Mutual Fund Arrangements


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, 2019 to October 31, 2020: RBC, American Funds, Federated, Blackrock, Franklin Templeton, Thornburg, Lord Abbett, Invesco, JP Morgan Funds, Pioneer, Hartford, Russell Investments, Allianz, Janus Henderson, Putnam, Ivy Funds, Goldman Sachs, Gabelli, AB, Principal Funds, PIMCO, DWS, Dreyfus, Delaware, Wells Fargo, Doubleline Funds, IVA Funds, John Hancock, PGIM Investments, Alger, Touchstone, Wasatch, Nuveen, VOYA, Calamos Funds, First Trust, Lazard Funds, Cohen & Steers, First Eagle, Madison, AIG, Mainstay, Guggenheim, Carillon, Voya Funds, Harding Loevner Funds, Matthews International, AMG Funds, Natixis, AQR Funds, T. Rowe Price, Baron, Morgan Stanley, Fidelity Advisors, Polen Capital Management, Payden & Rygel, Locorr Funds, American Beacon, Amana Funds, Amana Funds, Neuberger & Berman, Cullen Funds, MFS, Tocqueville, Manning & Napier, Causeway Funds, Vanguard, Legg Mason, Altegris Funds, Emerald Funds, Van Eck, Stadion Funds, Columbia Funds, Westwood, FPA Funds, Transamerica, Victory, ALPS Funds, Columbia Threadneedle, Buffalo Funds, Conestoga Funds, Pax World Funds, American Century, Keeley Investments, PMC Funds, Princeton, Reaves Asset Management, Marketfield, Burnham Funds, Deer Park, Icon Mutual Funds, Alphacentric, Brookfield Asset Management, Brown Advisors, Aquila, State Street Global Advisors (SSGA), Brandes Funds, Weitz Funds, Astor, Davis Funds, Eaton Vance, Frost Funds, Aristotle, Olstein Funds, Swan, Riverfront Investment Group, Cambiar Funds, Catalyst, BNY Mellon, Dunham & Associates, Rivernorth Funds, Eagle Funds, Gavekal, Alkeon Investments, Aberdeen, IM Global, Centerstone Investors, Virtus, Artisan Funds, Credit Suisse Funds, Angel Oak, Blackstone, JOHCM Funds, Zacks Dividend, Direxion, Sterling Capital Funds, Mairs & Power, Destra Funds, Arbitrage Fund, Pacific Funds, Pacific Advisor, Advisory Research, Guinness Atkinson Funds, Saratoga, James Advantage Funds, Marshfield, Eagle MLP, Advisors Asset Management, Kaufman Funds, Direxion Funds, Maingate, Stringer, Northern Trust, Oak Ridge, Mutual Hedge Frontier Legends, REMS, Integrity, Yorktown Funds.

