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. RBC WM has a conflict of interest associated with utilizing these third party providers that make payments to RBC.
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 November 1, 2017 to October 31, 2018: RBC, American Funds, Federated, Franklin Templeton, BlackRock, Oppenheimer, Thornburg, JP Morgan, Invesco, Lord Abbett, Pioneer, Hartford, Ivy Funds, Dreyfus, Russell, Putnam, Columbia, AB, Allianz, IVA Funds, DWS, Wells Fargo, Fidelity, PIMCO, Delaware, Principal, DoubleLine Funds, Gabelli, Goldman Sachs, Voya, PGIM Funds, John Hancock, First Trust, Touchstone, Nuveen, Cohen & Steers, Alger, First Eagle, AMG Funds, AIG, Wasatch, Calamos Funds, Janus Henderson, AQR Funds, T. Rowe Price, Weitz Investments, Mainstay, Guggenheim, Harding Loevner, Baron, MFS, Davis Funds, Carillon, William Blair, Morgan Stanley, Tocqueville, Natixis, Vanguard, Legg Mason, ALPS Funds, LoCorr Funds, Cullen Funds, Matthews International, American Beacon, Payden and Rygel, Eaton Vance, Emerald, SSGA Funds, Van Eck, Transamerica, Victory, PNC Funds, Madison, Causeway Funds, Buffalo Funds, Eventide, Neuberger & Berman, AAM Advisors, Stringer, Princeton, American Century, Sentinel Funds, ICON, Alternative Core Solutions, Swan, Brandes, Thomson Horstmann & Bryant, Salient Funds, Manning & Napier, Oak Ridge, Marshfield Associates, Stadion Funds, Eagle Funds, Keeley Investments, Gavekal, Credit Suisse Funds, Polen Capital Management, 361 Funds, Highland Funds, Intrepid Capital, ProFunds, Conestoga Funds, Sierra, Virtus, Integrity, Aquila, Amana Funds, Astor, Brookfield Investment Management, Centerstone Investments, Pacific Funds, James Advantage Funds, PMC Funds, Catalyst, Counterpoint, Burnham Funds, Frost Funds, James Alpha, Reaves Asset Management, Dimensional Fund Advisors, Aberdeen, Nationwide, Cambiar Funds, Symetra, Advisors Asset Management, Advisory Research, Arbitrage Fund, Olstein Funds, Sterling Capital, JOHCM Funds, Alpine, AXA, Pax World, Aristolte Capital, Westwood, Yorktown Funds, Diamond Hill, Blackstone, Fund X, MainGate, Kopernik, BMO Funds, MD Sass, Lazard Funds, Viking, REMS, SkyBridge, Miller Howard, Brown Advisory, Arrow Funds, SEI, RiverNorth Funds, Sage Advisory, Riverfront Investment, Angel Oak, Cornerstone Investments, MLP Fund, Port Street, Babson Capital, Cincinnati Asset Management, FPA Funds, Guinness Atkinson, Piedmont, Provident, Dunham & Associates, Artisan Funds, Rice Hall James, Kinetic Funds, Direxion, Lincoln, Barings, ARK Global, Greenspring, Third, Mutual Hedge Frontier Legends, Campbell & Company, Loomis Sayles, AlphaCentric, Chartwell, Altegris, Snow Capital Investment, SATUIT Capital, Hatteras Funds.
