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, and administrative service fees are paid for services that include maintaining financial records, coordinating required mailings and regulatory filings, and overseeing third party administrators. For more information please consult the prospectus or SAI for the fund that will be provided to you at the time of your investment in the fund.

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"), City National Rochdale, LLC (“City National”), Matthews International Capital Management, LLC (“Matthews”), LMCG Investments, LLC (“LMCG”), and O’Shaughnessy Asset Management (“O’Shaughnessy”).

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

  • RBC SMID Cap Growth Fund – RBC GAM receives a .70% advisory fee, plus a .075% administrative services 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, plus a .075% administrative services fee.
  • RBC Small Cap Core Fund – RBC GAM receives a .85% advisory fee, plus a .075% administrative services fee.
  • RBC Small Cap Value Fund – RBC GAM receives a .80% advisory fee
  • RBC Microcap Value Fund – RBC GAM receives a .90% advisory fee, plus a .075% administrative services fee.
  • RBC Mid Cap Value Fund – RBC GAM receives a .70% advisory fee, plus a .075% administrative services fee.
  • Access Capital Community Investment Fund – RBC GAM receives an advisory fee of 0.50% of average daily net assets.
  • RBC BlueBay Emerging Market Select Bond Fund – RBC GAM receives a .75% advisory fee and 87.5% of the net advisory fee received by RBC GAM (after waivers and reimbursements) is paid to BlueBay as a subadvisory fee.
  • RBC BlueBay Emerging Market Corporate Bond Fund – RBC GAM receives a .85% advisory fee and 87.5% of the net advisory fee received by RBC GAM (after waivers and reimbursements) is paid to BlueBay as a subadvisory fee.
  • RBC BlueBay Emerging Market Unconstrained Fixed Income Fund – RBC GAM receives a 1.15% advisory fee and 87.5% of the net advisory fee received by RBC GAM (after waivers and reimbursements) is paid to BlueBay as a subadvisory fee.
  • RBC BlueBay Global High Yield Bond Fund – RBC GAM receives a .70% advisory fee and 87.5% of the net advisory fee received by RBC GAM (after waivers and reimbursements) is paid to BlueBay as a subadvisory fee.
  • RBC BlueBay Global Convertible Bond Fund – RBC GAM receives .75% advisory fee and 87.5% of the net advisory fee received by RBC GAM (after waivers and reimbursements) is paid to BlueBay as a subadvisory fee.
  • RBC BlueBay Absolute Return Fund – RBC GAM receives a .75% advisory fee and 87.5% of the net advisory fee received by RBC GAM (after waivers and reimbursements) is paid to BlueBay as a subadvisory fee.
  • RBC BlueBay Total Return Credit Fund – RBC GAM receives a .85% advisory fee and 87.5% of the net advisory fee received by RBC GAM (after waivers and reimbursements) is paid to BlueBay as a subadvisory fee.
  • RBC Emerging Markets Equity Fund - RBC GAM receives a .95% advisory fee and RBC GAM-UK receives a .50% sub advisory fee.
  • RBC Emerging Markets Small Cap Equity Fund – RBC GAM receives a 1.25% advisory fee and RBC GAM-UK receives a .65% sub advisory fee.
  • RBC Global Opportunities Fund – RBC GAM receives a .85% advisory fee and RBC GAM-UK receives a .45% subadvisory fee.
  • RBC International Opportunities Fund – RBC GAM receives a .80% advisory fee and RBC GAM-UK receives a .45% subadvisory fee.
  • RBC Short Duration Fixed Income Fund – RBC GAM receives a .30% advisory fee.
  • RBC Ultra-Short Fixed Income Fund – RBC GAM receives a .25% advisory fee.
  • City National Rochdale Government Money Market Fund – City National receives a .26% advisory fee, plus a .02% administrative services fee.
  • City National Rochdale Prime Money Market Fund – City National receives a .25% advisory fee, plus a .03% administrative services fee.
  • City National Rochdale CA Tax Exempt Money Market – City National receives a .27% advisory fee, plus a .03% administrative services fee.
  • City National Rochdale Government Bond Fund – City National receives a .43% advisory fee, plus a .09% administrative services fee.
  • City National Rochdale Corporate Bond Fund – City National receives a .40% advisory fee, plus a .10% administrative services fee.
  • City National Rochdale CA Tax Exempt Bond Fund – City National receives a .27% advisory fee, plus a .13% administrative services fee.
  • City National Rochdale Municipal High Yield Fund – City National receives a .45% advisory fee, plus a .03% administrative services fee.
  • City National Rochdale High Yield Bond Fund – City National receives a .60% advisory fee, plus a .14% administrative services fee.
  • City National Rochdale Intermediate Fixed Income Fund – City National receives a .40% advisory fee, plus a .06% administrative services fee.
