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:
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.