Fund affiliates may annually pay RBC Capital Markets amounts ranging from less than 0.01% to 0.25% of the value of client assets held with RBC Capital Markets. These payments are a reimbursement of operational and administrative services that we provide to help offset the cost of managing shareholder accounts, which may 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 WM has a conflict of interest in choosing higher expense ratio share classes where we receive payments from fund families to help offset certain operational costs that RBC WM incurs in connection with distributing mutual funds.

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

• 13D Activist
• 361 Funds
• AB
• Abbey Capital
• Aberdeen Funds
• Absolute Advisors
• Advisor Asset Management
• AIG
• Akre
• AL Frank Funds
• Alger
• Alphacentric
• Alps Funds
• Altegris Funds
• Amana Funds
• American Beacon
• American Century
• American Funds
• AMG
• Angel Oak
• API
• Appleseed
• AQR Funds
• Aquila
• Arbitrage Funds
• Aristotle Funds
• Arrow Funds
• Artisan
• Astor
• AXS
• Baillie Gifford
• Balter Funds
• Barings
• BBH Funds
• Blackrock
• Blackstone
• Boston Common
• Boston Partners
• Boston Trust & Walden
• Brandes
• Brookfield
• Brown Capital
• BTS Funds
• Buffalo Funds
• Calamos Funds
• Calvert
• Cambiar Funds
• Campbell
• Carillon
• Castle Funds
• Catalyst Funds
• Causeway Funds
• Cavalier
• Centerstone
• Centre Funds
• Champlain
• Charles Schwab
• Chartwell
• Chase Investments
• Chiron
• City National Rochdale
• Clough
• CMG
• Cohen & Steers
• Columbia
• Conestoga
• Covered Bridge
• CRA Qualified Investment Fund
• Cullen Funds
• Davis Funds
• Dearborn Partners
• Delaware
• Destra Funds
• DF Dent
• DFA
• Diamond Hill
• Direxion
• DoubleLine Funds
• Dreyfus
• Driehaus Securities Corp
• Dunham & Associates Investment
• DWS
• Eaton Vance
• Edgewood
• EIC Value Fund
• Emerald Funds
• Euro Pacific
• Evermore Funds
• FAM
• Federated
• Fidelity
• First Eagle
• First Foundation
• First Trust
• Forward Funds
• FPA Funds
• Franklin Templeton
• Frost
• Fulcrum
• Fuller Thaler
• Gabelli
• Gavekal
• Glenmede
• Goldman Sachs
• Good Harbor
• Gotham Funds
• GQG
• Grandeur Peak
• Green Century
• Guggenheim
• Guinness Atkinson Funds
• Hancock Horizon
• Harbor Funds
• Harding Loevner Funds
• Hartford
• Highland
• Hotchkis & Wiley
• Huber Capital Management
• IM Global
• Infinity Q
• Integrity
• Intrepid Capital Funds
• Invesco
• IVA Funds
• Ivy
• Jackson Square
• JAG
• Janus
• Jensen Funds
• JOHCM
• John Hancock
• JP Morgan
• Keeley Investments
• Kensington
• Kinetics Asset Mgmt Inc
• Kopernik Funds
• Lazard Funds
• Lebenthal Lisanti
• Legg Mason
• Leuthold
• LoCorr Funds
• Longboard
• Lord Abbett
• Madison
• Maingate
• Mainstay
• Mairs & Power
• Manning and Napier Funds
• Marketfield
• Marshfield
• Matthews International
• Metropolitan West Funds
• MFS
• Miller Funds
• Mirae
• Morgan Stanley
• Nationwide
• Natixis
• Navigator
• Neuberger & Berman
• New Alternatives
• North Square
• Nuance
• Nuveen
• Oak Associates
• Oakmark
• Olstein
• Osterweis Funds
• Pacific Funds
• Parnassus
• Pax World
• Payden and Rygel
• PCS Commodities
• Permanent Portfolio
• Phaeacian Funds
• PIMCO
• Pinnacle Capital Management
• Pioneer
• PMC Funds
• Polaris Funds
• Polen
• Poplar Forest Partners
• Port Street
• Portfolio 21
• Power Funds
• Princeton
• Principal
• Principal Street Partners
• Private Capital Management
• Profunds
• Prudential
• Putnam
• Quaker Funds
• Rational Funds
• RBC
• Reaves Asset Management
• Redwood
• Riverbridge
• Rivernorth Funds
• Riverpark
• RJL
• Royce
• Russell
• Salient
• Saratoga
• Seafarer
• Segall Bryant & Hamill
• SEI
• Shelton Capital
• Shenkman
• Sierra
• Snow Capital
• SouthernSun Funds
• Spirit Of America
• SSGA Funds
• Stadion
• Sterling Capital
• Stifel Nicolaus
• Stringer
• Swan
• T. Rowe Price
• TCW Galileo Funds
• Third
• Thomas White Funds
• Thompson Plumb Growth Fund
• Thornburg
• Thrivent
• TIAA Cref
• Tocqueville
• Tortoise
• Touchstone
• Transamerica
• Tweedy Browne
• UBS Funds
• USA Mutuals
• USAA Funds
• Van Eck
• Victory
• Virtus Investments
• VOYA
• Vulcan Value Partners
• Wasatch
• WCM
• Weitz
• Wells Fargo
• Westwood
• Wildermuth
• William Blair & Co
• World Funds
• X Square
• Zacks