TORONTO, June 22, 2020 /CNW/ - RBC Global Asset Management
Inc. ("RBC GAM Inc.") today announced that effective June 26, 2020, Advisor Series and Advisor T5
Series units and mutual fund shares of RBC Funds, BlueBay Funds,
PH&N Funds and RBC Corporate Class Funds, as applicable, will
be capped. Purchases made through pre-authorized contribution plans
established before June 26, 2020 will
be permitted until August 4,
2020.
Additionally, all initial sales charge ("ISC") and low-load
("LL") sales charge options for Advisor Series and Advisor T5
Series units and mutual fund shares will be re-designated to the
corresponding Series A or Series T5 units or mutual fund shares, as
applicable, on August 4, 2020.
Redemption fees will be waived on all LL options for Advisor Series
and Advisor T5 Series units and mutual fund shares when they are
re-designated to Series A or Series T5. Advisor Series and Advisor
T5 Series units of the RBC Funds and BlueBay Funds with a deferred
sales charge ("DSC") option will remain capped and invested based
on their existing redemption schedules.
Changes to Series H and I of certain BlueBay
Funds
Series H and Series I units and mutual fund shares of
BlueBay Global Convertible Bond Fund (Canada), BlueBay Global Monthly Income Bond
Fund and BlueBay Global Convertible Bond Class (Canada) will be re-designated to the
corresponding Series A or Series F units or mutual fund shares
effective June 26, 2020.
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, PH&N Funds and RBC Corporate Class 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 84,000+ 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.
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 $480 billion in assets
and have approximately 1,400 employees located across Canada, the United
States, Europe and
Asia.
SOURCE RBC Global Asset Management