News Releases

RBC Global Asset Management Inc. Announces Administration Fee Reductions To Four RBC Funds

TORONTO, December 20, 2013 – RBC Global Asset Management Inc. (RBC GAM) today announced that effective January 1, 2014, the administration fees for the following funds will be reduced.

Fund Administration Fee (Series A units)
Current Effective January 1, 2014
RBC Canadian Short Term Income Fund
0.10%
0.05%
RBC Balanced Fund
0.14%
0.10%
RBC Canadian Dividend Fund
0.12%
0.10%
RBC Canadian Dividend Class*
0.06%
0.04%
* Series A and Advisor Series

Administration fees are used to pay for the majority of operating expenses of a fund, including regulatory filing fees, 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, account statements and other investor communications.

RBC GAM reviews administration fees on an ongoing basis. These reductions are part of our ongoing commitment to investors to ensure we remain a leader in delivering excellent value to our clients.

About RBC Global Asset Management and RBC Wealth Management

RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC), and includes institutional money managers BlueBay Asset Management, Phillips, Hager & North Investment Management and RBC Global Asset Management (U.S.). RBC GAM is a provider of global investment management services and solutions to individual, high-net-worth and institutional investors through exchange-traded funds, hedge funds, mutual funds, pooled funds, separate accounts and specialty investment strategies. RBC GAM group of companies manage more than $290 billion in assets and have approximately 1,000 employees located across Canada, the United States, Europe and Asia.

RBC Global Asset Management is part of RBC Wealth Management, which is one of the world’s top 10 largest wealth managers*. RBC Wealth Management directly serves affluent, high-net-worth and ultra-high net worth clients in Canada, the United States, Latin America, Europe, the Middle East, Africa, and Asia with a full suite of banking, investment, trust and other wealth management solutions. The business also provides asset management products and services directly and through RBC and third party distributors to institutional and individual clients, through its RBC Global Asset Management business (which includes BlueBay Asset Management). RBC Wealth Management has more than C$615 billion of assets under administration, more than C$373 billion of assets under management and over 4,400 financial consultants, advisors, private bankers, and trust officers. For more information, please visit www.rbcwealthmanagement.com.

*Scorpio Partnership Global Private Banking KPI Benchmark 2013. In the United States, securities are offered through RBC Wealth Management, a division of RBC Capital Markets, LLC, a wholly owned subsidiary of Royal Bank of Canada. Member NYSE/FINRA/SIPC.

MEDIA ENQUIRIES

Matt Gierasimczuk
Corporate Communications
RBC Global Asset Management
U.S. Institutional and RBC ETFs
416-974-2124
matthew.gierasimczuk@rbc.com
Leah Commisso
Corporate Communications
RBC Global Asset Management
Canada and U.S.
416-955-6498
leah.commisso@rbc.com
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