RBC CM also receives payments to help offset the cost of managing shareholder accounts. These expenses include sending shareholder statements, maintaining shareholder records and performing regulatory mailings. RBC WM has a conflict of interest in utilizing firms that make payments to RBC WM over firms that do not make payments. 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 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, 2019 to October 31, 2020: American Funds, Blackrock, Invesco, T. Rowe Price, Franklin Templeton, PIMCO, MFS, Putnam, Lord Abbett, Fidelity Advisors, JP Morgan Funds, Janus, First Eagle, Columbia Funds, Pioneer, AB, Prudential, Natixis Funds, Thornburg, Artisan, Mainstay, Federated, Principal Funds, Legg Mason, Nuveen Flagship Funds, Hartford, Eaton Vance, John Hancock, Russell Investments, Allianz, Alger, Victory, Ivy Mackenzie, Calamos Funds, Transamerica Premier, Wells Fargo, Virtus Investments, Parnassus, DWS, FPA Funds, Gabelli, Guggenheim, Diamond Hill Funds, Goldman Sachs, Davis Funds, American Century, Oakmark, AIG, Spirit of America, Dreyfus, Carillon, Harding Loevner Funds, Neuberger & Berman, AMG Funds, Polen Capital Management, Delaware, VOYA Funds, Morgan Stanley, Champlain, Pax World Funds, Cohen & Steers, Touchstone, Metropolitan West Funds, Fidelity Investments, JOHCM Funds, WCM, DoubleLine Funds, American Beacon, Alphacentric, Marshfield, Pacific Funds, Westwood Holdings Group, DFA, Princeton, Angel Oak, Royce, Infinity Q, Catalyst Funds, RBC, Harbor Funds, Conestoga Funds, Madison, Rivernorth Funds, Brookfield, Tortoise, Causeway Funds, William Blair & Co, Swan, Jensen Funds, Calvert, UBS Funds, DoubleLine Funds, TCW Galileo Funds, Locorr Funds, Wasatch, Centerstone, Lazard Funds, IVA Funds, AQR Funds, TIAA Cref, Abbey Capital, Cullen Funds, Mairs And Power, RJL, Blackstone, Nationwide/Gartmore, Matthews International, Brandes Funds, Akre, Van Eck, Port Street, Kinetics Asset Mgmt Inc, Castle Funds, Aberdeen Funds, Madison, Barings Funds, Boston Partners, Saratoga, Integrity, Sterling Capital, Third, Kopernik Funds, BBH Funds, Poplar Forest Partners, Keeley Investments, Seafarer, Manning and Napier Funds, Weitz Funds, Highland, Stadion, Frost, Astor, Edgewood, World Funds, Boston Common, USAA Funds, Altegris Funds, Mirae, Cavalier, Salient, Miller Funds, Victory, Olstein, SEI, FAM, 361 Funds, Alps Funds, Riverpark, Permanent Portfolio, Amana Funds, Hotchkis & Wiley, Emerald Funds, Glenmede, Fuller Thaler, Buffalo Funds, Rational Funds, Cambiar Funds, Osterweis Funds, Driehaus Securities Corp, Tweedy Browne, Chartwell, Maingate, EIC Value Fund, Riverbridge, Aquila, Leuthold, Boston Trust & Walden, Arrow Funds, First Trust, Evermore Funds, New Alternatives, Wildermuth, Gavekal, Marketfield, Sierra, Gotham Funds, Campbell, Profunds, Portfolio 21, Tocqueville, PCS Commodities, Arbitrage Funds, CRA Qualified Investment Fund, Grandeur Peak, Snow Capital, Hancock Horizon, Balter Funds, Good Harbor, Reaves Asset Management, Equinox, API, Payden And Rygel, Pinnacle Capital Management, Stifel Nicolaus, Centre Funds, Charles Schwab & Co, Segall Bryant & Hamill, Advisor Asset Management, PNC Funds, Navigator, Thompson Plumb Growth Fund, Oak Associates, Forward Funds, Kensington, AXS, 13D Activist, Shelton Capital, Icon Mutual Funds, PMC Funds, Polaris Funds, Stringer, Jag Funds, Dunham & Associates Investment, Guinness Atkinson Funds, Appleseed, IM Global, Aristotle Funds, Quaker Funds, Mutual Hedge Frontier Legends, Green Century, GQG, Longboard Asset Mgmt, SSGA Funds, Nuance, CMG, Chiron, BTS Funds, Covered Bridge, USA Mutuals, Dearborn Partners, Vulcan Value Partners, DF Dent, Destra Funds, Thomas White Funds, Intrepid Capital Funds, Absolute Advisors, Al Frank Funds, Green Owl, City National Rochdale, Chase Investments, Clough, Caldwell & Orkin, Zacks, Redwood, Lebenthal Lisanti, Power Funds, MD Sass, Huber Capital Management, Private Capital Management, ACR, Advisory Research, Baillie Gifford.

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.

 

Investment and insurance products offered through RBC Wealth Management 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.

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