Mutual Fund Networking/Omnibus Fees

RBC CM receives payments from certain mutual fund affiliates annually in amounts ranging from less than 0.01% to 0.25% of the value of fund assets held with RBC CM. These payments are to compensate RBC CM for operational and administrative services that we provide and to help offset our costs of managing shareholder accounts, which include sending shareholder statements, maintaining shareholder records, performing regulatory mailings, and monitoring prospectus requirements.

More information on these payments may be found in a fund’s prospectus or SAI. RBC CM has a conflict of interest in offering certain funds and choosing share classes with higher expense ratios where we receive these payments.

The following are the mutual fund families with which we have such an arrangement and receive these types of payments. From time to time, we develop new relationships with additional fund families and will update this website as such.

This disclosure supplements the disclosures previously provided to ERISA qualified plans pursuant to Department of Labor Regulation section 2550.408b-2(c).

Fund Families

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.