada"). Commissions, trailing commissions, management fees and expenses all may be associated with investing in exchange-traded funds (ETFs). Please read the relevant prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. RBC iShares ETF Guided Bond Portfolios are provided to investment advisors by RBC GAM Inc., to illustrate generally the ways in which RBC iShares ETFs can be used to comprise an investment portfolio for different investment objectives, risk profiles and time horizons. These model portfolios are not provided as a recommendation or solicitation to buy or sell any security. The information provided is not investment advice and is not tailored to the needs or circumstances of any particular investors. RBC iShares ETF Guided Bond Portfolios may change from time to time without notice. RBC GAM Inc. shall not have any liability, contingent or otherwise, to any person for the quality, currency or completeness of the sample portfolio strategies. Investment advisors should work with their clients to ensure that they select appropriate investments, and appropriate investment allocations, for their clients’ individual circumstances. RBC iShares ETF Guided Bond Portfolios do not comprise actual holdings but are hypothetical portfolios for the above-noted purposes only. The performance of a model does not reflect any single client’s experience, and actual returns achieved by clients may differ due to the timing and fees associated with the execution of trades. ® / TM Trademark(s) of Royal Bank of Canada. Used under licence. iSHARES is a registered trademark of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. Used under licence. © 2020 BlackRock Asset Management Canada Limited and RBC Global Asset Management Inc. All rights reserved