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. RBC WM has a conflict of interest in utilizing firms that make payments to RBC WM over firms that do not make payments. RBC WM has a conflict of interest in choosing higher expense ratio share classes where we receive payments from fund families to help offset certain operational costs that RBW WM incurs in connection with distributing mutual funds. 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 November 1, 2017 to October 31, 2018: American Funds, Invesco, Franklin Templeton Investments, T Rowe Price, Oppenheimer, PIMCO, Fidelity, First Eagle, MFS, Lord Abbett, Putnam, JP Morgan Funds, Janus Henderson, Thornburg, Artisan Funds, Natixis, Pioneer Investments, John Hancock, Eaton Vance, AB, PGIM Funds, Federated, Russell, Principal Funds, Hartford, Ivy Funds, Nuveen, Columbia Funds, Legg Mason, Mainstay, Allianz, AIG, BlackRock, Goldman Sachs, Wells Fargo, AMG, Diamond Hill Funds, Transamerica, FPA Funds, Victory, DWS, Virtus Investments, Gabelli, Davis Funds, Calamos Funds, Alger, Guggenheim, Spirit of America, Neuberger & Berman, Carillon, Oakmark, Pax World, Voya, Touchstone, Dreyfus, Champlain, Metropolitan West, Harding Loevner, DoubleLine, American Century, Delaware, AQR Funds, BBH FUNDS, Royce, Princeton, Cohen & Steers, American Beacon, Fidelity, Harbor Funds, Swan, RiverNorth, Catalyst, Polen Capital, UBS Funds, JOHCM Funds, Brandes, Morgan Stanley, Highland, IVA Funds, TCW Galileo Funds, William Blair, Brookfield, LoCorr Funds, RiverPark, Advisory Research, Pacific Funds, Cambiar Funds, Cullen Funds, Boston Partners, Angel Oak, Jensen Funds, Mairs and Power, RJL, Fifth Third, Westwood, Calvert, Conestoga Funds, RBC, Cavalier, Van Eck, Wasatch, Aberdeen Funds, PNC Funds, Seafarer, Nationwide, Salient, Sterling Capital, Hotchkis & Wiley, Equinox, Abbey Capital, Oak Ridge, World Funds, Castle Funds, Caldwell & Orkin, Gavekal, ALPS Funds, Astor, Keeley Investments, Buffalo Funds, Integrity, Olstein, Tocqueville, Matthews International, Centerstone, Weitz Funds, WCM, Broadview Funds, SEI, Maingate, Madison, Permanent Portfolio, Akre, Poplar Forest, Emerald Funds, Kinetics Asset Mgmt, Hancock Horizon, 361 Funds, Miller Funds, Blackstone, Stadion, Tweedy Browne, Glenmede, Arrow Funds, API, Aquila, Kopernik Funds, Grandeur Peak, Marketfield, EIC Value Fund, Osterweis Funds, Causeway Funds, Chartwell, Driehaus Securities Corp, TIAA Cref, Frost, Hatteras Funds, Sierra, USAA Funds, Leuthold, Snow Capital, Altegris Funds, Intrepid Capital Funds, Manning and Napier Funds, First Trust, Liberty Street Horizon, Dimensional Fund Advisors, Evermore Funds, Good Harbor, PCS Commodities, Mutual Hedge Frontier Legends, Portfolio 21, FAM, New Alternatives, BP Capital, Thompson Plumb Growth Fund, Stifel Nicolaus, Amana Funds, Gotham Funds, Arbitrage Funds, Forward Funds, Charles Schwab, City National Rochdale, ICON Mutual Funds, Payden and Rygel, Wintergreen, Boston Trust & Walden, Oak Associates, Profunds, Boston Common, Polaris Funds, Reaves Asset Management, Stringer, Vulcan Value Partners, Shelton Capital, Dunham & Associates Investment, Edgewood, JAG Funds, Appleseed, Longboard Asset Mgmt, AT FUNDS, PMC Funds, Quaker Funds, CRA Qualified Investment Fund, MD Sass, SSGA Funds, Absolute Advisors, Marshfield, Fuller Thaler, USA Mutuals, Green Century, Alphacentric, Guinness Atkinson Funds, Scout Funds, Al Frank Funds, Westshore Funds, Mirae, Chase Investments, TFS Capital, Rainier, Satuit Capital, Lebenthal Lisanti, Redwood, Dearborn Partners, Huber Capital Management, Apex, Thomas White Funds, Private Capital Management, BTS Funds, Direxion, 13D Activist, Frontier Funds.
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.