Investor Report

RBC Covered Bond Programme Monthly Investor Report
Calculation Date:  6/30/2016



This report contains
information regarding
assets pledged as security
(the Cover Pool) in respect
of the obligations under
the Covered Bonds issued
under RBC's Global Covered
Bond Programme as of the
indicated Calculation Date.
The composition of the
Cover Pool will change as
Loans are added and removed
from the Cover Pool from
time to time and,
accordingly, the
characteristics and
performance of the Loans in
the Cover Pool will vary
over time. Certain of the
information set forth in
this report, including
credit bureau scores,
current ratings and "The
Teranet-National Bank House
Price Indexâ„¢" Methodology
has been obtained from and
is based upon sources
believed by RBC and the
Guarantor LP to be
accurate, however, neither
RBC nor the Guarantor LP
makes any representation or
warranty, express or
implied, in relation to the
accuracy, completeness or
reliability of such
information or assumes any
liability for any errors or
any reliance you place on
such information. Past
performance should not be
taken as an indication or
guarantee of future
performance, and no
representation or warranty,
express or implied, is made
regarding future
performance. The
information contained in
this report does not
constitute an invitation or
recommendation to invest or
otherwise deal in, or an
offer to sell or the
solicitation of an offer to
buy or subscribe for, any
security, which will be
made only by a prospectus
or otherwise in accordance
with applicable securities
laws. Reliance should not
be placed on the
information herein when
making any decision to buy,
hold or sell any security
or for any other purpose
Please refer the Associated
PDF document to view full
announcment. http://www.rns
-pdf.londonstockexchange.com
/rns/6555E_-2016-7-19.pdf