RBC Global Asset Management Inc. lowers administration fees for certain RBC Funds and announces re-designation of Series F units of certain funds Français
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 |
||
RBC Conservative Growth & Income |
A, T5, F, FT5, I |
0.10% |
0.05% |
RBC Balanced Growth & Income Fund |
A, Advisor Series, Advisor |
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.
Brandon Dorey, RBC GAM Corporate Communications, 416-955-7397, [email protected]
Share this article