TORONTO, Feb. 21, 2020 /CNW/ - RBC Global Asset Management
Inc. (RBC GAM Inc.) today announced that administration fees for
certain RBC Funds, BlueBay Funds and RBC Corporate Class Funds
will be reduced effective March 1,
2020.
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 March 1,
2020:
Fund
|
Series
|
Administration
Fee
|
Current
|
Effective
March
1,
2020
|
Money Market
Funds
|
|
|
|
RBC Canadian T-Bill
Fund
|
A
|
0.10%
|
0.05%
|
RBC Canadian Money
Market Fund
|
A
|
0.10%
|
0.05%
|
RBC $U.S. Money
Market Fund
|
A
|
0.10%
|
0.05%
|
Fixed-Income
Funds
|
|
|
|
RBC Short Term Income
Class
|
A, Advisor
|
0.08%
|
0.03%
|
RBC Bond
Fund
|
A
|
0.10%
|
0.05%
|
RBC Global Bond
Fund
|
A
|
0.10%
|
0.05%
|
RBC Global Corporate
Bond Fund
|
A
|
0.07%
|
0.05%
|
RBC Global High Yield
Bond Fund
|
A
|
0.10%
|
0.05%
|
Balanced
Funds
|
|
|
|
RBC Monthly Income
Fund
|
A
|
0.09%
|
0.05%
|
RBC U.S. Monthly
Income Fund
|
A
|
0.10%
|
0.05%
|
RBC Global Balanced
Fund
|
A
|
0.15%
|
0.10%
|
Canadian Equity
Funds
|
|
|
|
RBC Canadian Equity
Fund
|
A
|
0.12%
|
0.10%
|
RBC Canadian Equity
Class
|
A, Advisor
|
0.06%
|
0.04%
|
RBC O'Shaughnessy
Canadian Equity Fund
|
A
|
0.15%
|
0.10%
|
RBC O'Shaughnessy
All-Canadian Equity Fund
|
A
|
0.15%
|
0.10%
|
RBC Canadian Equity
Income Fund
|
A
|
0.15%
|
0.10%
|
RBC Canadian Equity
Income Class
|
A, T5, Advisor,
Advisor T5
|
0.13%
|
0.08%
|
North American
Equity Funds
|
|
|
|
RBC North American
Value Fund
|
A
|
0.15%
|
0.10%
|
RBC North American
Value Class
|
A, Advisor
|
0.13%
|
0.08%
|
RBC North American
Growth Fund
|
A
|
0.15%
|
0.10%
|
U.S. Equity
Funds
|
|
|
|
RBC U.S. Dividend
Fund
|
A
|
0.15%
|
0.10%
|
RBC U.S. Dividend
Class
|
A, Advisor
|
0.13%
|
0.08%
|
RBC U.S. Equity
Fund
|
A
|
0.15%
|
0.10%
|
RBC U.S. Equity
Class
|
A, Advisor
|
0.10%
|
0.05%
|
RBC U.S. Equity
Currency Neutral Fund
|
A
|
0.15%
|
0.10%
|
RBC O'Shaughnessy
U.S. Value Fund
|
A
|
0.15%
|
0.10%
|
RBC U.S. Mid-Cap
Growth Equity Fund
|
A
|
0.15%
|
0.10%
|
RBC U.S. Mid-Cap
Growth Equity Currency Neutral Fund
|
A
|
0.15%
|
0.10%
|
RBC O'Shaughnessy
U.S. Growth Fund
|
A
|
0.15%
|
0.10%
|
RBC O'Shaughnessy
U.S. Growth Fund II
|
A
|
0.15%
|
0.10%
|
RBC Life Science and
Technology Fund
|
A
|
0.15%
|
0.10%
|
International
Equity Funds
|
|
|
|
RBC International
Equity Fund
|
A
|
0.20%
|
0.15%
|
RBC O'Shaughnessy
International Equity Fund
|
A
|
0.20%
|
0.15%
|
RBC European Equity
Fund
|
A
|
0.20%
|
0.15%
|
Global Equity
Funds
|
|
|
|
RBC Global Dividend
Growth Fund
|
A
|
0.20%
|
0.15%
|
RBC O'Shaughnessy
Global Equity Fund
|
A
|
0.20%
|
0.15%
|
RBC Global Energy
Fund
|
A
|
0.20%
|
0.15%
|
RBC Global Precious
Metals Fund
|
A
|
0.19%
|
0.15%
|
RBC Global Resources
Fund
|
A
|
0.20%
|
0.15%
|
RBC Global Resources
Class
|
A, Advisor
|
0.18%
|
0.13%
|
RBC Global Technology
Fund
|
A
|
0.20%
|
0.15%
|
BlueBay
Funds
|
|
|
|
BlueBay Global
Monthly Income Bond Fund
|
A, Advisor, D, F, I*,
O
|
0.20%
|
0.10%
|
BlueBay European High
Yield Bond Fund (Canada)
|
A, Advisor, D, F,
O
|
0.15%
|
0.10%
|
BlueBay Emerging
Markets Corporate Bond Fund
|
A, Advisor, D, F,
O
|
0.20%
|
0.10%
|
BlueBay Global
Convertible Bond Fund (Canada)
|
A, Advisor, Advisor
T5,
T5, H*, D, F, FT5,
I*, O
|
0.20%
|
0.10%
|
BlueBay $U.S. Global
Convertible Bond Fund (Canada)
|
A, Advisor, Advisor
T5,
T5, D, F, FT5,
O
|
0.20%
|
0.10%
|
*Effective June 30,
2016, Series H and Series I of these funds are no longer available
for purchase by new investors.
|
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.
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 RBC Corporate Class Funds are offered by
RBC GAM Inc. and distributed through authorized dealers. 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 85,000+ employees who 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 34 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 $460 billion in
assets and have approximately 1,400 employees located across
Canada, the United States, Europe and Asia.
SOURCE RBC