TORONTO, Dec. 12, 2019 /CNW/ - RBC Global Asset Management
Inc. (RBC GAM Inc.) today announced a reduction of management fees
for BlueBay Global Convertible Bond Funds/Classes. RBC GAM Inc.
reviews management fees on an ongoing basis. These reductions are
part of our commitment to remain a leader in delivering excellent
value to our clients.
All series of BlueBay Global Convertible Bond Fund (Canada), BlueBay $U.S. Global Convertible Bond
Fund (Canada), BlueBay Global
Convertible Bond Class (Canada)
and BlueBay $U.S. Global Convertible Bond Class (Canada) will have their management fees
reduced, including a 0.30% reduction on Series A, Advisor, D and F
versions. Effective January 1, 2020,
the management fees will be:
BlueBay Global
Convertible Bond Fund (Canada)
|
BlueBay Global
Convertible Bond Class (Canada)
|
Series
|
Management
Fee
|
|
Series
|
Management
Fee
|
Current
|
As of January 1,
2020
|
|
Current
|
As of January 1,
2020
|
A
|
1.65%
|
1.35%
|
|
A
|
1.65%
|
1.35%
|
Advisor
|
1.65%
|
1.35%
|
|
Advisor
|
1.65%
|
1.35%
|
Advisor T5
|
1.65%
|
1.35%
|
|
Advisor T5
|
1.65%
|
1.35%
|
T5
|
1.65%
|
1.35%
|
|
T5
|
1.65%
|
1.35%
|
H*
|
1.45%
|
1.35%
|
|
H*
|
1.45%
|
1.35%
|
D
|
1.05%
|
0.75%
|
|
D
|
1.05%
|
0.75%
|
F
|
0.90%
|
0.60%
|
|
F
|
0.90%
|
0.60%
|
FT5
|
0.90%
|
0.60%
|
|
FT5
|
0.90%
|
0.60%
|
I*
|
0.70%
|
0.60%
|
|
I*
|
0.70%
|
0.60%
|
*Effective June
30, 2016, Series H and Series I of these funds are no longer
available for purchase by new investors.
|
|
BlueBay $U.S.
Global Convertible Bond Fund (Canada)
|
BlueBay $U.S.
Global Convertible Bond Class (Canada)
|
Series
|
Management
Fee
|
|
Series
|
Management
Fee
|
Current
|
As of January 1,
2020
|
|
Current
|
As of January 1,
2020
|
A
|
1.65%
|
1.35%
|
|
A
|
1.65%
|
1.35%
|
Advisor
|
1.65%
|
1.35%
|
|
Advisor
|
1.65%
|
1.35%
|
Advisor T5
|
1.65%
|
1.35%
|
|
D
|
1.05%
|
0.75%
|
T5
|
1.65%
|
1.35%
|
|
F
|
0.90%
|
0.60%
|
D
|
1.05%
|
0.75%
|
|
|
|
|
F
|
0.90%
|
0.60%
|
|
|
|
|
FT5
|
0.90%
|
0.60%
|
|
|
|
|
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. 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 Global Asset Management
RBC Global Asset
Management (RBC GAM) is the asset management division of Royal
Bank of Canada (RBC) and includes
money managers BlueBay Asset Management and Phillips, Hager &
North Investment Management. 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. The RBC GAM group of companies
manage approximately $450 billion in
assets and have approximately 1,400 employees located across
Canada, the United States, Europe and Asia.
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 85,000+ employees who 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 17 million clients in Canada, the U.S. and 34 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/community-social-impact.
SOURCE RBC Global Asset Management