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About RBC > Media Newsroom > News Releases > RBC Global Asset Management Inc. lowers administration fees for certain RBC Funds and PH&N Funds

RBC Global Asset Management Inc. lowers administration fees for certain RBC Funds and PH&N Funds

TORONTO, October 2, 2017 - RBC Global Asset Management Inc. (RBC GAM Inc.) today announced the reduction of administration fees for certain RBC Funds and PH&N Funds.

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

The following funds and their applicable series will be reduced effective immediately:

Fund

Series

Administration Fee

Current

Effective
Oct 2, 2017

RBC Emerging Markets Dividend Fund1

A, Advisor, D & F

0.35%

0.15%

RBC Emerging Markets Equity Fund1

A, Advisor, T5, D, F & FT5

0.35%

0.15%

RBC Emerging Markets Small-Cap Equity Fund1

A, Advisor, D & F

0.35%

0.15%

RBC Emerging Markets Equity Class

A, Advisor, D & F

0.10%

0.02%


1 Series O will be reduced from 0.25% to 0.15%

In addition, the administration fee for Series O units of the Phillips, Hager & North Overseas Equity Fund; Phillips, Hager & North Currency-Hedged Overseas Equity Fund; Phillips, Hager & North Overseas Equity Pension Trust; and Phillips, Hager & North Global Equity Fund will be reduced to 0.02%. Series O units are for individual investors, institutional clients or dealers who have entered into an agreement directly with RBC GAM Inc. to purchase Series O units

In return for the administration fee, RBC GAM Inc. pays the following operating expenses of a fund: 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, statements and other investor communications.

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. RBC GAM Inc. is a member of the RBC GAM group of companies and an indirect wholly-owned subsidiary of Royal Bank of Canada.

About RBC Global Asset 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 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 manages approximately $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