Fees to RBC Affiliates

In addition to the compensation RBC CM or financial advisors may receive from mutual funds, if your plan or plan participants invest in certain funds, then affiliates of RBC CM will receive compensation related to the investment as noted below. These amounts are paid by the funds pursuant an agreement between the fund and the relevant RBC CM affiliate. Advisory and subadvisory fees are for the management of fund assets. For more information please consult the prospectus or Statement of Additional Information.

All percentages noted for the funds are annual payments and based on percentage of total assets under management. Amounts shown for advisory fees are gross advisory fees and do not reflect the impact of any expense limitation agreement currently in place, which would reduce the amount received by the RBC CM affiliate.

The RBC CM affiliates that may receive compensation are: RBC Global Asset Management (U.S.), Inc. (“RBC GAM”), BlueBay Asset Management LLP (“BlueBay”) and RBC Global Asset Management (UK) Limited (“RBC GAM-UK”) and City National Rochdale, LLC (“City National”).

The mutual funds and amounts paid to the relevant RBC CM affiliate are as follows:

  • RBC SMID Cap Growth Fund – RBC GAM receives a 0.70% advisory fee.
  • RBC Enterprise Fund – RBC GAM receives an advisory fee equal to 1.00% of assets up to $30 million, and .90% of assets over $30 million.
  • RBC Small Cap Core Fund – RBC GAM receives a 0.85% advisory fee.
  • RBC Small Cap Value Fund – RBC GAM receives a 0.70% advisory fee.
  • RBC Microcap Value Fund – RBC GAM receives a 0.90% advisory fee.
  • Access Capital Community Investment Fund – RBC GAM receives an advisory fee of 0.35% of average daily net assets.
  • RBC Impact Bond Fund – RBC GAM receives an advisory fee of 0.35% of average daily net assets.
  • RBC BlueBay Emerging Market Debt Fund – RBC GAM receives a 0.65% advisory fee and BlueBay receives a sub-advisory fee.
  • RBC BlueBay High Yield Bond Fund – RBC GAM receives a 0.55% advisory fee and BlueBay receives a sub-advisory fee.
  • RBC BlueBay Core Plus Bond Fund – RBC GAM receives a 0.35% advisory fee.
  • RBC BlueBay Strategic Income Fund – RBC GAM receives a 0.53% advisory fee.
  • RBC Emerging Markets Equity Fund – RBC GAM receives a 0.80% advisory fee and RBC GAM-UK receives a sub-advisory fee.
  • RBC Global Equity Leaders Fund – RBC GAM receives a 0.65% advisory fee and RBC GAM-UK receives a sub-advisory fee.
  • RBC China Equity Fund – RBC GAM receives a 0.80% advisory fee and RBC GAM-UK receives a sub-advisory fee.
  • RBC Emerging Markets Value Equity – RBC GAM receives a 0.80% advisory fee and RBC GAM-UK receives a sub-advisory fee.
  • RBC Emerging Markets ex–China Equity Fund – RBC GAM receives a 0.80% advisory fee and RBC GAM-UK receives a sub-advisory fee.
  • RBC International Equity Fund – RBC GAM receives a 0.69% advisory fee and RBC GAM-UK receives a sub-advisory fee.
  • RBC International Small Cap Equity Fund – RBC GAM receives a 0.89% advisory fee and RBC GAM-UK receives a sub-advisory fee.
  • RBC Global Opportunities Fund – RBC GAM receives a 0.65% advisory fee and RBC GAM-UK receives a sub-advisory fee.
  • RBC International Opportunities Fund – RBC GAM receives a 0.70% advisory fee and RBC GAM-UK receives a sub-advisory fee.
  • RBC Short Duration Fixed Income Fund – RBC GAM receives a 0.30% advisory fee.
  • RBC Ultra-Short Fixed Income Fund – RBC GAM receives a 0.23% advisory fee.
  • City National Rochdale Government Money Market Fund – City National receives a 0.26% advisory fee.
  • City National Rochdale Government Bond Fund – City National receives a 0.43% advisory fee.
  • City National Rochdale Corporate Bond Fund – City National receives a 0.40% advisory fee.
  • City National Rochdale CA Tax Exempt Bond Fund – City National receives a 0.27% advisory fee.
  • City National Rochdale Muni High IncomeFund – City National receives a 0.50% advisory fee.
  • City National Rochdale Intermediate Fixed Income Fund – City National receives a 0.40% advisory fee.
  • City National Rochdale Fixed Income Opportunities Fund – City National receives a 0.50% advisory fee.
  • City National Rochdale Equity Income Fund – City National receives a 0.50% advisory fee.
  • City National Rochdale U.S. Core Equity Fund – City National receives a 0.40% advisory fee.

Any changes to the above fees paid to the RBC CM affiliate will be communicated to you via a prospectus update for the particular funds in which your plan or its participants are invested.

Investment and insurance products offered through RBC Capital Markets, LLC are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.