  • City National Rochdale Fixed Income Opportunities Fund – City National receives a .50% advisory fee, plus a .02% administrative services fee.
  • City National Rochdale Multi-Asset Fund – City National receives a .50% advisory fee, plus a .57% administrative services fee.
  • City National Rochdale Dividend and Income Fund – City National receives a .50% advisory fee, plus a .08% administrative services fee.
  • City National Rochdale U.S. Core Equity Fund – City National receives a .40% advisory fee, plus a .07% administrative services fee.
  • City National Rochdale Socially Responsible Equity Fund – City National receives a .75% advisory fee, plus a .06% administrative services fee.
  • City National Rochdale Emerging Markets Fund – City National receives a 1.00 % advisory fee, plus a .03% administrative services fee.
  • Hennessy large Value Investor Class – Hennessy receives a .85% advisory fee, plus a .10% administrative services fee, and RBC GAM receives a .35% sub-advisory fee.
  • AMC Micro-Cap Service Fund – RBC CM receives a 1.00% advisory fee, plus a .25% administrative services fee.
  • O’Shaughnessy All Cap Core Class A – O’Shaughnessy receives a .55% advisory fee, plus a .23% administrative services fee.
  • O’Shaughnessy All Cap Core Class C – O’Shaughnessy receives a .55% advisory fee, plus a .22% administrative services fee.
  • O’Shaughnessy All Cap Core Class I – O’Shaughnessy receives a .55% advisory fee, plus a .22% administrative services fee.
  • O’Shaughnessy Enhanced Dividend Class I – O’Shaughnessy receives a .65% advisory fee, plus a .26% administrative services fee.
  • O’Shaughnessy Small/Mid Cap Growth Class I – O’Shaughnessy receives a .60% advisory fee, plus a 1.35% administrative services fee.
  • Matthews Asia Dividend Institutional – Matthews receives a management fee ranging between .60% and .75%, which can be reduced pursuant to stated conditions in the fee waiver letter agreement, plus an administration and shareholder servicing fee ranging between .05% and .25%, which can also be reduced pursuant to stated conditions in the fee waiver letter agreement.
  • Matthews Asia Dividend Investor – Matthews receives a management fee ranging between .60% and .75%, which can be reduced pursuant to stated conditions in the fee waiver letter agreement, plus an administration and shareholder servicing fee ranging between .05% and .25%, which can also be reduced pursuant to stated conditions in the fee waiver letter agreement.
  • Matthews Asia Growth Investor – Matthews receives a management fee ranging between .60% and .75%, which can be reduced pursuant to stated conditions in the fee waiver letter agreement, plus an administration and shareholder servicing fee ranging between .05% and .25%, which can also be reduced pursuant to stated conditions in the fee waiver letter agreement.
  • Matthews Asia Science and Tech Investor – Matthews receives a management fee ranging between .60% and .75%, which can be reduced pursuant to stated conditions in the fee waiver letter agreement, plus an administration and shareholder servicing fee ranging between .05% and .25%, which can also be reduced pursuant to stated conditions in the fee waiver letter agreement.
  • Matthews Asia Small Companies Investor – Matthews receives a management fee ranging between .95% and 1.0%, plus an administration and shareholder servicing fee ranging between .05% and .25%.
  • Matthews Asia Strategic Income Investor – Matthews receives a management fee of .65%, plus an administration and shareholder servicing fee ranging between .05% and .25%.
  • Matthews Asian Growth and Income Institutional – Matthews receives a management fee ranging between .60% and .75%, which can be reduced pursuant to stated conditions in the fee waiver letter agreement, plus an administration and shareholder servicing fee ranging between .05% and .25%, which can also be reduced pursuant to stated conditions in the fee waiver letter agreement.
  • Matthews Asian Growth and Income Investor – Matthews receives a management fee ranging between .60% and .75%, which can be reduced pursuant to stated conditions in the fee waiver letter agreement, plus an administration and shareholder servicing fee ranging between .05% and .25%, which can also be reduced pursuant to stated conditions in the fee waiver letter agreement.
  • Matthews China Dividend Investor – Matthews receives a management fee ranging between .60% and .75%, which can be reduced pursuant to stated conditions in the fee waiver letter agreement, plus an administration and shareholder servicing fee ranging between .05% and .25%, which can also be reduced pursuant to stated conditions in the fee waiver letter agreement.
