RBC Global Asset Management announces the launch of two new Class R6 shares

MINNEAPOLIS, Jan. 17, 2017 /PRNewswire/ - RBC Global Asset Management (U.S.) Inc. (RBC GAM-US) today announced the launch of new Class R6 shares for two mutual funds.

Class R6 shares are intended to provide a greater level of fee transparency to investors in the retirement plan marketplace, particularly compared to Institutional share classes.

"The industry is constantly evolving in response to regulatory changes, fee compression and the desire for increased transparency. With these new solutions, we are pleased to provide U.S. investors with that same level of transparency and market alignment," said Matthew Appelstein, Head of Sales and Distribution for RBC GAM-US. "Looking ahead, we believe that most retirement plans and platforms will consider moving towards the class R6 shares structure. This addition reflects our commitment to our clients and their retirement goals and positions us to continue our aim to deliver exceptional value to our clients."

The Class R6 shares will not pay any form of intermediary compensation, such as shareholder servicing or sub-transfer agency fees for services provided to the accounts (in the defined contribution channel, these fees are commonly referred to as "revenue sharing").

The information for the new Class R6 shares is listed below.

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 individual, high-net-worth and institutional investors through mutual funds, exchange-traded funds, hedge funds, pooled funds, separate accounts and specialty investment strategies. RBC GAM group of companies manage more than $300 billion USD and have approximately 1,300 employees located across Canada, the United States, Europe and Asia.

About BlueBay Asset Management LLP
BlueBay Asset Management LLP (BlueBay) is a leading global fixed income asset manager. Headquartered in London with offices in the US, Japan, Hong Kong,

Switzerland, Ireland and Luxembourg, BlueBay manages more than US$55 billion for institutional investors and distributors (as of September 30, 2016). BlueBay is wholly-owned by Royal Bank of Canada and part of RBC's asset management division, RBC Global Asset Management. BlueBay is authorized and regulated by the Financial Conduct Authority.

Before investing, you should consider carefully a fund's investment objectives, risks, charges, and expenses. This information is in the prospectus, which you can request by visiting by visiting https://us.rbcgam.com/mutual-funds or calling 800-422-2766. Please read the prospectus carefully before investing.

RBC Global Asset Management (U.S.) Inc. is the adviser for the RBC Funds. The RBC BlueBay Diversified Credit and Emerging Market Select Bond Funds are sub-advised by BlueBay Asset Management LLP, a wholly owned subsidiary of RBC. The RBC BlueBay Diversified Credit Fund is also sub-advised by BlueBay Asset Management USA LLC, a wholly owned subsidiary of RBC. The RBC Funds are distributed by Quasar Distributors, LLC. Securities are offered through RBC Wealth Management, a division of RBC Capital Markets, LLC, member NYSE/FINRA/SIPC.

Mutual fund investing involves risk. Principal loss is possible.
Not FDIC Insured. No Bank Guarantee. May Lose Value.

SOURCE RBC Global Asset Management (U.S.)