RBC Global Asset Management Inc. announces changes to its RBC index fund lineup

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TORONTO, October 13, 2021 / CNW / – RBC Global Asset Management Inc. (“RBC GAM Inc.”) today announced a number of changes to its line of RBC index funds, including proposed launch of new funds, name changes , the capping of certain funds to new investors and the new designation of certain series of funds. All of these changes are subject to regulatory approval.

Expanded portfolio of RBC Index ETFs
Capitalizing on the Opportunities of the RBC iShares Strategic Alliance, RBC GAM Inc. to Expand its Line of Effective Index Solutions January 24, 2022, with the addition of five new RBC Index ETF funds (collectively, the “New Funds”). Each fund will invest in one or more iShares ETFs. Further details are included below:

RBC Index ETF Fund

Underlying iShares ETF (s)

RBC Global Bond Index ETF Fund

* IShares Core US Aggregate Bond 40% ETF

(AGG) / 60% iShares Core International

Aggregated Bond ETFs (IAGG) + Currency

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RBC Canadian Equity Index ETF Fund

iShares Core S & P / TSX Capped Composite

Index ETF (XIC)

RBC U.S. Equity Index ETF Fund

IShares Core S&P 500 ETF (IVV)

RBC Global Equity Index ETF Fund

IShares MSCI World ETF (URTH)

RBC Emerging Markets Equity Index ETF Fund

IShares Core MSCI Emerging Markets ETF

(IEMG)

* Target distribution. Actual allowance may vary.

A preliminary simplified prospectus relating to the new Funds has been filed with certain Canadian securities commissions or similar authorities. Units of the new Funds will not be available for purchase until the relevant securities commissions or similar authorities issue receipts for the simplified prospectus of the new Funds. See the preliminary simplified prospectus for more information on the new Funds.

Name changes of certain index funds
In addition, the following funds will be renamed as of January 24, 2022:

Current fund name

New fund name

RBC Canadian Bond Index Fund

RBC Canadian Bond Index ETF Fund

RBC U.S. Index Currency Neutral Fund

RBC U.S. Equity Currency Neutral Index ETF

Funds

RBC International Currency Neutral Index Fund

RBC International Equity Currency Neutral Index

ETF funds

Cap on certain index funds and re-designation of Series A units of certain index funds
Effective January 21, 2022 after 4 p.m. ET, RBC GAM Inc. will close the following funds (collectively, the “Funds”) to new investors:

  • RBC Canadian Government Bond Index Fund
  • RBC Canadian Index Fund
  • RBC U.S. Index Fund
  • RBC U.S. Index Currency Neutral Fund (Series A units only)
  • RBC International Index Currency Neutral Fund (Series A units only)

Current unitholders of the Funds will continue to be able to invest in the Funds after they are closed to new investors. Purchase orders from new investors will only be processed if they are submitted no later than 4 p.m. ET January 21, 2022.

In addition, Series A units of the Funds will be renamed Series DZ units as of January 24, 2022.

Fee Changes for Series A Units of RBC Canadian Bond Index Fund
Effective January 24, 2022 the management fee for Series A units of the RBC Canadian Bond Index Fund will be reduced from 0.60% to 0.59%.

Please consult your advisor and read the prospectus or fund facts before investing. Commissions, trailing commissions, management fees and expenses may be associated with investing in mutual funds. 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 iShares ETFs are comprised of RBC ETFs managed by RBC Global Asset Management Inc. and iShares ETFs managed by BlackRock Asset Management Canada Limited. 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 goal-oriented and principle-driven approach to delivering world-class performance. Our success comes from the more than 88,000 employees who use their imaginations and ideas to bring our vision, values ​​and strategy to life so that we can help our customers thrive and communities thrive. As from Canada largest bank and one of the largest in the world by market capitalization, we have a diverse business model driven by innovation and delivering exceptional experiences to our 17 million customers across Canada, the United States and 27 other countries. Learn more about rbc.com.

We are proud to support a wide range of community initiatives through donations, community investments and employee volunteer activities. See how to rbc.com/communauté-impact-social.

About RBC Global Asset Management
RBC Global Asset Management (RBC GAM) is the asset management arm of Royal Bank of Canada (RBC) and includes fund 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 retail investors through segregated accounts, mutual funds, mutual funds, hedge funds, exchange traded funds and specialized investment strategies. The RBC GAM group of companies manages approximately $ 580 billion assets and has around 1,500 employees spread across Canada, United States, Europe and Asia.

SOURCE RBC Global Asset Management Inc.

For further information: Brandon Dorey, RBC GAM Corporate Communications, [email protected], 416-955-7397

Related links

https://www.rbc.com/


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