Mutual Fund Arrangements
Like many securities firms, RBC CM receives payments from fund companies. RBC CM uses this money for general marketing and Financial Advisor educational programs, to offset compliance and product management costs, and to support client education programs and seminars. In return for the payments, fund companies are given access to our branch offices for the purpose of educating our Financial Advisors and informing them about available products. Our Financial Advisors do not receive any extra commission for selling funds from these companies. Each Financial Advisor individually evaluates the funds and then works with you to choose the appropriate investment for your financial needs.
The fund companies generally make these payments, which may be based on assets and/or sales volume, to RBC CM via the fund’s distributor, investment advisor, or other entity from the management fees they earn. More information on payments may be found in a fund’s prospectus or Statement of Additional Information (SAI). Financial Advisors may receive a portion of these payments for distribution and servicing expenses related to shares of money market funds included as sweep options to cash accounts. The payment formula is consistent for Financial Advisors on all of these funds.
The following list represents the fund companies making asset and/or sales-based financial payments to RBC CM, in order of financial contribution, from January 1, 2016, to October 31, 2016: RBC, Federated, American Funds, Franklin Templeton, Blackrock, Thornburg, Oppenheimer, Fidelity Advisors, JP Morgan Funds, Ivy Funds, Russell Fund Distributors, Lord Abbett, Hartford, Invesco, Putnam, Henderson Funds, Wells Fargo Funds, Deutsche, Pioneer, Alliancebernstein, PIMCO, Goldman Sachs, IVA Funds, Columbia Threadneedle, John Hancock, Doubleline Funds, Principal Funds, Voya, Dreyfus, Prudential, Allianz, Delaware, SunAmerica, First Eagle, Touchstone, Mainstay, First Trust, Gabelli, Lazard Funds, Nuveen, Calamos Funds, Guggenheim, Alger, Vanguard, AMG Funds, Wasatch, Natixis, Janus, Tocqueville, Sentinel Funds, Eagle Funds, AQR Funds, Alps, MFS, Harding Loevner Funds, American Beacon, Locorr Funds, RS Funds, Cohen & Steers, Legg Mason, Davis Funds, Cullen Funds, Baron, Transamerica, Matthews International, Weitz Investments, Buffalo Funds, Artisan Funds, Victory Capital, Neuberger & Berman, PNC Funds, Swan, Catalyst, Calvert Investments, Van Eck, Eaton Vance, Morgan Stanley, Stringer, Highland Funds, Payden And Rygel, Ridgeworth Funds, Stadion Funds, Equinox Funds, American Century, State Street Global Advisors (SSGA), Keeley Investments, Astor, ICON, Eventide, Sierra Funds, Madison, Salient Funds, PMC Funds, Reaves Asset Management, Integrity, Virtus, T Rowe Price, Pacific Funds, Princeton, Manning & Napier, Oak Ridge, Causeway Funds, Aquila, Polen Capital Management, Burnham Funds, Cambiar Funds, Nationwide/Gartmore, Arrow Funds, Amana Funds, James Alpha Management, Pax World Funds, Sterling Capital Funds, Gavekal, Frost Funds, Aberdeen, Arbitrage Funds, SEI, JOHCM, Guinness Atkinson Funds, Credit Suisse Funds, William Blair & Co, Profunds, REMS, Advisors Asset Management, Rivernorth Funds, Olstein Funds, Direxion, Ridgeworth, Marshfield, Emerald, Alternative Core Solutions, Pacific Life, API, Brandes, Grandeur Peak, TS Capital LLC, James Advantage Funds, Intrepid Capital Funds, Hatteras, Center Funds, Westwood, MD Sass, Snow Capital Investment, Conestoga Funds, PNC Capital Advisors, Third, Century Funds, Dunham, Lucia Capital Mgmt, Maingate, Saratoga, Kinetic Funds, Angel Oak, Eagle MLP, FAM, Advisory Research, Colorado Bond Shares, James Alpha Managment, Satuit Capital, Mutual Hedge Frontier Legends, Aston, AIG, TFS Capital, Center Coast MLP, Symetra, Empiric Funds, Horizon Kinetics, Lattice, Longboard Asset Management, Schroder, Dearborn Partners, Kopernik, Cedar Capital, Miller Investment, Brookfield Investment Management, 361 Funds, Harbor Funds, First Investors, Geneva Advisors.
RBC CM also receives payments to help offset the cost of managing shareholder accounts. These expenses include sending shareholder statements, maintaining shareholder records and performing regulatory mailings. The following list represents the fund companies making payments that can be based on either a per-account fee or asset-based position fee, in order of total payment received, from January 1, 2016, to October 31, 2016: American Funds, Franklin Templeton, Invesco, Oppenheimer, T Rowe Price, Fidelity Advisors, Blackrock, First Eagle, PIMCO, MFS, NATIXIS Funds, Thornburg, Ivy Mackenzie, ARTISAN FUNDS, Lord Abbett, JP Morgan Funds, Columbia Funds, Putnam, Russell Fund Distributors, John Hancock, Wells Fargo FDS, Alliance Bernstein, Eaton Vance, Hartford, Federated, Pioneer, Henderson Funds, Janus, Principal Funds, Prudential, Deutsche, Mainstay, Legg Mason, Goldman Sachs, AMG, Nuveen Flagship Funds, Transamerica Premier, FPA Funds, Diamond Hill Funds, Virtus Investments, Davis Funds, Calamos Funds, Guggenheim, Gabelli, Princeton, SunAmerica, Allianz, Riverpark, Voya, Alger, Neuberger & Berman, Dreyfus, Royce, Touchstone, Metropolitan West, Oakmark, Eagle Funds, Aston Funds, Third, BBH FUNDS, Weitz Funds, Sentinel Funds, Champlain, TCW Galileo Funds, Rivernorth Funds, Harbor Funds, Driehaus Securities Corp, Polen Capital Management, Swan, Pax World Funds, Mairs & Power, Oak Ridge, Abbey Capital, Salient, Angel Oak, PNC Funds, RBC Funds Trust, World Funds, Castle Funds, Highland, Advisory Research, Miller Funds, Whitebox, Marketfield, Gavekal, Liberty Street Horizon, Good Harbor, Maingate, 361 Funds, Grandeur Peak, Foliometrix, Equinox, Boston Partners, Poplar Forest Partners, REMS, USAA Funds, Olstein, Gotham Funds, Steelpath Mlp Fds Tr, First Trust, API, Sierra, FAM, Hancock Horizon, Scout Funds, EIC Value Fund, Kopernik Funds, MD Sass, Outfitter, Vulcan Value Partners, Brookfield, PCS Commodities, Stifel Nicolaus, Frontier Funds, Transparent Value, JOHCM, Berwyn, WCM, Redwood, Stringer, Rothschild, Chartwell, JAG Funds, Chase Investments, Aurora Horizons, Longboard Asset Mgmt, Dearborn Partners, BP Capital, 13D Activist, Cavalier, Private Capital Management, Seafarer, Bushido Funds, Appleseed, Thomas White Funds, Apex, Green Century, Evermore Funds, Boston Common, Huber Capital Management.
This information is updated annually. Investors should carefully consider the investment objectives, risks, charges and expenses of a fund before investing. Prospectuses containing this and other information about the fund are available by contacting your Financial Advisor. Please read the prospectus carefully before investing to make sure that the fund is appropriate for your goals and risk tolerance.