TORONTO, June 27,
2024 /CNW/ - RBC Indigo Asset Management Inc. ("RBC
Indigo Inc.") today announced changes to several of its funds,
including the renaming of D Series and DT Series units, a
management fee reduction for certain funds and the introduction of
F Series units for RBC Indigo Pooled Funds and certain RBC Indigo
Mutual Funds.
Renaming of D Series and DT Series units of RBC Indigo
Funds
Effective June 27, 2024, D Series
and DT Series units of RBC Indigo Funds will be renamed to F Series
and FT Series units, respectively. F Series and FT Series units
will be available to investors with dealer sponsored
"fee-for-service" or "wrap" programs, order execution only ("OEO")
accounts, including discount brokers and other accounts where a
suitability assessment is not made.
Management fee reduction for certain RBC Indigo Funds
Effective June 27, 2024, the
management fees for F Series and FT Series units of the following
funds will be reduced:
|
|
Management
fee
|
Fund
|
Series
|
Current
|
Effective
June 27,
2024
|
RBC Indigo Mortgage
Fund
|
F
|
0.85 %
|
0.675 %
|
RBC Indigo Global
Corporate Bond Fund
|
F
|
1.00 %
|
0.75 %
|
RBC Indigo Emerging
Markets Debt Fund
|
F
|
1.00 %
|
0.75 %
|
RBC Indigo Monthly
Income Fund
|
F/FT
|
0.75 %
|
0.65 %
|
RBC Indigo U.S. Dollar
Monthly Income
|
F/FT
|
1.05 %
|
0.775 %
|
RBC Indigo Canadian
Balanced Fund
|
F
|
0.90 %
|
0.85 %
|
RBC Indigo Dividend
Fund
|
F
|
0.90 %
|
0.75 %
|
RBC Indigo Equity
Fund
|
F
|
0.90 %
|
0.75 %
|
RBC Indigo Emerging
Markets Fund
|
F
|
1.25 %
|
1.125 %
|
RBC Indigo Emerging
Markets Fund II
|
F
|
1.25 %
|
1.125 %
|
RBC Indigo Chinese
Equity Fund
|
F
|
1.25 %
|
1.125 %
|
RBC Indigo Indian
Equity Fund
|
F
|
1.25 %
|
1.125 %
|
RBC Indigo Inc. reviews management fees on an ongoing basis.
Introduction of F Series units of certain RBC Indigo
Funds
Effective on or around July 8,
2024, RBC Indigo Inc. will introduce F Series units of RBC
Indigo Pooled Funds, RBC Indigo Index Funds and the RBC Indigo
Canadian Short/Mid Bond Fund (collectively, the "Funds"). F Series
units of the Funds will be available to investors with dealer
sponsored "fee-for-service" or "wrap" programs, order execution
only ("OEO") accounts, including discount brokers and other
accounts where a suitability assessment is not made. Units of the
existing series of RBC Indigo Pooled Funds will be named the Pooled
Series.
F Series units will be introduced for the following funds:
Series
|
Series
|
Management
Fee
|
RBC Indigo Canadian
Short/Mid Bond Fund
|
F
|
0.50 %
|
RBC Indigo Equity Index
Fund
|
F
|
0.50 %
|
RBC Indigo
International Equity Index Fund
|
F
|
0.50 %
|
RBC Indigo Emerging
Markets Equity Index Fund
|
F
|
0.50 %
|
RBC Indigo Canadian
Money Market Pooled Fund
|
F
|
0.35 %
|
RBC Indigo Canadian
Bond Pooled Fund
|
F
|
0.50 %
|
RBC Indigo Canadian
Dividend Pooled Fund
|
F
|
0.75 %
|
RBC Indigo Canadian
Equity Pooled Fund
|
F
|
0.75 %
|
RBC Indigo Canadian
Small Cap Equity Pooled Fund
|
F
|
1.00 %
|
RBC Indigo U.S. Equity
Pooled Fund
|
F
|
1.00 %
|
RBC Indigo
International Equity Pooled Fund
|
F
|
1.00 %
|
RBC Indigo Mortgage
Pooled Fund
|
F
|
0.675 %
|
RBC Indigo Global High
Yield Bond Pooled Fund
|
F
|
0.75 %
|
RBC Indigo Global
Inflation Linked Bond Pooled Fund
|
F
|
0.675 %
|
RBC Indigo Emerging
Markets Pooled Fund
|
F
|
1.125 %
|
RBC Indigo Emerging
Markets Debt Pooled Fund
|
F
|
0.75 %
|
RBC Indigo Global Real
Estate Equity Pooled Fund
|
F
|
1.00 %
|
Non-resident investors
Effective immediately, other than on an exception basis, RBC
Indigo will not accept purchase orders for clients who are
non-residents of Canada. A
non-resident is a person residing in a foreign country, including a
person that is temporarily residing in a foreign country or a
resident of a foreign country for tax purposes. This applies to all
account types.
Clients with existing holdings in units of the RBC Indigo Mutual
Funds and Pooled Funds who are or become non-residents may continue
to hold their units in the funds. However, additional purchases,
including pre-authorized contributions, of existing or new funds
will not be accepted. Redemptions, reinvestment of distributions
and reclassifications (i.e. switches between series of the same
fund) will be permitted.
Additional information can be found in the simplified prospectus
of the RBC Indigo Mutual Funds and Pooled Funds at
https://www.rbcindigo.com.
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 Indigo Mutual Funds and Pooled Funds are offered by RBC
Indigo Inc. and distributed through authorized dealers in
Canada. RBC Indigo Inc. is a
member of the RBC GAM group of companies and a 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 18 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/community-social-impact.
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 $625 billion in assets
and have approximately 1,600 employees located across Canada, the United
States, Europe and
Asia.
SOURCE RBC Global Asset Management Inc.