Mutual Fund Networking/Omnibus Fees
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).