RBC Global Asset Management Inc. lowers fees for three BlueBay Funds and RBC Target 2020 Education Fund

TORONTO, Dec. 14, 2017 /CNW/ - RBC Global Asset Management Inc. (RBC GAM Inc.) today announced the reduction of management fees for three BlueBay Funds and the reduction of management fees and specified percentages, where applicable, for RBC Target 2020 Education Fund.

RBC GAM Inc. reviews fees on an ongoing basis. These reductions are part of our commitment to investors to remain a leader in delivering excellent value to our clients.

The management fees and specified percentages, as applicable, for the following funds and series will be reduced effective January 1, 2018.

Fund			Management Fee
			Current	Effective Jan 1, 2018
BlueBay Global Monthly Income Bond Fund
	Series A / Advisor Series		1.65%	1.50%
	Series D		1.05%	0.90%
	Series F		0.90%	0.75%
	Series I		0.80%	0.75%
BlueBay European High Yield Bond Fund (Canada)
	Series A / Advisor Series		1.65%	1.50%
	Series D		1.05%	0.90%
	Series F		0.90%	0.75%
BlueBay Emerging Markets Corporate Bond Fund
	Series A / Advisor Series		1.65%	1.50%
	Series D		1.05%	0.90%
	Series F		0.90%	0.75%
RBC Target 2020 Education Fund*
	Series A		1.55%**	1.00%**
	Series D		0.90%**	0.80%**
	Series F		0.70%	0.65%

* Fee reductions are specified in the Simplified Prospectus

** This is the specified percentage of the series which includes the management fee, administration fee, taxes (other than the additional cost of the HST), other fund costs and any fees and expenses of the underlying funds.

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, PH&N Funds and BlueBay 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 institutional 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 $400 billion in assets and have approximately 1,400 employees located across Canada, the United States, Europe and Asia.

SOURCE RBC Global Asset Management Inc.

For further information: Leah Commisso, RBC GAM Corporate Communications, 416-955-6498, [email protected]