TORONTO, Jan 2, 2025 /CNW/ – RBC Global Asset Management Inc. (RBC GAM Inc.) today announced the reduction of management fees for certain RBC and PH&N funds.
Reduction of management fees for certain RBC and PH&N funds
As indicated in the simplified prospectuses of the RBC and PH&N Funds, as the asset mix of the RBC Target Education Funds, RBC Retirement Portfolios and PH&N Target Retirement Funds becomes more conservative, the management fees of each fund will be reduced to take into account this less risky allocation. In addition, management fees for the RBC Select Conservative Portfolio will decrease.
Au 1is January 2025, the management fees of the following funds and their applicable series will decrease, as shown in the table below:
| Average weighting | Series | Management fees | |
| Current | From the | ||
| RBC Select Conservative Portfolio | A | 1,50 % | 1,45 % |
| RBC Select Conservative Portfolio | T5 | 1,50 % | 1,45 % |
| RBC Select Conservative Portfolio | F | 0,75 % | 0,70 % |
| RBC Select Conservative Portfolio | FT5 | 0,75 % | 0,70 % |
| RBC Blueprint 2025 Education Fund | A | 0,88 % | 0,30 % |
| RBC Blueprint 2025 Education Fund | D | 0,69 % | 0,30 % |
| RBC Blueprint 2025 Education Fund | F | 0,65 % | 0,20 % |
| RBC Blueprint 2030 Education Fund | A | 1,58 % | 1,40 % |
| RBC Blueprint 2030 Education Fund | D | 0,87 % | 0,78 % |
| RBC Blueprint 2035 Education Fund | A | 1,70 % | 1,45 % |
| RBC Retirement Portfolio 2030 | A | 1,70 % | 1,45 % |
| Phillips, Hager & North TARGET 2025 Retirement Fund | D | 0,80 % | 0,75 % |
| Phillips, Hager & North TARGET 2025 Retirement Fund | F | 0,55 % | 0,50 % |
| Phillips, Hager & North TARGET 2030 Retirement Fund | D | 0,85 % | 0,80 % |
| Phillips, Hager & North TARGET 2030 Retirement Fund | F | 0,60 % | 0,55 % |
| Phillips, Hager & North TARGET 2035 Retirement Fund | D | 0,90 % | 0,85 % |
| Phillips, Hager & North TARGET 2035 Retirement Fund | F | 0,65 % | 0,60 % |
| Phillips, Hager & North CIBLE 2040 Retirement Fund | D | 0,95 % | 0,90 % |
| Phillips, Hager & North CIBLE 2040 Retirement Fund | F | 0,70 % | 0,65 % |
| Phillips, Hager & North CIBLE 2045 Retirement Fund | D | 1,00 % | 0,95 % |
| Phillips, Hager & North CIBLE 2045 Retirement Fund | F | 0,75 % | 0,70 % |
| Phillips, Hager & North CIBLE 2050 Retirement Fund | D | 1,05 % | 1,00 % |
| Phillips, Hager & North CIBLE 2050 Retirement Fund | F | 0,80 % | 0,75 % |
| Phillips, Hager & North CIBLE 2055 Retirement Fund | D | 1,10 % | 1,05 % |
| Phillips, Hager & North CIBLE 2055 Retirement Fund | F | 0,85 % | 0,80 % |
| Phillips, Hager & North CIBLE 2060 Retirement Fund | D | 1,15 % | 1,10 % |
| Phillips, Hager & North CIBLE 2060 Retirement Fund | F | 0,90 % | 0,85 % |
| Phillips, Hager & North CIBLE 2065 Retirement Fund | D | 1,20 % | 1,15 % |
| Phillips, Hager & North CIBLE 2065 Retirement Fund | F | 0,95 % | 0,90 % |
Please consult your advisor and read the prospectus, document Fund Overview or the document ETF Overview before investing. Mutual fund investments may incur commissions, trailing fees and management fees and expenses. 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 RBC GAM Inc. and distributed by authorized dealers in Canada. RBC GMA Inc. is part of the RBC GAM group of companies and is an indirect, wholly-owned subsidiary of Royal Bank of Canada.
About RBC
The Royal Bank of Canada is a global financial institution defined by purpose, guided by principles and driven by performance. Our success is attributable to the approximately 98,000 employees who use their creativity and know-how to realize our vision, our values and our strategy so that we can contribute to the prosperity of our customers and the vitality of communities. According to the market capitalization, we are the largest bank in Canada and one of the largest banks in the world. We have adopted a diversified business model focused on innovation and delivering exceptional experiences to our more than 18 million customers in Canada, the United States and 27 other countries. To learn more, go to rbc.com.
We are proud to support a wide variety of community initiatives through donations, community investments and the volunteer work of our employees. To learn more, visit rbc.com/peopleandplanet.
About RBC Global Asset Management
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC). RBC GAM is a global provider of investment management services and solutions for institutional investors, high net worth clients and individuals. The Company offers separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialized investment strategies. RBC Funds, BlueBay Funds, PH&N Funds and RBC ETFs are offered by RBC Global Asset Management Inc. (RBC GAM Inc.) and distributed to Canada by authorized brokers. The RBC GAM group of companies, which includes RBC GAM Inc. (including PH&N Institutional) and RBC Indigo Asset Management Inc., manages approximately $680 billion in assets and has approximately 1,600 employees worldwide. Canadain the United States, Europe and in Asia.
For more information, please contact :
Brandon DoreyCommunications, RBC GMA, 647 262-6307
SOURCE RBC Global Asset Management Inc.
