Like many securities firms, RBC CM receives payments from fund companies. RBC CM uses this money for general marketing and Financial Advisor educational programs, to offset compliance and product management costs, and to support client education programs and seminars. In return for the payments, fund companies are given access to our branch offices for the purpose of educating our Financial Advisors and informing them about available products. Our Financial Advisors do not receive any extra commission for selling funds from these companies. Each Financial Advisor individually evaluates the funds and then works with you to choose the appropriate investment for your financial needs. RBC WM has a conflict of interest associated with utilizing these third party providers that make payments to RBC.
The fund companies generally make these payments, which may be based on assets and/or sales volume, to RBC CM via the fund’s distributor, investment advisor, or other entity from the management fees they earn. More information on payments may be found in a fund’s prospectus or Statement of Additional Information (SAI). Financial Advisors may receive a portion of these payments for distribution and servicing expenses related to shares of money market funds included as sweep options to cash accounts. The payment formula is consistent for Financial Advisors on all of these funds.
The following list represents the fund companies making asset and/or sales-based financial payments to RBC CM, in order of financial contribution, from November 1, 2020 to October 31, 2021:
American Funds, Blackrock, Franklin Templeton, RBC, Lord Abbett, Thornburg, Invesco, JP Morgan, Federated, Pioneer, Hartford, Russell, JANUS, Virtus, ACAP, Ivy, Putnam, Gabelli, AB, Goldman Sachs, Principal, DWS, Dreyfus, PIMCO, Delaware, John Hancock, Wells Fargo, Alger, Touchstone, VOYA, Prudential, DoubleLine Funds, Wasatch, Calamos Funds, Nuveen, Lazard Funds, Cohen & Steers, Madison, Guggenheim, Mainstay, Carillon, First Eagle, Matthews International, Harding Loevner Funds, AIG, AQR, AMG, Baron, Polen, MFS, Natixis, Amana, Payden and Rygel, LoCorr, American Beacon, Manning & Napier Funds, Neuberger & Berman, Cullen Funds, Kensington, Causeway, Tocqueville, Van Eck, Emerald Funds, Altegris, First Trust, Buffalo Funds, Conestoga, North Square, Pax World Funds, ALPS Funds, Stadion, Burnham, Keeley Investments, Destra, Guinness Atkinson Funds, PMC Funds, Weitz Fund, IVA Funds, T. Rowe Price, AlphaCentric, Marketfield, Reaves Asset Management, Gavekal, Astor, Cambiar Funds, Columbia, Direxion Funds, Weitz Funds, Brandes, Transamerica, Profunds, Dunham & Associates, Davis Funds, Mirae, First National, Zacks
The following list represents the fund companies making payments that can be based on either a per-account fee or asset-based position fee, in order of total payment received, from November 1, 2020 to October 31, 2021:
American Funds, Blackrock, T. Rowe Price, Invesco, PIMCO, Franklin Templeton, MFS, Putnam, Fidelity, Lord Abbett, JP Morgan, Columbia, Virtus Investments, Janus, Prudential, Artisan, Mainstay, Pioneer, First Eagle, AB, Federated, Alger, Thornburg, Principal, Natixis, John Hancock, Legg Mason, Calamos Funds, Hartford, Delaware, Eaton Vance, Nuveen, Morgan Stanley, Victory, Parnassus, DWS, Ivy, Wells Fargo, Transamerica, Russell, DoubleLine Funds, Guggenheim, Goldman Sachs, American Century, Gabelli, Davis Funds, Pax World, FPA Funds, Dreyfus, Neuberger & Berman, Polen, Carillon, Touchstone, Champlain, Harding Loevner Funds, Madison, Diamond Hill, Spirit Of America, Oakmark, WCM, VOYA, AMG, Cohen & Steers, Metropolitan West Funds, Alphacentric, AIG, Calvert, Marshfield, JOHCM, DFA, Infinity Q, Pacific Funds, Royce, Harbor Funds, RBC, American Beacon, Westwood, Conestoga , Princeton, Causeway Funds, Angel Oak, Jensen Funds, William Blair & Co, Rivernorth Funds, Swan, UBS Funds, Lazard Funds, LoCorr Funds, Phaeacian Funds, TCW Galileo Funds, Catalyst Funds, TIAA Cref, Wasatch, Matthews International, Port Street, Abbey Capital, Brookfield, Mirae, Kopernik Funds, Boston Common, Akre, Van Eck, AQR Funds, Kinetics Asset Mgmt Inc, Nationwide, Blackstone, Barings, Olstein, Tortoise, Cullen Funds, Brandes, Mairs & Power, Aberdeen Funds, Edgewood, Weitz, Sterling Capital, USAA Funds, Riverbridge, Brown Capital, Rational Funds, Campbell, Miller Funds, Manning and Napier Funds, Seafarer, Third, Keeley Investments, DF Dent, Frost, Poplar Forest Partners, Salient, Baillie Gifford, Highland, Fuller Thaler, Permanent Portfolio, Altegris Funds, FAM, SEI, Amana Funds, World Funds, IVA Funds, Buffalo Funds, North Square, Alps Funds, 361 Funds, Chiron, Astor, GQG, Kensington, Riverpark, Emerald Funds, Castle Funds, Stadion, Cavalier, Boston Partners, New Alternatives, BBH Funds, Hotchkis & Wiley, Integrity, Boston Trust & Walden, Advisor Asset Management, SouthernSun Funds, Driehaus Securities Corp, Sierra, EIC Value Fund, Aquila, Osterweis Funds, Tweedy Browne, Centerstone, Glenmede, Saratoga, Chartwell, Cambiar Funds, Gavekal, Wildermuth, Maingate, Leuthold, IM Global, Evermore Funds, CRA Qualified Investment Fund, Arrow Funds, Arbitrage Funds, Gotham Funds, Pinnacle Capital Management, Portfolio 21, Balter Funds, Marketfield, First Trust, Principal Street Partners, Jackson Square, Shelton Capital, Payden and Rygel, Guinness Atkinson Funds, Hancock Horizon, Segall Bryant & Hamill, Nuance, Stifel Nicolaus, Centre Funds, Destra Funds, Snow Capital, Good Harbor, Oak Associates, 13D Activist, Charles Schwab, Covered Bridge, API, Thompson Plumb Growth Fund, Profunds, First Foundation, Forward Funds, Polaris Funds, Aristotle Funds, PCS Commodities, Tocqueville, Reaves Asset Management, JAG, PMC Funds, Grandeur Peak, Stringer, Green Century, AXS, Quaker Funds, Navigator, Dunham & Associates Investment, CMG, Appleseed, SSGA Funds, City National Rochdale, Dearborn Partners, Longboard, USA Mutuals, Vulcan Value Partners, Clough, BTS Funds, Huber Capital Management, Thomas White Funds, AL Frank Funds, Power Funds, RJL, Intrepid Capital Funds, Absolute Advisors, Chase Investments, Direxion, Lebenthal Lisanti, Shenkman, X Square, Zacks, Euro Pacific, Redwood, Private Capital Management, Fulcrum, Thrivent
This information is updated annually. Investors should carefully consider the investment objectives, risks, charges and expenses of a fund before investing. Prospectuses containing this and other information about the fund are available by contacting your Financial Advisor. Please read the prospectus carefully before investing to make sure that the fund is appropriate for your goals and risk tolerance.