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About RBC > Media Newsroom > News Releases > RBC Global Asset Management Inc. announces mutual fund risk rating changes

RBC Global Asset Management Inc. announces mutual fund risk rating changes

TORONTO, June 22, 2017 -  RBC Global Asset Management Inc. (RBC GAM Inc.) today announced changes to the risk rating of certain mutual funds. These changes will be reflected in the renewal of the simplified prospectus for the funds and will be effective June 30, 2017.

The changes are based on the new methodology mandated by the Canadian Securities Administrators to determine risk level of mutual funds. RBC GAM Inc. reviews the risk rating for each fund at a minimum on an annual basis, as well as when a fund undergoes a material change. These changes are the result of an annual review and are not a result of any changes to the investment objectives, strategies or management of the funds.

Risk rating increases


Funds

Current

New

 RBC $U.S. Investment Grade Corporate Bond Fund

Low

Low to medium

 BlueBay European High Yield Bond Fund (Canada)

Low to medium

Medium

 Phillips, Hager & North Long Inflation-linked Bond Fund

Low to medium

Medium

 Phillips, Hager & North Vintage Fund

Medium

Medium to high

 Phillips, Hager & North Currency-Hedged U.S. Equity Fund

Medium

Medium to high

 RBC O'Shaughnessy U.S. Value Fund

Medium

Medium to high

 RBC Private U.S. Large-Cap Value Equity Currency Neutral Pool

Medium

Medium to high

 RBC U.S. Mid-Cap Growth Equity Currency Neutral Fund

Medium

Medium to high

 RBC European Mid-Cap Equity Fund

Medium

Medium to high

Risk rating decreases


Funds

Current

New

 RBC Strategic Income Bond Fund

Low to medium

Low

 Phillips, Hager & North High Yield Bond Fund

Low to medium

Low

 RBC Managed Payout Solution

Low to medium

Low

 RBC Managed Payout Solution - Enhanced

Low to medium

Low

 RBC Monthly Income Fund

Low to medium

Low

 RBC Conservative Growth & Income Fund

Low to medium

Low

 RBC Retirement Income Solution

Low to medium

Low

 RBC Retirement 2020 Portfolio

Low to medium

Low

 RBC Retirement 2050 Portfolio

Low to medium

Low

 RBC Select Very Conservative Portfolio

Low to medium

Low

 RBC Select Conservative Portfolio

Low to medium

Low

 RBC Select Choices Conservative Portfolio

Low to medium

Low

 Phillips, Hager & North LifeTime 2015 Fund

Low to medium

Low

 RBC Emerging Markets Bond Fund

Medium

Low to medium

 RBC Emerging Markets Bond Fund (CAD Hedged)

Medium

Low to medium

 BlueBay Global Monthly Income Bond Fund

Medium

Low to medium

 BlueBay Emerging Markets Corporate Bond Fund

Medium

Low to medium

 BlueBay Global Convertible Bond Fund (Canada)

Medium

Low to medium

 BlueBay $U.S. Global Convertible Bond Fund (Canada)

Medium

Low to medium

 Phillips, Hager & North LifeTime 2035 Fund

Medium

Low to Medium

 Phillips, Hager & North LifeTime 2040 Fund

Medium

Low to Medium

 Phillips, Hager & North LifeTime 2045 Fund

Medium

Low to Medium

 Phillips, Hager & North LifeTime 2050 Fund

Medium

Low to Medium

 RBC QUBE Low Volatility Canadian Equity Fund

Medium

Low to medium

 RBC Private Canadian Dividend Pool

Medium

Low to medium

 RBC North American Value Fund

Medium

Low to medium

 RBC QUBE Low Volatility U.S. Equity Fund

Medium

Low to medium

 RBC QUBE Low Volatility Global Equity Fund

Medium

Low to medium

 RBC QUBE Low Volatility All Country World Equity Fund

Medium

Low to medium

 RBC Private World Equity Pool

Medium

Low to medium

 RBC O'Shaughnessy All-Canadian Equity Fund

Medium to high

Medium

 RBC Private Canadian Mid-Cap Equity Pool

Medium to high

Medium

 RBC North American Growth Fund

Medium to high

Medium

 RBC Private U.S. Small-Cap Equity Pool

Medium to high

Medium

 RBC Asian Equity Fund

Medium to high

Medium

 RBC Japanese Equity Fund

Medium to high

Medium

 RBC Life Science and Technology Fund

High

Medium

 RBC Emerging Markets Multi-Strategy Equity Fund

High

Medium to high

 RBC Emerging Markets Dividend Fund

High

Medium to high

 RBC Emerging Markets Equity Fund

High

Medium to high

 RBC Emerging Markets Small-Cap Equity Fund

High

Medium to high

 RBC Global Technology Fund

High

Medium to high

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, PH&N Funds and BlueBay Funds are offered by RBC GAM Inc. and distributed through authorized dealers.

About RBC Global Asset Management
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC) and includes RBC GAM Inc. and 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 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 more than C$400 billion in assets and have approximately 1,400 employees located across Canada, the United States, Europe and Asia.

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For more information, please contact:
Leah Commisso, RBC GAM Corporate Communications, 416-955-6498