TORONTO,
June 22, 2017 /CNW/ - RBC Global
Asset Management Inc. (RBC GAM Inc.) today announced changes to the
risk rating of certain mutual funds. These changes will be
reflected in the renewal of the simplified prospectus for the funds
and will be effective June 30,
2017.
The changes are based on the new methodology mandated by
the Canadian Securities Administrators to determine risk level of
mutual funds. RBC GAM Inc. reviews the risk rating for each fund at
a minimum on an annual basis, as well as when a fund undergoes a
material change. These changes are the result of an annual review
and are not a result of any changes to the investment objectives,
strategies or management of the funds.
Risk rating increases
|
Funds
|
Current
|
New
|
|
RBC $U.S. Investment Grade Corporate Bond
Fund
|
Low
|
Low to medium
|
|
BlueBay European High Yield Bond Fund
(Canada)
|
Low to medium
|
Medium
|
|
Phillips, Hager & North Long
Inflation-linked Bond Fund
|
Low to medium
|
Medium
|
|
Phillips, Hager & North Vintage
Fund
|
Medium
|
Medium to high
|
|
Phillips, Hager & North Currency-Hedged
U.S. Equity Fund
|
Medium
|
Medium to high
|
|
RBC O'Shaughnessy U.S. Value
Fund
|
Medium
|
Medium to high
|
|
RBC Private U.S. Large-Cap Value Equity
Currency Neutral Pool
|
Medium
|
Medium to high
|
|
RBC U.S. Mid-Cap Growth Equity Currency Neutral
Fund
|
Medium
|
Medium to high
|
|
RBC European Mid-Cap Equity
Fund
|
Medium
|
Medium to high
|
Risk rating decreases
|
Funds
|
Current
|
New
|
|
RBC Strategic Income Bond
Fund
|
Low to medium
|
Low
|
|
Phillips, Hager & North High Yield Bond
Fund
|
Low to medium
|
Low
|
|
RBC Managed Payout Solution
|
Low to medium
|
Low
|
|
RBC Managed Payout Solution -
Enhanced
|
Low to medium
|
Low
|
|
RBC Monthly Income Fund
|
Low to medium
|
Low
|
|
RBC Conservative Growth & Income
Fund
|
Low to medium
|
Low
|
|
RBC Retirement Income
Solution
|
Low to medium
|
Low
|
|
RBC Retirement 2020 Portfolio
|
Low to medium
|
Low
|
|
RBC Retirement 2050 Portfolio
|
Low to medium
|
Low
|
|
RBC Select Very Conservative
Portfolio
|
Low to medium
|
Low
|
|
RBC Select Conservative
Portfolio
|
Low to medium
|
Low
|
|
RBC Select Choices Conservative
Portfolio
|
Low to medium
|
Low
|
|
Phillips, Hager & North LifeTime 2015
Fund
|
Low to medium
|
Low
|
|
RBC Emerging Markets Bond
Fund
|
Medium
|
Low to medium
|
|
RBC Emerging Markets Bond Fund (CAD
Hedged)
|
Medium
|
Low to medium
|
|
BlueBay Global Monthly Income Bond
Fund
|
Medium
|
Low to medium
|
|
BlueBay Emerging Markets Corporate Bond
Fund
|
Medium
|
Low to medium
|
|
BlueBay Global Convertible Bond Fund
(Canada)
|
Medium
|
Low to medium
|
|
BlueBay $U.S. Global Convertible Bond Fund
(Canada)
|
Medium
|
Low to medium
|
|
Phillips, Hager & North LifeTime 2035
Fund
|
Medium
|
Low to Medium
|
|
Phillips, Hager & North LifeTime 2040
Fund
|
Medium
|
Low to Medium
|
|
Phillips, Hager & North LifeTime 2045
Fund
|
Medium
|
Low to Medium
|
|
Phillips, Hager & North LifeTime 2050
Fund
|
Medium
|
Low to Medium
|
|
RBC QUBE Low Volatility Canadian Equity
Fund
|
Medium
|
Low to medium
|
|
RBC Private Canadian Dividend
Pool
|
Medium
|
Low to medium
|
|
RBC North American Value Fund
|
Medium
|
Low to medium
|
|
RBC QUBE Low Volatility U.S. Equity
Fund
|
Medium
|
Low to medium
|
|
RBC QUBE Low Volatility Global Equity
Fund
|
Medium
|
Low to medium
|
|
RBC QUBE Low Volatility All
Country World Equity Fund
|
Medium
|
Low to medium
|
|
RBC Private World Equity Pool
|
Medium
|
Low to medium
|
|
RBC O'Shaughnessy All-Canadian Equity
Fund
|
Medium to high
|
Medium
|
|
RBC Private Canadian Mid-Cap Equity
Pool
|
Medium to high
|
Medium
|
|
RBC North American Growth
Fund
|
Medium to high
|
Medium
|
|
RBC Private U.S. Small-Cap Equity
Pool
|
Medium to high
|
Medium
|
|
RBC Asian Equity Fund
|
Medium to high
|
Medium
|
|
RBC Japanese Equity Fund
|
Medium to high
|
Medium
|
|
RBC Life Science and Technology
Fund
|
High
|
Medium
|
|
RBC Emerging Markets Multi-Strategy Equity
Fund
|
High
|
Medium to high
|
|
RBC Emerging Markets Dividend
Fund
|
High
|
Medium to high
|
|
RBC Emerging Markets Equity
Fund
|
High
|
Medium to high
|
|
RBC Emerging Markets Small-Cap Equity
Fund
|
High
|
Medium to high
|
|
RBC Global Technology Fund
|
High
|
Medium to high
|
Please consult your advisor and read the prospectus or Fund
Facts document before investing. There may be commissions, trailing
commissions, management fees and expenses associated with mutual
fund investments. Mutual funds are not guaranteed, their values
change frequently and past performance may not be repeated. RBC
Funds, PH&N Funds and BlueBay Funds are offered by RBC GAM Inc.
and distributed through authorized dealers.
About RBC Global Asset
Management
RBC Global Asset Management
(RBC GAM) is the asset management division of Royal Bank of
Canada (RBC) and includes RBC GAM
Inc. and institutional money managers BlueBay Asset Management and
Phillips, Hager & North Investment Management. 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. The RBC
GAM group of companies manage more than C$400 billion in assets and have approximately
1,400 employees located across Canada, the United
States, Europe and
Asia.
SOURCE RBC Global Asset Management Inc.