TORONTO, Dec. 13, 2021 /CNW/ - RBC Global Asset
Management Inc. ("RBC GAM Inc.") today announced that
administration fees for certain RBC Funds will be reduced effective
April 1, 2022
RBC GAM Inc. reviews administration fees on an ongoing basis.
These fee reductions are part of RBC GAM's commitment to leadership
in delivering value to investors.
The administration fees for the following funds and applicable
series will be reduced effective April 1,
2022:
Fund
|
Series
|
Administration
Fee
|
Current
|
Effective
April 1,
2022
|
RBC Conservative
Growth & Income
Fund
|
A, T5, F, FT5,
I
|
0.10%
|
0.05%
|
RBC Balanced Growth
& Income Fund
|
A, Advisor Series,
Advisor
T5 Series, T5, H, D, F, FT5, I
|
0.10%
|
0.05%
|
RBC Global Growth
& Income Fund
|
A, T5, F,
FT5
|
0.10%
|
0.05%
|
Administration fees are used to pay for the following operating
expenses of a fund: regulatory filing fees, fees and expenses
associated with the Independent Review Committee, recordkeeping,
accounting and fund valuation costs, custody fees, audit and legal
fees, the costs of preparing and distributing annual and
semi-annual reports, prospectuses, fund facts, statements and other
investor communications.
Re-Designation of Series F units of certain
fundsAdditionally, effective January 24,
2022 (the "effective date"), Series F units of RBC Private
Canadian Dividend Pool and RBC Private Canadian Equity Pool
(collectively, the "Pools") will be re-designated to Series I
units. Series I units of the Pools will be closed to new investors
as of the effective date. Existing Series I unitholders of the
Pools will continue to be able to make investments into Series I
units after they are closed to new investors.
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, BlueBay Funds and PH&N Funds are offered by RBC GAM Inc.
and distributed through authorized dealers in Canada. RBC GAM Inc. is a member of the RBC
GAM group of companies and an indirect wholly owned subsidiary of
Royal Bank of Canada.
About RBC
Royal Bank of Canada is a global financial institution with
a purpose-driven, principles-led approach to delivering leading
performance. Our success comes from the 87,000+ 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 17
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/community-social-impact.
About RBC Global Asset Management
RBC Global Asset
Management (RBC GAM) is the asset management division of Royal
Bank of Canada (RBC) and includes
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 approximately $580 billion in
assets and have approximately 1,500 employees located across
Canada, the United States, Europe and Asia.
SOURCE RBC Global Asset Management Inc.