Management and administration fee reductions for certain RBC Funds
Effective
Fund | Series | Management Fee | |
Current | Effective | ||
RBC Select Conservative Portfolio | A | 1.53 % | 1.50 % |
RBC Select Conservative Portfolio | T5 | 1.58 % | 1.50 % |
RBC Select Balanced Portfolio | F & FT5 | 0.80 % | 0.78 % |
RBC Select Aggressive Growth Portfolio | F & FT5 | 0.90 % | 0.85 % |
RBC Managed Payout Solution | A | 1.39 % | 1.35 % |
RBC Managed Payout Solution – Enhanced | A | 1.45 % | 1.40 % |
RBC Select Choices Conservative Portfolio | A | 1.68 % | 1.60 % |
RBC Select Choices Conservative Portfolio | F | 0.95 % | 0.85 % |
RBC Select Choices Balanced Portfolio | A | 1.87 % | 1.85 % |
RBC Select Choices Balanced Portfolio | F | 1.00 % | 0.85 % |
RBC Select Choices Growth Portfolio | A | 2.06 % | 1.85 % |
RBC Select Choices Growth Portfolio | F | 1.05 % | 0.85 % |
A | 2.25 % | 1.85 % | |
F | 1.10 % | 0.85 % | |
A | 1.50 % | 1.35 % | |
D | 0.90 % | 0.75 % | |
F | 0.75 % | 0.60 % |
Fund | Series | Administration Fee | |
Current | Effective | ||
A, D, DZ & F | 0.10 % | 0.05 % | |
O | 0.10 % | 0.02 % | |
O | 0.10 % | 0.02 % | |
O | 0.10 % | 0.02 % |
Administration fees are used to pay for the following operating expenses of a fund: regulatory filing fees, fees and expenses associated with the Independent Review Committee, recordkeeping, accounting and fund valuation costs, custody fees, audit and legal fees, the costs of preparing and distributing annual and interim reports, prospectuses, fund facts, ETF facts, statements and other investor communications.
Changes to the asset allocation strategy or "glidepath" for the existing PH&N LifeTime (2015 to 2060) Funds
The PH&N LifeTime Funds are designed primarily for investors who are saving money for the purpose of retirement, and use a "glidepath" that adjusts the asset mix of the particular
Current | New | ||
Asset Mix (Fixed income funds (%) / Equity funds (%)) | Asset Mix (Fixed income funds (%) / Equity funds (%)) | ||
At age 21 | 23/77 | At age 25 | 7/93 |
From ages 21 to | Equity allocation decreases as asset mix becomes more conservative | From ages 25 to | Equity allocation decreases as |
At age 65 | 65/35 | At age 65 | 69/31 |
Age 65+ | Equity allocation will continue to | Age 65+ | Asset mix will remain the same at |
With these glidepath changes, the current asset mix for the PH&N LifeTime Funds will have a decrease in allocation to fixed income funds, and a corresponding increase in allocation to equity funds.
Asset mix: PH&N LifeTime (2015 to 2060) Funds
Target Retirement | Fixed income funds (%) / (Current) | Fixed income funds (%) (New) |
2015 | 70/30 | 69/31 |
2020 | 69/31 | 69/31 |
2025 | 64/36 | 66/34 |
2030 | 56/44 | 52/48 |
2035 | 54/46 | 40/60 |
2040 | 52/48 | 28/72 |
2045 | 46/54 | 19/81 |
2050 | 40/60 | 15/85 |
2055 | 28/72 | 11/89 |
2060 | 24/76 | 8/92 |
The percentages may vary up to 15% above or below the weightings indicated in the table, as
described in the simplified prospectus for the PH&N LifeTime Funds. There are minimal changes to the asset mix for the PH&N LifeTime (2015 to 2030) Funds.
Risk rating changes
The risk rating for certain RBC Funds has changed. These changes will be reflected in the applicable Fund Facts as part of the renewal of the simplified prospectus for RBC Funds, which is expected to be filed on or around
These changes are based on the methodology mandated by the Canadian Securities Administrators to determine the risk level of mutual funds.
Risk rating increase
Fund | Current | New |
Low | Low to Medium | |
Low | Low to Medium | |
RBC Retirement 2020 Portfolio | Low | Low to Medium |
Risk rating decrease
Fund | Current | New |
RBC Target 2025 | Low to Medium | Low |
Re-Opening of Series F units of
Effective
Please consult your advisor and read the prospectus, Fund Facts or ETF 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, BlueBay Funds and PH&N Funds are offered by
About RBC
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About RBC Global Asset Management
RBC Global Asset Management (RBC GAM) is the asset management division of
SOURCE RBC Global Asset Management Inc.
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