  • Matthews China Investor – Matthews receives a management fee ranging between .60% and .75%, which can be reduced pursuant to stated conditions in the fee waiver letter agreement, plus an administration and shareholder servicing fee ranging between .05% and .25%, which can also be reduced pursuant to stated conditions in the fee waiver letter agreement.
  • Matthews China Small Companies – Matthews receives a management fee ranging between .95% and 1.0%, plus an administration and shareholder servicing fee ranging between .05% and .25%.
  • Matthews Emerging Asia Investor – Matthews receives a management fee ranging between .95% and 1.0%, plus an administration and shareholder servicing fee ranging between .05% and .25%.
  • Matthews India Investor – Matthews receives a management fee ranging between .60% and .75%, which can be reduced pursuant to stated conditions in the fee waiver letter agreement, plus an administration and shareholder servicing fee ranging between .05% and .25%, which can also be reduced pursuant to stated conditions in the fee waiver letter agreement.
  • Matthews Japan Investor – Matthews receives a management fee ranging between .60% and .75%, which can be reduced pursuant to stated conditions in the fee waiver letter agreement, plus an administration and shareholder servicing fee ranging between .05% and .25%, which can also be reduced pursuant to stated conditions in the fee waiver letter agreement.
  • Matthews Korea Investor – Matthews receives a management fee ranging between .60% and .75%, which can be reduced pursuant to stated conditions in the fee waiver letter agreement, plus an administration and shareholder servicing fee ranging between .05% and .25%, which can also be reduced pursuant to stated conditions in the fee waiver letter agreement.
  • Matthews Pacific Tiger Institutional – Matthews receives a management fee ranging between .60% and .75%, which can be reduced pursuant to stated conditions in the fee waiver letter agreement, plus an administration and shareholder servicing fee ranging between .05% and .25%, which can also be reduced pursuant to stated conditions in the fee waiver letter agreement.
  • Matthews Pacific Tiger Investor – Matthews receives a management fee ranging between .60% and .75%, which can be reduced pursuant to stated conditions in the fee waiver letter agreement, plus an administration and shareholder servicing fee ranging between .05% and .25%, which can also be reduced pursuant to stated conditions in the fee waiver letter agreement.
  • PACE International Emerging Markets Equity Class A – PACE receives a 1.00% advisory fee, plus a .10% administrative services fee. LMCG also receives .15% as a subadvisory fee.
  • PACE International Emerging Markets Equity Class C – PACE receives a 1.00% advisory fee, plus a .10% administrative services fee. LMCG also receives .15% as a subadvisory fee.
  • PACE International Emerging Markets Equity Class P – PACE receives a 1.00% advisory fee, plus a .10% administrative services fee. LMCG also receives .15% as a subadvisory fee.
  • PACE International Emerging Markets Equity Class Y – PACE receives a 1.00% advisory fee, plus a .10% administrative services fee. LMCG also receives .15% as a subadvisory fee.
  • PACE Small/Medium Co Growth Equity Class A – PACE receives a .70% advisory fee, plus a .10% administrative services fee. LMCG also receives .20% as a subadvisory fee.
  • PACE Small/Medium Co Growth Equity Class C – PACE receives a .70% advisory fee, plus a .10% administrative services fee. LMCG also receives .20% as a subadvisory fee.
  • PACE Small/Medium Co Growth Equity Class P – PACE receives a .70% advisory fee, plus a .10% administrative services fee. LMCG also receives .20% as a subadvisory fee.
  • PACE Small/Medium Co Growth Equity Class Y – PACE receives a .70% advisory fee, plus a .10% administrative services fee. LMCG also receives .20% as a subadvisory fee.
  • Touchstone Mid Cap Value Class A – Touchstone receives an advisory fee ranging between .75% and .85%, plus an administrative services fee ranging between .07% and .145%. LMCG also receives a sub-advisory fee ranging between .40% and .50%.
  • Touchstone Mid Cap Value Class C – Touchstone receives an advisory fee ranging between .75% and .85%, plus an administrative services fee ranging between .07% and .145%. LMCG also receives a sub-advisory fee ranging between .40% and .50%.
  • Touchstone Mid Cap Value Class Y – Touchstone receives an advisory fee ranging between .75% and .85%, plus an administrative services fee ranging between .07% and .145%. LMCG also receives a sub-advisory fee ranging between .40% and .50%.

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.

Non-deposit investment products offered through RBC Wealth Management are not FDIC insured, are not a deposit or other obligation of, or guaranteed by, a bank, and are subject to investment risks, including possible loss of the principal amount invested.