RBC Global Asset Management Inc. announces fee reductions and changes to certain RBC Funds and appoints new sub-advisor for RBC International Equity Index Fund

TORONTO, April 17, 2025 /CNW/ – RBC Global Asset Management Inc. (“RBC GAM Inc.”) today announced changes to several funds, including management fee reductions and new fixed administration fees. In addition, BlackRock Asset Management Canada Limited has been appointed as sub-advisor for RBC International Equity Index Fund effective today.

Management fee reductions and new fixed administration fee for certain RBC Funds
As previously announced on January 7, 2025, the management of RBC Indigo Indian Equity Fund and RBC Indigo International Equity Index Fund (collectively, the “Transitioning Funds”) has today transitioned to RBC GAM Inc. and the Transitioning Funds are renamed as RBC India Equity Fund and RBC International Equity Index Fund, respectively.

Effective as of the close of business today, management fees have been reduced (where applicable) and the operating expenses changed from a floating operating expense to a fixed administration fee for the Transitioning Funds and their applicable series below. As part of these changes, the overall management expense ratios (“MERs”) are expected to be equal to or lower than those that are currently charged.

Effective today, Series AZ units (formerly, Investor Series) of the RBC International Equity Index Fund are no longer available for purchase by new investors. Investors who hold Series AZ units of the RBC International Equity Index Fund on April 17, 2025, can continue to make additional investments into the fund.

Administration fees are used to pay for the following operating expenses of a fund: regulatory filing fees, fees and expenses associated with the Independent Review Committee, recordkeeping, accounting and fund valuation costs, custody fees, audit and legal fees, the costs of preparing and distributing annual and interim reports, prospectuses, fund facts, ETF facts, statements and other investor communications

RBC GAM Inc. reviews management and administration fees on an ongoing basis.

In addition, the material service providers of the Transitioning Funds have changed effective as of the close of business today, as described below, to align with the service providers for RBC Funds:

BlackRock Asset Management Canada Limited appointed as sub-advisor for RBC International Equity Index Fund
BlackRock Asset Management Canada Limited has been appointed as sub-advisor for RBC International Equity Index Fund effective as of the close of business today. This appointment continues the long-standing relationship between RBC GAM Inc. and BlackRock Asset Management Canada Limited.

Please consult your advisor and read the prospectus or Fund Facts document before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. 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 through authorized dealers in Canada. RBC GAM Inc. is a member of the RBC GAM group of companies and an indirect wholly owned subsidiary of Royal Bank of Canada.

About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 98,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.‎

We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at 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 provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty 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 through authorized dealers in Canada. The RBC GAM group of companies, which includes RBC GAM Inc. (including PH&N Institutional) and RBC Indigo Asset Management Inc., manage approximately $710 billion in assets and have approximately 1,600 employees located across Canada, the United States, Europe and Asia.

For more information, please contact:
Jean François Thibault, RBC GAM Corporate Communications, jeanfrancois.thibault@rbc.com, 437-440-5099

SOURCE RBC Global Asset Management Inc.

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