RBC Global Asset Management Inc. announces changes to RBC Funds and PH&N Funds
Renaming of
Effective
Fund. There will be no changes to the investment objectives or investment strategies of the Pool. Furthermore, the administration fee for Series O units of the Pool will be reduced from 0.03% to 0.02% effective
Administration fee changes
The administration fees will be reduced for the below funds as follows:
|
Fund |
Series |
Administration Fee |
|
|
Current |
Effective |
||
|
|
A, T5, T8, D, F, FT5, FT8 |
0.10 % |
0.05 % |
|
|
A, T5, T8, D, F, FT5, FT8 |
0.10 % |
0.05 % |
|
|
A, D, F |
0.05 % |
0.02 % |
|
|
A, D, F |
0.05 % |
0.02 % |
|
RBC $U. |
A, D, F |
0.05 % |
0.02 % |
|
Fund |
Series |
Administration Fee |
|
|
Current |
Effective |
||
|
Phillips, |
A, D, F |
0.05 % |
0.02 % |
|
Phillips, Hager & North $U. |
A, D, F, O |
0.05 % |
0.02 % |
Management fee changes – RBC Target Education Funds
Effective
|
Fund |
Series |
Management Fee |
|
|
Current |
Effective |
||
|
RBC Target 2030 |
F |
0.80 % |
0.70 % |
|
0.70% ( |
0.65% ( |
||
|
0.65% ( |
|||
|
RBC Target 2035 |
A |
1.85 % |
1.70 % |
|
1.55% ( |
1.45% ( |
||
|
1.45% ( |
0.90% ( |
||
|
0.90% ( |
|||
|
D |
1.10 % |
0.95 % |
|
|
1.05% ( |
0.80% ( |
||
|
0.95% ( |
|||
|
0.80% ( |
|||
|
F |
0.85 % |
0.70 % |
|
|
0.80% ( |
0.65% ( |
||
|
0.70% ( |
|||
|
0.65% ( |
|||
Management fee changes – money market funds
The management fees for the below funds will change as follows:
|
Fund |
Series |
Management Fee |
|
|
As stated in the simplified prospectus * |
Effective |
||
|
|
A |
0.75 % |
0.30 % |
|
D |
0.60 % |
0.30 % |
|
|
F |
0.50 % |
0.20 % |
|
|
|
A |
0.75 % |
0.30 % |
|
D |
0.60 % |
0.30 % |
|
|
F |
0.50 % |
0.20 % |
|
|
RBC $U. |
A |
0.85 % |
0.30 % |
|
D |
0.60 % |
0.30 % |
|
|
F |
0.50 % |
0.20 % |
|
|
Fund |
Series |
Management Fee |
|
|
As stated in the simplified prospectus * |
Effective |
||
|
Phillips, |
A |
0.65 % |
0.30 % |
|
D |
0.50% (decreasing to 0.40% on the net asset
value over |
0.30 % |
|
|
F |
0.40 % |
0.20 % |
|
|
Phillips, Hager & North $U. |
A |
0.75 % |
0.30 % |
|
D |
0.50 % |
0.30 % |
|
|
F |
0.50 % |
0.20 % |
|
|
* Over the last several years |
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.
Risk rating change
The risk rating for Phillips,
|
Fund |
Current |
New |
|
Phillips, |
Medium to high |
Medium |
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 Private Pools are offered by
About RBC
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
SOURCE RBC Global Asset Management Inc.
