TORONTO, January 25, 2016 – RBC Global Asset Management Inc. (RBC GAM Inc.) today announced the expansion of its corporate class funds, including the addition of US$ priced options on 11 existing solutions and the launch of two new US$ corporate class funds.
Corporate class funds are tax-efficient investment solutions, ideal for non-registered plans. RBC Corporate Class Funds include a selection of fixed income and equity funds that provide investors with tax-free switching and rebalancing, reduced taxable distributions and a method of tax-efficient bond investing.
RBC Corporate Class Funds are available to individual investors through four options: Series A; Advisor Series; Series F (available via financial advisors); and Series D (available via direct-to-client platforms).
The management fees for the new US$ RBC Corporate Class Funds are outlined in the table below.
|Fund||Management Fee %|
|Series A||Advisor Series||Series D||Series F|
|RBC $U.S. Short Term Income Class||up to 0.85||-||Up to 0.60||Up to 0.50|
|BlueBay $U.S. Global Convertible Bond Class (Canada)||1.70||1.70||1.10||0.95|
|RBC Balanced Growth & Income Class||1.75||1.75||-||0.75|
|RBC Canadian Dividend Class||1.50||1.50||1.00||0.75|
|RBC QUBE Low Volatility U.S. Equity Class||1.75||1.75||1.00||0.75|
|RBC U.S. Equity Class||1.75||1.75||1.00||0.75|
|RBC U.S. Equity Value Class||1.75||1.75||1.00||0.75|
|RBC U.S. Mid-Cap Value Equity Class||1.85||1.85||1.10||0.85|
|RBC U.S. Small-Cap Core Equity Class||1.85||1.85||1.00||0.75|
|RBC International Equity Class||1.85||1.85||1.00||0.75|
|RBC Emerging Markets Equity Class||1.85||1.85||1.10||0.75|
|RBC Global Equity Class||1.75||1.75||1.00||0.75|
|RBC QUBE Low Volatility Global Equity Class||1.85||1.85||1.10||0.85|
In addition to expanding US$ offerings for Canadian investors, RBC GAM Inc. also added Series T options to five existing RBC Funds. These changes reflect RBC GAM Inc.’s focus on providing individual investors with tax-efficient solutions through a comprehensive range of funds across various asset classes.
The management fees for the funds are outlined in the table below.
|Fund||Management Fee %|
|Series T5||Series FT5|
|RBC International Dividend Growth Fund||1.58||0.75|
|RBC QUBE Low Volatility Canadian Equity Fund||1.75||0.75|
|RBC QUBE Low Volatility U.S. Equity Fund||1.75||0.75|
|RBC QUBE Low Volatility Global Equity Fund||1.85||0.85|
|RBC Global Dividend Growth Fund||-||0.75|
RBC GAM Inc. also announced that RBC International Dividend Growth Fund is now available in Series A and Series D.The management fees for the Fund are outlined in the table below.
|Fund||Management Fee %|
|Series A||Series D|
|RBC International Dividend Growth Fund||1.85||1.00|
RBC Funds and RBC Corporate Class Funds are offered by RBC Global Asset Management Inc. and distributed through authorized dealers. Please 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.
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 and Phillips, Hager & North Investment Management. RBC GAM is a provider of global investment management services and solutions to individual, high-net-worth and institutional investors through mutual funds, exchange-traded funds, hedge funds, pooled funds, separate accounts and specialty investment strategies. RBC GAM group of companies manage more than $380 billion and have approximately 1,300 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 five largest wealth managers*. RBC Wealth Management directly serves affluent, high net worth and ultra high net worth clients globally with a full suite of banking, investment, trust and other wealth management solutions, from our key operational hubs in Canada, the United States, the British Isles, and Asia. 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 GAM business. RBC Wealth Management has more than C$749 billion of assets under administration, more than C$492 billion of assets under management and approximately 3,954 financial consultants, advisors, private bankers, and trust officers. For more information, please visit www.rbcwealthmanagement.com.
*Scorpio Partnership Global Private Banking KPI Benchmark 2015. 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.