An anonymous director reports
RBC GLOBAL ASSET MANAGEMENT INC. LOWERS ADMINISTRATION FEES FOR CERTAIN RBC FUNDS, BLUEBAY FUNDS AND RBC CORPORATE CLASS FUNDS
Royal Bank of Canada's RBC Global Asset Management Inc. will reduce administration fees for certain RBC funds, BlueBay funds and RBC corporate class funds effective March 1, 2020.
RBC Global Asset reviews administration fees on a continuing basis. These fee reductions are part of RBC Global Asset's commitment to leadership in delivering value to investors.
The administration fees for the funds displayed in the included table and applicable series will be reduced effective March 1, 2020.
Administration fee
Effective
Fund Series Current 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, Adviser 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, Adviser 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, Adviser, Adviser 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, Adviser 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, Adviser 0.13% 0.08%
RBC U.S. Equity Fund A 0.15% 0.10%
RBC U.S. Equity Class A, Adviser 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, Adviser 0.18% 0.13%
RBC Global Technology Fund A 0.20% 0.15%
BlueBay funds
BlueBay Global Monthly Income Bond Fund A, Adviser, D, F, I*, O 0.20% 0.10%
BlueBay European High Yield Bond Fund (Canada) A, Adviser, D, F, O 0.15% 0.10%
BlueBay Emerging Markets Corporate Bond Fund A, Adviser, D, F, O 0.20% 0.10%
A, Adviser, Adviser T5, T5
BlueBay Global Convertible Bond Fund (Canada) H*, D, F, FT5, I*, O 0.20% 0.10%
A, Adviser, Adviser T5,
BlueBay $U.S. Global Convertible Bond Fund (Canada) 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, record keeping, 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.
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